Preliminary Announcement of the ASSA Program

 

Chicago, IL, January 5-7, 2007

 

2007 Conference Papers

 

This version includes all changes/corrections received by November 29. We will not update the program again.

 

(It is important to note that all sessions will be equipped with an overhead projector, and a LCD projector for PowerPoint presentations.)

      

 

LOCATION OF SESSIONS FOR 2007 IN CHICAGO. IF YOUR SESSIONS ARE IN THE SUMMIT YOUR SPECIAL EVENTS WILL BE IN THE HYATT REGENCY.

 


AAEA—Swissotel

ACE—Hyatt Regency

ACES—Swissotel

AEA—Hyatt Regency

AEDSB—Hyatt Regency

AERE—Summit

AFA—Hyatt Regency

AFE—Hyatt Regency

AFEA—Swissotel

AFEE—Swissotel

AIES—Hyatt Regency

AREUEA—Hyatt Regency

ASCE—Hyatt Regency

ASE—Swissotel

ASGE—Hyatt Regency

CEANA—Hyatt Regency

CES—Hyatt Regency

CS—Hyatt Regency

EPS—Hyatt Regency

EHA—Hyatt Regency

ES—Summit

ESA—Summit

HERO—Swissotel

HES—Hyatt Regency

IAEE—Hyatt Regency

IAFFE—Hyatt Regency

IEFS—Hyatt Regency

IHEA—Swissotel

INEM—Hyatt Regency

IOS—Hyatt Regency

ISIR—Hyatt Regency

ISNIE—Summit

ITFA—Summit

KAEA—Hyatt Regency

LERA—Hilton Chicago

MEEA—Hyatt Regency

NABE—Hyatt Regency

NAEE/NCEE—Hyatt Regency

NAEFA—Hyatt Regency

NAFE—Summit

NEA—Hyatt Regency

NTA—Hyatt Regency

ODE—Hyatt Regency

PSSI—Summit

SCE—Hyatt Regency

SED—Summit

SGE—Hyatt Regency

SPM—Hyatt Regency

TPUG—Hyatt Regency

URPE—Hyatt Regency


 

 

Thursday, January 4, 2007

 

Jan. 4, 6:30 pm

ASE

 

Plenary Lecture

 

Presiding: JOHN P. TIEMSTRA, Calvin College

 

JOHN M. GOWDY, Rensselaer Polytechnic Institute--Behavioral Economics and Sustainability

 

 

Friday, January 5, 2007

 

Jan. 5, 8:00 am

AAEA

 

Whither Jobs and People?: Rural-Suburban-Urban Differences and Modern Growth Patterns (Q1)

 

Presiding: JEFFREY H. DORFMAN, University of Georgia

 

MARK D. PARTRIDGE, Ohio State University, DAN S. RICKMAN, Oklahoma State University, KAMAR ALI, and M. ROSE OLFERT, University of Saskatchewan--Employment Growth in the American Urban Hierarchy: Long Live Distance

 

CAROLINE CUNNINGHAM, MOLLY ESPEY, and KATHERINE H. KING, Clemson University--The Faces of Suburbanization

 

MITCH RENKOW, North Carolina State University--Employment Growth and the Allocation of New Jobs: Spatial Spillovers of Economic and Fiscal Impacts

                  

Discussant: JEFFREY H. DORFMAN, University of Georgia

 

 

Jan. 5, 8:00 am

AEA

 

Labor Flows, Vacancies and Wages

 

Presiding: JOHN HALTIWANGER, University of Maryland

 

      STEVE DAVIS, University of Chicago and NBER, R. JASON FABERMAN, U.S. Bureau of Labor Statistics, and JOHN HALTIWANGER, University of Maryland and NBER—The Micro Behavior of Vacancies and Hiring

 

      ROBERT SHIMER, University of Chicago--Wage and Employment Dynamics with Mismatch

 

      ERICA GROSHEN and SIMON POTTER, Federal Reserve Bank of New York—Why Don’t Temporary Layoffs Spike during Recessions Anymore?

 

Discussants: EVA NAGYPAL, Northwestern University

      DALE MORTENSEN, Northwestern University

      BRUCE FALLICK, Federal Reserve Board

 

 

Jan. 5, 8:00 am

AEA

 

The Economics of Natural Resources and the Environment (Q0)

 

Presiding: To be announced.

 

      JEFFREY LAZO, National Center for Atmospheric Research, PETER LARSEN, University of Alaska-Anchorage, DONALD WALDMAN, University of Colorado-Boulder, and MEGAN HARROD, Stratus Consulting, Inc.—Sensitivity of the U.S. Economy to Weather Variability

 

      BASHARAT PITAFI, Southern Illinois University, and JAMES ROUMASSET, University of Hawaii—The Resource Economics of Invasive Species

 

      SARAH LOWDER, United Nations—Reducing Environmental Impact: Appropriate Country Strategies Based on Levels of Development

 

      THOMAS A. WEBER and CLAIRE TOMKINS , Stanford University--Dynamic Allocation of Water Resources with Storage and Two-Sided Uncertainty: The Case of Southern California

 

Discussants: To be announced.

 

 

Jan. 5, 8:00 am

AEA

 

Transparency

 

Presiding: MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo

 

      MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo—The Action Value of Information and the Natural Transparency Limit

 

      STERGIOS SKAPERDAS, University of California-Irvine, and SAMARTH VAIDYA, Deakin University—Persuasion as a Contest

 

      MAKSYMILIAN KWIEK, University of Southampton—Mass Media: Constrained Information and Heterogenous Public

 

 

Jan. 5, 8:00 am

AEA

 

Model Validation and Model Comparison (C5)

 

Presiding: MICHAEL KEANE, Yale University

 

      KENNETH WOLPIN, University of Pennsylvania—Ex Ante Policy Evaluation, Structural Estimation and Model Selection

 

      HANMING FANG, MICHAEL KEANE, Yale University, AHMED KHWAJA, MARTIN SALM, Duke University, and DAN SILBERMAN, University of Michigan—Using Data on Expectations to Validate a Structural Model of Investment in Health

 

      JOHN GEWEKE, University of Iowa—Bayesian Model Comparison

 

Discussant: CHRIS SIMS, Princeton University

 

 

Jan. 5, 8:00 am

AEA

 

Monetary Aggregates and Monetary Policy (E5)

 

Presiding: SAMUEL REYNARD, Swiss National Bank

 

      EDWARD NELSON, Federal Reserve Bank of St. Louis, JAVIER ANDRES, Universidad de Valencia, and DAVID LOPEZ-SALIDO, Bank of Spain—Money and the Natural Rate of Interest: Structural Estimates for the U.K., the U.S., and the Euro Area

 

      SAMUEL REYNARD, Swiss National Bank—Money and the Great Disinflation

 

      HUW PILL, BJOERN FISCHER, MICHELE LENZA, and LUCREZIA REICHLIN, European Central Bank—A Monetary History of the Euro Area 1999-2006

 

      ANDREW FILARDO, Bank for International Settlements, and MICHAEL BORDO, Rutgers University and NBER—Money Still Makes the World Go Round: The Zonal View

 

Discussants: ATHANASIOS ORPHANIDES, Federal Reserve Board

      EDWARD NELSON, Federal Reserve Bank of St. Louis

      SAMUEL REYNARD, Swiss National Bank

      CARL E. WALSH, University of California-Santa Cruz

 

 

Jan. 5, 8:00 am

AEA

 

The Market and Pre-Market for Graduate Students in Economics

 

Presiding: ALAN KRUEGER, Princeton University

 

      PAUL OYER, Stanford University—Initial Positions, Long-Term Outcomes, and Organizational Structure in the Market for Economists

 

      WAYNE A. GROVE, LeMoyne College, and STEPHEN WU, Hamilton College—The Search for Talent: Doctoral Completion and Research Productivity of Economists

 

      SUSAN ATHEY, Stanford University, LAWRENCE KATZ, Harvard University, ALAN KRUEGER, Princeton University, STEVEN LEVITT, University of Chicago, and JAMES POTERBA, Massachusetts Institute of Technology—What Does Performance in Graduate School Predict? Graduate Economics Education and Outcomes of Graduate Students

 

Discussants: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill

      DAVID C. COLANDER, Middlebury College

      WENDY A. STOCK, Montana State University

 

 

Jan. 5, 8:00 am

AEA

 

Macroeconomic Implications of Price Stickiness (E3)

 

Presiding: JOHN LEAHY, New York University

 

      MICHAEL DOTSEY, Federal Reserve Bank of Philadelphia, ROBERT G. KING, Boston University, and ALEXANDER L. WOLMAN, Federal Reserve Bank of Richmond—Aggregate Dynamics of Inflation and Real Activity with Firm-Level Productivity Shocks

 

      VIRGILIU MIDRIGAN, New York University—Menu Costs, Multi-Product Firms and Aggregate Fluctuations

 

      PETER KLENOW, Stanford University, and JONATHAN WILLIS, Federal Reserve Bank of Kansas City—Empirical Evidence on Models of Rational Inattention

 

 

Jan. 5, 8:00 am

AEA

 

Recent Macroeconomic Stabilization (E3)

 

Presiding: JEFFREY CAMPBELL, Federal Reserve Bank of Chicago

 

      ZVI HERCOWITZ, Tel Aviv University, and JEFFREY CAMPBELL, Federal Reserve Bank of Chicago—The Role of Collateralized Household Debt in Macroeconomic Stabilization

 

      GIORGIO PRIMICERI, Northwestern University, and ALEJANDRO JUSTINIANO, Federal Reserve Board--The Time Varying Volatility of Macroeconomic Fluctuations

 

      SYLVAIN LEDUC, Federal Reserve Board, and KEITH SILL, Federal Reserve Bank of Philadelphia—Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility

 

Discussants: GARY HANSEN, University of California-Los Angeles

      KEVIN SALYER, University of California-Davis

      JONAS FISHER, Federal Reserve Bank of Chicago

 

 

Jan. 5, 8:00 am

AEA

 

Heterogeneity in the Labor Market and Macroeconomic Fluctuations (E2)

 

Presiding: FRANÇOIS GOURIO, Boston University

 

      FRANÇOIS GOURIO, Boston University, and PIERRE-ALEXANDRE NOUAL, University of Chicago—The Marginal Worker and the Aggregate Elasticity of Labor Supply

 

      RONNI PAVAN, University of Rochester, and ALESSANDRO BARBARINO, University of Chicago and Duke University—Measuring Unemployment Composition over the Business Cycle

 

      YONGSUNG CHANG, Seoul National University, MARK BILS, University of Rochester, and SUN-BIN KIM, Korea University—Cyclicality in Unemployment and Wages

 

      CHRISTIAN HAEFKE and MICHAEL REITER, University of Pompeu Fabra—Labor Market Participation and the Business Cycle

 

Discussants: YONGSUNG CHANG, Seoul National University

      RONNI PAVAN, University of Rochester

      FRANÇOIS GOURIO, Boston University

 

 

Jan. 5, 8:00 am

AEA

 

Long-Run Growth

 

Presiding: DAVID WEIL, Brown University

 

      JENNY MINIER, University of Kentucky—Nonlinearities and Robustness in Growth Regressions

 

      ANTONIA J. SWANN, York University—Competition and Growth: The Key Role of R&D Duplication behind the Inverted U Relationship

 

      FALI HUANG, Singapore Management University—The Coevolution of Economic and Political Development

 

      NICOLE B. SIMPSON, Colgate University, WILLIAM BLANKENAU, Kansas State University, and MARC TOMLJANOVICH, Colgate University—Public Education Expenditures, Taxation and Growth: Linking Data to Theory

 

Discussants: PETER HOWITT, Brown University

      NILS-PETTER LAGERLOEF, York University

      ANN OWEN, Hamilton College

      DAVID WEIL, Brown University

 

 

Jan. 5, 8:00 am

AEA

 

Multinational Firms and Development (F2, O3)

 

Presiding: ALEXANDER MONGE-NARANJO, Northwestern University

 

      ALEXANDER MONGE-NARANJO, Northwestern University—Multinational Firms, International Diffusion of Skills and Development

 

      PAUL BEAUDRY and PATRICK FRANCOIS, University of British Columbia—Firms as Schools: On the Job Learning as a Means of Technology Diffusion

 

      ESTEBAN ROSSI-HANSBERG and GENE GROSSMAN, Princeton University—Trading Tasks: A Simple Theory of Offshoring

 

      NATALIA RAMONDO, University of Chicago—Size, Geography, and Multinational Production

 

 

Jan. 5, 8:00 am

AEA

 

Capital Accumulation and the Cost of Capital

 

Presiding: SIMON GILCHRIST, Boston University

 

      GIAN LUCA CLEMENTI, New York University, RUI CASTRO, University of Montreal, and GLENN MACDONALD, Washington University-St. Louis—Legal Institutions, Sectoral Heterogeneity, and Economic Development

 

      FABIO NATALUCCI, Federal Reserve Board, SIMON GILCHRIST, Boston University, and EGON ZAKRAJSEK, Federal Reserve Board—Interest Rates and Investment Redux

 

      NIHAL BAYRAKTAR, Pennsylvania State University-Harrisburg and World Bank, and PLUTARCHOS SAKELLARIS, Athens University of Economics and Business and IMOP—Firm Market Value and Investment: The Role of Firm Market Power and Different Types of Adjustment

 

      MARCEL-CRISTIAN VOIA and HUNTLEY SCHALLER, Carleton University—Panel Cointegration Estimates of the Effect of Interest Rates, Capital Goods Prices, and Taxes on the Capital Stock

 

 

Jan. 5, 8:00 am

AEA

 

Constitutional Approaches to Explaining Trade Policy (F1)

 

Presiding: GERALD WILLMANN, University of Kiel

 

      MATTIAS POLBORN, University of Illinois-Urbana-Champaign, and GERALD WILLMANN, University of Kiel—Referendum Timing

 

      MIRABELLE MUULS and DIMITRA PETROPOULOU, London School of Economics—Oranges and Steel – A Swing State Theory of Trade Protection in the Electoral College

 

      HEIN ROELFSEMA, University of Utrecht—Political Institutions and Trade Protection

 

      GERALD WILLMANN, University of Kiel—Why Legislators Are Protectionists: The Role of Majoritarian Voting in Setting Tariffs

 

Discussants: EMILY BLANCHARD, University of Virginia

      GIOVANNI FACCHINI, University of Illinois

      DEVASHISH MITRA, Syracuse University

      KISHORE GAWANDE, Texas A&M University

 

 

Jan. 5, 8:00 am

AEA

 

Markets, Information, and Strategic Behavior

 

Presiding: BRUCE MIZRACH, Rutgers University

 

      JOSEPH ENGELBERG and JARED WILLIAMS, Northwestern University—Ebay’s Proxy System: A License to Shill

 

      JIE LU and BRUCE MIZRACH, Rutgers University—Is Talk Cheap Online? Strategic Interaction in a Stock Trading Chat Room

 

      JEFFREY ELY, Northwestern University, and TANJIM HOSSAIN, Hong Kong University of Science & Technology—Sniping and Squatting in Auction Markets

 

Discussants: To be announced.

 

 

Jan. 5, 8:00 am

AEA

 

Organizational Form (L2, H5, G3)

 

Presiding: JULIE WULF, University of Pennsylvania

 

      PATRICK HERBST and JENS PRUFER, Goethe University-Frankfurt—Firms, Nonprofits, and Cooperatives: The Role of Organizational Form in the Provision of Quality

 

      JEAN-MICHEL OUDOT, Centre ATOM, University Paris I Pantheon, Sorbonne—Cost Plus or Price Cap? The Choice in the French Defense Procurement Sector

 

      JULIE WULF, University of Pennsylvania, AUGUSTIN LANDIER, New York University, and VINAY NAIR, University of Pennsylvania—Geographic Dispersion and Corporate Decision-Making

 

      KRISHNAMURTHY SUBRAMANIAN, Emory University—Firm Boundaries in the New Economy: Theory and Evidence

 

     

Jan. 5, 8:00 am

AEA

 

Income Redistribution: Causes and Consequences (D3)

 

Presiding: FELIX OBERHOLZER-GEE, Harvard University

 

      CHRISTINA FONG, Carnegie Mellon University, and FELIX OBERHOLZER-GEE, Harvard University—Justice and Redistribution

 

      CLAUDIA SENIK, Université Paris-IV Sorbonne, and KARIN VAN DER STRAETEN, CNRS and Ecole Polytechnique Paris—The Anatomy of the Demand for Redistribution in Europe: An Investigation of the European Social Survey

 

      ESTEBAN F. KLOR and MOSES SHAYO, Hebrew University of Jerusalem—Redistribution and Social Identity in the Labor

 

Discussants: ALOIS STUTZER, University of Zurich

      IRIS BOHNET, Harvard University

      JAMES FOWLER, University of California-Irvine

 

 

Jan. 5, 8:00 am

AEA

 

Natural Field Experiments in Development Economics (O1)

 

Presiding: ROHINI PANDE, Yale University

 

      EDWARD MIGUEL, SARAH BAIRD, University of California-Berkeley, and MICHAEL KREMER, Harvard University—Experimental Evidence on Long-Run Impacts of Child Health in Kenya

 

      DEAN KARLAN, Yale University, and JONATHAN ZINMAN, Dartmouth University—Derationing: Using Randomized Credit Supply Decisions to Measure Microfinance Impacts

 

      BENJAMIN OLKEN, Harvard University—Monitoring Corruption: Evidence from a Field Experiment in Indonesia

 

Discussants: SEEMA JAYACHANDRAN, University of California-Los Angeles

      ABHIJIT BANERJEE, Massachusetts Institute of Technology

      CHRISTOPHER UDRY, Yale University

 

 

Jan. 5, 8:00 am

AFA

 

Determinants of Default Swap Spreads

 

Presiding: PIERRE COLLIN-DUFRESNE, University of California-Berkeley

 

      PHILIPPE JORION and GAIYAN ZHANG, University of California-Irvine—Intra-Industry Credit Contagion: Evidence from the Credit Default Swap and Stock Markets

 

      DRAGON YONGJUN TANG, Kennesaw State University, and HONG YAN, University of Texas-Austin—Liquidity, Liquidity Spillover, and Credit Default Swap Spreads

 

      ANTJE BERNDT, Cornell University, AZIZ A. LOOKMAN, and JULIAN OBREJA, Carnegie Mellon University—Default Risk Premia and Asset Returns

 

Discussants: KENNETH SINGLETON, Stanford University

      VIRAL ACHARYA, London Business School

      KENT DANIEL, Northwestern University

 

 

Jan. 5, 8:00 am

AFA

 

Understanding Risks and Expected Returns

 

Presiding: JOSEPH CHEN, University of Southern California

 

      ZHI DA and PENGJIE GAO, Northwestern University—Clientele Change, Liquidity Shock, and the Return on Financially Distressed Stocks

 

      EVAN W. ANDERSON, ERIC GHYSELS, University of North Carolina-Chapel Hill, and JENNIFER L. JUERGENS, Arizona State University—The Impact of Risk and Uncertainty on Expected Returns

 

      ANDREW ANG, ROBERT J. HODRICK, Columbia University, YUHANG XING, Rice University, and XIAOYAN ZHANG, Cornell University—High Idiosyncratic Volatility and Low Returns: International and Further U.S. Evidence

 

Discussants: TARUN CHORDIA, Emory University

      CHRISTOPHER JONES, University of Southern California

      TIM JOHNSON, London Business School

 

 

Jan. 5, 8:00 am

AFA

 

International Comparisons

 

Presiding: RAFAEL LA PORTA, Dartmouth College

 

      FRANKLIN ALLEN, University of Pennsylvania, LAURA BARTILORO, Bank of Italy, and OSKAR KOWALEWSKI, Leon Kozminski Academy of Entrepreneurship and Management—Does Economic Structure Determine Financial Structure?

 

      HEITOR ALMEIDA, New York University, MURILLO CAMPELLO, University of Illinois-Urbana-Champaign, and CROCKER H. LIU, New York University—The Financial Accelerator: Evidence from International Housing Markets

 

      BERNARD YIN YEUNG, New York University, LUBOMIR P. LITOV, Washington University-St. Louis, and KOSE JOHN, New York University—Corporate Governance and Corporate Risk Taking: Theory and Evidence

 

Discussants:     LUIGI ZINGALES, University of Chicago

      JEREMY STEIN, Harvard University

      PETER TUFANO, Harvard Business School

 

 

Jan. 5, 8:00 am

AFA

 

Corporate Governance

 

Presiding: SIMI KEDIA, Rutgers University

 

      MICHAEL H. BRADLEY, ALON BRAV, Duke University, ITAY GOLDSTEIN, University of Pennsylvania, and WEI JIANG, Columbia University—Costly Communciation, Shareholder Activism, and Limits to Arbitrage

 

      DALIDA KADYRZHANOVA, Columbia University—Does Governance Pay, or Is Entrenchment the Way? Merger Gains and Antitakeover Provisions

 

      SHANE A. JOHNSON, TED MOORMAN, and SORIN M. SORESCU, Texas A&M University—Governance, Stock Returns, and Market Efficiency

 

Discussants: LAURA STARKS, University of Texas-Austin

      S. RAVID, Rutgers University

      KENNETH LEHN, University of Pittsburgh

 

 

Jan. 5, 8:00 am

AFA

 

Executive Compensation and Corporate Governance

 

Presiding: MILTON HARRIS, University of Chicago

 

      PRAVEEN KUMAR and NISAN LANGBERG, University of Houston—Overinvestment and Corporate Fraud in Efficient Capital Markets

 

      ULF AXELSON, Swedish Institute for Financial Research, and SANDEEP BALIGA, Northwestern University—Optimal Executive Compensation with Renegotiation: Explaining Earnings Manipulation and Vesting Schedules

 

      GUSTAVO MANSO, Stanford University—Motivating Innovation

 

Discussants: OGUZHAN OZBAS, University of Southern California

      HARESH SAPRA, University of Chicago

      MORTEN SORENSEN, University of Chicago

 

 

Jan. 5, 8:00 am

AFA/AFE

 

Dividends and Stock Repurchases

 

Presiding: KOSE JOHN, New York University

 

      AMY CHUN-CHIA CHANG, PRAVEEN KUMAR, and SHIVA SIVARAMAKRISHNAN, University of Houston—Dividend Changes, Cash Flow Predictability, and Signaling of Future Cash Flows

 

      RADHAKRISHNAN GOPALAN, University of Michigan-Ann Arbor, VIKRAM K. NANDA, Arizona State University, and AMIT SERU, University of Michigan-Ann Arbor—Do Business Groups Use Dividends to Fund Investments?

 

      GERARD HOBERG, and NAGPURNANAND R. PRABHALA, University of Maryland—Dividend Policy, Risk, and Catering

 

Discussants: DOUGLAS SKINNER, University of Chicago

      AVNER KALAY, Tel Aviv University

      MICHAEL BRENNAN, University of California-Los Angeles

 

 

Jan.5, 8:00 am

AREUEA

 

Homeownership and Housing Policy

 

Presiding: EDGAR O. OLSEN, University of Virginia

 

DONALD R. HAURIN, Ohio State University, and STUART S. ROSENTHAL, Syracuse University--Language, Agglomeration, and Hispanic Homeownership

 

GEORGE C. GALSTER and ANNA M. SANTIAGO, Wayne State University--No Place Like Home? Experiences of Recent, Low-Income Homebuyers

 

STUART S. ROSENTHAL and MICHAEL D. ERIKSEN, Syracuse University--Crowd-Out, Stigma, and the Effect of Place-Based Subsidized Rental Housing on Neighborhoods

 

FRANÇOIS DES ROSIERS, Laval University, and MARION STEELE, University of Guelph--Superstar Cities, Condominiums and the Low Income Housing Tax Credit: Is the Contribution of LIHTC to Total Tax Expenditures Less Than it Seems?

 

Discussants: EDWARD COULSON, Pennsylvania State University

      STUART ROSENTHAL, Syracuse University

      AMY SCHWARTZ, New York University

      KERRY VANDELL, University of California-Irvine

 

     

Jan. 5, 8:00 am

AREUEA

 

Economics of Mortgage Markets

 

Presiding: TODD SINAI, University of Pennsylvania

 

ANDREA HEUSON and TIE SU, University of Miami--Mortgage Delivery Options: An Innovation to Improve the Risk/Return Tradeoff in Residential Mortgage Lending

 

NELA RICHARDSON and DOUGLAS A. MCMANUS, Freddie Mac--Multi-Sided Platforms: An Application to Secondary Mortgage Markets

 

LYNN M. FISHER, Massachusetts Institute of Technology, and ROBERT VAN ORDER, University of Michigan--The Economics of the Mortgage and Mortgage Institutions

 

SHANE M. SHERLUND, Federal Reserve Board--The Jumbo-Conforming Spread: A Semiparametric Reexamination

 

Discussants: NENG WANG, Columbia University
 YONGHENG DENG, University of Southern California
 ALBERT SAIZ, University of Pennsylvania
 BRENT AMBROSE, Pennsylvania State University

 

 

Jan. 5, 8:0 0am

ACES

 

Private Ownership and Public Service Provision

 

Presiding: JOHN BENNETT, Brunel University,West London

 

KATHERINA GASSNER, World Bank, ALEXANDER POPOV, University of Chicago, and NATALIYA PUSHAK, World Bank—An Empirical Assessment of Private Sector Participation in Electricity and Water Distribution in Developing Countries

 

EDUARDO ENGEL, Yale University, RONALD FISCHER, University of Chile, and ALEXANDER GALETOVIC, University of the Andes--The Basic Public Finance of Public-Private Partnerships

 

JOHN BENNETT and ELISABETTA IOSSA, Brunel University--Contracting Out Public Service Provision to Not-for-Profit Firms

 

RUSSELL PITTMAN, U.S. Department of Justice and New Economic School, Moscow--Will the Train Ever Leave the Station? The Private Provision of Freight Railway Service in Russia and Central and Eastern Europe

 

Discussants: MARK SCHAFFER, Heriot-Watt University

HADI ESFAHANI, University of Illinois-Urbana-Champaign

AL SLIVINSKI, University of Western Ontario

SERGEI GURIEV, New Economic School, Moscow

 

 

Jan. 5, 8:00 am

AFEE/ASE

 

Continuity and Change: Policy Implications from Social and Institutional Economics (O1)

 

Presiding:  CHRISTOPHER NIGGLE, University of Redlands

 

MAYO TORUNO, California State University-San Bernardino--The State and the Abundant Society 

     

PHILLIP O’HARA, Curtin University, Australia--The Global Spread of AIDS and HIV: Causes, Consequences, and Governance

 

LAURA J. TAYLOR, Willamette University--Informal Institutions and the Transition in Rural Russia 

 

MICHAEL CARROLL, Bowling Green State University, MARY WRENN, Weber State University, JAMES RONALD STANFIELD, Colorado State University--Toward Community-Based Community Development

 

HAMID HOSSEINI, King’s College--Why both Formal and Informal Institutions Matter in

Economic Development: Explaining the Change of Lewisian Dualism to a (New?) Formal-

Informal Dichotomy

 

Discussant:  CHRISTOPHER NIGGLE, University of Redlands

 

 

Jan. 5, 8:00 am

ASE/IAFFE

 

Bringing Households and Social Reproduction in Strategies for Sustainability

 

Presiding:  ELLEN MUTARI, Richard Stockton College of New Jersey

 

ELISSA BRAUNSTEIN, Colorado State University--Women's Nonmarket Work, Gender Inequality, and Economic Growth in East Asia and Latin America

 

S. CHARUSHEELA, University of Hawaii-Manoa, and COLIN DANBY, University of Washington, Bothell--When is "The Household"?

 

MARILYN POWER, Sarah Lawrence College--Feminist and Ecological Economics: Applying a Social Provisioning Approach to an Analysis of the Effects of Natural Disasters

 

JANE WHEELOCK, University of Newcastle--Social Reproduction and Sustainability: The Role of Art

 

Discussants:  JOHN DAVIS, University of Amsterdam and Marquette University

ELLEN MUTARI, Richard Stockton College of New Jersey

 

Jan. 5, 8:00 am

ASCE

 

The Cuban Economy

 

Presiding:  ROGER BETANCOURT, University of Maryland-College Park

 

MARIO A. GONZALEZ CORZO, Lehman College, City University of New York, and SCOTT LARSON, Graduate Center, City University of New York--Cuba’s Unique Remittance Landscape: A Comparative Perspective

 

ERNESTO HERNÁNDEZ-CATÁ, Johns Hopkins University--A Theory of Transition: The Case of the Former Soviet Union

 

CARLOS SEIGLIE, Rutgers University-Newark--Socioeconomic Differences between the Races in Cuba and Their Implications for a Transition

 

Discussants:  JORGE SANGUINETTY, DevTech Systems, Inc.

LUIS LOCAY, University of Miami

BRYAN ROBERTS, U.S. Department of Homeland Security

 

 

Jan. 5, 8:00 am

ACE

 

Making Markets Work for the Rural Poor

 

Presiding: CHRISTOPHER B. BARRETT, Cornell University

 

PAUL N. WILSON, University of Arizona, and JOHN E. STAPLEFORD, Eastern University-- Transformational Development: A “Slow Fast” Alternative for Economic Growth

 

CRAIG GUNDERSEN, Iowa State University, and THOMAS KELLY, RKDev Consulting--Catholic Social Teaching and the Allocation of Scarce Resources to Address Problems of Poverty

 

TRACY C. MILLER, Grove City College--What Role Can Changes in Institutions and Policies Affecting Access to Property Rights Play in Facilitating Escape from Poverty in Developing Countries?

 

DUNCAN BOUGHTON, DAVID TSCHIRLEY, Michigan State University, CHRISTOPHER B. BARRETT, Cornell University, and RUI BENFICA, Michigan State University--The Determinants of Market Participation by Poor Rural Households in Sub-Saharan Africa: An Asset-Based Approach

 

 

Jan. 5, 8:00 am

AERE

 

Environmental Conflict and Cooperation (Q5)

 

Presiding:  W. MICHAEL HANEMANN, University of California-Berkeley

 

JUAN-PABLO MONTERO, Catholic University of Chile--A Simple Auction Mechanism for the Optimal Allocation of the Commons

 

SUNG HOON PARK, Korean University, and JASON F. SHOGREN, University of Wyoming--Environmental Citizen Suits with Pigovian Punitive Damages

 

SHLOMI DINAR, Florida International University, ARIEL DINAR, Johns Hopkins University School of Advanced International Studies, and PRADEEP KURUKULASURIYA, Yale University--SCARPERAION:  An Empirical Inquiry into the Role of Scarcity in Fostering Cooperation Between International River Riparians

 

CATHERINE NORMAN, Johns Hopkins University, and BEVIN ASHENMILLER, Occidental College--Anti-SLAPP Legislation and Citizen Enforcement:  Measuring the “Chill” of Strategic Law Suits

 

Discussants: GLENN BLOMQUIST, University of Kentucky

NICHOLAS FLORES, University of Colorado-Boulder

EMMA HUTCHINSON, University of Victoria

JULIO VIDERAS, Hamilton College

 

 

Jan. 5, 8:00am

AIES

 

Issues in Financial Aspects of Growth (C0, G1, G2)

 

Presiding: TEJ K. KAUL, Eastern Illinois University

 

      SUHAS KETKAR, Vanderbilt University—Corporate Bonds: A Case Study of RIBs and IMDs

 

      RENU KALLIANPUR, AXA Advisors, and SAUL MEKIES, University of Iowa—Sequential Game Theory and an Asian Euro

 

      KUSUM KETKAR, Yeshiva University—Financial Markets and Liberalization

 

      VANDANA RAO, Indiana University East—Key Risk Indicators in Financial Institutions

 

      ATRAYEE GHOSH ROY, Minnesota State University-Mankato, and HENDRIK VAN DEN BERG, University of Nebraska—Twin Deficits, Hard Landing and U.S. Growth

 

      DANIEL LAZAR, JOSEPH JEYAPAUL, Loyola College, and SHAILENDRA GAJANAN—Tax-Loss Selling and the April Effect: Evidence from BSE Sensex

 

      KISHORE KULKARNI, Metropolitan State College, and DEBASIS BHATTACHARYA, University of Denver—Economic Liberalization in India, Objectives, Reforms and Perspectives

 

Discussants: JYOTHI KHANNA, Colgate University

      DEBASRI MUKHERJEE, Western Michigan University

      MONICA DAS, Skidmore College

      SUBHASH SHARMA, Southern Illinois University

      ATRAYEE GHOSH ROY, Minnesota State University-Mankato

 

 

Jan. 5, 8:00 am

CS

 

The Economic History of Trade and Growth

 

Presiding: JOSEPH P. FERRIE, Northwestern University

 

      GUILLAUME DAUDIN, University of Edinburgh and OFCE, Sciences Po Paris—A Geography of Domestic Trade in the Late 18th Century France

 

      DAVID S. JACKS and KRISHNA PENDAKUR, Simon Fraser University—Global Trade and the Maritime Transport Revolution

 

      NOEL D. JOHNSON, California State University-Long Beach—Political Instability, Institutions, and Economic Growth: 1860-2000

 

      MAX-STEPHAN SCHULZE, London School of Economics, and NIKOLAUS WOLF, Free University of Berlin—Harbingers of Dissolution? Grain Prices, Borders, and Nationalism in the Late-Nineteenth century Habsburg Empire

 

Discussants: KRIS MITCHENERE, Santa Clara University

      ERIC HILT, Wellesley College

      DOUG IRWIN, Dartmouth College

      MARC WEIDENMEIR, Claremont McKenna College

 

 

Jan. 5, 8:00 am

ES

 

Defaults

 

Presiding: ROD GARRATT, University of California-Santa Barbara

 

ALOISIO ARAUJO, IMPA and Getúlio Vargas Foundation, and BRUNO FUNCHAL, Getúlio Vargas Foundation--How Much Debtors' Punishment?

 

MARZENA ROSTEK and MAREK WERETKA, Yale University--Institutional Investors and CAPM

 

YINGYAO HU, University of Texas, and WEI TAN, State University of New York-Stony Brook--Empirical Testing of Adverse Selection and Moral Hazard in the Consumer Credit Card Market

 

ROD GARRATT, University of California-Santa Barbara, and TODD KEISTER, Federal Reserve Bank of New York--Bank Runs as Coordination Failures: An Experimental Study

 

 

Jan. 5, 8:00 am

ES

 

Microeconometrics

 

Presiding:  IVAN FERNANDEZ-VAL, Boston University

 

YONGMIAO HONG and WENJIE ZHANG, Cornell University--An Improved Nonparametric Entropy Estimator for Serial Dependence

 

TIEMEN WOUTERSEN, Johns Hopkins University--A Simple Way to Calculate Confidence Intervals for Partially Identified Parameters

 

BRENT KREIDER, Iowa State University, and JOHN PEPPER, University of Virginia--Identification of Binary Outcome Distributions with Multiplicative Contamination

 

IVAN FERNANDEZ-VAL, Boston University, and FRANK VELLA, Georgetown University--Bias Corrections for Two-Step Fixed Effects Panel Data Estimators

 

 

Jan. 5, 8:00 am

ES

 

Semiparametric/Nonsemiparametic Methods 

 

Presiding: ERIC RENAULT, University of North Carolina

 

MICHAEL JANSSON, University of California-Berkeley--Semiparametric Power Envelopes for Tests of the Unit Root Hypothesis

 

MATTHEW HARDING, Massachusetts Institute of Technology and Harvard University, and JERRY HAUSMAN, Massachusetts Institute of Technology--Semi-Parametric Estimation of the Taste Distribution in Random Coefficients Logit Models

 

THOMAS A. SEVERINI, Northwestern University, and GAUTAM TRIPATHI, University of Connecticut—Estimating Linear Functionals of Nonparametric Regression Models with Endogenous Regressors

 

MARINE CARRASCO, Universite de Montreal--Instrumental Variables Estimators Based on Principal Components

 

 

Jan. 5, 8:00 am

ES

 

Empirical and Experimental Studies of Strategic Voting

 

Presiding:  JOHN DUFFY, University of Pittsburgh

 

DAVID K. LEVINE, Washington University-St. Louis, and THOMAS PALFREY, Princeton University-- The Paradox of Voter Participation: An Experimental Study

 

JOHN DUFFY, University of Pittsburgh, and MARGIT TAVITS, University of Missouri--Beliefs and Voting Decisions: A Test of the Pivotal Voter Model

 

MARCO BATTAGLINI, Princeton University, REBECCA MORTON, New York University, and
THOMAS PALFREY, Princeton University--The Swing Voter's Curse in the Laboratory

 

STEPHEN COATE, Cornell University, MICHAEL CONLIN, Michigan State University, and ANDREA MORO, Federal Reserve Bank of New York--The Performance of the Pivotal Voter Model in Small-scale Elections: Evidence from Texas Liquor Referenda

 

Discussants: MICHAEL CONLIN, Michigan State University

MARCO BATTAGLINI, Princeton University

JOHN DUFFY, University of Pittsburgh

DAVID K. LEVINE, Washington University-St. Louis

 

 

Jan. 5, 8:00 am

ES

 

Wage Dynamics

 

Presiding: JEAN-MARC ROBIN, Universite Paris 1, University College London, IFS and CEPR

 

HAMISH LOW, University of Cambridge, COSTAS MEGHIR, University College London,
and LUIGI PISTAFERRI, Stanford University--Wage Risk and Employment Risk over the Life Cycle

 

JOSEPH G. ALTONJI, ANTHONY A. SMITH, and IVAN VIDANGOS, Yale University-- Modeling Earnings Dynamics

 

JESPER BAGGER, University of Aarhus, FRANCOIS FONTAINE, University of Strasbourg,
FABIEN POSTEL-VINAY, University of Bristol and PSE, JEAN-MARC ROBIN, Universite Paris 1 and University College London--A Feasible Equilibrium Model of Individual Wage Dynamics With Human Capital Accumulation

 

MAGALI BEFFY, CREST-INSEE, MOSHE BUCHINSKY, University of California-Los Angeles,
DENIS FOUGÈRE, CREST-INSEE, THIERRY KAMIONKA , CREST-INSEE and FRANCIS KRAMARZ, CREST-INSEE--The Returns to Seniority in France (and Why Are They Lower than in the U.S)

 

 

Jan. 5, 8:00 am

ES

 

Firms’ Behavior, Financial Imperfections, and the Macroeconomy

 

Presiding:  VIVIAN ZHANWEI YUE, New York University

 

VIVIAN ZHANWEI YUE, New York University, and URBAN JERMANN, University of Pennsylvania--Interest Rate Swaps and Corporate Swap

 

CRISTINA ARELLANO, University of Minnesota, YAN BAI, Arizona State University, and
JING ZHANG, University of Michigan--Enforcement, Incomplete Contracts and Firms

 

MIKLOS KOREN, Federal Reserve Bank of New York, LASZLO HALPERN, Hungarian Academy of Sciences, and ADAM SZEIDL, University of California-Berkeley--Imports and Productivity

 

ESPEN HENRIKSEN, University of Oslo--Post-war Capital Restrictions, Demographics and Welfare Costs

 

Discussants: ADRIEN VERDELHAN, Boston University

ERWAN QUINTIN, Federal Reserve Bank of Dallas

DOIREANN FITZGERALD, University of California-Santa Cruz

MARCELO OVIEDO, Iowa State University

 

 

Jan. 5, 8:00 am

HERO

 

The Economics of Obesity

 

Presiding: TOMAS PHILIPSON, University of Chicago

 

      JOHN CAWLEY, JOHN MORAN, and KOSALI SIMON, Cornell University—You Can Never Be Too Rich or Too Thin

 

      JAY BHATTACHARYA and KATE BUNDORF, Stanford University—Incidence of Health Care Costs of Obesity

 

      LAN LIANG and BARBARA SCHONE, Agency for Healthcare Research and Quality—Health Insurance and Obesity

 

Discussants: DIANE WHITEMORE-SCHANZENBACH, University of Chicago

      JESSE SHAPIRO, University of Chicago

      MICHAEL GROSSMAN, City University of New York

 

 

Jan. 5, 8:00 am

HES

 

The Nature and Significance of Economic Science: Robbins’ Essay, 75 Years On (B2)

 

Presiding: BRADLEY W. BATEMAN, Grinnell College

 

SUSAN HOWSON, University of Toronto--The Making of Robbins’ Essay

 

ROGER E. BACKHOUSE, University of Birmingham, and STEVEN G. MEDEMA, University of Colorado-Denver--Defining Economics: Robbins’ Essay in Theory and Practice

 

GARY S. BECKER, University of Chicago--Robbins’ Essay and the Scope of Economics

 

WILLIAM BAUMOL, New York University—The Essay: Static Versus Intertemporal Welfare Issues

 

 

Jan. 5, 8:00 am

LERA

 

Representing Workers without Majority Union Status: Why Not? Why Now?

