15th International Conference | 21-24 March 2019 | Keio University, Tokyo, Japan PRELIMINARY PROGRAM

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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 PUBLIC FINANCE AND POLITICAL ECONOMY INNOVATION AND CREATIVITY Organizer(s): Takero Doi, Keio University Organizer(s): Jack W. Hou, California State University, Long Beach, Chair: Kimiko Terai, Keio University and Huazhong University of Science and Technology Papers: Local Fiscal Multiplier in Ageing Japan Chair: Rajeev K. Goel, Illinois State University *Shunichiro Bessho, Keio University Papers: Lottery and Innovation: Empirical Evidence from China

3/23/19 (subject to change) * indicates paper presenter Page 2 *Wenzhe Zhao, Central University of Finance and Economics, Impact of Natural Disasters on Performance of Fisheries Sector: The China Case of Sri Lanka Economic Uncertainty Versus Political Uncertainty: Impact on *Sajeevani Weerasekara, Queensland University of Technology, Innovation Clevo I. Wilson, Queensland University of Technology, Boon L. *Rajeev K. Goel, Illinois State University, and Michael Nelson, Lee, Queensland University of Technology, and Viet-Ngu Hoang, University of Akron Queensland University of Technology Public R&D Subsidies and Firm Accessibility to External Financing: Solving Indonesia's Songbird Crisis through Market-Based Evidence from China Approaches Di Guo, University of Hong Kong, *Yan Guo, Peking University, *Karlina Indraswari, Queensland University of Technology and Kun Jiang, University of Nottingham, United Kingdom An Analysis of the Relationship between Housing Attributes and Discussants: Rajeev K. Goel, Illinois State University Condominium Price Variation in Sri Lanka with Special Reference to Yan Guo, Peking University the Luxury Apartment Market in Colombo Wenzhe Zhao, Central University of Finance and Economics, China *Nirmanie Weerasinghe, University of Moratuwa, Suresh Kariyawasam Sittarage, University of Moratuwa, and Nipuna [14] Room 462 Thursday, March 21 @ 2:45 PM–4:30 PM Lansakara, Link Engineering Pvt Ltd, Sri Lanka Contemporary Economic Policy THE ROLE OF GOVERNMENT IN ECONOMIC DEVELOPMENT [17] Room 456 Thursday, March 21 @ 2:45 PM–4:30 PM Organizer(s): Jianpo Xue, Renmin University of China Volunteer Individual Chair: Chong-Kee Yip, Chinese University of Hong Kong HOUSING MARKETS Papers: Information, Tournament Competition, and Local Fiscal Chair: Dag Einar Sommervoll, Norwegian University of Life Sciences Policies: New Evidence from China Papers: Controlling House Price Affordability: Look to the Rental Jia Junxue, Renmin University of China, Jing Ning, Central Market University of Finance and Economics, China, L. Colin Xu, World *Graham Squires, Massey University, and Don J. Webber, Bank, and *Jing Zhang, Renmin University of China Swansea University Tractor Adoption and Rural Fertility Spatially Defined Submarkets of National Housing Market: A *Terry Cheung, Institute of Economics Academia Sinica Machine Learning Approach Marketization, Balanced-Budget Taxation and Economic (In)Stability *Fang Yao, Reserve Bank of New Zealand, Dag Einar Sommervoll, Leo C. H. Lam, Washington University in St. Louis, Jianpo Xue, Norwegian University of Life Sciences, and Avald Sommervoll, Renmin University of China, and *Chong-Kee Yip, Chinese University of Oslo University of Hong Kong Redrawing of a Housing Market: Insurance Payouts and Housing Discussants: Jianpo Xue, Renmin University of China Market Recovery in the Wake of the Christchurch Earthquake 2011 Chong-Kee Yip, Chinese University of Hong Kong *Dag Einar Sommervoll, Norwegian University of Life Sciences, Terry Cheung, Institute of Economics Academia Sinica Cuong Nguyen, Victoria University of Wellington, Ilan Noy, Victoria University of Wellington, and Fang Yao, Reserve Bank of [15] Room 476 Thursday, March 21 @ 2:45 PM–4:30 PM New Zealand Individually Organized Discussants: Fang Yao, Reserve Bank of New Zealand ECONOMICS OF WASTE AND RECYCLING: HONORING EIJI HOSODA Dag Einar Sommervoll, Norwegian University of Life Sciences Organizer(s): Masashi Yamamoto, University of Toyama, and Graham Squires, Massey University Thomas Kinnaman, Bucknell University Chair: Masashi Yamamoto, University of Toyama [18] Room 461 Thursday, March 21 @ 2:45 PM–4:30 PM Papers: Is Incineration Replacing Recycling in OECD Countries? Allied Society: NAASE *Thomas Kinnaman, Bucknell University SPORTS TEAMS, SPORTS EVENTS, AND COMMUNITIES The Decision to Contract Out Waste Management - Does Politics Organizer(s): Michael A. Leeds, Temple University Matter? Chair: Jane E. Ruseski, West Virginia University Andrew J. Abbott, University of Hull, Shasikanta Nandeibam, Papers: The Impact of Stadiums on Property Values and Income: A University of Bath, and *Lucy O'Shea, University of Bath PUMA Geographic Level Approach Does the Financial Responsibility of Producers for Waste Disposal *Pranjal Drall, Grinnell College, and *Nola Agha, University of San Give Correct Signal for Design for Environment? Francisco *Eiji B. Hosoda, Keio University The Economic Impact of Tokyo 2020 Discussants: Daisuke Ichinose, Rikkyo University *Eva Marikova Leeds, Moravian College Hide-Fumi Yokoo, National Institute for Environmental Studies, Professional Sports Events and Public Spending: Causal Evidence Japan from Municipal Police Budgets Ken-Ichi Akao, Waseda University Brad R. Humphreys, West Virginia University, Umair M. Khalil, University of Adelaide, and *Hyunwoong Pyun, Ruhr University [16] Room 475 Thursday, March 21 @ 2:45 PM–4:30 PM Bochum Individually Organized Test for Uncertainty of Outcome Hypothesis in European Football EFFICIENCY AND POLICY ANALYSIS Leagues Organizer(s): Clevo I. Wilson, Queensland University of Technology Hayley Jang, Seoul National University, and *Young Hoon Lee, Chair: Clevo I. Wilson, Queensland University of Technology Sogang University Papers: Technical Efficiency of Swedish District Courts - A Stochastic Discussants: Brad R. Humphreys, West Virginia University Distance Function Approach Jane E. Ruseski, West Virginia University Ajsuna Ragipi Rushid, Linnaeus University, and *Jonas Mansson, Michael A. Leeds, Temple University Linnaeus University

3/23/19 (subject to change) * indicates paper presenter Page 3 [19] Room 456 Thursday, March 21 @ 4:45 PM–6:30 PM *Zhe Fu, University of International Business and Economics, Allied Society: ESA China, and Dan Xi, University of International Business and TOPICS IN EXPERIMENTAL ECONOMICS Economics, China Organizer(s): C. Monica Capra, Claremont Graduate University, and Financing Multinationals Siqi Pan, University of Melbourne Jingting Fan, Pennsylvania State University, University Park, and Chair: Alistair Munro, National Graduate Institute for Policy Studies *Wenlan Luo, Tsinghua University Papers: An Honest Day's Pay: Cooperation among Entrepreneurs vs. Financial Openness, Bank Capital Flows, and the Effectiveness of Students, and Linkages to Real-World Business Success Macroprudential Policy *Mongoljin Batsaikhan, Georgetown University, and Louis *Hao Jin, Xiamen University, and Chen Xiong, Xiamen University Putterman, Brown University Intra-Sectoral Trade and the Input-Output Linkages Do You Listen to Me? An Experimental Test of Intra-household Zijian He, Yale University, and *Qing Liu, Tsinghua University Communication Discussants: Qing Liu, Tsinghua University *Alistair Munro, National Graduate Institute for Policy Studies Hao Jin, Xiamen University Wenlan Luo, Tsinghua University [20] Room 452 Thursday, March 21 @ 4:45 PM–6:30 PM Zhe Fu, University of International Business and Economics, China Volunteer Individual BUSINESS CYCLES AND OVERLAPPING GENERATIONS [23] Room 451 Thursday, March 21 @ 4:45 PM–6:30 PM Chair: Bo Yang, Swansea University Volunteer Individual Papers: Trade Linkages and International Business Cycle FINANCIAL ASSET TRADING AND PRICING Comovement: Evidence from Korean Industry Data Chair: Greg Arburn, University of Findlay *Dongyeol Lee, International Monetary Fund Papers: Improving Stock Return Density Forecasts using Regular Vine Regional Spillovers through Multi-Market Firms: The Quality Copulas Downgrading Channel *Xiao Jing Cai, Kobe University, and Shigeyuki Hamori, Kobe *Jay Hyun, Columbia University, and Ryan Kim, Johns Hopkins University University Commodity Derivatives Markets and Hedge Funds: The Grain Market An Estimated Two-country DSGE Model for a Partially Dollarized *Greg Arburn, University of Findlay, and Laura Harper, University Economy with Financial Market Imperfections of Findlay *Bo Yang, Swansea University Trading of the Japanese Nikkei Stock Average Utilizing Entropy Discussants: Jay Hyun, Columbia University *Darrol J. Stanley, Pepperdine University, Levan Efremidze, Bo Yang, Swansea University Pepperdine University, and Clemens Kownatski, Pepperdine Dongyeol Lee, International Monetary Fund University How Does Product Market Competition Affect the Corporate [21] Room 463 Thursday, March 21 @ 4:45 PM–6:30 PM Takeover in an Emerging Economy? Contemporary Economic Policy *Kyung Suh Park, Korea University ECONOMICS OF TAIWAN AND CHINA 2 Discussants: Greg Arburn, University of Findlay Organizer(s): Jr-Tsung Huang, National Chengchi University, Taiwan, Darrol J. Stanley, Pepperdine University and Jack W. Hou, California State University, Long Beach, and Kyung Suh Park, Korea University Huazhong University of Science and Technology Xiao Jing Cai, Kobe University Chair: Jr-Tsung Huang, National Chengchi University, Taiwan Papers: The Effect of Fiscal Deficit on Income Distribution in Taiwan: [24] Room 454 Thursday, March 21 @ 4:45 PM–6:30 PM A County-Level Panel Analysis Volunteer Individual Jr-Tsung Huang, National Chengchi University, Taiwan, and *Jia- HUMAN CAPITAL INVESTMENTS Jun Tseng, National Chengchi University, Taiwan Chair: Aaron Bodoh-Creed, University of California, Berkeley Policy Uncertainty and Retirement Decision Measuring Workers' Papers: Do Stricter High School Math Requirements Raise College Response to Uncertainty Using Search-based Metrics STEM Attainment *Chien-Hao Fu, National Taipei University, and Fan Su, National *Ning Jia, Central University of Finance and Economics, China Taipei University Get Divorced for the Kids: Does the FAFSA Incentivize Divorce for The Overlooked China Shock: The Negative Impact of Trading with Parents of College-Bound Children? China on Labor Productivity in the U.S. *Christopher Laincz, Drexel University, Alaina Barca, Drexel Hsin-ling Hsieh, Northern Michigan University, *William Yu, University, Mark Stehr, Drexel University, Nicole Torskiy, Drexel University of California, Los Angeles, and Echu Liu, Saint Louis University, and Leigh-Ann Wilkins, Federal Reserve Bank of University Philadelphia Discussants: Vance Kuang-Ta Lo, National Chengchi University, The Effect of Delaying School Start Time on Adolescents' Time Use Taiwan and Health: Evidence from a Policy Change in Korea William Yu, University of California, Los Angeles *Dong Kyu Yang, Sungkyunkwan University, and Jaesung Choi, Chien-Hao Fu, National Taipei University Sungkyunkwan University Pre-College Human Capital Investment and Affirmative Action: A [22] Room 462 Thursday, March 21 @ 4:45 PM–6:30 PM Structural Policy Analysis of US College Admissions Individually Organized *Aaron Bodoh-Creed, University of California, Berkeley FINANCIAL OPENNESS AND TRADE Discussants: Christopher Laincz, Drexel University Organizer(s): Qing Liu, Tsinghua University Dong Kyu Yang, Sungkyunkwan University Chair: Qing Liu, Tsinghua University Aaron Bodoh-Creed, University of California, Berkeley Papers: Financial Development and Income Inequality Ning Jia, Central University of Finance and Economics, China

3/23/19 (subject to change) * indicates paper presenter Page 4 *Meradee Tangvatcharapong, Texas A&M University, College [25] Room 455 Thursday, March 21 @ 4:45 PM–6:30 PM Station Volunteer Individual Discussants: Yang Chen, Xi'an Jiaotong-Liverpool University HEALTH, FRAUD, AND WELFARE EFFECTS Meradee Tangvatcharapong, Texas A&M University, College Station Chair: Lauren Nicholas, Johns Hopkins University Khoa Ho Anh Rodolfo M. Nayga, University of Arkansas, Fayetteville Nguyen, Victoria University of Wellington Kelly Foley, University of Saskatchewan Papers: The Spillover Effects of Health Insurance Policy for Young Children in Vietnam [28] Room 457 Thursday, March 21 @ 4:45 PM–6:30 PM *Khoa Ho Anh Nguyen, Victoria University of Wellington, and Volunteer Individual Harold E. Cuffe, Victoria University of Wellington MARKET STRUCTURE AND EMPLOYEE BEHAVIOR Pay-for-Delay Patent Settlement, Generic Entry and Welfare Chair: Olvar Bergland, Washington State University Pullman *Yucheng Ding, Wuhan University Papers: An Empirical Study of Employee Behavior of Japanese Firms: The Short-Term Effects of Nutrition Deficiency on Labor Supply and An Analysis of the Generation Gap and the Age-Gap Productivity: Evidence from Ramadan in Indonesia *Yuko Okajima, Osaka University *Zihan Hu, Cornell University Scamming and the Reputation of Drug Dealers on Darknet Markets The Effects of Fraud and Abuse on Mortality in the Medicare *Romain Espinosa, CNRS - Université Rennes 1 Program Price-Matching to Deter Consumer Search *Lauren Nicholas, Johns Hopkins University *Yue Li, University of Wisconsin -- Madison Discussants: Yucheng Ding, Wuhan University Congested Transmission Lines and Market Power: An Input-Output Zihan Hu, Cornell University Hidden Markov Model of Supply Lauren Nicholas, Johns Hopkins University *Olvar Bergland, Washington State University Pullman, H. Alan Khoa Ho Anh Nguyen, Victoria University of Wellington Love, Washington State University Pullman, and Faisal Mirza, University of Gujrat [26] Room 466 Thursday, March 21 @ 4:45 PM–6:30 PM Discussants: Romain Espinosa, CNRS – Université Rennes 1 Contemporary Economic Policy Yue Li, University of Wisconsin -- Madison ECONOMICS OF JAPAN: UNIONS, STOCKS, AND EDUCATION Olvar Bergland, Washington State University Pullman Organizer(s): Jack W. Hou, California State University, Long Beach, Yuko Okajima, Osaka University and Huazhong University of Science and Technology Chair: Jack W. Hou, California State University, Long Beach, and [29] Room 453 Thursday, March 21 @ 4:45 PM–6:30 PM Huazhong University of Science and Technology Volunteer Individual Papers: Measuring Union Bargaining Power: Evidence from Japan TECHNOLOGY CHANGE *Scott M. Fuess Jr., University of Nebraska, Lincoln Chair: Dirk Czarnitzki, Katholieke Universiteit Leuven Does Athletes' Performance Influence a Sponsor's Market Value? Papers: Biased Technical Changes and Wage Inequality- Skill-Biased *Fumiko Takeda, University of Tokyo, Keiya Mori, University of vs. Capital-Biased Technical Progress Tokyo, and Tatsuaki Morino, University of Tokyo *Yasuyuki Osumi, University of Hyogo Amendment of the National Curriculum for High School, and Directed Technical Change, Technology Spillovers, and Asset Pricing Changes in the Effects of the National Curriculum on Outcomes in *Ting-Wei Lai, National Chengchi University, Taiwan, Kuan-Jen Japan Chen, Fu Jen Catholic University, and Ching-Chong Lai, Academia *Ryosuke Nakamura, Fukuoka University Sinica Discussants: Fumiko Takeda, University of Tokyo Exports and innovation: Evidence from Anti-Dumping Investigations Ryosuke Nakamura, Fukuoka University again Japanese Firms Scott M. Fuess Jr., University of Nebraska, Lincoln *Nobuaki Yamashita, RMIT University Public Procurement of Innovation: Evidence from a German [27] Room 467 Thursday, March 21 @ 4:45 PM–6:30 PM Legislative Reform Contemporary Economic Policy *Dirk Czarnitzki, Katholieke Universiteit Leuven TOPICS IN LABOR ECONOMICS: ISSUES RELATED TO CHILDREN AND Discussants: Ting-Wei Lai, National Chengchi University, Taiwan YOUTH Nobuaki Yamashita, RMIT University Organizer(s): Jack W. Hou, California State University, Long Beach, Dirk Czarnitzki, Katholieke Universiteit Leuven and Huazhong University of Science and Technology Yasuyuki Osumi, University of Hyogo Chair: Rodolfo M. Nayga, University of Arkansas, Fayetteville Papers: The Effect of Gender-Specific Labor Market Conditions on [31] Room 465 Thursday, March 21 @ 4:45 PM–6:30 PM Children's Weight Contemporary Economic Policy Bongkyun Kim, University of Arkansas, Fayetteville, Michael R. ECONOMICS OF CHINA: REGIONAL GROWTH AND Thomsen, University of Arkansas, Fayetteville, *Rodolfo M. AGGLOMERATION Nayga, University of Arkansas, Fayetteville, and Anthony Goudie, Organizer(s): Jack W. Hou, California State University, Long Beach, Arkansas Center for Health improvement and Huazhong University of Science and Technology Impact Evaluation of the NNAT Program in Costa Rica Chair: Nicolas Groenewold, University of Western Australia *Jaime A. Meza-Cordero, IMPAQ International, LLC Papers: The Regional Effects of China's Growth Slowdown Admissions Constraints and the Decision to Delay University Anping Chen, Jinan University, and *Nicolas Groenewold, *Kelly Foley, University of Saskatchewan University of Western Australia The Impact of School Tracking and Peer Quality on Student Bureaucratic Personnel System and Synchronization of Regional Achievement: Regression Discontinuity Evidence from Thailand Economic Activity: Evidence from China *Junyi Liu, Soka University

3/23/19 (subject to change) * indicates paper presenter Page 5 External Integration, Internal Liberalization, and Coastal An Empirical Re-Examination of Extreme Tail Behavior: Testing the Agglomeration in China Assumptions of the Power Laws and the Generalized Pareto *Hao Guo, Nanjing Audit University Distribution on the Financial Series Discussants: Junyi Liu, Soka University *Wei-han Liu, Southern University of Science and Technology Hao Guo, Nanjing Audit University Dynamic Interdependence and Spillovers of Market Volatility among Nicolas Groenewold, University of Western Australia Bunker Fuel Markets *Xiaoxia Li, Hong Kong Polytechnic University, and Tsz Leung Yip, [32] Room 461 Thursday, March 21 @ 4:45 PM–6:30 PM Hong Kong Polytechnic University Allied Society: NAASE A Max-Correlation White Noise Test for Weakly Dependent Time TOPICS IN SPORTS ECONOMICS Series Organizer(s): Michael A. Leeds, Temple University Jonathan B. Hill, University of North Carolina, Chapel Hill, and Chair: Michael A. Leeds, Temple University *Kaiji Motegi, Kobe University Papers: College Football Head Coach Salaries, Beauty, and Discussants: Wei-han Liu, Southern University of Science and Aggression: Evidence from a Machine Learning Approach to Facial Technology Recognition Xiaoxia Li, Hong Kong Polytechnic University Guodong Guo, West Virginia University, *Brad R. Humphreys, Kaiji Motegi, Kobe University West Virginia University, Mohammad Iqbal Nouyed, West Virginia Mark J. Holmes, University of Waikato University, and Yang Zhou, West Virginia University Performance in the Presence of a Dominant Champion: Annika [35] Room 457 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Sorenstam and the LPGA Allied Society: PES *Eva Marikova Leeds, Moravian College, and Michael A. Leeds, THEORETICAL AND EMPIRICAL APPROACHES FOR ANALYZING Temple University CONTEMPORARY ISSUES IN THE PHILIPPINES Measuring the Relative Contribution of Sport Participation, Diet, and Organizer(s): Lawrence B. Dacuycuy, De La Salle University and Socioeconomic Status to Obesity Philippine Economic Society *Jane E. Ruseski, West Virginia University Chair: Lawrence B. Dacuycuy, De La Salle University and Philippine Do Fans want Home Team Wins? Causal Evidence from One-Two Economic Society Punch in MLB Papers: Assessing the Impact of Health Decentralization on Local *Hyunwoong Pyun, Ruhr University Bochum Health System's Financing and Health Care Delivery in the Philippines Discussants: Hyunwoong Pyun, Ruhr University Bochum *Marites Tiongco, De La Salle University and Philippine Economic Nola Agha, University of San Francisco Society, and Ma Ella Oplas, De La Salle University Eva Marikova Leeds, Moravian College Constructing a Sector Prioritization Index for Disaster Risk Analysis Michael A. Leeds, Temple University Daryn Joy O Go, De La Salle University, Michael Angelo B. Promentilla, De La Salle University, Kathleen Aviso, De La Salle [33] Room 456 Friday, March 22 @ 8:30:00 AM–10:15:00 AM University, and *Krista Danielle S. Yu, De La Salle University and Allied Society: ESA Philippine Economic Society EXPERIMENTS ON BEHAVIORAL FINANCE Effects of Change in Relative Prices in Existing Decompositions of Organizer(s): C. Monica Capra, Claremont Graduate University, and Aggregate Labour Productivity Growth Siqi Pan, University of Melbourne *Jesus C. Dumagan, De La Salle University and Philippine Chair: Yuxin Su, Claremont Graduate University Economic Society Papers: The Appetite for Substantial Returns in Retail Structured The Effect of Persistent Migration on Wages and the Composition of Investment Labor *Doron Sonsino, The Center for Academic Studies and Ben- *Mariel Monica Sauler, De La Salle University and Philippine Gurion University, Yaron Lahav, Ben-Gurion University, and Yefim Economic Society, and Aditya Goenka, University of Birmingham Roth, University of Haifa Are Women Really Better Borrowers in Microfinance? Evidence from [36] Room 451 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Matrilineal and Patrilineal Societies in India Volunteer Individual *Shagata Mukherjee, Meghnad Desai Academy of Economics, MARKET DESIGN India Chair: Cristian Rojas, ARC Centre of Excellence for Coral Reef Studies Wishful-Thinking in Predictions of Asset Prices Papers: Optimal Monitoring Design *Guy Mayraz, University of Melbourne *George Georgiadis, Northwestern University Reference Dependence and Location-Price Competition in Hotelling [34] Room 454 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Model Volunteer Individual *Young Joon Park, Peking University, and Shuaishuai Deng, China FINANCIAL MARKET APPLICATIONS OF TIME-SERIES Development Bank ECONOMETRICS College Better: Parimutuel Betting Markets as a Commitment Device Chair: Kaiji Motegi, Kobe University and Monetary Incentive Papers: Interest Rate Convergence across Maturities: Evidence from *Lester Lusher, University of Hawaii at Manoa Bank Data in an Emerging Market Economy Does Polarization lead to Backstabbing in Alliance Conflicts? An *Mark J. Holmes, University of Waikato, Ana Marie Iregui, Banco Experimental Exploration de la Republica de Colombia, and Jesus Otero, Universidad del *Cristian Rojas, ARC Centre of Excellence for Coral Reef Studies Rosario Discussants: Young Joon Park, Peking University Lester Lusher, University of Hawaii at Manoa Cristian Rojas, ARC Centre of Excellence for Coral Reef Studies

