Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 1 Session 3 June 2017 (Sat) 8:30-10:10 401, 4/F Contributed Misallocation and Firm Yang Tang Nanyang Technological 707 Firm Dynamics, Misallocation, In Hwan Jo; National University of Singapore* In Hwan Jo National University of 1.1c Dynamics University and Targeted Policies Tatsuro Senga; Queen Mary University of London Singapore

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 401, 4/F Contributed Misallocation and Firm Yang Tang Nanyang Technological 818 Input Misallocation and Sangyoon Park; University of Hong Kong Sangyoon Park University of Hong 1.1c Dynamics University Production Externalities Kong

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 401, 4/F Contributed Misallocation and Firm Yang Tang Nanyang Technological 852 R&D Dynamics and Corporate Xiaodan Gao; National University of Singapore Jake Zhao Peking University 1.1c Dynamics University Cash Jake Zhao; Peking University HSBC Business HSBC Business School School*

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 401, 4/F Contributed Misallocation and Firm Yang Tang Nanyang Technological 298 Spatial Misallocation in Yongheng Deng; National University of Singapore Yang Tang Nanyang 1.1c Dynamics University Chinese Housing and Land Yang Tang; Nanyang Technological University* Technological Market Ping Wang; Washington University in St. Louis University Jing Wu

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 402, 4/F Contributed Exchange Rates and Dimitrios University of Oxford 814 Precaution Versus Woo Jin Choi; University of Virginia* Woo Jin Choi University of Virginia 1.2c Capital Flows Tsomocos Mercantilism: Reserve Alan Taylor; University of California, Davis Accumulation, Capital Controls, and the Real Exchange Rate Session 1 Session 3 June 2017 (Sat) 8:30-10:10 402, 4/F Contributed Exchange Rates and Dimitrios University of Oxford 1079 Macro-Hedging and Sovereign Chang Ma; Johns Hopkins University Chang Ma Johns Hopkins 1.2c Capital Flows Tsomocos Default for Commodity University Exporters

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 402, 4/F Contributed Exchange Rates and Dimitrios University of Oxford 1317 Nominal Exchange Rate Siqiang Yang; University of Pittsburgh Siqiang Yang University of 1.2c Capital Flows Tsomocos Volatility, Default Risk and Pittsburgh Reserve Accumulation

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 402, 4/F Contributed Exchange Rates and Dimitrios University of Oxford 721 Capital Flows, Default, and Udara Peiris; NRU Higher School of Economics Dimitrios Tsomocos University of Oxford 1.2c Capital Flows Tsomocos Renegotiation in a Small Open Anna Sokolova; NRU Higher School of Economics Economy Dimitrios Tsomocos; University of Oxford*

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 403, 4/F Contributed Firm Seungjoon Oh Peking University 272 Does Firm Investment M. Cecilia Bustamante; University of Maryland* M. Cecilia Bustamante University of 1.3c Respond to Peers' Laurent Fresard; University of Maryland Maryland Investment?

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 403, 4/F Contributed Firm Seungjoon Oh Peking University 340 Who Becomes the Winner? Bipasa Datta; University of York* Bipasa Datta University of York 1.3c Effects of Venture Capital on Matthew Beacham; University of York Firms' Innovative Incentives

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 403, 4/F Contributed Firm Seungjoon Oh Peking University 287 Well Begun Is Half Done: Kyungran Lee; University of Hong Kong Seungjoon Oh Peking University 1.3c Initial R&D Competence and Katie Moon; University of Colorado Boulder Firm Growth Seungjoon Oh; Peking University*

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 404, 4/F Contributed Teacher and Peer Songman Kang Hanyang University 127 Endogenous Shocks in Social Maria Marchenko; University of Mannheim, WU Maria Marchenko University of 1.4c effects Networks: Exam Retakes and Vienna Mannheim, WU Friends' Future Performance Vienna

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 404, 4/F Contributed Teacher and Peer Songman Kang Hanyang University 624 Peer Effects on Public School Wei Kong; University of Missouri-Columbia Wei Kong University of Missouri- 1.4c effects Teachers' Retirement Columbia Decisions

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 404, 4/F Contributed Teacher and Peer Songman Kang Hanyang University 664 The Effect of Teacher Gender Jie Gong; National University of Singapore* Jie Gong National University of 1.4c effects on Students' Academic and Yi Lu; National University of Singapore Singapore Noncognitive Outcomes Hong Song; National University of Singapore

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 404, 4/F Contributed Teacher and Peer Songman Kang Hanyang University 764 The Effects of High School Songman Kang; Hanyang University Songman Kang Hanyang University 1.4c effects Peers on Juvenile Delinquency

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 406, 4/F Contributed Asset Market and Toyoichiro Hokkaido University 408 No-Arbitrage Determinants of Tatsuyoshi Okimoto; Australian National Sumiko Takaoka Seikei University 1.6c Macroeconomy Shirota Japanese Government Bond University Yield and Credit Spread Sumiko Takaoka; Seikei University* Curves

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 406, 4/F Contributed Asset Market and Toyoichiro Hokkaido University 557 Systematic Monetary Policy Ruediger Bachmann; University of Notre Dame* Ruediger Bachmann University of Notre 1.6c Macroeconomy Shirota and the Macroeconomic Sebastian Rueth; University of Ghent Dame Effects of Shifts in Loan-To- Value Ratios