                                               

Presiding: ROBERT BRUNO, University of Illinois-Urbana Champaign

 

      STEVE YOKICH, Cornfield and Feldman

      MARVIN GITTLER, Asher, Gittler, Greenfield & D’Alba

      LAURIE BURGESS, Katz, Freidman, Eagle, Eisenstein & Johnson

      ANDY KRAMER, Jones Day

      TONY DOMBROW, Laner Muchin

      KEITH KELLEHER, SEIU Local 880

 

 

Jan. 5, 8:00 am

LERA

 

Work Organization in Healthcare: Organizing for Superior Patient Care

 

Presiding: DANA WEINBERG, Queen’s College

 

TIMOTHY VOGUS, Vanderbilt University—Organizing for Patient Safety on Hospital Nursing Units

 

JODY HOFFER GITTELL, Brandeis University—Coordinating Patient Care: A Social Capital Model of High Performance Work Systems

 

SAUL RUBINSTEIN and CHARLES HECKSCHER, Rutgers University—Organizational Collaboration and the Quality of Health Care Delivery

 

ANN FROST, University of Western Ontario, BRIAN GOLDEN, University of Toronto, and CLAUDIO MARTIN, University of Western Ontario—Coordinating Patient Care in the Intensive Care Unit

 

Discussant: SUZANNE GORDON

 

 

Jan. 5, 8:00 am

LERA

 

AILR/LERA Best Papers

 

Presiding: BRUCE KAUFMAN, Georgia State University

 

BEN DUNFORD, DEIDRA SCHLEICHER, and LIANG ZHU, Purdue University--Consequences of Employee Investments in Company Stock: More Harm than Good or Just Unnecessary

 

VIDU BADIGANNAVAR, University of Birmingham--Does Labor-Management Partnership Deliver Mutual Gains? Evidence from the UK Public Service

 

PAUL WILLMAN and ALEX BRYSON, London School of Economics--Accounting for Collective Action: Resource Acquisition and Mobilization in British Unions

 

PATRICE JALETTE, University of Montreal, and ROBERT HEBDON, McGill University--Union Response to Public Sector Restructuring: Strategic Choices or Single-Minded Opposition?

 

CRAIG MACMILLAN, Macquarie University--Internal Labor Markets: An Institutional Perspective on Recent Research in Personnel Economics

 

      DANIELLE VAN JAARSVELD, University of British Columbia--Boom & Bust:  Lessons from the IT Workforce

 

 

Jan. 5, 8:00 am

MEEA

 

Exchange Rate Regimes and Economic Performance in the Middle East and North Africa (F3)

 

Presiding: ADAM B. ELHIRAIKA, United Nations Economic Commission for Africa

 

MAHMOUD ABDELBAKY, Southern Illinois University--Identifying “De-Facto” Exchange Rate Regimes in MENA (An Alternative Markov Switching Approach)

 

ELIAS EL-ACHKAR, Association of Banks in Lebanon, and WASSIM SHAHIN, Lebanese American University--Conventional Fixed Peg Arrangements and Price Stability in Select MENA Countries

 

MOHAMED BENBOUZIANE and ABDELHAK BENAMAR, University of Tlemcen, Algeria--The Impact of Exchange Rate Regimes on the Real

 

BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Reconciling Monetary Policy and Exchange Rate Policy to Enhance Growth: Application to Egypt

 

HAWKAT HAMMOUDEH, Drexel University, and EISA ALEISA, International Monetary Fund--A Common Currency Peg in the GCC Area: The Optimal Choice of Exchange Rate Regime

 

Discussants: JAY SQUALLI, Zayed University, UAE

RIZA DEMIRER, Southern Illinois University-Edwardsville

ALI F. DARRAT, Louisiana Tech University

A.YASEMIN YALTA, Fordham University

VUSLAT US, Central Bank of Turkey

 

 

Jan. 5, 8:00 am

NEA

 

Crime, Criminal Justice, and African Americans (D0)

 

Presiding:  JOHN A. KARIKARI, U.S. Government Accountability Office

 

KWABENA GYIMAH-BREMPONG, University of South Florida, and JULIET ELU, Spelman College--Does Affirmative Action in Policing Increase Crime?

 
GREGORY PRICE, Jackson State University--Crime and Obesity
    

PATRICK MASON, Florida State University--Race and Sentencing in the United States       

 

GREGORY PRICE, Jackson State University--Broken Windows in the ‘Hood: Crime and Housing Characteristics

 

Discussants: JOHN A. KARIKARI, U.S. Government Accountability Office

ELIZABETH ASIEDU, University of Kansas

SUSAN FEINER, University of Southern Maine
JULIET ELU, Spelman College

 

 

Jan. 5, 8:00 am

NAEFA

 

Industrial Organization  (L0)

 

Presiding: MUHAMMAD MUSTAFA, South Carolina State University

 

JAMES A. BROX, University of Waterloo--Investment in Information and Communications Technology and the Canadian Productivity Gap

 

LUIS SAN VICENTE PORTES, Montclair State University--Multinational Corporations and the Moderation of U.S. Output Volatility

 

STEPHEN RUBB, Sacred Heart University, and MICHAEL A. QUINN, Bentley College--Education-Occupation Matching and Family Migration in the United States

 

JOSHUA J. LEWER, West Texas A&S University--Growth Determinants for Columbia: National and Regional panel Data Evidence, 1964-2002

 

BRADLEY T. EWING, Rawls College of Business, and PHANINDRA V. WUNNAVA, Middlebury College—Characterizing the Long-Run Relationship between Union and Non-Union Wages in a Vector Error Correction Framework

 

Discussants: MEHDI HARIRIAN, Bloomsburg University

KWAN KIM, University of Notre Dame

MATIUR RAHMAN, McNeese State University

 

 

Jan. 5, 8:00 am

SGE

 

Child Care and the American Time Use Survey

 

Presiding: CHARLENE M. KALENKOSKI, Ohio University

 

      CHARLENE M. KALENKOSKI, Ohio University, DAVID C. RIBAR, George Washington University, and LESLIE S. STRATTON, Virginia Commonwealth University--Family Structure and Adolescents’ Time Use

 

JEAN KIMMEL, Western Michigan University, and RACHEL CONNELLY, Bowdoin College--Time Allocation in a Family Setting:  Constructing Synthetic Couples with the ATUS

 

MARY DORINDA ALLARD, U.S. Bureau of Labor Statistics, SUZANNE BIANCHI, University of Maryland, and JAY STEWART, U.S. Bureau of Labor Statistics--How Does Employment Affect the Timing of Time with Children?

 

ANNE E. WINKLER and THOMAS R. IRELAND, University of Missouri-St. Louis--Time Spent in Household Management: Implications for Forensic Economic Analysis

 

Discussants: NANCY FOLBRE, University of Massachusetts

LESLIE STRATTON, Virginia Commonwealth University

IRINA PALEY, U.S. Department of the Treasury

SABRINA PABILONIA, U.S. Bureau of Labor Statistics

 

 

Jan. 5, 8:00 am

URPE

 

Current Trends in Turkish Economy (P5)

 

Presiding:  BENAN ERES, Ankara University, Turkey

 

OZGE OZAY, University of Utah—Price-Wage Determination Mechanisms in the Turkish Textile Sector: 1980-2005

 

EMEL MEMIS, University of Utah—A Sectoral Analysis of Wages and Profitability Trends Under the Export- Led Regime in the Turkish Manufacturing Industry

     

OZGE IZDES, University of Utah—Evolution of Labor Market in the Structural Adjustment Era- Case of Turkey

 

OZDEN BIRKAN, University of Utah—Alternative Measures of Currency Substitution in Turkey

 

Discussant: BENAN ERES, Ankara University, Turkey

 

 

Jan. 5, 8:00 am

URPE/IAFFE

Gender and Development: Assessing Investments, Empowerment Strategies, and

Measuring Women’s Progress (O1)

 

Presiding:  GUNSELI BERIK, University of Utah

     

CAREN GROWN, DIANE ELSON, Levy Economics Institute at Bard College, CHANDRIKA BAHADUR, and JESSIE HANDBURY, UN Millennium Project—The Financial Requirements of Achieving Gender Equality and Women’s Empowerment in Low Income Countries

     

RAMYA M. VIJAYA, Richard Stockton College—Trade, Jobs, and Gender Trends

 

SUCHARITA SINHA, University of California-Riverside—The Conundrum of Development: Increasing Literacy and Female Disadvantage in Urban India

 

FARIDA C. KHAN, University of Wisconsin-Parkside—Localizing Gender Development Indices: The South Asian Particular

 

Discussants: GUNSELI BERIK, University of Utah

      JERRY EPSTEIN, University of Massachusetts-Amherst

      STEPHANIE SEGUINO, University of Vermont

 

 

Jan. 5, 10:15 am

AFEA

 

Institutions, Policy and Micro and Sectoral Performance in African Countries

 

Presiding: OLADELE OMOSEGBON, Indiana Wesleyan University

 

      MESFIN BEZUNEH and ZELEALEM YIHEYIS, Clark Atlanta University—Has Trade Liberalization Reduced the Incidence of Malnutrition in Developing Countries?

 

      KWABIA BOATENG, UNECA—Higher Education and the Labor Market: A Logical Framework for Policy Makers in Africa’s Education Sector

 

      MINA BALIAMOUNE-LUTZ, University of North Florida, and LEONCE NDIKUMANA, University of Massachusetts—The Growth Effects of Openness to Trade and the Role of Institutions: The Case of Sub-Saharan Africa

 

      ELIZABETH ASIEDU, University of Kansas, and BOAZ NANDWA, Yale University—Explaining the Differences in HIV/AIDS Infection Rates in Sub-Saharan Africa

 

Discussants: DANIEL GBETNKOM, University of Yaounde II

      MESHACH AZIAKPONO, Rhodes University, South Africa

      AKPAN H. EKPO, University of Uyo, Nigeria

      ALADELE OMOSSEGBON, Indiana Wesleyan University

 

 

Jan. 5, 10:15 am

AAEA

 

Wealth Dynamics, Risk Preferences, and Threshold Effects (Q1)

 

Presiding: TRAVIS J. LYBBERT, University of California-Davis

 

TRAVIS J. LYBBERT, University of California-Davis, and  CHRISTOPHER B. BARRETT, Cornell University—Risk Responses to Dynamic Asset Thresholds

 

DAVID BUSCHENA, JOSEPH ATWOOD, Montana State University,and DAVID ZILBERMAN, University of California-Berkeley—Risk Attitudes for Income under Discrete Status Levels, with Application to Financial Transaction Costs

 

DAVID R. JUST, Cornell University--Wealth as Welfare: Are Wealth Thresholds Behind Persistent Poverty?

 

Discussant: MICHAEL CARTER, University of Wisconsin-Madison

 

 

Jan. 5, 10:15 am

AEA

 

Capital Market Frictions (G1)

 

Presiding: LASSE HEJE PEDERSEN, New York University

 

      MARK SEASHOLES and TERRENCE HENDERSHOTT, University of California-Berkeley—Market Maker Inventories and Stock Prices

 

      LASSE HEJE PEDERSEN, New York University—Capital Flows and Corporate Bond Yields

 

      ADAM ASHCRAFT, Federal Reserve Bank of New York, and DARRELL DUFFIE, Stanford University—Systemic Illiquidity in the Federal Funds Market

 

Discussants: GIDEON SAAR, Cornell University

      HONGJUN YAN, Yale University

      GUILLAUME PLANTIN, London Business School

 

 

Jan. 5, 10:15 am

AEA

 

The Interrelationship between Cognitive and Non-Cognitive Skills (J3)

 

Presiding: GARY S. BECKER, University of Chicago

 

      FLAVIO CUNHA and JAMES HECKMAN, University of Chicago—The Evolution of Cognitive and Non-Cognitive Skills over the Lifecycle of the Child

 

      LEX BORGHANS, HUUB MEIJERS, and BAS TER WEEL, Maastricht University—The Importance of Non-Cognitive Skills for Cognitive Test Scores

 

      SHANE FREDERICK, Massachusetts Institute of Technology—Cognitive Reflection and Decision Making

 

Discussants: LEX BORGHANS, Maastricht University

      BRIAN A. JACOB, Harvard University

      CATHERINE J. WEINBERGER, University of California-Santa Barbara

 

 

Jan. 5, 10:15 am

AEA

 

Behavioral Game Theory (C9)

 

Presiding: JOSEPH TAO-YI WANG, California Institute of Technology

 

      JOSEPH TAO-YI WANG, MORAN SURF, and COLIN F. CAMERER, California Institute of Technology—Studying Learning in Games Using Eye-Tracking

 

      MIGUEL A. COSTA-GOMES, University of York, and VINCENT P. CRAWFORD, University of California-San Diego—Studying Cognition by Monitoring Information Search in Guessing Games

 

      MEGHANA BHATT, California Institute of Technology, TERRY LOHRENZ, READ MONTAGUE, Baylor College of Medicine,  and COLIN F. CAMERER, California Institute of Technology—The Neural Mechanisms of Second Order Belief and Deception in Bargaining Games with Cheap Talk

 

Discussants: VINCENT P. CRAWFORD, University of California-San Diego

      COLIN F. CAMERER, California Institute of Technology

      DAVID K. LEVINE, University of California-Los Angeles

 

 

Jan. 5, 10:15 am

AEA

 

Intrinsic Motivation, Organization and Institutions

 

Presiding: PAUL GROUT, University of Bristol

 

TIMOTHY BESLEY and MAITREESH GHATAK, London School of Economics—Organization Design with Motivated Agents

 

      PATRICK FRANCOIS, University of British Columbia—Norms and Institutional Change

 

PAUL GROUT, University of Bristol, and WENDELIN SCHNEDLER, University of Heidelberg—Why is Donated Labor in Organizations So Delicate?

 

      SHEEN S. LEVINE, Singapore Management University, and EDWARD J. ZAJAC, Northwestern University—The Social Life of Financial Bubbles

 

 

Jan. 5, 10:15 am

AEA

 

Asymmetric Information and Moral Hazard in Insurance Markets (D8)

 

Presiding: HANMING FANG, Yale University

 

      PATRICK BAJARI, University of Minnesota, HAN HONG, and AHMED KHWAJA, Duke University—Semiparametric Analysis of Adverse Selection and Moral Hazard in Health Insurance Contracts

 

      AMY FINKELSTEIN and JAMES POTERBA, Massachusetts Institute of Technology—Testing for Adverse Selection with “Unused Observables”

 

      LIRAN EINAV, Stanford University, and AMY FINKELSTEIN, Massachusetts Institute of Technology—The Costs and Benefits of Choice in Social Insurance: Evidence from the UK Annuity Market

 

      HANMING FANG, Yale University, MICHAEL KEANE, University of Technology, Australia, and DAN SILVERMAN, University of Michigan—Sources of Advantageous Selection: Evidence from the Medigap Insurance Market

 

Discussants: SUSUMU IMAI, Queens University, Canada

      LIMOR GOLAN, Carnegie Mellon University

      ALESSANDRO LIZERRI, New York University

      JEFFREY BROWN, University of Illinois-Urbana-Champaign

 

 

Jan. 5, 10:15 am

AEA

 

Capital Flows and Productivity (F2)

 

Presiding: SEBNEM KALEMLI-OZCAN, University of Houston and NBER

 

      SEBNEM KALEMLI-OZCAN, University of Houston and NBER, MEHMET EKINCI, University of Rochester, and BENT SORENSEN, University of Houston—Wny Are Capital Flows between Regions So Different from Capital Flows between Countries? Evidence from Europe

 

      AYHAN KOSE, ESWAR PRASAD, and MARCO TERRONES, International Monetary Fund—How Does Globalization Effect Risk Sharing? Patterns and Channels

 

      PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley and NBER, and OLIVIER JEANNE, International Monetary Fund—Capital Flows to Developing Countries: The Allocation Puzzle

 

      TATIANA DIDIER, ROBERTO RIGOBON, Massachusetts Institute of Technology, and SERGIO SCHMUKLER, World Bank—Unexploited Gains from International Diversification

 

Discussants: PHILIP HARTMAN, European Central Bank

      PETER BLAIR HENRY, Stanford Business School and NBER

      FABIO GHIRONI, Boston College and NBER

      MICHAEL KLEIN, Tufts University and NBER

 

 

Jan. 5, 10:15 am

AEA

 

Household Finance: Cognition and Decision Making (D9)

 

Presiding: CHRISTOPHER SNYDER, Dartmouth College

 

      VICTOR STANGO and JONATHAN ZINMAN, Dartmouth College—Fuzzy Math and Red Ink: Payment/Interest Bias and Household Finance

 

      DANIEL BENJAMIN, Harvard University, and JESSE SHAPIRO, University of Chicago—Who is “Behavioral”? Cognitive Ability and Anomalous Preferences

 

      ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of Pennsylvania—Financial Illiteracy and Planning: Implications for Retirement Well-Being

 

Discussants: XAVIER GABAIX, Massachusetts Institute of Technology

      PHILIP BOND, University of Pennsylvania

      STEFANO DELLAVIGNA, University of California-Berkeley

 

 

Jan. 5, 10:15 am

AEA

 

Structural Change and the Decline in Manufacturing (O1)

 

Presiding: FRANCISCO BUERA, Northwestern University

 

      DARON ACEMOGLU and VERONICA GUERRIERI, Massachusetts Institute of Technology—Capital Deepening and Non-Balanced Economic Growth

 

      FRANCISCO BUERA, Northwestern University, and JOSEPH KABOSKI, Ohio State University—Scale Economies and Structural Change

 

      KIMINORI MATSUYAMA, Northwestern University—Productivity-Based Theory of Manufacturing Employment Decline: An International Perspective

 

      RACHEL NGAI and CHRISTOPHER PISSARIDES, London School of Economics—Trends in Hours and Economic Growth

 

 

Jan. 5, 10:15 am

AEA

 

Productivity-Enhancing Reallocation: Comparative International Evidence (O5)

 

Presiding: JOHN EARLE, Upjohn Institute for Employment Research and Central European University

 

      ERIC BARTELSMAN, Free University of Amsterdam, JOHN HALTIWANGER, University of Maryland, and STEFANO SCARPETTA, World Bank—Reallocation and Productivity Growth: The FAQs

 

      ALVARO ESCRIBANO, Universidad Carlos III Madrid, and J. LUIS GUASCH, World Bank—Assessing the Impact of the Investment Climate on Productivity Using Firm-Level Data: Methodology

 

      HELENA SCHWEIGER, European Bank for Reconstruction and Development—The Impact of State Aid for Restructuring on the Allocation of Resources

 

      J. DAVID BROWN, Heriot-Watt University, JOHN EARLE, Upjohn Institute for Employment Research and Central European University—Productivity-Enhancing Reallocation under Socialism and in Transition: A Comparative International Study

 

Discussants: MARK DOMS, Federal Reserve Bank of San Francisco

      ERIC BARTELSMAN, Free University of Amsterdam

      CHAD SYVERSON, University of Chicago

      ARIEL PAKES, Harvard University

 

 

Jan. 5, 10:15 am

AEA

 

Wars, Finance, and War Finance (E6, N4)

 

Presiding: SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank

 

      FARLEY GRUBB, University of Delaware—The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton’s Blessing or the Spoils of War?

 

      WILLIAM SILBER, New York University—The Great Financial Crisis of 1914: What Can We Learn from Aldrich-Vreeland Emergency Currrency?

 

      SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank, and JIM NASON, Federal Reserve Bank of Atlanta—WWI Finance and the UK Interwar Depression

 

      EUGENE WHITE, FILIPPO OCCHINO, Rutgers University, and KIM OOSTERLINCK, Solvay Business School, Free University Brussels—How Occupied France Financed Its Own Exploitation in World War II

 

 

Jan. 5, 10:15 am

AEA

 

New Approaches to International Trade (F1)

 

Presiding: ANDREW ATKESON, University of California-Los Angeles

 

      JONATHAN EATON, New York University, ROBERT DEKLE, University of Southern California, and SAMUEL KORTUM, University of Minnesota—New Configurations of Global Production and Trade: Implications of China’s Emergence

 

      FLORIN BILBLIE, Oxford University, FABIO GHIRONI, Boston College, and MARC MELITZ, Harvard University—Trade Flow Dynamics with Heterogeneous Firms

 

      ANDREW ATKESON and ARIEL BURSTEIN, University of California-Los Angeles—Pricing to Market with Heterogeneous Firms

 

Discussants: HUGO HOPEHAYN, University of California-Los Angeles

      CHANG-TAI HSIEH, University of California-Berkeley

      GITA GOPINATH, Harvard University

 

 

Jan. 5, 10:15 am

AEA

 

K-12 Economic and Financial Literacy Education

 

Presiding: ELIZABETH WEBBINK, National Council on Economic Education

 

      ROBERT F. HODGIN, University of Houston-Clear Lake, STEVEN L. COBB, University of North Texas, and ALBERTO DAVILA, University of Texas-Pan American—Field Testing Novel Digital Learning Modules for Economics in the Third Millennium

 

      PAUL W. GRIMES, MEGHAN MILLEA, and M. KATHLEEN THOMAS, Mississippi State University—Establishing a Baseline Measure of Teacher Economic Literacy in Mississippi

 

      JOHN R. SWINTON, Georgia College & State University, BENJAMIN P. SCAFIDI, JR., Georgia State University, and THOMAS W. DE BERRY, North Georgia College & State University—Evaluation on Effectiveness of Workshops Offered by the Georgia Council on Economic Education

 

      CYNTHIA L. HARTER and JOHN F.R. HARTER, Eastern Kentucky University—Assessing the Effectiveness of Financial Fitness for Life in Eastern Kentucky

 

Discussants: RICHARD A. MACDONALD, St. Cloud State University

      JANE LOPUS, California State University-East Bay

      WILLIAM BOSSHARDT, Florida Atlantic University

      HELEN H. ROBERTS, University of Illinois-Chicago

 

 

Jan. 5, 10:15 am

AEA

 

75th Anniversary of Hicks’ Introduction of the Elasticity of Substitution between Labor and Capital

 

Presiding: ROBERT CHIRINKO, Emory University

 

      RAINER KLUMP, Frankfurt University, PETER MCADAM, and ALPO WILLMAN, European Central Bank—A Supply Side Diagnosis of Growth in the Euro Area (1970-2005): Factor Substitution Technology, Productivity and Unemployment

 

      DEBDULAL MALLICK, Emory University—What Role for the Elasticity of Substitution in Economic Growth? A Cross-Country Test of the de la Grandville Hypothesis

 

      SIMON PRICE, Bank of England, and SEBASTIAN BARNES, OECD—Long-Run Estimates of the Elasticity of Substitution Using UK Firm-Level Data

 

      ROBERT CHIRINKO and DEBDULAL MALLICK, Emory University—The Substitution Elasticity, Growth Theory, and the Low-Pass Filter Panel Model

 

Discussants: NILS GOTTFRIES, Uppsala University

      ELMER STERKEN, University of Groningen

      GIOVANNI URGA, Cass Business School

      ROBERT SOLOW, Massachusetts Institute of Technology

 

 

Jan. 5, 10:15 am

AEA

 

Parties and Politicians (D7)

 

Presiding: ANTONIO MERLO, University of Pennsylvania

 

      DAN BERNHARDT, University of Illinois-Urbana-Champaign, LARISSA CAMPUZANO, Mathematica Policy Research, and FRANCESCO SQUINTANI, University College London—On the Benefits of Party Competition

 

      ERNESTO DAL BO, University of California-Berkeley, PEDRO DAL BO, Brown University, and JASON SNYDER, Northwestern University—Running in the Family? Dynastic Transmission of Political Power in the U.S. Congress 1789-1996

 

      ANDREA MATTOZZI, California Institute of Technology, and ANTONIO MERLO, University of Pennsylvania—Political Careers or Career Politicians

 

 

Jan. 5, 10:15 am

AEA

 

Issues in Family/Household Decision Making

 

Presiding: GAIL HOYT, University of Kentucky

 

      SABRINA PABILONIA, U.S. Bureau of Labor Statistics, and JENNIFER WARD-BATTS, Claremont McKenna College—The Effect of Child Gender on Parent’s Labor Supply: An Examination of Natives, Immigrants, and Their Children

 

      LUCIE SCHMIDT, Williams College, and PURVI SEVAK, Hunter College—Marriage Delay and Private Saving

 

      KASEY BUCKLES, University of Notre Dame—Adoption Subsidies and Adoption Outcomes: An Instrumental Variables Approach

 

      TERRA MCKINNISH, University of Colorado-Boulder—Earnings and Spousal Mobility: Power Couples and Trailing Spouses

 

Discussants: KRISTIN BUTCHER, Federal Reserve Bank of Chicago

      JIM ZILIAK, University of Kentucky

      DAN BLACK, Syracuse University

      MATTHEW KAHN, Tufts University

 

 

Jan. 5, 10:15 am

AEA

 

Field Experiments on Charitable Giving (C9)

 

Presiding: DAVID REILEY, University of Arizona

 

      DEAN KARLAN, Yale University, and JOHN LIST, University of Chicago—Does Price Matter in Charitable Giving?

 

      CATHERINE ECKEL, University of Texas-Dallas, and PHILIP GROSSMAN, St. Cloud State University—Charitable Giving to a University: Do Subsidies Increase Donations?

 

      RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana University—Motivations for Giving: Field and Survey Data

 

Discussants: DAVID REILEY, University of Arizona

      STEPHAN MEIER, Federal Reserve Bank of Boston

      LISE VESTERLUND, University of Pittsburgh

 

 

Jan. 5, 10:15 am

AEA

 

Contracts and Fairness (D2, D6)

 

Presiding: ULRIKE MALMENDIER, Stanford University

 

      ERNST FEHR, University of Zurich, and KLAUS SCHMIDT, University of Munich—Adding a Stick to the Carrot? The Interaction of Bonuses and Fines

 

      OLIVER HART, Harvard University, and JOHN HARDMAN MOORE, University of Edinburgh—Flexible versus Rigid Contracts

 

      W. BENTLEY MACLEOD, Columbia University—Social Preferences and the Time Structure of Relational Contracts

 

Discussants: JEREMY STEIN, Harvard University

      PATRICK BOLTON, Columbia University

      ROBERT GIBBONS, Massachusetts Institute of Technology

 

 

Jan. 5, 10:15 am

AEA

 

The Relationship between Education and Well-Being (I2)

 

Presiding: JOSHUA ANGRIST, Massachusetts Institute of Technology

 

      ADRIANA LLERAS-MUNEY, Princeton University, and DAVID CUTLER, Harvard University—Education and Health: Evaluating Theories and Evidence

 

      SUSAN DYNARSKI, Harvard University—How Does College Change Women’s Lives?

 

      PHILIP OREOPOULOS, University of Toronto—Wealth and Happiness from Compulsory Schooling: Recent Evidence from Raising the School Leaving Age to 18 in the United States

 

      MAKI UEYAMA, DEAN LILLARD, and KOSALI SIMON, Cornell University—How Does Parental Education Affect Child Health?

 

Discussants: MICHAEL GROSSMAN, City University of New York

      LAWRENCE KATZ, Harvard University

      JOSHUA ANGRIST, Massachusetts Institute of Technology

      ADRIANA LLERAS-MUNEY, Princeton University

 

 

Jan. 5, 10:15 am

AEA

 

What Should Development Economists Know? (O1)

 

Presiding: MARTIN FELDSTEIN, Harvard University and NBER

 

      ARNOLD HARBERGER, University of California-Los Angeles—Can We Identify the Basic Tools Needed for Policy Analysis in Developing Countries?

 

      SIMON JOHNSON, International Monetary Fund—Avoiding the See-Saws of Development Policy

 

      ANNE KRUEGER, International Monetary Fund—Understanding Context and Interlinkages in Development Policy Formulation and Implementation

 

Discussants: SEBASTIAN EDWARDS, University of California-Los Angeles

      ABHIJIT BANERJEE, Massachusetts Institute of Technology

 

 

Jan. 5, 10:15 am

AEA/AREUEA

 

Real Estate Markets and Performance

 

Presiding: KARL E. CASE, Wellesley College

 

      FRANK NOTHAFT and AMY CREWS CUTTS, Freddie Mac—Up in ARMS: The Interplay of Mortgage and Housing Markets

 

      KARL CASE, Wellesley College, and JOHN QUIGLEY, University of California-Berkeley—Housing Markets and the Real Economy: Demographics and the Cycle

 

      JEFFREY D. FISHER, Indiana University, DAVID LING, and ANDY NARANJO, University of Florida—Returns and Capital Flow Cycles for Commercial Real Estate

 

      ANTHONY SANDERS, Ohio State University—Forward Markets in Housing Prices: What Have We Learned?

 

Discussants: KERRY VANDELL, University of California-Irvine

      CHRIS MAYER, Columbia University

      STUART GABRIEL, University of Southern California

      WILLIAM GOETZMANN, Yale University

 

 

Jan. 5, 10:15 am

AEA/HERO

 

Economics of Medical Care “Report Cards”

 

Presiding: DONALD E. YETT, University of Southern California

 

      LORENS HELMCHEN and ANTHONY T. LOSASSO, University of Illinois-Chicago—How Much Performance Can P4P Buy?

 

      LEEMORE DAFNY and DAVID DRANOVE, Northwestern University—Do Report Cards Tell Consumers Anything They Don’t Already Know?

 

      DENNIS SCANLON, Pennsylvania State University, JON CHRISTIANSON, University of Minnesota, and RICHARD LINDROOTH, Medical University of South Carolina—The Effect of a Hospital Safety Incentive and Hospital Reports in an Employed Population

 

Discussants: DAVID MELTZER, University of Chicago

      JAY BHATTACHARYA, Stanford University

      KIMBERLY RASK, Emory University

 

 

Jan. 5, 10:15 am

AFA

 

Governance Trade-Offs

 

Presiding: DANIEL WOLFENZON, New York University

     

      MARIA GUADALUPE and FRANCISCO PEREZ-GONZALEZ, Columbia University—The Impact of Product Market Competition on Private Benefits of Control

 

      ROBERT B.H. HAUSWALD, American University, and ROBERT MARQUEZ, University of Maryland—Governance Mechanisms and Corporate Disclosure

 

      XAVIER GABAIX, Massachusetts Institute of Technology, and AUGUSTIN LANDIER, New York University—Why Has CEO Pay Increased So Much?

 

Discussants: MATIAS BRAUN, University of California-Los Angeles

      NITTAI BERGMAN, Massachusetts Institute of Technology

      STEVEN KAPLAN, University of Chicago

 

 

Jan. 5, 10:15 am

AFA

 

Behavior of Individual Investors

 

Presiding: TERRANCE ODEAN, University of California-Berkeley

 

      MARKUS GLASER, THOMAS LANGER, University of Mannheim, JENS REYNDERS, Siemens Management Consulting, and MARTIN WEBER, University of Mannheim—Framing Effects in Stock Market Forecasts: The Difference between Asking for Prices and Asking for Returns

 

      ANDERS ANDERSON, Swedish Institute for Financial Research—Is Online Trading Gambling with Peanuts?

 

      SOEREN HVIDKJAER, University of Maryland—Small Trades and the Cross-Section of Stock Returns

 

Discussants: NING ZHU, Yale University

      L. FRIEDER, Purdue University

      ANDREY UKHOV, Indiana University-Bloomington

 

 

Jan. 5, 10:15 am

AFA

 

Market Efficiency and Professional Investors

 

Presiding: JENNIFER CONRAD, University of North Carolina-Chapel Hill

 

      EKKEHART BOEHMER, Texas A&M University, and ERIC KELLEY, Washington State University—Institutional Investors and the Informational Efficiency of Prices

 

      ZHI DA and ERNST SCHAUMBURG, Northwestern University—Target Prices, Relative Valuations and the Premium for Liquidity Provision

 

      KLAAS BAKS, JEFFREY A. BUSSE, and T. CLIFTON GREEN, Emory University—Fund Managers Who Take Big Bets: Skilled or Overconfident

 

Discussants: CHARLES JONES, Columbia University

      KENT WOMACK, Dartmouth College

      MARK CARHART, Goldman Sachs Group, Inc.

 

 

Jan. 5, 10:15 am

AFA

 

Equity Trading

 

Presiding: CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon University

 

      CHRISTOPHER GECZY and JINGHUA YAN, University of Pennsylvania—Who Are the Beneficiaries When Insiders Trade? An Examination of Piggybacking in the Brokerage Industry

 

      AMBER ANAND, University of Central Florida, SUGATO CHAKRAVARTY, Purdue University, and CHAIRAT CHUWONGANANT, Indiana University-Purdue University-Fort Wayne—Cleaning House: Stock Reassignments on the NYSE

 

      EKKEHART BOEHMER and JULIE WU, Texas A&M University—Order Flow and Prices

 

Discussants: MAHENDRARAJAH NIMALENDRAN, University of Florida

      SHANE CORWIN, University of Notre Dame

      STEWART MAYHEW, Securities and Exchange Commission

     

 

Jan. 5, 10:15 am

AFA

 

Derivatives

 

Presiding: JUN PAN, Massachusetts Institute of Technology

 

      ALESSANDRO BEBER, University of Lausanne, and MICHAEL W. BRANDT, Duke University—Resolving Macroeconomic Uncertainty in Stock and Bond Markets

 

      ROSSEN I.VALKANOV, University of California-Los Angeles, PRADEEP K. YADAV, Lancaster University, and YUZHAO ZHANG, University of California-Los Angeles—Does the Early Exercise Premium Contain Information about Future Underlying Returns?

 

      CAIO ALMEIDA, Ibmec, Parana, JEREMY J. GRAVELINE, and SCOTT JOSLIN, Stanford University—Do Options Contain Information about Excess Bond Returns?