3/23/19 (subject to change) * indicates paper presenter Page 6 George Georgiadis, Northwestern University Volunteer Individual FINANCIAL SECTOR CRISIS AND BANKS [37] Room 464 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Chair: Patrick Weber, Deutsche Bundesbank Volunteer Individual Papers: Financial Development and Banking Sector Stability AGGREGATE EFFECTS OF FIRM BEHAVIOR *Jittima Tongurai, Kobe University, Kaveepong Lertwachara, Chair: Erin L Wolcott, Middlebury College Srinakharinwirot University, and Pattana Boonchoo, Thammasat Papers: R&D-Corporate Saving Sensitivity under Financial University Constraints: International Evidence Bank Liquidity Management, Collateral Quality and Policies *Atsushi Kawamoto, World Bank *Jung-Hyun Ahn, NEOMA Business School, Vincent Bignon, Wage Premium in The Formal Sector: Evidence From IFLS Banque de France, Regis Breton, Banque de France, and Antoine *Xiaochen Bian, National University of Singapore, John C. Ham, Martin, Federal Reserve Bank of New York New York University Abu Dhabi, John Strauss, University of The Fire-Sale Channels of Universal Banks in the European Sovereign Southern California, and Firman Witoelar, SurveyMETER Debt Crisis Skill Mismatch Unemployment *Patrick Weber, Deutsche Bundesbank *Erin L Wolcott, Middlebury College, and Marianna Kudlyak, Discussants: Jung-Hyun Ahn, NEOMA Business School Federal Reserve Bank of San Francisco Patrick Weber, Deutsche Bundesbank Discussants: Xiaochen Bian, National University of Singapore Jittima Tongurai, Kobe University Erin L Wolcott, Middlebury College Atsushi Kawamoto, World Bank [41] Room 453 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Allied Society: FICA [38] Room 452 Friday, March 22 @ 8:30:00 AM–10:15:00 AM ISSUES IN FINTECH AND CRYPTOCURRENCY INDUSTRIES Volunteer Individual Organizer(s): John Junggun Oh, Konkuk University INTERNATIONAL MACROECONOMICS Chair: Yangwoo Kim, University of Suwon Chair: William D. Craighead, Colorado College Papers: Emerging FinTech Businesses and the Implication to Small Papers: Decomposition of Japan's trade balance and Medium Enterprises (SMEs) *Yuri Sasaki, Meiji Gakuin University *Gyoung-Gyu Choi, Dongguk University Intra-Industry Trade, Involuntary Unemployment and Indeterminacy Sustainable Crypto-Economy *Antoine Le Riche, Sichuan University, Teresa Lloyd-Barga, *Youngwhan "Nick" Lee, DeLight Chain Inc. Universidade Catolica Portuguesa, and Leonor Modesto, Prospects of Bitcoin Price Universidade Catolica Portuguesa *John Junggun Oh, Konkuk University Anticipation and Dynamic Welfare Effects of Trade Barriers Discussants: Youngwhan "Nick" Lee, DeLight Chain Inc. *Povilas Lastauskas, Vilnius University, and Justas Dainauskas, Byung Hwa Lim, University of Suwon University of York Gyoung-Gyu Choi, Dongguk University Intermediate Goods and Exchange Rate Disconnect *William D. Craighead, Colorado College [42] Room 455 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Discussants: Antoine Le Riche, Sichuan University Allied Society: IBEFA Povilas Lastauskas, Vilnius University LIQUIDITY AND MACROPRUDENTIAL REGULATION William D. Craighead, Colorado College Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University Yuri Sasaki, Meiji Gakuin University and Funcas, and Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas [39] Room 462 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Chair: Francisco Rodriguez-Fernandez, Universidad de Granada and Contemporary Economic Policy Funcas FINANCIAL EFFECTS OF COMMODITY PRICES Papers: The Deeds of Speed: An Agent-Based Model of Market Organizer(s): Jack W. Hou, California State University, Long Beach, Liquidity and Flash Episodes and Huazhong University of Science and Technology *Joseph Noss, Bank of England, Geir-Are Karvik, Bank of England, Chair: Willem H. Thorbecke, Research Institute of Economy, Trade, Jack Worlidge, Bank of England, and Daniel Beale, Bank of and Industry, Japan England Papers: Oil Prices and the Economy: Evidence from the Stock Market Impact of Higher Capital Buffers on Banks Lending: Evidence from *Willem H. Thorbecke, Research Institute of Economy, Trade, and the Euro Area Experiments Industry, Japan *Aurea Ponte Marques, European Central Bank, Giuseppe Frequency-Dependent Return Spillover from Crude Oil to Agricultural Cappelletti, European Central Bank, and Paolo Varraso, New York Commodities in the U.S. University *Debdatta Pal, Indian Institute of Management Lucknow, and Discussants: Aurea Ponte Marques, European Central Bank Subrata K. Mitra, Indian Institute of Management Raipur Joseph Noss, Bank of England The Effect of Commodity Prices on the Nikkei 225: Evidence from the Bayesian VAR [43] Room 461 Friday, March 22 @ 8:30:00 AM–10:15:00 AM *Suppaleuk B. Sarpphaitoon, Akita International University Volunteer Individual Discussants: Debdatta Pal, Indian Institute of Management Lucknow CHARITY, CSR, AND PUBLIC GOODS Suppaleuk B. Sarpphaitoon, Akita International University Chair: Kimberley Scharf, University of Birmingham Willem H. Thorbecke, Research Institute of Economy, Trade, and Papers: Heterogeneous Effects of Political Connection on Corporate Industry, Japan Social Responsibility: Evidence from China *Erin Pik-ki So, Hong Kong Baptist University, Vinh Dang, Nanjing [40] Room 474 Friday, March 22 @ 8:30:00 AM–10:15:00 AM University, and Isaac Otchere, Carleton University

3/23/19 (subject to change) * indicates paper presenter Page 7 An Analysis of Peer Effects on Vaccination Behavior Using a Model of Jie Pan, Sichuan University Privately Provided Public Goods *Yoko Ibuka, Keio University, Jun-ichi Itaya, Hokkaido University, [46] Room 465 Friday, March 22 @ 8:30:00 AM–10:15:00 AM and Naomi Miyazato, Nihon University Contemporary Economic Policy Conspicuous Spending and the Income Distribution of Social Groups ECONOMICS OF CHINA: TRADE AND LABOR *Andreas Chai, Griffith University Organizer(s): Jack W. Hou, California State University, Long Beach, Lift and Shift: The Effect of Fundraising Interventions in Charity Space and Huazhong University of Science and Technology and Time Chair: Shihui Ma, Huazhong University of Science and Technology *Kimberley Scharf, University of Birmingham, Sarah Smith, Papers: Skilled Labor and Successful Exporters: Evidence from China University of Bristol, and Mark Ottoni-Wilhelm, Indiana *Yi Che, Shanghai Jiao Tong University University-Purdue University Indianapolis Trade and Education Discussants: Yoko Ibuka, Keio University *Shihui Ma, Huazhong University of Science and Technology, Yue Andreas Chai, Griffith University Liu, Central University of Finance and Economics, China, and Kimberley Scharf, University of Birmingham Mohan Zhou, Central University of Finance and Economics, China Erin Pik-ki So, Hong Kong Baptist University The Impact of Children's Education on Parents' Health Change - Evidence from China Health and Retirement Longitudinal Study [44] Room 471 Friday, March 22 @ 8:30:00 AM–10:15:00 AM *Yiru Wang, Southwestern University of Finance and Economics Contemporary Economic Policy Discussants: Shihui Ma, Huazhong University of Science and ISSUES IN HEALTH ECONOMICS Technology Organizer(s): Hope Corman, Rider University Yiru Wang, Southwestern University of Finance and Economics Yi Chair: Hugh T. Rockoff, Rutgers University Che, Shanghai Jiao Tong University Papers: Fertility and Freedom: The Impact of the Fall of Communism on Birth Rates in Central And Eastern Europe [47] Room 472 Friday, March 22 @ 8:30:00 AM–10:15:00 AM *Michael A. Leeds, Temple University, and Joshua Chen, Temple Volunteer Individual University ISSUES ON LITIGATION Did the War on Terror Cause Opioid Abuse? Chair: H. Naci Mocan, Louisiana State University Baton Rouge, and W. David Bradford, University of Georgia, Athens, Resul Cesur, NBER University of Connecticut, and *Joseph J. Sabia, San Diego State Papers: Credibility of Crime Allegations University, University of New Hampshire, and IZA *Wing Suen, University of Hong Kong, and Frances Lee, Loyola Exploring Geographic Variation in Disability and Chronic Poverty in University Chicago West Virginia Overview of Damages in IP Litigation Involving Standard Essential Brad R. Humphreys, West Virginia University, and *Jane E. Patents (SEPs) Ruseski, West Virginia University *Richard Eichmann, NERA Economic Consulting Effect of Welfare Reform on Health Behavior of Teens Racial Bias and In-group Bias in Judicial Decisions: Evidence from *Hope Corman, Rider University, Dhaval M. Dave, Bentley Virtual Reality Courtrooms University, Ariel Kalil, University of Chicago, Nancy E. Reichman, *H. Naci Mocan, Louisiana State University Baton Rouge, and Rutgers University, and Ofira Schwarz-Soicher, Princeton NBER University Discussants: Richard Eichmann, NERA Economic Consulting Discussants: Jane E. Ruseski, West Virginia University H. Naci Mocan, Louisiana State University Baton Rouge, and NBER Hope Corman, Rider University Wing Suen, University of Hong Kong Joseph J. Sabia, San Diego State University, University of New Hampshire, and IZA [48] Room 473 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Michael A. Leeds, Temple University Volunteer Individual ISSUES ON FIRM STRATEGY [45] Room 466 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Chair: Michael D. Noel, Texas Tech University Contemporary Economic Policy Papers: Long-Run Market Configurations in a Dynamic Quality- ECONOMICS OF CHINA: HEALTH AND HEALTHCARE Ladder Model with Externalities Organizer(s): Jack W. Hou, California State University, Long Beach, *Mario Samano, HEC Montreal and Huazhong University of Science and Technology Supplier Switching and Outsourcing: Credit Union IT Systems Chair: Xuezheng Qin, Peking University *Yukako Ono, Keio University Papers: Association of Market Mix of Hospital Ownership with The Role of Information in Retail Gasoline Price Dispersion Medical Expense: An Empirical Analysis of 44 Representative *Michael D. Noel, Texas Tech University Diseases in Sichuan Province, China Discussants: Yukako Ono, Keio University *Jie Pan, Sichuan University Michael D. Noel, Texas Tech University Understanding and Addressing the Treatment Gap in Mental Mario Samano, HEC Montreal Healthcare: Economic Perspectives and Evidence from China *Xuezheng Qin, Peking University [49] Room 467 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Air Pollution and Health Insurance Demand in China Contemporary Economic Policy *Mengmeng Guo, Southwestern University of Finance and STUDIES IN FIRM PERFORMANCE Economics, and Youqi Qiu, Southwestern University of Finance Organizer(s): Jack W. Hou, California State University, Long Beach, and Economics and Huazhong University of Science and Technology Discussants: Xuezheng Qin, Peking University Chair: Saranjam Baig, Karakoram International University Mengmeng Guo, Southwestern University of Finance and Economics Papers: Sources of U.S. Outward FDI's Return-Generating Advantage

3/23/19 (subject to change) * indicates paper presenter Page 8 *Juann H. Hung, Xi'an Jiaotong-Liverpool University Chair: Shunsuke Managi, Kyushu University Examining the Mediating Role of Mega-Projects on Governance Papers: Inclusive Wealth: Measuring Progress Towards Sustainability taking Improvements in Tourist Inflows as a Case Study *Shunsuke Managi, Kyushu University *Saranjam Baig, Karakoram International University, and Somia Could Revealed and Stated Preference Techniques Produce Similar Zehra, Karakoram International University Outcomes for Policy Decision-Making? Routine Intensity, Innovation and Competition Wade E. Martin, California State University, Long Beach, *Clevo I. *Marina Lovchikova, University of California, Davis Wilson, Queensland University of Technology, Thamarasi Static versus Dynamic Efficiency in the Banking Sector: Evidence from Kularatne, Queensland University of Technology, and Uttam the Czech Republic and Slovakia Khanal, Queensland University of Technology *Jack W. Hou, California State University, Long Beach, and How Much Electricity is Actually Saved by the Replacement with Huazhong University of Science and Technology, and Iveta Light-Emitting Diodes (LEDs)? Paleckova, Silesian University in Opava Hiroki Onuma, Waseda University, *Shigeru Matsumoto, Aoyama Discussants: Saranjam Baig, Karakoram International University Gakuin University, and Toshi H. Arimura, Waseda University Marina Lovchikova, University of California, Davis Estimating the Opportunity Cost of Natural Farming in Japan: Spatial Jack W. Hou, California State University, Long Beach, and Huazhong Econometric Approach University of Science and Technology *Katsuya Tanaka, Shiga University Juann H. Hung, Xi'an Jiaotong-Liverpool University [53] Room 463 Friday, March 22 @ 8:30:00 AM–10:15:00 AM [50] Room 475 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Contemporary Economic Policy Volunteer Individual ECONOMICS OF CHINA: HIGH SPEED RAIL AND PRODUCTIVITY POLICY AND INSTITUTIONS Organizer(s): Jack W. Hou, California State University, Long Beach, Chair: Peter M. Ward, University of Texas at Austin and Huazhong University of Science and Technology Papers: How Big is the Income Inequality in China? Re-Estimation of Chair: Han Li, Southwestern University of Finance and Economics Gini Coefficient Based on Power Law Distribution Papers: Estimating the Network Effects of China's HSR Project on *Chengyu Yang, Beijing Normal University, and Danping Wu, Regional Economic Performance: New Data and New Evidence Beijing Normal University *Zhaohui Chong, Shantou University, and Su Pan, Guangdong The Role of Economic Institutions in Supporting Growth and University of Finance and Economics Development High Speed Rail and Firm Productivity - Evidence from China *Klaus Schmidt-Hebbel, Pontifical Catholic University of Chile *Han Li, Southwestern University of Finance and Economics, and The Political Economy of the United States in the Era of Hatred and Chao Li, Southwestern University of Finance and Economics Partisan Polarization High-Speed Rail and Inventory Reduction: Firm-Level Evidence from *Oluwole Owoye, Western Connecticut State University China Latin America's Future Public Policy Challenges: A Ten Year Time *Shao-Zhi Li, University of Macau, and Chuantao Cui, Sichuan Horizon (2025-30) University *Peter M. Ward, University of Texas at Austin, and Victoria E. Discussants: Han Li, Southwestern University of Finance and Rodriguez, University of Texas at Austin Economics Discussants: Klaus Schmidt-Hebbel, Pontifical Catholic University of Shao-Zhi Li, University of Macau Chile Zhaohui Chong, Shantou University Oluwole Owoye, Western Connecticut State University Peter M. Ward, University of Texas at Austin [54] North Hall Friday, March 22 @ 10:30:00 AM–12:00 PM Chengyu Yang, Beijing Normal University Keynote Address GOOD PENSION DESIGN [51] Room 476 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Introduction: Robert F. Engle, New York University Allied Society: AFEA Address: Peter A. Diamond, Massachusetts Institute of Technology WEALTH, AID, PARTNERSHIP AND PRODUCTIVE KNOWLEDGE IN AFRICA [55] Room 454 Friday, March 22 @ 12:45 PM–2:30 PM Organizer(s): Samuel Amponsah, Tokyo International University Volunteer Individual Chair: Rajarshi Mitra, Tokyo International University APPLIED GAME THEORY Papers: Explained Differences in Gender Wealth: Where is the Focus? Chair: Takako Fujiwara-Greve, Keio University *Forster Junior Shitsi, Marshall University, Charity Akuaku-Opoku Papers: Communication Enhancement through Information ,, and Alexander Darku, University of Lethbridge Acquisition by Uninformed Player Chinese Aid in Tanzania: What and How Much? *Yasuyuki Miyahara, Kobe University, and Hitoshi Sadakane, *Evelyn Wamboye, Pennsylvania State University, University Park Kyoto University Partnership, Innovation and Sources of Successful Inclusive Business Commitment in a Communication Game with Lying Costs *Samuel Amponsah, Tokyo International University *Woosuk Choi, Sungkyunkwan University Discussants: Richard Iles, Washington State University Pullman A Simple Theory of Redemption Behavior in Airline Frequent-Flyer Isaac Kwaku Adu, Sophia University Programs Uchechi Shirley Anaduaka, Lingnan University *Zhou Lu, Tianjin University of Commerce, Dayang Jiang, Tianjin University of Commerce, Chi-Keung Lau, University of [52] Room 477 Friday, March 22 @ 8:30:00 AM–10:15:00 AM Huddersfield, and Haiwei Li, Tianjin University of Commerce Allied Society: EAAERE Tolerance and Behavioral Diversity SUSTAINABILITY AND INCLUSIVE GROWTH *Takako Fujiwara-Greve, Keio University, and Masahiro Okuno- Organizer(s): Shunsuke Managi, Kyushu University Fujiwara, University of Tokyo

3/23/19 (subject to change) * indicates paper presenter Page 9 Discussants: Woosuk Choi, Sungkyunkwan University [59] Room 464 Friday, March 22 @ 12:45 PM–2:30 PM Zhou Lu, Tianjin University of Commerce Volunteer Individual Takako Fujiwara-Greve, Keio University SEARCH SHOCKS AND MATCHING Yasuyuki Miyahara, Kobe University Chair: Markus Gebauer, International College of Economics and Finance [56] Room 457 Friday, March 22 @ 12:45 PM–2:30 PM Papers: Labor Market Effects of Migration: Examining the Welfare of Allied Society: SABE Migrants, Receivers, and Those "Left Behind" BEHAVIORAL ECONOMICS FIELD EXPERIMENTS *Kristina A. Sargent, Middlebury College Organizer(s): Syon Bhanot, Swarthmore College Efficiency of Wage Bargaining with On-the-Job Search Chair: Erez Yoeli, MIT Sloan Applied Cooperation Team Syon Bhanot, *Xiaoming Cai, Tongji University Swarthmore College Imperfect Information, Shock Heterogeneity, and Inflation Dynamics Papers: Mobile Self-Verification and Support for Tuberculosis *Tatsushi Okuda, Bank of Japan, Tomohiro Tsuruga, Bank of Treatment Japan, and Francesco Zanetti, University of Oxford *Erez Yoeli, MIT Sloan Applied Cooperation Team Temping is Other People's Job Protection Sweating the Small Stuff: Tailor-Made Heuristics for *Markus Gebauer, International College of Economics and Microentrepreneurs Finance *Irani Arraiz, Inter-American Development Bank Discussants: Xiaoming Cai, Tongji University Reducing Unethical Claiming of Government Benefits: Evidence from Tatsushi Okuda, Bank of Japan a Field Experiment and Machine Learning Markus Gebauer, International College of Economics and Finance *Oliver Hauser, University of Exeter Business School, Michael Kristina A. Sargent, Middlebury College Greene, Deloitte Consulting, Katherine A. DeCelles, University of Toronto, Michael I. Norton, Harvard Business School, and [60] Room 467 Friday, March 22 @ 12:45 PM–2:30 PM Francesca Gino, Harvard Business School Contemporary Economic Policy ECONOMICS OF JAPAN: MONETARY POLICY, MERGERS, AND [57] Room 451 Friday, March 22 @ 12:45 PM–2:30 PM GROWTH Volunteer Individual Organizer(s): Jack W. Hou, California State University, Long Beach, POLICY EFFECT ON HOUSEHOLD CONSUMPTION and Huazhong University of Science and Technology Chair: Rebecca Taylor, University of Sydney Chair: Yuan-Ho Hsu, National Cheng Kung University, Taiwan Papers: Soda Wars: The Effect of a Soda Tax Election on University Papers: A Peek Inside the Pandora's Box: An Examination of the Beverage Sales Japanese Economy under the Unconventional Monetary Policy *Rebecca Taylor, University of Sydney, Scott Kaplan, University of *Suppaleuk B. Sarpphaitoon, Akita International University California, Berkeley, Sofia Villas-Boas, University of California, Does IFRS Adoption Accelerate Domestic M&A? The Consequences of Berkeley, and Chae Young (Kevin) Jung, University of California, Different Goodwill Accounting in Japan Berkeley *Reiko Kashiwazaki, University of Tokyo, Shun Sato, University of The Effect of Retirement on Home Production: Evidence from Tokyo, and Fumiko Takeda, University of Tokyo Australia Population Aging, Labor Productivity, Labor Supply and Economic *Kadir Atalay, University of Sydney Growth Household Debt and Financial Fragility among Malaysian Civil *Yuan-Ho Hsu, National Cheng Kung University, Taiwan Servants Discussants: Fumiko Takeda, University of Tokyo *Amien Arief Jamaluddin, University of Malaya Yuan-Ho Hsu, National Cheng Kung University, Taiwan Discussants: Kadir Atalay, University of Sydney Suppaleuk B. Sarpphaitoon, Akita International University Amien Arief Jamaluddin, University of Malaya Rebecca Taylor, University of Sydney [61] Room 465 Friday, March 22 @ 12:45 PM–2:30 PM Contemporary Economic Policy [58] Room 456 Friday, March 22 @ 12:45 PM–2:30 PM INTERNATIONAL MONEY AND FINANCE Allied Society: ESA Organizer(s): Jie Li, Central University of Finance and Economics, DYNAMICS AND CONSISTENCY OF INDIVIDUAL PREFERENCES IN China STRATEGIC AND NON-STRATEGIC DECISIONS Chair: Jie Li, Central University of Finance and Economics, China Organizer(s): Joachim Weimann, University of Magdeburg Papers: A Study of Liquidity and Default Risk on Municipal Bonds in Chair: Joachim Weimann, University of Magdeburg China Papers: Peer-Punishment in a Cooperation and a Coordination Game *Rui Li, Central University of Finance and Economics, China, and *Sebastian Kube, University of Bonn, and Felix Albrecht, Alice Y. Ouyang, Central University of Finance and Economics, University of Bonn China Risky Decision under Time Pressure and Intertemporal Stability of The Impacts of Macro-Prudential Policies on the Shadow Banking Aggregate Risk Preference Activities of Non-Financial Firms in China *Banerjee Priyodorshi, Indian Statistical Institute, and Tanmoy *Guiting Lin, Central University of Finance and Economics, China Das, Indian Statistical Institute The Effects of Macro-Prudential Policies on Bank Efficiency and The Times They are A-Changing: Dynamic Adverse Selection in the Profitability: Evidence from the Micro-Data of Chinese Banks Laboratory Xuan Liu, Central University of Finance and Economics, China, *Felipe Araujo, University of Pittsburgh, Stephanie Wang, Alice Y. Ouyang, Central University of Finance and Economics, University of Pittsburgh, and Alistair Wilson, University of China, and *Yang Pei, Central University of Finance and Pittsburgh Economics, China Asymmetric Credit Constraint

3/23/19 (subject to change) * indicates paper presenter Page 10 Jie Li, Central University of Finance and Economics, China, and Volunteer Individual *Liping Lan, Central University of Finance and Economics, China ASIAN FINANCIAL MARKETS TRADING Monetary Policy and Productivity: Evidence from 2008 China's Chair: Tatsuyoshi Miyakoshi, Hosei University Rescue Package Papers: The Use of Macroprudential Tools and Changes in Financial Jie Li, Central University of Finance and Economics, China, and Regulation in Japan since 1990s. *Tianhang Zhou, Central University of Finance and Economics, *Jagoda Anna Kaszowska, Polish Academy of Sciences China News Announcements and Price Discovery in the RMB-USD Market Discussants: Tianhang Zhou, Central University of Finance and *Yu-Lun Chen, Chung Yuan Christian University Economics, China Stock Market Openness and Market Quality: Evidence from the Liping Lan, Central University of Finance and Economics, China Shanghai-Hong Kong Stock Connect Program Jie Li, Central University of Finance and Economics, China *Ke Xu, University of Victoria, Li Xing, University of Victoria, and Rui Li, Central University of Finance and Economics, China Xuekui Zhang, University of Victoria Yang Pei, Central University of Finance and Economics, China LCY Asian Government Bond Market: Network Analysis *Tatsuyoshi Miyakoshi, Hosei University [62] Room 471 Friday, March 22 @ 12:45 PM–2:30 PM Discussants: Yu-Lun Chen, Chung Yuan Christian University Individually Organized Ke Xu, University of Victoria THE SOURCE OF MONETARY INSTABILITY I Tatsuyoshi Miyakoshi, Hosei University Organizer(s): Robert Z. Aliber, University of Chicago Jagoda Anna Kaszowska, Polish Academy of Sciences Chair: Robert Z. Aliber, University of Chicago Papers: Inflation and the Boom Bust Cycle in Currency Carry Trades [66] Room 461 Friday, March 22 @ 12:45 PM–2:30 PM *Brendan Brown, MUFG Securities Allied Society: KAEA Central Bank Swap Lines as the International Lender of Last Resort TOPICS IN EMPIRICAL BANKING AND FINANCE *Robert N. McCauley, Bank for International Settlements Organizer(s): Hyeongwoo Kim, Auburn University Chair: Dong Beom Choi, Federal Reserve Bank of New York [63] Room 452 Friday, March 22 @ 12:45 PM–2:30 PM Papers: Quantile Connectedness: Modelling Tail Behaviour in the Volunteer Individual Topology of Financial Networks ASPECTS OF TRADE LIBERALIZATION AND PROTECTIONISM *Tomohiro Ando, University of Melbourne, Matthew Greenwood- Chair: Fabio Mariani, Universite Catholique de Louvain Nimmo, University of Melbourne, and Yongcheol Shin, University Papers: When Trade Discourages Political Favoritism: Evidence from of York China Rare Disasters and Exchange Rates: An Empirical Investigation of *Xiqian Cai, Xiamen University South Korean Exchange Rates under Tension between the Two How Should the US and the EU Respond to the Rise of China? Koreas *Norvell Thomas, Claremont Graduate University *Cheolbeom Park, Korea University, and Suyeon Park, Bank of Emptying the Baby Out with the Bath: Redistribution and the Revival Korea of Protectionism Assessing the Financial Condition of State Public Pension Plans: A PLS *Fabio Mariani, Universite Catholique de Louvain Approach Discussants: Xiqian Cai, Xiamen University James R. Barth, Auburn University, Sunghoon Joo, Auburn Norvell Thomas, Claremont Graduate University University, Hyeongwoo Kim, Auburn University, Kang Bok Lee, Fabio Mariani, Universite Catholique de Louvain Auburn University, and *Ying Lin, Xi'an Jiaotong University Securitization and Screening Incentives: Evidence from Mortgage [64] Room 462 Friday, March 22 @ 12:45 PM–2:30 PM Processing Time Contemporary Economic Policy *Dong Beom Choi, Federal Reserve Bank of New York, and Jung- ECONOMICS OF CHINA: OBOR AND INDUSTRIAL SPECIALIZATION Eun Kim, Federal Reserve Bank of Richmond Organizer(s): Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology [67] Room 455 Friday, March 22 @ 12:45 PM–2:30 PM Chair: Qing He, Renmin University of China Allied Society: IBEFA Papers: Does the Belt and Road Initiatives Promote the International DIGITALIZATION, FINTECH AND START-UPS Trade Effects of the Infrastructure? A Research Based on the Six Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University Major Economic Corridors and Funcas, and Francisco Rodriguez-Fernandez, Universidad de *Zaiyong Hu, China Foreign Affairs University Granada and Funcas Herding Behavior of Chinese Firms: Outward FDI Along "One Belt Chair: Santiago Carbo-Valverde, CUNEF, Bangor University and One Road" -- Analysis on Chinese Listed Manufacturing Sector Funcas HaiYue Liu, Sichuan University, Jiang Jie, Sichuan University, and Papers: How Do Bank Customers Go Digital? A Machine Learning *Jack W. Hou, California State University, Long Beach, and Approach Huazhong University of Science and Technology *Francisco Rodriguez-Fernandez, Universidad de Granada and Risk Sharing and Industrial Specialization in China Funcas, Santiago Carbo-Valverde, CUNEF, Bangor University and Julan Du, Chinese University of Hong Kong, *Qing He, Renmin Funcas, and Pedro J. Cuadros-Solas, CUNEF and Funcas University of China, and Ce Zhang, Renmin University of China Demonetization and Digitization Discussants: HaiYue Liu, Sichuan University *Jian Zhang, Hong Kong Baptist University, Sumit Agarwal, Qing He, Renmin University of China National University of Singapore, Debarati Basu, Indian Institute Zaiyong Hu, China Foreign Affairs University of Management Bangalore, Pulak Ghosh, Indian Institute of Management Bangalore, and Bhuvanesh Pareek, Indian Institute [65] Room 474 Friday, March 22 @ 12:45 PM–2:30 PM of Management Indore

