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

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 18^th 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

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