 

Discussants: MICHAEL JOHANNES, Columbia University

      NICOLAS P.B. BOLLEN, Vanderbilt University

      MIKHAIL CHERNOV, Columbia University

 

 

Jan. 5, 10:15 am

AREUEA

 

Urban Spatial Economics

 

Presiding: R. KELLEY PACE, Louisiana State University

 

PETER ENGLUND, Stockholm School of Economics, AKE GUNNELIN, BO SODERBERG, Royal Institute of Technology, and PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University--Asymmetric Behavioral Responses and Adjustment in the Space Market

 

RICHARD W. MARTIN, University of Georgia, and RAPHAEL W. BOSTIC, University of Southern California--Does Housing Affordability Contribute to Spatial Mismatch

 

JUN CHEN, HAIBO HUANG, RUIJUE PENG, and  JINBAO TONG, Property & Portfolio Research, Inc.--Measuring Intertemporal Spatial Evolution of Rents and Prices:  How Do Drivers Differ by Urban Forms

 

DAVID MORRIS FRANKEL, Iowa State University, and OSCAR VOLIJ, Ben Gurion University--Measuring Segregation

 

Discussants: SHAUN BOND, University of Cambridge

      DOUG KRUPKA, Georgia State University

R. KELLEY PACE, Louisiana State University

ELLEN HANAK, Public Policy Institute of California

 

 

Jan. 5, 10:15 am

ACES

 

Comparative Economic Systems at the Regional Level (In memory of John Michael

Montias) (R1)

 

Presiding: WOLFRAM SCHRETTL, Free University of Berlin

 

NICOLA FUCHS-SCHUENDELN and RIMA IZEM, Harvard University--Explaining  Low Levels of Labor Productivity in the Region of Eastern Germany: A Spatial Analysis

 

MONIKA SCHNITZER, Ludwig Maximilian University, Munich, and CLAUDIA BUCH, University of Tuebingen--The Drive for German Cross Regional Investment to Transition Economies

 

ANDREA BOLTHO, Magdalen College, University of Oxford--Why Do Some Regional Differentials Persist and Others Do Not? Italy and Spain Compared

 

JOHN HALL, Portland State University, and UDO LUDWIG, Halle Institute for Economic Research—Convergence Through Migration

 

Discussant: JOHN MARANGOS, Colorado State University

 

 

Jan. 5, 10:15 am

AFEE

 

Social Fabric Matrix for Policy Analysis (B4)

 

Presiding:  F. GREGORY HAYDEN, University of Nebraska-Lincoln

 

STEVEN BOLDUC, Minnesota State University-Moorhead--The Need for and Challenge of

Balancing Public Participation and Scientific Expertise in Ecological Policy Debates: A Social

Fabric Matrix Approach

 

SCOTT T. FULLWILER, Wartburg College, and GEOFFREY ALLEN, TD Ameritrade--Can the Fed Target Inflation? An Institutionalist Approach

 

TRISTAN MARKWELL, University of Nebraska-Lincoln--Microsoft Excel and the Social Fabric Matrix: Corporate Networks and Beyond

 

TARA NATARAJAN, St. Michael’s College--The Industrialization of Indian Agriculture: Deploying a Development Agenda

 

JERRY L. HOFFMAN, Nebraska Coalition for Educational Equity and Adequacy, and F. GREGORY HAYDEN, University of Nebraska-Lincoln--Using the Social Fabric Matrix to Seek Adequacy in Education

 

Discussant: GREGORY HAYDEN, University of Nebraska-Lincoln

 

 

Jan. 5, 10:15 am

AFEE

 

Institutionalism and Comparative Economic Systems (P5)

 

Presiding: DELL CHAMPLIN, Western Washington University

 

ARISTIDIS BITIZENIS, University of Macedonia, Greece and JOHN MARANGOS, Colorado State University--Globalization and Integration-Assisted Transition in Central and Eastern European

Economies

 

CHRISTOS KALANTARIDIS, University of Teesside, UK--Institutional Change in Post-Socialist Regimes: Public Policy and Beyond

 

GEOFFREY SCHNEIDER, Bucknell University--Sweden’s Economic Recovery and the Theory of Comparative Institutional Advantage

 

ERIC HAKE, Eastern Illinois University--The Microfoundations of Comparative Economics

 

RULA QALYOUBI KEMP, University of Wisconsin-Stout, and THOMAS A. KEMP, University of Wisconsin-Eau Claire--Reciprocity in Jordan’s Economy 

 

Discussant:  WILLIAM BARNES, University of Portland

 

 

Jan. 5, 10:15 am

ASE

 

Remembering Robert L. Heilbroner, Social Economist

 

Presiding: INGRID RIMA, Temple University

 

ROBERT W. DIMAND and ROBERT H. KOEHN, Brock University--Heilbroner and Bernstein on Fiscal Policy and the Twin Deficits

 

WILLIAM MILBERG, New School for Social Research--The "New Economy" in The Making of Economic Society

 

CHARLES M. A. CLARK, St. John's University--On Values and Value Theory

 

MATHEW FORSTATER, University of Missouri, Kansas City—Vision, Scenario, Analysis: Instrumental Interpretations for Public Policy

 

Discussant: DEIRDRE MCCLOSKEY, University of Illinois, Chicago and Rotterdam University

 

 

Jan. 5, 10:15 am

ACE

 

The Role of Religion in Twentieth Century Political Economy: Insights from Hayek, Knight, Smith, and Viner

Presiding:  BRADLEY BATEMAN, Grinnell College

 

LAURENCE R. IANNACCONE, George Mason University--Religion and the Economic Order: Insights from Smith, Hayek, and Smith

 

PETER BOETTKE, George Mason University--The Role of Providence in the Social Order: Insights from Jacob Viner

 

KENNETH ELZINGA, University of Virginia, and MATTHEW GIVENS, CHD Meridian--Hayek and Christianity

 

ROSS EMMETT, Michigan State University--Religion and the Limits of Liberalism: Frank H. Knight’s Early Views

 

 

Jan. 5, 10:15 am

AERE

 

The European Union’s Emissions Trading System: A Roundtable Assessment (Q5)

 

Presiding: ROBERT STAVINS, Harvard University

 

FRANK CONVERY, University College Dublin

DENNY ELLERMAN, Massachusetts Institute of Technology

WILLIAM PIZER, Resources for the Future

 

 

Jan. 5, 10:15 am

AFE

 

Corporate Governance and Performance I

 

Presiding:  ANIL MAKHIJA, Ohio State University

 

      KENNETH LEHN, SUKESH PATRO, University of Pittsburgh, and MENGXIN ZHAO, Bentley College--Governance Indices and Valuation Multiples: Which Causes Which?

      N. K. CHIDAMBARAN, DARIUS PALIA, and  YUDAN ZHENG, Rutgers University--Does Better Corporate Governance “Cause” Better Firm Performance?

 

DIANA KNYAZEVA, New York University--Corporate Governance, Analyst Following and Firm Behavior

 

Discussants: TONI M. WHITED, University of Wisconsin

JEFFREY L. COLES, Arizona State University

JAY C. HARTZELL, University of Texas-Austin.

 

 

Jan. 5, 10:15 am

AIES

 

State of the Indian Economy (Roundtable)

 

Presiding: TEJ K. KAUL, Western Illinois University

 

      SUHAS KETKAR, Vanderbilt University

      VAMAN RAO, Western Illinois University

      RAJINDER KOSHAL, Ohio University

      SURESH DESAI, Montclair State University

 

 

Jan. 5, 10:15 am

CEANA

 

Re-Examining the Long-Term Growth Prospects of the Chinese Economy (O1)

 

Presiding: HENRY WAN, Cornell University

 

HENRY WAN, Cornell University--Consistency Checks in Forecasting Chinese Growth

 

KAR YIU WONG, University of Washington--Why Is China Growing So Fast? The Role of Efficient Resource Allocation

 

YING WONG CHEUNG, University of California-Santa Cruz--Renminbi Undervaluation: A Statistical Illusion

 

WING THYE WOO, University of California-Davis--China's Return to a Crowded World Stage: External Constraints and Internal Barriers

 

Discussants: QINGLAI MENG, Chinese University of Hong Kong

BEN-CHIEH LIU, Chicago State University

KEVIN H. ZHANG, Illinois State University

HONG HWANG, National Taiwan University and Research Center for Humanities and Social Sciences Academia Sinica

 

 

Jan. 5, 10:15 am

CS

 

Institutions and History: Land, Trade, and Labor Markets

 

Presiding: WERNER TROESKEN, University of Pittsburgh and NBER

 

      CLIFF BEKAR, Lewis and Clark College, and CLYDE REED, Simon Fraser University—Distributional Dynamic in a Stochastic environment with Tradable Assets: Medieval English Land Markets

 

      JOYCE BURNETTE, Wabash College—Child Day-Laborers in Agriculture: Evidence from Farm Accounts, 1740-1850

 

      ROBERT K. FLECK and F. ANDREW HANSSEN, Montana State University—“Rulers Ruled by Women”: An Economic Analysis of the Rise and Fall of Women’s Rights in Ancient Sparta

 

      OSCAR GELDERBLOM, Universitet Utrecht, and REGINA GRAFE, Nuffield College, Oxford—Towards a Comparative Analsysis of Commercial Institutions in Pre-modern Europe: The Organization of Merchant Communities in Spain and the Low Countries (1250-1650)

 

Discussant: WERNER TROESKEN, University of Pittsburgh and NBER

      MARISTELLA BOTTICINI, Boston University and University of Torino

      J. PETER FERDERER, Macalester College

      JOHN MURRAY, University of Toledo

 

 

Jan. 5, 10:15 am

ES

 

The Modern Workplace: Firm Organization, Worker Training and Job Characteristics

 

Presiding:  PETRA TODD, University of Pennsylvania

 

GERARD PFANN and BEN KRIECHEL, Maastricht University-- Downsizing the Hierarchical Workplace: Evidence on Job Structure and the Earnings Distribution

 

JULIA LANE, University of Chicago, FREDRIK ANDERSSON, Cornell University, and IBEN BOLVIG, University of Aarhus--Lost Jobs and Health Insurance: An Analysis of the Impact of Employment Volatility on Firm provided Health Insurance Coverage

 

ELENA PASTORINO, University of Iowa, and MELISSA TARTARI, Yale University--Training in Firms, Learning and Career Mobility: Evidence from Italian Personnel Data

 

THOMAS FUCHS, University of Munich--Climbing the Ladder: School Organization, Institutions and Efficient Educational Production

 

 

Jan. 5, 10:15 am

ES

 

Volatility and Jumps

 

Presiding: TORBEN ANDERSEN, Northwestern University

 

GEORGE TAUCHEN, Duke University, and HAO ZHOU, Federal Reserve Board--Identifying Realized Jumps on Financial Markets

 

GEORGE J. JIANG, University of Arizona--A New Test for Jumps in Asset Prices

 

ROBERT F. ENGLE, MAGDALENA E. SOKALSKA, and ANANDA CHANDA, New York University--Forecasting Intraday Volatility in the US Equity Market. Multiplicative Component GARCH

 

TORBEN G. ANDERSEN, Northwestern University, and LUCA BENZONI, University of Minnesota--The Economic Determinants of Interest Rate Volatility in the U.S. Treasury Market

 

 

Jan. 5, 10:15 am

ES

 

Institutional Dynamics

 

Presiding:  AMRITA DHILLON, University of Warwick

 

ROGER LAGUNOFF, Georgetown University--Dynamic Stability and Reform of Political Institutions

 

HONGBIN CAI, Peking University, and FENG HONG, University of California-Los Angeles--A Theory of Organizational Dynamics: Internal Politics and Efficiency

 

STEPHANE AURAY, University of Lille 3, GREMARS and CIRPEE, THOMAS MARIOTTI, University of Toulouse 1, GREMAQ, IDEI and CEPR, and FABIEN MOIZEAU, University of Toulouse 1 and GREMAQ--Dynamic Regulation of Public Good Quality

 

AMRITA DHILLON, University of Warwick, and JAMELE RIGOLINI, World Bank--Uncertainty and the Quality of Institutions

 

 

Jan. 5, 10:15 am

ES

 

Dynamic Models in Industrial Organization

 

Presiding:  XAVIER VIVES, INSEAD

 

XAVIER VIVES, INSEAD—Strategic Complementarity in Multi-Stage Games

 

JAMES D. DANA, JR. and YUK-FAI FONG, Northwestern University--Long-Lived Consumers, Intertemporal Bundling, and Tacit Collusion

 

CHAIM FERSHTMAN and SARIT MARKOVICH, Tel-Aviv University--Patents, Imitation and Licensing In an Asymmetric Dynamic R&D Race

 

BERNARD LEBRUN, York University--First-Price and Second-Price Auctions with Resale

 

Discussants: FEDERICO ECHENIQUE, California Institute of Technology

R. PRESTON MCAFEE, California Institute of Technology

JENNIFER REINGANUM, Vanderbilt University

ROD GARRATT, University of California-Santa Barbara

 

 

Jan. 5, 10:15 am

ES

 

Inflation and Monetary Policy

 

Presiding:  NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics

 

THOMAS SARGENT, New York University, NOAH WILLIAMS, Princeton University, and TAO ZHA, Federal Reserve Bank of Atlanta--Hyperinflations: Expectations, Escapes, and Regimes

 

JERZY D. KONIECZNY, Wilfrid Laurier University, and EMMANUEL DHYNE, National Bank of Belgium--Temporal Distribution of Price Changes: Staggering in the Large and Synchronization in the Small

 

MIKAEL CARLSSON, Swedish Central Bank, and ANDREAS WESTERMARK, Uppsala University--Optimal Discretionary Monetary Policy under Downward Nominal Wage Rigidity

 

GLENN D. RUDEBUSCH and JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco--Revealing the Secrets of the Temple: The Value of Publishing Interest Rate Projections

 

 

Jan. 5, 10:15 am

ES

 

Retirement and Health

 

Presiding:  JOHN RUST, University of Maryland

 

HUGO BENÍTEZ-SILVA, State University of New York-Stony Brook, SELCUK EREN, State University of New York-Stony Brook and Hamilton College, FRANK HEILAND, Florida State University, and SERGI JIMÉNEZ-MARTÍN, Universitat Pompeu Fabra--Wealth, Retirement Well-Being, and Realized and Unrealized Capital Gains

 

MARIACRISTINA DENARDI, Federal Reserve Bank of Chicago and University of Minnesota, ERIC FRENCH, Federal Reserve Bank of Chicago, and  JOHN JONES, State University of New York-Albany-- Differential Mortality, Uncertain Medical Expenses, and the Savings of Elderly Singles

 

HUGO BENITEZ-SILVA, State University of New York-Stony Brook, J. IGNACIO GARCIA-PEREZ, Universidad Pablo de Olavide, and SERGI JIMENEZ-MARTIN, Universitat Pompeu Fabra--Cross Country Comparison of the Effects of Social Security and Employment Uncertainty on the Labor Supply and Search Behavior of Older Workers

 

DAVID A. LOVE, Williams College, and PAUL A. SMITH, Federal Reserve Board--Cracking Open the Nest Egg: Are Older Households Withdrawing Too Fast from Their DC Plans?

 

 

Jan. 5, 10:15 am

EPS

 

Out How: The Economics of Ending Wars (Roundtable Discussion)

 

Presiding:  JAMES K. GALBRAITH, University of Texas-Austin and Economists for Peace and Security

 

THOMAS SCHELLING, University of Maryland

 

MICHAEL INTRILIGATOR, University of California-Los Angeles and Milken Institute

 

CLARK ABT, Abt Associates

 

COL. DOUGLAS MACGREGOR, Center for Defense Information, Straus Military Reform Project

 

LINDA BILMES, Harvard University

       

 

Jan. 5, 10;15 am

IAFFE

 

Economics and Gender: Theory and Practice (B5)

 

Presiding: ANN MARI MAY, Middlebury College

 

ANNE BOSCHINI, Stockholm University, and ANNA SJÖGREN, Research Institute of Industrial Economics--Is Team Formation Gender Neutral? Evidence from Coauthorship

 

CAROLE GREEN, University of South Florida, ROBIN BARTLETT, Denison University, and MARIANNE FERBER, University of Illinois-Urbana-Champaign--Policy Orientation and the Decision to Major in Economics

 

JULIE NELSON, Tufts University--Economics for Humans: Conscience, Care and Commerce?

 

MALIHA SAFRI, University of Massachusetts-Amherst--The Global Household: Remittances, Household Production and Migration

 

Discussants: ULLA GRAPARD, Colgate University

JUNE LAPIDUS, Roosevelt University

 

 

Jan. 5, 10:15 am

IEFS

 

International Trade and Globalization

 

Presiding: KAMAL SAGGI, Southern Methodist University

 

ERIC W. BOND, Vanderbilt University--Dynamics of Trade Agreements (Presidential Address)

 

ANDRÉS RODRIGUEZ-CLARE, Pennsylvania State University--Trade, Diffusion and the Benefits of Openness

 

JULIAN E. NAMINI, University of Duisberg-Essen, and RICARDO A. LOPEZ, Indiana University--Random versus Conscious Selection into Export Markets – Theory and Empirical Evidence

 

JOSHUA AIZENMAN, University of California-Santa Cruz, and YOTHIN JINJARAK, NTU Singapore--Globalization and Developing Countries – a Shrinking Tax Base?

 

Discussants: ANDRÉS RODRIGUEZ-CLARE, Pennsylvania State University

JOSH EDERINGTON, University of Kentucky

JIM TYBOUT, Pennsylvania State University

DEVASHISH MITRA, Syracuse University

 

 

Jan. 5, 10:15 am

INEM

 

Plural Agency and Plural Subjects within Economics

 

Presiding: MARK D. WHITE, College of Staten Island, City University of New York

 

      JOHN B. DAVIS, Marquette University and University of Amsterdam—Conceptions of Plural Selves in Recent Behavioral and Experimental Economics

 

      DON ROSS, University of Alabama-Birmingham and University of Cape Town—Institutionally Fostered Economic Agents versus Team Agents

 

      HANS-BERNHARD SCHMID, University of St. Gallen—Plural Subjecthood, Rationality, and Methodological Individualism

 

      MARK D. WHITE, College of Staten Island, City University of New York—Kantian Autonomy, Plural Agency, and Conceptions of the Economic Individual

 

 

Jan. 5, 10:15 am

LERA

 

The Dynamics of European National Employment Models: Implications for Conflict

and Cooperation in Employment Relations

 

Presiding: SAM ROSENBERG, Roosevelt University

 

GERHARD BOSCH, University of Duisberg-Essen--Changes in the System  or Change of System?  The National Employment Model of Germany

 

JILL RUBERY, University of Manchester--The UK National Employment System:  A Model for Europe?

 

MARIA KARAMESSINI, Panteion University of Social and Political Sciences--Is There Still a Distinctive Southern European Model?

 

DOMINIQUE ANXO, University of Vaxjo--The Swedish Model in Turbulent Times: Decline or Renaissance?

 

Discussants: PETER BERG, Michigan State University

GREGOR MURRAY, University of Montreal

 

 

Jan. 5, 10:15 am

LERA

 

The Future of Industrial Relations and Labor Market Journals

 

Presiding: DANIEL J.B. MITCHELL, University of California--Los Angeles

 

TOVE HAMMER, Cornell University--Industrial and Labor Relations Review

 

TROND PETERSON, University of California-Berkeley--Industrial Relations: A Journal of Economy and Society

 

IMMANUEL NESS, Brooklyn College--WorkingUSA

 

MATTHEW W. FINKIN, University of Illinois-Urbana-Champaign--Comparative Labor Law & Policy Journal

 

DAVID LEWIN, University of California-Los Angeles--Advances in Industrial and Labor Relations

 

CHARLES J. WHALEN, Perspectives on Work

 

 

Jan. 5, 10:15 am

LERA

 

Socio-Technical Systems Theory and Practice: The Way to Workplace Democracy

and High Performance

 

Presiding: ROSEMARY BATT, Cornell University, and Nina Gregg, Communication Resources

 

PAMELA POSEY, Eyes on Performance--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges

 

PETER JAY SORENSON, GINKO Enterprises--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges

 

KEVIN BOYLE, Boyle and Associates--A Union-led STS Redesign: AFSCME and Oregon Health Sciences University Save Union Jobs and Make Money

 

Discussants: STEPHEN R. SLEIGH, The Yucaipa Companies

      BRUCE HAMILTON, Socio-Technical Systems

      JOEL CUTCHER-GERSHENFELD, University of Illinois-Urbana-Champaign

 

 

Jan. 5, 10:15 am

MEEA

 

Finance, Growth, and Convergence (O0)

 

Presiding:  SALPIE DJOUNDOURIAN, Lebanese American University

 

HALUK ERLAT, Middle East Technical University--Time Series Approaches to Testing Income Convergence in MENA Countries

 

KIVILCIM METIN OZCAN, Bilkent University, Turkey, and YUSUF ZIYA OZCAN, Middle East Technical University, Turkey--Convergence in Measures of the Quality of Life: Evidence for EU Members and a Candidate Country, Turkey

 

IDA A. MIRZAIE, Ohio State University, and MAGDA KANDIL, International Monetary Fund--The Impact of Capital Inflow to Economic Performance

 

OYA PINAR ARDIÇ, Bogazici University, Turkey, and H. EVREN DAMAR, Pacific Lutheran University--Financial Sector and Economic Growth: Evidence from Turkey

 

MAHMOUD AL-IRIANI and FATIMA AL-SHAMSI, United Arab Emirates University--Foreign Direct Investment and Economic Growth in the GCC Countries: An Empirical Investigation Using Heterogeneous Panel Analysis

 

Discussants: HALA EL-RAMLY, American University in Cairo

ARNO BÄCKER , European Commission

BASSEM KAMAR, International Monetary Fund

HILMI NATHALIE, University of Nice, France"

A.YASEMIN YALTA, Fordham University

 

 

Jan. 5, 10:15 am

NEA

 

Economic Growth and Development I: East Africa (O1 )

 

Presiding:  ASHAGRE YIGLETU, Southern University

 

ANDREW MUHAMMAD, Southern University--Market Power and the Pricing of Fish Imports from Uganda

 

TAMWISIGIRE CALEB, Makerere University, SUNG NO, ANDREW MUHAMMAD, Southern University, and MUGISHA FRED, National University of Rwanda--Determinants of FDI Inflow into Rwanda: 1971-2003

 

DONALD ANDREWS, Southern University, AUDREY KAHARA-KAWUKE, TAMWISIGIRE CALEB, Makerere University,  and ASHAGRE YIGLETU, Southern University--Tourism and Economic Development in East Africa: The Case of Uganda

 

WARREN BYABASHAIJA and AUDREY KAHARA-KAWUKI, Makerere University--The Effect of Entrepreneurial Education, Social Norms and Situational Factors on Entrepreneurial Attitudes and Intentions of Post-graduate Students in Uganda

 

Discussants: KEITHLY G. JONES, USDA Economic Research Service

CHRISTOPHER DAVIS, USDA Economic Research Service

RALPH CHRISTY, Cornell University

RICHARD MCCLINE, San Francisco State University

 

 

Jan. 5, 10:15 am

NAEFA

 

Trade, Economic Integration, Labor Market Flexibility and Growth  (F1)

 

Presiding: JAMES A. WILCOX, University of California-Berkeley

 

VIVEK H. DEHEJIA and YIAGADEESEN SAMY, Carleton University--Labor Standards and Economic Integration in the European Union: An Empirical Analysis

 

ANIL KUMAR, Federal Reserve Bank of Dallas--Impact of NAFTA on the National and Regional Labor Market in the U.S.: Evidence from Micro Data

 

KARLA MORGAN, Whitworth College--Trade and Economic Growth: The Role of Trade Policy Instability

 

Discussants: MEHDI HARIRIAN, Bloomsburg University

KWAN KIM, University of Notre Dame

JOSHUA J. LEWER, West Texas A&M University

 

 

Jan. 5, 10:15 am

SED

 

The Great Depression and Beyond: Lessons for Macroeconomics (E3)

 

Presiding: GIORGIO PRIMICERI, Northwestern University

 

HAROLD COLE, University of Pennsylvania, and LEE OHANIAN, University of California-Los Angeles--Who or What Started the Great Depression?

 

GAUTI EGGERTSSON, Federal Reserve Bank of New York--The New Deal as a Theory of the Optimal Second Best

 

LAWRENCE CHRISTIANO, Northwestern University--The Zero-Bound, Zero-Inflation Targeting, and Output Collapse

 

MICHAEL BORDO, Rutgers University, CHRISTOPHER ERCEG, ANDREW LEVIN, Federal Reserve Board, and RYAN MICHAELS, University of Michigan--Three Great American Disinflations

 

 

Jan. 5, 10:15 am

SPM

 

Economic Integration in the Americas

 

Presiding: DOUGLAS O. WALKER, Regent University

 

      STANLEY J. LAWSON, St. John’s University—Caribbean Integration

 

      DOMINICK SALVATORE, Fordham University—NAFTA after 10 Years

 

      RAUL MONCARZ, Florida International University—Central American Integration

 

JOHN R. DOMINGUEZ and RICHARD MCGREGORY, JR., University of Wisconsin—Cuban Kapitalism: Ideology, the Embargo, and the Economic Consequences

 

Discussants: SARA GORDON, St. John’s University

      FRED CAMPANO, Fordham University

      PELEGRINO MANFRA, City University of New York

 

 

Jan. 5, 10:15 am

SGE

 

Approaches for Measuring the Cost of Health Care Services

 

Presiding: JACK TRIPLETT, Brookings Institution

 

ALLISON ROSEN, University of Michigan, and DAVID CUTLER, Harvard University--Trends in Disease Costs in the U.S.

 

ANA AIZCORBE and NICOLE NESTORIAK, U.S. Bureau of Economic Analysis--Tracking Changes in Health Care Costs Using Episode-Based Price Indexes: Issues and Estimates

 

ALAN WHITE and JAISON ABEL, Analysis Group--Use of Claims Data in Constructing Price Indexes for Medical Services

 

RALPH BRADLEY, U.S. Bureau of Labor Statistics--Can Health Claims Data Improve the Estimation of BLS’s Medical CPI?

 

Discussants: MERRILE SING, Agency for Healthcare Research and Quality

      ANNE HALL, Federal Reserve Board

 

 

Jan. 5, 10:15 am

TPUG

 

Regulation of Public Utilities

 

Presiding: PAUL SOTKIEWICZ, University of Florida

 

      DOUGLAS N. JONES, Ohio State University---Matching Regulatory Arrangements with Public Values in the Provision of Energy and Telecommunications

 

      LEA-RACHEL D. KOSNIK, University of Missouri-St. Louis--The Changing Structure of the Hydroelectric Power Industry

 

TROY QUAST, Sam Houston State University--Are Elected Regulators More Political Than Appointed Regulators?

 

JAMES ALLEMAN, University of Colorado, and PAUL RAPPOPORT, Temple University--Optimal Pricing with Sunk Cost and Uncertainty

 

Discussants: To be announced.

 

 

Jan. 5, 10:15 am

URPE

 

Microfoundations of Radical Economics (B2)

 

Presiding:  BARKLEY ROSSER, James Madison University

 

      GILBERT L. SKILLMAN, Wesleyan University—Worker Bargaining Power and the Business Cycle: Wage Dynamics in an Economy with Matching and Sequential Bargaining

 

ROBERTO VENEZIANI, Queens Mary University, London—Microfoundations and Analytical Marxism

     

      JONATHAN GOLDSTEIN, Bowdoin College—Marxian Microfoundations: Contribution or Detour?

     

      PETER SKOTT, University of Massachusetts-Amherst—Power-Biased Technical Change and the Rise in Earnings Inequality

 

Discussants: AMITAVA KRISHNA DUTT, University of Notre Dame

      BARKLEY ROSSER, James Madison University

 

 

Jan. 5, 10:15 am

URPE

Brazil under Lula: Where Is It Headed? (P1)

 

Presiding:  AL CAMPBELL, University of Utah

     

      LEDA PAULANI, University of Sao Paulo, Brazil—Brazil as a Platform of International Financial Valorisation: The Role of Lula’s Government

     

      PAULO NAKATANI, University of Espirito Santo, Brazil—A Critical Assessment of the Economic Policies of the Lula’s Government

 

ROSA MARIA MARQUES, Pontifica Universidade Catolica de Sao Paulo, Brazil—Lula’s Government and Social Policies

 

RÉMY HERRERA, MAURICIO SABADINI, and FRANCISCO CINTRA, University of Paris Pántheon-Sorbonne, France—The Failures of Reformism: Lula’s Brazil (2003-2006), after Mitterand’s France (1981-1984)

 

Discussants: AL CAMPBELL, University of Utah

      RÉMY HERRERA, University of Paris, France

 

 

Jan. 5, 12:30 pm

AEA/AFA

 

Joint Luncheon

 

Presiding: THOMAS SARGENT, New York University

 

      BEN BERNANKE, Federal Reserve Board

 

 

Jan. 5, 2:30 pm

AEA

 

Remembering Milton Friedman

 

Presiding: THOMAS SARGENT, New York University

 

      GARY BECKER, University of Chicago

      ROBERT LUCAS, University of Chicago

      THOMAS SARGENT, New York University

 

 

 

Jan. 5, 2:30 pm

AAEA

 

Rural Poverty Revisited:  A New Look at Place and Policy (Q1)

 

Presiding:  SUSAN OFFUTT, USDA-Economic Research Service

 

AMY GLASMEIER, Pennsylvania State University--Poverty Geography: The Historical Image of Poverty in America and Its Role in Shaping National Poverty Policy

 

MARK D. PARTRIDGE, University of Saskatchewan, and  DAN S. RICKMAN, Oklahoma State University--Persistent Rural Poverty and Job Growth

 

BRUCE WEBER, Oregon State University, JOHN CROMARTIE, ROBERT GIBBS, and ASHOK MISHRA, USDA-Economic Research Service--Poverty Reduction Through Education:  Can It Work in Persistently Poor Rural Areas?

 

Discussant:  SHELDON DANZIGER, University of Michigan

 

 

Jan 5, 2:30 pm

AEA

 

Residential Mortgage Economics (G1)

 

Presiding: YONGHENG DENG, University of Southern California

 

      JINGYANG LI and PAUL THURSTON, Countrywide Finance—Long-Range Dependence in Mortgage Termination

 

      JAMES VICKERY, Federal Reserve Bank of New York—Interest Rates and Consumer Choice on the Residential Mortgage Market

 

      YONGHENG DENG, University of Southern California, and JOHN M. QUIGLEY, University of California-Berkeley—Irrational Borrowers and the Pricing of Residential Mortgages

 

Discussants: CHRISTOPHER DOWNING, Rice University

      ROBERT VAN ORDER, University of Michigan

      WALTER N. TOROUS, University of California-Los Angeles

 

 

Jan. 5, 2:30 pm

AEA

 

Personnel Economics Studies using Personnel Data (M5)

 

Presiding: EDWARD LAZEAR, Stanford University

 

      ALEX BRYSON and RICHARD FREEMAN, Harvard University and NBER—Doing the Right Thing? Does Fair Share Capitalism Improve Firm Performance: Evidence for the UK

 

      ORIANA BANDIERA, London School of Economics, IWAN BARANKAY, University of Exeter, IMRAN RASUL, University College London—Incentives and Favoritism in the Workplace: Evidence from Personnel Data

 

      FRANCINE LAFONTAINE and JAGADEESH SIVADASAN, University of Michigan—Labor Regulations and Establishment-Level Labor Productivity

 

      JOHN HALTIWANGER, University of Maryland, PAUL OYER, and KATHRYN SHAW, Stanford University—Talent Sorting and Skill Complementarity among Software Engineers

 

Discussants: NICK BLOOM, Stanford University

      SCOTT SCHAEFER, University of Utah

      SCOTT STERN, Northwestern University

      ORIANA BANDIERA, London School of Economics

 

 

Jan. 5, 2:30 pm

AEA

 

Behavioral Welfare Economics

 

Presiding: B. DOUGLAS BERNHEIM, Stanford University

 

      B. DOUGLAS BERNHEIM, Stanford University—Title to be announced

 

      FARUK GUL, and WOLFGANG PESENDORFER, Princeton University—Title to be announced

 

      MATTHEW RABIN, University of California-Berkeley—Title to be announced

 

Discussants: DAVID LAIBSON, Harvard University

      COLIN CAMERER, California Institute of Technology

 

 

Jan. 5, 2:30 pm

AEA

 

Developments in Dynamic Mechanism Design

 

Presiding: STEPHEN MORRIS, Princeton University

 

      STEPHEN MORRIS, Princeton University, and DIRK BERGEMANN, Yale University—Ascending Auctions: Robustness and Uniqueness

 

      ILYA SEGAL, Stanford University—Incentives and Communication Costs

 

      PHILIPPE JEHIEL, University College London—On Timing Issues in Mechanism Design

 

Discussants: PRESTON MCAFEE, California Institute of Technology

      ERIC MASKIN, Institute for Advanced Studies, Princeton

      PAUL MILGROM, Stanford University

 

 

Jan. 5, 2:30 pm

AEA

 

Evaluation and Time Allocations in Teaching Economics

 

Presiding: BARRY R. CHISWICK, University of Illinois-Chicago

 

      BRUCE WEINBERG, BELTON FLEISHER, and MASANORI HASHIMOTO, Ohio State University—Student Evaluation of Teaching Revisited

 

      CYNTHIA HARTER, Eastern Kentucky University, MICHAEL WATTS, Purdue University, and WILLIAM BECKER, Indiana University—Time Allocations and Reward Structures for Academic Economists from 1995-2005: Evidence from Three National Surveys

 

      SAM ALLGOOD and WILLIAM WALSTAD, University of Nebraska-Lincoln—Time Allocations to Undergraduate and Graduate Teaching in Economics and Other Disciplines

 

      SAM ALLGOOD, University of Nebraska-Lincoln, WILLIAM BOSSHARDT, Florida Atlantic University, WILBERT VAN DER KLAAUW, University of North Carolina-Chapel Hill, and MICHAEL WATTS, Purdue University—The Long-Term Effects of Economics Coursework on College Graduates’ Behaviors and Outcomes in the Labor Market

 

Discussants: TISHA L.N. EMERSON, Baylor University

      KIMMARIE MCGOLDRICK, University of Richmond

      GLEN R. WADDELL, University of Oregon

      BARRY R. CHISWICK, University of Illinois-Chicago

 

 

Jan. 5, 2:30 pm

AEA

 

Consumption Inequality: Evidence and Interpretation (D1)

 

Presiding: RICHARD BLUNDELL, University College London

 

      ORAZIO ATTANASIO, University College London, ERICH BATTISTIN, Universita di Padova, and MARIO PADULA, Universita di Salerno—The Evolution of Consumption and Wage Inequality: Evidence and Implications for Consumption Smoothing

 

      DIRK KRUEGER, Goethe University Frankfurt, and FABRIZIO PERRI, New York University—Understanding Diverging Trends in U.S. Earnings and Consumption Dispersion: Are the Unlucky Consuming a Lot, or Are the Lucky Consuming Little?

 

      RICHARD BLUNDELL, IAN PRESTON, University College London, and LUIGI PISTAFERRI, Stanford University—The Transmission of Income Inequality into Consumption Inequality

 

      JONATHAN HEATHCOTE, Georgetown University, KJETIL STORESLETTEN, University of Oslo, and GIOVANNI LUCA VIOLANTE, New York University—Labor Supply and Consumption with Imperfect Insurance: An Analytical Framework

 

Discussant: VICTOR RIOS-RULL, Pennsylvania State University

 

 

Jan. 5, 2:30 pm

AEA

 

Habit Persistence and the Macroeconomy (E3)

 

Presiding: MARTIN URIBE, Duke University

 

      KAREN E. DYNAN, Federal Reserve Board, and ENRICHETTA RAVINA, New York University—Habit Persistence: Evidence from Complementary Data Sources

 

      MORTEN RAVN, European University Institute, STEPHANIE SCHMITT-GROHE, and MARTIN URIBE, Duke University—Pricing to Habits and the Law of One Price

 

      HARALD UHLIG, Humboldt Universitaet—Explaining Asset Prices with Habit Persistence and Wage Rigidities in a DSGE Model

 

Discussants: JORDI GALI, Universitat Pompeu Fabra and Massachusetts Institute of Technology

      CHRIS CARROLL, Johns Hopkins University

      FATIH GUVENEN, University of Texas-Austin

 

 

Jan. 5, 2:30 pm

AEA

 

Beliefs in the Utility Function (D1)

 

Presiding: ANDREW CAPLIN, New York University

 

      MARKUS BRUNNERMEIER, JONATHAN PARKER, and FILIPPOS PAPAKONSTANTINOU, Princeton University—The Planning Fallacy and Deadlines

 

      KFIR ELIAZ and ANDREW SCHOTTER, New York University—Paying for Confidence: An Experimental Study of Preferences Over Beliefs

 

      PIERPAOLO BATTIGALLI, Bocconi University, and MARTIN DUFWENBERG, University of Arizona—Dynamic Psychological Games

 

 

Jan. 5, 2:30 pm

AEA

 

Empirical Industrial Organization (L2, D8, C1)

 

Presiding: PATRICK BAJARI, University of Minnesota

 

      QUANG VUONG and ISABELLE PERRIGNE, Pennsylvania State University—Auctions with Risk Averse Bidders: A Semiparametric Analysis

 

      VICTOR AGUIRREGABIRIA, Boston University—Estimating Dynamic Games

 

      JAMES CHAPMAN, University of Iowa, DAVID MCADAMS, Massachusetts Institute of Technology, and HARRY J. PAARSCH, University of Iowa—Multi-Unit, Sealed-Bid, Discriminatory-Price Auctions

 

      PATRICK BAJARI, University of Minnesota, JEREMY FOX, University of Chicago, and STEPHEN RYAN, Massachusetts Institute of Technology—Differentiated Product Demand Estimation with Rank Data

 

 

Jan. 5, 2:30 pm

AEA

 

The Health of the Young and the Old in the Past and the Present (I1)

 

Presiding: ROBERT FOGEL, University of Chicago

 

      DORA COSTA, Massachusetts Institute of Technology, LORENS HELMCHEN, University of Illinois-Chicago, and SVEN WILSON, Brigham Young University—Race and Older Age Health in the Twentieth Century

 

      FRANK SLOAN, Duke University—Survival and the Changing Role of Chronic Diseases in the Twentieth Century

 

      WILLIAM EVANS and HENG WEI, University of Maryland—Postpartum Hospital Stay and the Outcomes of Mothers and Their Newborns

 

Discussants: JANET CURRIE, Columbia University

      TOMAS PHILIPSON, University of Chicago

      DAVID MELTZER, University of Chicago

 

 

Jan. 5, 2:30 pm

AEA

 

Getting Ahead: The Determinants of Professional Success

 

Presiding: RACHEL CROSON, University of Pennsylvania

 

      KRISTIN J. KLEINJANS, University of Aarhus and RAND—The Role of Career Aspirations in Education Choice: Can Gender Differences Explain the Lower Intergenerational Correlations in Education for Girls?

 

      DEBORAH GARVEY, Santa Clara University, MARK HUGO LÓPEZ, University of Maryland, and MARIE MORA, University of Texas-Pan American—The Earnings of Female Faculty: A Story of Field and Gender?

 

      BRUCE SACERDOTE, Dartmouth College, ALAN DURELL, and HEIDI WILLIAMS, Harvard University—Does Same Gender Mentoring Help?