3/23/19 (subject to change) * indicates paper presenter Page 11 Does the Venture Capital Ownership Affect the Startup Performance? Financial Inclusion and Female Empowerment: Evidence from *Wako Watanabe, Economic and Social Research Institute and Honduras Keio University, and Tomoko Utsumi, Economic and Social *Ayako Matsuda, Osaka University, Keitaro Aoyagi, Japan Research Institute International Cooperation Agency, Takako Mochizuki, Kaihatsu Discussants: Sumit Agarwal, National University of Singapore Management Consulting, Inc., and Miki Uematsu, Japan Wako Watanabe, Economic and Social Research Institute and Keio International Cooperation Agency University Discussants: Jun Goto, Kobe University Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas Tien Manh Vu, Asian Growth Research Institute Ayako Matsuda, Osaka University [68] Room 453 Friday, March 22 @ 12:45 PM–2:30 PM Johannes W. Fedderke, Pennsylvania State University, University Volunteer Individual Park FISCAL POLICY AND TAXATION Chair: Evan Plous Kresch, Oberlin College [72] Room 477 Friday, March 22 @ 12:45 PM–2:30 PM Papers: Taxational Resource Curse -- Evidence from China Volunteer Individual *Shawn Xiaoguang Chen, University of Western Australia DISASTERS, BONDS, AND POLICY Incomplete Careers and Public Pension: A Generational Equilibrium Chair: Peifang Yang, China University of Petroleum Approach Papers: Natural Disasters, Salience, and Public Support for Climate *Young Jun Chun, Hanyang University Change Policy An Economic Analysis of Money Transfers: Social Security and Public *Constant I. Tra, University of Nevada, Las Vegas Infrastructure in Japan Flood Risk and Flood Insurance in New Zealand *Yoshimi Adachi, Konan University *Jacob Pastor Sr., Victoria University of Wellington The Buck Stops Where? Federalism, Uncertainty, and Investment in Should Environmental Bonds Cover the Worst-Case Scenario? the Brazilian Water and Sanitation Sector *Peifang Yang, China University of Petroleum *Evan Plous Kresch, Oberlin College Discussants: Jacob Pastor Sr., Victoria University of Wellington Discussants: Young Jun Chun, Hanyang University Peifang Yang, China University of Petroleum Yoshimi Adachi, Konan University Constant I. Tra, University of Nevada, Las Vegas Evan Plous Kresch, Oberlin College Shawn Xiaoguang Chen, University of Western Australia [73] Room 463 Friday, March 22 @ 12:45 PM–2:30 PM Contemporary Economic Policy [69] Room 475 Friday, March 22 @ 12:45 PM–2:30 PM APPLIED ECONOMICS Volunteer Individual Organizer(s): Jack W. Hou, California State University, Long Beach, HUMAN CAPITAL IN DIFFERENT REGIONS and Huazhong University of Science and Technology Chair: Javier Bronfman, Universidad Adolfo Ibanez Chair: Xianchun Liao, University of Jinan Papers: The Determination of Dual Job Holding in Taiwan: A Papers: Long-Run Dynamics of SO2 Emissions, Economic Growth and Consideration of Statutory Hours Reduction and Wage Stagnancy Energy Efficiency in China *Li-Hsuan Huang, National Central University, Taiwan *Bin Hu, Central University of Finance and Economics, China Multigenerational Persistence of Socioeconomic Status: Testing Does Public Appeal Increase Green Welfare? Evidence from China Recent Theories with Evidence from Taiwan *Xianchun Liao, University of Jinan *Hsiu-Fen Hsu, National Taipei University Teaching, Gender, and Labour Market Incentives Work Hours and Anxiety toward Karoshi Jaai Parasnis, Monash University, David Carroll, Monash *Akiko Kamesaka, Aoyama Gakuin University University, and *Massimiliano Tani, University of New South Human Capital and the Domestic Workers' Wages in Chile Wales, Canberra *Javier Bronfman, Universidad Adolfo Ibanez Digital Health in Germany: Health Apps for Corporate Health Discussants: Hsiu-Fen Hsu, National Taipei University Management Akiko Kamesaka, Aoyama Gakuin University *David Matusiewicz, FOM University, Guido Steigner, Heidelberg Javier Bronfman, Universidad Adolfo Ibanez University, Charles R. Doarn, University of Cincinnati, Michael Li-Hsuan Huang, National Central University, Taiwan Schuette, FOM University, and Christian Thielscher, FOM University [71] Room 473 Friday, March 22 @ 12:45 PM–2:30 PM Discussants: Xianchun Liao, University of Jinan Volunteer Individual Massimiliano Tani, University of New South Wales, Canberra DEVELOPMENT AND LABOR MARKETS David Matusiewicz, FOM University Chair: Ayako Matsuda, Osaka University Bin Hu, Central University of Finance and Economics, China Papers: Growth and Inequality: The South African Case in International Context - the central role of the labor market [74] Room 472 Friday, March 22 @ 12:45 PM–2:30 PM *Johannes W. Fedderke, Pennsylvania State University, University Individually Organized Park ECOLOGICAL RESOURCE ECONOMICS Incentive, Self-selection, and Social Norm in Labor Contract: A Two- Organizer(s): Kimberly M. Burnett, University of Hawaii at Manoa, stage Field Experiment in the Philippines and James A. Roumasset, University of Hawaii at Manoa Yuki Higuchi, Nagoya City University, and *Jun Goto, Kobe Chair: Kimberly M. Burnett, University of Hawaii at Manoa University Papers: Mountain-to-Sea Ecological Resource Management Temporary Migrants and Gender Housework Division among Left- *Christopher Wada, University of Hawaii at Manoa, Sittidaj Behind Members Pongkijvorasin, Chulalongkorn University, and Kimberly M. *Tien Manh Vu, Asian Growth Research Institute Burnett, University of Hawaii at Manoa

3/23/19 (subject to change) * indicates paper presenter Page 12 Joint Management of an Interconnected Coastal Aquifer and Invasive Chair: Syon Bhanot, Swarthmore College Tree Papers: Poverty Identity and Competitiveness *Sittidaj Pongkijvorasin, Chulalongkorn University, Kimberly M. *Syon Bhanot, Swarthmore College, Sachin Banker, University of Burnett, University of Hawaii at Manoa, and Christopher Wada, Utah, and Aishwarya Deshpande, Universitat Pompeu Fabra University of Hawaii at Manoa (In)Attention to the Costs of Homeownership: Evidence from the The Recreational Value of Coral Reefs in Okinawa Prefecture: A Site Residential Real Estate Market Choice Model *Leila Bengali, Yale University *Katsuhito Nohara, Hokuseigakuen University, Azusa Okagawa, The Interaction of Reputation and Competition in Markets for National Institute for Environmental Studies, Japan, Akira Hibiki, Credence Goods Tohoku University, and Hiroya Yamano, National Institute for *Marco Alexander Schwarz, University of Innsbruck, Loukas Environmental Studies, Japan Balafoutas, University of Innsbruck, Rudolf Kerschbamer, Effects of Linked Water Resource Management on Consumer Surplus University of Innsbruck, and Matthias Sutter, Max Planck Institute for Groundwater Users for Research into Collective Goods, Univ of Cologne, and Univ of *Nathan DeMaagd, University of Hawaii at Manoa, Christopher Innsbruck Wada, University of Hawaii at Manoa, and Kimberly M. Burnett, University of Hawaii at Manoa [78] Room 456 Friday, March 22 @ 2:45 PM–4:30 PM Discussants: Nori Tarui, University of Hawaii at Manoa Allied Society: ESA Ayumi Onuma, Keio University CHARITABLE DONATIONS Tetsuya Horie, Sophia University Organizer(s): C. Monica Capra, Claremont Graduate University, and Majah-Leah V. Ravago, Ateneo de Manila University and Philippine Siqi Pan, University of Melbourne Economic Society Chair: Erez Yoeli, MIT Sloan Applied Cooperation Team C. Monica Capra, Claremont Graduate University [75] Room 476 Friday, March 22 @ 12:45 PM–2:30 PM Papers: Good News, Bad News, and Giving: Impact of Recipient Volunteer Individual Characteristics CROP YIELDS AND ENVIRONMENT Lingbo Huang, Nanjing Audit University, *Philip J. Grossman, Chair: Darlington Sabasi, Beloit College Monash University, Lata Gangadharan, Monash University, Matt Papers: Climate Change Impacts on Crop Yields and their Variability Leister, Monash University, and Erte Xiao, Monash University in Assam, India Volunteer Now or Later: The Effects of Effort Time Allocation on *Raju Mandal, Assam University, and Pratiti Singha, Assam Donations University *Yuxin Su, Claremont Graduate University, C. Monica Capra, Land Expropriation, Output and Development Claremont Graduate University, and Bing Jiang, Virginia Military *Darlington Sabasi, Beloit College, and Johnson Gwatipedza, Institute University of Wyoming Ambiguity and Excuse-Diven Behavior in Charitable Giving Discussants: Raju Mandal, Assam University *Sebastien Massoni, Queensland University of Technology, Ryan Olver, University of California, Berkeley Thomas Garcia, Queensland University of Technology, and Marie- Darlington Sabasi, Beloit College Claire Villeval, Universite de Lyon Hidden Motives Behind Ineffective Altruism [76] Room 451 Friday, March 22 @ 2:45 PM–4:30 PM *Erez Yoeli, MIT Sloan Applied Cooperation Team Volunteer Individual TOPICS IN EDUCATION [79] Room 464 Friday, March 22 @ 2:45 PM–4:30 PM Chair: Andrew Monaco, University of Puget Sound Volunteer Individual Papers: A Shift in Pedagogy: Using the Methodology of Economic MONETARY POLICY AND EXPECTATIONS Modeling to Highlight Comparative Statics in the Undergraduate Chair: Denny Lie, University of Sydney Curriculum Papers: The Information Content of Inflation Swap Rates for the *Andrew Monaco, University of Puget Sound Long-Term Inflation Expectations of Professionals: Evidence from a Tax Literacy and Retirement Planning in Japan MIDAS Analysis *Keiko Iwasaki, NLI-Research Institute, Kunio Nakashima, NLI- *Dieter Nautz, Freie Universitaet Berlin, and Ahmed Hanoma, Research Institute, and Tomoki Kitamura, Tohoku Gakuin Freie Universitaet Berlin University Managing Self-Organization of Expectations through Monetary Cooperation between Universities and Information Technology and Policy: A Macro Experiment Communication (ITC) Companies in the Science Park: A case from *Domenico Massaro, Universita Cattolica del Sacro Cuore, Tiziana Madrid (Spain) Assenza, Toulouse School of Economics, Peter Heemeijer, *Leyla Angélica Sandoval Hamón Jr., Universidad Autonoma de University of Amsterdam, and Cars Hommes, University of Madrid Amsterdam Discussants: Keiko Iwasaki, NLI-Research Institute Changes in the Inflation Target and the Comovement between Leyla Angélica Sandoval Hamón Jr., Universidad Autonoma de Inflation and the Nominal Interest Rate Madrid *Denny Lie, University of Sydney Andrew Monaco, University of Puget Sound Discussants: Domenico Massaro, Universita Cattolica del Sacro Cuore [77] Room 457 Friday, March 22 @ 2:45 PM–4:30 PM Denny Lie, University of Sydney Allied Society: SABE Dieter Nautz, Freie Universitaet Berlin BEHAVIORAL ECONOMICS AND MARKETS Organizer(s): Syon Bhanot, Swarthmore College [80] Room 471 Friday, March 22 @ 2:45 PM–4:30 PM

3/23/19 (subject to change) * indicates paper presenter Page 13 Individually Organized *Sofia Priazhkina, Bank of Canada, Dilyara Salakhova, Banque de THE SOURCE OF MONETARY INSTABILITY II France, and Ben R. Craig, Federal Reserve Bank of Cleveland Organizer(s): Robert Z. Aliber, University of Chicago Discussants: Sofia Priazhkina, Bank of Canada Chair: Robert Z. Aliber, University of Chicago Santiago Carbo-Valverde, CUNEF, Bangor University and Funcas Papers: The Cause of the 1980s Surge in Real Estate and Stock Prices Giuseppe Cappelletti, European Central Bank in Japan *Kazuo Ueda, University of Tokyo [84] Room 453 Friday, March 22 @ 2:45 PM–4:30 PM Cross Border Investment Inflows, the Transfer Problem, and Market Volunteer Individual Failure EFFICIENCY AND DISTRIBUTION ISSUES IN TAXATION *Robert Z. Aliber, University of Chicago Chair: Robert Rebelein, Vassar College Papers: The Lack of income redistribution function in Japanese tax [81] Room 452 Friday, March 22 @ 2:45 PM–4:30 PM system Volunteer Individual *Shoko Sakai, Kaetsu University EXPORTS, DEMOGRAPHICS, AND RISK Optimal Mirrleesean Taxation and Human Capital Investment Chair: Paul John Mendoza Pena, De La Salle University *Been-Lon Chen, Academia Sinica Papers: Services Export and Economic Growth in ASEAN Countries The Efficiency of Australia's Value-Added Tax *Sineenat Sermcheep, Chulalongkorn University *George Verikios, KPMG Australia Export Destination, Skill Utilization and Skill Premium Revisiting Optimal Steady-State Capital Taxation in Life-Cycle *Bilal Khan, University of International Business and Economics, Economies China, and Junjie Xia, University of Southern California *Cheng Chen Yang, Academia Sinica An ASEAN Digital Single Market: Boosting the aspiration for a Single Discussants: Been-Lon Chen, Academia Sinica Market in the digital era George Verikios, KPMG Australia *Paul John Mendoza Pena, De La Salle University Cheng Chen Yang, Academia Sinica Discussants: Bilal Khan, University of International Business and Shoko Sakai, Kaetsu University Economics, China Paul John Mendoza Pena, De La Salle University [85] Room 461 Friday, March 22 @ 2:45 PM–4:30 PM Sineenat Sermcheep, Chulalongkorn University Allied Society: KAEA CURRENT ISSUES IN APPLIED ECONOMICS [82] Room 474 Friday, March 22 @ 2:45 PM–4:30 PM Organizer(s): Hyeongwoo Kim, Auburn University Volunteer Individual Chair: ByeongHwa Choi, National Taiwan University BANKING, FINANCIAL STABILITY, AND ASSET PRICING Papers: Patterns and Determinants of Intergenerational Educational Chair: Takeshi Nakata, Niigata University Mobility: Evidence Across Countries Papers: Sharing Surplus with Clients: Evidence from the Protection of *Hanol Lee, Southwestern University of Finance and Economics, Bank Proprietary Information and Jong-Wha Lee, Korea University *Zilong Zhang, City University of Hong Kong, Yupeng Lin, National Does Population Aging Affect Trade Policy Preferences? Evidence University of Singapore, and Liping Zhao, Hong Kong University of from a Survey Experiment in Japan Science and Technology *ByeongHwa Choi, National Taiwan University, and Yesola Peer-to-Peer Lending Platforms and the Stability of the Banking Kweon, Utah State University System *Eunjung Yeo, Chung-Ang University [87] Room 475 Friday, March 22 @ 2:45 PM–4:30 PM Market Discipline under Financial Contagion Volunteer Individual *Takeshi Nakata, Niigata University MOBILITY AND EDUCATION Discussants: Eunjung Yeo, Chung-Ang University Chair: Rabeh Morrar, Northumbria University Takeshi Nakata, Niigata University Papers: Can a Host Country Increase Human Capital by Accepting Zilong Zhang, City University of Hong Kong Study Migrants? *Akira Shimada, Nagasaki University [83] Room 455 Friday, March 22 @ 2:45 PM–4:30 PM Educational Attainment of Marriage Migrants' Children in South Allied Society: IBEFA Korea: The Role of Parental Income and Education RELATIONSHIP BANKING *Sae Bom Kim, Seoul National University, and Jin Hwa Jung, Seoul Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University National University and Funcas, and Francisco Rodriguez-Fernandez, Universidad de Human Capital Divergence in China Granada and Funcas Octasiano Valerio Mendoza, IQS School of Management, Chair: Sumit Agarwal, National University of Singapore Universitat Ramon Llull, *Mihaly Borsi, IQS School of Papers: Nowhere Else to Go: The Determinants of Bank-Firm Management, Universitat Ramon Llull, and Flavio Comim, IQS Relationship Discontinuations after Bank Mergers School of Management, Universitat Ramon Llull *Santiago Carbo-Valverde, CUNEF, Bangor University and Funcas, Palestinian Refugees in West Bank: Toward Integration or and Oliver Rehbein, University of Bonn Marginalization? An Examination of the Income Inequality Relational Contracts in the Housing Market *Rabeh Morrar, Northumbria University *Sumit Agarwal, National University of Singapore, Changcheng Discussants: Sae Bom Kim, Seoul National University Song, National University of Singapore, and Vincent Yao, Georgia Mihaly Borsi, IQS School of Management, Universitat Ramon Llull State University Rabeh Morrar, Northumbria University Network Formation, Bank Relationships, and Interest Rates in Akira Shimada, Nagasaki University European Interbank Market

3/23/19 (subject to change) * indicates paper presenter Page 14 [88] Room 467 Friday, March 22 @ 2:45 PM–4:30 PM Chair: Zhiyong Yao, Fudan University Contemporary Economic Policy Papers: Financial Integration: A Remedy for Climate Change? TOPICS IN LABOR ECONOMICS Giovanni Maggi, Yale University, and *Lezhen Wu, Fudan Organizer(s): Jack W. Hou, California State University, Long Beach, University and Huazhong University of Science and Technology Mergers and Merger Waves under Incomplete Information Chair: Jaime A. Meza-Cordero, IMPAQ International, LLC *Jiajia Cong, Fudan University, and Wen Zhou, Hong Kong Papers: Hyper-Selectivity, Context of Reception and the Integration University of Science and Technology of Asian Migrants in Australia and in the U.S. Buying Reputation as a Signal of Quality: Evidence from An Online *Fei Guo, Macquarie University, Van Tran, Columbia University, Marketplace and Tiffany Huang, Columbia University *Lingfang Ivy Li, Fudan University, Steven Tadelis, University of The Impact of Mass Migration on West Germans' Trust in the California, Berkeley, and Xiaolan Zhou, East China Normal Reunified Germany University *Seong Hee Kim, Seoul National University Discussants: Jiajia Cong, Fudan University Skill Mismatch and Labor Market Institutions Zhiyong Yao, Fudan University *Keiko Tamada, Fukuoka University Lezhen Wu, Fudan University Discussants: Seong Hee Kim, Seoul National University Jaime A. Meza-Cordero, IMPAQ International, LLC [92] Room 454 Friday, March 22 @ 2:45 PM–4:30 PM Fei Guo, Macquarie University Volunteer Individual DEVELOPMENT AND BEHAVIOR [89] Room 476 Friday, March 22 @ 2:45 PM–4:30 PM Chair: Hisahiro Naito, University of Tsukuba Volunteer Individual Papers: Economic Evaluation of Wind Turbines Manufacturing POLICY IMPACT AND MARKET STRUCTURE Industry in Thailand Chair: David M. Mitchell, Missouri State University Zhangxing Xu, *Papusson Chaiwat, Centre for Development Policy Studies, Nanjing Agricultural University Chulalongkorn University, Bunlung Neammanee, King Mongkut's Papers: National-Level Service Economic Center System Coordination University of Technology North Bangkok, Suksan Mechanism and Measurement Wangsathitwong, King Mongkut's University of Technology North *Zhangxing Xu, Nanjing Agricultural University, Zhang Bing, Bangkok, Thananya Wasusri, King Mongkut's University of Nanjing Agricultural University, and Hongfei Yin, Nanjing Technology Thonburi, and Jaramporn Hassamontr, King Agricultural University Mongkut's University of Technology North Bangkok Different Timing of Output Subsidy in Free-entry Mixed Oligopolies Persuasive Communications on Take-Up of a Pay Sanitation Service: *Jiaqi Chen, Chonnam National University, Sang-Ho Lee, Evidence from a Randomized Field Experiment in Indonesia Chonnam National University, and Timur Kabiljanovich Muminov, *Hide-Fumi Yokoo, National Institute for Environmental Studies, Chonnam National University Japan, and Tetsuya Harada, Japan International Cooperation Piracy and Prosecution: Understanding the RIAA's Policy Impact on Agency Music Sales of Singles Pecuniary versus Non-pecuniary Interventions to Influence Farmers' *David M. Mitchell, Missouri State University Behavior: Evidence from Field Experiment in Vietnam Discussants: Jiaqi Chen, Chonnam National University *Thu Ha Vu, Hiroshima University, Duc Anh Tran, Hiroshima David M. Mitchell, Missouri State University University, Daisaku Goto, Hiroshima University, and Keisuke Zhangxing Xu, Nanjing Agricultural University Kawata, University of Tokyo The Effect of Cash Subsidy on Recovery from Natural Disaster: [90] Room 465 Friday, March 22 @ 2:45 PM–4:30 PM Analysis using Night Lights Data in Pakistan Contemporary Economic Policy *Hisahiro Naito, University of Tsukuba ECONOMICS OF CHINA: TOPICS IN POLITICAL ECONOMICS Discussants: Hide-Fumi Yokoo, National Institute for Environmental Organizer(s): Jack W. Hou, California State University, Long Beach, Studies, Japan and Huazhong University of Science and Technology Thu Ha Vu, Hiroshima University Chair: Yi Wen, Federal Reserve Bank of St. Louis Hisahiro Naito, University of Tsukuba Papers: China's Long-Awaited Industrial Revolution - Past, Present, Papusson Chaiwat, Centre for Development Policy Studies, and Future Chulalongkorn University *Yi Wen, Federal Reserve Bank of St. Louis Corporate Donation in the Chinese-Style State Capitalism [93] Room 477 Friday, March 22 @ 2:45 PM–4:30 PM *Yan Zhang, Shanghai University of Finance and Economics Volunteer Individual Early Adversity and Migrant Entrepreneurship: Evidence from the ENVIRONMENT, ENERGY, AND HEALTH Great Chinese Famine Chair: Deng Long, California State University, Long Beach *Zhiming Cheng, University of New South Wales Papers: Technology Licensing and Environmental Policy Instruments: Discussants: Zhiming Cheng, University of New South Wales Price Control versus Quantity Control Yangguang Huang, Hong Kong University of Science and Technology *Sungwan Hong, University of Tokyo, and Seung-gyu Andrew Sim, Yi Wen, Federal Reserve Bank of St. Louis Aoyama Gakuin University Gendered Impacts of Household and Ambient Air Pollution on Child [91] Room 462 Friday, March 22 @ 2:45 PM–4:30 PM Health: Evidence from Household and Satellite-based Data in Contemporary Economic Policy Bangladesh APPLIED THEORY IN IO AND TRADE *Masamitsu Kurata, Sophia University, Akira Hibiki, Tohoku Organizer(s): Jack W. Hou, California State University, Long Beach, University, and Kazushi Takahashi, Sophia University and Huazhong University of Science and Technology