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 406, 4/F Contributed Asset Market and Toyoichiro Hokkaido University 746 News Shocks and Asset Ningru Zhao; Nanjing Audit University Ningru Zhao Nanjing Audit 1.6c Macroeconomy Shirota Returns University

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 406, 4/F Contributed Asset Market and Toyoichiro Hokkaido University 612 Spillovers from Housing Toyoichiro Shirota; Hokkaido University Toyoichiro Shirota Hokkaido University 1.6c Macroeconomy Shirota Demand and Economic Fluctuations

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 407, 4/F Contributed Economic History Eik Swee University of Melbourne 680 Civil Wars, Political Cong Liu; Shanghai University of Finance and Cong Liu Shanghai University 1.7c Fragmentation, and Industrial Economics of Finance and Development in Early Economics Twentieth-Century China

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 407, 4/F Contributed Economic History Eik Swee University of Melbourne 1139 The Legacy Effect of WWII Difei Ouyang; University of Geneva* Difei Ouyang University of Geneva 1.7c Massacres on China's External Weidi Yuan; University of Geneva Trade Patterns

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 407, 4/F Contributed Economic History Eik Swee University of Melbourne 873 Inequality and Conflict Laura Panza; University of Melbourne Eik Swee University of 1.7c Intensification in Mandate Eik Swee; University of Melbourne* Melbourne Palestine

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 407, 4/F Contributed Economic History Eik Swee University of Melbourne 1202 The Causes of China's Great Hiroyuki Kasahara; University of British Columbia Bingjing Li National University of 1.7c Famine, 1959-1961: County- Bingjing Li; National University of Singapore* Singapore Level Evidence

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 408, 4/F Contributed Unemployment Taehyun Ahn Sogang University 916 Average and Quantile Effects German Blanco; Illinois State University Xuan Chen Renmin University of 1.8c of Training on Employment Xuan Chen; Renmin University of China* China and Unemployment Spells: A Carlos Flores; California Polytechnic State Bounds Analysis in The University Presence of Censoring and Alfonso Flores-Lagunes; Syracuse University Noncompliance Session 1 Session 3 June 2017 (Sat) 8:30-10:10 408, 4/F Contributed Unemployment Taehyun Ahn Sogang University 1000 Quasi-Experimental Evidence François Fontaine; Paris School of Economics* François Fontaine Paris School of 1.8c on Take-up and the Value of Andreas Kettemann; University of Zurich Economics Unemployment Insurance Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 408, 4/F Contributed Unemployment Taehyun Ahn Sogang University 403 Reemployment Bonuses, Taehyun Ahn; Sogang University Taehyun Ahn Sogang University 1.8c Unemployment Duration, and Job Match Quality

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 409, 4/F Contributed Financial Institutions Xin Jin University of Aberdeen 513 Marriage of Opposites? The Tse-Chun Lin; The University of Hong Kong Vesa Pursiainen The University of 1.9c and Services Impact of Social Capital Vesa Pursiainen; The University of Hong Kong* Hong Kong Differences on Mergers and Acquisitions

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 409, 4/F Contributed Financial Institutions Xin Jin University of Aberdeen 1106 Risk Aversion, Uninsurable Giacomo Candian; HEC Montréal* Giacomo Candian HEC Montréal 1.9c and Services Idiosyncratic Risk, and the Mikhail Dmitriev; Florida State University Financial Accelerator

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 409, 4/F Contributed Financial Institutions Xin Jin University of Aberdeen 1124 Competition among MFIs: Guillermo Baquero; European School of Malika Hamadi University of Surrey 1.9c and Services Financial and Social Tradeoffs Management and Technology Malika Hamadi; University of Surrey* Andreas Heinen; Universite de Cergy-Pontoise

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 409, 4/F Contributed Financial Institutions Xin Jin University of Aberdeen 1116 The Role of Market Xin Jin; University of Aberdeen Xin Jin University of 1.9c and Services Expectations in Commodity Aberdeen Price Dynamics and the Commodity Demand Elasticity: Evidence from Oil Data Session 1 Session 3 June 2017 (Sat) 8:30-10:10 410, 4/F Contributed Financial Market Lanh Tran Indiana University 13 Who Makes The Market Ke Xu; Queen's University Ke Xu Queen's University 1.10c During Stressed Periods? HFT vs. Dealers

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 410, 4/F Contributed Financial Market Lanh Tran Indiana University 505 Do Jumps in Financial Prices Ping Chen Tsai Ping Chen Tsai 1.10c Cluster? Evidence from High- Frequency Data

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 410, 4/F Contributed Financial Market Lanh Tran Indiana University 1013 Carry Trades: How Profitable Po-Hsuan Hsu; The University of Hong Kong Zigan Wang The University of 1.10c They Really Are? Mark Taylor; Warwick Business School Hong Kong Zigan Wang; The University of Hong Kong*

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 410, 4/F Contributed Financial Market Lanh Tran Indiana University 563 How Wave - Wavelet Trading Lanh Tran; Indiana University Lanh Tran Indiana University 1.10c Wins and "Beats'' the Market

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 411, 4/F Contributed Topics in IO I Sergey Novosibirsk State 447 Endogenous Horizontal Longhua Liu; Shandong University Chenhang Zeng RCGEB, Shandong 1.11c Kokovin University, IM SB RAS, Product Differentiation in a X. Henry Wang; University of Missouri-Columbia University NRU Higher School of Mixed Duopoly Chenhang Zeng; RCGEB, Shandong University* Economics