 

      CHRISTINA HILMER and MICHAEL HILMER, San Diego State University—Women Helping Women, Men Helping Men? Same-Gender Mentoring, Initial Job Placements, and Early Career Research Productivity for Economics Ph.D.s

 

Discussants: JOSEPH ALTONJI, Yale University

      CHARLES C. BROWN, University of Michigan

      DONNA GINTHER, University of Kansas

      SHULAMIT KAHN, Boston University

 

 

Jan. 5, 2:30 pm

AEA

 

Information Frictions and Aggregate Fluctuations (E3)

 

Presiding: CHRIS EDMOND, New York University

 

      CHRISTIAN HELLWIG, University of California-Los Angeles, and LAURA VELDKAMP, New York University—Knowing What Others Know: Coordination Motives in Information Acquisition

 

      CHRIS EDMOND and LAURA VELDKAMP, New York University—Income Dispersion, Market Efficiency and Business Cycles

 

      VERONICA GUERRIERI and GUIDO LORENZONI, Massachusetts Institute of Technology—Financial Development and the Aggregate Effect of News

 

      MANUEL AMADOR, Stanford University, and PIERRE-OLIVIER WEILL, New York University—Learning by Matching

 

Discussants: WILLIAM FUCHS, University of Chicago

      JEFFREY CAMPBELL, Federal Reserve Bank of Chicago

      RANDALL WRIGHT, University of Pennsylvania

      LONES SMITH, University of Michigan

 

 

Jan. 5, 2:30 pm

AEA

 

Emerging Markets Finance in the Global Economy (F3)

 

Presiding: SIMON JOHNSON, Massachusetts Institute of Technology

 

      FERNANDO BRONER, ALBERTO MARTIN, and JAUME VENTURA, Universitat Pompeu Fabra—Secondary Markets and Sovereign Risk

 

      LAURA ALFARO and ELIZA HAMMEL, Harvard University—Capital Flows and Capital Goods

 

      ANDRE FARIA and PAOLO MAURO, International Monetary Fund—The External Financing of Economic Development: Evidence from Two Waves of Financial Globalization

 

Discussants: PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley

      PETER BLAIR HENRY, Stanford University

      SIMON JOHNSON, Massachusetts Institute of Technology

 

 

Jan. 5, 2:30 pm

AEA

 

The Political Economy of Institutional Change (P4)

 

Presiding: SANJAY JAIN, University of Virginia

 

      BENJAMIN JONES, Northwestern University, and BENJAMIN OLKEN, Harvard University—Changing Regimes: The Effect of Political Change on Institutions and Economic Performance

 

      EDWARD MIGUEL and GERARD ROLAND, University of California-Berkeley—The Long Run Impact of Bombing in Vietnam

 

      SUMON MAJUMDAR, Queens University, and SHARUN MUKAND, Tufts University—Bridging the Divide: On Leadership and Institutional Change

 

Discussants: ROMAIN WACZIARG, Stanford University

      ENRICO SPOLAORE, Tufts University

      ALLAN DRAZEN, University of Maryland

 

 

Jan. 5, 2:30 pm

AEA

 

Networked Interactions (C7)

 

Presiding: LUIS RAYO, University of Chicago

 

      ANTONI CALVO-ARMENGOL, Universitat Autonoma de Barcelona—On the Network Structure of Communication in Organizations

 

      MATTHEW O. JACKSON and LEEAT YARIV, California Institute of Technology—The Spread of Behaviors and Technologies through Social Networks

 

      DOUGLAS GALE, New York University, and SHACHAR KARIV, University of California-Berkeley—Financial Networks

 

Discussants: GARANCE GENICOT, Georgetown University

      TANYA S. ROSENBLAT, Wesleyan University

      ERIC FISHER, Ohio State University

 

 

Jan. 5, 2:30 pm

AEA

 

The Economics of National Security (H5)

 

Presiding: MARTIN FELDSTEIN, Harvard University

 

      ALAN KRUEGER, Princeton University—Economic Incentives and Foreign Insurgents in Iraq

 

      ROZLYN ENGEL, U.S. Military Academy—The Effect of Casualties on Lifetime Earnings

 

      STEFANO DELLAVIGNA and ETHAN KAPLAN, University of California-Berkeley—The Economic and Ideological Determinants of Military Recruiting

 

      PHILIP MARTIN, THIERRY MAYER, University of Paris, and MATHIAS THOENIG, University of Geneva—The Effects of Multilateralism and Regionalism on Military Conflicts

 

      JOHN B. TAYLOR, Stanford University—The Financial Front in the War on Terror

 

 

Jan 5, 2:30 pm

AEA

 

Social Insurance Programs: Good for Workers? Good for the Labor Market? (J6)

 

Presiding: RAJ CHETTY, University of California-Berkeley and NBER

 

      DAN BLACK, JOSE GALDO, Syracuse University, and JEFF SMITH, University of Michigan—Evaluating the Regression Discontinuity Design Using Experimental Data

 

      RAFAEL LALIVE, University of Zurich—The Effects of Extended Benefits on Unemployment Duration and Early Retirement: A Regression Discontinuity Approach

 

      DAVID CARD, RAJ CHETTY, University of California-Berkeley, and ANDREA WEBER, Institute for Advanced Studies, Vienna—Unemployment Benefits, Income Effects, and Search Outcomes: Evidence from a Discontinuity in the Austrian Severance Pay System

 

      DAVID AUTOR, Massachusetts Institute of Technology, and MARK DUGGAN, University of Michigan—The Pure Income Effect of Disability Cash Transfers: Evidence from the Veteran Administration’s Disability Compensation Program

 

Discussants: CHRIS BOLLINGER, University of Kentucky

      THOMAS LEMIEUX, University of British Columbia

      AMY FINKELSTEIN, Massachusetts Institute of Technology

      OLIVIER DESCHENES, University of California-Santa Barbara

 

 

Jan. 5, 2:30 pm

AEA

 

The Economics of “Self-Discovery”: Export Specialization, Productivity and Growth (O1)

 

Presiding: DANI RODRIK, Harvard University

 

      JASON HWANG, RICARDO HAUSMANN, and DANI RODRIK, Harvard University—What You Export Matters

 

      RICARDO HAUSMANN and BAILEY KLINGER, Harvard University—Monkeying Around: On the Determinants of Structural Transformation of Exports

 

      RICARDO HAUSMANN and DANI RODRIK, Harvard University—Good Politics, Good Policies, Low Growth: The Puzzle of South Africa

 

Discussants: JAMES TYBOUT, Pennsylvania State University

      MARC MELITZ, Harvard University

      ANDRES RODRIGUEZ-CLARE, Pennsylvania State University

 

 

Jan. 5, 2:30 pm

AEA/CEANA

 

Financial Econometrics

 

Presiding: DONALD LIEN, University of Texas-San Antonio

 

      TORBEN ANDERSON, Northwestern University, TIM BOLLERSLEV, and XING HUANG, Duke University—A Semiparametric Framework for Modeling and Forecasting Jumps and Volatility in Speculative Prices

 

      JIN-CHUAN DUAN and ANDRAS FULOP, University of Toronto—Estimating the Structural Credit Risk Model When Equity Prices are Contaminated by Trading Noises

 

      JUSHAN BAI, New York University, CHIHWA KAO, Syracuse University, and SERENA NG, University of Michigan—Panel Cointegration with Global Stochastic Trends

 

      RAY CHOU, Institute of Economics, Academia Sinica—Forecasting Financial Volatilities with a Nonlinear Range-Based Volatility Model

 

Discussants: ALESSANDRO PALANDRI, Duke University

      YONG BAO, University of Texas-San Antonio

      JOHN CHAO, University of Maryland

      KYOO-IL KIM, Singapore Management University

 

 

Jan. 5, 2:30 pm

AEA/ODE

 

ODE Invited Graduate Student Papers

 

Presiding: ROBERT S RYCROFT, University of Mary Washington

 

TIMOTHY F. PAGE, University of New Hampshire--Labor Supply Responses to Government Provided Health Insurance: Evidence from Kidney Transplant Patients

 

LUISA BLANCO RAYNAL, University of Oklahoma--Is Financial Development Really Beneficial for Latin American Countries?

 

JUAN CARLOS SUAREZ, University of California-Berkeley, and ZENIDE AVALLANEDA, Federal Reserve Board—Juanita’s Money Order: Income Effects on Human Capital Investment in Mexico

 

HENING LIU, Northern Illinois University--Labor Supply, Self-insurance and Knightian Uncertainty

 

Discussants: HENING LIU, Northern Illinois University

JUAN CARLOS SUAREZ, University of California-Berkeley

LUISA BLANCO RAYNAL, University of Oklahoma

TIMOTHY F. PAGE, University of New Hampshire

            

 

Jan. 5, 2:30 pm

AEA/TPUG

 

Spatial Modeling, Discrete Choices and the Costs and Benefits of Transportation

Network Improvements

 

Presiding: KEITH HOFSETH, U.S. Army Corps of Engineers

 

      KENNETH TRAIN, University of California-Berkeley, and WESLEY WILSON, University of Oregon—Transportation Demand Modeling: Econometric Analysis of RP and SP-off-RP Data

 

      SIMON ANDERSON, University of Virginia—Spatial Modeling of Shipper Choices, Railroad Pricing, Congestion and Equilibrium

 

      BRUCE BLONIGEN, University of Oregon—International Trade and Transportation Networks

 

      JOSEPH COOK, National Economic Research Associates, and CHARLES PLOTT, California Institute of Technology—Congestion at Locks on Inland Waterways: An Experimental Testbed of a Policy of Tradable Priority

 

Discussants: TAE OUM, University of British Columbia

      KENNETH BOYER, Michigan State University

      DAVID HUMMELS, Purdue University

 

 

Jan. 5, 2:30 pm

AFA

 

Behavior of Institutions and Other Investors

 

Presiding: HARRISON HONG, Princeton University

 

      TAO SHU, University of Texas-Austin—Does Positive-Feedback Trading by Institutions Contribute to Stock Return Momentum?

 

      RASHA ASHRAF and NARAYANAN JAYARAMAN, Georgia Institute of Technology—Institutional Investors’ Trading Behavior in Mergers and Acquisitions

 

      MALCOLM P. BAKER, Harvard Business School, STEFAN NAGEL, Stanford University, and JEFFREY WURGLER, New York University—The Effect of Dividends on Consumption

 

Discussants: NATALIA PIQUEIRA, University of Houston

      KAI LI, University of British Columbia

      NICHOLAS SOULELES, University of Pennsylvania

     

     

 

 

Jan. 5, 2:30 pm

AFA

 

Corporate Bankruptcy and Loan Ratings

 

Presiding: KARIN THORBURN, Dartmouth College

 

      TOM CHANG and ANTOINETTE SCHOAR, Massachusetts Institute of Technology—Judge Specific Differences in Chapter 11 and Firm Outcomes

 

      FEDERICO CILIBERTO and CAROLA SCHENONE, University of Virginia—Financial Decisions, Bankruptcy, and Product-Market Competition in the Airline Industry

 

      AMIR SUFI, University of Chicago—The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings

 

Discussants: EDITH HOTCHKISS, Boston College

      SHERI TICE, Tulane University

      MICHAEL ROBERTS, University of Pennsylvania

 

 

Jan. 5, 2:30 pm

AFA

 

Directors, Shareholders, and Other Monitors

 

Presiding: ANDREW METRICK, University of Pennsylvania

 

      STUART GILLAN, Arizona State University, JAY C. HARTZELL, and LAURA T. STARKS, University of Texas-Austin—Evidence on Corporate Governance: The Joint Determination of Board Structures and Charter Provisions

 

      STEVEN N. KAPLAN, University of Chicago, and BERNADETTE A. MINTON, Ohio State University—How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs

 

      I.J. ALEXANDER DYCK, University of Toronto, ADAIR MORSE, University of Michigan-Ann Arbor, and LUIGI ZINGALES, University of Chicago—Who Blows the Whistle on Corporate Fraud?

 

      HENRIK CRONQVIST and RUDIGER FAHLENBRACH, Ohio State University—Large Shareholders and Corporate Policies

 

Discussants: KOSE JOHN, New York University

      BRIAN HALL, Harvard University

      SHIVARAM RAJGOPAL, University of Washington

      CLIFFORD HOLDERNESS, Boston College

 

 

Jan. 5, 2:30 pm

AFA

 

Theoretical Corporate

 

Presiding: DENIS GROMB, London Business School

 

      ANDREA L. EISFELDT and ADRIANO A. RAMPINI, Northwestern University—Leasing, Ability to Repossess, and Debt Capacity

 

      THIERRY FOUCAULT, HEC Paris, and THOMAS GEHRIG, University of Freiburg, Germany—Stock Price Informativeness, Cross-Listings and Investment Decisions

 

      MURRAY CARLSON, University of British Columbia, ENGELBERT J. DOCKNER, University of Vienna, ADLAI J. FISHER, and RON GIAMMARINO, University of British Columbia—Leaders, Followers, and Risk Dynamics in Industry Equilibrium

 

Discussants: KENNETH AYOTTE, Columbia University

      ITAY GOLDSTEIN, Duke University and University of Pennsylvania

      ANTONIO MELLO, University of Wisconsin-Madison

 

 

Jan. 5, 2:30 pm

AFA

 

Hedge Funds: Performance and Persistence

 

Presiding: CLIFF ASNESS, AQR Capital Management, LLC

 

      WILLIAM FUNG, London Business School, DAVID A. HSIEH, Duke University, NARAYAN Y. NAIK, London Business School, and TARUN RAMADORAI, University of Oxford—Hedge Funds: Performance, Risk and Capital Formation

 

      ANDREW ANG, MATTHEW RHODES-KROPF, and RUI ZHAO, Columbia University—Do Funds-of-Funds Deserve Their Fees-on-Fees?

 

      RAVI JAGANNATHAN, Northwestern University, ALEXEY MALAKHOV, University of North Carolina-Chapel Hill, and DIMITRY NOVIKOV, Goldman Sachs Group, Inc.—Do Hot Hands Persist Among Hedge Fund Managers? An Empirical Evaluation

 

      GUILLERMO BAQUERO and MARNO VERBEEK, Erasmus University Rotterdam—Do Sophisticated Investors Believe in the Law of Small Numbers?

 

Discussants: TUOMO VUOLTEENAHO, Harvard University and Arrowstreet Capital, LP

      PETER MULLER, Morgan Stanley

      RANDOLPH COHEN, Harvard Business School

      ANTHONY LYNCH, New York University

 

 

Jan. 5, 2:30 pm

AREUEA

 

Commercial Real Estate

 

Presiding: JEFFREY D. FISHER, Indiana University

 

DOINA CHICHERNEA, NORM MILLER, University of Cincinnati, JEFF FISHER, Indiana University, and MICHAEL SKLARZ, Fidelity National Information Solutions--A Cross Sectional Analysis of Cap Rates by MSA

 

DEAN GATZLAFF  and CYNTHIA HOLMES, Florida State University---Estimating Transaction-Based Price Indices for Local Commercial Real Estate: An Examination of Alternative Methodologies using Property Tax Data

 

ANTHONY YEZER and CHAO YUE TIAN, George Washington University--Office Rents and the Monocentric City

 

YONGPING LIANG, University of Wisconsin, and KERRY VANDELL, University of California-Irvine--The Anatomy of Vacancy Behavior: Implications for the Rental Adjustment Process

 

Discussants: JIM CLAYTON, Pension Real Estate Association
 WAYNE ARCHER, University of Florida
 LYNN FISHER, Massachusetts Institute of Technology
 THOMAS THIBODEAU, University of Colorado

 

 

Jan. 5, 2:30 pm

AREUEA

 

Mortgage Choice

 

Presiding: FRANK E. NOTHAFT, Freddie Mac

 

MARSHA J COURCHANE, ERS Group, PETER M. ZORN, Freddie Mac--Comparisons of Prime and Subprime Mortgages

 

SHANE M. SHERLUND, ANDREAS LEHNERT, WAYNE PASSMORE, and GILLIAN BURGESS, Federal Reserve Board--Financial Innovation and Household Mortgage Choice

 

MICHAEL LACOUR-LITTLE, California State University-Fullerton--The Home Purchase Mortgage Preferences of Low-and-Moderate Income Households

 

YAN CHANG, Freddie Mac--The Product Switch in Refis: Who, When and Why

 

Discussants: CHRIS RICHARDSON, GMAC Residential
 JAN BRUECKNER, University of California-Irvine
 JAMES FOLLAIN, Fidelity Hansen
ANDREA HEUSON, University of Miami

 

 

Jan. 5, 2:30 pm

ACES

 

The Decline of Soviet Growth: The Impact of Non-systemic Factors (P2)

 

Presiding: PAUL GREGORY, University of Houston

 

MARK HARRISON, University of Warwick, UK--The Soviet Economy: War, Growth, and Dictatorship

 

GUR OFER, Hebrew University of Jerusalem--Looking Back at the Burden of Defense and Military R&D

 

MARTIN SPECHLER and DINA SPECHLER, Indiana University--The Burden of Empire on the Soviet Union: New Calculations

 

CLIFF GADDY, Brookings Institution, and BARRY ICKES, Pennsylvania State University--Addiction and Withdrawal: Resource Rents and the Collapse of the Soviet Economy

 

Discussants: PAUL GREGORY, University of Houston

      VLADIMIR KONTOROVICH, Haverford College

 

 

Jan. 5, 2:30 pm

AEDSB

 

Economic Development Issues of Bangladesh

 

Presiding: M. KABIR HASSAN, University of New Orleans

 

SHAH SAEED HASSAN CHOWDHURY, Middle Tennessee State University, M. KABIR HASSAN, University of New Orleans and HUMAYOUN KABIR, University of Rajshahi-- Is There Any Overreaction in the Dhaka Stock Exchange (DSE)

 

MATIUR RAHMAN, McNeese State University, and MUHAMMAD MUSTAFA, South Carolina State University--Trade and International Migra­tion: Evidence from Bangladesh

 

TANWEER AKRAM, Moody's Economy.com--The Bangladesh Genocide of 1971

 

NOOR M. KAMRUL ISLAM, Bloomsburg University--Rising Corruption Within Bangladesh Society: A Threat to Its Fragile Democracy, Social Order, and Economic Progress

 

A.B.M. NASIR, North Carolina State University—Wage Differential, Resource Misallocation and Governance Failure: An Economic Analysis of Bangladesh

 

Discussants: M. KABIR HASSAN, University of New Orleans

MATIUR RAHMAN, McNeese State University

MUHAMMAD MUSTAFA, South Carolina State University

TANWEER AKRAM, Moody's Economy.com

M. FAIZUL ISLAM, Southeastern University

A.B.M. NASIR, North Carolina State University

 

 

Jan. 5, 2:30 pm

AFEE

 

Efficiency, Social Efficiency and Financial Exclusion in Institutionalist Theory (E1)

 

Presiding: SCOTT FULLWILER, Wartburg College

 

TOKUTARO SHIBATA, University of Tokyo--On the Concept of Efficiency in Institutional Economics

 

RYUICHIRO TERAKAWA, University of Tokyo--An Aspect of the Philosophical Foundations of

Commons’ Institutional Economics

 

GARY DYMSKI, University of California-Riverside and University of California Center-

Sacramento--The Global Transformation of Core-Banking Markets: A Polanyi/Commons View

 

KAZUO MARAKOSHI, University of California-Riverside--Justice in Finance: A Methodological

Examination of Financial Exclusion and Social Efficiency

 

PHILIP ARESTIS, University of Cambridge, UK and ASENA CANER, TOBB-Economics and

Technology University, Turkey--The Channels through which Financial Liberalization

Influences Poverty

 

Discussant: YNGVE RAMSTAD, University of Rhode Island

 

 

Jan. 5, 2:30 pm

AFEE

 

Local Institutions in the Globalizing Economy (R5)

 

Presiding: ROBERT SCOTT III, Monmouth University

 

OLIVIER BRETTE and YVES CHAPPOZ, Université Jean Moulin Lyon 3, France--The French

Competitiveness Clusters: Toward a New Public Policy for Innovation and Research?

 

SUE KONZELMANN, Birkbeck College, University of London--The Global Reproduction of National Capitalisms: The Cases of Wal-Mart and IKEA

 

JULIE H. GALLAWAY, University of Missouri, Rolla--Point-of-Use Water Filtration: An Institutional Approach to Economic Development Public Policy

 

JOHN WATKINS, Westminster College--Economic Institutions under Disaster Situations: The Case

of Hurricane Katrina

 

MATTHEW C. WILSON, University of Denver--The Institution of State and Local Public Budgeting

Rules: A Veblenian Critique of Tax and Expenditure Limitations

 

Discussant: RICHARD V. ADKISSON, New Mexico State University

 

 

Jan. 5, 2:30 pm

ASE

 

Persons, Social Capital, and Sustainability

 

Presiding: EDWARD O'BOYLE, Louisiana Tech University

 

ALBINO BARRERA, Providence College--Economic and Social Sustainability in the Information Age: Need Satisfaction and Relative Equality as Necessary Conditions

 

MARK D. WHITE, College of Staten Island/CUNY--Kantian Autonomy: Reconciling Individualism with Social Sustainability

 

MICHAEL R. STONE and ANNE P. COBB, Empire State College--A Quiet Revolution: Teachings and Actions on How to Humanize Economics

 

JOHN F. TOMER, Manhattan College--Intangible Capital and Economic Growth: A Comprehensive and Unifying View

 

Discussants: DAVID GEORGE, LaSalle University

EDWARD O'BOYLE, Louisiana Tech University

 

 

Jan. 5, 2:30 pm

AERE

 

Taxes, Subsidies, and Controlling Pollution Emissions (Q5)

 

Presiding:  NICHOLAS E. FLORES, University of Colorado-Boulder

 

MAGI DELMAS, University of California-Santa Barbara, MARIA MONTES, Universitat Pompeu Fabra, and JAY SHIMSHACK, Tufts University—Mandatory Information Disclosure and Environmental Performance in the Electricity Industry

 

DONNA RAMIREZ HARRINGTON, University of Guelph, GEORGE DELTAS, and MADHU KHANNA, University of Illinois-Urbana-Champaign--Environmental Subsidies and Social Welfare in a Horizontally Differentiated Market

 

CAROLYN FISCHER and ALAN FOX, Resources for the Future--Should Emissions Permit Revenues Lower Taxes or Subsidize Output?  The Role of Leakage

 

CHARLES F. MASON, University of Wyoming, STEPHEN POLASKY, University of Minnesota, and NORI TARUI, Columbia University--Cooperation on Climate-Change Mitigation

 

Discussants: JARED CARBONE, Williams College

STEPHEN SALANT, University of Michigan

DALLAS BURTRAW, Resources for the Future

JASON F. SHOGREN, University of Wyoming

 

 

Jan. 5, 2:30 pm

AFE

 

Microstructure of Hidden Orders

 

Presiding: INGRID WERNER, Ohio State University

 

      LAURA TUTTLE, University of Kansas--Hidden Orders, Trading Costs and Information.

 

      BURKART MONCH, Goethe University, and ANGELIKA ESSER, DekaBank--The Navigation of an Iceberg: The Optimal Use of Hidden Orders

 

      KUMAR VENKATARAMAN, Southern Methodist University, HANK BESSEMBINDER, University of Utah, and MARIOS PANAYIDES, Yale University--In Search of Liquidity: An Analysis of Order Exposure Strategies in Automated Markets

 

Discussants: CHRISTINE PARLOUR, University of California-Berkeley.

JEFF HARRIS, University of Delaware

AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles.

 

Jan. 5, 2:30 pm

AIES

 

Social Choices and Economic Decision Making (O1, D7, Q2)

 

Presiding: KUSUM KETKAR, Yeshiva University

 

      AMITRAJEET BATABYAL, Rochester Institute of Technology—Mediator Learning and Dowry Determination in an Arranged Marriage Setting

 

      AMITABH LAHIRY, Madhya Pradesh Education—Reservations and Social Justice

 

      JYOTHI KHANNA and MICHAEL JOHNSTON, Colgate University—Bringing in the Middle Men, Corruption, Tradition and Growth in India

 

      ROBY RAJAN, University of Wisconsin—Incentive Compatibility and Governance

 

      CHAITRAM TALELE, Columbia State University—Supply and Demand for Water

 

      SURESH DESAI, Montclair State University—Innovation in Gandhian Economics

 

      SANDWIP DAS, University of California, and MONICA DAS, Skidmore College—Economic Growth an Equitable Distribution

 

      LUIS SAN VICENTE PORTES, Montclair State University—Trade and Income Distribution

 

Discussants: APARAJITA NANDI, Queens College, City University of New York

      KANKANA MUKHERJEE, Worcester Polytechnic Institute

      SANDWIP DAS, University of California

      SYED HYAT, Siena College

 

     

Jan. 5, 2:30 pm

CS

 

Economic History of Labor: New Directions

 

Presiding: ROBERT MARGO, Boston University and NBER

 

      RAYMOND L. COHN, Illinois State University—The Volume and Composition of European Immigration to the Antebellum United States: An Analysis of the Passenger Lists

 

      JOSEPH FERRIE, Northwestern University, and WERNER TROESKEN, University of Pittsburgh—The Past as Prologue: The Effects of Early Life Circumstances at the Community and Household Levels on Mid-Life and Late-Life Outcomes

 

      NATHAN GRAWE and JENNY WAHL, Carleton College—Blacks, Whites, and Brown: Effects on the Earnings of Men and Their Sons

 

      ANDREW SELTZER—Female Clerical Salaries and the Impact of the Feminization of Clerical Labor Markets on Male Employees: Evidence from English Banking

 

Discussants: MARIANNE HINDS WANAMAKER, Northwestern University

      LOU CAIN, Northwestern University

      JACOB VIGDOR, Duke University

      ELYCE ROTELLA, Indiana University

 

 

Jan. 5, 2:30 pm

ES

 

The Development and Labor Market Significance of Noncognitive Skills

 

Presiding:  JAMES J. HECKMAN, University of Chicago

 

CARMIT SEGAL, Harvard University--Misbehavior, Education and Labor Market Outcomes

 

LEX BORGHANS, BAS TER WEEL, Maastricht University, and JAMES J. HECKMAN, University of Chicago--The Economics of Noncognitive Skills

 

FLAVIO CUNHA, JAMES J. HECKMAN, and SUSANNE SCHENNACH, University of Chicago--Estimating the Elasticity of Substitution Between Early and Late Investments in the Technology of Cognitive and Noncognitive Skill Formation

 

SERGIO URZUA, University of Chicago--The Role of Abilities and Schooling Choices in Explaining Racial Labor Market Gaps

 

 

Jan. 5, 2:30 pm

ES

 

International Fluctuations: Cycles and Crises

 

Presiding:  DOIREANN FITZGERALD, University of California-Santa Cruz

 

DOIREANN FITZGERALD, University of California-Santa Cruz--Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test

 

MARIO J. CRUCINI, Vanderbilt University, M. AYHAN KOSE, International Monetary Fund,
and CHRISTOPHER OTROK, University of Virginia--What Are the Driving Forces of International Business Cycles?

 

ENRIQUE G. MENDOZA, University of Maryland, NBER, and International Monetary Fund, and P. MARCELO OVIEDO, Iowa State University--Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer

 

BETTY C. DANIEL, State University of New York-Albany--Averting a Fiscal Financial Crisis within the EMU

 

Discussants: MIKLOS KOREN, Federal Reserve Bank of New York

VIVIAN ZHANWEI YUE, New York University

YAN BAI, Arizona State University

ESPEN R. HENRIKSEN, University of Oslo

 

 

Jan. 5, 2:30 pm

ES

 

Productivity and the Firm

 

Presiding:  THOMAS HOLMES, University of Minnesota

 

ALI HORTACSU and CHAD SYVERSON, University of Chicago and NBER--Why Is Scale So Important in Vertical Integration?

 

DANIEL ACKERBERG, University of California-Los Angeles, KEVIN CAVES, Deloitte and Touche, and GARTH FRAZER, University of Toronto--Structural Identification of Production Functions

 

DENNIS EPPLE, BRETT GORDON, and HOLGER SIEG, Carnegie Mellon University--A Flexible Approach to Estimating Production Functions When Output Prices are Unobserved

 

SUNGJIN CHO, Hanyang University, and JOHN RUST, University of Maryland--Do Firms Maximize Profits? Suboptimal Replacement Decisions by a Profitable Car Rental Company

 

Discussants: THOMAS HOLMES, University of Minnesota

AMIL PETRIN, University of Chicago

MARK J. ROBERTS, Pennsylvania State University

ADAM COPELAND, Bureau of Economic Analysis

 

 

Jan. 5, 2:30 pm

ES

 

Information Transmission in Organizations

 

Presiding:  AMIL DASGUPTA, London School of Economics and CEPR

 

NAVIN KARTIK, University of California-San Diego, MARCO OTTAVIANI, London Business School, and FRANCESCO SQUINTANI, University College London--Credulity, Lies, and Costly Talk

 

JOHN VAN REENEN, London School of Economics, DARON ACEMOGLU, Massachusetts Institute of Technology, PHILIPPE AGHION, Harvard University, FABRIZIO ZILIBOTTI, Stockholm University, and Claire LeLarge, INSEE--Technology, Information and the Decentralization of the Firm

 

DANIEL FERREIRA, Universidade Nova de Lisboa, and RAAJ SAH, University of Chicago--Who Gets to the Top: Generalists versus Specialists in Organizations

 

AMIL DASGUPTA and ANDREA PRAT, London School of Economics and CEPR--Asset Price Dynamics When Traders Care About Reputation

 

 

Jan. 5, 2:30 pm

ES

 

Issues in Multiple Agent Economies

 

Presiding:  XAVIER MATEOS-PLANAS, University of Southampton

 

XAVIER MATEOS-PLANAS, University of Southampton--Tighter Bankruptcy Rules with Endogenous Credit Limits

 

DANNY LEUNG, CESAIRE MEH, and YAZ TERAJIMA, Bank of Canada--Firm Life-Cycle Dynamics and Productivity

 

CARLOS GARRIGA and DON SCHLAGENHAUF, Florida State University--A Theory of Marriage and Divorce

 

GUSTAVO VENTURA, Pennsylvania State University, and NEZIH GUNER, Universidad Carlos III, and REMZI KAYGUSUZ, Pennsylvania State University--Taxation, Aggregates and the Household

 

Discussants: YAZ TERAJIMA, Bank of Canada

IRINA A TELYUKOVA, University of Pennsylvania

GUSTAVO VENTURA, Pennsylvania State University

CARLOS GARRIGA, Florida State University

 

 

Jan. 5, 2:30 pm

ES

 

Technology and Business Cycles

 

Presiding:  R. ANTON BRAUN, University of Tokyo

 

THOMAS LAUBACH, Federal Reserve Board, and JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco—The Response of Hours to Technology Shocks: Much Ado About Nothing?

 

DALE HENDERSON, JINILL KIM, and LUCA GUERRIERI, Federal Reserve Board—What Happens When MFP Grows Faster in the IT Sector?

 

YULEI LUO, University of Hong Kong, and ERIC YOUNG, University of Virginia—Rational Inattention and Aggregate Fluctuations

 

R. ANTON BRAUN, University of Tokyo, TOSHIHIRO OKADA, Kwansei Gakuin University, and
NAO SUDOU, Bank of Japan and Boston University—U.S. R&D and Japanese Medium Term Cycles

 

Discussants:  AGOSTINO CONSOLO, Bocconi University

FRANCESCO COLUMBA, Bank of Italy

MATTHIAS PAUSTIAN, Bowling Green State University

WILLIAM VAN ZANDWEGHE, Carnegie Mellon University

 

 

Jan. 5, 2:30 pm

HERO

 

Health and Aging: Baby Boomers Becoming Senior Citizens

 

Presiding: MICHAEL GROSSMAN, City University of New York and NBER

 

      ROBERT KAESTNER, University of Illinois-Chicago and NBER—Medicare and Health Behaviors

 

      DHAVAL DAVE, Bentley College and NBER, INAS RASHAD, George State University and NBER, and JASMINA SPASOJEVIC, Metropolitan College—The Effects of Retirement on Physical and Mental Health Outcomes

 

      DANIEL POLSKY, JALPA DOSHI, University of Pennsylvania, WILLARD MANNING, University of Chicago, JOSÉ ESCARCE, University of California-Los Angeles, JEANNETTE ROGOWSKI, University of Medicine and Dentistry of New Jersey, SUSAN PADDOCK, RAND Corporation, and LIYI CEN, University of Pennsylvania—The Health Effects of Health Insurance for the Near-Elderly Uninsured

 

Discussants: DONALD KENKEL, Cornell University and NBER

      GREGORY COLMAN, Pace University

      SEAN NICHOLSON, Cornell University and NBER

 

Jan. 5, 2:30 pm

HES

 

Adam Smith as Theologian (B1)

 

Presiding: JERRY EVENSKY, Syracuse University

 

PAUL OSLINGTON, University of New South Wales and Princeton Seminary--The Natural Theological Context of Early Political Economy

 

BRENDAN LONG, Parliament House Canberra and Australian Catholic University--Adam Smith as Theologian

 

DEIRDRE MCCLOSKEY, University of Illinois-Chicago and Erasmus University of Rotterdam--Adam Smith and a Theological Defense of Capitalism

 

JEFFREY YOUNG, St. Lawrence University--Ethics and Theology in Adam Smith

 

 

Jan. 5, 2:30 pm

IOS

Competition Policy in the U.S. and the EU  (L5)

 

Presiding: LAWRENCE WHITE, New York University

 

DENNIS CARLTON, U.S. Department of Justice--Competition Policy at the U.S. Department of Justice

 

LESLIE MARX, Former Chief Economist, Federal Communications Commission--Competition Policy at the U.S. Federal Communications Commission

 

MICHAEL SALINGER, Federal Trade Commission--Competition Policy at the U.S. Federal Trade Commission

 

OLIVER STEHMANN, Directorate–General Competition at the European Commission--Competition Policy at the European Commission

 

Discussant: LAWRENCE WHITE, New York University

 

 

Jan. 5, 2:30 pm

LERA

 

Conflict and Cooperation in Employment Relations “with Chinese Characteristics”

 

Presiding: SIMON CLARKE, University of Warwick

 

      GUILAN YU, Jilin University, China--Employment Cooperation in China’s Creative Industry

 

      HANLING LIU, Guandong Hi-technology Sector, China--Employment Conflict Resolution in China’s Hi-technology Sector

 

      BRENDA C. SUN, Utah State University--Employment Conflict Resolution in China’s Strategic Sector

 

Discussants: SUE FERNIE, London School of Economics 

      XIANGQUAN ZENG, Remin University  

 

 

Jan. 5, 2:30 pm

LERA

 

Healthcare Restructuring: Implications for Union Strategies

 

Presiding:  DEBRA GERARDI, Creighton University

 

      ARIEL AVGAR, Cornell University--Treating Conflict: Alternative Dispute Resolution in the Healthcare Industry

 

      JULIE SADLER, Cornell University--Nurses: Professionals vs. Union Members

 

      AMANDA TATTERSALL, University of Sydney--Success Where Others Fail: Community Unionism in Healthcare, Lessons from Toronto

 

Discussants: REBECCA GIVAN, Cornell University

      DARLENE CLARK, Pennsylvania State University

 

 

Jan. 5, 2:30 pm

LERA

 

The New Arena of Workplace Conflict: Whistleblower Claims: Rights and Remedies

 

Presiding: WILLIAM CANAK, Middle Tennessee State University, and MARLENE HEYSER, Orange County Transportation Authority

 

JON ROSEN, Jon Rosen & Associates

 

PETER BENNETT, The Bennett Law Firm

 

SARA ADLER, Law Office of Sara Adler

 

JED L. MARCUS, Bressler, Amery & Ross, PC

 

 

Jan. 5, 2:30 pm

MEEA

 

Poster Session (A1)

 

Presiding:  HASSAN ALY, Ohio State University

 

SAIF S. AL-SOWAIDI, University of Qatar, and ALI F. DARRAT, Louisiana Tech University--Financial Innovations and the Conduct of Monetary Policy: The Experience of Qatar and the United Arab Emirates

 

ZINE M. BARKA, University of Tlemcen --A Comparative Assessment of the Budget Transparency

 

CANER BAKIR, Koç University, Turkey--Central Bank Governance in Turkey: A Comparative Perspective

 

FATMA DOGRUEL and A.SUUT DOGRUEL, Marmara University--Foreign Debt Dynamics in Middle Income Countries

 

HALA EL-RAMLY, American University in Cairo--Output Convergence Among Arab Countries

 

SAZIYE GAZIOGLU, Middle East Technical University, Turkey, and University of Aberdeen--Stock Market Returns in An Emerging Financial Market: Turkish Case Study

 

HAYKEL HADJ SALEM, FSEG Mahdia and University of Monastir, Tunisia, and DOAA M. SALMAN, October University of Modern Science and Arts, Egypt--The Impact of Policy Volatility in Three Countries of the MENA: Evaluation by a Recursive CGE Model

 

OZAN HATIPOGLU, Bogazici University, and GULENAY OZBEK, New York University--The Political Economy of the Informal Sector and Income Redistribution

 

ALI REZA JALILI, New England College--Philosophy, Methodology, and Impact of Taxation under Islamic Jurisprudence

 

BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Banking Sector Reforms to Sustain Growth in the MENA Region

 

O. MIKHAIL, University of Central Florida--Unlocking the Pharaoh’s Vault? On the Welfare Implications of a Transparent Egyptian Central Bank

 

WASSEEM MINA, United Arab Emirates University--What Determines FDI Inflows to the GCC Countries?

 

NEVINE MOKHTAR EID, Cairo University, Egypt--Financial Integration in Egypt: “A Laugh to Keep from Crying”

 

HILMI NATHALIE and ALAIN SAFA, University of Nice, France--The Impact of Foreign Trade on Economic Growth: The Case of Turkey

 

NAGLA RIZK, American University in Cairo--Competitiveness of the Damietta Furniture Cluster in Egypt

 

EMAN SELIM, Tanta University, Egypt, and Mutah University, Jordan--Egyptian Exchange Rate Bubbles

 

JAY SQUALLI and KENNETH WILSON, Zayed University, UAE--How Open Are Arab Markets?