3/23/19 (subject to change) * indicates paper presenter Page 15 Energy Policies and Emissions Consequences: Results from the Discussants: Ahram Han, KDI School of Public Policy and Japanese Automobile Industry Management *Sunbin Yoo, University of Tokyo, Yoshikuni Yoshida, University of Mita Bhattacharya, Monash University Tokyo, and Naoki Wakamaori, University of Tokyo C. Matthew Shi, Chinese University of Hong Kong How Do Traffic Reduction Policies Affect Infant Health? An Qiang Li, Guangzhou University Integrated Sorting and Health Analysis *Deng Long, California State University, Long Beach, David J. [96] Room 473 Friday, March 22 @ 2:45 PM–4:30 PM Lewis, Oregon State University, and Christian Langpap, Oregon Individually Organized State University ISSUES IN HOUSE PRICE MOVEMENTS Discussants: Masamitsu Kurata, Sophia University Organizer(s): Miki Seko, Musashino University and Keio University Sunbin Yoo, University of Tokyo Chair: Timothy J. Riddiough, University of Wisconsin -- Madison Deng Long, California State University, Long Beach Papers: Does an Oligopolistic Primary Market Matter? The Case of Sungwan Hong, University of Tokyo an Asian Housing Market *Edward C. H. Tang, Hong Kong Shue Yan University, Charles Ka [94] Room 472 Friday, March 22 @ 2:45 PM–4:30 PM Yui Leung, City University of Hong Kong, and Joe C. Y. Ng, City Allied Society: PES University of Hong Kong Sponsored by Ateneo de Manila University Unit-Level Long-Run Dynamics of Housing Rents ENERGY ECONOMICS: PRICING, NUDGES, AND CONSERVATION *Masatomo Suzuki, University of Tokyo, Yasushi Asami, BEHAVIORS University of Tokyo, and Chihiro Shimizu, Nihon University and Organizer(s): Majah-Leah V. Ravago, Ateneo de Manila University Massachusetts Institute of Technology and Philippine Economic Society The Impact of Earthquake Risk on Housing Prices Before and After Chair: Majah-Leah V. Ravago, Ateneo de Manila University and the Great East Japan Earthquake Philippine Economic Society *Shohei Yasuda, Housing Research and Advancement Foundation Papers: Energy Conservation Nudges: Evidence from a Randomized of Japan, Norifumi Yukutake, Nihon University, and Michio Naoi, Residential Field Experiment in the Philippines Keio University *Majah-Leah V. Ravago, Ateneo de Manila University and Hot Money, Asset Price Responses and Economic Fundamentals: The Philippine Economic Society, Arlan Zandro I. Brucal, London Case of Emerging Markets School of Economics and Political Science, Nori Tarui, University *Joe C. Y. Ng, City University of Hong Kong, and Charles Ka Yui of Hawaii at Manoa, and Toshi H. Arimura, Waseda University Leung, City University of Hong Kong The Effect of Alternative Pricing Structures on Electricity Discussants: Norifumi Yukutake, Nihon University Consumption and Payments in the Commercial Sector Michio Naoi, Keio University *Nori Tarui, University of Hawaii at Manoa Tatsuaki Kuroda, Sugiyama Jogakuen University Monetary and Moral Incentives of Behavioral Interventions: Field Hikaru Ogawa, University of Tokyo Experimental Evidence from Hotel Guest Energy Efficiency Programs *Toshi H. Arimura, Waseda University, Yukihiko Funaki, Waseda [97] Room 454 Friday, March 22 @ 4:45 PM–6:30 PM University, Hajime Katayama, Waseda University, A. Morimoto, Volunteer Individual Kobe University, Hiroko Okajima, Towson University, and S. APPLIED THEORIES ON MARKET STRUCTURE Okajima, Osaka Keizai University Chair: Lin Hu, Xi'an Jiaotong University Discussants: Kenta Tanaka, Musashi University Papers: The Dilemma of Hardware Firms in Two-Sided Market Isamu Matsukawa, Musashi University *Hsueh-Jen Hsu, Yuan Ze University Christopher Wada, University of Hawaii at Manoa Endowments, Exclusion, and Exchange *Ivan Balbuzanov, University of Melbourne, and Maciej Kotowski, [95] Room 463 Friday, March 22 @ 2:45 PM–4:30 PM Harvard University Contemporary Economic Policy Improvement and Validation of the Regional Development Index: A ECONOMIC EFFECTS OF ENVIRONMENTAL POLLUTION Case of the Prefeasibility Studies in South Korea Organizer(s): Jack W. Hou, California State University, Long Beach, *Jongyearn Lee, KDI School of Public Policy and Management and Huazhong University of Science and Technology The Endogenous Choice of Bribe Type under Asymmetric Punishment Chair: Mita Bhattacharya, Monash University *Lin Hu, Xi'an Jiaotong University, and Mandar Oak, University of Papers: The Convergence in Consumption and Territorial CO2: Adelaide Determinants and Future Path of Global Emissions Discussants: Ivan Balbuzanov, University of Melbourne *Mita Bhattacharya, Monash University, John Inekwe, Macquarie Jongyearn Lee, KDI School of Public Policy and Management University, and Perry A. Sadorsky, York University, Toronto Lin Hu, Xi'an Jiaotong University Assessing the Effect of International Trade on CO2 Emissions from the Hsueh-Jen Hsu, Yuan Ze University GVC's Perspective *Jing Wang, Chongqing Technology and Business University [98] Room 451 Friday, March 22 @ 4:45 PM–6:30 PM Environmental Quality and Brain Drain: Cross-Country Evidence Volunteer Individual Shihe Fu, Xiamen University, *Qiang Li, Guangzhou University, EDUCATIONAL OUTCOMES and Taibi Jiang, Southwest Minzu University Chair: Jonathan G. Sandy, University of San Diego Air Pollution and Labor Supply in Korea Papers: Parents' Years of Education and their Investment behavior in *Ahram Han, KDI School of Public Policy and Management, Children: Treatment Heterogeneity Evidence from Republic of Kenya Taejong Kim, KDI School of Public Policy and Management, Gi *Ayako Wakano, Keio University Khan Ten, KDI School of Public Policy and Management, and Shun Educational Vertical Mismatch and its Penalties on Informally Wang, KDI School of Public Policy and Management Employed in Thailand

3/23/19 (subject to change) * indicates paper presenter Page 16 *Tanthaka Vivatsurakit, Chulalongkorn University Papers: Most-Favored Customer Pricing and Tacit Collusion in Male Female Performance Gaps on Standardized Math, Science, and Repeated Cournot Competition English Exams: Evidence from the NELS 84 Data *Chun-Chieh Wang, National Sun Yat-Sen University, Taiwan *Jonathan G. Sandy, University of San Diego How Does Corporate Social Responsibility Affect Product Assessment of Economic Threshold Concepts in Higher Education Differentiation *Tommy Tang, Queensland University of Technology Guangliang Ye, Renmin University of China, *Lu Xu, Renmin Discussants: Tanthaka Vivatsurakit, Chulalongkorn University University of China, and Samar K. Mukhopadhyay, University of Jonathan G. Sandy, University of San Diego Wisconsin -- Milwaukee Tommy Tang, Queensland University of Technology Privatization of a Monopoly Public Firm beyond X-Efficiency Ayako Wakano, Keio University *Shih Jye Wu, National Sun Yat-Sen University, Taiwan Quality Control through Retailing Contracts - On the Role of [99] Room 452 Friday, March 22 @ 4:45 PM–6:30 PM Agricultural Cooperative Volunteer Individual *Jianyu Yu, Southwestern University of Finance and Economics EMPIRICAL ISSUES IN MACROECONOMICS AND FINANCE Discussants: Lu Xu, Renmin University of China Chair: Robert Anderson, Newcastle University Shih Jye Wu, National Sun Yat-Sen University, Taiwan Papers: Extreme Linkages between Foreign Exchange and General Jianyu Yu, Southwestern University of Finance and Economics Financial Markets Chun-Chieh Wang, National Sun Yat-Sen University, Taiwan *Chih-Chiang Wu, Yuan Ze University Macroeconomic Forecasting using Approximate Factor Models with [102] Room 453 Friday, March 22 @ 4:45 PM–6:30 PM Outliers Volunteer Individual *Ray Y. Chou, Academia Sinica FAMILY ECONOMICS Price Discovery in Chinese Stock and Bond Markets around Chair: Steven Lugauer, University of Kentucky Macroeconomic Announcements Papers: Sibling Donation Games: Altruism and Self-Interest *Fin-Feng Gau, National Central University, Taiwan, Hao-Chang *Andrew Horowitz, University of Arkansas, Fayetteville Sung, National Chi Nan University, Taiwan, and Michelle M. Chu, Towards an Economics of Ethical Consumption National Central University, Taiwan *Pascal Stiefenhofer, University of Brighton Heterogeneity in Consumers' Learning to Forecast Inflation The Expansion of Higher Education and Household Saving in China *Robert Anderson, Newcastle University, Ralf Becker, University *Steven Lugauer, University of Kentucky of Manchester, and Denise Osborn, University of Manchester Discussants: Pascal Stiefenhofer, University of Brighton Discussants: Ray Y. Chou, Academia Sinica Steven Lugauer, University of Kentucky Fin-Feng Gau, National Central University, Taiwan Andrew Horowitz, University of Arkansas, Fayetteville Robert Anderson, Newcastle University Chih-Chiang Wu, Yuan Ze University [103] Room 457 Friday, March 22 @ 4:45 PM–6:30 PM Individually Organized [100] Room 456 Friday, March 22 @ 4:45 PM–6:30 PM PERFORMANCE ANALYSIS: THEORY AND APPLICATIONS Allied Society: ESA Organizer(s): Valentin Zelenyuk, University of Queensland SOCIAL NORMS AND IDENTITY EXPERIMENTS Chair: Valentin Zelenyuk, University of Queensland Organizer(s): C. Monica Capra, Claremont Graduate University, and Papers: Declining Labor Share and Aggregate Productivity Growth Siqi Pan, University of Melbourne *Hideyuki Mizobuchi, Ryukoku University Chair: Dorothea K. Herreiner, Loyola Marymount University Chinese Hospital Efficiency Analysis: A Metafrontier Analysis Papers: Social Norms and Competitiveness: My Willingness to *Ying Chu Ng, Hong Kong Baptist University, and Kok Fong See, Compete Depends on Who I am (Supposed to Be) Universiti Sains Malaysia *Marco Palma, Texas A&M University, College Station, Peilu Energy Efficiency and Environmental Efficiency of Japanese Zhang, Texas A&M University, College Station, and Yinjunjie Prefectures Zhang, Texas A&M University, College Station *Hirofumi Fukuyama, Fukuoka University, and Atsuo Hashimoto, Ostracism in Alliances of Teams and Individuals: Voting, Exclusion, Nagasaki Institute of Applied Science Contribution, and Earnings World Frontier Efficiency Accounting for CO2 *Silvio Staedter, University of Regensburg, Stephan Huber, *David Kai Du, University of Queensland, and Valentin Zelenyuk, University of Regensburg, and Jochem Model, University of University of Queensland Regensburg Discussants: Ying Chu Ng, Hong Kong Baptist University Multidimensional Group Identity: An Experimental Study Hideyuki Mizobuchi, Ryukoku University *Fuhai Hong, Lingnan University, Yohanes Eko Riyanto, Nanyang David Kai Du, University of Queensland Technological University, and Ruike Zhang, Nanyang Hirofumi Fukuyama, Fukuoka University Technological University Cheating and Norm Setting [104] Room 464 Friday, March 22 @ 4:45 PM–6:30 PM *Dorothea K. Herreiner, Loyola Marymount University Volunteer Individual JOBS, LENDING, AND MONETARY SYSTEMS [101] Room 467 Friday, March 22 @ 4:45 PM–6:30 PM Chair: Pawel Marszalek, Poznan University of Economics Contemporary Economic Policy Papers: No Job, No Money, No Refi: Frictions to Refinancing in a THEORY OF THE FIRM Recession Organizer(s): Jack W. Hou, California State University, Long Beach, *John Mondragon, Kellogg School of Management and Huazhong University of Science and Technology Cycles in credit lending to the private sector: What can we learn from Chair: to be announced , the data?

3/23/19 (subject to change) * indicates paper presenter Page 17 *Franziska Collingro, WHU - Otto Beisheim School of Organizer(s): Jack W. Hou, California State University, Long Beach, Management, and Michael Frenkel, WHU - Otto Beisheim School and Huazhong University of Science and Technology of Management Chair: Leonard Fong-Sheng Wang, Zhongnan University of Regulatory Capital and Internal Capital Targets: An Examination of Economics and Law the Australian Banking Industry Papers: On the Formation of Free Trade Agreements in a Four *James Richard Cummings, Macquarie University, and Kassim Country Model Durrani, Macquarie University *Xinghe Henry Wang, University of Missouri -- Columbia, and Local or Supranational? Towards New Money and New Monetary Jingang Zhao, University of Saskatchewan Systems Consumer Nationalism and Multilateral Trade Cooperation *Pawel Marszalek, Poznan University of Economics Costas Hadjiyiannis, University of Cyprus, Doruk Iris, Sogang Discussants: Franziska Collingro, WHU - Otto Beisheim School of University, and *Chrysostomos Tabakis, KDI School of Public Management Policy and Management James Richard Cummings, Macquarie University Ad-Valorem vs. Specific Tariff and Privatization in Mixed Oligopoly Pawel Marszalek, Poznan University of Economics Leonard Fong-Sheng Wang, Zhongnan University of Economics John Mondragon, Kellogg School of Management and Law, Yapo Yang, National University of Kaohsiung, and *Zhang Qidi, Zhongnan University of Economics and Law [105] Room 461 Friday, March 22 @ 4:45 PM–6:30 PM Discussants: Chrysostomos Tabakis, KDI School of Public Policy and Allied Society: KAEA Management TOPICS ON FISCAL STIMULUS Zhang Qidi, Zhongnan University of Economics and Law Organizer(s): Hyeongwoo Kim, Auburn University Xinghe Henry Wang, University of Missouri -- Columbia Chair: Sangyup Choi, Yonsei University Papers: Understanding Why Fiscal Stimulus Can Fail through the [108] Room 474 Friday, March 22 @ 4:45 PM–6:30 PM Lens of the Survey of Professional Forecasters Volunteer Individual *Hyeongwoo Kim, Auburn University, and Shuwei Zhang, Auburn INFORMATION, PAY AND MORAL HAZARD IN BANKING University Chair: Fan Yang, University of Saskatchewan Does Government Spending Crowd Out Employment in Korea? Papers: Vertical Pay Dispersion, Operational Risk in Banks, and the *Deockhyun Ryu, Chung-Ang University Moderating Role of Employee Heterogeneity International Fiscal-Financial Spillovers: The Effect of Fiscal Shocks on *Chengyuan Wang, University of Science and Technology of China Cross-Border Bank Lending Limited Attention and Negative Overnight Return Puzzle in Chinese *Sangyup Choi, Yonsei University, Davide Furceri, International Stock Markets Monetary Fund, and Chansik Yoon, Yonsei University *Fei Su, Hefei University of Technology, and Xu Feng, Tianjin University [106] Room 462 Friday, March 22 @ 4:45 PM–6:30 PM Short-Horizon Noise Traders' Sentiments and A-share Premiums in Contemporary Economic Policy China's A- and H-shares EXCHANGE RATE AND INTERNATIONAL PAYMENTS *Fan Yang, University of Saskatchewan, Jun Chen, Xi'an Jiaotong Organizer(s): Jack W. Hou, California State University, Long Beach, University, and Gaoliang Tian, Xi'an Jiaotong University and Huazhong University of Science and Technology Discussants: Fei Su, Hefei University of Technology Chair: Faridul Islam, Morgan State University Fan Yang, University of Saskatchewan Papers: Macroprudential Policies, Global Financial Cycle and Real Chengyuan Wang, University of Science and Technology of China Exchange Rate *Alice Y. Ouyang, Central University of Finance and Economics, [109] Room 455 Friday, March 22 @ 4:45 PM–6:30 PM China, and Shen Guo, Central University of Finance and Allied Society: IBEFA Economics, China BANK REGULATION Financial and Insurance Services Trade: Does Exchange Rate or Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University Income Matter? and Funcas, and Francisco Rodriguez-Fernandez, Universidad de *Ka Ming Cheng, The Hang Seng University of Hong Kong Granada and Funcas U.S. Macroeconomic Policy Evaluation in an Open Economy Context Chair: John V. Duca, Oberlin College and Federal Reserve Bank of using Wavelet Decomposed Optimal Control Methods Dallas *Patrick M. Crowley, Texas A&M University -- Corpus Christi, and Papers: The Impact of the Dodd-Frank Act on Small Business David Hudgins, Texas A&M University -- Corpus Christi *John V. Duca, Oberlin College and Federal Reserve Bank of Co-Movement among PPI-CPI-Exchange Rates in Romania: A Dallas, Michael D. Bordo, Hoover Institution, and Rebel A. Cole, Wavelet Approach Florida Atlantic University *Faridul Islam, Morgan State University, Aviral Kumar Tiwari, Do Bank Bailouts Have an Impact on the Underwriting Business Montpellier Business School, and Olivier Habimana, Jonkoping *Francisco Rodriguez-Fernandez, Universidad de Granada and University Funcas, Santiago Carbo-Valverde, CUNEF, Bangor University and Discussants: Ka Ming Cheng, The Hang Seng University of Hong Kong Funcas, and Pedro J. Cuadros-Solas, CUNEF and Funcas Patrick M. Crowley, Texas A&M University -- Corpus Christi Interstate Banking Integration and Corporate M&As and Divestitures Faridul Islam, Morgan State University in the US Alice Y. Ouyang, Central University of Finance and Economics, China *Evren Ors, HEC Paris, and Neslihan Karakaya, Deloitte Discussants: Santiago Carbo-Valverde, CUNEF, Bangor University [107] Room 465 Friday, March 22 @ 4:45 PM–6:30 PM and Funcas Contemporary Economic Policy John V. Duca, Oberlin College and Federal Reserve Bank of Dallas THEORETICAL ISSUES IN OPEN ECONOMY TRADE Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas

3/23/19 (subject to change) * indicates paper presenter Page 18 Individually Organized [110] Room 466 Friday, March 22 @ 4:45 PM–6:30 PM TOPICS IN COMPETITION BETWEEN PRIVATE AND PUBLIC FIRMS Contemporary Economic Policy Organizer(s): Joanna Poyago-Theotoky, La Trobe University AFFORDABLE CARE ACT AND HEALTHCARE REFORM Chair: Joanna Poyago-Theotoky, La Trobe University Organizer(s): Jack W. Hou, California State University, Long Beach, Papers: Implicit Protectionism via State Enterprises and Technology and Huazhong University of Science and Technology Transfer from Foreign Enterprises Chair: Pietro Tebaldi, University of Chicago *Toshihiro Matsumura, University of Tokyo, and Junichi Papers: Implementation of the Affordable Care Act: Impacts of State Haraguchi, Kanagawa University Policy Decisions on Labor Market Outcomes Timing of R&D Decisions and Output Subsidies in a Mixed Duopoly *Miaomiao Zou, Nanjing Audit University with Spillovers Effects of the 2010 Affordable Care Act's Dependent Coverage Sang-Ho Lee, Chonnam National University, *Timur Kabiljanovich Mandate on the Job Mobility and Reemployment of Young Adults Muminov, Chonnam National University, and Jiaqi Chen, *Xiangshi Liu, Southwestern University of Finance and Economics Chonnam National University The Effects of Son Preference on Parental Investment in Children Privatization in an International Mixed Oligopoly: The Role of *Tianxu Chen, University of Connecticut, and Kevin Lang, Boston Product Differentiation under Price Competition University *Marcella Scrimitore, Universita di Salerno, and Alessandra Nonparametric Estimates of Demand in the California Health Chirco, Universita di Salerno Insurance Exchange Mixed Oligopoly, Privatization and R&D Subsidization *Pietro Tebaldi, University of Chicago, Alexander Torgovitsky, *Joanna Poyago-Theotoky, La Trobe University, Maria J. Gil- University of Chicago, and Hanbin Yang, Harvard Business School Molto, University of Sheffield, Jose A. Rodrigues-Neto, Australian Discussants: Tianxu Chen, University of Connecticut National University, and Vasileios Zikos, University of the Thai Miaomiao Zou, Nanjing Audit University Chamber of Commerce Pietro Tebaldi, University of Chicago Discussants: Yoshihiro Tomaru, Chukyo University Xiangshi Liu, Southwestern University of Finance and Economics Kojun Hamada, Niigata University Joanna Poyago-Theotoky, La Trobe University [111] Room 475 Friday, March 22 @ 4:45 PM–6:30 PM Marcella Scrimitore, Universita di Salerno Volunteer Individual REGULATION, UNION, AND REGIONAL ANALYSIS [114] Room 463 Friday, March 22 @ 4:45 PM–6:30 PM Chair: Jonathan Willner, Oklahoma City University Contemporary Economic Policy Papers: Masters and Slaves - A Matching Approach with TOPICS IN DIGITAL ECONOMY Heterogeneous Workers Organizer(s): Yangguang Huang, Hong Kong University of Science *Bianca Willert, University of Rostock and Technology Regulatory Takings and Measuring Losses Chair: to be announced , *Iljoong Kim, Sungkyunkwan University Papers: Technology Adoption in Input-Output Networks Union, International Trade and Unemployment Xintong Han, Concordia University, and *Lei Xu, Toulouse School *Li-Wen Hung, Academia Sinica, and *Shin-Kun Peng, Academia of Economics Sinica Broadband Internet and State Controlled Media: The Case of Take Me Out to the Ball Game: For the Wins, Stars or PEDS? Television Markets in China *Jonathan Willner, Oklahoma City University *C. Matthew Shi, Chinese University of Hong Kong Discussants: Iljoong Kim, Sungkyunkwan University Proportional and Per-Unit Fees by Payment Card Networks: Incentive Li-Wen Hung, Academia Sinica and Welfare Jonathan Willner, Oklahoma City University *Dingwei Gu, Hong Kong University of Science and Technology, Bianca Willert, University of Rostock Zhiyong Yao, Fudan University, and Wen Zhou, Hong Kong University of Science and Technology [112] Room 476 Friday, March 22 @ 4:45 PM–6:30 PM A Model of Sales on Online Platforms Volunteer Individual *Yangguang Huang, Hong Kong University of Science and PATENT, R&D, AND QUALITY Technology Chair: Andrew Monaco, University of Puget Sound Discussants: Dingwei Gu, Hong Kong University of Science and Papers: Patent Scope, Invention and Patent Quality in Taiwan's Technology Electronics Industry Xintong Han, Concordia University *Chia Hui Huang, Aletheia University, and Tony Chieh-Tse Hou, Jing Wang, Chongqing Technology and Business University National Dong Hwa University, Taiwan Yan Zhang, Shanghai University of Finance and Economics Financial Structure and Oligopoly: The R&D Effect *Yang Victor Song, Simon Fraser University, and James A. [115] Room 472 Friday, March 22 @ 4:45 PM–6:30 PM Brander, University of British Columbia Volunteer Individual Amazon and Facebook in the classroom: how to teach the theory of INNOVATION AND TECHNOLOGICAL CHANGE the firm as a multisided platform Chair: Robert F Kane, International University of Japan *Andrew Monaco, University of Puget Sound Papers: Culture, Intellectual Property Rights, and Technology Discussants: Yang Victor Song, Simon Fraser University Adoption Andrew Monaco, University of Puget Sound James B. Ang, Nanyang Technological University, Per G. Chia Hui Huang, Aletheia University Fredriksson, University of Louisville, and *Dinithi Nilanga Jayasekara, Nanyang Technological University [113] Room 471 Friday, March 22 @ 4:45 PM–6:30 PM