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 411, 4/F Contributed Topics in IO I Sergey Novosibirsk State 677 Property Rights Approach Takuya Nakaizumi; Kanto-Gakuin University Takuya Nakaizumi Kanto-Gakuin 1.11c Kokovin University, IM SB RAS, with Multiple Transactions University NRU Higher School of Economics

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 411, 4/F Contributed Topics in IO I Sergey Novosibirsk State 1267 Dynamic Diminishing Marginal Ke Liu; Hong Kong University of Science and Ke Liu Hong Kong University 1.11c Kokovin University, IM SB RAS, Utility and Tacit Collusion Technology* of Science and NRU Higher School of Yuk-fai Fong; Hong Kong University of Science and Technology Economics Technology

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 411, 4/F Contributed Topics in IO I Sergey Novosibirsk State 1014 Continuous Spatial Sergey Kokovin; Novosibirsk State University, IM Sergey Kokovin Novosibirsk State 1.11c Kokovin University, IM SB RAS, Monopolistic Competition: SB RAS, NRU Higher School of Economics* University, IM SB RAS, NRU Higher School of Matching Goods with NRU Higher School of Economics Consumers Economics

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 501, 5/F Contributed International Trade I Kaiji Gong Stanford University 113 Variety and Quality in Trade Masashige Hamano; Sophia University Masashige Hamano Sophia University 1.12c Dynamics

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 501, 5/F Contributed International Trade I Kaiji Gong Stanford University 592 International Geopolitics Ben Li; Boston College Ben Li Boston College 1.12c

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 501, 5/F Contributed International Trade I Kaiji Gong Stanford University 850 Tariff Protection, Product Xiaolan Zhou; East China Normal University* Xiaolan Zhou East China Normal 1.12c Differentiation and Collusion Caixia Shen; Shanghai University of Finance and University Economics Yanfei Wang; Capital University of Economics and Business Junji Xiao; The Chinese University of Hong Kong Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 501, 5/F Contributed International Trade I Kaiji Gong Stanford University 625 Does Import Competition Kaiji Gong; Stanford University* Kaiji Gong Stanford University 1.12c Induce R&D Reallocation? Rui Xu; International Monetary Fund Evidence from the U.S.

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 502, 5/F Contributed Inequality I Charles Asian Growth Research 1 The Interaction between Chiu-Yu Ko; National University of Singapore Fwu-Chang Yan Hubei University of 1.13c Horioka Institute Technology and Human Fwu-Chang Yan; Hubei University of Economics* Economics Capital under Over-Education Investment

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 502, 5/F Contributed Inequality I Charles Asian Growth Research 177 Fertility Choice, the Bassel Tarbush; University of Oxford Francis Dennig Yale-NUS College 1.13c Horioka Institute Intergenerational Francis Dennig; Yale-NUS College* Transmission of Capital, and Inequality

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 502, 5/F Contributed Inequality I Charles Asian Growth Research 1105 Asymmetries in Earnings, Konstantinos Angelopoulos; University of Glasgow Spyridon Lazarakis University of Glasgow 1.13c Horioka Institute Employment and Wage Risk in Spyridon Lazarakis; University of Glasgow* Great Britain James Malley; University of Glasgow and CESifo

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 502, 5/F Contributed Inequality I Charles Asian Growth Research 837 The Impact of Yoko Niimi; Asian Growth Research Institute Charles Horioka Asian Growth 1.13c Horioka Institute Intergenerational Transfers Charles Horioka; Asian Growth Research Research Institute on Household Wealth Institute* Inequality in Japan and the United States Session 1 Session 3 June 2017 (Sat) 8:30-10:10 503, 5/F Contributed Political Economy of Simon Fan Lingnan University 518 Redistribution, Trade and Antonia Reinecke; FernUniversität in Hagen* Antonia Reinecke FernUniversität in 1.14c International Trade Corruption: An Empirical Hans-Jörg Schmerer; FernUniversität in Hagen, Hagen Assessment IAB Institute for Employment Research, CESifo

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 503, 5/F Contributed Political Economy of Simon Fan Lingnan University 835 Maritime Piracy and Marie-Claire Robitaille; University of Nottingham Marie-Claire Robitaille University of 1.14c International Trade International Trade Ningbo China Nottingham Ningbo China

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 503, 5/F Contributed Political Economy of Simon Fan Lingnan University 1088 Korean Wave and Trade: Pao-Li Chang; Singapore Management University Hyojung Lee Singapore 1.14c International Trade Determinants and Hyojung Lee; Singapore Management University* Management Implications University Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 503, 5/F Contributed Political Economy of Simon Fan Lingnan University 1214 The Effect of China's Political Gregory W. Whitten; Lingnan University Simon Fan Lingnan University 1.14c International Trade Relations on her International Xiaoyi Dai; The Chinese University of Hong Kong Trade Simon Fan; Lingnan University* Yifan Zhang; The Chinese University of Hong Kong

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 504, 5/F Contributed Market with Frictions Yujing Xu The University of Hong 174 Search Frictions in Menghan Xu; Xiamen University Menghan Xu Xiamen University 1.15c Kong Crowdfunding Markets