 

A.YASEMIN YALTA, Fordham University, New York--An Analysis of Capital Flight, Capital Account Liberalization and Investment: The Case of Turkey

 

 

Jan. 5, 2:30 pm

NABE

 

Current Trends and Issues in the American Labor Market

 

Presiding: CARL R. TANNENBAUM, NABE and LaSalle Bank

 

CARL R. TANNENBAUM, NABE and LaSalle Bank--NABE Outlook for Economic Activity, Job Creation, Wages, and Productivity Growth

 

DANIEL G. SULLIVAN, Federal Reserve Bank of Chicago--Decomposition of Trends in Labor Force Participation: How Much Slack Exists in the Job Market?

 

Speaker to be announced--Compensation Trends: The Relationship Between Wages and Benefits and an Evaluation of the Various Measures Of Income

 

Speaker to be announced--Comparison of Wages to Productivity Growth: How Will These Variables Evolve over the Coming Year?

 

Discussants: CARL R. TANNENBAUM, NABE and LaSalle Bank

Other discussants to be announced.

 

 

Jan. 5, 2:30 pm

NAFE

 

Forensic Economics I (K4)

 

Presiding: ARTHUR A. EUBANK, JR., Eubank Economics, Inc.

 

KURT V. KRUEGER, John O. Ward & Associates--Personal Consumption of Household Services

 

THOMAS R. IRELAND, University of Missouri-St. Louis--Valuing Advice, Counsel and Companionship between Parents and Adult Children

 

EDWARD FOSTER, University of Minnesota--Modeling Past Loss of Health Insurance

 

Discussants: LAWRENCE M.  SPIZMAN, State University of New York-Oswego

ROBERT J. THORNTON, Lehigh University

FRANK SLESNICK, Bellarmine University

 

 

Jan. 5, 2:30 pm

NEA

 

Poverty and Place (D6)

 

Presiding: WILLIAM SPRIGGS, Howard University

 

THOMAS D. BOSTON, Georgia Institute of Technology--The Net Social Benefit of Revitalizing Public Housing Projects:  A Case Study of Atlanta

 

RODNEY GREEN, Howard University--People versus Places

 

HAYDAR KURBAN and GAMINIE MEEPAGALA, Howard University--A Spatial Analysis of Impacts of Katrina on People and Places

 

WILLIAM RODGERS, Rutgers University--Does Contractionary Monetary Policy Have Differential Geographic Impacts?

 

LANCE FREEMAN, Columbia University--Spatial Assimilation Among African Americans at the Close of the 20th Century

 

Discussants: MARY KAY PERKINS, Howard University

JOSEPH J. PERSKY, University of Illinois-Chicago

SAMUEL ROSENBERG, Roosevelt University

WILLIAM SPRIGGS, Howard University

 

 

Jan. 5, 2:30 pm

NTA

 

Current Issues in Corporate and International Taxation (H2)

 

Presiding:  DHAMMIKA DHARMAPALA, University of Connecticut

 

DHAMMIKA DHARMAPALA, University of Connecticut, and JAMES R. HINES, JR., University of Michigan--Are Tax Havens Well-Governed?

 

GEORGE CONTOS, Internal Revenue Service, JOSHUA RAUH, and MORTEN SORENSEN, University of Chicago--Taxation and Corporate Financial Policy: Evidence from U.S. Corporate Tax Returns

 

PETER KATUSCAK, CERGE--The Impact of Personal Income Taxation on Executive Compensation

 

Discussants: ATIF MIAN, University of Chicago

      LAURA KALAMBOKIDIS, University of Minnesota

      WILLIAM M. GENTRY, Williams College

 

 

Jan. 5, 2:30 pm

NAEFA

 

Income Distribution (Roundtable)  (D3)

 

Presiding: DOMINICK SALVATORE, Fordham University

 

WILLIAM BAUMOL, Princeton University—On Entrepreneurship and Education as Means Out of Poverty

 

JAGDISH BHAGWATI, Columbia University--Globalization and Income Distribution

 

JAMES W. DEAN, Simon Fraser University and Western Washington University--   Income Distribution and Welfare

 

JAMES K. GALBRAITH, University of Texas-Austin--Inequality and Globalization: False Leads and Smoking Guns in the Quest to Update Kuznets

 

JAMES POTERBA, Massachusetts Institute of Technology--Income Distribution and Tax Policy

 

 

Jan. 5, 2:30 pm

PSSI

 

Terrorism, Conflict and Cooperation

 

Presiding: WALTER ISARD, Cornell University

 

      ALBERTO ABADIE, Harvard University, and SOFIA DERMISI, Roosevelt University—The Financial Impact of Terrorism and the Threat of Terrorism on the Real Estate Market in Chicago

 

      CLAUDE BERREBI, RAND Corporation, and ESTEBAN KLOR, Hebrew University—The Impact of Terrorism on Israeli Voter’s Preferences

     

      RAUL CARUSO, Catholic University of the Sacred Heart of Milan—A Model of Conflict and Conflict Management with Asymmetric Stakes

 

      JOHAN MOYERSOEN, University of Oxford, and MARIEKE HUYSENTRUYT, London School of Economics—Rewarding Diversity for Collective Action

 

Discussants: MICHAEL INTRILIGATOR, University of California-Los Angeles

      RAFAEL REUVENY, Indiana University

 

 

Jan. 5, 2:30 pm

SCE

 

Tutorial on Agent-Based Computational Economics:  Theory with Practice (C0)

Presiding: LEIGH TESFATSION, Iowa State University

LEIGH TESFATSION, Iowa State University--Agent-Based Computational Economics: A Constructive Approach to Economic Theory

 

BLAKE LEBARON, Brandeis University--"Agent-Based Computational Finance: Explaining Empirical Regularities in Financial Markets

 

JOHN DUFFY, University of Pittsburgh--Parallel Experiments with Real and Computational Agents

 

JUNJIE SUN, Iowa State University--Agent-Based Test Beds for Market Design  

 

 

Jan. 5, 2:30 pm

SGE

 

Issues in the Implementation of Monetary Policy

 

Presiding: CHARLES JONES, Columbia University

 

MICHAEL J. FLEMING, Federal Reserve Bank of New York, and MONIKA PIAZZESI, University of Chicago--Monetary Policy Tick-by-Tick

 

      ELLYN BOUKUS, Yale University, and JOSHUA V. ROSENBERG, Federal Reserve Bank of New York--The Information Content of FOMC Minutes

 

SPENCE HILTON and WARREN B. HRUNG, Federal Reserve Bank of New York--Cumulated Excess Reserves and the Federal Funds Rate

 

Discussants: PAOLO PASQUARIELLO, University of Michigan

FRANCIS X. DIEBOLD, University of Pennsylvania           

LINDA ALLEN, Baruch College, City University of New York

 

 

Jan. 5, 2:30 pm

URPE

 

Microfoundations of Heterodox Macroeconomics (B5)

 

Presiding:  CHARLES WHALEN, Perspectives on Work

     

      INGRID RIMA, Temple University—Reconstructing the Microeconomic Foundations for Understanding Labor Market

     

      MICHELE NAPLES, The College of New Jersey—The Microfoundations of  Keynes’ Theory of Passive Supply and Labor Demand

     

      TAE-HEE JO, University of Missouri- Kansas City—Microfoundations of Effective Demand

 

AMITAVA KRISHNA DUTT, University of Notre Dame—Is There a Place for Microfoundations in Heterodox Macroeconomics?

 

Discussants: PETER DORMAN, Evergreen College

      GILBERT L. SKILLMAN, Wesleyan University

 

 

Jan. 5, 2:30 pm

URPE/IAFFE

 

Gender and HIV/AIDS: Sexuality, Health, Education and Economic

Development (I1)

 

Presiding: LAURIE NISONOFF, Hampshire College

     

      YAVUZ YASAR, University of Denver—Gendered Epidemic and De-Gendered Development: HIV/AIDS, Economic Development, and Sexuality in Cambodia

 

      ESTHER REDMOUNT and MEGAN MCCALLISTER, Colorado College—AIDS and the Education of Girls in Swaziland with Particular Attention to Orphanages

 

      MONICA DAS, Delhi University, India, and YAKUB QURAISHI, Secretary, Government of India—Sexuality and Scourge of the Syndrome- An Indian Contact

 

CONSOLATA KABONESA, Makere University, Uganda—Health Sector Reforms, Gender Relations and HIV/AIDS in Hoima District

 

Discussants: CHERYL DOSS, Yale University

      CECILIA CONRAD, Pomona College

 

 

Jan. 5, 4:45 pm

AEA

 

Richard T. Ely Lecture

 

Presiding: THOMAS SARGENT, New York University

 

      LARS HANSEN, University of Chicago

 

 

Jan. 5, 7:00 pm

AAEA

 

T.W. Schultz Memorial Dinner & Keynote Address

 

Presiding: ROBERT EVENSON, Yale University, and WALLACE HUFFMAN, Iowa State University

 

      JAMES HECKMAN, University of Chicago

 

 

Saturday, January 6, 2007

 

Jan. 6, 7:45 am

ASE

 

Presidential Breakfast

 

Presiding: JOHN P. TIEMSTRA, Calvin College

 

DEBORAH M. FIGART, Richard Stockton College of New Jersey—Social Responsibility and Living Standards

 

 

Jan. 6, 8:00 am

AAEA

 

Preserving Rural Land (Q1)

 

Presiding: PETER BERCK, University of California-Berkeley

 

ELENA G. IRWIN, Ohio State University--Measuring Sprawl and Exurban Development: Now You See It, Now You Don’t

 

JACQUELINE GEOGHEGAN, Clark University--Are Farmland Preservation Program Easement Restrictions Capitalized into Farmland Prices?  What Can a Propensity Score Matching Analysis Tell us?

 

PETER BERCK, University of California-Berkeley, and  DAVID NEWBURN, Texas A&M University--The Effects of Rural Residential and Suburban Development on Rural Land Values

 

Discussant: KATHLEEN P. BELL, University of Maine

 

 

Jan. 6, 8:00 am

AEA

 

The Governance of Central Banks: Advances and Challenges

 

Presiding: FRANKLIN ALLEN, University of Pennsylvania

 

      LARS FRISELL, KASPER ROSZBACH, Sveriges Riksbank, and GIANCARLO SPAGNOLO, Stockholm School o Economics—Governing the Governors: A Clinical Study of Central Banks

 

      HAMID MEHRAN, Federal Reserve Bank of New York and ANJAN THAKOR, Washington University-St. Louis—Title to be announced

 

      RENÉE ADAMS, University of Queensland—The Value of Federal Reserve Bank Directorships

 

Discussants: FRANKLIN ALLEN, University of Pennsylvania

      LUIGI ZINGALES, University of Chicago

 

 

Jan. 6, 8:00 am

AEA

 

Medical Innovation and the Social Value of Health Progress

 

Presiding: To be announced.

 

      TOMAS PHILIPSON and ANUPAM JENA, University of Chicago—Innovator Appropriate and the Social Value of Medical Innovation

 

      KEVIN M. MURPHY and ROBERT H. TOPEL, University of Chicago—Social Value and the Speed of Innovation

 

      FRANK R. LICHTENBERG, Columbia University—The Impact of New Drugs on U.S. Longevity and Medical Expenditure, 1990-2003

 

Discussants: To be announced.

 

 

Jan. 6, 8:00 am

AEA

 

Financial Security in Retirement: How Will Baby Boomers Fare? (D9)

 

Presiding: OLIVIA MITCHELL, University of Pennsylvania

 

      MICHAEL HURD and SUSANN ROHWEDDER, RAND—Financial Security in Retirement in Face of Rising Health Care Costs

 

      AXEL BOERSCH-SUPAN, Mannheim Research Institute for the Economics of Aging—Transitioning to Individual Accounts: Consequences for Baby Boomers’ Savings

 

      ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of Pennsylvania—Explaining Wealth Holdings Across Cohorts: The Role of Planning Costs and Financial Education

 

      IRINA GRAFOVA, University of Medicine & Dentistry of New Jersey—Your Money or Your Life: Managing Health, Managing Money

 

Discussants: LUIGI GUISO, University of Rome-Tor Vergata

      NICOLA FUCHS-SCHUENDEIN, Harvard University

 

 

Jan. 6, 8:00 am

AEA

 

Behavioral Contracting

 

Presiding: ANJAN THAKOR, Washington University-St. Louis

 

      FENGHUA SONG and ANJAN THAKOR, Washington University-St. Louis—Incentive Contracting with Psychological Ownership and Objective Ownership

 

      LINDA KAMAS, Santa Clara University, and ANNE PRESTON, Haverford College—On Measuring Compassion in Social Preferences: Do Gender, Price of Giving, or Inequality Matter?

 

      NACI MOCAN, University of Colorado-Denver and NBER—Vengeance

 

      ANAND GOEL, DePaul University, and ANJAN THAKOR, Washington University-St. Louis—Optimal Contracts When Agents Envy Each Other

 

 

Jan. 6, 8:00 am

AEA

 

Peer Effects and Social Interactions (Z1)

 

Presiding: MICHAEL KEANE, Yale University

 

      JENNIFER FOSTER, University of South Australia—Do Students Want to Succeed? Peer Group Choice, Social Influence and Undergraduate Performance

 

      GUSTAVO BOBONIS, University of Toronto, and FREDERICO FINAN, University of California-Berkeley—Endogenous Peer Effects in School Participation

 

      JASON FLETCHER, University of Wisconsin-Madison—Evaluating Economic and Social Interventions That Increase College Enrollment: Academic Standards, Social Status and the Quest for Identity

 

      XIAODONG LIU, JOHN KAGEL, and LUNG-FEI LEE, Ohio State University—Dynamic Discrete Choice Models with Lagged Social Interactions, with an Application to the Estimation of Limit Pricing Games in Lab Experiments

 

Discussant: To be announced.

 

 

Jan. 6, 8:00 am

AEA

 

Understanding the Gender Gap in Wages

 

Presiding: FRANCINE BLAU, Cornell University

 

      JULIE L. HOTCHKISS, Federal Reserve Bank of Atlanta and Georgia State University, and M. MELINDA PITTS, Federal Reserve Bank of Atlanta—The Role of Labor Market Intermittency in Explaining Gender Wage Differentials

 

      QUINN MOORE, Mathematica Policy Research, and HEIDI SHIERHOLZ, University of Toronto—A Cohort Analysis of the Gender Wage Gap

 

      ALICIA SASSER, Federal Reserve Bank of Boston—The Impact of Managed Care on the Gender Earnings Gap Among Physicians

 

      JESSICA WOLPAW REYES, Amherst College—Discrimination and Equilibrium in the Market for Obstetricians and Gynecologists

 

Discussants: BARRY HIRSCH, Trinity University

      LAWRENCE KAHN, Cornell University

      JUDY HELLERSTEIN, University of Maryland

      KENNETH TROSKE, University of Kentucky

 

 

Jan. 6, 8:00 am

AEA

 

Monetary Policy and the Term Structure of Interest Rates

 

Presiding: ORESTE TRISTANI, European Central Bank

 

      SHARON KOZICKI, Bank of Canada, and PETER A. TINSLEY, George Washington University—Term Structure Transmission of Monetary Policy

 

      MONIKA PIAZZESI, University of Chicago, and MARTIN SCHNEIDER, New York University—Bond Supply, Expectations, and the Yield Curve

 

      GLENN D. RUDEBUSCH, Federal Reserve Bank of San Francisco, BRIAN SACK, Macroeconomic Advisers, and ERIC T. SWANSON, Federal Reserve Bank of San Francisco—Macroeconomic Implications of Changes in the Term Premium

 

      PETER HOERDAHL and ORESTE TRISTANI, European Central Bank—Imperfect Policy Credibility, Term Premia and Expectations Puzzles

 

Discussants: FRANK SMETS, European Central Bank

      MIKHAIL CHERNOV, Columbia Business School

      JESSICA WACHTER, University of Pennsylvania

      JUHA SEPPALA, University of Illinois-Urbana-Champaign

 

 

Jan. 6, 8:00 am

AEA

 

Decision Theory: New Methods, New Insights (D1)

 

Presiding: PAUL GLIMCHER, New York University

 

      PAUL W. GLIMCHER, KENWAY LOUIE, and JOSEPH KABLE, New York University—Measuring Discounted Value Using Brain Imaging

 

      ANDREW CAPLIN, MARK DEAN, ERIC DEWITT, and ROBB RUTLEDGE, New York University—Dopamine and Choice

 

      DOUGLAS GALE, New York University, RAYMON FISMAN, Columbia University, and SHACHAR KARIV, University of California-Berkeley—Recovering Preferences from Choices in the Laboratory

 

 

Jan. 6, 8:00 am

AEA

 

Financial Frictions and Aggregate Fluctuations (E4)

 

Presiding: LAWRENCE CHRISTIANO, Northwestern University

 

      LAWRENCE CHRISTIANO, Northwestern University, ROBERTO MOTTO, and MASSIMO ROSTAGNO, European Central Bank—Financial Factors in Business Cycles

 

      SIMON GILCHRIST and JAE SIM, Boston University—Investment during the Korean Financial Crisis: The Role of Foreign-Denominated Debt

 

      ANDREW LEVIN, FABIO NATALUCCI, and EGON ZAKRAJSEK, Federal Reserve Board—Firm-Level Evidence on the Cyclical Behavior of Credit Market Frictions

 

      FIORELLA DE FIORE, European Central Bank, and HARALD UHLIG, Humboldt University—Bank Finance vs Bond Finance: Implications for Monetary Policy

 

 

Jan. 6, 8:00 am

AEA

 

Durable Goods (D1)

 

Presiding: CHRISTOPHER HOUSE, University of Michigan

 

      CHRISTOPHER HOUSE and EMRE OZDENOREN, University of Michigan—Durable Goods and Conformity

 

      LONES SMITH, University of Michigan—A Model of Exchange Where Beauty is in the Eye of the Beholder

 

      IGAL HENDEL, Northwestern University, ALESSANDRO LIZZERI, New York University, and AVIV NEVO, Northwestern University—Non-linear Pricing of Storable Goods

 

      ENNIO STACCHETTI, New York University, and DMITRIY STOLYAROV, University of Michigan—Obsolescence of Durable Goods and Optimal Consumption

 

Discussants: To be announced.

 

 

Jan. 6, 8:00 am

AEA

 

R&D and Business Cycles (E3)

 

Presiding: GADI BARLEVY, Federal Reserve Bank of Chicago

 

      MICHELLE ALEXOPOLOUS, University of Toronto—Read All About It!! What Happens Following a Technology Shock

 

      DIEGO COMIN, New York University—International Medium Term Business Cycles

 

      PATRICK FRANCOIS, University of British Columbia, and HUW LLOYD-ELLIS, Queen’s University—Pro-cyclical R&D and Schumpeterian Cycles

 

      GADI BARLEVY, Federal Reserve Bank of Chicago—On the Cyclicality of Research and Development

 

 

Jan. 6, 8:00 am

AEA

 

Interactive Workshops on Teaching Economics (A2)

 

Presiding: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill

 

      JILL L. CAVIGLIA-HARRIS, Salisbury University—Cooperative Learning and the Essay Exam

 

      ROBERT REBELEIN, Vassar College, and NICOLE B. SIMPSON, Colgate University—A Classroom Experiment on Exchange Rate Determination

 

      THOMAS A. CREAHAN, Morehead State University—New Insights from In-Class Experiments: Using Excel to Post and Analyze Results on the Spot

 

Discussants: GAIL HAFER, St. Louis Community College-Meramec

      PAVEL KAPINOS, Carleton College

 

 

Jan. 6, 8:00 am

AEA

 

Global Current Account Imbalances and Their Adjustment Mechanism (F3)

 

Presiding: LORENZO BINI SMAGHI, European Central Bank

 

      PIERRE-OLIVIER GOURINCHAS, CARLOS FELIPE LOPEZ, University of California-Berkeley, and HELENE REY, Princeton University—World Bankers: External Adjustment in the U.S. and the UK

 

      JAUME VENTURA and FERNANDO BRONER, Universitat Pompeu Fabra—Rethinking the Effects of Financial Liberalization in Emerging Markets

 

      PHILIP LANE, Trinity College Dublin, and GIAN-MARIA MILESI-FERRETTI, International Monetary Fund—Europe and Global Imbalances

 

      MATTHIEU BUSSIERE, MARCEL FRATZSCHER, European Central Bank, and GERNOT MUELLER, Frankfurt University—On the Adjustment Process to Long-Run Equilibria of Current Account Positions

 

Discussants: OLIVIER BLANCHARD, Massachusetts Institute of Technology

      RICARDO CABALLERO, Massachusetts Institute of Technology

      MENZIE CHINN, University of Wisconsin-Madison

      PAOLO PESENTI, Federal Reserve Bank of New York

 

 

Jan. 6, 8:00 am

AEA

 

Intrafamily Allocation (D1)

 

Presiding: JUSTIN WOLFERS, University of Pennsylvania

 

                     MARTIN BROWNING and METTE GERTZ, University of Copenhagen—Spending Time and Money within the Household

 

      STEVEN HAIDER, Michigan State University, and KATHLEEN MCGARRY, University of California-Los Angeles, and NBER—Reliance on Family Support: Differences across the Income Distribution

 

      LILIANA PEZZIN, Medical College of Wisconsin, ROBERT POLLAK, Washington University-St. Louis and NBER, and BARBARA SCHONE, Agency for Healthcare Research and Quality—Efficiency in Family Bargaining: Living Arrangements and Caregiving Decisions of Adult Children and Disabled Parents

 

Discussants: NANCY FOLBRE, University of Massachusetts-Amherst

      SHELLY LUNDBERG, University of Washington

      BETSEY STEVENSON, University of Pennsylvania

      ROBERT WILLIS, University of Michigan

 

 

Jan. 6, 8:00 am

AEA

 

Violence and Wars (D7)

 

Presiding: FALI HUANG, Singapore Management University

 

      ALEXIA BRUNET, Northwestern University—Show Me the Money: Pork Barrel Politics and Homeland Security Grant Allocations

 

      ANIRUDDHA MITRA and SUSAN JELLISSEN, University of Illinois-Urbana-Champaign—Manipulating Discontent: A Simple Model of Suicide Terrorism

 

      CATHERINE DE FONTENAY, University of Melbourne—Crime against Globalization

 

      FALI HUANG, Singapore Management University—The Coevolution of Economic and Political Development

 

 

Jan. 6, 8:00 am

AEA

 

Experiments on Social Interaction

 

Presiding: DOROTHEA HERREINER, Loyola Marymount University

 

      MICHAEL BRADY, BRIAN ROE, and STEVEN WU, Ohio State University—Social Preference Aggregation in Groups

 

      ANDREW HEALY, Loyola Marymount University—How Do People Learn by Listening to Others? Experimental Evidence from Thailand

 

      LEEAT YARIV and JACOB GOEREE, California Institute of Technology—An Experimental Study of Deliberative Voting

 

      DOROTHEA HERREINER, Loyola Marymount University—The Relevance of Envy Freeness as Fairness Criterion

 

 

Jan. 6, 8:00 am

AEA

 

Improving Child Outcomes: What Works and What Doesn’t

 

Presiding: JANET CURRIE, Columbia University

 

      RAJASHRI CHAKRABARTI, Harvard University—The Intended and Unintended Consequences of the No Child Left Behind

 

      DAVID FRISVOLD, University of Michigan—Head Start Participation and Childhood Obesity

 

      LUIS LOCAY, TRACY REGAN, University of Miami, and ARTHUR M. DIAMOND, University of Nebraska-Omaha—The Effects of Spanish-Language Background on Schooling and Achievement

 

      PATRICK EMERSON, University of Colorado—Is Child Labor Harmful? The Impact of Working Earlier in Life on Adult Earnings

 

Discussants: JENS LUDWIG, Georgetown University

      JULIE B. CULLEN, University of California-San Diego

      AIMEE CHIN, University of Houston

      MARIGEE BACOLOD, University of California-Irvine (tentative)

 

 

Jan. 6, 8:00 am

AEA

 

Education and Democracy (O1)

 

Presiding: SIMON JOHNSON, Massachusetts Institute of Technology

 

      EDWARD GLAESER, GIACOMO PONZETTO, and ANDREI SHLEIFER, Harvard University—Why Does Democracy Need Education?

 

      ANTONIO SPILIMBERGO, International Monetary Fund—Foreign Education and Democracy

 

      DARON ACEMOGLU and SIMON JOHNSON, Massachusetts Institute of Technology—Education and Institutions

 

Discussants: CHRISTOPHER M. MEISSNER, University of Cambridge, UK

      TIMOTHY BESLEY, London School of Economics

      TORSTEN PERSSON, Institute for International Economic Studies, Sweden

 

 

Jan. 6, 8:00 am

AEA

 

Social Interactions and Economic Behavior (H0)

 

Presiding: JEFFREY BROWN, University of Illinois-Urbana-Champaign

 

      JEFFREY BROWN, ZORAN IVKOVICH, University of Illinois-Urbana-Champaign, PAUL SMITH, Federal Reserve Board, and SCOTT WEISBENNER, University of Illinois-Urbana-Champaign and NBER—Neighbors Matter: Community Effects and Stock Market Participation

 

      KATIE CARMAN, Tilburg University, The Netherlands—Social Influences and the Private Provision of Public Goods: Evidence from Charitable Contributions in the Workplace

 

      ARIE KAPTEYN, RAND and Tilburg University, The Netherlands, PETER KOOREMAN, University of Groningen, PETER KUHN, University of California-Santa Barbara, and ADRIAAN SOETEVENT, University of Amsterdam—Measuring Social Interactions: Results from the Dutch Post Code Lottery

 

Discussants: TOBIAS MOSKOWITZ, University of Chicago

      KARL SCHOLZ, University of Wisconsin-Madison

      BRUCE SACERDOTE, Dartmouth College

 

 

Jan. 6, 8:00 am

AEA/CES

 

China’s Public Finance and Institutional Changes (H0)

 

Presiding: YINGYI QIAN, University of California-Berkeley

 

DANIEL W. BROMLEY, University of Wisconsin, and YANG YAO, Peking University-- Modeling Institutional Change: China since 1978

 

LIXING LI, University of Maryland—Rewarding and Bargaining: The Political Economy of China’s Local Administrative Changes

 

RENFU LUO, JIKUN HUANG, LINXIU ZHANG, Chinese Academy of Sciences, and SCOTT ROZELLE, University of California-Davis and Giannini Foundation--Elections, Fiscal Reform and Public Goods Provision in Rural China

 

YI YAO, Cornell University, and XIAOBO ZHANG, International Food Policy Research Institute--Fiscal Decentralization, Regional Competition, and Economic Performance: Evidence from County-Level Data in China

 

Discussants: SCOTT ROZELLE, University of California-Davis and Giannini Foundation

XIAOBO ZHANG, International Food Policy Research Institute

INXIU ZHANG, Chinese Academy of Sciences

YANG YAO, Peking University

 

 

Jan. 6, 8:00 am

AEA/KAEA

 

North Korean Economy at a Crossroads (P2)

 

Presiding: JAMES LISTER, Korea Economic Institute of America

 

      THOMAS PARK, Wayne State University—The North Korean Famine and Humanitarian Assistance

 

      BERNHARD SELIGER, Hanns Seidel Foundation Korea—North Korean Monetary and Exchange Rate Policies: Is There a Way Out of Hyperinflation?

 

      JOACHIM AHRENS, European Business School—North Korea: From Failing Towards Reforming State: A Governance Perspective

 

      SEMOON CHANG, University of South Alabama—U.S. Economic Sanctions on North Korea

 

Discussants: JUDITH THORNTON, University of Washington

      ELLIOTT PARKER, University of Nevada-Reno

      SUK KIM, University of Detroit Mercy

      THOMAS PARK, Wayne State University

 

 

Jan. 6, 8:00 am

AFA

 

Exploring Asset Pricing Anomalies

 

Presiding: JONATHAN LEWELLEN, Dartmouth College

 

      LUBOS PASTOR and PIETRO VERONESI, University of Chicago—Technological Revolutions and Stock Prices

 

      TONI M. WHITED, University of Wisconsin-Madison, and LU ZHANG, University of Rochester—Testing the Q-Theory of Anomalies

 

      WALTER N. TOROUS, ROSSEN I. VALKANOV, and ALBERTO PIAZZI, University of Verona—Expected Returns and the Expected Growth in Rents of Commercial Real Estate

 

Discussants: LEONID KOGAN, Massachusetts Institute of Technology

      SYDNEY LUDVIGSON, New York University

      MARKUS BRUNNERMEIER, Princeton University

 

 

Jan. 6, 8:00 am

AFA

 

Portfolio Choice

 

Presiding: DIMITRI VAYANOS, London School of Economics

 

      PAUL WILLEN, Federal Reserve Board, and FELIX KUBLER, University of Mannheim—Collateralized Borrowing and Life-Cycle Portfolio Choice

 

      OTTO VAN HEMERT, New York University—Life-Cycle Housing and Portfolio Choice with Bond Markets

 

      JULES H. VAN BINSBERGEN, MICHAEL W. BRANDT, Duke University, and RALPH S.J. KOIJEN, Tilburg University—Optimal Decentralized Investment Management

 

Discussants: HANNO LUSTIG, University of California-Los Angeles

      FRANCISCO GOMES, London Business School

      PHILIP DYBVIG, Washington University-St. Louis

 

 

Jan. 6, 8:00 am

AFA

 

The Dynamics of International Equity Markets

 

Presiding: ANDREW KAROLYI, Ohio State University

 

      ESTHER EILING, Tilburg University, and BRUNO GERARD, Norwegian School of Management—Dispersion, Equity Returns Correlations and Market Integration

 

      SOHNKE M. BARTRAM, STEPHEN J. TAYLOR, and YAW-HUEI WANG, Lancaster University—The Euro and European Financial Market Dependence

 

      GEERT BEKAERT, ROBERT J. HODRICK, Columbia University, and XIAOYAN ZHANG, Cornell University—International Stock Return Co-movements

 

Discussants: FRANCESCA CARRIERI, McGill University

      FRANS DE ROON, Tilburg University

      CHEOL EUN, Georgia Institute of Technology

 

 

Jan. 6, 8:00 am

AFA

 

Capital Structure

 

Presiding: MICHAEL ROBERTS, University of Pennsylvania

 

      XIN CHANG, University of Melbourne, and SUDIPTO DASGUPTA, Hong Kong University of Science & Technology—Do Firms Have Debt Ratio Targets? A Reevaluation of the Evidence

 

      VAHAP B. UYSAL, University of Oklahoma—Deviation from the Target Capital Struture and Acquisition Choices

 

      MURRAY CARLSON and ALI LAZRAK, University of British Columbia—Leverage Choice and Credit Spread Dynamics When Managers Risk Shift

 

Discussants: MICHAEL LEMMON, University of Utah

      MARK LEARY, Duke University

      ILYA STREBULAEV, Stanford University

 

 

Jan. 6, 8:00 am

AFA

 

M&A

 

Presiding: STEVEN KAPLAN, University of Chicago

 

      ULRIKE MALMENDIER, Stanford University, and ENRICO MORETTI, University of California-Berkeley—Winning by Losing: Evidence on Overbidding in Mergers

 

      DARREN J. KISGEN, JUN QIAN, Boston College, and WEIHONG SONG, University of Cincinnati—Are Fairness Opinions Fair? The Case of Mergers and Acquisitions

 

      ERIK DEVOS, Ohio University, PALANI-RAJAN KADAPAKKAM, University of Texas-San Antonio, and SRINIVASAN KRISHNAMURTHY, State University of New York-Binghamton—How Do Mergers Create Value? A Comparison of Taxes, Market Power and Efficiency Improvements as Explanations for Synergies

 

      JINGHUA YAN, University of Pennsylvania—Prisoners’ Dilemma: Theory and Evidence of Horizontal Mergers

 

Discussants: MICHAEL WEISBACH, University of Illinois-Urbana-Champaign

      MATTHEW RHODES-KROPF, Columbia University

      ERIK STAFFORD, Harvard University

      C. EDWARD FEE, Michigan State University

 

 

Jan. 8, 8:00 am

AREUEA

 

REIT Finance

 

Presiding: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison

 

WALTER I. BOUDRY,  JARL G. KALLBERG, and CROCKER H. LIU, Arizona State University--Analysts and Underwriter Choice

 

JING DAI,  SEOW-ENG ONG, National University of Singapore, and ANDREW C. SPIELER, Hofstra University--Cash Flow Volatility and Dividend Policy for U.S. REITs

 

HONGHUI CHEN, University of Central Florida, DAVID H. DOWNS, Virginia Commonwealth University, and GARY A. PATTERSON, University of South Florida--The Short Interest Market for Publicly Traded Real Estate

 

ERIK LAM and DOGAN TIRTIROGLU, University of Cambridge--A New Era: Real Estate Industry in the S&P500 Indices

 

Discussants: JAMES SHILLING, University of Wisconsin
 ZHONGHUA WU, Florida International University
 KO WANG, Baruch College, CUNY
 JOSEPH PAGLIARI, Northwestern University

 

 

Jan. 6, 8:00 am

AREUEA

 

Housing and Household Wealth

 

Presiding: KAREN M. PENCE, Federal Reserve Board

 

YAN Y. LEE, Federal Deposit Insurance Corporation--Does Homeownership Decrease Crime? Evidence from the City of Los Angeles, 1983-2000

 

JONATHAN D. FISHER and ELLIOT D. WILLIAMS, Bureau of Labor Statistics--Home Maintenance and Investment Decisions

 

JOSEPH BENNETT NICHOLS, Federal Reserve Board--How Do Local Housing Market Cycles Affect Long-Term Wealth Accumulation?

 

GARY V. ENGELHARDT, Syracuse University--Social Security and Elderly Homeownership: Evidence from the Social Security Notch

 

Discussants: ROBERT AVERY, Federal Reserve Board
THOMAS DAVIDOFF, University of California-Berkeley
ERIK HURST, University of Chicago
LEORA FRIEDBERG, University of Virginia

 

 

Jan. 6, 8:00 am

AREUEA

 

Local Policy Impacts on Property Markets

 

Presiding: WAYNE R. ARCHER, University of Florida

 

HENRY J. MUNNEKE, and A. MONIQUE PARKES, University of Georgia--An Evaluation of Economic Development Programs and Their Impact on Residential House Prices

 

DOUGLAS SIMPSON NOONAN, Georgia Institute of Technology, and BRETT M. BADEN, Tufts University--Single-family vs. Multi-family: The Effect of Impact Fees Upon Construction Type

 

CAROLYN DEHRING, University of Georgia, CRAIG DEPKEN, and  MICHAEL WARD, University of Texas-Arlington--The Impact of Stadium Announcements on Residential Property Values: Evidence from a Natural Experiment in Dallas-Fort Worth

 

LEAH BROOKS, McGill University--Unveiling Hidden Districts: Describing and Assessing the Adoption Patterns of Business Improvement Districts in California

 

Discussants: DONALD HAURIN, Ohio State University
GREGORY S. BURGE, Florida State University
THOMAS THIBODEAU, University of Colorado
KERRY VANDELL, University of California-Irvine

 

 

Jan. 6, 8:00 am

ACES

 

Foreign Direct Investment and Development (O0)

 

Presiding: KATHERINE TERRELL, University of Michigan

 

LAURA ALFARO, Harvard Business School, AREENDAM CHANDA, North Carolina State University, SEBNEM KALEMLI-OZCAN, University of Houston, and SELIN SAYEK, International Monetary Fund--FDI and Economic Growth: The Role of the Local Financial Markets

 

JENS M. ARNOLD, Bocconi University, Italy and World Bank, and BEATA SMARZYNSKA JAVORCIK, World Bank--Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia?

 

MEGHANA AYYAGARI and RENATA KOSOVA, George Washington University--Effect of FDI on Entrepreneurship: Evidence from the Czech Republic

 

      YUIRY GORODNICHENKO, JAN SVEJNAR, and KATHERINE TERRELL, University of Michigan--Vertical and Horizontal Spillovers from FDI: Evidence from 15 Transition Economies

 

Discussants: ANN HARRISON, University of California-Berkeley

      GORDON HANSON, University of California-San Diego

      FREDRIK SJÖHOLM, Stockholm School of Economics

 

 

Jan. 6, 8:00 am

AFEE

 

Coping under Changing Economic Circumstances (D6)

 

Presiding: GEOFFREY SCHNEIDER, Bucknell University

 

ROBERT H. SCOTT III, Monmouth University--Credit Card Use and Abuse: A Veblenian Analysis

 

CHRISTIAN WELLER, Center for American Progress--Need or Want: Explaining the Rise in

Consumer Credit in the U.S. 

 

WILFRED DOLFSMA, Erasmus University, Rotterdam, and ROBERT MCMASTER, University of

Aberdeen, UK--Bankruptcy and (of?) Chicago School of Law and Economics – Toward an

Institutional Economic Analysis of Law

 

JAMES PEACH, New Mexico State University--Institutional Perspectives on Immigration Policy

 

HOWARD STEIN, University of Michigan--Employment and Accumulation? The ‘Poverty’ of

Poverty Reduction Strategies in Africa

 

Discussant:  MAYO TORUNO, California State University-San Bernardino

 

 

Jan. 6, 8:00 am

ASGE

 

The Estate Tax and Charitable Bequests (H2)

 

Presiding: ELEANOR BROWN, Pomona College

 

ROB MCCLELLAND, U.S. Bureau of Labor Statistics-- Charitable Bequests and the Repeal of the Estate Tax

 

DAVID JOULFAIAN, U.S. Treasury -- Charitable Bequests under a Vanishing Estate Tax: Evidence from Recent Trends in Giving

 

JON BAKIJA, Williams College--New Evidence on the Effects of Taxes on Charitable Bequests

 

Discussants: GERALD AUTEN, U.S. Department of the Treasury

WOJCIECH KOPCZUK, Columbia University

MARK WILHELM, Indiana University-Purdue University-Indianapolis

 

Jan. 6, 8:00 am

AERE

 

Measuring Environmental Preferences and Performance (Q5)

 

Presiding:  GLENN BLOMQUIST, University of Kentucky

 

CHIH-CHEN LIU, JOSEPH A. HERRIGES, and CATHERINE L. KLING, Iowa State University--What Are the Consequences of Consequentiality?