3/23/19 (subject to change) * indicates paper presenter Page 19 Social Capital and Innovation - Evidence from High-Performing East Asian Economies [118] Room 461 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM *Seo Young Cho, Philipps-University Marburg Volunteer Individual Industrial Robots, Employment Growth, and Labor Cost: A MONETARY POLICY AND FINANCIAL MARKETS Simultaneous Equation Model Analysis Chair: Sophia Paul Dimelis, Athens University of Economics and Jin Hwa Jung, Seoul National University, and *Dong-Geon Lim, Business Seoul National University Papers: The Asymmetric Relationship between Stock and Exchange "Overeducation" and Directed Technical Change Rate Markets: How Important is the Interaction between Dynamic *Robert F Kane, International University of Japan Structure and Dynamics Intensity? Discussants: Seo Young Cho, Philipps-University Marburg *Kuang-Liang Chang, National Chiayi University, Taiwan, and Chi- Jin Hwa Jung, Seoul National University Wei He, Tsinghua University Robert F Kane, International University of Japan Empirical Analysis on the Effects of Japanese Fiscal Policy under the Dinithi Nilanga Jayasekara, Nanyang Technological University Effective Lower Bound *Hiroshi Morita, Hosei University [116] Room 477 Friday, March 22 @ 4:45 PM–6:30 PM How Does Unconventional Monetary Policy Affect the Global Individually Organized Financial Markets?: Evaluating Policy Effects by Global VAR Models NATURAL RESOURCE SUSTAINABILITY Tatsuyoshi Okimoto, Australian National University, and *Tomoo Organizer(s): Huey-Lin Lee, National Chengchi University, Taiwan Inoue, Seikei University Chair: Huey-Lin Lee, National Chengchi University, Taiwan The Greek Crisis: A Story of Self-Reinforcing Feedback Mechanisms Papers: Global Warming and its Impact on the Agricultural Sector *Sophia Paul Dimelis, Athens University of Economics and *Akira Hibiki, Tohoku University, Huey-Lin Lee, National Chengchi Business, and Katarina Juselius, University of Copenhagen University, Taiwan, and Yasuaki Hijioka, National Institute for Discussants: Hiroshi Morita, Hosei University Environmental Studies, Japan Tomoo Inoue, Seikei University Empirical Study on the Impact on Mortality in China Sophia Paul Dimelis, Athens University of Economics and Business *Lin Ding, Tohoku University, and Akira Hibiki, Tohoku University Kuang-Liang Chang, National Chiayi University, Taiwan The Local Economic Effects of Natural Resources: Evidence from Ghana [119] Room 456 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM *Nori Tarui, University of Hawaii at Manoa, Josephine Ofori Allied Society: ESA Adofo, University of Hawaii at Manoa, and Tomomi Tanaka, INFORMATION, NETWORKS, AND NORMS World Bank Organizer(s): C. Monica Capra, Claremont Graduate University, and Bracing National Food Security and Land Resource Sustainability for Siqi Pan, University of Melbourne Global Change: The Case of Taiwan in a Tele-Coupled Global Chair: Svetlana Pevnitskaya, Florida State University Economic and Land System Papers: Information Aggregation in Social Networks *Huey-Lin Lee, National Chengchi University, Taiwan, and Hsiao- *Svetlana Pevnitskaya, Florida State University, and Christopher Lan Liu, National Chengchi University, Taiwan Brown, Florida State University Discussants: Nori Tarui, University of Hawaii at Manoa Fairness Norms of the Weak and the Strong Huey-Lin Lee, National Chengchi University, Taiwan Martin Fochmann, University of Cologne, Anna-Lena Sachs, Akira Hibiki, Tohoku University University of Cologne, and *Joachim Weimann, University of Lin Ding, Tohoku University Magdeburg

[117] Room 473 Friday, March 22 @ 4:45 PM–6:30 PM [120] Room 454 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Individually Organized Volunteer Individual ISSUES IN POPULATION AGING AND HOUSING MARKET MARKET STRUCTURE AND TAXATION Organizer(s): Miki Seko, Musashino University and Keio University Chair: Sebastian G. Kessing, University of Siegen Chair: Miki Seko, Musashino University and Keio University Papers: On the Relationship between Privatization and Corporate Papers: Dynamic Housing Choices in the Presence of Bequest Taxation Policies Motives: Estimation and Policy *Yi Liu, Hunan University, Toshihiro Matsumura, University of Miki Seko, Musashino University and Keio University, *Kazuto Tokyo, and Chenhang Zeng, Zhongnan University of Economics Sumita, Toyo University, and Jiro Yoshida, Pennsylvania State and Law University, University Park Passive Vertical Integration and Upstream Collusion How Inheritance Affects the Real Estate Market in an Aging *Chenhang Zeng, Zhongnan University of Economics and Law, Economy: Evidence from Transaction and Registry Data and Jianxia Yang, East China University of Science and Technology *Takeshi Mizuta, Hitotsubashi University, Chihiro Shimizu, Nihon Multimarket Contact and Platform Competition: Reassessing the University and Massachusetts Institute of Technology, and Iichiro Mutual Forbearance Hypothesis Uesugi, Ministry of Economy, Trade & Industry, Japan *Thomas Le Texier, Universite de Rennes 1, Eric Darmon, The Effect of Housing Inheritance on Heirs' Tenure Choice and Universite de Rennes 1, Zhiwen Li, Jiangsu University, and Thierry Household Wealth Accumulation in Japan Penard, Universite de Rennes 1 *Takuya Ishino, Kanazawa Seiryo University, Miki Seko, Optimal Taxation under Regional Inequality Musashino University and Keio University, Kazuto Sumita, Toyo *Sebastian G. Kessing, University of Siegen University, and Michio Naoi, Keio University Discussants: Chenhang Zeng, Zhongnan University of Economics and Discussants: Tsunao Okumura, Yokohama National University Law Yasushi Asami, University of Tokyo Thomas Le Texier, Universite de Rennes 1 Shinichiro Iwata, Toyama University Sebastian G. Kessing, University of Siegen

3/23/19 (subject to change) * indicates paper presenter Page 20 Yi Liu, Hunan University Emmanuel Lartey, California State University, Fullerton Yeon Joon Kim, Kyungsung University [121] Room 457 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Tat-kei Lai, IESEG School of Management Allied Society: SABE PREFERENCES, NORMS, AND INFORMATION [125] Room 453 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Organizer(s): Morris Altman, University of Newcastle, and Shinji Volunteer Individual Teraji, Yamaguchi University GLOBAL FINANCIAL MARKETS AND THE BUSINESS CYCLE Chair: Shinji Teraji, Yamaguchi University Chair: Jongmoo Jay Choi, Temple University Papers: Tell Me What I Wanted to Hear: Confirmation Effect in Lay Papers: The Real Impact of Ratings-based Capital Rules on the Evaluations of Financial Expert Authority Finance-Growth Nexus *Tomasz Zaleskiewicz, SWPS Uniwersytet, and Agata Iftekhar Hasan, Fordham University, Gazi Hassan, University of Gasiorowska, SWPS Uniwersytet Waikato, *Suk-Joong Kim, University of Sydney, and Eliza Wu, The sexy heuristic in a world of asymmetric information why sexy University of Sydney yields social inefficiency. An Example of the health and fitness Unemployment, Consumption Insurance, and Stock Market Returns industry. An behavioural economic perspective *Marc Nückles, University of Duisburg-Essen *Hannah Altman, Queensland University of Technology, Benno Shock and Interconnection between the Financial Markets and the Torgler, Queensland University of Technology, and Rob Robergs, Bitcoin Prices Queensland University of Technology *Eric Le Fur, INSEEC School of Business and Economics Internal Moral Constraints, Norms, and Social Sustainability Cryptocurrency Liberalization, Financial Openness, and Institutions *Shinji Teraji, Yamaguchi University *Jacinta Bernadette Rico Shirakawa, Waseda University, and Trusting Nudges? Lessons from an International Survey Upalat Korwatanasakul, ASEAN-Japan Centre *Lucia Reisch, Copenhagen Business School, Cass R. Sunstein, Discussants: Marc Nückles ckles, University of Duisburg-Essen Harvard Law School, and Micha Kaiser, University of Hohenheim Eric Le Fur, INSEEC School of Business and Economics Jacinta Bernadette Rico Shirakawa, Waseda University [122] Room 464 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Suk-Joong Kim, University of Sydney Volunteer Individual HOUSEHOLD FINANCE, HOUSING, AND CONSUMPTION [126] Room 466 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Chair: Jennifer Lai, Guangdong University of Foreign Studies Huan Li, Contemporary Economic Policy Hitotsubashi University APPLIED ECONOMICS: MEASUREMENT ISSUES Papers: Digital Financial Inclusion and Consumption Smoothing in Organizer(s): Jack W. Hou, California State University, Long Beach, China and Huazhong University of Science and Technology *Jennifer Lai, Guangdong University of Foreign Studies, and Kit Chair: Tsun-Feng Chiang, Henan University Ming Isabel Yan, City University of Hong Kong Papers: Measurements of Financial Knowledge and Applications The Effects of Housing Prices on Household Consumption in Korea: *Tsun-Feng Chiang, Henan University Heterogeneous Behaviors Based upon Home Ownership Government R&D Subsidies, R&D Spillover Degree, and Private R&D *Jong Chil Son, Hankuk University of Foreign Studies, and Hail Investment Park, Kyung Hee University *Yang Zou, Nankai University, China, Hongtu Deng, Guangzhou Durable Consumption Risk, Stock Market Return and the Japanese University, and Qingbin Wang, University of Vermont Business Cycle Corruption Takes Away Happiness: Evidence from a Cross-National *Huan Li, Hitotsubashi University Study Discussants: Jong Chil Son, Hankuk University of Foreign Studies Tan Chen, Guangzhou University, *Qiang Li, Guangzhou Huan Li, Hitotsubashi University University, and Lian An, University of North Florida Jennifer Lai, Guangdong University of Foreign Studies Discussants: Yang Zou, Nankai University, China Qiang Li, Guangzhou University [123] Room 451 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Tsun-Feng Chiang, Henan University Volunteer Individual INTERNATIONAL TRADE AND FACTORS OF PRODUCTION [127] Room 455 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Chair: Yeon Joon Kim, Kyungsung University Allied Society: IBEFA Papers: Import Competition and Workplace Safety in U.S. CREDIT MARKETS Manufacturing Industries Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University *Tat-kei Lai, IESEG School of Management, Ka Ho Travis Ng, and Funcas, and Francisco Rodriguez-Fernandez, Universidad de Chinese University of Hong Kong, and Yi Lu, National University of Granada and Funcas Singapore Chair: Hirofumi Uchida, Kobe University Welfare and Equity Impacts of Cross-Border Factor Mobility in Papers: The Effects of Competition in Consumer Credit Markets Bangladesh: A General Equilibrium Analysis *Edison Yu, Federal Reserve Bank of Philadelphia, Stefan Gissler, *Sharif Mosharraf Hossain, GRIPS, and Nobuhiro Hosoe, GRIPS Federal Reserve Board of Governors, and Rodney Ramcharan, Remittances and Manufacturing Sector Growth in Sub-Saharan University of Southern California Africa Differences in the Usage of Credit Guarantee Across Banks *Emmanuel Lartey, California State University, Fullerton *Xiuwei Tang, Northeast Electric Power University and Kobe A Research on the Industrial Pollution and the Factor Content of University, and Hirofumi Uchida, Kobe University Trade Model Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy *Yeon Joon Kim, Kyungsung University Transmission Discussants: Sharif Mosharraf Hossain, GRIPS

3/23/19 (subject to change) * indicates paper presenter Page 21 *Sumit Agarwal, National University of Singapore, Yongheng Estimating the Demand and Consumer Surplus in Online Shopping Deng, National University of Singapore, Quanlin Gu, Peking Malls: The Case of Naver Shopping University, Jia He, Nankai University, China, Wenlan Qian, *Soo Jeong Lee, Sungkyunkwan University National University of Singapore, and Yuan Ren, National Discussants: Minsoo Park, Sungkyunkwan University University of Singapore Jaesung Choi, Sungkyunkwan University Discussants: Hirofumi Uchida, Kobe University Jinhyung Lee, Sungkyunkwan University Edison Yu, Federal Reserve Bank of Philadelphia Xiuwei Tang, Northeast Electric Power University and Kobe [131] Room 462 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM University Volunteer Individual DEVELOPMENT AND AGRICULTURAL PRODUCTIVITY ISSUES [128] Room 452 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Chair: Johannes W. Fedderke, Pennsylvania State University, Volunteer Individual University Park RISK, HEALTH, AND EDUCATION Papers: TFP Declines: Misallocation or Mismeasurement? Chair: Jonas Fooken, University of Queensland *Tuo Chen, Tsinghua University Papers: The Persistent Effects of Previous Exposure to Free Health Staple Products, Linkages and Development: Evidence from Insurance at Young Age Argentine History *Khoa Ho Anh Nguyen, Victoria University of Wellington *Federico Droller, Universidad de Santiago de Chile, and Martin Long-lasting Effects of Relative Age at School Fiszbein, Boston University Lionel Page, Queensland University of Technology, Dipanwita The Farther You Live from Your Farm, the More You Lose? The Effect Sarkar, Queensland University of Technology, and *Juliana Silva- of the Proximity of an Agricultural Plot to a Residence/road on Pre- Goncalves, University of Sydney harvest Losses Risk-type selection in the Australian private health insurance market *Dojin Park, University of Minnesota Twin Cities *Jonas Fooken, University of Queensland Diagnosing Deep Roots of Development: Genetic, Disease, and Discussants: Juliana Silva-Goncalves, University of Sydney Environmental Factors Jonas Fooken, University of Queensland *Johannes W. Fedderke, Pennsylvania State University, University Khoa Ho Anh Nguyen, Victoria University of Wellington Park Discussants: Federico Droller, Universidad de Santiago de Chile [129] Room 474 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Dojin Park, University of Minnesota Twin Cities Volunteer Individual Johannes W. Fedderke, Pennsylvania State University, University DEMOGRAPHICS AND LABOR MARKET Park Chair: Evangelos Dioikitopoulos, King's College London Tuo Chen, Tsinghua University Papers: The Labor Market Integration of Rohingya Construction Workers in Peninsular Malaysia [132] Room 471 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM *Melati Nungsari, Massachusetts Institute of Technology, and Allied Society: FICA Sam Flanders, Asia School of Business ISSUES IN BLOCKCHAIN AND CRYPTOCURRENCY INDUSTRIES A Lifetime of Learning and Earning: The Search for a Unified Model Organizer(s): John Junggun Oh, Konkuk University of Human Capital in the 21st-Century Industry Chair: John Junggun Oh, Konkuk University *Paul John Mendoza Pena, De La Salle University Papers: Cryptocurrencies: Theory and Empirics Demographic Change and Climate Change *Taehyung Ha, Suwon University, and Byung Hwa Lim, University *Michael Rauscher, University of Rostock of Suwon The Elimination of Common Rights and Comparative Economic Optimal Mechanism of Generalized Blockchain Economy Development in a Malthusian World *Soohyuk Choi, SymVerse Inc and Korea University *Evangelos Dioikitopoulos, King's College London, Vicky Fouka, New Probability Analysis Shows that Sub 51% Attacks are Profitable! Stanford University, and Ken Tabata, Kwansei Gakuin University *Jaehyuk Jang, Gwangju Institute of Science and Technology, and Discussants: Paul John Mendoza Pena, De La Salle University Heung-No Lee, Gwangju Institute of Science and Technology Michael Rauscher, University of Rostock Discussants: Yangwoo Kim, University of Suwon Evangelos Dioikitopoulos, King's College London Youngwhan "Nick" Lee, DeLight Chain Inc. Melati Nungsari, Massachusetts Institute of Technology Soohyuk Choi, SymVerse Inc and Korea University

[130] Room 465 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM [133] Room 472 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Individually Organized Volunteer Individual ISSUES IN EMPIRICAL INDUSTRIAL ORGANIZATION POLITICAL SYSTEMS AND DEVELOPMENT Organizer(s): Minsoo Park, Sungkyunkwan University Chair: Martin C. Spechler, Indiana University Bloomington Chair: Minsoo Park, Sungkyunkwan University Papers: Does the Upgrading of High-Tech Zones Improve the Papers: Observational Learning in the Music Industry: The Effects of Innovation Efficiency of Urban in China? An Empirical Analysis Based Top 200 Chart on Digital Music Consumption on PSM-DID Method *Jungmin Kim, Sungkyunkwan University *Qiong Wang, Hefei University of Technology Measuring the Impact of Non-Clinical Quality on Hospital Demand Does Foreign Investment Benefit the Exporting Activities of Local *Hyeon Jae Kim, Sungkyunkwan University Firms in Developing Countries? The Effect of the Information in Auctions: Empirical Evidences from *Van Thi Cam Ha, University of Waikato, Mark J. Holmes, Online Art Auctions University of Waikato, and Gazi Hassan, University of Waikato *Eun Mi Lee, Sungkyunkwan University, and Hyunchul Kim, State Capture in Post-Socialist Countries: A Case of State-Owned Sungkyunkwan University Enterprises in Poland

3/23/19 (subject to change) * indicates paper presenter Page 22 *Katarzyna Szarzec, Poznan University of Economics, Dawid Chair: Hung-Hao Chang, National Taiwan University Piatek, Poznan University of Economics, and Bartosz Totleben, Papers: Housing Demand in High-Return/High-Volatility Poznan University of Economics Environments The Long-Run Weakness of the Russian Federation Felix Kubler, University of Zurich, Xuezheng Qin, Peking *Martin C. Spechler, Indiana University Bloomington University, and *Yilong Zhang, Peking University Discussants: Van Thi Cam Ha, University of Waikato Does Room Sharing Economy Affect House Rental and Sales Prices? Katarzyna Szarzec, Poznan University of Economics Empirical Evidence of Airbnb in Taiwan Martin C. Spechler, Indiana University Bloomington *Hung-Hao Chang, National Taiwan University Qiong Wang, Hefei University of Technology Effective Method for Supporting Elderly Survivors after the Great East Japan Earthquake [134] Room 473 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM *Saki Sugano, Daito Bunka University Volunteer Individual Discussants: Hung-Hao Chang, National Taiwan University LABELS AND ENVIRONMENTAL REGULATION Saki Sugano, Daito Bunka University Chair: Yi Li, Zhongnan University of Economics and Law Yilong Zhang, Peking University Papers: Abolishing Environmental Regulation: Strategic Effects and Welfare Implications [137] South Hall Saturday, March 23 @ 10:30:00 AM–12:00 PM *Ana Espinola-Arredondo, Washington State University Pullman, Keynote Address and Felix Munoz-Garcia, Washington State University Pullman A FINANCIAL APPROACH TO CLIMATE RISK Signaling under Bilateral Uncertainty: The Case of Green Labels Introduction: John B. Shoven, Stanford University *Dolores Garrido, Washington State University Pullman, Ana Address: Robert F. Engle, New York University Espinola-Arredondo, Washington State University Pullman, and Felix Munoz-Garcia, Washington State University Pullman [138] Room 461 Saturday, March 23 @ 12:45 PM–2:30 PM Competing Eco-Labels and Product Market Competition Volunteer Individual *Yi Li, Zhongnan University of Economics and Law ECONOMETRIC THEORY Discussants: LiHsien Hank Chien, National Chung Hsing University, Chair: Rusty Tchernis, Georgia State University Taiwan Papers: A Unified Framework for Efficient Estimation of General Yi Li, Zhongnan University of Economics and Law Treatment Models Ana Espinola-Arredondo, Washington State University Pullman *Zheng Zhang, Renmin University of China Block Bootstrapping for a Change Detection Test for Correlation [134.5] Room 476 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM Change Individually Organized *Ji Eun Choi, Ewha Womans University, and Dong Wan Shin, EXPLORING SUSTAINABLE DEVELOPMENT: A MULTIDISCIPLINARY Ewha Womans University APPROACH Estimation and Inference for Large Panel Copula Models Organizer(s): Yee Keong Choy, Keio University *Dong Hwan Oh, Federal Reserve Board of Governors, Andrew Chair: Yee Keong Choy, Keio University Patton, Duke University, and Cavit Pakel, Bilkent University Papers: Pro-Environmental and Other Altruistic Attitudes in On the Estimation of Treatment Effects with Endogenous Malaysia: Effects of Worldviews Misreporting *Masao Ogaki, Keio University, Ayumi Onuma, Keio University, *Rusty Tchernis, Georgia State University Yee Keong Choy, Keio University, and Naoko Okuyama, Osaka Discussants: Ji Eun Choi, Ewha Womans University Gakuin University Dong Hwan Oh, Federal Reserve Board of Governors Consequentialism, Deontology, Wealth Accounting and Sustainability Rusty Tchernis, Georgia State University Assessment Zheng Zhang, Renmin University of China *Rintaro Yamaguchi, National Institute for Environmental Studies, Japan [139] Room 457 Saturday, March 23 @ 12:45 PM–2:30 PM Do Resource Depletion Experiences Affect Fisherman's Preference? Allied Society: SABE Analysis Using Field Experimental Data on Fishers in the Philippines POWER, NORMS, TRUST, AND EFFICIENCY and Indonesia Organizer(s): Morris Altman, University of Newcastle, and Shinji *Kenta Tanaka, Musashi University, Keisaku Higashida, Kwansei Teraji, Yamaguchi University Gakuin University, Arvin Vista, University of the Philippines Los Chair: Tomasz Zaleskiewicz, SWPS Uniwersytet Banos, Anton Setyo Nugroho, Ministry of Maritime Affairs, Papers: Economic Aspects of Omnipotence Republic of Indonesia, and Budi Muhanmad Ruslan, Ministry of *Francisco Carlos Ribeiro, Fatec Sorocaba Marine Affairs and Fisheries, Republic of Indonesia The Divergent Effects of Money Priming on Interpersonal Trust Discussants: Rintaro Yamaguchi, National Institute for Tomasz Zaleskiewicz, SWPS Uniwersytet, *Agata Gasiorowska, Environmental Studies, Japan SWPS Uniwersytet, Anna O. Kuzminska, University of Warsaw, Masao Ogaki, Keio University and Kathleen D. Vohs, University of Minnesota Twin Cities Rintaro Yamaguchi, National Institute for Environmental Studies, Modelling the Impact of Managerial Quality on Technical Efficiency Japan Productivity Puzzle: New Empirical Evidence from New Zealand Longitudinal Microdata [136] Room 463 Saturday, March 23 @ 8:30:00 AM–10:15:00 AM *Sodany Tong, University of Newcastle, Morris Altman, University Contemporary Economic Policy of Newcastle, and Frank W. Agbola, University of Newcastle ECONOMICS OF HOUSING AND REAL ESTATE Shut Down Point, Plant Closure, When Psychology and Social Context Organizer(s): Jack W. Hou, California State University, Long Beach, Matter and Huazhong University of Science and Technology *Morris Altman, University of Newcastle