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 504, 5/F Contributed Market with Frictions Yujing Xu The University of Hong 1304 Matching with Searching Andrew Choi Andrew Choi 1.15c Kong

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 504, 5/F Contributed Market with Frictions Yujing Xu The University of Hong 813 Targeted Search with Yujing Xu; The University of Hong Kong* Yujing Xu The University of 1.15c Kong Horizontal Differentiation in Huanxing Yang; Ohio State University Hong Kong the Marriage Market

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 506, 5/F Contributed Matching and Chiu Yu Ko National University of 310 Evolution of Fairness and Takeshi Nishimura; Komazawa University Yasuhiro Shirata Otaru University of 1.17c Bargaining Singapore Coalition Formation in Three- Akira Okada Commerce Person Ultimatum Games Yasuhiro Shirata; Otaru University of Commerce*

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 506, 5/F Contributed Matching and Chiu Yu Ko National University of 623 Resource-Consuming Gaoji Hu; National University of Singapore* Gaoji Hu National University of 1.17c Bargaining Singapore Deferred Acceptance Ning Sun; Shanghai University of Finance and Singapore Economics Jingsheng Yu; Shanghai University of Finance and Economics Ning Yu; Emory University Session 1 Session 3 June 2017 (Sat) 8:30-10:10 506, 5/F Contributed Matching and Chiu Yu Ko National University of 955 Gender Consistent Resolving Dinko Dimitrov; Saarland University* Dinko Dimitrov Saarland University 1.17c Bargaining Singapore Rules in Marriage Problems Laura Kasper; Saarland University Yongjie Yang; Saarland University

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 506, 5/F Contributed Matching and Chiu Yu Ko National University of 493 Decentralized One-To-Many Chiu Yu Ko; National University of Singapore* Chiu Yu Ko National University of 1.17c Bargaining Singapore Bargaining Duozhe Li; The Chinese University of Hong Kong Singapore

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 507, 5/F Contributed Financial Econometrics I L. Vanessa University of York 781 The Contagion Versus Tae Yoon Kim; Keimyung University* Tae Yoon Kim Keimyung University 1.18c Smith Interdependence Controversy Hee Soo Lee; Sejong University between Hedge Funds and Equity Markets

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 507, 5/F Contributed Financial Econometrics I L. Vanessa University of York 889 Solving the High-Dimensional Mengmeng Ao; Xiamen University* Mengmeng Ao Xiamen University 1.18c Smith Markowitz Optimization Yingying Li; Hong Kong University of Science and Problem: When Sparse Technology Regression Meets Random Xinghua Zheng; Hong Kong University of Science Matrix Theory and Technology Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 507, 5/F Contributed Financial Econometrics I L. Vanessa University of York 959 A Multiple Testing Approach L. Vanessa Smith; University of York L. Vanessa Smith University of York 1.18c Smith to the Regularisation of Large Sample Correlation Matrices

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 508, 5/F Contributed Educational Sau-Him Lau The University of Hong 259 Rational PhD Glut WeiCheng Chen; National Chung Cheng University Yi-Cheng Kao Chung Yuan Christian 1.19c Demography Kong Yi-Cheng Kao; Chung Yuan Christian University* University Pei-Ju Liao; Institute of Economics, Academia Sinica

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 508, 5/F Contributed Educational Sau-Him Lau The University of Hong 811 Monotone Comparative Juergen Meinecke; Australian National University Juergen Meinecke Australian National 1.19c Demography Kong Statics and Partial University Identification: Revisiting Optimal Schooling Choice

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 508, 5/F Contributed Educational Sau-Him Lau The University of Hong 1193 Generalized Glass Ceilings in Khalid Maman Waziri; Aix-Marseille University* Khalid Maman Aix-Marseille 1.19c Demography Kong the United States – A Waziri University Stochastic Metafrontier Approach

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 508, 5/F Contributed Educational Sau-Him Lau The University of Hong 872 Economic-Demographic Sau-Him Lau; The University of Hong Kong Sau-Him Lau The University of 1.19c Demography Kong Dependency Ratio Hong Kong

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 509, 5/F Contributed Inflation and Exchange Hirokazu Osaka University 85 Rethinking the Choice Chi-Young Choi; University of Texas Arlington* Chi-Young Choi University of Texas 1.20c Rate Ishise Between Core and Headline Jianning Kong; Shandong University Arlington Inflation: Does It Matter Donggyu Sul; University of Texas at Dallas Which One to Target?

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 509, 5/F Contributed Inflation and Exchange Hirokazu Osaka University 263 Product Turnover and Kozo Ueda; Waseda University Kozo Ueda Waseda University 1.20c Rate Ishise Deflation: Evidence from Japan

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 509, 5/F Contributed Inflation and Exchange Hirokazu Osaka University 1017 Exchange Rate Pass-Through Huong Le Thu Hoang; Foreign Trade University Kiyotaka Sato Yokohama National 1.20c Rate Ishise in Production Chains: Kiyotaka Sato; Yokohama National University/ University/ Edith Application of Input-Output Edith Cowan University* Cowan University Analysis

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 509, 5/F Contributed Inflation and Exchange Hirokazu Osaka University 578 Inflation as a Long-Run Source Hirokazu Ishise; Osaka University Hirokazu Ishise Osaka University 1.20c Rate Ishise of Comparative Advantage and Welfare Improvement: Neoclassical Trade Implications of Trend Inflation Session 1 Session 3 June 2017 (Sat) 8:30-10:10 510, 5/F Contributed Matching and Market Mengling Li Xiamen University 491 On the Welfare Effects of Yun Liu; Shandong University Yun Liu Shandong University 1.21c Design Affirmative Actions in School Choice