 

TRUDY CAMERON and DAN BURGHART, University of Oregon--Discounting versus Risk Aversion

 

MAXIMILIAN AUFHAMMER, University of California-Berkeley, ANTONIO M. BENTO, University of Maryland, and SCOTT LOWE, University of California-Santa Barbara--Measuring the Effects of Environmental Regulations: The Critical Importance of Spatially Disaggregated Air Modeling

 

ANNA ALBERINI, University of Maryland, STEFANIA TONIN, MARGHERITA TURVANI, University of Venice-IUAV, and ALINE CHIABAI, Fondazione Eni Enrico Mattei, Venice--Paying for Permanence:  The VSL and Public Preferences for Contaminated Site Cleanup

 

Discussants: NICHOLAS E. FLORES, University of Colorado-Boulder

MICHAEL HANEMANN, University of California-Berkeley

WOLFRAM SCHLENKER, Columbia University

LAURA O. TAYLOR, Georgia State University

 

 

Jan. 6, 8:00 am

AIES

 

Issues in Economic Growth and Development (F1, F2, F3)

 

Presiding: SURESH DESAI, Montclair State University

 

      CHANDANA CHAKRABORTY and PETER NUNNENKAMP, Montclair State University—Economic Reforms, Foreign Direct Investment and Their Impact on Indian Economy

 

      ISHAQ NADIRI, New York University, BANANI NANDI, AT&T, and CHANDANA CHAKRABORTY, Montclair State University—Telecommunications Infrastructure, Intensity and Productivity in the U.S.

 

      HANS-PETER BRUNNER, Asian Development Bank—Trade, Technology and Institutions

 

      SYED HYAT, Siena College, and GAURAV AGRAWAL, Rensselaer Polytechnic Institute—Technology Driven Services Sector Growth in India

 

      KANKANA MUKHERJEE, Worcester Polytechnic Institute—Energy Use Efficiency in Indian Manufacturing Sector, a Nonparametric Analysis

 

      DEBASRI MUKHERJEE, Western Michigan University—Polio Count: Indian Evidence

 

      PAUL MELVIN and SUBHASH SHARMA, Southern Illinois University—Sustainability of Indian Economic Growth, a Total Productivity Analysis

 

      BRINDA SOOREEA-BHEEMUL, London Metropolitan University, and RAJEEV SOOREEA, Pennsylvania State University—“Inward” Foreign Direct Investment

 

Discussants: APARAJIT NANDI, Queens College, City University of New York

      RENU KALLIANPUR, AXA Advisors

      SUHAS KETKAR, Vanderbilt University

      CHAITRAM TALELE, Columbia State University

 

 

Jan. 6, 8:00 am

ES

 

Public Economics

 

Presiding:  RUSSELL W. COOPER, University of Texas-Austin

 

FRANCOIS GOURIO and JIANJUN MIAO, Boston University--A General Equilibrium Analysis of the Dividend Tax Cut

 

JANG-TING GUO, University of California-Riverside, and SHARON G. HARRISON, Barnard College, Columbia University--Useful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules

 

LAURA POWER, U.S. Department of the Treasury, and MICHAEL KILEY, Federal Reserve Board--Efficient Depreciation Allowances

 

ADITYA GOENKA, University of Essex and National University of Singapore, and CHRISTOPHE PRECHAC, University of Paris 1--Stabilizing Sunspots

 

Discussants: RUSSELL W. COOPER, University of Texas-Austin

STEPHANIE SCHMITT-GROHE, Duke University

 

 

Jan. 6, 8:00 am

ES

 

Empirical Likelihood and GMM

 

Presiding: YUICHI KITAMURA, Yale University

 

WHITNEY K. NEWEY, Massachusetts Institute of Technology, and FRANK WINDMEIJER, University of Bristol--Generalized Empirical Likelihood with Many Weak Moment Conditions

 

BERTILLE ANTOINE, University of Montreal and CIREQ, and ERIC RENAULT, University of North Carolina, CIRANO and CIREQ--Efficient GMM with Multiple Rates of Convergence and Applications to Nearly-Weak Identification

 

YUICHI KITAMURA and TAISUKE OTSU, Yale University--A Robust and Efficient Estimator for Moment Condition Models

 

FALLAW SOWELL, Carnegie Mellon University--An Empirical Saddlepoint Approximation to the Distributions in One-Step GMM Estimators

 

 

Jan. 6, 8:00 am

ES

 

Structural Change, Trade and Growth

 

Presiding:  NANCY STOKEY, University of Chicago

 

DOUGLAS GOLLIN, Williams College, STEPHEN PARENTE, University of Illinois, and RICHARD ROGERSON, Arizona State University--Miracle Economies and Miracle Seeds: Agricultural Development, Structural Transformation, and Economic Growth

 

CRISTINA ECHEVARRIA, University of Saskatchewan, and CHRISTOPHER HAJZLER, University of Western Ontario--A Global Unbalanced Growth Path

 

WILBUR JOHN COLEMAN II, Duke University--Accommodating Emerging Giants

 

TIMOTHY J. KEHOE, University of Minnnesota and Federal Reserve Bank of Minneapolis,
and KIM J. RUHL, University of Texas--How Important is the New Goods Margin in International Trade?

 

Discussants: CHRIS PISSARIDES, London School of Economics

DIEGO RESTUCCIA, University of Toronto

AYSE IMROHOROGLU, University of Southern California

FRANCISCO BUERA, Northwestern University

 

 

Jan. 6, 8:00 am

ES

 

Industrial Organization of Health Care Markets

 

Presiding:  DAVID DRANOVE, Northwestern University

 

DAVID DRANOVE and MARK SATTERTHWAITE, Northwestern University--A Model of Bargaining in Option Demand Markets

 

KATHERINE HO, Columbia University--Why So Few Integrated Plans? Simulating the Impact of an Alternative Health Insurance Strategy

 

RAJIV SHARMA, Portland State University, MIRON STANO, Oakland University, and RENU GEHRING, Ace-Cube LLP--Short-Term Fluctuations in Hospital Demand: Implications for Admission, Discharge, and Discriminatory Behavior

 

GAUTAM GOWRISANKARAN, Washington University-St. Louis, MICHAEL CHERNEW, Harvard University, and DENNIS SCANLON, Pennsylvania State University--Learning and the Value of Information: Evidence from Health Plan Report Cards

 

Discussants: PHILIP A. HAILE, Yale University

MARTIN GAYNOR, Carnegie Mellon University

FIONA SCOTT-MORTON, Yale University

LEEMORE S. DAFNY, Northwestern University

 

 

Jan. 6, 8:00 am

ES

 

Structural Estimation: Theory and Applications

 

Presiding:  JOHN RUST, University of Maryland

 

BERNARD FORTIN, Universite Laval, NICOLAS JACQUEMET, CREST, and BRUCE SHEARER, Universite Laval--Compensation, Incentives and the Practice Patterns of Physicians

 

HIROYUKI KASAHARA, University of Western Ontario, and KATSUMI SHIMOTSU, Queen's University--Nested Pseudo-likelihood Estimation and Bootstrap-based Inference for Structural Discrete Markov Decision Models

 

TIMOTHY P. HUBBARD and HARRY J. PAARSCH, University of Iowa--Investigating Bid Preferences at Low-Price, Sealed-Bid Auctions

 

VICTOR AGUIRREGABIRIA and CHUN-YU HO, Boston University--Estimating the Structure of Sunk Costs in the US Airline Industry

 

 

Jan. 6, 8:00 am

ESA

 

Reputation and Indirect Reciprocity: The Evolution of Cooperation (C9)

 

Presiding: ARTHUR SCHRAM, University of Amsterdam

 

DIRK ENGELMANN, Royal Holloway, University of London, and URS FISCHBACHER, University of Zurich--Indirect Reciprocity and Strategic Reputation Building in an Experimental Helping Game

     

TIMOTHY CASON, Purdue University, ARNO RIEDL, Maastricht University, ARTHUR SCHRAM, and ALJAŽ ULE, CREED, University of Amsterdam--Indirect Punishment

 

SAMUEL BOWLES, Santa Fe Institute and University of Siena, JEFFREY CARPENTER, Middlebury College, HERBERT GINTIS, Santa Fe Institute and Central European University-- Mutual Monitoring in Teams

 

GARY BOLTON, Pennsylvania State University, CLAUDIA LOEBBECKE, and AXEL OCKENFELS, University of Cologne--How Reputation Information Interacts with Competition in Anonymous Online Trading: An Experimental Study

     

Discussants: TIMOTHY CASON, Purdue University

ROBERTO WEBER, Carnegie Mellon University

ARTHUR SCHRAM, CREED, University of Amsterdam

TIMOTHY SALMON, Florida State University

 

 

Jan. 6, 8:00 am

IOS

 

Contracting with Limited Information (D8)

 

Presiding:  JENNIFER REINGANUM, Vanderbilt University

 

DIRK BERGEMANN, Yale University--Information in Mechanism Design

 

ANDREW F. DAUGHETY and JENNIFER F. REINGANUM, Vanderbilt University--Hidden Talents: Partnerships and Pareto-Improving Privacy

 

NAVIN KARTIK, University of California-San Diego, and R. PRESTON MCAFEE, California Institute of Technology--Signaling Character in Electoral Competition

 

SIMON WILKIE, University of Southern California--Contract Renegotiation and Arbitration

 

Discussants: DONGSOO SHIN, Santa Clara University

MICHAEL RAITH, University of Rochester

RICK HARBAUGH, Indiana University

ALEXANDER RASKOVICH, U.S. Department of Justice

 

 

Jan. 6, 8:00 am

IEFS

 

Exchange Rates and the Current Account

Presiding: MARIO J. CRUCINI, Vanderbilt University

DAVID PARSLEY, Vanderbilt University, and HELEN POPPER, Santa Clara
University--Understanding Real Exchange Rate Movements When Trade is in
Middle Products

LUKASZ DROZD and JAROMIR NOSAL, University of Minnesota--Endogenous Markups, Market Expansion Frictions and International Pricing Anomalies

TANYA MOLODTSOVA and DAVID PAPELL, University of Houston--Out-of-Sample Exchange Rate Predictability with Taylor Rule Fundamentals

ESPEN HENRIKSEN, University of Oslo, and FREDERIC LAMBERT,  New York
University--Technology Shocks and Current Account Dynamics


Discussants: LINDA TESAR, University of Michigan

VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and New York University

MOTOTSUGU SHINTANI, Vanderbilt University

MARIO J. CRUCINI, Vanderbilt University

 

Jan. 6, 8:00 am

INEM

 

Theory and Evidence in Economics

 

Presiding: MATTHIAS KLAES, University of Keele, United Kingdom

 

      OLIVER E. WILLIAMSON, University of California-Berkeley—Pragmatic Methodology

 

      ROBERT S. GOLDFARB and JONATHAN RATNER, George Washington University—Illuminating Competing Visions of the Model-Empirics Nexus: Solow versus Lipsey et al

 

      JULIE A. NELSON, Tufts University—Ethics, Evidence and International Debt

 

      ART DIAMOND, University of Nebraska-Omaha—What Counts as Good Evidence That Creative Destruction is the Essential Fact about Capitalism?

 

Discussants: D. WADE HANDS, University of Puget Sound

      MATTHIAS KLAES, University of Keele, United Kingdom

 

 

Jan. 8, 8:00 am

LERA

 

Applying International Human Rights at the Workplace in a Global Economy

 

Presiding: JANICE BELLACE, University of Pennsylvania

 

      KAREN CURTIS, International Labor Organization--The ILO’s Declaration of Fundamental Principles and Rights at Work      

 

EDWARD E. POTTER, Coca-Cola Company--The Observance of International Labor Standards at Workplace Level

 

OWEN HERRNSTADT, International Association of Machinists--International Framework Agreements and Other Strategies for Corporate Social Responsibility

 

ARNOLD M. ZACK, Harvard University--Using Mediation to Further Compliance with International Labor Standards

 

EILEEN B. HOFFMAN, Federal Mediation and Conciliation Services--The Use of Mediation in Developing Countries

 

 

Jan. 6, 8:00 am

LERA

 

Bankruptcy and Labor Relations

 

Presiding: DAVID LEWIN, University of California-Los Angeles

      HARRY KATZ, Cornell University

      NIRAJ GANATRA, UAW

 

 

Jan. 6, 8:00 am

LERA

 

LERA Refereed Papers – Collective Bargaining, Dispute Resolution, Labor

Unions/Labor Studies, and International/Comparative IR/HR

 

Presiding: HOWARD STANGER, Canisius College

 

GREGOR GALL, University of Stirling, and DAVID ALLSOP, University of Hertfordshire—Labour Quiescence Continued? Recent Strike Activity in Western Europe

 

ELIZABETH HOFFMANN, Purdue University—Homecare Dispute Resolution

 

MARK STUART, University of Leeds, and MIGUEL MARTÍNEZ LUCIO, University of Bradford—A Bridge over Troubled Water: The Role of the British Advisory, Conciliation and Arbitration Service (ACAS) in Facilitating Labour-Management Consultation in Public Sector Transformation

 

BARRY FRIEDMAN, STEVEN E. ABRAHAM, State University of New York-Oswego, and RANDALL K. THOMAS, Harris Interactive, Inc.—Union Membership, Facet Satisfaction and Intent to Leave: Further Evidence on the Voice Face of Unions

 

Discussants: ANTHONY ZUMBOLO, New York State Public Employment Relations Board

      BETH ALMEIDA, International Association of Machinists and Aerospace Workers

 

 

Jan. 6, 8:00 am

MEEA

 

Conflict, Governance, and Economic Performance (D7, O1, P1

)

Presiding:   MINE CINAR, Loyola University

 

BAHAR ARAZ-TAKAY, Hacettepe University, Turkey, K. PEREN ARIN, Massey University, New Zealand, and TOLGA OMAY, Cankaya University, Turkey--The Endogenous Relationship Between Terrorism and Economic Performance: Turkish Evidence

 

MEHMET SERKAN TOSUN and ARZU SEN, West Virginia University--Preventing Regional Conflicts as a Global Public Good: the Case of the MENA Region

 

AYÇA TEKIN-KORU, Oregon State University--The Mystery of Almost Non-Existent FDI in the Middle East and North Africa: Severe Investment Climates Or Regional Stereotyping?

 

AGNIESZKA SKURATOWICZ, European Commission--The Political Economy of Reforms in the Southern Mediterranean Countries and the European Neighborhood Policy

 

ADEL BOUGHRARA, University of Sousse, Tunisia--Does Corruption Affect Monetary Authorities?

 

Discussants: OZAN HATIPOGLU, Bogazici University

JEFFREY NUGENT, University of Southern California

MICHAEL TWOMEY, University of Michigan-Dearborn

SALPIE DJOUNDOURIAN, Lebanese American University

O. MIKHAIL, University of Central Florida

 

 

Jan. 6, 8:00 am

NAEE/NCEE

 

Economic Education: Perspectives on Student Learning from Abroad  (A2)

 

Presiding: JOHN SCOTT, North Georgia College and State University                         

 

PETER DAVIES and JEAN MANGAN, Staffordshire University--Embedding Threshold Concepts Using Reflective Exercises

 

COSTAS SIRIOPOULOS and GERASIMOS POMONIS, University of Patras--A Comparative Analysis of Economics Graduates’ Learning Styles and Critical Thinking Skills

 

I. DAVID WHEAT, JR., University of Bergen--Adding Feedback Loop Diagrams to the Macro Instructional Toolkit

 

JENNJOU CHEN, National Chengchi University, and TSUI-FANG LIN, National Taipei University--Class

Attendance and Exam Performance: A Randomized Experiment

 

 

Discussants: TIM RUSSO, National Defense University

      ABDI FERDOWSI, Ferris State University

      MINH QUANG DAO, Eastern Illinois University

      TIMOTHY M. DIETTE, Washington and Lee University                 

 

 

Jan. 6, 8:00 am

NAFE

 

Forensic Economics II (K4)

 

Presiding: DAVID H. CISCEL, University of Memphis

 

GARY R. SKOOG, DePaul University and Legal Econometrics, and JAMES E. CIECKA, DePaul University--Recent Developments in Worklife Expectancy Modeling

 

MATTHEW J. CUSHING and DAVID I. ROSENBAUM, University of Nebraska--Forecasting Net Discount Rates

 

ELIAS C. GRIVOYANNIS, Yeshiva University--Estimation and Inference in Logit and Probit Econometric Models for Litigation Support

 

Discussants: JAMES D. RODGERS, Pennsylvania State University

TIMOTHY OPIELA, DePaul University

STEPHEN HORNER, Economic Consulting

 

 

Jan. 6, 8:00 am

NEA

 

Economic Growth and Development II: Caribbean and Sub-Saharan Africa (O1)

 

Presiding:   KWABENA GYIMAH-BREMPONG, University of South Florida

 

CARLTON AUGUSTINE and C. KENRICK HUNTE, Howard University--Macroeconomic Adjustment and Exchange Rate Regimes in Selected Caribbean Countries

 

STEPHANIE SEQUINO, University of Vermont, JAMES HEINTZ, Political Economy Research Institute, and ELISSA BRAUNSTEIN, Colorado State University--Central Bank Policy in Anglophone Caribbean: Implications for Employment

 

AUGUSTINE KWASI FOSU, UN Economic Commission for Africa--Democracy and Economic Growth in Sub-Saharan Africa

 

RANSFORD PALMER, Howard University--Migration and Caribbean Economic Development

 

LAWRENCE R. MCNEIL, Howard University--Innovation Spillovers and Economic Growth in Africa

 

Discussants: ABERA GELAN, University of Wisconsin-Milwaukee

SYLVAIN BOKO, Wake Forest University

WILLIAM DARITY, JR., University of North Carolina

JULIET ELU, Spelman College

 

 

Jan. 6, 8:00 am

NAEFA

 

Government-Sponsored Enterprises and Home Mortgage Finance (G2)

 

Presiding: RANDY KROSZNER, Federal Reserve Board

 

SCOTT FRAME, Federal Reserve Bank of Atlanta, DIANA HANCOCK, and WAYNE PASSMORE, Federal Reserve Board--“FHLB Advances and Mortgage Finance

 

DWIGHT JAFFE and JOHN QUIQLEY, University of California-Berkeley--Home Mortgages and the Mortgage Finance System:  What Role for GSEs?

 

RAPHAEL BOSTIC, YONGHENG DENG, and STUART GABRIEL, University of Southern California--FHA, the GSEs and Underserved Urban Households

 

ANDREW COHEN, ANDREAS LEHNERT, and WAYNE PASSMORE, Federal Reserve Board--A Model of GSEs and Secondary Market Trading

 

Discussants: BRENT AMBROSE, Pennsylvania State University

HARVEY ROSENBLUM, Federal Reserve Bank of Dallas

GEORGE KAUFMAN, Loyola University of Chicago

DEBBIE LUCAS, Northwestern University

 

 

Jan. 6, 8:00 am

PSSI

 

Interdependence and Conflict

 

Presiding: MICHAEL INTRILIGATOR, University of California-Los Angeles

 

      PHILIPPE MARTIN, Universite de Paris I, THIERRY MAYER, Paris Jourdan Sciences Economiques, an MATHIAS THOENIG, Universite de Geneve—Make Trade Not War

 

      SOLOMON POLACHEK, Binghamton University, and CARLOS SEIGLIE, Rutgers University—Trade, FDI and War

 

      SAUMITRA JHA, Stanford University—Trade, Institutions and Religious Conflict in India

 

      RAFAEL REUVENY, Indiana University—Title to be announced.

 

Discussants: WALTER ISARD, Cornell University

      MARTIN MCGUIRE, University of California-Irvine

 

           

Jan. 6, 8:00 am

SGE

 

Economic Analysis of New Savings Opportunities in Emerging Areas

 

Presiding: JONATHAN A. SCHWABISH, Congressional Budget Office

 

Alexandra Minicozzi U.S. Department of the Treasury, and ELISE GOULD, Economic Policy Institute--Health Savings Accounts: Analysis of Initial Participants

 

MARGARET CLANCY, CHANG-KEUN HAN, LISA REYES MASON, and MICHAEL SHERRADEN, Washington University--Inclusion in College Savings Plans: Participation and Saving in Maine’s Matching Grant Program

 

JONATHAN A. SCHWABISH and JULIE TOPOLESKI, Congressional Budget Office--Social Security Individual Accounts and the Impact on Low Earners

 

Discussants: STUART HAGEN, Congressional Budget Office

RAMON P. DEGENNARO, University of Tennessee

JOHN TURNER, AARP

 

 

Jan. 6, 8:00 am

TPUG

 

Communications Infrastructure and the Economy

 

Presiding: CHRISTIAAN HOGENDORN, Wesleyan University

 

SHANE M. GREENSTEIN, Northwestern University, CHRIS FORMAN, Carnegie Mellon University, and AVI GOLDFARB, University of Toronto-- Understanding the Inputs into Innovation: Do Cities Substitute for Internal Firm Resources?

 

      CHRISTOPHER GARBACZ, Mississippi Public Utilities Staff, and HERBERT G. THOMPSON, JR., Ohio University--World Telecom Demand, Productive Efficiency and Economic Growth

 

      FERNANDO BELTRÁN, University of Auckland Business School, ALAIN BOURDEAU DE FONTENAY, Columbia University, and MARCIO WOHLERS DE ALMEIDA, State University of Campinas--Internet as a Critical Infrastructure: Lessons from the Backbone Experience in South America

 

      JANICE A. HAUGE, University of North Texas, and MARK A. JAMISON, University of Florida--Bureaucrats as Entrepreneurs: Do Municipal Telecom Providers Hinder Private Entrepreneurs?

  

Discussants: To be announced.

 

 

Jan. 6, 8:00 am

URPE

 

Topics in Heterodox Macroeconomics (B5)

 

Presiding:  MARTHA STARR, American University

 

      FREDERIC S. LEE, University of Missouri- Kansas City—Heterodox Microeconomics and the Foundations of Heterodox Macroeconomics

     

      WILLIAM T. GANLEY, Buffalo State College—The Micro Foundations of Veblen’s Theory of the Business Cycle

 

      PETER DORMAN, Evergreen College—The Trade Account and Macro Aggregates

 

WILLIAM MILBERG, New School for Social Research—The Pricing-Investment Link Under Globalized Production: A Post Keynesian Perspective on U.S. Economic Hegemony

 

Discussants: TAE-HEE JO, University of Missouri- Kansas City

      MICHELE NAPLES, The College of New Jersey

 

 

Jan. 6, 8:00 am

URPE/IAFFE

 

Borderlines: Gender and Migration (J6)

 

Presiding:  MARY KING, Portland State University

     

      LOURDES BENERÍA, Cornell University—Paid/Unpaid Work and the Globalization of Reproduction

 

      ALICIA GIRÓN GONZÁLEZ and MA. LUISA GONZÁLEZ MARÍN, UNAM, Mexico—Women, Migration, and Economic Policy

 

      PHILLIP J. GRANBERRY and ENRICO MARCELLI, University of Massachusetts-Boston—Mexican Immigrant Wages: Are Men’s and Women’s Social Capital Different?

 

ULLA GRAPARD, Colgate University—Immigration and the Danish Welfare State: Where are Women’s Voices?

 

Discussants: MARY KING, Portland State University

      FARIDA C. KHAN, University of Wisconsin-Parkside

      MARIA FLORO, American University

 

 

Jan. 6, 10:15 am

AAEA

 

New Frontiers in Water Resource Economics (Q2)

 

Presiding: ARIEL DINAR, World Bank

 

ALBERTO GARRIDO, Universidad Politécnica de Madrid--Designing Water Markets for Unstable Climatic Conditions: Learning from Experimental Economics

 

JAMES ROUMASSET and SITTIDAJ PONGKIJVORASIN, University of Hawaii-Manoa--Efficient Irrigation Management with Conveyance Losses, Canal Return Flows, Groundwater Recharge and Pollution

 

MASAHIKO GEMMA, Waseda University, and YACOV TSUR, Hebrew University of Jerusalem—The Stabilization Value of Groundwater and Conjunctive Management of Ground and Surface Water under Uncertainty

                  

Discussant: YACOV TSUR, Hebrew University of Jerusalem

 

 

Jan. 6, 10:15 am

AEA

 

Penalties and Sanctions for Securities Fraud (Panel Discussion)

 

Presiding: CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon University

 

                     JOSEPH GRUNDFEST, Stanford University

 

      ROBERTA ROMANO, Yale University

 

      CHRISTOPHER SNYDER, Dartmouth College

 

 

Jan. 6, 10:15 am

AEA

 

The Economics of Human Development

 

Presiding: THOMAS SARGENT, New York University

 

JAMES J. HECKMAN, University of Chicago

 

 

Jan. 6, 10:15 am

AEA

 

Understanding Performance Heterogeneity between Firms: The Role of Organizational

Capabilities

 

Presiding: LUIS GARICANO, University of Chicago

 

      JOHN SUTTON, London School of Economics—Competing in Capabilities

 

      ROBERT GIBBONS and REBECCA HENDERSON, Massachusetts Institute of Technology—Organizational Capabilities: Persistent Performance Differences among Seemingly Similar Enterprises

 

      LUIS GARICANO, University of Chicago—Organizational Capabilities: A Cognitive Perspective

 

Discussants: ROB GERTNER, University of Chicago

      JOHN ROBERTS, Stanford University

      JAN RIVKIN, Harvard University

 

 

Jan. 6, 10:15 am

AEA

 

Field Experiments in Pecuniary and Non-pecuniary Donations (C9)

 

Presiding: JAMES ANDREONI, University of California-San Diego

 

      CRAIG LANDRY, East Carolina University, ANDREAS LANGE, University of Maryland and ZEW, JOHN LIST, University of Chicago, MICHAEL PRICE, University of Nevada-Reno, and NICHOLAS RUPP, East Carolina University—Is a Donor in Hand Better than 50 in the Bush? Evidence from a Natural Field Experiment on Charitable Giving

 

      RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana University—Social Information and Charitable Contributions

 

      DAN ARIELY, ANAT BRACHA, Massachusetts Institute of Technology, and STEPHAN MEIER, Federal Reserve Bank of Boston—Self-Identity, Reputation, and Incentives: Evidence from Field and Lab Experiments

 

      ALOIS STUTZER, University of Basel, LORENZ GOETTE, Federal Reserve Bank of Boston, and MICHAEL ZEHNDER, University of Zurich—Active Decisions and Pro-social Behavior: A Field Experiment in Blood Donation

 

Discussants: COLIN CAMERER, California Institute of Technology

      MARIANNE BERTRAND, University of Chicago

      ROBERT FRANK, Cornell University

      JAMES ANDREONI, University of California-San Diego

 

 

Jan. 6, 10:15 am

AEA

 

Contracts, Incentives and Cooperation Between and Within Firms

 

Presiding: NISVAN ERKAL, University of Melbourne

 

      STEVEN WU and BRIAN ROE, Ohio State University—Discretionary Latitude and the Nature of Relational Contracting

 

      SIMONA FABRIZI, Universidad del Pais Vasco, and STEFFEN LIPPERT, Research Institute of Industrial Economics—On Moral Hazard and Joint R&D

 

      NISVAN ERKAL, University of Melbourne, and DEBORAH MINEHART, U.S. Department of Justice—Optimal Sharing Strategies in Dynamic Games of Research and Development

 

      LUIS CABRAL, New York University, and DAVID SALANT, ERS Group—Evolving Technologies and Standardization

 

Discussants: DAVID HUFFMAN, Institute for the Study of Labor (IZA)

      ETHAN LIGON, University of California-Berkeley

      DEBORAH MINEHART, U.S. Department of Justice

      JAY PIL CHOI, Michigan State University

 

 

Jay. 6, 10:15 am

AEA

 

Estimating Models of Consumer Decisions with Applications to Health (I1)

 

Presiding: DONNA GILLESKIE, University of North Carolina

 

      JEROME ADDA, University College London—Smoking and Endogenous Mortality: Does Heterogeneity in Life Expectancy Explain Differences in Smoking Behavior

 

      JOHN BOUND, University of Michigan, TODD STINEBRICKNER, University of Western Ontario, and TIMOTHY WALDMANN, Urban Institute—Health, Economic Resources, and the Work Decisions of Older Men

 

      ANDREW CHING, University of Toronto, and FUMIKO HAYASHI, Federal Reserve Bank of Kansas City—Regulations in Nursing Home Markets: Estimation of a Competitive Model

 

      AHMED KHWAJA, Duke University—Investment in Human Capital, Longevity and Moral Hazard in a Stochastic Life-Cycle Model of Demand

 

Discussants: DONNA GILLESKIE, University of North Carolina

      PETER ARCIDIACONO, Duke University

      HAN HONG, Duke University

      JOHN RUST, University of Maryland

 

 

Jan 6, 10:15 am

AEA

 

U.S. Trade Deficits, the Dollar, and International Monetary Stability (Roundtable) (E5)

 

Presiding: DOMINICK SALVATORE, Fordham University

 

      MARTIN FELDSTEIN, Harvard University—Why Such a Strong Dollar?

 

      RONALD MCKINNON, Stanford University—Exchange Rates and Trade Balances under the Dollar Standard

 

      ROBERT MUNDELL, Columbia University—The U.S. Deficit and the International Monetary System

 

      MICHAEL MUSSA, Institute for International Economics—The Dollar and the Current Account Deficit: How Much Should We Sorry?

 

      KENNETH ROGOFF, Harvard University—The Mirage of Fixed Exchange Rates Revisited

 

 

Jan. 6, 10:15 am

AEA

 

Housing and the Macro Economy (R1)

 

Presiding: STIJN VAN NIEUWERBURGH, New York University

 

      FRANCOIS ORTALO-MAGNE, University of Wisconsin-Madison—The Political Economy of Housing Supply

 

      EDWARD GLAESER, Harvard University, JOSEPH GYOURKO, University of Pennsylvania, and RAVEN SAKS, Harvard University—Urban Growth and Housing Supply

 

                     STIJN VAN NIEUWERBURGH and PIERRE-OLIVIER WEILL, New York University—Using Housing Prices to Measure the Welfare Cost of Housing Supply Regulation

 

Discussants: JOHN QUIGLEY, University of California-Berkeley

      JONATHAN HEATHCOTE, Georgetown University

      FRANCOIS ORTALO-MAGNE, University of Wisconsin-Madison

 

 

Jan. 6, 10:15 am

AEA

 

New Strategies for Teaching Economics Courses (A2)

 

Presiding: MICHAEL SALEMI, University of North Carolina-Chapel Hill

 

      KENNETH G. ELZINGA, University of Virginia—Teaching the Dismal Science Socratically

 

      GAIL HOYT, University of Kentucky—A Fresh Look at the Daily Quiz: Engaging Students in Principles Courses

 

      WILLIAM C. WOOD, James Madison University—The Principles of Macroeconomics Class: Teaching Aggregate Thinking

 

 

Jan. 6, 10:15 am

AEA

 

Recent Developments in the Analysis of Exchange-Rate Pass-Through and Policy Implications (F4)

 

Presiding: MICHAEL B. DEVEREUX, University of British Columbia

 

      MICHAEL B. DEVEREUX, University of British Columbia—Exchange Rate Policy and Endogenous Price Flexibility

 

      GIANCARLO CORSETTI, European University Institute, LUCA DEDOLA, European Central Bank, and SYLVAIN LEDUC, Federal Reserve Board—DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

 

      CHRISTOPHER GUST, SYLVAIN LEDUC, and ROBERT VIGFUSSON, Federal Reserve Board—Trade Integration, Competition, and the Decline in Exchange-Rate Pass-Through

 

      MATTHIEU BUSSIERE, European Central Bank—Exchange Rate Pass-Throughin the G-& Economies: The Role of Non-linearities and Asymmetries

 

Discussants: PHILIPPE BACCHETTA, University of Lausanne

      CRAIG BURNSIDE, Duke University

      ROBERT FEENSTRA, University of California-Davis

      JOSEPH GAGNON, Federal Reserve Board

 

 

Jan. 6, 10:15 am

AEA

 

Globalization: Multinational Firm Organization and Value Creation (F2)

 

Presiding: ANN HARRISON, University of California-Berkeley

 

      WILLIAM H. GREENE, New York University, ABIGAIL S. HORNSTEIN, Wesleyan University, LAWRENCE J. WHITE, and BERNARD Y. YEUNG, New York University—Multinationals Do It Better: Evidence on the Efficiency of Corporations’ Capital Budgeting

 

      C. FRITZ FOLEY and YUHAI XUAN, Harvard Business School—Organizational Form and Firm Responses to Currency Depreciations

 

      MINYUAN ZHAO, University of Michigan—Long-Distance Collaborations within Multinational Firms: Promoting Knowledge Flow or Facilitating Internalization

 

Discussants: BRUCE BLONIGEN, University of Oregon

      SIMI KEDIA, Rutgers University

      MEGAN MACGARVIE, Boston University

 

 

Jan. 6, 10:15 am

AEA

 

Monetary Systems: Transitions and Experiments (E4, N1)

 

Presiding: FRANÇOIS VELDE, Federal Reserve Bank of Chicago

 

      WILL ROBERDS, Federal Reserve Bank of Atlanta, and STEPHEN QUINN, Texas Christian University—The Bank of Amsterdam

 

      PETER ROUSSEAU, Vanderbilt University—Backing, the Quantity Theory, and the Transition to the Dollar, 1720-1850

 

      JOHN JAMES, University of Virginia, and DAVID WEIMAN, Barnard College—Towards a More Perfect American Payments Union: The Civil War as a Political Economic Watershed

 

      FRANÇOIS VELDE, Federal Reserve Bank of Chicago—John Law’s System: An Experiment in Public Finance in 18th Century France

 

 

Jan. 6, 10:15 am

AEA

 

Sudden Stops (F3)

 

Presiding: MARCO TERRONES, International Monetary Fund

 

      RICARDO CABALLERO, Massachusetts Institute of Technology, and STAVROS PANAGEAS, University of Pennsylvania—A Quantitative Model of Sudden Stops and External Liquidity Management

 

      ENRIQUE MENDOZA, University of Maryland and NBER, and MARCO TERRONES, International Monetary Fund—Credit Booms in Emerging Economies: Myths and Facts

 

      JOSHUA AIZENMAN, University of California-Santa Cruz, and JAEWOO LEE, International Monetary Fund—International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence

 

      GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and JOSEPH KABOSKI, Ohio State University—Reconsidering the Evidence of Relative PPP in Large Devaluations

 

 

Jan. 6, 10:15 am

AEA

 

Gender Implications of Social Welfare Policy Choices

 

Presiding: KATHARINE ABRAHAM, University of Maryland

 

      VIRGINIA WILCOX-GÖK and RUPALI SURYAWANSHI, Northern Illinois University—Old, Poor, and Untreated? Demand for Prescription Drugs among Older Women in the United States

 

      HOPE CORMAN, KELLY NOONAN, Rider University, NANCY E. REICHMAN, Robert Wood Johnson Medical School, and ANNE CARROLL, Rider University—Why Do Poor Mothers and Children Lose Health Insurance?