3/23/19 (subject to change) * indicates paper presenter Page 23 Hiroshi Ohta, Aoyama Gakuin University, and *Katsuhiko Akiba, [140] Room 454 Saturday, March 23 @ 12:45 PM–2:30 PM Toyo University Volunteer Individual Discussants: Liviu Florea, Washburn University COLLECTIVE DECISION MAKING Xueyun Zeng, Beijing University of Posts and Telecommunications Chair: Emilio Depetris-Chauvin, Pontifical Catholic University of Chile Hiroshi Ohta, Aoyama Gakuin University Papers: Political Economy of Immigration Policy and Justification Pawel Mlodkowski, Miyazaki International College Costs *Louis Jaeck, United Arab Emirates University [143] Room 471 Saturday, March 23 @ 12:45 PM–2:30 PM Party Cues, Political Trends, and Fiscal Interactions in the United Allied Society: TAIOS States INPUT-OUTPUT STUDIES AND TRADE *Casto Martin Montero Kuscevic, American University of Beirut, Organizer(s): Shih-Hsun Hsu, National Taiwan University and J. Sebastian Leguizamon, Western Kentucky University Chair: Yun-Peng Chu, Soochow University Ching-Cheng Chang, An Evaluation of the Impact of Peace-Building Initiatives on Socio- Academia Sinica and National Taiwan University Economic Conditions in Conflict Affected Areas in Mindanao Papers: Assessing the Rise of China's Domestic Supply Chain: A *Marites Tiongco, De La Salle University and Philippine Economic Macroeconomic Structural Decomposition Approach Society, Reynaldo A. Bautista Jr., De La Salle University, and Ma Yun-Peng Chu, Soochow University, and *Yi-Pey Ou, National Ella Oplas, De La Salle University Central University, Taiwan Borderline Disorder: (De facto) Historical Ethnic Borders and Economic Impacts of U.S.-China Possible Trade Wars on Taiwan: A Contemporary Conflict in Africa Computable General Equilibrium Analysis *Emilio Depetris-Chauvin, Pontifical Catholic University of Chile *Sheng Ming Hsu, National Chung Hsing University, Taiwan, Discussants: Casto Martin Montero Kuscevic, American University of Hsing-Chun Lin, National Chiayi University, Taiwan, Ruey-Wan Beirut Liou, Ministry of Transportation, Taiwan, and Shih-Hsun Hsu, Marites Tiongco, De La Salle University and Philippine Economic National Taiwan University Society The Importance of Petrochemical and Electronic Industries to Emilio Depetris-Chauvin, Pontifical Catholic University of Chile Taiwan's Economy Using Hypothetical Extractions of Input-Output Louis Jaeck, United Arab Emirates University Accounts *Jhih-Hong Zeng, Academia Sinica, Hsing-Chun Lin, National [141] Room 456 Saturday, March 23 @ 12:45 PM–2:30 PM Chiayi University, Taiwan, Ruey-Wan Liou, Ministry of Allied Society: ESA Transportation, Taiwan, and Ching-Cheng Chang, Academia Sinica DECISION RULES AND RATIONALITY and National Taiwan University Organizer(s): C. Monica Capra, Claremont Graduate University, and Evaluating the Value-Added and Linkage Effects of Taiwan's Agro- Siqi Pan, University of Melbourne Food Chain Chair: Guy Mayraz, University of Melbourne *Wen-Hung Huang, National Taiwan University, Sheng Ming Hsu, Papers: The Role of Overconfidence? Evidence on Ambiguity National Chung Hsing University, Taiwan, Hsing-Chun Lin, Attitudes Toward Chance and Performance National Chiayi University, Taiwan, and Ching-Cheng Chang, *Anisa Shyti, New York University Abu Dhabi, Corina Paraschiv, Academia Sinica and National Taiwan University University of Paris Descartes, and Institut Universitaire de France, Discussants: Hsing-Chun Lin, National Chiayi University, Taiwan and Thomas Astebro, HEC Paris School of Management Yun-Peng Chu, Soochow University Risk and Rationality: The Relative Importance of Probability Shih-Hsun Hsu, National Taiwan University Weighting and Choice Set Dependence Masaru Kagatsume, Kyoto University *Maha Manai, University of Lausanne, Adrian Bruhin, University of Lausanne, and Luis Pedro Santos Pinto, University of Lausanne [144] Room 465 Saturday, March 23 @ 12:45 PM–2:30 PM Modes of Rationality: Act versus Rule-Based Decisions Contemporary Economic Policy *Guy Mayraz, University of Melbourne, and Yoram Halevy, MONETARY POLICY, TRADE, AND FINANCIAL CYCLES: EAST ASIA University of Toronto Organizer(s): Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology [142] Room 452 Saturday, March 23 @ 12:45 PM–2:30 PM Chair: Nan-Ting Chou, University of Louisville Individually Organized Papers: Trade Credit and Monetary Policy: Evidence from China TRANSACTIONS COSTS, SUNK COSTS, AND ECONOMIC POWER *Nan-Ting Chou, University of Louisville Organizer(s): Pawel Mlodkowski, Miyazaki International College Financial Cycles' Synergic Spillovers among East Asian Countries Chair: Pawel Mlodkowski, Miyazaki International College Jiang Ying, Sichuan University, and *Xiaorong Du, Sichuan Papers: Variable Multi-targets and Transferable Sunk Cost University Hypothesis: An Analysis of "Sunk Cost Fallacy" Under Uncertainty Monetary Policy Transmission with Two Exchange Rates of a Single *Chang Wang, Beijing University of Posts and Currency: The Chinese Experience Telecommunications and Queen Mary University of London, and Qing He, Renmin University of China, Iikka Korhonen, Bank of Xueyun Zeng, Beijing University of Posts and Telecommunications Finland, and *Zongxin Qian, Renmin University of China Altering the Balance of Economic Power between Producers and Discussants: Zongxin Qian, Renmin University of China Consumers Nan-Ting Chou, University of Louisville *Liviu Florea, Washburn University Xiaorong Du, Sichuan University General Equilibrium with Transactions Costs *Pawel Mlodkowski, Miyazaki International College, and David [145] Room 464 Saturday, March 23 @ 12:45 PM–2:30 PM Bywaters, Independent Researcher Volunteer Individual Roundabout Production Model of Development from Scratch MACROECONOMIC FLUCTUATIONS AND MEASUREMENT

3/23/19 (subject to change) * indicates paper presenter Page 24 Chair: Chen Yeh, University of Illinois at Urbana-Champaign Nam Y. Foo, Curtin University of Technology Papers: Using a DSGE Model to Analyze the Impact of a Low Inflation Policy on Economic Recovery [148] Room 467 Saturday, March 23 @ 12:45 PM–2:30 PM *Ronald L. Tracy, Oakland University Contemporary Economic Policy Slow Recoveries and Labor Market Polarization ECONOMIC ISSUES ON THE TAIWAN ECONOMY *Wen Zhang, Renmin University of China Organizer(s): Jack W. Hou, California State University, Long Beach, The US Recessions in the National Banking Era: A Business Cycle and Huazhong University of Science and Technology Accounting Approach Chair: Wen-Hsien Liu, National Chung Cheng University, Taiwan *Dou Jiang, Tianjin University of Finance and Economics Papers: Policy Evaluation on the Cross-Strait Economic Cooperation Price-Cost Markups in U.S. Manufacturing Framework Agreement in between Taiwan and China *Chen Yeh, University of Illinois at Urbana-Champaign *Chien-Liang Chen, National Chi Nan University, Taiwan Discussants: Wen Zhang, Renmin University of China The Impacts of IPRs Protection and Level of Technology on the Dou Jiang, Tianjin University of Finance and Economics Semiconductor Trade Chen Yeh, University of Illinois at Urbana-Champaign *Wen-Hsien Liu, National Chung Cheng University, Taiwan, and Ronald L. Tracy, Oakland University Ai-Yung Yu, National Chung Cheng University, Taiwan The Relationship between TRIPS Compliance and Taiwan's Exports [146] Room 473 Saturday, March 23 @ 12:45 PM–2:30 PM *Yu-Pei Judy Hsu, Feng Chia University, Taiwan Individually Organized Discussants: Yu-Pei Judy Hsu, Feng Chia University, Taiwan ROBERT E. LIPSEY MEMORIAL PANEL 1: TRADE, FIRM Chien-Liang Chen, National Chi Nan University, Taiwan PRODUCTIVITY, AND ORGANIZATION Wen-Hsien Liu, National Chung Cheng University, Taiwan Organizer(s): Zadia M. Feliciano, Queen's College, CUNY, the Graduate Center, CUNY, and NBER [149] Room 455 Saturday, March 23 @ 12:45 PM–2:30 PM Chair: Zadia M. Feliciano, Queen's College, CUNY, the Graduate Allied Society: IBEFA Center, CUNY, and NBER FINANCIAL STABILITY AND MONETARY POLICY Papers: Exporter Dynamics and Productivity Dispersion within Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University Industry and Funcas, and Francisco Rodriguez-Fernandez, Universidad de *Keiko Ito, Chuo University Granada and Funcas Firm Productivity and Foreign Direct Investment in the Services Chair: Wako Watanabe, Economic and Social Research Institute and Sector Keio University *Ayumu Tanaka, Chuo University Papers: Tracking Financial Fragility Heterogeneous Impact of Import Competition on Firm Organization: *Simon H. Kwan, Federal Reserve Bank of San Francisco, and Evidence from Japanese Firm-Establishment Matched Data Set Paolo Giordani, Sveriges Riksbank *Toshiyuki Matsuura, Keio University Predicting the Probabilities of Default for Privately Held Banks: The Cross-Border Trade Credit and Trade Flows during the Global Case of Shinkin Banks in Japan Financial Crisis *Wako Watanabe, Economic and Social Research Institute and Hyejoon Im, Yeungnam University, Sangyeon Hwang, Incheon Keio University, and Brahim Guizani, University of Jendouba National University, and *Moon Jung Choi, Bank of Korea Cross-Border Bank Flows and Monetary Policy Discussants: Hyunbae Chun, Sogang University *Ricardo Correa, Federal Reserve Board of Governors, Teodora Hyejoon Im, Yeungnam University Paligorova, Federal Reserve Board of Governors, Horacio Sapriza, Renjith Ramachandran, Indian Institute of Technology Madras Federal Reserve Board of Governors, and Andrei Zlate, Federal Iwao Tanaka, Toyo Gakuen University Reserve Bank of Boston Mortgage Arrears, Regulation and Institutions: Cross-Country [147] Room 451 Saturday, March 23 @ 12:45 PM–2:30 PM Evidence Volunteer Individual *Razvan Vlahu, De Nederlandsche Bank, Irina Stanga, De EMPIRICAL ANALYSIS OF INTERNATIONAL TRADE Nederlandsche Bank and University of Groningen, and Jakob de Chair: Leonie L. Stone, State University of New York, Geneseo Haan, De Nederlandsche Bank, University of Groningen and Papers: The Impact of China's One Belt One Road Initiative on CESifo International Trade in the ASEAN Region Discussants: John V. Duca, Oberlin College and Federal Reserve Bank *Nam Y. Foo, Curtin University of Technology of Dallas The Causal Impact of Trade on Migration: A Gravity Model Ricardo Correa, Federal Reserve Board of Governors Estimation Wako Watanabe, Economic and Social Research Institute and Keio *Rosmaiza Abdul Ghani, University of Waikato, Michael P. University Cameron, University of Waikato, William Cochrane, University of Simon H. Kwan, Federal Reserve Bank of San Francisco Waikato, and Matthew Roskruge, University of Waikato Measuring International Flow of Funds for Japan, South Korea, China [150] Room 474 Saturday, March 23 @ 12:45 PM–2:30 PM and the U.S. Volunteer Individual *Jiyoung Kim, Okayama University IMMIGRATION AND SOCIAL NETWORK U.S.-Canada Trade and NAFTA, 20 Years Later: Is There Still a Border Chair: Steven Kivinen, National Research University Higher School of Effect? Economics, Russia *Leonie L. Stone, State University of New York, Geneseo Papers: Barriers to Labor Migration for the Rural Poor: Experimental Discussants: Rosmaiza Abdul Ghani, University of Waikato Evidence from a Vocational Training Program in Bangladesh Jiyoung Kim, Okayama University *Abu Shonchoy, Florida International University Leonie L. Stone, State University of New York, Geneseo Employment Targeting in a Frictional Labor Market

3/23/19 (subject to change) * indicates paper presenter Page 25 Chetan Ghate, Indian Statistical Institute, and *Debojyoti Chair: Alberto Posso, RMIT University Mazumder, Indian Institute of Management Indore Papers: The Relationship between Economic Growth and Income Spatial Dependence and Social Networks in Regional Labor Migration Inequality among Korean Regions *Koji Murayama, Tohoku University, and Jun Nagayasu, *PyungEun Im, Sungkyunkwan University University of Tsukuba Workforce Aging and Industry-Level Productivity Consensus in Social Networks: Revisited *E. Young Song, Sogang University *Steven Kivinen, National Research University Higher School of The Effects of Political Reservations on Credit Access and Borrowing Economics, Russia Composition: New Evidence from India Discussants: Debojyoti Mazumder, Indian Institute of Management *Chon-Kit Ao, National Cheng Kung University, Taiwan, and Indore Somdeep Chatterjee, Indian Institute of Management Lucknow Koji Murayama, Tohoku University Can Relaxing Constraints on Women Reduce Child Deprivations? Steven Kivinen, National Research University Higher School of Framework, Measurement, and Evidence from India Economics, Russia *Alberto Posso, RMIT University Abu Shonchoy, Florida International University Discussants: E. Young Song, Sogang University Chon-Kit Ao, National Cheng Kung University, Taiwan [151] Room 466 Saturday, March 23 @ 12:45 PM–2:30 PM Alberto Posso, RMIT University Contemporary Economic Policy PyungEun Im, Sungkyunkwan University APPLIED ECONOMICS: LABOR AND INCOME SHARES Organizer(s): Jack W. Hou, California State University, Long Beach, [154] Room 472 Saturday, March 23 @ 12:45 PM–2:30 PM and Huazhong University of Science and Technology Allied Society: AFEA Chair: Scott M. Fuess Jr., University of Nebraska, Lincoln Jack W. ISSUES ON SUSTAINABILITY AND ECONOMIC DEVELOPMENT IN Hou, California State University, Long Beach, and Huazhong AFRICA University of Science and Technology Organizer(s): Samuel Amponsah, Tokyo International University Papers: Job Matching and the Beveridge Curve: Comparing the U.S. Chair: Evelyn Wamboye, Pennsylvania State University, University and Japan Park *Scott M. Fuess Jr., University of Nebraska, Lincoln Papers: Poverty, a Heurisitc and Economic Decision-Making: A Quasi- Minimum Wages and Unemployment: Evidence from Russia Natural Experiment from Rural Kenya *Gi Khan Ten, KDI School of Public Policy and Management, and *Richard Iles, Washington State University Pullman Shun Wang, KDI School of Public Policy and Management Linguistic Diversity and Economic Performance Impacts of Occupation Income Share on Growth *Samuel Amponsah, Tokyo International University, and Kyoko *Liang Shao, Henan University Koga, Kochi University Move from Altruism to Self-Interest: Motive for Remittance Polygamy and Child Health Outcome in Nigeria *Niroshani Anuruddika Kumari Parahara Withanalage, Victoria *Uchechi Shirley Anaduaka, Lingnan University University, Melbourne, and Nada Kulendran, Victoria University Discussants: Reza Asadian, Tokyo International University Discussants: Keiko Tamada, Fukuoka University Forster Junior Shitsi, Marshall University Liang Shao, Henan University Samuel Amponsah, Tokyo International University Niroshani Anuruddika Kumari Parahara Withanalage, Victoria University, Melbourne [154.5] Room 477 Saturday, March 23 @ 12:45 PM–2:30 PM Scott M. Fuess Jr., University of Nebraska, Lincoln Individually Organized Sponsored by Asian Development Bank Institute [152] Room 453 Saturday, March 23 @ 12:45 PM–2:30 PM FINANCE FOR SUSTAINABLE AND INCLUSIVE GROWTH Volunteer Individual Organizer(s): Naoyuki Yoshino, Asian Development Bank Institute WAGES, RISK, AND HUMAN CAPITAL Chair: Naoyuki Yoshino, Asian Development Bank Institute Chair: Anil Nathan, George Washington University Papers: Social Funding of Green Financing: An Application of Papers: Risk Consideration of the Skill Premium Blockchain/Tangle *Diego Vilan, Federal Reserve Board of Governors *Naoyuki Yoshino, Asian Development Bank Institute, Tim Wage Rigidity during the Great Depression: Plant-Level Evidence Schlober, University of Bonn, and Farhad Taghi Zadeh Hesary, *Changkeun Lee, Yonsei University, Wonju Campus Waseda University Economies of Scale, Plot Size, and Human Capital in Japanese Rice Determinants and Impacts of Financial Literacy in the Lao PDR Production *Peter J. Morgan, Asian Development Bank Institute, and Long Q. *Darlington Sabasi, Beloit College, Susan Furukawa, Beloit Trinh, Asian Development Bank Institute College, and Yuxin Liu, Beloit College Environmental Risk and Bank Lending: A Quasi-Natural Experiment The Value of a Private Education: Differential Returns and Selection *Bihong Huang, Asian Development Bank Institute, Maria Teresa on Observables Punzi, Vienna University of Economics and Business, and Yu Wu, *Anil Nathan, George Washington University Southwestern University of Finance and Economics Discussants: Changkeun Lee, Yonsei University, Wonju Campus Discussants: Ayumi Onuma, Keio University Darlington Sabasi, Beloit College Willem H. Thorbecke, Research Institute of Economy, Trade, and Anil Nathan, George Washington University Industry, Japan Diego Vilan, Federal Reserve Board of Governors Mengmeng Guo, Southwestern University of Finance and Economics

[153] Room 462 Saturday, March 23 @ 12:45 PM–2:30 PM [155] Room 476 Saturday, March 23 @ 12:45 PM–2:30 PM Volunteer Individual Volunteer Individual POLITICS, AGING, AND PRODUCTIVITY POLICY AND VALUATION

3/23/19 (subject to change) * indicates paper presenter Page 26 Chair: Joel Wood, Thompson Rivers University Do Exploding Offers Really Explode? The Role of Commitment in Papers: Who Bears the Costs of "Blue Sky": The Impact of Search Deterrence Environmental Regulation on Labor Demand in China *Siqi Pan, University of Melbourne, and Xin Zhao, University of *Bing Zhang, Nanjing University Technology Sydney Rental Market of Pump-sets in the Central and Western Parts of Nepal Plains [159] Room 461 Saturday, March 23 @ 2:45 PM–4:30 PM *Binoy Goswami, South Asian University, and Krishna Sharma, Volunteer Individual Kathmandu University QUANTITATIVE METHODS AND EXPERIMENTS Tradable Permits and Pollution Hotspots: Evidence from Ontario Chair: Wanbo Lu, Southwestern University of Finance and *Joel Wood, Thompson Rivers University, and Zixing Shen, Economics Thompson Rivers University Papers: Preferences and Economic Decisions of Older Adults Discussants: Binoy Goswami, South Asian University *Jonas Fooken, University of Queensland Joel Wood, Thompson Rivers University The Saturation of Spending Diversity and the Truth about Mr Brown Bing Zhang, Nanjing University and Mrs Jones *Andreas Chai, Griffith University [156] Room 463 Saturday, March 23 @ 12:45 PM–2:30 PM Sectoral Productivity Increases in a Regional Economy: A Multiplier Contemporary Economic Policy Evaluation APPLIED ECONOMICS: GROWTH, ASSET PORTFOLIO, AND HOUSING *Maria Llop, Universitat Rovira i Virgili Organizer(s): Jack W. Hou, California State University, Long Beach, M-Estimates for the Multiplicative Error Model and Huazhong University of Science and Technology *Wanbo Lu, Southwestern University of Finance and Economics, Chair: Ran Tao, University of Wisconsin -- Whitewater and Yanfeng Wang, Southwestern University of Finance and Papers: Export Orientation, Technological Progress and Economic Economics Growth in China Discussants: Andreas Chai, Griffith University *James Xiaohe Zhang, University of Newcastle Maria Llop, Universitat Rovira i Virgili The Importance of Debt for Household Risky Asset Allocation and Wanbo Lu, Southwestern University of Finance and Economics Portfolio Structure Jonas Fooken, University of Queensland *Ran Tao, University of Wisconsin -- Whitewater, and *Yuan Yuan, University of Wisconsin -- Whitewater [160] Room 454 Saturday, March 23 @ 2:45 PM–4:30 PM Changes in Housing Markets and Spatial Sorting in the United States Volunteer Individual *Bo Li, Peking University INFORMATION AND UNCERTAINTY Credit Conditions and the Macroeconomy Over the Cycle Chair: Shota Ichihashi, Bank of Canada Risto Herrala, Bank of Finland, and *Rima Turk-Ariss, Papers: Manipulation, Dynamic Informed Trading, and the International Monetary Fund Uniqueness of Equilibrium in Securities Markets Discussants: Bo Li, Peking University *Shino Takayama, University of Queensland James Xiaohe Zhang, University of Newcastle Fighting Uncertainty with Uncertainty Risto Herrala, Bank of Finland *Ravi Kashyap, SolBridge International School of Business Ran Tao, University of Wisconsin -- Whitewater Consumer-Optimal Disclosure with Costly Information Acquisition *Shota Ichihashi, Bank of Canada [157] Room 472 Saturday, March 23 @ 2:45 PM–4:30 PM Discussants: Ravi Kashyap, SolBridge International School of Volunteer Individual Business CAPITALIZATION IN REAL ESTATE Shota Ichihashi, Bank of Canada Chair: Renaud Coulomb, University of Melbourne Shino Takayama, University of Queensland Papers: The Capitalization of Geohazard Risks on Residential Real Estate: Applications to Lisbon, Portugal [161] Room 457 Saturday, March 23 @ 2:45 PM–4:30 PM *Sofia Franco, Universidade de Lisboa Allied Society: SABE Environmental Risk and the Anchoring Role of Local Amenities CORRUPTION AND HOW TO HINDER IT *Renaud Coulomb, University of Melbourne, and Yanos Organizer(s): Panagiotis Mitkidis, Aarhus University and Duke Zylberberg, University of Bristol University Discussants: Renaud Coulomb, University of Melbourne Chair: Panagiotis Mitkidis, Aarhus University and Duke University Sofia Franco, Nova School of Business and Economics Papers: Commitment Corrupts *Simon van Baal, University of Warwick, John Michael, University [158] Room 456 Saturday, March 23 @ 2:45 PM–4:30 PM of Warwick, and Panagiotis Mitkidis, Aarhus University and Duke Allied Society: ESA University LABOR EXPERIMENTS How Leaders can Hinder Corruption Organizer(s): C. Monica Capra, Claremont Graduate University, and *Simon Karg, Aarhus University, and Panagiotis Mitkidis, Aarhus Siqi Pan, University of Melbourne University and Duke University Chair: Siqi Pan, University of Melbourne Whistleblowing and Corruption Papers: Probabilistic Reward Schemes: Experimental Evidence *Dimitrios Batolas, Aarhus University, Panagiotis Mitkidis, Aarhus *Jose Ortiz Gomez, Middlesex University, Adrian R. Camilleri, University and Duke University, and Dan Ariely, Duke University University of Technology Sydney, Katarina Dankova, Central Only Coordination for a Team Alters Risk Preferences for Others European Labour Studies Institute, and Ananta Neelim, RMIT *John Michael, University of Warwick University [162] Room 464 Saturday, March 23 @ 2:45 PM–4:30 PM

3/23/19 (subject to change) * indicates paper presenter Page 27 Volunteer Individual [165] Room 451 Saturday, March 23 @ 2:45 PM–4:30 PM FISCAL POLICY Allied Society: APF Chair: Kotaro Yoshida, University of Chicago TOPICS IN MACROECONOMICS Papers: Growth and Welfare Implications of Mandatory Work-time Organizer(s): George Karras, University of Illinois at Chicago Reductions in a Life-Cycle Dynastic Family Model with Endogenous Chair: George Karras, University of Illinois at Chicago Growth and Fertility Papers: The Hysteresis Loop in Post-Brexit Pending EU-27/28 Trade *Siew Ling Yew, Monash University Patterns The Effects of Fiscal Shocks on Output in Japan: Do the Exchange *Evrard Claessens, University of Antwerp, and Cedric Guisson, Rate Regime and the Zero Lower Bound Constraint Matter? University of Antwerp *Trung Huy Bui, Hiroshima University, and Takashi Senda, Is Output Growth Related to its Uncertainty? Evidence using Eight Hiroshima University Centuries of British Growth Political Ideology, Regime Type and Fiscal Policy *Stilianos Fountas, University of Macedonia, Don Bredin, *Kyung Woong Koh, Yonsei University University College Dublin, and Christos S. Savva, Cyprus University Discussants: Rajeev Dhawan, Georgia State University of Technology Kotaro Yoshida, University of Chicago Automation and Unemployment: Help is on the Way Siew Ling Yew, Monash University *Hideki Nakamura, Osaka City University Are "Twin Deficits" an Illusion? International Evidence on Fiscal [163] Room 463 Saturday, March 23 @ 2:45 PM–4:30 PM Policy and the Current Account Contemporary Economic Policy *George Karras, University of Illinois at Chicago FINANCIAL CRISIS AND MONETARY POLICY Discussants: George Karras, University of Illinois at Chicago Organizer(s): Jack W. Hou, California State University, Long Beach, Evrard Claessens, University of Antwerp and Huazhong University of Science and Technology Stilianos Fountas, University of Macedonia Chair: Manfred W. Keil, Claremont McKenna College Hideki Nakamura, Osaka City University Papers: Shock Risk of the Monetary Policy under Financial Crisis with Asymmetric Information [166] Room 466 Saturday, March 23 @ 2:45 PM–4:30 PM *Qingmin Hao, Tianjin University Contemporary Economic Policy The Lender of Last Resort Policy and Its Signaling Effect in a Time of ECONOMICS OF CHINA: TRADE AND FINANCE Crisis Organizer(s): Jack W. Hou, California State University, Long Beach, *Mei Li, University of Guelph, Frank Milne, Queen's University, and Huazhong University of Science and Technology Canada, and Junfeng Qiu, Central University of Finance and Chair: Feng Dai, Nanjing Audit University Economics, China Papers: Effects of US-China Trade on US Employment: A GVC Don't Panic: The R Word Angst Perspective *Manfred W. Keil, Claremont McKenna College *Feng Dai, Nanjing Audit University, and Ruixiang Liu, Nanjing A Time-Varying Coefficient Model of Greek and Irish Contagion Audit University Graham Bird, Claremont Graduate University, *Wenti Du, Akita Financial Development and Innovation: A DSGE Comparison of International University, Eric J. Pentecost, Loughborough Chinese and U.S. Business Cycles University, and Thomas D. Willett, Claremont Graduate University *Shuonan Zhang, University of Manchester Discussants: Manfred W. Keil, Claremont McKenna College Corporate Financial Asset Holdings under Economic Policy Manfred W. Keil, Claremont McKenna College Uncertainty: Precautionary Saving or Speculating? Wenti Du, Akita International University Yuchao Peng, Central University of Finance and Economics, China, Mei Li, University of Guelph Jialin Huang, Southwestern University of Finance and Economics, and *Yu Luo, Renmin University of China [164] Room 462 Saturday, March 23 @ 2:45 PM–4:30 PM The Impact of Foreign Investors and Domestic (Chinese) Investors on Volunteer Individual Chinese Stock Market after Declaring Shanghai-Hong Kong Stock MONETARY POLICY AND EXCHANGE RATES Connection Chair: Gregory Levieuge, Banque de France *Yoonmin Kim, Keimyung University, and Gabje Jo, Keimyung Papers: The BOJ's ETF Purchases and Its Effects on Nikkei 225 stocks University *Tatsuyoshi Okimoto, Australian National University, and Kimie Discussants: Shuonan Zhang, University of Manchester Harada, Chuo University Yu Luo, Renmin University of China The Effect of the Bank of Japan's ETF Purchases on the Firm Yoonmin Kim, Keimyung University Performance Feng Dai, Nanjing Audit University *Hiroshi Gunji, Daito Bunka University, Kazuki Miura, Tokoha University, and Yuan Yuan, National Institute of Informatics [167] Room 452 Saturday, March 23 @ 2:45 PM–4:30 PM Money Stock versus Monetary Base in Time-Frequency Exchange Volunteer Individual Rate Determination INTERNATIONAL FINANCE *Yoshito Funashima, Tohoku Gakuin University Chair: Akira Nagae, University of Tokyo Cost of Banking Crises: Does the Policy Framework Matter? Papers: Does a New Accounting Report System Matter to Foreign Aid *Gregory Levieuge, Banque de France Allocation? Discussants: Hiroshi Gunji, Daito Bunka University *Akira Nagae, University of Tokyo, Hajime Katayama, Waseda Yoshito Funashima, Tohoku Gakuin University University, and Koichi Takase, Waseda University Gregory Levieuge, Banque de France Capacity Constraints, Fund Flows and Hedge Fund Alpha: Emerging Tatsuyoshi Okimoto, Australian National University Market Evidence