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 510, 5/F Contributed Matching and Market Mengling Li Xiamen University 700 How to Find a Stable and Wataru Ishida Wataru Ishida 1.21c Design Efficient Matching : the Top Trading Cycles Mechanism for Weak Priorities

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 510, 5/F Contributed Matching and Market Mengling Li Xiamen University 861 The Skipping-Down Strategy Toshiji Kawagoe; Future University Hakodate Toshiji Kawagoe Future University 1.21c Design and Stability in School Choice Hakodate Problems with Affirmative Action: Theory and Experiment Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 510, 5/F Contributed Matching and Market Mengling Li Xiamen University 855 Organ Donation Decisions Mengling Li; Xiamen University Mengling Li Xiamen University 1.21c Design under Different Allocation Rules

Session 1 Session 3 June 2017 (Sat) 8:30-10:10 511, 5/F Contributed Volatility and Growth Jaebeom Kim Oklahoma State 233 Transition from a Linear Kiyoka Akimoto; Osaka University* Kiyoka Akimoto Osaka University 1.22c University Economy Toward a Circular Koichi Futagami; Osaka University Economy in the Ramsey Model Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 1 Session 3 June 2017 (Sat) 8:30-10:10 511, 5/F Contributed Volatility and Growth Jaebeom Kim Oklahoma State 464 Medium-Term Sam Tang; University of Western Australia Sam Tang University of Western 1.22c University Macroeconomic Volatility and Australia Economic Development: A New Technique

Chair Session 1 Session 3 June 2017 (Sat) 8:30-10:10 511, 5/F Contributed Volatility and Growth Jaebeom Kim Oklahoma State 73 Financial Development, Jaebeom Kim; Oklahoma State University* Jaebeom Kim Oklahoma State 1.22c University Economic Growth, and Tolina Fufa; Northwest Missouri State University University Convergence Clubs

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 401, 4/F Contributed Family Economics I Jenny Williams University of Melbourne 472 The Cognitive Cost of Daycare Margherita Fort; University of Bologna Giulio Zanella University of Bologna 2.1c 0-2 for Advantaged Families Andrea Ichino; European University Institute Giulio Zanella; University of Bologna*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 401, 4/F Contributed Family Economics I Jenny Williams University of Melbourne 911 Are Children of the Migrants Marjorie Pajaron; University of the Philippines* Marjorie Pajaron University of the 2.1c Better off: Evidence from The Cara Gabrielle T. Latinazo; University of the Philippines Philippines Philippines Enrico G. Trinidad; University of the Philippines

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 401, 4/F Contributed Family Economics I Jenny Williams University of Melbourne 962 Early Cannabis Use and the Jenny Williams; University of Melbourne* Jenny Williams University of 2.1c School to Work Transition of Jan Van Ours; Erasmus School of Economics Melbourne Young Men

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 402, 4/F Contributed Globalization and Masaya Keio University 370 Asset Home Bias in Debtor Ning Zhang; University of Glasgow Ning Zhang University of Glasgow 2.2c Capital Flows Sakuragawa and Creditor Countries

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 402, 4/F Contributed Globalization and Masaya Keio University 901 Are Asset Price Movements Charles K. Leung; City University of Hong Kong* Charles K. Leung City University of 2.2c Capital Flows Sakuragawa Driven by International Joe Ng; City University of Hong Kong Hong Kong Capital Flows? The Case of Siu Fung Matthew Yiu; Hong Kong Monetary Emerging Markets Authority

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 402, 4/F Contributed Globalization and Masaya Keio University 1167 Current Account Dynamics Akihisa Shibata; Kyoto University Takayuki Tsuruga Kyoto Unviersity 2.2c Capital Flows Sakuragawa under Information Rigidity Mototsugu Shintani; University of Tokyo and Imperfect Capital Takayuki Tsuruga; Kyoto Unviersity* Mobility

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 402, 4/F Contributed Globalization and Masaya Keio University 881 Allocation Puzzle and a New Masaya Sakuragawa; Keio University Masaya Sakuragawa Keio University 2.2c Capital Flows Sakuragawa Theory of International Capital Flows

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 403, 4/F Contributed Game Theory and Jian Li McGill University 882 Optimal Design for a Partially Seung Han Yoo; Korea University Seung Han Yoo Korea University 2.3c Applications Informed Auctioneer

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 403, 4/F Contributed Game Theory and Jian Li McGill University 900 Boundedly Rational Backward Shaowei Ke; University of Michigan Shaowei Ke University of 2.3c Applications Induction Michigan

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 403, 4/F Contributed Game Theory and Jian Li McGill University 949 Investment in Outside Option Yuk-fai Fong; Hong Kong University of Science and Xiaoxiao Hu Hong Kong University 2.3c Applications Technology of Science and Xiaoxiao Hu; Hong Kong University of Science and Technology Technology*

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 403, 4/F Contributed Game Theory and Jian Li McGill University 523 Ambiguous Persuasion Jian Li; McGill University Jian Li McGill University 2.3c Applications

