15th International Conference | 21-24 March 2019 | Keio University, Tokyo, Japan PRELIMINARY PROGRAM This is a searchable PDF document. To locate a particular participant, type Ctrl F and enter a portion of the individual’s name for whom you are searching. Participating Allied Societies MONETARY POLICY EFFECTS Chair: Kristin A. Van Gaasbeck, California State University, Sacramento AFEA .......... African Finance and Economics Association Papers: Central Bank Losses and Monetary Policy Rules: A DSGE APF ............ Athenian Policy Form Application with US Data EAAERE ..... East Asian Association of Environmental and Resource Economics *André Fourcans, ESSEC Business School, and Jonathan ESA ............ Economics Science Association Benchimol, Bank of Israel FICA ........... Finance ICT Convergence Association Shock Size Matters for US Monetary Policy IBEFA ......... International Banking, Economics and Finance Association *Toyoichiro Shirota, Hokkaido University ICA CCR ..... International Co-operative Alliance Committee on Co- Monetary Policy and Household Balance Sheet Heterogeneity operative Research *Xu Zhang, University of California, San Diego IEFS ........... International Economics and Finance Society Is Timing Everything?: Ordered Probit Estimation of Monetary Policy KAEA ......... The Korea-America Economic Association Reaction Functions Using Real-Time Data NAASE ....... North American Association of Sports Economists *Kristin A. Van Gaasbeck, California State University, Sacramento PES ............ Philippine Economic Society Discussants: Toyoichiro Shirota, Hokkaido University SABE .......... Society for the Advancement of Behavioral Economics Xu Zhang, University of California, San Diego TAIOS ........ Taiwan Association of Input-Output Studies Kristin A. Van Gaasbeck, California State University, Sacramento André Fourcans, ESSEC Business School [1] South Hall Thursday, March 21 @ 1:00 PM–2:15 PM [4] Room 466 Thursday, March 21 @ 2:45 PM–4:30 PM Keynote Address Contemporary Economic Policy ALTERNATIVE WAYS OF MEASURING AGE AND THEIR ECONOMETRICS AND MEASUREMENTS CONSEQUENCES Organizer(s): Jack W. Hou, California State University, Long Beach, Welcome: Yukihiro Ikeda, Dean, Faculty of Economics, Keio and Huazhong University of Science and Technology University Chair: Liang Shao, Henan University Introduction: Peter A. Diamond, Massachusetts Institute of Papers: Is the Cost of a Safer Banking System Lower Economic Technology Activity? Address: John B. Shoven, Stanford University Paul-Olivier Klein, University of Aberdeen, and *Rima Turk-Ariss, International Monetary Fund [2] Room 454 Thursday, March 21 @ 2:45 PM–4:30 PM The First Moment and Est898imation of Single-Parametric Lorenz Volunteer Individual Functions MARKET STABILITY *Liang Shao, Henan University Chair: Javier M. Pereira, Hamilton College Spatial Colocation of University and Firm Innovation Papers: Central Bank Communication on Inflation Target: The Value *Yang Chen, Xi'an Jiaotong-Liverpool University of Information under Unknown Priors Corporate Social Responsibility and Investment Efficiency: Evidence *Tatsushi Okuda, Bank of Japan, and Tomohiro Tsuruga, Bank of from China Japan *Yujing Gong, Zhongnan University of Economics and Law Economic Policy Uncertainty, Risk and Stock Returns: Evidence from Discussants: Liang Shao, Henan University Major Industrial Markets Yujing Gong, Zhongnan University of Economics and Law *Thomas C. Chiang, Drexel University Qingmin Hao, Tianjin University Tax Evasion and Financial Development under Asymmetric Rima Turk-Ariss, International Monetary Fund Information in Credit Markets *Fu-Sheng Hung, National Chengchi University, Taiwan, and Jang- [5] Room 465 Thursday, March 21 @ 2:45 PM–4:30 PM Ting Guo, University of California, Riverside Volunteer Individual Market Stability with Machine Learning Agents INDUSTRIAL ORGANIZATION AND INTERNATIONAL TRADE *Javier M. Pereira, Hamilton College, and Christophre Georges, Chair: Sylvain Petit, University of French Polynesia Hamilton College Papers: The Impact of Technology Level on Global Value Chain Discussants: Thomas C. Chiang, Drexel University Formation Fu-Sheng Hung, National Chengchi University, Taiwan *Duong Lam Anh Tran, University of Tsukuba, and Ivan Javier M. Pereira, Hamilton College Deseatnicov, National Research University Higher School of Tatsushi Okuda, Bank of Japan Economics, Russia Optimal Strategies for Introduction of Quality Certification System [3] Room 452 Thursday, March 21 @ 2:45 PM–4:30 PM *Eui-hyun Ha, Sungkyunkwan University Volunteer Individual 3/23/19 (subject to change) * indicates paper presenter Page 1 Is Price Undertaking a More Friendly Protection Policy than Anti- Strategic Intertemporal Budget Allocation of the Local