 

      CATALINA AMUEDO-DORANTES, CYNTHIA BANSAK, San Diego State University, and STEVEN RAPHAEL, University of California-Berkeley—Are Migrant Men and Women an Economic Burden? Changes in the Utilization and Contribution to Public Benefits Surround the 1996 Welfare Reform

 

      JONATHAN A. SCHWABISH, MICHAEL S. SIMPSON, and JULIE H. TOPOLESKI, Congressional Budget Office—Achieving Social Security Solvency: Implications for Men and Women

 

Discussants: AMITABH CHANDRA, Harvard University

      LARA SHORE-SHEPPARD, Williams College

      REBECCA BLANK, University of Michigan

      RICHARD BURKHAUSER, Cornell University

 

 

Jan. 6, 10:15 am

AEA

 

Inaction and Adjustment: Consequences for Households and Firms

 

Presiding: ANDREW ABEL, University of Pennsylvania

 

      ANDREW ABEL, University of Pennsylvania, and JANICE EBERLY, Northwestern University—Optimal Inattention

 

      NICK BLOOM, Stanford University—Uncertainty and the Dynamics of R&D

 

      SURESH SUNDARESAN and NENG WANG, Columbia University—Waiting to Invest in the Present of Jump Risk

 

Discussants: THOMAS PHILIPPON, New York University

      JOHN HALTIWANGER, University of Maryland

      BOB MCDONALD, Northwestern University

 

 

Jan. 6, 10:15 am

AEA

 

The Transparency of Political Institutions (D7)

 

Presiding: ERNESTO DAL BO, University of California-Berkeley

 

      ALESSANDRO GAVAZZA, Yale University, and ALESSANDRO LIZZERI, New York University—The Public Finance of Transparency

 

      GILAT LEVY, London School of Economics—Transparent Committees

 

      ANDREAS MATTOZZI, California Institute of Technology, and ANTONIO MERLO, University of Pennsylvania—The Transparency of Politics and the Quality of Politicians

 

 

Jan. 6, 10:15 am

AEA

 

Biological Evolution and Economics (Z0)

 

Presiding: GARY S. BECKER, University of Chicago

 

      THEODORE C. BERGSTROM, University of California-Santa Barbara—The Evolutionary Economics of Family Partnerships

 

      LUIS RAYO and GARY S. BECKER, University of Chicago—Habits, Peers, and Happiness: An Evolutionary Perspective

 

      ARTHUR J. ROBSON, Simon Fraser University, and HILLARD S. KAPLAN, University of New Mexico—Economics, Biology and Mortality

 

      LARRY SAMUELSON, University of Wisconsin-Madison, and ARTHUR J. ROBSON, Simon Fraser University—The Evolutionary Basis of Impatience

 

Discussants: GARY S. BECKER, University of Chicago

      KEITH CHEN, Yale University

      JESSE SHAPIRO, University of Chicago

      JEROEN SWINKELS, Washington University-St. Louis

     

 

 

Jan. 6, 10:15 am

AEA

 

Defense Economics: Theory and Applications (H5)

 

Presiding: CLAUDE BERREBI, RAND

 

      PETER BERCK, University of California-Berkeley, and JONATHAN LIPOW, Academic College of Judea and Samaria—Military Conscription and the Socially Optimal Number of Boots on the Ground

 

      DOTAN PERSITZ and DANIEL TSIDDON, Tel Aviv University—A Counter-Factual Analysis of Terrorism’s Effects on the Economy: The Case of Israel

 

      JONATHAN LIPOW, Academic College of Judea and Samaria, and YAKIR PLESSNER, Hebrew University of Jerusalem—Dean “Machines” and Taxes

 

      MICHAEL BEN-GAD, Haifa University, YAKOV BEN-HAIM, Israel Institute of Technology (Technion), and DAN PELED, Haifa University—Allocating Security Expenditures under Knightian Uncertainty: An Info-Gap Approach

 

Discussants: MARTIN MCGUIRE, University of California-Irvine

      ROBERT POWELL, University of California-Berkeley

      DONALD LOSMAN, National Defense University

      CLAUDE BERREBI, RAND

      MICHAEL INTRILIGATOR, University of California-Los Angeles

 

 

Jan. 6, 10:15 am

AEA

 

Beyond Drug and Hospital Costs: Comprehensive Accounting for Health Care (I1)

 

Presiding: STEVEN J. LANDEFELD, U.S. Bureau of Economic Analysis

 

      ERNST BERNDT, Massachusetts Institute of Technology, and RICHARD G. FRANK, Harvard Medical School—Price and Quantity Growth in Mental Health Care

 

      ALLISON ROSEN, University of Michigan—Revising and Expanding National Health Accounts

 

      MICHAEL CHRISTIAN, U.S. Bureau of Economic Analysis—Measuring the Price and Output of Health Care Systems

 

      JOSEPH NEWHOUSE, Harvard University—Pricing, Information, and Efficiency in the Medical Care Sector

 

Discussants: JACK TRIPLETT, Brookings Institution

      DAVID MELTZER, University of Chicago

 

 

Jan. 6, 10:15 am

AEA/IHEA

 

Health and Development in the Developed and Developing Worlds

 

Presiding: KENNETH CHAY, University of California-Berkeley

 

      CHRISTINA PAXSON, Princeton University and NBER, and NORBERT SCHADY, World Bank—Income Transfers and Children’s Health and Development: Evidence from Ecuador

 

      MARK ROSENZWEIG, Yale University and NBER—Underdevelopment and Health: Indoor Air Pollution in South Asia

 

      JANET CURRIE, Columbia University and NBER—Healthy, Wealthy and Wise? The Relationship between Health and Human Capital

 

      MICHAEL GROSSMAN, City University of New York and NBER, SHIN YI-CHOU, Lehigh University and NBER, INAS RASHAD, George State University and NBER, and HENRY SAFFER, Kean University and NBER—The Economics of Obesity

 

Discussants: EDWARD MIGUEL, University of California-Berkeley

      ADRIAN LLERAS-MUNEY, Princeton University

      HOYT BLEAKLEY, University of Chicago

      AMY FINKELSTEIN, Massachusetts Institute of Technology

 

 

Jan. 6, 10:15 am

AEA/NEA

 

Globalization and Economic Outcomes for Minority Groups

 

Presiding: JAMES PEOPLES, University of Wisconsin-Milwaukee

 

      ELIZABETH ASIEDU, University of Kansas—The Impact of Globalization on Minority-Owned Businesses

 

      DEBORAH REED, Public Policy Institute of California, and SHELDON DANZIGER, University of Michigan—The Effects of Globalization and Other Factors on Racial/Ethnic Wage Gaps in the United States

 

      ABERA GELAN, University of Wisconsin-Milwaukee, KAYE HUSBANDS-FEALING, Williams College, and JAMES PEOPLES, University of Wisconsin-Milwaukee—Foreign Direct Investment and Racial Employment Patterns

 

      PAUL ONG, University of California-Los Angeles—The Impact of Immigration on the Black/NH-White Employment Ratio

 

Discussants: JOHN BITZAN, North Dakota State University

      MAURY GRANGER, Jackson State University

      LISA SAUNDERS, University of Massachusetts-Amherst

      RICHARD MCGREGORY, University of Wisconsin-Whitewater

 

 

Jan. 6, 10:15 am

AFA

 

Equity Volatility and Leverage

 

Presiding: DARRELL DUFFIE, Stanford University

 

      HAZEM DAOUK and DAVID NG, Cornell University—Is Unlevered Firm Volatility Asymmetric?

 

      HARJOAT SINGH BHAMRA, University of British Columbia, and RAMAN UPPAL, London Business School—The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

 

      ABDULLAH C. AYDEMIR, Lehman Brothers, MICHAEL F. GALLMEYER, Texas A&M University, and BURTON HOLLIFIELD, Carnegie Mellon University—Financial Leverage Does Not Cause the Leverage Effect

 

Discussants: JUN PAN, Massachusetts Institute of Technology

      LEONID KOGAN, Massachusetts Institute of Technology

      JESSICA WACHTER, University of Pennsylvania

 

 

Jan. 6, 10:15 am

AFA

 

Behavioral Approaches to Asset Pricing

 

Presiding: NICHOLAS BARBERIS, Yale University

 

      LAUREN COHEN, Yale University, and ANDREA FRAZZINI, University of Chicago—Economic Links and Predictable Returns

 

      SHLOMO BENARTZI, University of California-Los Angeles, RONI MICHAELY, Cornell University, RICHARD H. THALER, University of Chicago, and WILLIAM CHARLES WELD, Cornell University—The Nominal Price Puzzle

 

      KEWEI HOU, Ohio State University, LIN PENG, City University of New York, and WEI XIONG, Princeton University—A Tale of Two Momentum Anomalies: The Dual Role of Investor Attention

 

Discussants: JONATHAN LEWELLEN, Dartmouth College

      OWEN LAMONT, Yale University

      KENT DANIEL, Goldman Sachs Group, Inc.

 

 

Jan. 6, 10:15 am

AFA

 

Mutual Fund Organizations

 

Presiding: DANIEL BERGSTRESSER, Harvard University

 

      AJAY KHORANA, Georgia Institute of Technology, PETER TUFANO, Harvard University, and LEI WEDGE, Georgia Institute of Technology and University of South Florida—Board Structure, Mergers and Shareholder Wealth: A Study of the Mutual Fund Industry

 

      JEROLD B. WARNER and JOANNA SHUANG WU, University of Rochester—Changes in Mutual Fund Advisory Contracts

 

      MASSIMO MASSA, INSEAD, JONATHAN REUTER, University of Oregon, and ERIC ZITZEWITZ, Stanford University—The Rise of Teams in Fund Management

 

Discussants: RICHARD EVANS, Boston College

      DANIEL DELI, Arizona State University

      CAMELIA KUHNEN, Stanford University

 

 

Jan. 6, 10:15 am

AFA

 

Trading and Information in Markets

 

Presiding: MAUREEN O’HARA, Cornell University

 

      DELPHINE SABOURIN, Université Paris IX Dauphine—Are Designated Market Makers Necessary in Centralized Limit Order Markets?

 

      PAOLO PASQUARIELLO, University of Michigan-Ann Arbor, and CLARA VEGA, University of Rochester—Informed and Strategic Order Flow in the Bond Market

 

      DIEGO AGUDELO, Indiana University-Bloomington—Do Local or Foreign Traders Know More in an Emerging Market? A Possible Solution to the Puzzle

 

Discussants:     LAWRENCE GLOSTEN, Columbia University

      ERIK SIRRI, Babson College

                     GIDEON SAAR, Cornell University

 

 

Jan. 6, 10:15 am

AFA

 

Corporate Investment and Capital Structure

 

Presiding: JOHN GRAHAM, Duke University

 

      MURILLO CAMPELLO, University of Illinois-Urbana-Champaign, and ZSUZSANNA FLUCK, Michigan State University—Product Market Performance, Switching Costs, and Liquidation Values: The Real Effects of Financial Leverage

 

      EVGENY LYANDRES, Rice University, and ALEXEI ZHDANOV, George Mason University—Underinvestment or Overinvestment: The Effects of Financial Leverage on Investment

 

      TOR-ERIK BAKKE and TONI M. WHITED, University of Wisconsin-Madison—Which Firms Follow the Market? An Analysis of Corporate Investment Decisions

 

      MICHAEL R. ROBERTS, University of Pennsylvania, and SUDHEER CHAVA, University of Houston—Is Financial Contracting Costly? An Empirical Analysis of Debt Covenants and Corporate Investment

 

Discussants: GORDON PHILLIPS, University of Maryland

      DAVID MAUER, Southern Methodist University

      MALCOLM BAKER, Harvard University

      JOSHUA RAUH, University of Chicago

 

 

Jan. 6, 10:15 am

AREUEA

 

Bubbles & Bias

 

Presiding:  PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University

 

MARK Y. AN,  ANDRE GAO,  ERIC ROSENBLATT,  and YEVGENY YUZEFOVICH, Fannie Mae--Appraisal Bias: Patterns and Premises

 

BRENT AMBROSE, Pennsylvania State University, and PIET EICHHOLTZ, Maastricht University--Do House Price “Bubbles” Really Occur?

 

EDWARD COULSON, Pennsylvania State University, and DANIEL MCMILLEN, University of Illinois-Chicago--Identifying Temporal Effects In Hedonic Models of House Prices

 

      ALLEN C. GOODMAN, Wayne State University, and THOMAS G. THIBODEAU, University of Colorado--Where is the Speculative Bubble in US House Prices?

 

Discussants: To be announced.

 

 

Jan. 6, 10:15 am

AREUEA

 

Models of REIT Behavior

 

Presiding: JIM CLAYTON, Pension Real Estate Association

 

JINLIANG JACK LI, ROBERT M. MOORADIAN, and SHIAWEE X. YANG, Northeastern University--Conditional Expectation and the Variability of Equity REIT Returns

 

ZHONGHUA WU, Florida International University--Implications of Bank Mergers on Industrial Market Structure: Evidence from Real Estate Investment Trusts

 

ROBERT EDELSTEIN, University of California-Berkeley, ANTONI SUREDA-GOMILA, BRANKO UROSEVIC, Universitat Pompeu Fabra, and NICHOLAS WONDER, Western Washington University--Ownership Dynamics with Multiple Insiders: The Case of REITs

 

DENNIS CAPOZZA  and RYAN ISRAELSEN, University of Michigan--Price Dynamics in Liquid Markets: Evidence from REITS

 

Discussants: SHAUN BOND, University of Cambridge
MILENA PETROVA, Syracuse University
JAY HARTZELL, University of Texas-Austin
ROBERT NOVY-MARX, University of Chicago

 

 

Jan. 6, 10:15 am

AREUEA/AFA

 

Recent Developments in Mortgage Financing

 

Presiding: MARK J. FLANNERY, University of Florida

 

RAPHAEL BOSTIC, YONGHENG DENG, and STUART GABRIEL, University of Southern California--The Impact of a Growing CDO Market on the Residential Mortgage Lending

 

SUSAN WACHTER, University of Pennsylvania--Mortgage Finance, the New Segmentation

 

MICHAEL LACOUR-LITTLE, California State University-Fullerton--The Pricing of Mortgages by Brokers: An Agency Problem?

 

CHRISTOPHER DOWNING, Rice University, and NANCY E. WALLACE, University of California-Berkeley --The Determinants of Security Design in the CMBS Market

 

Discussants: JEAN HELWEGE, Pennsylvania State University

      MICHAEL FRATANTONI, Mortgage Bankers Association

      CROCKER LIU, Arizona State University

      PETER DEMARZO, Stanford University

 

 

Jan. 6, 10:15 am

ACES

 

Changes in Incentives and Organizational Performance (J3)

 

Presiding: DEREK C. JONES, Hamilton College

 

DEREK C. JONES, Hamilton College, PANU KALMI, and ANTTI KAUHANEN, Helsinki School of Economics and HECER, Helsinki--Teams, Performance-Related Pay, Profit Sharing and Productive Efficiency: Evidence from a Food-Processing Plant

 

EDWARD P. LAZEAR, Stanford University, Hoover Institution and Council of Economic Advisors, and KATHRYN SHAW, Stanford University--The Effects of Tenure on Output

 

TOR ERIKSSON, Aarhus School of Business, Denmark, and JAIME ORTEGA, Universidad Carlos III de Madrid and Center for Corporate Performance, Denmark--Is Performance Pay Changing Employees’ Private Lives?

 

JOHN S. HEYWOOD, University of Wisconsin, Milwaukee, UWE JIRJAHN, University of Hannover, and XIANGDONG WEI, Lingnan College--Teamwork, Monitoring, Absence and Productivity

 

Discussants: AVNER BEN-NER, University of Minnesota

ERIK POUTSMA, Radboud University Nijmegen 

RICHARD FREEMAN, Harvard University and London School of Economics and Political Science

VIRGINIE PEROTIN, Leeds School of Business

 

 

Jan. 6, 10:15 am

AFEE

 

Institutional Perspectives on Macroeconomic Policies (E1)

 

Presiding: CHARLES WHALEN, Perspectives on Work

 

FADHEL KABOUB, Drew University--Institutional Adjustment Planning for Full Employment

 

ZDRAVKA TODOROVA, Wright State University--Institutional Analysis of Deficits and Theorizing

about Households and the State

 

DAVID ZALEWSKI, Providence College--Alan Greenspan’s Legacy: Is There Anything for

Institutionalists to Like?

 

ERIC TYMOIGNE, California State University-Fresno--Asset Prices, Financial Fragility, and

Central Banking

 

YAN LIANG, University of Missouri-Kansas City--Sending Jobs to China: An Efficiency or

Equality Concern?

 

Discussant:  JAMES K. GALBRAITH, University of Texas-Austin

 

 

Jan. 6, 10:15 am

AFEE

 

Environmental Theory, Problems and Policies (Q2)

 

Presiding: STEVEN BOLDUC, Minnesota State University-Moorhead

 

MARK HAGGERTY and STEPHANIE A. WELCOMER, University of Maine--Tied to the Past - Bound to the Future: Ceremonial Encapsulation in a Maine Woods Land Use Policy Debate

 

THAMIR M. SALIH, Kutztown University of Pennsylvania—Old Concepts, New Perspectives on

Oil: An Application to Iraq’s Development

 

DENIS BARTHELEMY, Institut National de la Recherche Agronomique, MARTINO NIEDDU, Universite de Reims, FRANCK-DOMINIQUE VIVIEN, Universite de Reims--Non-Trade Concerns in Agricultural and Environmental Economics: How Can Commons and Polanyi Help Us?  

 

RACHEL HILLIARD, DON GOLDSTEIN, and VALERIE PARKER, NUI, Galway, Ireland--Environmental Technology, Dynamic Environmental Capabilities and Competiveness

 

SEBASTIAN BERGER, University of Sorbonne, Paris, and MATHEW FORSTATER, University of Missouri-Kansas City--The Significance of Kapp’s Social Cost Theory and Lowe’s Instrumental Analysis for Environmental Policy

 

Discussant: TERREL GALLAWAY, Missouri State University

 

 

Jan. 6, 10:15 am

ASE

 

Globalization, Governance, and Oil

 

Presiding: JOHN P. TIEMSTRA, Calvin College

 

SEDA EKMEN, Middle East Technical University, Turkey, and EMRE OZCELIK, Anadolu University, Turkey--Global Governance Model as the Enemy of Socio-Economic Sustainability

 

FRED CURTIS, Drew University--Relocalization in Response to Global Warming and Peak Oil

 

ALAN HUTTON, Glasgow Caledonian University--Environmental Sustainability, Fuel Poverty and National Security of Supply

 

FAITH U. ONONOGBO, Lion of Africa Insurance Company, Nigeria--Income Inequality, Oil Exploitation, and Environmental Degradation in the Niger Delta Region of Nigeria

 

Discussant:  JOHN MARANGOS, Colorado State University

 

 

Jan. 6, 10:15 am

ASGE/IAFFE

 

Gender Issues and the Welfare State (H5)

 

Presiding: JANOS HORVATH, Budapest University of Economic Sciences

 

EUNYOUNG CHOI, Chungbuk National University—What’s for the Welfare State? Market Work, Care Work, and Women in Korea

 

LISE WIDDING ISAKSEN and SUSAN SAVIDES, University of Bergen—Transnational Health Care Workers in Norway: Local Adjustments and Integration Strategies

 

GANNA GERASYMENKO, Institute for Demography and Social Studies—Gender Disparities of Aging in the Context of Social Care Services in Ukraine

 

Discussants: RANDY ALBELDA, University of Massachusetts-Boston

AGNETA STARK, Dalarna University, Sweden

 

 

Jan. 6, 10:15 am

AERE

 

Joint Estimation and Environmental Valuation Ten Years Later (Q5)

 

Presiding: JOHN C. WHITEHEAD, Appalachian State University

 

ROGER H. VON HAEFEN and DANIEL J. PHANEUF, North Carolina State University--Using RP Data with Alternative Specific Constants and SP Choices to Identify Preferences in RUM Models

 

V. KERRY SMITH, Arizona State University, NICOLAI KUMINOFF, North Carolina State University and Virginia Polytechnic Institute, SUBRENDU K. PATTANAYAK, and GEORGE VAN HOUTVEN, RTI International--Data Combination for Calibration, Estimation, and Benefit Transfer

 

KEVIN J. EGAN, University of Toledo, JOSEPH A. HERRIGES, JOHN DOWNING, and CATHERINE L. KLING, Iowa State University--Combining Revealed Preference and Stated Preference Data without Invoking the Weak Complementarity Condition

 

WILLIAM BREFFLE, Stratus Consulting Inc., EDWARD MOREY, University of Colorado-Boulder, and JENNIFER THACHER, University of New Mexico--Combining Attitudinal and Choice Data to Improve Estimates of Preferences and Preference Heterogeneity: A FIML, Discrete-Choice, Latent-Class Model

 

Discussants:  TRUDY CAMERON, University of Oregon

VICTOR ADAMOWICZ, University of Alberta

JORDAN LOUVIERE, University of Technology, Sydney

 

 

Jan. 6, 10:15 am

CES

 

Understanding the Mechanism of China’s Economic Growth (F4)

 

Presiding: HENRY WAN, JR., Cornell University

 

BELTON FLEISHER, Ohio State University, HAIZHENG LI, Georgia Institute of Technology, and MIN QIANG ZHAO, Ohio State University—Capital, Economic Growth, and Regional Inequality in China

 

CHERYL XIAONING LONG, Colgate University and Stanford University, and GALINA HALE, Yale University--Do FDI Inflows Increase Productivity? The Case of China

 

DANI RODRIK, Harvard University--What's so Special about China's Exports?

 

BIN XU, China Europe International Business School—Explaining China’s Export Sophistication

 

Discussants: CHERYL XIAONING LONG, Colgate University and Stanford University

HAIZHENG LI, Georgia Institute of Technology

BIN XU, China Europe International Business School

DANI RODRIK, Harvard University

 

 

Jan. 6, 10:15 am

ES

 

Monetary Theory and Evidence

 

Presiding: ROBERT E. LUCAS, University of Chicago

 

PEDRO TELES, Universidade Catolica Portuguesa and Banco de Portugal, and HARALD UHLIG, Humboldt University of Berlin--Is Quantity Theory Still Alive?

 

SAMUEL REYNARD, Swiss National Bank--Avoiding Drifting Away from Low Inflation: Money, Interest Rates, and Monetary Policy Stance

 

FERNANDO ALVAREZ, University of Chicago and NBER, and FRANCESCO LIPPI, Bank of Italy and CEPR--Financial Innovation and the Transactions Demand for Cash

 

Discussants: EDWARD NELSON, Federal Reserve Bank of St. Louis

ROBERT E. LUCAS, University of Chicago

 

 

Jan. 6, 10:15 am

ES

 

Financing Constraints and Aggregate Economy

 

Presiding: NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics

 

ANDREA EISFELDT and ADRIANO RAMPINI, Northwestern University--New or Used? Investment with Credit Constraints

 

URBAN JERMANN, University of Pennsylvania, and VINCENZO QUADRINI, University of Southern California--Financial Innovations and Macroeconomic Volatility

 

ALESSANDRO CALZA, European Central Bank, TOMMASO MONACELLI, IGIER, Università Bocconi and CEPR, and LIVIO STRACCA, European Central Bank--Mortgage Markets, Collateral Constraints and Monetary Policy: Do Institutional Factors Matter?

 

NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics, and ALEXANDER MICHAELIDES, London School of Economics--From Shirtsleeves to Shirtsleeves in a Long Lifetime

 

 

Jan. 6, 10:15 am

ES

 

Ambiguity and Disagreement

 

Presiding:  PETER KLIBANOFF, Northwestern University

 

DAVID AHN, University of California-Berkeley, and HALUK ERGIN, Massachusetts Institute of Technology--Unawareness and Framing

 

DARON ACEMOGLU, VICTOR CHERNOZHUKOV, and MUHAMET YILDIZ, Massachusetts Institute of Technology--Learning and Disagreement in an Uncertain World

 

MARIE-LOUISE VIERO, Cornell University--Exactly What Happens After the Anscombe-Aumann Race?  Representing Preferences in Vague Environments

 

ERAN HANANY, Tel Aviv University, and PETER KLIBANOFF, Northwestern University--Updating Preferences with Multiple Priors

 

 

Jan. 6, 10:15 am

ES

 

Trade and Productivity

 

Presiding: FABRIZIO PERRI, University of Minnesota

 

DAVID BENJAMIN, University of Southampton, and FELIPE MEZA, Universidad Carlos III--Manufactured TFP Drops

 

SANGEETA PRATAP, Hunter College, and CARLOS URRUTIA, Instituto Tecnologico Autonoma de Mexico--Credit Constraints, Firm Dynamics and the Transmission of External Financial Shocks

 

TIMOTHY J. KEHOE, University of Minnesota and Federal Reserve Bank of Minneapolis, and KIM J. RUHL, University of Texas--Sudden Stops, Sectoral Reallocations, and Real Exchange Rates

 

LAURA ALFARO, Harvard University, AREENDAM CHANDA, Louisiana State University, SEBNEM KALEMLI-OZCAN, University of Houston and NBER, and SELIN SAYEK, Bilkent University--How Does Foreign Direct Investment Promote Economic Growth?

 

 

Jan. 6, 10:15 am

ES

 

Measuring Welfare Gains

 

Presiding: FEDERICO RAVENNA, University of California-Santa Cruz

 

KENICHI UEDA, International Monetary Fund, and ROBERT M. TOWNSEND, University of Chicago—Welfare Gains of Financial Liberalization

 

SANJAY K. CHUGH and DAVID M. ARSENEAU, Federal Reserve Board—Optimal Fiscal and Monetary Policy with Costly Wage Bargaining

 

EVAN W. ANDERSON, Northern Illinois University, LARS PETER HANSEN, University of Chicago and NBER, and THOMAS J. SARGENT, New York University and NBER—Small Noise Methods for Risk Sensitive/Robust Economies

 

FEDERICO RAVENNA, University of California-Santa Cruz—Inflation Targeting and the Great Moderation

 

Discussants: LUCA SESSA, Banca d'Italia and Universitat Pompeu Fabra

KESHAB BHATTARAI, University of Hull

 

 

Jan. 6, 10:15 am

EHA

 

Technical Change in Historical Perspective

 

Presiding: JEREMY ATACK, Vanderbilt University

 

      MICHELLE ALEXOPOULOS and JON COHEN, University of Toronto—Believe It or Not! The 1930s Was a Technologically Progressive Decade

 

      ALEXANDER J. FIELD, Santa Clara University—The Origins of U.S. Productivity Growth in the Golden Age

 

      TODD C. NEUMANN, University of Arizona—Labor Demand and the Production of Retail Service in the Early 20th Century: The Automobile and Radio as Factor Based Technological Innovations

 

      WILLIAM H. PHILLIPS, University of South Carolina—Capital Intensity in Cotton Gin Manufacturing: The Postbellum Revival of the Southern Industry

 

Discussants: ALEXANDER J. FIELD, Santa Clara University

      JEREMY ATACK, Vanderbilt University

      WERNER TROESKEN, University of Pittsburgh

      ROBERT MARGO, Boston Universitsy

 

 

Jan. 6, 10:15 am

ESA

 

Experimental Political Economy (C9)

 

Presiding: TIM SALMON, Florida State University

 

CHARLES BARRILLEAUX, JUSTIN ESAREY, and TIM SALMON, Florida State University--What Motivates Political Preferences? Self-Interest, Ideology, and Fairness in a Laboratory Democracy

 

JACOB K. GOEREE and LEEAT YARIV, California Institute of Technology--Evaluating the Effects of Informing the Electorate: A Laboratory Study

 

ALESSANDRA CASSELLA, Columbia University, THOMAS PALFREY, Princeton University, and RAYMOND RIEZMAN, University of Iowa--Minorities and Storable Votes

 

DANIEL HOUSER and THOMAS STRATMANN, George Mason University--Selling Favors in the Lab: Experiments on Campaign Finance Reform

 

Discussants: GARY BOLTON, Pennsylvania State University

DAVID COOPER, Case Western Reserve University

JOHN LIGHTLE, Ohio State University

YAN CHEN, University of Michigan

 

 

Jan. 6, 10:15 am

HES

Chicago Economics in Historical and Philosophical Perspective (B2)

 

Presiding: STEVE MEDEMA, University of Colorado-Denver

 

ROSS B. EMMETT, Michigan State University--Did the Chicago School Reject Frank Knight?

 

DEIRDRE MCCLOSKEY, University of Illinois-Chicago--Good Old Chicago and Ethics

 

DAVID M. LEVY, George Mason University, and SANDRA PEART, Baldwin-Wallace College--George Joseph Stigler: The Enduring Contribution

 

ERIC SCHLIESSER, Syracuse University and Leiden University--Friedman, Positive Economics, and the Chilean Chicago Boys

 

Discussants: PHILIP E. MIROWSKI, Notre Dame University

DANIEL HAMMOND, Wake Forest University

 

 

Jan. 6, 10:15 am

IOS

Recent Developments in Antitrust Analysis  (L4)

 

Presiding: JOHN KWOKA, Northeastern University

 

YONGMIN CHEN, University of Colorado-Boulder--Dynamic Price Discrimination with Asymmetric Firms

 

MARTIN GAYNOR, Carnegie Mellon University--A Competition Index for Differentiated Product Oligopoly with an Application to Hospitals

 

JOSEPH HARRINGTON, Johns Hopkins University--Modeling the Birth and Death of Cartels with an Application to Evaluating Antitrust Policy

 

SIMON WILKIE, University of Southern California--The Wholesale Market for Network Circuits: Network Topology and Market Definition

 

Discussants: JAMES DANA, Northwestern University.

WILLIAM ENCINOSA, Agency for Healthcare Research and Quality.

STEPHEN MARTIN, Purdue University.

JOHN KWOKA, Northeastern University.

 

 

Jan. 6, 10:15 am

IAEE

 

Current Issues in Energy Economics and Energy Modeling (Q4)

 

Presiding:  CAROL DAHL, Colorado School of Mines

 

ALIREZA TEHRANI NEJAD M. and VALÉRIE SAINT-ANTONIN, Institut Francais du Pétrole--Allocation of CO2 Emissions in Petroleum Refineries to Petroleum Joint Products: A Case Study

 

LESTER C. HUNT, University of Surrey, and FREDERICK L. JOUTZ, George Washington University--Modeling Underlying Trends in OECD Energy Demand: Deterministic Vs. Stochastic?

 

      BENJAMIN F. BLAIR and JON P. REZEK, Mississippi State University--The Effects of Hurricane Katrina on Price Pass – Through in Gulf Coast Gasoline Markets

 

YOUNGHO CHANG and QIYAN ONG, National University of Singapore--Consumption Efficiency and Deregulated Electricity Market

 

Discussants:  DONALD A. HANSON, Argonne National Laboratory

CLIFTON T. JONES, Stephen F. Austin State University

YOUNG YOO, Federal Energy Regulatory Commission

LYNNE KIESLING, Northwestern University

 

 

Jan. 6, 10:15 am

IAFFE

 

Gender, China, and the WTO (P3)

 

Presiding: XIAO-YUAN DONG, University of Winnipeg

 

GUNSELI BERIK, University of Utah--China’s Economic Transformation and Feminist Economics

 

GALE SUMMERFIELD, University of Illinois-Urbana-Champaign--Rural Development and Gender Realities in China: A Case Study of Population Control and Land Rights Reforms in Northern Liaoning

 

XIAO-YUAN DONG, University of Winnipeg--Economic Restructuring and Gender Differences inProductivity and Wages: Evidence from China’s Industrial Enterprises 

 

YANA VAN DER MEULEN RODGERS, Rutgers University—Structural Change and Competition with China: Implications for Female Workers in Cambodia’s Textiles and Garment Industries

 

Discussants: JOYCE JACOBSEN, Wesleyan University

JAMES W. HUGHES, Bates College

 

 

Jan. 6, 10:15 am

ITFA

 

Current Issues in Globalization (F0)

 

Presiding: JOHN T. EVANS, Long Island University

 

DRUSILLA BROWN, HENRIETTA LAKE, and ADAM BUNNELL, Tufts University—Human Resource Management Practices and Apparel Factory Performance in Global Supply Chains

     

ARNAB K. BASU and ROBERT HICKS, College of William and Mary—Label Transparency and the Willingness-to-Pay: Do Fair Trade Campaigns Efficiently Value Public Goods?

     

      STEVEN SURANOVIC, George Washington University—Can Fair Trade Product Promotion Sustain Higher Wages?

     

      DON P. CLARK, University of Tennessee -- Distance and Intraindustry Trade

 

Discussants:  JUDITH M. DEAN, U.S. International Trade Commission

GIOVANNI FACCHINI, University of Illinois

NANCY CHAU, Cornell University

WENDY TAKACS, University of Maryland-Baltimore County

 

 

Jan. 6, 10:15 am

KAEA

 

Topics in Empirical Labor Economics (J2)

 

Presiding: DONGHOON LEE, New York University

 

      CHEOLSUNG PARK, National University of Singapore--Marriage Market, Parents’ Bargaining Powers, and Children’s Nutrition and Education

 

      YONGIL JEON, Central Michigan University, SANG-YOUNG RHYU, Yonsei University, and MICHAEL SHIELDS, Central Michigan University--Asian Demographic Transition and Relative Cohort Size: An Instrumental Variables Panel Approach

 

      SANGHOON LEE, University of British Columbia-- The Timing of Signaling: To Study in High School or in College

 

      HYEOK JEONG and YONG KIM, University of Southern California--Complementarity and Transition to Modern Economic Growth

 

Discussants: SANG-YOUNG RHYU, Yonsei University

      HYEOK JEONG, University of Southern California

      DONGHOON LEE, New York University

      YONGSUNG CHANG, Seoul National University

 

 

Jan. 6, 10:15 am

LERA

 

Labor and Employment Issues for Activated and Returning Military Personnel

 

Presiding: BRIAN CLAUSS, Arbitrator/Mediator/Attorney

 

IGNAICO MARAMBA, Maramba & Associates--The Activated Soldier and Advice to Employers

 

LUIS MARTINEZ, Cook County Bureau of Human Resources--Best Practices for the Activated and Returning Military

 

SEAN SMOOT, Policeman’s Benevolent and Protective Association--The Activated Military and the Labor Perspective

 

RODNEY DRISCOLL, Favaro & Gorman, Ltd.--Tax and Benefit Implications of Military Activation

 

TOM AIELLO, Monster Military--Helmets to Hardhats

 

 

Jan. 6, 10:15 am

LERA

 

Future of Retirement Income Security: Selections from the 2007 LERA Research Volume

 

Presiding: SHARON HERMES, U.S. Government Accountability Office

 

      BETH ALMEIDA, International Association of Machinists and Aerospace Workers--Multiemployer Plans: Plan Design for the Future

 

      JEFFREY WENGER, University of Georgia--Health Insurance and Older Workers’ Labor Force Participation

     

      RON BLACKWELL, AFL-CIO--Unions and Pensions

 

      CHRISTIAN WELLER, Center for American Progress, and TERESA GHILARDUCCI, University of Notre Dame--Policies for America’s Retirement Future: What Role Should the Employer Have?

 

Discussants: DOUG ORR, Eastern Washington University

      TODD ELDER, University of Illinois-Urbana-Champaign

 

 

Jan. 6, 10:15 am

LERA

 

The Politics of Evaluation: Lessons from the Evaluations of Workplace Dispute Resolution

Programs

 

Presiding: ARTHUR PEARLSTEIN, Creighton University

 

DAVID LEWIN, University of California-Los Angeles--ADR Outcomes and Political Implications

 

LISA B. BINGHAM, Indiana University--The Top Ten Political Problems in Evaluating Workplace Programs

 

DAVID LIPSKY, ARIEL AVGAR, and RONAL L. SEEBER, Cornell University--The Politics of Evaluating Workplace Dispute Resolution Programs: Perspectives from the Public Sector

 

Discussants: MARY ROWE, Massachusetts Institute of Technology

      OLIVER QUINN, Prudential Financial

 

 

Jan. 6, 10:15 am

MEEA

 

Savings, Social Security, and Poverty (D9, H5, I3, O1)

 

Presiding:  AYLIN SECKIN, Istanbul Bilgi University, Turkey

 

JEHAD YASIN, Fort Valley State University--Demographic Structure and Private Savings: Some Evidence from Emerging Markets

 

H. YIGIT AYDEDE, University of Delaware--Saving, Public Social Security and Life-Cycle Theory: New Evidence from An Emerging Country, Turkey

 

MARCO MISSAGLIA, Università degli Studi di Pavia, Italy, and PAUL DE BOER, Erasmus University, Rotterdam--Poverty and Income Distribution Analysis in Palestine: Linking a Micro-Simulation and a Computable General Equilibrium Model

 

A. BENHABIB and T. ZIANI, University of Tlemcen, Algeria--The Analysis of Poverty Dynamics in Algeria: A Multidimensional Approach

 

MASOULD NILI, Sharif University of Technology, Iran—Addressing the Growth Failure of the Oil Exporting Countries: The Role of Government Activities

 

Discussants: SAZIYE GAZIOGLU, Middle East Technical University, Turkey, and University of Aberdeen

FATMA DOGRUEL, Marmara University, Turkey

DOAA M. SALMAN, October University of Modern Science and Arts, Egypt

YOUSRA HAMED, International Labor Organization

MEHMET SERKAN TOSUN, West Virginia University

 

 

Jan. 6, 10:15 am

NABE

 

International Capital Flows:  Measurement, Implications, and Policy Analysis

 

Presiding: CATHERINE L. MANN, Brandeis University and Institute for International Economics

 

MENZIE D. CHINN, University of Wisconsin--Is There a “Global Savings Glut”?

 

BRAD SETSER, Roubini Global Economics and University College, Oxford--Debtor-Creditor Discrepancy in Official Financing

 

JOHN H. ROGERS, Federal Reserve Board, and CHARLES ENGEL--The U.S. Current Account Deficit and the Expected Share of World Output

 

RICARDO CABALLERO, EMANUEL FARHI, Massachusetts Institute of Technology, and PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley--An Equilibrium Model of Global Imbalances and Low Interest Rates

 

Discussants: CATHERINE L. MANN, Brandeis University and Institute for International Economics

ANNA WONG, University of Chicago and Institute for International Economics

 

 

Jan. 6, 10:15 am

NAEE/NCEE

 

High School Economics: Issues in Teaching and Student Outcomes (A2)

 

Presiding: WILLIAM BOSSHARDT, Florida Atlantic University

 

      DAVID M. LANG, California State University-Sacramento--Using Box Office Revenues in the Economics Classroom: An Experiment

 

      MICHAEL C. KIMMITT and KIMBERLY M. BURNETT, University of Hawaii-Manoa--Determinants of  Success in High School Economics: Lessons from the Field

 

      CHIARA GRATTON-LAVOIE and ANDREW GILL, California State University-Fullerton--Retention of High School Economics Knowledge and the Effect of the California State Mandate

 

      ALISON BUTLER, Willamette University--The Illusion of Objectivity: Implications for What and How We Teach Economics

 

Discussants: MARY SUITER, University of Missouri-St. Louis

      TOM SMITH, University of Illinois-Chicago

      RICHARD C. SCHIMING, Minnesota State University-Mankato

      SUE LYNN SASSER, University of Central Oklahoma

 

 

Jan. 6, 10:15 am

NAFE

 

Forensic Economics III (K4)

 

Presiding: DWIGHT STEWARD, Econ One Research Group

 

DAVID H. CISCEL, University of Memphis--Hidden Perils of Calculating the Present Value of Life Care Plans

 

PATRICK L. ANDERSON, ILHAN K. GECKIL, and NICOLE FUNARI, Anderson Economic Group LLC--Essential Factors in Business Valuation and Commercial Damages

 

ARTHUR A. EUBANK, JR., Eubank Economics, Inc., and DAVID G. TUCEK, Value Economics--Expert Economic Testimony: Similarities and Differences in Regulatory and Civil Litigation Proceedings

 

Discussants: MARC A. WEINSTEIN, Team Economics

WILLIAM M.G. PEARSON, Spectrum Economics

      CARL F. LUFT, DePaul University

 

 

Jan. 6, 10:15 am

NAEFA

 

International Finance (F3)

 

Presiding: GEORGE G. KAUFMAN, Loyola University Chicago

 

GEORGE M. VON FURSTENBERG, Indiana University--“The Economics of Offshore Financial Services and the Choice of Tax, Currency, and Exchange Rate Regimes

 

ALEXANDER J. KONDONASSIS, University of Oklahoma, and ANASTASIOS G. MALLIARIS, Loyola University of Chicago--The Global Monetary System and the Role of Global Currencies

 

MUHAMMAD MUSTAFA, South Carolina State University, and MATIUR RAHMAN, McNeese State University--Bilateral Trade with the U.S. and Exchange Rate Dynamics: Evidence from India, Japan, Malaysia, S. Korea and Thailand

 

RYAN STEVER and JAMES A. WILCOX, University of California-Berkeley--Regulatory Discretion and Banks’ Pursuit of “Safety in Similarity”

 

Discussants: ROBERT DEYOUNG, Federal Deposit Insurance Corporation

KWAN KIM, University of Notre Dame

LUCJAN ORLOWSKI, Sacred Heart University

 

 

Jan. 6, 10:15 am

SGE

 

Issues in Financial Markets

 

Presiding: MIKE PIWOWAR, U.S. Securities and Exchange Commission

 

BAHATTIN BUYUKSAHIN and MICHAEL S. HAIGH, U.S. Commodity Futures Trading Commission--Error Trades in Futures Markets

 

CONRAD CICCOTELLO, JASON GREENE, Georgia State University, and LORI WALSH, U.S. Securities and Exchange Commission--Mutual Fund Supermarkets and the Boundaries of Financial Intermediation

 

GREGORY P. NINI, Federal Reserve Board, and DAVID C. SMITH, University of Virginia--Loan Renegotiations

 

Discussants: OLIVER HANSCH, Goldman Sachs and Co.