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 404, 4/F Contributed Sex Ratio, Family and Junjian Yi National University of 934 Family Planning, Fertility and Shuqiao Sun; University of Michigan Shuqiao Sun University of 2.4c Gender Gaps Singapore Gender Equality: Evidence Michigan from the One-Child Policy and Education in China

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 404, 4/F Contributed Sex Ratio, Family and Junjian Yi National University of 977 Family Planning Policies and Yue Huang; Otto von Guericke University Yue Huang Otto von Guericke 2.4c Gender Gaps Singapore the Sex Ratio at Birth in China Magdeburg University Magdeburg

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 404, 4/F Contributed Sex Ratio, Family and Junjian Yi National University of 1008 Wait and See: Gender Gaps Pau Balart; Universitat de les Illes Balears Matthijs Oosterveen Erasmus University 2.4c Gender Gaps Singapore throughout Cognitive Tests Matthijs Oosterveen; Erasmus University Rotterdam Rotterdam*

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 404, 4/F Contributed Sex Ratio, Family and Junjian Yi National University of 279 Sex-Ratio Imbalance and V Bhaskar; University of Texas Austin Junjian Yi National University of 2.4c Gender Gaps Singapore Premarital Investments: The Wenchao Li; National University of Singapore Singapore Implications of Imperfect Junjian Yi; National University of Singapore* Commitment

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 406, 4/F Contributed Human Capital and Yue Yuan University of Chicago 12 Economic Growth and Trade Abdulaziz Shifa; Syracuse University Abdulaziz Shifa Syracuse University 2.6c Technology Diffusion in Human Capital

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 406, 4/F Contributed Human Capital and Yue Yuan University of Chicago 1215 Technological Transfers, Alexandre Dmitriev; The University of Auckland Alexandre Dmitriev The University of 2.6c Technology Diffusion Limited Commitment and Auckland Growth

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 406, 4/F Contributed Human Capital and Yue Yuan University of Chicago 1307 The Mechanics of Local Yue Yuan; University of Chicago Yue Yuan University of Chicago 2.6c Technology Diffusion Growth: Theory and Evidence from a Large-Scale Skill Relocation Program

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 407, 4/F Contributed Applied Econometrics Feng Yao West Virginia University 322 Dynamic Regret Avoidance Michele Fioretti; University of Southern Michele Fioretti University of 2.7c California* Southern California Alexander Vostroknutov; University of Trento Giorgio Coricelli; University of Southern California

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 407, 4/F Contributed Applied Econometrics Feng Yao West Virginia University 553 Should We Use IV to Estimate Andrew Adrian Pua; Xiamen University Andrew Pua Xiamen University 2.7c Dynamic Linear Probability Adrian Models with Fixed Effects?

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 407, 4/F Contributed Applied Econometrics Feng Yao West Virginia University 1327 A Nonparametric Assessment Arturo Lamadrid; Banco de Mexico* Arturo Lamadrid Banco de Mexico 2.7c of Spillovers in the Bank Nelson Ramirez-Rondan; Universidad del Pacifico Lending Channel

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 407, 4/F Contributed Applied Econometrics Feng Yao West Virginia University 749 Efficient Estimation in Varying Feng Yao; West Virginia University* Feng Yao West Virginia 2.7c Coefficient Panel Data Model Qinling Lu; West Virginia University University with Different Smoothing Junsen Zhang; The Chinese University of Hong Variables and Fixed Effects Kong

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 408, 4/F Contributed Business Cycle and Jiao Wang The Australian National 374 What Cycles? Data Xiaojin Sun; University of Texas at El Paso* Xiaojin Sun University of Texas at 2.8c Monetary Policy University/ The Detrending in Dsge Models Kwok Ping Tsang; Virginia Tech El Paso University of Melbourne Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 2 Session 3 June 2017 (Sat) 10:30-12:10 408, 4/F Contributed Business Cycle and Jiao Wang The Australian National 423 Term Structure, Forecast Donghai Zhang; Universitat Pompeu Fabra Donghai Zhang Universitat Pompeu 2.8c Monetary Policy University/ The Revision and the Information Fabra University of Melbourne Channel of Monetary Policy

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 408, 4/F Contributed Business Cycle and Jiao Wang The Australian National 798 Household Debt, Nurlan Turdaliev; University of Windsor Yahong Zhang University of Windsor 2.8c Monetary Policy University/ The Macroprudential Rules, and Yahong Zhang; University of Windsor* University of Melbourne Monetary Policy

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 408, 4/F Contributed Business Cycle and Jiao Wang The Australian National 650 A Structural Investigation of Jiao Wang; The Australian National University/ Jiao Wang The Australian 2.8c Monetary Policy University/ The the Chinese Economy with a The University of Melbourne* National University/ University of Melbourne Hybrid Monetary Policy Rule Ran Li; Peking University The University of Melbourne

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 409, 4/F Contributed Household Structure Jisoo Hwang Hankuk University of 175 Personality Traits, Intra- Christopher Flinn; New York University Weilong Zhang University of 2.9c and Housework Foreign Studies Household Allocation and the Petra Todd; University of Pennsylvania Pennsylvania Allocation Gender Wage Gap Weilong Zhang; University of Pennsylvania*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 409, 4/F Contributed Household Structure Jisoo Hwang Hankuk University of 284 Does Household Structure Yinghong Zhang; Washington University in St. Yinghong Zhang Washington 2.9c and Housework Foreign Studies Affect the Decision to be Self- Louis University in St. Louis Allocation Employed?