3/23/19 (subject to change) * indicates paper presenter Page 28 *Mui Kuen Yuen, Massey University, Martin Young, Massey Hiro Lee, Osaka University University, and Jianguo Chen, Massey University Ge Lai, Victoria University of Wellington Discussants: Mui Kuen Yuen, Massey University Shih-Hsun Hsu, National Taiwan University Akira Nagae, University of Tokyo [170] Room 455 Saturday, March 23 @ 2:45 PM–4:30 PM [168] Room 473 Saturday, March 23 @ 2:45 PM–4:30 PM Allied Society: IBEFA Individually Organized BANKING AND MACROECONOMICS ROBERT E. LIPSEY MEMORIAL PANEL 2: IMPORT COMPETITION, Organizer(s): Santiago Carbo-Valverde, CUNEF, Bangor University REMITTANCES, AND RECIPROCAL TRADE and Funcas, and Francisco Rodriguez-Fernandez, Universidad de Organizer(s): Zadia M. Feliciano, Queen's College, CUNY, the Granada and Funcas Graduate Center, CUNY, and NBER Chair: Evren Ors, HEC Paris Chair: Zadia M. Feliciano, Queen's College, CUNY, the Graduate Papers: U.S. Banking Integration and State-Level Exports Center, CUNY, and NBER *Evren Ors, HEC Paris, and Tomasz Michalski, HEC Paris Papers: Possibility of Japan-China-Korea Trilateral FTA: Investigation Cross-Border Spillover Effects of O-SII Buyers of Japanese Comparative Advantage in the Chinese Market *Giuseppe Cappelletti, European Central Bank, Aurea Ponte *Iwao Tanaka, Toyo Gakuen University, and Lihong Fang, Toyo Marques, European Central Bank, and Carmelo Salleo, European Gakuen University Central Bank The Impact of Migration and Remittances on Labor Supply in Stress Testing Interest Rate Risk in Banking Sector under Interaction Tajikistan between Yield Curve and Macroeconomic Dynamics Enerelt Murakami, Japan International Cooperation Agency, *Eiji *Yuji Sakurai, Federal Reserve Bank of Richmond, Azamat Yamada, JICA Research Institute, and Erica Paula Sioson, Asian Abdymomunov, Federal Reserve Bank of Richmond, and Jeffrey Development Bank Institute Gerlach, Federal Reserve Bank of Richmond Who Demands Reciprocal Trade? A Survey-Based Investigation of Discussants: Yuji Sakurai, Federal Reserve Bank of Richmond Individual Characteristics Evren Ors, HEC Paris Eiichi Tomiura, Hitotsubashi University, *Banri Ito, Aoyama Razvan Vlahu, De Nederlandsche Bank Gakuin University, Hiroshi Mukunoki, Gakushuin University, and Ryuhei Wakasugi, University of Niigata Prefecture [171] Room 453 Saturday, March 23 @ 2:45 PM–4:30 PM Import Shock from China and Local Labor Market Effect: New Volunteer Individual Evidence from Korea INSURANCE AND HEALTH RISK BEHAVIOR *Hyunbae Chun, Sogang University, Jung Hur, Sogang University, Chair: Richard A. Dunn, University of Connecticut and Nyeong Seon Son, Sogang University Papers: Political Sentiment about President Obama and Insurance Discussants: Daiju Aiba, JICA Research Institute Status Following The Affordable Care Act (ACA). Moon Jung Choi, Bank of Korea *Bisakha Sen, University of Alabama at Birmingham Zadia M. Feliciano, Queen's College, CUNY, the Graduate Center, Behavioral Demand Response to Insurance Coverage and Its Health CUNY, and NBER Consequences: Evidence from the Long-Term Care Insurance System Toshiyuki Matsuura, Keio University in Japan *Masaki Takahashi, University of Tokyo [169] Room 471 Saturday, March 23 @ 2:45 PM–4:30 PM Health-Risk Perception and Adopting Preventive Behavior Allied Society: TAIOS *Seojung Oh, Seoul National University, Sok Chul Hong, Seoul GLOBAL VALUE CHAINS ANALYSIS National University, and Eunju Lee, University of California, Davis Organizer(s): Shih-Hsun Hsu, National Taiwan University Estimates of the Prevalence, Risk, and Externality of Drinking and Chair: Hiro Lee, Osaka University Driving in the United States: 1982-2017 Papers: How Global or Regional are Value Chains in East Asia? *Richard A. Dunn, University of Connecticut, and Nathan Tefft, Evidence Based on an Input-Output Analysis in Textile, Automobile Bates College and Electronics Sectors Discussants: Masaki Takahashi, University of Tokyo *Ge Lai, Victoria University of Wellington Seojung Oh, Seoul National University Structure and Comparison of the Electronics and Motor Vehicle Value Richard A. Dunn, University of Connecticut Chains in East Asia Bisakha Sen, University of Alabama at Birmingham *Ikuo Kuroiwa, Institute of Developing Economies Formerly Assembled, but Now Designed in China? Assessing the [172] Room 474 Saturday, March 23 @ 2:45 PM–4:30 PM Domestic Value-Added of Activities in Gross Exports Volunteer Individual Quanran Chen, University of International Business and DEMAND AND SUPPLY OF LABOR MARKET Economics, China, Yuning Gao, Tsinghua University, *Jiansuo Pei, Chair: Claudia Macaluso, University of Illinois at Urbana-Champaign University of International Business and Economics, China, Papers: Guilt, Gender and Work-Life Balance in Japan: A Choice Gaaitzen de Vries, University of International Business and Experiment. Economics, China, and Fei Wang, University of International Chie Aoyagi, National Graduate Institute for Policy Studies, and Business and Economics, China *Alistair Munro, National Graduate Institute for Policy Studies General Equilibrium Evaluation of the CPTPP and RCEP with Global Optimal Employment in Frictional Business Cycles and Intertemporal Value Chains Discontinuity of Duals and Production Ken Itakura, Nagoya City University, and *Hiro Lee, Osaka *Koji Yokota, Meisei University University Using Econometrics to Reduce Gender Discrimination: Evidence from Discussants: Ching-Cheng Chang, Academia Sinica and National a Difference-in-Discontinuities Design Taiwan University *Giannina Vaccaro, University of California, Irvine

3/23/19 (subject to change) * indicates paper presenter Page 29 Labor Market Concentration, Skills, and Wages *Arsenio M. Balisacan, Philippine Competition Commission *Claudia Macaluso, University of Illinois at Urbana-Champaign Competition Policy and Economic Development Discussants: Koji Yokota, Meisei University *James A. Roumasset, University of Hawaii at Manoa, Majah-Leah Giannina Vaccaro, University of California, Irvine V. Ravago, Ateneo de Manila University and Philippine Economic Claudia Macaluso, University of Illinois at Urbana-Champaign Society, and Arsenio M. Balisacan, Philippine Competition Alistair Munro, National Graduate Institute for Policy Studies Commission The Anti-Monopoly Act and Competition Policy: Issues and [173] Room 465 Saturday, March 23 @ 2:45 PM–4:30 PM Challenges Contemporary Economic Policy *Sadaaki Suwazono, Japan Fair Trade Commission ECONOMICS OF CHINA: FIRM LEVEL ANALYSIS Discussants: Tetshusi Sonobe, National Graduate Institute for Policy Organizer(s): Jack W. Hou, California State University, Long Beach, Studies and Huazhong University of Science and Technology Christopher Edmonds, Tokyo International University Chair: Marian Rizov, University of Lincoln Yasuyuki Sawada, Asian Development Bank and University of Tokyo Papers: Budget Constraints and Employment Adjustments Under Exchange Rate Shocks: Evidence from Chinese Domestic Firms [176] Room 476 Saturday, March 23 @ 2:45 PM–4:30 PM *Marian Rizov, University of Lincoln, and Xufei Zhang, Middlesex Volunteer Individual University PRICES, CREDIT, AND POLICY Why Did Etihad Airways' Alliance Strategy Fail? Chair: Yi-Chen Lin, Tamkang University *Andreas Knorr, German University of Administrative Sciences Papers: Determinants of the Downward-Sloping Segment of the EKC Speyer, and Alexander Eisenkopf, Zeppelin University in High-Income Countries: The Role of Income Inequality and In the Wrong Place at the Wrong Time? The Long-Run Effects of the Institutional Arrangement Send-Down Movement in China *Hyangsuk Cho, Sungkyunkwan University *Chuan He, Huazhong University of Science and Technology Board Composition, Corporate Environmental Policy, and Corporate Discussants: Chuan He, Huazhong University of Science and Financial Performance Technology *Jun Xie, Kyushu University, Wataru Nozawa, Kyushu University, Marian Rizov, University of Lincoln and Shunsuke Managi, Kyushu University Andreas Knorr, German University of Administrative Sciences Speyer Research on the influence mechanism of credit availability on Farmers' Farmland Transfer Heterogeneity Behavior [174] Room 467 Saturday, March 23 @ 2:45 PM–4:30 PM *Hongfei Yin, Nanjing Agricultural University, Zhangxing Xu, Contemporary Economic Policy Nanjing Agricultural University, and Zhang Bing, Nanjing ISSUES OF DEVELOPING ECONOMIES: DEMOGRAPHY AND Agricultural University EDUCATION An ARDL Approach to the Food Waste and Food Price Nexus Organizer(s): Jack W. Hou, California State University, Long Beach, *Yi-Chen Lin, Tamkang University, Kaizhi Yu, Southwestern and Huazhong University of Science and Technology University of Finance and Economics, and Xiang Chen, Chair: Jack W. Hou, California State University, Long Beach, and Southwestern University of Finance and Economics Huazhong University of Science and Technology Discussants: Jun Xie, Kyushu University Papers: Population Pressure and Soil Quality Dynamics in Sub- Hongfei Yin, Nanjing Agricultural University Saharan Africa: Panel Evidence from Rural Uganda Yi-Chen Lin, Tamkang University *Francisco M.P Mugizi, National Graduate Institute for Policy Hyangsuk Cho, Sungkyunkwan University Studies The Effect of Family Planning Exposure on Fertility Choices and [177] Room 461 Saturday, March 23 @ 4:45 PM–6:30 PM Reproductive Health Care in Rural Pakistan Volunteer Individual Qaisar Khan, Lahore University of Management Sciences, and FINANCIAL SECTOR AND MACRO ECONOMY *Shun Wang, KDI School of Public Policy and Management Chair: Seohyun Lee, Bank of Korea The Determinants of Climate Finance Related to Clean Energy Papers: Understanding the Macroeconomic Impact of Stock Market Transition in Developing Countries Liquidity Shock *Waldemar Karpa, Kozminski University, Antonio Grginovic, *Yu-Hsi Chou, National Taiwan Normal University Kozminski University, and Mathilde Maurel, University of Paris I, Ownership Structure, Diversification and Bank Performance Pantheon-Sorbonne *Meng-Fen Hsieh, National Taichung University of Science and Discussants: Shun Wang, KDI School of Public Policy and Technology, Taiwan, and Meng Fen Shen, National Taichung Management University of Science and Technology, Taiwan Waldemar Karpa, Kozminski University Identifying Uncertainty Shocks due to Geopolitical Swings in Korea Gi Khan Ten, KDI School of Public Policy and Management *Seohyun Lee, Bank of Korea, Inhwan So, Bank of Korea, and Jongrim Ha, World Bank [175] Room 477 Saturday, March 23 @ 2:45 PM–4:30 PM Discussants: Meng-Fen Hsieh, National Taichung University of Individually Organized Science and Technology, Taiwan ANTI-COMPETITIVE BEHAVIOR, COMPETITION POLICY, AND Seohyun Lee, Bank of Korea ECONOMIC DEVELOPMENT Yu-Hsi Chou, National Taiwan Normal University Organizer(s): James A. Roumasset, University of Hawaii at Manoa Chair: Majah-Leah V. Ravago, Ateneo de Manila University and [178] Room 456 Saturday, March 23 @ 4:45 PM–6:30 PM Philippine Economic Society Allied Society: ESA Papers: Fairness, Inequality and Competition Policy in a Developing- COOPERATION Country Context

3/23/19 (subject to change) * indicates paper presenter Page 30 Organizer(s): C. Monica Capra, Claremont Graduate University, and A DSGE Model for Coordinated Macroeconomic Policy Siqi Pan, University of Melbourne Abdykappar A. Ashimov, Kazakh National Research Technical Chair: Tetsuya Kawamura, Japan University of Economics University, Yuriy Borovskiy, Kazakh National Research Technical Papers: Team Incentives, Productivity and Choices: A Real-Time Real University, and *Mukhit A. Onalbekov, Kazakh National Research Effort Experiment Technical University *Maoliang Ye, Xiamen University, Richard B. Freeman, Centre for Macroeconomic Framework for Assessing and Forecasting Trump Economic Performance, and Xiaolan Yang, Zhejiang University Tariff Measures on the Chinese Currency and the Global Economic Higher Cognitive Ability Promotes Cooperation in Infinitely Repeated Imbalance PD and Deviation in Finitely Repeated PDF: Experimental Evidence *Layal Mansour Ichrakieh, American University of Beirut *Tetsuya Kawamura, Japan University of Economics, Misato Inflationary Redistribution vs. Trading Opportunities Inaba, Kansai University, and Kazuhito Ogawa, Kansai University *Junsang Lee, Sungkyunkwan University, and Timothy Kam, Producing Leisure Australian National University *Keisuke Otsu, Keio University, and Mathan Satchi, University of Discussants: Mukhit A. Onalbekov, Kazakh National Research Kent Technical University Layal Mansour Ichrakieh, American University of Beirut [179] Room 454 Saturday, March 23 @ 4:45 PM–6:30 PM Junsang Lee, Sungkyunkwan University Volunteer Individual Goro Komatsu, Kyushu University HOUSEHOLD FINANCIAL DECISIONS Chair: Tomoki Kitamura, Tohoku Gakuin University [184] Room 462 Saturday, March 23 @ 4:45 PM–6:30 PM Papers: Intratemporal Substitution between Housing and Volunteer Individual Nondurable Consumption: Evidence from Reinvestment in Housing MACROECONOMIC EFFECTS OF CREDIT AND MONEY SHOCKS Stock Chair: Nelson Mark, University of Notre Dame *Natalia Khorunzhina, Copenhagen Business School Papers: Credit Risk Propagation along Supply Chains: Evidence from Why Do Individuals Not Participate in the Stock Market? the CDS Market *Yulia Veld-Merkoulova, Monash University, Chris Veld, *Senay Agca, George Washington University University of Glasgow, and Stephen J Brown, Monash University Sovereign Yield Spreads as Determinants of Private Sector Borrowing Student Loans, Access to Credit and Consumer Financial Decisions Costs *Alvaro A. Mezza, Federal Reserve Board of Governors, Daniel R. *Thomas Theobald, Macroeconomic Policy Institute, and Silke Ringo, Federal Reserve Board of Governors, and Kamila Sommer, Tober, Macroeconomic Policy Institute Federal Reserve Board of Governors Credit Risk and Discontinuous Effects of Monetary Reverse Policy Incentives to Delay Public Pension Benefit Claims Transactions *Tomoki Kitamura, Tohoku Gakuin University, and Kunio *Dimitris Voliotis, University of Piraeus, and Dimitrios P. Nakashima, NLI-Research Institute Tsomocos, University of Oxford Discussants: Yulia Veld-Merkoulova, Monash University Demographics and Monetary Policy Shocks Alvaro A. Mezza, Federal Reserve Board of Governors *Nelson Mark, University of Notre Dame, Kimberly Berg, Miami Tomoki Kitamura, Tohoku Gakuin University University, Ohio, Chadwick Curtis, University of Richmond, and Natalia Khorunzhina, Copenhagen Business School Steven Lugauer, University of Kentucky Discussants: Thomas Theobald, Macroeconomic Policy Institute [181] Room 457 Saturday, March 23 @ 4:45 PM–6:30 PM Dimitris Voliotis, University of Piraeus Allied Society: SABE Nelson Mark, University of Notre Dame ALTERNATIVE APPROACHES TO BEHAVIOURAL ECONOMICS Senay Agca, George Washington University Organizer(s): Morris Altman, University of Newcastle, and Shinji Teraji, Yamaguchi University [185] Room 466 Saturday, March 23 @ 4:45 PM–6:30 PM Chair: Barna Bako, Corvinus University of Budapest Contemporary Economic Policy Papers: On the Mind and Spirit of Islamic Framework for Behavioral US-CHINA TRADE WAR Economics/Socio-economic Justice Organizer(s): Jack W. Hou, California State University, Long Beach, *Mughees Shaukat, College of Banking and Financial Studies and Huazhong University of Science and Technology under Central Bank of Oman, and Bushra Shafiq, State Bank of Chair: Jean-Claude Maswana, University of Tsukuba Pakistan Papers: Trade Conflicts and Macroeconomics Policy: The Case of U.S. The Achilles' Heel of Salience Theory and a Way to Fix It vs.China *Barna Bako, Corvinus University of Budapest, and Gabor *Yixiao Zhou, Curtin University, and Rodney Tyers, University of Neszveda, Corvinus University of Budapest Western Australia I on You: Observer Identity in the Dictator Game The U.S. China Agricultural Trade and Polices: Potential Impacts of *Jin Di Zheng, Nanjing Audit University, and Anita Kopanyi- the Trade Dispute and Retaliations on their Dairy Markets Peuker, University of Amsterdam *Qingbin Wang, University of Vermont, Jonathan Walsh, University of Vermont, James Hansen, U.S. Department of [182] Room 464 Saturday, March 23 @ 4:45 PM–6:30 PM Agriculture, Yang Zou, Nankai University, China, and David Volunteer Individual Conner, University of Vermont MACROECONOMIC GENERAL EQUILIBRIUM MODELS China-Africa: How China-U.S. Trade War Can Affect Economic Chair: Junsang Lee, Sungkyunkwan University Growth in Africa Papers: Unemployment, the Output Gap, and Monetary Policy in *Jean-Claude Maswana, University of Tsukuba Japan: An Estimated New Keynesian Model Discussants: Qingbin Wang, University of Vermont *Goro Komatsu, Kyushu University Jean-Claude Maswana, University of Tsukuba

3/23/19 (subject to change) * indicates paper presenter Page 31 Francisco M.P Mugizi, National Graduate Institute for Policy Studies *Takashi Yoshida, Kanazawa Seiryo University Discussants: Junyu Saito, Momoyama Gakuin University [186] Room 473 Saturday, March 23 @ 4:45 PM–6:30 PM Masanori Orihara, University of Tsukuba Individually Organized Hiromichi Iwaki, Daito Bunka University ROBERT E. LIPSEY MEMORIAL PANEL 3: TRADE, FDI, AND CAPITAL FLOWS [190] Room 474 Saturday, March 23 @ 4:45 PM–6:30 PM Organizer(s): Zadia M. Feliciano, Queen's College, CUNY, the Volunteer Individual Graduate Center, CUNY, and NBER WAGE AND UNEMPLOYMENT Chair: Zadia M. Feliciano, Queen's College, CUNY, the Graduate Chair: Thomas Durfee, University of Minnesota Twin Cities Center, CUNY, and NBER Papers: The Very Short Run Effects of Minimum Wages on Papers: How would You Like to Pay Today? Product Differences in Employment & Labor Force Participation: Evidence from Individual- the Terms of Payment in International Trade level Longitudinal Data *Hyejoon Im, Yeungnam University *Ernest Boffy-Ramirez, University of Colorado Denver Bank Lending Channel and International Capital Flow into a Banking Is Politics the Missing Piece of the U.S. Minimum Wage Puzzle? Sector in a Dollarized Economy *Jesse Wursten, Katholieke Universiteit Leuven *Daiju Aiba, JICA Research Institute Task Contents of First Jobs and Short-Run Economic Well-being of FDI Agglomeration in India: Role of Country of Origin and Industry Less Educated Male Workers Peers *Shan-Ying Chu, Chung Yuan Christian University *Renjith Ramachandran, Indian Institute of Technology Madras, The Subminimum Wage and Employment and Subash Sasidharan, Indian Institute of Technology Madras *Thomas Durfee, University of Minnesota Twin Cities The U.S.-Colombia FTA and its Impact on Domestic and Foreign Firms Discussants: Jesse Wursten, Katholieke Universiteit Leuven *Zadia M. Feliciano, Queen's College, CUNY, the Graduate Center, Shan-Ying Chu, Chung Yuan Christian University CUNY, and NBER, and Sara Wong, Escuela Superior Politecnica del Thomas Durfee, University of Minnesota Twin Cities Litoral Ernest Boffy-Ramirez, University of Colorado Denver Discussants: Banri Ito, Aoyama Gakuin University Ayumu Tanaka, Chuo University [191] Room 476 Saturday, March 23 @ 4:45 PM–6:30 PM Keiko Ito, Chuo University Volunteer Individual Eiji Yamada, JICA Research Institute WATER DEMAND AND DROUGHT Chair: Matt Gnagey, Weber State University [187] Room 465 Saturday, March 23 @ 4:45 PM–6:30 PM Papers: Economic Analysis of Drought Risk on New Zealand Allied Society: IEFS Agricultural Sector: A Micro-Level Study INTERNATIONAL TRADE POLICY *Farnaz Pourzand, Victoria University of Wellington, and Ilan Noy, Organizer(s): Tibor Besedes, Georgia Institute of Technology Victoria University of Wellington Chair: Tibor Besedes, Georgia Institute of Technology Impacts of Large Scale Development of Water Resources on Industry Papers: Revisiting Profit-Shifting Trade Policy Intervention under of Downstream Regions in the Case of the LBCD Project in Japan Cross-Border Unbundling *Takeru Sugasawa, Tohoku University *Ayako Obashi, Aoyama Gakuin University Measuring Price Elasticities of Demand for Residential Irrigation Does Foreign Ownership Explain Company Export and Innovation Water Decisions? Evidence from Japan *Matt Gnagey, Weber State University *Toshihiro Okubo, Keio University, Alexander Wagner, University Discussants: Takeru Sugasawa, Tohoku University of Zurich, and Kazuo Yamada, Nagasaki University Matt Gnagey, Weber State University Slavery in America and the Industrial Revolution Farnaz Pourzand, Victoria University of Wellington Xi Mao, Georgia Institute of Technology, and *Juan B. Moreno- Cruz, University of Waterloo [192] Room 471 Saturday, March 23 @ 4:45 PM–6:30 PM Phase Out Tariffs, Phase in Trade? Allied Society: TAIOS *Tibor Besedes, Georgia Institute of Technology, Tristan Kohl, INPUT-OUTPUT STUDIES AND THE ENVIRONMENT University of Groningen, and James Lake, Southern Methodist Organizer(s): Shih-Hsun Hsu, National Taiwan University University Chair: Masaru Kagatsume, Kyoto University Papers: The Sustainability of Land Conservation Program: Evidence [189] Room 455 Saturday, March 23 @ 4:45 PM–6:30 PM of the Repercussions Effect of the Land Conservation Program on Individually Organized Regional Economic Structure Change in China ISSUES IN CORPORATE FINANCE *Shuning Chen, Research Institute of Innovative Technology for Organizer(s): Takashi Yoshida, Kanazawa Seiryo University the Earth, and Masaru Kagatsume, Kyoto University Chair: Hiromichi Iwaki, Daito Bunka University Pollutants Content in Production and Consumption and Pollution Papers: Drivers and Consequences of Overcompliance in Japanese Haven Hypothesis: An Inter-Country Input-Output Analysis Corporate Governance Jin-Xu Lin, Chung Yuan Christian University, Lin-Chih Tseng, Chung Arman Eshraghi, Cardiff University, Hiromichi Iwaki, Daito Bunka Yuan Christian University, and *Shih-Mo Lin, Chung Yuan University, and *Masanori Orihara, University of Tsukuba Christian University Rollover Risk and Payout Policy Corruption, Institutions, and Sustainable Development: Theory and Hiromichi Iwaki, Daito Bunka University, and *Junyu Saito, Evidence from Inclusive Wealth Momoyama Gakuin University *Rintaro Yamaguchi, National Institute for Environmental Studies, The Benefits of Being Public: Evidence from Duration Analyses of Japan Corporate Financing Discussants: Shih-Mo Lin, Chung Yuan Christian University