AMIR SUFI, University of Chicago

HARVEY WESTBROOK, UNX Corp.

 

 

Jan. 6, 10:15 am

URPE

 

Reconstituted Social Structures of Accumulation: Macroeconomics, Profits, Finance,

and Performance (P1)

 

Presiding:  DORENE ISENBERG, University of Redlands

     

      DORENE ISENBERG, University of Redlands—Financial Renovation and the Rise of a New SSA

     

      DAVID M. KOTZ, University of Massachusetts-Amherst-- Identifying the Cause of Capitalist Crises in Two Regimes: The Different Sources of Profit Rate Declines in Regulated versus Neoliberal Capitalism        

 

VICTOR LIPPIT, University of California-Riverside-- Financial Innovation and SSA Formation in the 21st Century

 

      PHILLIP O’HARA, Curtin University—The Index of System Contradiction and Social Structures of Accumulation in the U.S. and China

 

Discussants:  MARTIN WOLFSON, University of Notre Dame

      MINQI LI, University of Utah

 

 

Jan. 6, 10:15 am

URPE

 

Topics in Marxian Economics (B2)

 

Presiding:  JIM DEVINE, Loyola University-Los Angeles

     

      ERIK OLSEN, University of Missouri-Kansas City—Unproductive Activity and Endogenous Technological Change in a Marxian Model of Economic Growth

 

      BOKHYUN CHO, Hanbat National University, South Korea—The Nature of Financial Capital and The Finance-led Accumulation Regime

 

JUSTIN A. ELARDO, Ohio State University—Marx, Marxists, and Economic Anthropology

 

EMLYN F. NARDONE, Centre for Innovation and Structural Change (CISC), National University of Ireland, Republic of Ireland—Integrating Transnational Classes into the Social Structure of Accumulation (SSA) Framework

 

Discussants: ERIK OLSEN, University of Missouri-Kansas City

      JIM DEVINE, Loyola University, Los Angeles

 

 

Jan. 6, 12:30 pm

AEA

 

Luncheon Honoring the 2005 Nobel Laureates in Economics, Thomas Schelling and

Robert Aumann

 

Presiding: THOMAS SARGENT, New York University

     

      DAVID KREPS, Stanford University

 

 

Jan. 6, 12:30 pm

AREUEA

 

Presidential Luncheon

 

Presiding: RICHARD GREEN, George Washington University

 

      STEPHEN MALPEZZI, University of Wisconsin

 

 

Jan. 6, 12:30 pm

LERA

 

Presidential Luncheon

 

Presiding: EILEEN B. HOFFMAN, FMCS

 

      DAVID LIPSKY, Cornell University

 

 

Jan. 6, 2:30 pm

AFEA

 

Growth, Integration and Convergence in African Countries

 

Presiding: AKPAN H. EKPO, University of Uyo, Nigeria

 

      MESHACK AZIAKPONO, Rhodes University, South Africa—Financial and Monetary Autonomy and Interdependence between South Africa and the Other SACU Countries

 

      ANDREW OJEDE, Kansas State University—The Impact of Trade and Exchange Rate Reforms on Trade Balances of Sub-Saharan African Countries: A Dynamic Panel Data Modeling Technique using the GMM Procedure

 

      DANIEL GBETNKOM, University of Yaounde II, Cameroon—Economic Reforms and Real Convergence in the West African Economic and Monetary Union

 

      LEONCE NDIKUMANA, University of Massachusetts—Potential for Regional Capital Market Development and Integration in Africa: Issues and Challenges

 

Discussants: WAYNE NAFZIGER, Kansas State University

      KWABENA GYMAH-BREMPONG, University of South Florida

      UNA OKONKWO OSILI, Indiana University-Purdue University-Indianapolis

      ELIZABETH ASIEDU, University of Kansas

 

 

Jan. 6, 2:30 pm

AAEA

 

Urban Sprawl: Consequences and Policy Approaches (Q1)

 

Presiding: SEONG-HOON CHO, University of Tennessee

 

ANDREW J. PLANTINGA, Oregon State University, and STEPHANIE BERNELL--The Association between Urban Sprawl and Obesity: Is It a Two-Way Street?

 

JUNJIE WU, Oregon State University--How Does Urbanization Affect Local Public Finance and Communities?

 

SEONG-HOON CHO and ROLAND K. ROBERTS, University of Tennessee--The Cure for Urban Sprawl: Balance between Neighborhood Density and Lot Size for Housing.

     

Discussant: RANDALL P. WALSH, University of Colorado

 

 

Jan. 6, 2:30 pm

AEA

 

Search-and-Matching Financial Markets (G1)

 

Presiding: PIERRE-OLIVIER WEILL, New York University

 

      NICOLE GÂRLEANU, University of Pennsylvania—Portfolio Choice and Pricing in Illiquid Markets

 

      RICARDO LAGOS, New York University and Federal Reserve Bank of Minneapolis, and GUILLAUME ROCHETEAU, University of Pennsylvania and Federal Reserve Bank of Cleveland—Search in Asset Markets

 

      DARRELL DUFFIE and GUSTAVO MANSO, Stanford University—Information Transmission in Large Populations

 

Discussants: DIMITRI VAYANOS, London School of Economics

      NEIL WALLACE, Pennsylvania State University

      MANUEL AMADOR, Stanford University

 

 

Jan. 6, 2:30 pm

AEA

 

Religion and Fertility (Z1)

 

Presiding: LAURENCE IANNACCONE, George Mason University

 

      ELI BERMAN, University of California-San Diego, LAURENCE IANNACCONE, George Mason University, and GIUSEPPE RAGUSA, Rutgers University—From Empty Pews to Empty Cradles: Fertility Decline among European Catholics

 

      ALICIA ADSERA, University of Illinois-Chicago—Marital Fertility and Religion in Spain

 

      SRIYA IYER, Cambridge University, and VANI BOROOAH, University of Ulster—Missing Women and India’s Religious Demography

 

Discussant: EDWARD GLAESER, Harvard University

      EVELYN LEHRER, University of Illinois-Chicago

 

Jan. 6, 2:30 pm

AEA

 

Household Responses to Capital Income Taxation (H2)

 

Presiding: JULIE CULLEN, University of California-San Diego

 

      JONATHAN GRUBER, Massachusetts Institute of Technology—A Tax Based Estimate of the Intertemporal Elasticity of Substitution

 

      WOODROW JOHNSON, University of Oregon, and JAMES POTERBA, Massachusetts Institute of Technology—Taxes and Trading Behavior of Mutual Fund Investors Around Fund Distributions: Account-Level Evidence

 

      WOJCIECH KOPCZUK, Columbia University—Bequest and Tax Planning: Evidence from Estate Tax Returns

 

      MARIKA SANTORO, Congressional Budget Office—A Stylized Tax Reform in Presence of Precautionary Savings

 

Discussants: FATIH GUVENEN, University of Rochester

      RAJ CHETTY, University of California-Berkeley

      KATHLEEN MCGARRY, University of California-Los Angeles

      KENT SMETTERS, University of Pennsylvania

 

 

Jan. 6, 2:30 pm

AEA

 

Banking

 

Presiding: WAN-RU YANG, University of California-Santa Barbara

 

      WAN-RU YANG, University of California-Santa Barbara—Signal Effect, Herd Behavior and the Trigger Time of Bank Runs

 

      AMAR GANDE, Vanderbilt University, EDWARD ALTMAN, and ANTHONY SAUNDERS, New York University—Informational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices

 

      DAVID SKEIE, Federal Reserve Bank of New York—Money and Modern Banking without Bank Runs

 

 

Jan. 6, 2:30 pm

AEA

 

Earnings Volatility and Its Implications (J3)

 

Presiding: ROBERT MOFFITT, Johns Hopkins University

 

      PETER GOTTSCHALK, Boston College, and ROBERT MOFFITT, Johns Hopkins University—Trends in Earnings Volatility in the U.S.

 

      RICHARD BLUNDELL, COSTAS MEGHIR, University College London, and JEAN-MARC ROBIN, University of Paris I and University College London—Income Inequality and the Persistence of Idiosyncratic Shocks

 

      FLAVIO CUNHA and JAMES HECKMAN, University of Chicago—The Evolution of Labor Earnings Risk in the U.S. Economy

 

      TEKABE BELAY, Yale University—Rainfall Shocks, Schooling, Health and Child Labor in Rural Ethiopia

 

Discussants: JOSEPH TRACY, Federal Reserve Bank of New York

      MICHAEL BAKER, University of Toronto

      KENNETH WOLPIN, University of Pennsylvania

 

 

Jan. 6, 2:30 pm

AEA

 

International Banking and International Capital Flows (F3)

 

Presiding: LINDA GOLDBERG, Federal Reserve Bank of New York

 

      MARIA PIA OLIVERO, Drexel University—Trade, Non-Competitive Banking and the International Transmission of Business Cycles

 

      NICOLA CETORELLI and LINDA GOLDBERG, Federal Reserve Bank of New York—Do U.S. Banks Transmit Business Cycles Internationally, or React to Them?

 

      P. MARCELO OVIEDO, Iowa State University—The Macroeconomics of Financially Intermediated Small Open Economies

 

      CLAUDIA BUCH and SVEN BLANK, University of Tuebingen—Cross-Border Banking and the International Transmission of Business Cycles

 

Discussants: JONATHAN HEATHCOTE, Georgetown University

      ENRIQUE MENDOZA, University of Maryland

      PHILIP STRAHAN, Boston College

      RICHARD ROSEN, Federal Reserve Bank of Chicago

 

 

Jan. 6, 2:30 pm

AEA

 

Case Studies in the Transition from Financial Theory to Business Practice (G2)

 

Presiding: JOHN AMERIKS, Vanguard Group

 

      ROBERT SHILLER, Yale University—Macro Securities

 

      ANDREW CAPLIN, New York University, FREDERICK POLLOCK, PCM Asset Management, and TRIVIKRAMAN THAMPY, New York University—Shared Equity Mortgages

 

      PETER TUFANO, Harvard Business School—Financial Innovations That Facilitate Asset Building by the Less Well-Off

 

 

Jan. 6, 2:30 pm

AEA

 

Poster Session on Teaching Ideas and Projects (A2)

 

Presiding: RAE JEAN B.GOODMAN, U.S. Naval Academy

 

      WAYNE JOERDING, Washington State University—Collaborative Assignments without Regrets

 

      PAVEL KAPINOS, Carleton College—Using Excel to Teach New Keynesian Economics

 

      MAUREEN KILKENNY, University of Nevada-Reno—An Experimental Market for the Classroom to Test if Speculators Stabilize Prices

 

      CARSTEN LANGE, California State Polytechnic University—The Hogwarts System: An Internet Based Utility to Foster Students’ Active Class Participation and Attendance

 

      MARY LOPEZ, Occidental College—Service or Community-Based Learning Projects

 

      MICHAEL A. QUINN, Bentley College—An On-Line Scavenger Hunt with Blackboard

 

JEAN SHACKELFORD, Bucknell University—iPods in Economics? Technology for Enhancing Active Learning

 

      NEIL SHEFLIN, Rutgers University-New Brunswick—The End of Teaching? The Use of Active Technology in the Large Introductory Economics Class

 

      JOHN Z. SMITH, New York University—Active Learning Exercises for Microeconomic Theory

 

      SUE STOCKLY, Eastern New Mexico University—Demand Analysis with “Real Data”—A Written Assignment for Intermediate Microeconomics

 

      JONATHAN B. WIGHT, University of Richmond—Top Ten Lessons on Ethics in Economics: The Templeton/NCEE Project    

 

 

Jan. 6, 2:30 pm

AEA

 

News, Expectations and Business Cycles (E3)

 

Presiding: SERGIO REBELO, Northwestern University

 

      PAUL BEAUDRY, University of British Columbia, FABRICE COLLARD, and FRANCK PORTIER, University of Toulouse—Expectations of New Markets and Business Cycles

 

      LAWRENCE CHRISTIANO, Northwestern University, ROBERT MOTTO, and MASSIMO ROSTAGNO, European Central Bank—Monetary Policy and a Stock Market Boom-Bust Cycle

 

      MONIKA PIAZZESI, University of Chicago, and MARTIN SCHNEIDER, New York University—Expectations and Asset Prices with Heterogeneous

 

      NIR JAIMOVICH, University of California-San Diego, and SERGIO REBELO, Northwestern University—Can News About the Future Drive the Business Cycle?

 

Discussants: LAWRENCE CHRISTIANO, Northwestern University

      NIR JAIMOVICH, University of California-San Diego

      PAUL BEAUDRY, University of British Columbia

      MARTIN SCHNEIDER, New York University

 

 

Jan. 6, 2:30 pm

AEA

 

Antitrust and Competition Policy

 

Presiding: JOHN CONNOR, Purdue University

 

      JOHN CONNOR, Purdue University—Effectiveness of Antitrust Sanctions on International Private Cartels

 

      MIKA KATO, Howard University—A Framework for Analyzing the Antitrust Safety Zone

 

      MARTA TROYA MARTINEZ, OECD—International Competition Policy: The Coordination of National Competition Authorities

 

      YANHUA ZHANG, University of Toulouse—Forward Contracts and Collusion in the Electricity Market

 

Discussants: To be announced.

 

 

Jan. 6, 2:30 pm

AEA

 

Social Norms, Culture and Institutional Evolution (N3)

 

Presiding: MURAT IYIGUN, University of Colorado and IZA

 

      MARISTELLA BOTTICINI, Collegio Carlo Alberto, Universita di Torino, and Boston University, and ZVI ECKSTEIN, University of Minnesota and Tel Aviv University—From Farmers to Merchants, Voluntary Conversions and the Diaspora: A Human Capital Interpretation of Jewish History

 

      ANN CARLOS, University of Colorado, and LARRY NEAL, University of Illinois-Urbana-Champaign—Women, Property and Securities in the City of London, 1720-1725

 

      MURAT IYIGUN, University of Colorado and IZA—Ottoman Conquests and European Ecclesiastical Pluralism

 

Discussants: JOEL MOKYR, Northwestern University

      MARISTELLA BOTTICINI, Collegio Carlo Alberto, Universita di Torino, and Boston University

      ANN CARLOS, University of Colorado

 

 

Jan. 6, 2:30 pm

AEA

 

Factor Endowments, Relative Prices, and International Trade (F1)

 

Presiding: ROBERT FEENSTRA, University of California-Davis and NBER

 

      KLAUS DESMET, University Carlos III, and STEPHEN L. PARENTE, University of Illinois-Urbana-Champaign—Bigger is Better: Market Size, Demand Elasticity and Resistance to Technology Adoption

 

      PAUL BERGIN, University of California-Davis and NBER, GORDON HANSON, University of California-San Diego and NBER, and ROBERT FEENSTRA, University of California-Davis and NBER—Outsourcing and Volatility

 

      CHRISTIS TOMBAZOS, Monash University—Specialization, the Intermediate Nature of Traded Products, and Wage Inequality

 

      GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and HORAG CHOI, University of Auckland—Firm Heterogeneity, Export Participation, and Trade Reform

 

Discussants: IGOR LIVSHITS, University of Western Ontario

      THOMAS CHANEY, University of Chicago

      HOWARD SHATZ, Rand Corporation

`     KIM J. RUHL, University of Texas-Austin

 

 

Jan. 6, 2:30 pm

AEA

 

Macro Fluctuations and Micro Adjustment Costs (E3)

 

Presiding: JOHN HALTIWANGER, University of Maryland

 

      RICARDO CABALLERO, Massachusetts Institute of Technology, EDUARDO ENGEL, and RUEDIGER BACKMANN, Yale University—Lumpy Investment in Dynamic General Equilibrium

 

      ANIL KASHYAP, University of Chicago, and FRANCOIS GOURIO, Boston University—Does Investment Lumpiness Matter for Aggregate Dynamics?

 

      NICK BLOOM, Stanford University—The Impact of Uncertainty-Shocks: A Firm-Level Estimation and a 9/11 Simulation

 

Discussants: JOHN LEAHY, New York University

      RUSSELL COOPER, University of Texas

      JANICE EBERLY, Northwestern University

 

 

Jan. 6, 2:30 pm

AEA

 

Political Economy of Environmental and Trade Policy (F1)

 

Presiding: SUMEET GULATI, University of British Columbia

 

      CLAUSTRE BAJONA, University of Miami, and JOSH EDERINGTON, University of Kentucky—Domestic Policies, Hidden Protection and the GATT/WTO

 

      JOHN LIST, University of Chicago, DANIEL MILLIMET, Southern Methodist University, and MICHAEL PRICE, University of Nevada-Reno—Canadian/U.S. Softwood Timber Trade Dispute: An Examination of Resolutions and Steps Forward

 

      EMMA AISBEST, LARRY KARP, University of California-Berkeley, and CAROL MCAUSLAND, University of Maryland—Regulatory Takings and Environmental Regulation in NAFTA’s Chapter 11

 

      MATTHEW COLE, University of Birmingham, and PER FREDERIKSSON, University of Louisville—Institutionalized Pollution Havens

 

Discussants: BRIAN COPELAND, University of British Columbia

      JOSH EDERINGTON, University of Kentucky

      SUMEET GULATI, University of British Columbia

      DANIEL MILLIMET, Southern Methodist University

 

 

Jan. 6, 2:30 pm

AEA

 

Looking Down the Pipeline: Female Economists in the Making (In Honor of CSWEP’s

35th Anniversary)

 

Presiding: LISA LYNCH, Tufts University

 

      KAREN DYNAN, Federal Reserve Board

 

      MARIANNE JOHNSON, University of Wisconsin-Oshkosh

 

      ANN OWEN, Hamilton College

 

      MARTHA STARR, American University

 

      CATHERINE WEINBERGER, University of California-Santa Barbara

 

 

Jan. 6, 2:30 pm

AEA

 

Strategic Reporting in Online Feedback Mechanisms (L1)

 

Presiding: HAL R. VARIAN, University of California-Berkeley

 

      LUIS M.B. CABRAL, New York University, and ALI HORTAÇSU, University of Chicago—The Dynamics of Seller Reputation: Evidence from eBay

 

      CHRYSANTHOS DELLAROCAS, Massachusetts Institute of Technology, and CHARLES A. WOOD, University of Notre Dame—The Sound of Silence in Online Feedback: Estimating Trading Risks in the Presence of Reporting Bias

 

                     TOBIAS J. KLEIN, CHRISTIAN LAMBERTZ, University of Mannheim, GIANCARLO SPAGNOLO, CONSIP and Stockholm School of Economics, and KONRAD O. STAHL, University of Mannheim—Last Minute Feedback

 

Discussants: KONRAD O. STAHL, University of Mannheim

      GIANCARLO SPAGNOLO, CONSIP and Stockholm School of Economics

      CHARLES A. WOOD, University of Notre Dame

 

 

Jan. 6, 2:30 pm

AEA

 

Consumer-Directed Health Care: A Wise Choice? (H5)

 

Presiding: DANIEL MCFADDEN, University of California-Berkeley

 

      DAVID LAIBSON, Harvard University—Can Consumers Make Wise Health Care Choices?

 

      JOACHIM WINTER, FLORIAN HEISS, University of Munich, and DANIEL MCFADDEN, University of California-Berkeley—Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans

 

      DAVID WEIR and HELEN LEVY, University of Michigan—The Demand for Prescription Drugs and Medicare Part D: Evidence from the Health and Retirement

 

      MICHAEL HURD, ARIE KAPTEYN, SUSANN ROHWEDDER, and ARTHUR VAN SOEST, RAND Corporation—Knowledge of Drug Costs and Prescription Drug Insurance Plan Preferences

 

Discussants: ALAN KRUEGER, Princeton University

      AMY FINKELSTEIN, Massachusetts Institute of Technology

      DANA GOLDMAN, RAND Corporation

      ANNE HALL, Federal Reserve Board

 

 

Jan. 6, 2:30 pm

AEA

 

Unemployment in Transition Economies: Why So High? (J6)

 

Presiding: ORLEY ASHENFELTER, Princeton University

 

      OLIVIER BLANCHARD, Massachusetts Institute of Technology, and SIMON COMMANDER, London Business School—Why is Unemployment So High in Eastern Europe? The Role of Initial Conditions versus Labor Market Institutions

 

      STEPHEN JURAJDA, CERGE-EI, and KATHERINE TERRELL, University of Michigan—Why is Unemployment in Central and Eastern Europe So High Today?

 

      DANIEL MUNICH, CERGE-EI, and JAN SVEJNAR, University of Michigan—The Efficiency of Employer-Worker Matching in the East and West

 

      GUILIA FAGGIO, London School of Economics—Job Destruction, Job Creation and Unemployment in Transition Economies: What Can Be Learned?

 

Discussants: RICHARD FREEMAN, Harvard University

      GABOR KEZDI, Central European University

      HARTMUT LEHMANN, University of Bologna

      STEFANO SCARPETTA, World Bank

 

 

Jan. 6, 2:30 pm

AEA

 

A Productive Decade: A Retrospective on the U.S. Productivity Resurgence (O4)

 

Presiding: DANIEL SICHEL, Federal Reserve Board

 

      DALE JORGENSON, Harvard University, and KEVIN STIROH, Federal Reserve Bank of New York—A Retrospective on the U.S. Productivity Resurgence: Changing Views and Policy Implications

 

      BARRY P. BOSWORTH and JACK E. TRIPLETT, Brookings Institution—Is the 21st Century Productivity Expansion Still in Services? And What Should Be Done About It?

 

      BART VAN ARK, ROBERT INKLAAR, and MARCEL P. TIMMER, University of Groningen—Why is Productivity Growth in Europe Still Slow?

 

Discussants: ROBERT GORDON, Northwestern University

      ERIK BRYNJOLFSSON, Massachusetts Institute of Technology

      JACK TRIPLETT, Brookings Institution

 

 

Jan. 6, 2:30 pm

AEA

 

Is Foreign Aid Helping?

 

Presiding: WILLIAM EASTERLY, New York University

 

      FRANCOIS BOURGUIGNON, World Bank

 

      RAGHURAM RAJAN, International Monetary Fund

 

      WILLIAM EASTERLY, New York University

 

 

Jan. 6, 2:30 pm

AEA/AERE

 

Valuing Morbidity and Mortality Risk Reductions (J1, I1, Q5)

 

Presiding: MAUREEN CROPPER, University of Maryland and World Bank

 

      KEVIN M. MURPHY and ROBERT H. TOPEL, University of Chicago—The Value of Health and Longevity

 

      MICHAEL GREENSTONE, Massachusetts Institute of Technology, JANET CURRIE, Columbia University, and ENRICO MORETTI, University of California-Berkeley—Are Hazardous Waste Sites Hazardous to Human Health? Evidence from Superfund Clean-Ups and Infant Health

 

      TRUDY ANN CAMERON, University of Oregon, and J. R. DESHAZO, University of California-Los Angeles—A Generalized Model of Demand for Risk Reductions: Estimating the Value of a Statistical Illness Profile

 

Discussants: V. KERRY SMITH, North Carolina State University

      W. KIP VISCUSI, Harvard University

      DAVID MELTZER, University of Chicago

 

 

Jan. 6, 2:30 pm

AEA/NAEFA

 

The Andrew Brimmer Policy Forum: The Political Economy of  John Kenneth

Galbraith (A1)

 

Presiding: ANDREW F. BRIMMER, Brimmer & Company, Inc. and University of Massachusetts-Amherst

 

RICHARD PARKER, Harvard University--Galbraith: Political and Economic Perspectives

 

J. BRADFORD DELONG, University of California-Berkeley--Assessment of Galbraith’s Major Contributions to Economics

 

ANDREW F. BRIMMER, Brimmer & Company, Inc. and University of Massachusetts-Amherst--Galbraith at the Intersections of Politics and Economics

 

Discussants: BARBARA R. BERGMANN, American University

PAUL DAVIDSON, Editor, Journal of Post Keynesian Economics

JAMES K. GALBRAITH, University of Texas-Austin

 

Jan. 6, 2:30 pm

AEA/SPM

 

Income Distribution, Growth and Poverty (D3)

 

Presiding: STANLEY LAWSON, St. John’s University

 

      FRED CAMPANO, Fordham University and United Nations—Economic Development and Income Distribution

 

      DOMINICK SALVATORE, Fordham University—Globalization, Growth, Income Distribution and Poverty

 

      DOUGLAS O. WALKER, Regent University—Patterns of Income Distribution across the World

 

Discussants: SARA GORDON, St. John’s University

      PELLEGRINO MANFRA, City University of New York

 

 

Jan. 6, 2:30 pm

AEA/SGE

 

The Distinguished Lecture on Economics in Government

 

Presiding: THORNTON MATHESON, U.S. Department of the Treasury

 

      ANNE KRUEGER, Stanford University and International Monetary Fund--Multilateral Organizations and the International Economy

 

 

Jan. 6, 2:30 pm

AFA

 

Empirical Asset Pricing: Skeptical Perspectives

 

Presiding: LUBOS PASTOR, University of Chicago

 

      MARTIN LETTAU and SYDNEY LUDVIGSON, New York University—Euler Equation Errors

 

      JONATHAN LEWELLEN, Dartmouth College, STEFAN NAGEL, Stanford University, and JAY A. SHANKEN, Emory University—A Skeptical Appraisal of Asset Pricing Tests

 

      LONG CHEN, Michigan State University, and SHELLY ZHAO, Kent State University—Return Decomposition

 

Discussants: VITO GALA, University of Chicago

      MOTOHIRO YOGO, Harvard University and University of Pennsylvania

      TUOMO VUOLTEENAHO, Harvard University and Arrowstreet Capital, LP

 

 

Jan. 6, 2:30 pm

AFA

 

The Corporate Governance of Executive and Employee Compensation

 

Presiding: PAOLO VOLPIN, London Business School

 

      HENRIK CRONQVIST, Ohio State University, FREDRIK HEYMAN, Research Institute of Industrial Economics, MATTIAS NILSSON, Worcester Polytechnic Institute, HELENA SVALERYD, Research Institute of Industrial Economics, and JONAS VLACHOS, Stockholm School of Economics—Do Entrenched Managers Pay Their Workers More?

 

      NISHANT DASS, MASSIMO MASSA, and URS PEYER, INSEAD—Why Do CEOs Increase Their Equity-Based Compensation? Because They Have To

 

      ZACHARIAS SAUTNER and MARTIN WEBER, University of Mannheim—Corporate Governance and the Design of Stock Option Programs

 

Discussants: AUGUSTIN LANDIER, University of Chicago and New York University

      YANIV GRINSTEIN, Cornell University

      DIRK JENTER, Massachusetts Institute of Technology

 

 

Jan. 6, 2:30 pm

AFA

 

Market Efficiency

 

Presiding: JOHN GRIFFIN, University of Texas-Austin

 

      UPTAL BHATTACHARYA and NEAL GALPIN, Indiana University-Bloomington—Is Stock Picking Declining Around the World?

 

      EKKEHART BOEHMER, Texas A&M University, CHARLES M. JONES, Columbia University, and XIAOYAN ZHANG, Cornell University—Which Shorts are Informed?

 

      PAUL H. SCHULTZ, University of Notre Dame—Downward Sloping Demand Curves, the Supply of Shares, and the Collapse of Internet Stock Prices

 

Discussants: RANDALL MORCK, University of Alberta

      INGRID WERNER, Ohio State University

      WEI XIONG, Princeton University

 

 

Jan. 6, 2:30 pm

AFA

 

Financial Intermediation

 

Presiding:  MANJU PURI, Duke University

 

      NADIA ZIAD MASSOUD, University of Alberta, ANTHONY SAUNDERS, New York University, and BARRY SCHOLNICK, University of Alberta—The Cost of Being Late: The Case of Credit Card Penalty Fees

 

      ELENA LOUTSKINA and PHILIP E. STRAHAN, Boston College—Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Acceptance Rates

 

      JOAO A.C. SANTOS and KRISTIN E. WILSON, Federal Reserve Board—Does Banks’ Corporate Control Benefit Firms? Evidence from U.S. Banks’ Control over Firms’ Voting Rights

 

Discussants: LORETTA MESTER, Federal Reserve Bank of Philadelphia

      MARK LEARY, Duke University

      STEVEN DRUCKER, Columbia University

 

 

Jan. 6, 2:30 pm

AFA

 

IPO’s

 

Presiding: JAY RITTER, University of Florida

 

      TIM JENKINSON and HOWARD JONES, University of Oxford—IPO Pricing and Allocation: A Survey of the Views of Institutional Investors

 

      OZGUR S. INCE, University of Florida—Why Do IPO Offers Prices Only Partially Adjust?

 

      MICHAEL A. GOLDSTEIN, Babson College, PAUL J. IRVINE, and ANDY PUCKETT, University of Georgia—Purchasing IPOs with Commissions: Theoretical Predictions and Empirical Results

 

Discussants: RAYMOND FISHE, University of Richmond

      KATHLEEN HANLEY, Securities and Exchange Commission

      JONATHAN REUTER, University of Oregon

 

 

Jan. 6, 2:30 pm

AREUEA

 

Commercial Mortgage Credit Risk

 

Presiding: KERRY VANDELL, University of Califronia-Irvine

 

HOON CHO, JAMES D. SHILLING, University of Wisconsin, and BRIAN A. CIOCHETTI, Massachusetts Institute of Technology--Nonlinearities in the Relation of Property Prices and Commercial Mortgage Defaults

 

YONGHENG DENG,  XUDONG AN, University of Southern California, and ANTHONY B. SANDERS, Ohio State University--Subordination Level as a Predictor of Credit Risk

 

RICHARD K. GREEN, GEORGE JABBOUR, George Washington University, and YIKANG LIU, BearingPoint--The Performance of Default Risk Structural Models on Commercial Mortgages: An Empirical Investigation

 

WINSTON KOH, ROBERTO MARIANO, ANDREY PAVLOV, Simon Fraser University, and SUSAN WACHTER, University of Pennsylvania--Underpriced Default Spread Exacerbates Market Crashes

 

Discussants: MICHAEL LACOUR-LITTLE, California State University-Fullerton

TIMOTHY RIDDIOUGH, University of Wisconsin
KERRY VANDELL, University of California-Irvine
ROBERT EDELSTEIN, University of California-Berkeley

 

 

Jan. 6, 2:30 pm

AREUEA

 

Modeling Urban Markets

 

Presiding: NELA T. RICHARDSON, Freddie Mac

 

HUA SUN, University of British Columbia--Hyperbolic Discounting, Loss Aversion and Its Implications on Housing Market

 

DONALD R. HAURIN, Ohio State University, JEFFREY D. FISHER, Indiana University, DEAN GATZLAFF, Florida State University, and DAVID GELTNER, Massachusetts Institute of Technology--Indices of Demand and Supply: Estimating and Examining Their Movements in the Residential Property Market

 

HARRIS HOLLANS, Auburn University, CAROLYN DEHRING, University of Georgia, and NEIL DUNSE, University of Aberdeen--Public Open Space, Spatial Externalities and Housing Density

 

DOUGLAS JAMES KRUPKA, Georgia State University, and DOUGLAS SIMPSON NOONAN, Georgia Institute of Technology--Theoretical and Empirical Determinants of Landmark Designation: Why We Preserve What We Preserve, and Why It Matters for Assessing Policy Impacts

 

Discussants: RAVEN SAKS, Federal Reserve Board
STEPHEN ROSS, University of Connecticut
JOSEPH NICHOLS, Federal Reserve Board
DOUGLAS A. MCMANUS, Freddie Mac

 

 

Jan. 6, 2:30 pm

AREUEA

 

Home Mortgage Prepayment and Default

 

Presiding: ROBERT VAN ORDER, University of Michigan

 

SUMIT AGARWAL, Bank of America, BRENT AMBROSE, Pennsylvania State University, SOUPHALA CHOMSISENGPHET, and CHUNLIN LIU, University of Nevada--Screening for Moral Hazard and Adverse Selection: Evidence from the Home Equity Market

 

CHRIS A RICHARDSON, GMAC Residential--Semiparametric and Non-Parametric Estimation of Mortgage Prepayments: The Role of Credit Quality

 

ANTHONY PENNINGTON-CROSS, Federal Reserve Bank of St. Louis--The Duration of Foreclosures in the Subprime Mortgage Market: A Competing Risks Model with Mixing

 

ELLEN A. MERRY, Federal Reserve Board--The Geography of Mortgage Delinquency

 

Discussants: AMY CREWS CUTTS, Freddie Mac

      BARBARA BUKHVALOVA, Norwegian School of Management (BI)

BRENT AMBROSE, Pennsylvania State University

PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University

 

 

Jan. 6, 2:30 pm

ACES

 

Causes and Consequences of Gender Imbalances in Asia and Russia (J1)

 

Presiding: JOSH ANGRIST, Massachusetts Institute of Technology

 

BETSY BRAINERD, Williams College--Uncounted Costs of World War II:  The Effect of Changing Sex Ratios on Marriage and Fertility of Russian Women

 

LENA EDLUND, DOUGLAS ALMOND, Columbia University, HONGBIN LI, and JUNSEN ZHANG, Chinese University of Hong Kong—Long-Term Effects of the 1959-61 China Famine: Mainland China and Hong Kong

 

EMILY OSTER, University of Chicago--Does Increased Access Increase Equality? Gender and Child Health Investments in India

 

NANCY QIAN, Brown University--Missing Women and the Price of Tea in China:  The Effect of Sex-Specific Earnings on Sex Imbalance

 

Discussants:  JOSH ANGRIST, Massachusetts Institute of Technology

MARK ROSENZWEIG, Yale University

DAVID BLOOM, Harvard University

DENNIS YANG, Virginia Tech

 

 

Jan. 6, 2:30 pm

AFEE

 

Pricing and Regulation (D2)

 

Presiding: WILLIAM BARNES, University of Portland

 

ALAN HUTTON, Glasgow Caledonian University, UK--An Institutionalist Model of Regulation for the UK Energy Industries?

 

LYNNE BOWNDS, Eastern Washington University--The Price System and Health Care in the U.S.

 

STEPHEN P. PASCHALL, Lovett Bookman Harmon Marks LLP --The Transition from

Planning to Markets in National Health Policy for Acute Care Hospitals: The Pittsburgh

Experience

 

IRINA PEAUCELLE, Paris-Jourdan Sciences Economiques--Hospital Industry: The Consequences of Reforms in ex-GDR

 

MARC-ANDRÉ GAGNON, York University, Canada--Capital, Power and Knowledge According to Thorstein Veblen: Reinterpreting the Knowledge-Based Economy

 

Discussant: STEVEN BOLDUC, Minnesota State University-Moorhead

 

 

Jan. 6, 2:30 pm

ASE

 

Sustainability in Developing Countries

 

Presiding: SABINE O'HARA, Roanoke College

 

EDWARD L. FITZSIMMONS, Creighton University--Privatization and Poverty in Developing Countries

 

RAVI SRINIVAS, University of St. Thomas-Texas--Global Economic and Environmental Governance for Sustainable Development

 

UGRASEN PANDEY, Agra University, India--Shared Development through Community Action: Participatory Reforestation Efforts in Uttar Pradesh, India

 

B. MKWARA, Malawi Polytechnic--Globalization of Trade and Environmental Degradation in Malawi

 

Discussant:  CHARLES WILBER, University of Notre Dame

 

 

Jan. 6, 2:30 pm

CES

 

Poverty Alleviation in China (I3)

 

Presiding: ALBERT PARK, University of Michigan

 

SHUBHAM CHAUDHURI and GAURAV DATT, World Bank--Has China All but Solved its Poverty Problem?

 

ALBERT PARK, University of Michigan, and SANGUI WANG, Renmin University--Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program

 

SHAOHU CHEN, REN MU, and MARTIN RAVALLION, World Bank—Are There Lasting Impacts of a Poor Area Development Program?

 

ALAN DE BRAUW, International Food Policy and Research Institute, and JOHN GILES, Michigan State University--Migrant Labor Markets and the Welfare of Rural Households in China

 

LINXIU ZHANG, YUANYUAN YAN, Chinese Academy of Sciences, SCOTT ROZELLE, Stanford University, and LOREN BRANDT, University of Toronto--Tax-for-Fee Reform, Village Operating Budgets and Public Goods Investment in China’s Poor Areas

 

Discussants: SCOTT ROZELLE, Stanford University

ALAN DEBRAUW, International Food Policy Research Institute

SHUBHAM CHAUDHURI, World Bank

           

 

Jan. 6, 2:30 pm

ES

 

Asset Pricing

 

Presiding: JESSICA WACHTER, University of Pennsylvania

 

RAVI BANSAL, Duke University, THOMAS TALLARINI, Federal Reserve Board, and AMIR YARON, University of Pennsylvania--The Return to Wealth, Asset Pricing, and the Intertemporal Elasticity of Substitution

 

LUCA BENZONI, University of Minnesota, PIERRE COLLIN-DUFRESNE, University of California-Berkeley and NBER, and ROBERT S. GOLDSTEIN, University of Minnesota and NBER--Can Standard Preferences Explain the Prices of Out-of-the-Money S&P 500 Put Options