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 409, 4/F Contributed Household Structure Jisoo Hwang Hankuk University of 1281 The Determinants of Safdar Khan; Bond University* Safdar Khan Bond University 2.9c and Housework Foreign Studies Women's Empowerment in Arthur Goldsmith; Washington and Lee University Allocation Pakistan: The Role of Gulasekaran Rajaguru; Bond University Household Formation and Ahmed Khalid; UBD School of Business and Employment Economics Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 409, 4/F Contributed Household Structure Jisoo Hwang Hankuk University of 454 Gender Norms and Jisoo Hwang; Hankuk University of Foreign Jisoo Hwang Hankuk University of 2.9c and Housework Foreign Studies Housework Time Allocation Studies* Foreign Studies Allocation among Dual-Earner Couples Chulhee Lee; Seoul National University Esther Lee; Seoul National University

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 410, 4/F Contributed Information, Risk and Gregory Williams College 143 Measuring Ambiguity Aurélien Baillon; Erasmus University Rotterdam Zhenxing Huang Shanghai University 2.10c Ambiguity Phelan Attitudes for All (Natural) Zhenxing Huang; Shanghai University of Finance of Finance and Events and Economics* Economics Asli Selim; Erasmus University Rotterdam Peter P. Wakkera; Erasmus University Rotterdam Session 2 Session 3 June 2017 (Sat) 10:30-12:10 410, 4/F Contributed Information, Risk and Gregory Williams College 152 Social Discounting and Long- Tangren Feng; University of Michigan* Tangren Feng University of 2.10c Ambiguity Phelan Run Discounting Shaowei Ke; University of Michigan Michigan

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 410, 4/F Contributed Information, Risk and Gregory Williams College 601 Emergence of Populism under Daiki Kishishita; The University of Tokyo Daiki Kishishita The University of 2.10c Ambiguity Phelan Ambiguity Tokyo

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 410, 4/F Contributed Information, Risk and Gregory Williams College 341 Dimensionality and Isaac Loh; Northwestern University Gregory Phelan Williams College 2.10c Ambiguity Phelan Disagreement: Asymptotic Gregory Phelan; Williams College* Belief Divergence in Response to Common Information

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 411, 4/F Contributed Open Macro Goncalo Pina Santa Clara University 74 Conditional PPP and Real Paul Bergin; University of California, Davis Jyh-Lin Wu National Sun Yat-sen 2.11c Exchange Rate Convergence Reuven Glick; Federal Reserve Bank of San University in the Euro Area Francisco Jyh-Lin Wu; National Sun Yat-sen University*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 411, 4/F Contributed Open Macro Goncalo Pina Santa Clara University 93 Sectoral Productivity Matters: Chenyue Hu; University of California, Santa Cruz Chenyue Hu University of 2.11c A New Angle on Equity Home California, Santa Cruz Bias

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 411, 4/F Contributed Open Macro Goncalo Pina Santa Clara University 198 Exchange Rate, Variability of Ming Zeng; Singapore Management University Ming Zeng Singapore 2.11c Pricing Kernels and Management International Return University Predictability

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 411, 4/F Contributed Open Macro Goncalo Pina Santa Clara University 520 Pegxit Pressure Kris Mitchener; Santa Clara University Goncalo Pina Santa Clara University 2.11c Goncalo Pina; Santa Clara University*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 501, 5/F Contributed Topics in Nianqing Liu Shanghai University of 197 Licensing with Patent Rong Ding; University of International Business Rong Ding University of 2.12c Microeconomic Theory Finance and Economics Competition and Economics* International II Chiu Yu Ko; National University of Singapore Business and Economics

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 501, 5/F Contributed Topics in Nianqing Liu Shanghai University of 253 Managing Authority and Akifumi Ishihara; National Graduate Institute for Akifumi Ishihara National Graduate 2.12c Microeconomic Theory Finance and Economics Incentives in Relational Policy Studies (GRIPS) Institute for Policy II Contracts Studies (GRIPS)

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 501, 5/F Contributed Topics in Nianqing Liu Shanghai University of 1300 Non-Discriminatory Bo Chen; Wuhan University* Bo Chen Wuhan University 2.12c Microeconomic Theory Finance and Economics Strategyproof Optimal Dmitriy Knyazev; Bonn University II Auctions

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 501, 5/F Contributed Topics in Nianqing Liu Shanghai University of 966 Nonparametric Tests for Nianqing Liu; Shanghai University of Finance and Nianqing Liu Shanghai University 2.12c Microeconomic Theory Finance and Economics Monotonicity of Bidding Economics* of Finance and II Strategy in First-price Quang Vuong; New York University Economics Auctions

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 502, 5/F Contributed Applied David Ong Peking University HSBC 246 Lost in the Storm: The Fernanda Leite Lopez de Leon; University of Kent* Fernanda Leite Lopez University of Kent 2.13c Microeconomics I - Business School Academic Collaborations that Ben McQuillin; University of East Anglia De Leon Preference and Risk Went Missing in Hurricane Perception Isaac

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 502, 5/F Contributed Applied David Ong Peking University HSBC 642 Rare Events and Risk Renaud Coulomb; University of Melbourne* Renaud Coulomb University of 2.13c Microeconomics I - Business School Perception: Evidence from the Yanos Zylberberg; University of Bristol Melbourne Preference and Risk Fukushima Accident Perception