Government dumping Duty? in the Model with Spillovers and Mergers *Kuo Feng Kao, Tamkang University, and Hong Hwang, National Nobuo Akai, Osaka University, and *Tsuyoshi Goto, Osaka Taiwan University University Tourism Specialization across Qualities in Europe Income Redistribution Effects of Consequential Personal Income Tax *Sylvain Petit, University of French Polynesia Reforms: A Microsimulation Analysis in Japan Discussants: Eui-hyun Ha, Sungkyunkwan University *Takero Doi, Keio University, and Hiroaki Kurita, Keio University Kuo Feng Kao, Tamkang University Does Immigration Affect the Vote Outcome?: Evidence from EU Exit Sylvain Petit, University of French Polynesia Referendum in UK Duong Lam Anh Tran, University of Tsukuba *Hisahiro Naito, University of Tsukuba Discussants: Tsuyoshi Goto, Osaka University [6] Room 451 Thursday, March 21 @ 2:45 PM–4:30 PM Kimiko Terai, Keio University Volunteer Individual Shunichiro Bessho, Keio University CORPORATE CAPITAL STRUCTURE DECISIONS Yoko Kawada, Keio University Chair: Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan Papers: The Tax Consequences of Corporate Pension Management [10] Room 455 Thursday, March 21 @ 2:45 PM–4:30 PM Strategies Volunteer Individual *Kozo Omori, Osaka University of Economics, and Tomoki CHILDHOOD HEALTH ISSUES Kitamura, Tohoku Gakuin University Chair: Mitzie Irene Conchada, De La Salle University Kalecki's Principle of Increasing Risk Violated: The Flow Collateral of Papers: Effects of Universal Early Childhood Education on Adolescent Cash Flow and Free Cash Behavioral Outcomes *Craig A. Medlen, Menlo College, and Zelin Chen, Guangzhou *Michihito Ando, Rikkyo University, Hiroaki Mori, Hitotsubashi Finance Holdings Group Co., LTD., China University, and Shintaro Yamaguchi, McMaster University R&D Investment and Capital Structure Decisions Do Childhood Conduct Problems Predict Negative Outcomes in *Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan, and Adolescence? A Canadian Study Chia Hui Huang, Aletheia University *Weiqiu Yu, University of New Brunswick, Hepsi Swarna, Discussants: Craig A. Medlen, Menlo College University of New Brunswick, and Philip S. J. Leonard, University Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan of New Brunswick Tomoki Kitamura, Tohoku Gakuin University Inequality, Relative Income and Newborn Health *Florencia Borrescio-Higa, Universidad Adolfo Ibanez [7] Room 463 Thursday, March 21 @ 2:45 PM–4:30 PM Teenage Pregnancy and Missed Opportunities: Understanding the Contemporary Economic Policy Impact of Early Childbearing in the Philippines ECONOMICS OF TAIWAN AND CHINA 1 *Mitzie Irene Conchada, De La Salle University Organizer(s): Jr-Tsung Huang, National Chengchi University, Taiwan, Discussants: Weiqiu Yu, University of New Brunswick and Jack W. Hou, California State University, Long Beach, and Florencia Borrescio-Higa, Universidad Adolfo Ibanez Huazhong University of Science and Technology Mitzie Irene Conchada, De La Salle University Chair: Jr-Tsung Huang, National Chengchi University, Taiwan Michihito Ando, Rikkyo University Papers: Can Party Alternation of Local Governor's Election Improve Fiscal Performance of Local Government in Taiwan? [12] Room 457 Thursday, March 21 @ 2:45 PM–4:30 PM *Jr-Tsung Huang, National Chengchi University, Taiwan, and Jia- Volunteer Individual Jun Tseng, National Chengchi University, Taiwan PRICING STRATEGY A Study of Cigarettes Consumption in Taiwan: The Quantile Chair: Michael D. Noel, Texas Tech University Regression Approach Papers: Benchmark Regulation of Multiproduct Firms: An Application *Vance Kuang-Ta Lo, National Chengchi University, Taiwan, to the Rail Industry Stephanie Tsui, City University of Hong Kong, and Pei-Yuan Chao, *Wesley W. Wilson, University of Oregon, and Frank Wolak, National Chengchi University, Taiwan Stanford University The Stewardship Role of Conservatism in the Presence of Hidden- International Congested Airports: Pricing and Capacity Information and Hidden-Action Problems *Ming Hsin Lin, Osaka University of Economics *Pei-Cheng Liao, National Taiwan University, Guang Ma, National Gasoline Price Dispersion and Consumer Search: Evidence from a University of Singapore, and Suresh Radhakrishnan, University of Natural Experiment Texas at Dallas *Michael D. Noel, Texas Tech University Discussants: Pei-Cheng Liao, National Taiwan University Discussants: Ming Hsin Lin, Osaka University of Economics Jr-Tsung Huang, National Chengchi University, Taiwan Michael D. Noel, Texas Tech University Vance Kuang-Ta Lo, National Chengchi University, Taiwan Wesley W. Wilson, University of Oregon [9] Room 453 Thursday, March 21 @ 2:45 PM–4:30 PM [13] Room 467 Thursday, March 21 @ 2:45 PM–4:30 PM Individually Organized Contemporary Economic Policy LOCAL