3/23/19 (subject to change) * indicates paper presenter Page 32 Ching-Cheng Chang, Academia Sinica and National Taiwan University Science and Technology), and Kyoung Tae Kim, University of Rintaro Yamaguchi, National Institute for Environmental Studies, Alabama, Tuscaloosa Japan An Analysis of Charitable Giving Across Income Classes in the Shuning Chen, Research Institute of Innovative Technology for the Philippines Earth *Jefferson Arapoc, University of Newcastle, David Savage, University of Newcastle, and Morris Altman, University of [193] Room 477 Saturday, March 23 @ 4:45 PM–6:30 PM Newcastle Individually Organized Discussants: Hohyun Kim, KAIST (Korea Advanced Institute of ECONOMICS OF AIR POLLUTION Science and Technology) Organizer(s): Michael R Ransom, Brigham Young University Jefferson Arapoc, University of Newcastle Chair: to be announced , Zhenhui Li, Communication University of China Papers: Winter Heating, Air Pollution, and Acute Health Impact: Evidence from a Regression Discontinuity Design [197] 4th Floor Cafeteria Saturday, March 23 @ 6:45 PM–9:00 PM *Guojun He, Hong Kong University of Science and Technology Participants Dinner and Keynote Address Environment-Enhanced Momentum and the Demand for AN AGING POPULATION AND THE EFFECTIVENESS OF MONETARY Environmental Quality AND FISCAL POLICY Haoming Liu, National University of Singapore, Jingfeng Lu, Introduction: Ippei Fujiwara, Keio University and Australian National National University of Singapore, and *Alberto Salvo, National University University of Singapore Address: Naoyuki Yoshino, Asian Development Bank Institute Air Pollution and School Absenteeism: Results from a Natural Experiment [198] Room 457 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM *Michael R Ransom, Brigham Young University, and C. Arden Volunteer Individual Pope III, Brigham Young University MICRO-ECONOMETRICS APPLICATIONS Discussants: Michael R Ransom, Brigham Young University Chair: Daniel Cullen, University of California, Santa Barbara Guojun He, Hong Kong University of Science and Technology Papers: Maternal Employment Status and the Supply of New Types Alberto Salvo, National University of Singapore of Childcare Services: Evidence from a New Trend in Early Childhood Education and Care in Japan [194] Room 453 Saturday, March 23 @ 4:45 PM–6:30 PM *Chi Zhang, Kyushu University, and Shunsuke Managi, Kyushu Volunteer Individual University REGIONAL ECONOMY AND TRANSPORTATION Inference on Conditional Quantile Processes in Partially Linear Chair: Michele Acciaro, Kuhne Logistics University Models with Application to Sharp RD Designs with Covariates Papers: The Impact of Regional and Sectoral Changes of Productivity *Jungmo Yoon, Hanyang University and Transport Infrastructure Improvements in the German Economy Construction of Credible Intervals for Nonlinear Regression Models *Marcel Henkel, University of Duisburg-Essen, and Raphael with Unknown Error Distributions Becker, University of Duisburg-Essen *Ji Yeon Yang, Kumoh National Institute of Technology The Rural Land Registration and Certification (RLRC) Program and Effective Number of Clusters and Inference with Instrumental Rural to Urban Migration in China Variables *Fei Meng, University of New South Wales, Canberra, Twan *Daniel Cullen, University of California, Santa Barbara, and Huybers, University of New South Wales, Canberra, and Satish Douglas G. Steigerwald, University of California, Santa Barbara Chand, University of New South Wales Discussants: Jungmo Yoon, Hanyang University The Impacts of Informal Settlement Upgrading on Land Use Patterns Ji Yeon Yang, Kumoh National Institute of Technology and Property Values: Evidence from Urban Village Removal Program Daniel Cullen, University of California, Santa Barbara in Beijing Chi Zhang, Kyushu University *Meiping Sun, Fordham University, and Xirong Chen, University of International Business and Economics [199] Room 456 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Non-Linear Pricing Strategies in the Port Sector Volunteer Individual *Michele Acciaro, Kuhne Logistics University MOBILITY AND INEQUALITY Discussants: Fei Meng, University of New South Wales, Canberra Chair: Jacques Gabriel Silber, Bar-Ilan University Meiping Sun, Fordham University Papers: A Panel Analysis of Brazilian Regional Inequality Michele Acciaro, Kuhne Logistics University *Peter M. Phelps, University of Leeds, and Philip Arestis, Marcel Henkel, University of Duisburg-Essen University of Cambridge Behavior and Worry: Household Perception of Food Security in [196] Room 452 Saturday, March 23 @ 4:45 PM–6:30 PM Guatemala Volunteer Individual *Ling Yee Khor, University of Hohenheim CULTURE AND TOURISM The Indebted Hand-to-Mouth Chair: Jefferson Arapoc, University of Newcastle *Mihaela Pintea, Florida International University Papers: The Business Model of Mobile Social Media in China: A Social On the Measurement of Population Weighted Relative Indices of Relationship Perspective Mobility and Convergence, with an Illustration Based on Chinese *Zhenhui Li, Communication University of China Data Religious Beliefs, Religious Culture, and Households' Investment *Jacques Gabriel Silber, Bar-Ilan University Decisions Discussants: Ling Yee Khor, University of Hohenheim *Hohyun Kim, KAIST (Korea Advanced Institute of Science and Mihaela Pintea, Florida International University Technology), Seung Hun Han, KAIST (Korea Advanced Institute of Jacques Gabriel Silber, Bar-Ilan University

3/23/19 (subject to change) * indicates paper presenter Page 33 Peter M. Phelps, University of Leeds Papers: The Welfare Effects of Service Trade Liberalization *Yihong Tang, Central University of Finance and Economics, [200] Room 465 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM China, and Jing Yan, Central University of Finance and Economics, Contemporary Economic Policy China FISCAL AND MONETARY POLICY Variable Trade Costs and the Margins of Trade: Empirical Evidences Organizer(s): Jianpo Xue, Renmin University of China from China's Export Tax Rebate Policy Chair: Qinglai Meng, Oregon State University *Jing Yan, Central University of Finance and Economics, China Papers: The 2008 U.S. Auto Market Collapse Firm Innovation under Import Competition from Low-Wage Countries Bill Dupor, Federal Reserve Bank of St. Louis, *Rong Li, Renmin Ujjayant N. Chakravorty, Tufts University, *Runjuan Liu, University of China, Saif Mehkari, University of Richmond, and Yi- University of Alberta, and Ruotao Tang, Ministry of Labor, Chen Tsai, National Taiwan University Alberta, Canada Examine the Lead-Lag Relationship of Channels in Monetary Discussants: Runjuan Liu, University of Alberta Transmission Mechanism Yihong Tang, Central University of Finance and Economics, China Marcelle Chauvet, University of California, Riverside, and *Zhi Jing Yan, Central University of Finance and Economics, China Zhao, Southwestern University of Finance and Economics Financial Friction, Liquidity Traps and Monetary Policy [203] Room 455 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Tiantian Dai, Central University of Finance and Economics, China, Volunteer Individual and *Chao He, East China Normal University MACROECONOMIC ASPECTS OF INTERNATIONAL TRADE AND Capital Income Taxation and Depreciation Allowance: Implications FINANCE for Aggregate (In)Stability Chair: Pei-Chien Lin, Tamkang University Kevin X. D. Huang, Vanderbilt University, Qinglei Meng, South Papers: Cheap Talk? Financial Sanctions and Non-Financial Activity Central University for Nationalities, and *Jianpo Xue, Renmin *Volker Nitsch, Technische Universitat Darmstadt University of China Effects of Exchange Rate on Value-Added International Trade Discussants: Kevin X. D. Huang, Vanderbilt University *Myoung Shik Choi, Kyonggi University Jianpo Xue, Renmin University of China Stock Transactions and Financial Integration in Luxembourg Qinglai Meng, Oregon State University *Rajarshi Mitra, Tokyo International University Rong Li, Renmin University of China Can Macroeconomic Stabilizing Policies Stabilize Export Volatility? *Pei-Chien Lin, Tamkang University [201] Room 462 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Discussants: Myoung Shik Choi, Kyonggi University Volunteer Individual Rajarshi Mitra, Tokyo International University FISCAL POLICY AND MACROECONOMIC STABILITY Pei-Chien Lin, Tamkang University Chair: Lawrence B. Dacuycuy, De La Salle University and Philippine Volker Nitsch, Technische Universitat Darmstadt Economic Society Papers: Fiscal Rules and Fiscal Performance: World Evidence [204] Room 454 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM *Klaus Schmidt-Hebbel, Pontifical Catholic University of Chile, and Individually Organized Raimundo Soto, Pontifical Catholic University of Chile CORPORATE SOCIAL RESPONSIBILITY Time-varying Fiscal Multipliers Identified by Systematic Component: Organizer(s): Thomas Durfee, University of Minnesota Twin Cities A Bayesian Approach to TVP-SVAR Model Chair: Thomas Durfee, University of Minnesota Twin Cities *Hirokuni Iiboshi, Economic and Social Research Institute Papers: Are Social Enterprises Efficient? A Theoretical Approach Deep Habits, Complementarities and Fiscal Stimulus: Does Labor *Tobias Beckmann, Department of the Prime Minister and Share have a Role in Increasing Private Consumption? Cabinet of Australia *Lawrence B. Dacuycuy, De La Salle University and Philippine Social Capital as a Hedging Tool: The Relation between CEO Risk- Economic Society Related Incentives and Corporate Social Responsibility Search Complementarities, Aggregate Fluctuations, and Fiscal Policy *Kyumin Cho, KAIST (Korea Advanced Institute of Science and Jesus Fernandez-Villaverde, University of Pennsylvania, Federico Technology), Hyeong Joon Kim, KAIST (Korea Advanced Institute Mandelman, Federal Reserve Bank of Atlanta, Yang Yu, Shanghai of Science and Technology), and Seung Hun Han, KAIST (Korea University of Finance and Economics, and *Francesco Zanetti, Advanced Institute of Science and Technology) University of Oxford Corporate Social Responsibility, Managerial Compensation Discussants: Hirokuni Iiboshi, Economic and Social Research Incentives, and Financial Risk Institute *Craig Wilson, University of Saskatchewan, Min Maung, Lawrence B. Dacuycuy, De La Salle University and Philippine University of Saskatchewan, Feiyi Yang, University of Economic Society Saskatchewan, and Yun Wang, University of Saskatchewan Francesco Zanetti, University of Oxford The Double Bottom Line and Sales Klaus Schmidt-Hebbel, Pontifical Catholic University of Chile *Thomas Durfee, University of Minnesota Twin Cities Discussants: Kyumin Cho, KAIST (Korea Advanced Institute of [202] Room 467 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Science and Technology) Contemporary Economic Policy Craig Wilson, University of Saskatchewan ECONOMICS OF CHINA Thomas Durfee, University of Minnesota Twin Cities Organizer(s): Jack W. Hou, California State University, Long Beach, Tobias Beckmann, Department of the Prime Minister and Cabinet of and Huazhong University of Science and Technology, and Yihong Australia Tang, Central University of Finance and Economics, China Chair: Yihong Tang, Central University of Finance and Economics, [205] Room 453 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM China Individually Organized

3/23/19 (subject to change) * indicates paper presenter Page 34 ISSUES IN CORPORATE FINANCE AND GOVERNANCE Zongyue He, Beijing Normal University Organizer(s): Chih-Yung Lin, National Chiao Tung University, Taiwan Xin Li, Beijing Normal University Chair: Chih-Yung Lin, National Chiao Tung University, Taiwan Changfeng Pan, Minjiang University Papers: Corporate Risk Culture and Innovation Ying Tan, Beijing Normal University *Chia-Wei Huang, National Taiwan Normal University The Dark Side of Bank CEO Risk-taking Incentives: Evidence from [209] Room 471 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Bank Lending Decisions Individually Organized *Po-Hsin Ho, National Central University, Taiwan, Linh Thi Thuy CAUSES AND CONSEQUENCES OF EDUCATION DECISIONS IN Tran, Yuan Ze University, and Chih-Yung Lin, National Chiao Tung JAPAN: EVIDENCE FROM CHILDREN OF THE JAPAN HOUSEHOLD University, Taiwan PANEL SURVEY Private Investments in Public Equity and Board Independence Organizer(s): Hideo Akabayashi, Keio University *Ching-Yu Hsu, National Yunlin University of Science and Chair: Hideo Akabayashi, Keio University Technology Papers: Gender Differences in Educational Investment and Outcomes Discussants: Ching-Yu Hsu, National Yunlin University of Science and in Japan: Evidence from the Japan Child Panel Survey Technology Hideo Akabayashi, Keio University, *Shiho Yukawa, Teikyo Chia-Wei Huang, National Taiwan Normal University University, and Kayo Nozaki, Kochi University Po-Hsin Ho, National Central University, Taiwan Children's Time Use and Educational Achievement: Assessing Evidence from the Japan Child Panel Survey [206] Room 452 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Ryosuke Nakamura, Fukuoka University, *Jun Yamashita, Japan Individually Organized Women's University, and Hideo Akabayashi, Keio University BOARD OF DIRECTORS AND INSTITUTIONAL INVESTORS How Does College Loan Affect the Life-Course of the Recipients? Organizer(s): Tokuo Iwaisako, Hitotsubashi University Evidence from Japan Chair: Tokuo Iwaisako, Hitotsubashi University JIe Wang, University of Tokyo, *Shimpei Sano, Chiba University, Papers: Financial Regulatory Directors and Firm Reporting Quality Masayuki Kobayashi, University of Tokyo, and Hideo Akabayashi, Ching-Hung Chang, National Chung Hsing University, Taiwan, Keio University *Yung-Ling Chi, National Chung Hsing University, Taiwan, and Discussants: Emiko Usui, Hitotsubashi University Qingqing Wu, North Carolina State University Sachiko Kuroda, Waseda University What Roles Proxy Advisors Play: Evidence from International Nobuko Nagase, Ochanomizu University Comparison Sean McGinty, Nagoya University, and *Konari Uchida, Kyushu [210] Room 472 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM University Individually Organized Institutional Investors, Stewardship Code, and Corporate WELL-BEING AND WELFARE IN SOUTHEAST ASIA Performance: International Evidence Organizer(s): Alberto Chong, Georgia State University Yutaro Shiraishi, Tokyo Institute of Technology, Naoshi Ikeda, Chair: Alberto Chong, Georgia State University Tokyo Institute of Technology, and *Kotaro Inoue, Tokyo Institute Papers: The Quality of Life and Well-Being of Peruvians as of Technology International Students in Japan: The case of Peruvian Discussants: Konari Uchida, Kyushu University Monbukagakusho Scholarship Students Tokuo Iwaisako, Hitotsubashi University *Pilar Jakeline Lagones Valdez, Nagoya University Yung-Ling Chi, National Chung Hsing University, Taiwan The Role of Microfinance Institutions their Productivity and the Quality of Life in Cambodia [208] Room 466 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM *Rido Thath, Meiji Gakuin University Contemporary Economic Policy Economic Approach to Well-Being in Southeast Asia TOPICS IN EDUCATIONAL ECONOMICS AND ECONOMIC STATISTICS *Naoko Shinkai, Tsuda University Organizer(s): Xun Zhang, Beijing Normal University Discussants: Alberto Chong, Georgia State University Chair: Xuguang Song, Beijing Normal University Naoko Shinkai, Tsuda University Papers: How Public Education Expenditure Promote Inclusive Growth Rido Thath, Meiji Gakuin University *Zongyue He, Beijing Normal University, and Xuguang Song, Beijing Normal University [211] Room 473 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Educational Mating, Income Inequality and Intergenerational Individually Organized Mobility POVERTY ALLEVIATION AND DEVELOPMENT OF CHINA *Ying Tan, Beijing Normal University, and Xin Li, Beijing Normal Organizer(s): Samuel L. Myers Jr., Roy Wilkins Center University Chair: Samuel L. Myers Jr., Roy Wilkins Center The Impacts of Digitalisation on China's Economic System Papers: The Influence of Rural Household Characteristics on Income *Yafei Wang, Beijing Normal University Poverty Standards: Based on the Research Perspective of Subjective Public Educational Expenditure and Housing Price: Evidence from Poverty Beijing *Sai Ding, Chinese Academy of Social Sciences, and li Keqiang, *Xun Zhang, Beijing Normal University, and Guangming Lyu, Southwest Minzu University Beijing Normal University Public Service Supply and Poverty Reduction Effects in Minority Areas Disaggregate Heterogeneity, Aggregate Effect and the Formation of China Mechanism of China's Inflation Persistance *Xiaomin Liu, Chinese Academy of Social Sciences Guangming Lyu, Beijing Normal University, and *Xueting Yu, Poverty Alleviation through Healthcare Reform? An Evaluation on Beijing Normal University, Zhuhai the Effect of Urban Public Hospital Reform in China Discussants: Nan Zhao, Beijing Normal University *Shuyi Deng, University of Minnesota Twin Cities

3/23/19 (subject to change) * indicates paper presenter Page 35 Job Search and Family Ties among Ethnic Minorities in Western *Taiyo Fukai, University of Tokyo, and Takahiro Toriyabe, China University of Tokyo *Man Xu, University of Minnesota Twin Cities Discussants: Mari Tanaka, Hitotsubashi University Discussants: Samuel L. Myers Jr., Roy Wilkins Center Taiyo Fukai, University of Tokyo Man Xu, University of Minnesota Twin Cities Lester Lusher, University of Hawaii at Manoa Shuyi Deng, University of Minnesota Twin Cities Teresa Molina, University of Hawaii at Manoa

[212] Room 474 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM [215] Room 476 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Volunteer Individual Allied Society: ICA CCR DEMOGRAPHICS AND EDUCATION DIFFERENT PERSPECTIVES ON CO-OPERATIVES Chair: Tetsuya Kuratani, Shikoku University Organizer(s): Morris Altman, University of Newcastle Papers: Parental Sex Selection and Population Sex Ratio Chair: Vladislav Valentinov, IAMO *Po Tat Terry Yip, McMaster University Papers: Member Heterogeneity in Cooperatives: A Systems Theory Son Preference and Birth Outcomes for Girls: First Evidence Using Sex View Ratio at Birth *Vladislav Valentinov, IAMO, and Constantine Iliopoulos, *Hyunkuk Cho, Yeungnam University Agricultural Economics Research Institute Cohort Differences and the Marriage Premium: The Case of Taiwan A Critical Analysis of Cooperative Multinationalisation: A *Jen-Ruey Tsaur, National Central University, Taiwan Comparative Study of the French 'Up Group' and the Mondragon Clarifying How Japanese Firms Attract and Recruit Foreign-Born 'Fagor Ederlan Group' College Graduates through Recruitment Advertising to Improve the Ignacio Bretos, University of Zaragoza, *Anjel Errasti, University Quality of Career Education of the Basque Country, Carmen Marcuello, University of *Tetsuya Kuratani, Shikoku University Zaragoza, and Jean Philippe Poulnot, Up Group Discussants: Hyunkuk Cho, Yeungnam University Product Quality in Tobacco Farming: Does Cooperative Membership Jen-Ruey Tsaur, National Central University, Taiwan Secure High-quality Tobacco Product? Evidence from Guizhou Tetsuya Kuratani, Shikoku University Province, China Po Tat Terry Yip, McMaster University *Junying Lin, Zhejiang University, Zhonggen Zhang, Zhejiang University, Ziming Liu, East China University of Science and [213] Room 461 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Technology, and Hongdong Guo, Zhejiang University Allied Society: KAEA Power, Preferences, Governance, and Firm Productivity: Positioning CONTEMPORARY LABOR ISSUES IN KOREA Worker Cooperatives and Investor-Owned Firms as Drivers of Firm Organizer(s): Changkeun Lee, Yonsei University, Wonju Campus Productivity Chair: Changkeun Lee, Yonsei University, Wonju Campus *Morris Altman, University of Newcastle Papers: How Digital Technologies Change Labor Demand: Evidence Economics of Cooperatives and Mutuals: The Indian Perspective from Smart Factories of Korea *Rangasamy Amalorpavanathan, National Bank for Agriculture *Changkeun Lee, Yonsei University, Wonju Campus and Rural Development, India Health Capacity to Work Longer in Korea *Junghyun Kwon, Korea Development Institute [216] Room 463 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM The Role of University in Cluster Formation: Evidence from a National Contemporary Economic Policy Institute of Science and Technology in Korea ISSUES IN DEVELOPING ECONOMIES *Jongkwan Lee, Korea Development Institute Organizer(s): Minchung Hsu, University of California, Los Angeles Discussants: Jongkwan Lee, Korea Development Institute Chair: Minchung Hsu, University of California, Los Angeles Changkeun Lee, Yonsei University, Wonju Campus Papers: Curse or Blessing: Investigating the Education and Income of Junghyun Kwon, Korea Development Institute Firstborns and Only Boys *Xiangcai Meng, Woosong University, and Junichi Fujimoto, [214] Room 464 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM National Graduate Institute for Policy Studies Individually Organized The Impact of Increased Import Competition from China on Income GOVERNMENT POLICIES AND WORKER OUTCOMES Inequality and Household Welfare in Vietnam Organizer(s): Teresa Molina, University of Hawaii at Manoa *Long Q. Trinh, Asian Development Bank Institute Chair: Teresa Molina, University of Hawaii at Manoa Aging and Population Policy in Developing Economies: Welfare Papers: More Money, More Problems? Expectations, Wage Hikes, Implications across Generations and Worker Voice *Tanyasorn Ekapirak, ASEAN +3 Macroeconomic Research Office, Achyuta Adhvaryu, University of Michigan, Ann Arbor, *Teresa Minchung Hsu, University of California, Los Angeles, and Pei-Ju Molina, University of Hawaii at Manoa, and Anant Nyshadham, Liao, National Taiwan University Boston College Does Political Capital of Chinese Enterprises Change Their Unemployment Insurance as a Worker Indiscipline Device? Evidence Performance? The Empirical Research Using the Data of Yangzhou from Scanner Data City's People's Congress and Industrial Enterprises *Lester Lusher, University of Hawaii at Manoa, Geoff Schnorr, *Kai Kajitani, Kobe University University of California, Davis, and Rebecca Taylor, University of Discussants: Tanyasorn Ekapirak, ASEAN +3 Macroeconomic Sydney Research Office Management Practices Meet Labor Market Outcomes Kai Kajitani, Kobe University Ryo Kambayashi, Hitotsubashi University, and *Mari Tanaka, Long Q. Trinh, Asian Development Bank Institute Hitotsubashi University Xiangcai Meng, Woosong University Long-term Effects of Parental Leave Policy on Maternal Employment

3/23/19 (subject to change) * indicates paper presenter Page 36 [217] Room 477 Sunday, March 24 @ 8:30:00 AM–10:15:00 AM Volunteer Individual OIL MARKETS AND ENVIRONMENTAL INVESTMENTS Chair: Leila Dagher, American University of Beirut Papers: The Impact of Volatile Fuel Prices on Produce Purchases among U.S. Households *Richard Volpe, California Polytechnic State University, San Luis Obispo Oil Discoveries and Innovation *Raviro Mercy Mhuru, Victoria University of Wellington Environmental Investment and Foreign Assistance in SAARC Countries: Does the Overseas Environmental Subsidies Improve Local and Global Environmental Problems? *Bishwa Raj Kandel, Kaestu University, and Eiji Sawada, Kyushu Sangyo University The GCC Stock Markets' Response to Oil Shocks: Revisiting the Evidence *Leila Dagher, American University of Beirut, Ibrahim Jamali, American University of Beirut, and Nasser Badra, American University of Beirut Discussants: Raviro Mercy Mhuru, Victoria University of Wellington Bishwa Raj Kandel, Kaestu University Leila Dagher, American University of Beirut Richard Volpe, California Polytechnic State University, San Luis Obispo

[219] South Hall Sunday, March 24 @ 10:30:00 AM–12:00 PM General Session ROUNDTABLE DISCUSSION ON DEMOGRAPHICS, AGING, AND PENSIONS Moderator: John B. Shoven, Stanford University Panelists: Peter A. Diamond, Massachusetts Institute of Technology Robert F. Engle, New York University Masaaki Shirakawa, Aoyama Gakuin University and former Governor of the Bank of Japan

3/23/19 (subject to change) * indicates paper presenter Page 37