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 502, 5/F Contributed Applied David Ong Peking University HSBC 1265 Do Supporters Prefer Native Pramod Sur; Osaka University* Pramod Sur Osaka University 2.13c Microeconomics I - Business School Players? Evidence from Masaru Sasaki; Osaka University Preference and Risk Indian Premier League (IPL) Perception

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 502, 5/F Contributed Applied David Ong Peking University HSBC 653 Marrying up: The Tradeoff David Ong; Peking Unversity HSBC Business David Ong Peking University 2.13c Microeconomics I - Business School between Spousal Income and School* HSBC Business School Preference and Risk Spousal Height Yu (Alan) Yang; University of Wisconsin Perception Junsen Zhang; The Chinese University of Hong Kong Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 2 Session 3 June 2017 (Sat) 10:30-12:10 503, 5/F Contributed Matching and Yaping Shan University of Adelaide 890 Decentralizing Assortative Wing Tung Lam; University of British Columbia Wing Tung Lam University of British 2.14c Contracting Matching Using Contingent Columbia Contracts

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 503, 5/F Contributed Matching and Yaping Shan University of Adelaide 1039 Incentive-Compatibility in Zhengqing Gui; Hong Kong University of Science Zhengqing Gui Hong Kong University 2.14c Contracting Financial Contracting with and Technology* of Science and Limited Liability Ernst-Ludwig von Thadden; Universität Mannheim Technology Xiaojian Zhao; Hong Kong University of Science and Technology Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 503, 5/F Contributed Matching and Yaping Shan University of Adelaide 1146 Stock-Based Compensation Yaping Shan; University of Adelaide Yaping Shan University of Adelaide 2.14c Contracting for Research Agents

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 504, 5/F Contributed Financial Market and Yicheng Wang University of Oslo 224 The Real Effects of Household Marco Lombardi; Bank for International Ilhyock Shim Bank for International 2.15c Marco Policy I Debt in the Short and Long Settlements Settlements Run Madhusudan Mohanty; Bank for International Settlements Ilhyock Shim; Bank for International Settlements* Session 2 Session 3 June 2017 (Sat) 10:30-12:10 504, 5/F Contributed Financial Market and Yicheng Wang University of Oslo 569 Does Financial Innovation Bong Geun Choi; University of Chicago Hyun Lee University of 2.15c Marco Policy I Increase Inequality?: A Hyun Lee; University of Connecticut* Connecticut Competitive Search Approach

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 504, 5/F Contributed Financial Market and Yicheng Wang University of Oslo 1128 Reserve Requirements and Chun Chang; Shanghai Advanced Institute of Zheng Liu Federal Reserve Bank 2.15c Marco Policy I Optimal Chinese Stabilization Finance of San Francisco Policy Zheng Liu; Federal Reserve Bank of San Francisco* Mark Spiegel; Federal Reserve Bank of San Francisco Jingyi Zhang; Shanghai Jiao Tong University Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 504, 5/F Contributed Financial Market and Yicheng Wang University of Oslo 793 Macroeconomic Effects of Yicheng Wang; University of Oslo Yicheng Wang University of Oslo 2.15c Marco Policy I Government-Driven Mortgage Guarantee Programs

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 506, 5/F Contributed Firm, Employment, and Nancy Chau Cornell University 250 Development and Selection Ying Feng; University of California, San Diego* Ying Feng University of 2.17c Entrepreneurship into Necessity Versus Lindsay Rickey; University of California, San Diego California, San Diego Opportunity Entrepreneurship

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 506, 5/F Contributed Firm, Employment, and Nancy Chau Cornell University 411 Asset Specificity, Human Hodaka Morita; University of New South Wales Cheng-Tao Tang International 2.17c Entrepreneurship Capital Acquisition, and Labor Cheng-Tao Tang; International University of University of Japan Market Competition Japan*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 506, 5/F Contributed Firm, Employment, and Nancy Chau Cornell University 526 Financial Literacy and Self- Aida Cumurovic; Halle Institute for Economic Aida Cumurovic Halle Institute for 2.17c Entrepreneurship Employment Research (IWH)* Economic Research Walter Hyll; Halle Institute for Economic Research (IWH) (IWH)

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 506, 5/F Contributed Firm, Employment, and Nancy Chau Cornell University 867 Wage Polarization and Nancy Chau; Cornell University Nancy Chau Cornell University 2.17c Entrepreneurship Contract Employment

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 507, 5/F Contributed Theory of Market Masuyuki Yokohama City University 689 A New Characterization of Dong Chul Won; Ajou University Dong Chul Won Ajou University 2.18c Nishijima Equilibrium in a Multi-Period Finance Economy: A Computational Viewpoint

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 507, 5/F Contributed Theory of Market Masuyuki Yokohama City University 759 A Little Good Is Good Enough: Jannis Engel; Karlsruhe Institute of Technology* Jannis Engel Karlsruhe Institute of 2.18c Nishijima Ethical Consumption, Cheap Nora Szech; Karlsruhe Institute of Technology Technology Excuses, and Moral Self- Licensing

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 507, 5/F Contributed Theory of Market Masuyuki Yokohama City University 696 Mixed Duopoly of Vertically Masuyuki Nishijima; Yokohama City University Masuyuki Nishijima Yokohama City 2.18c Nishijima Differentiated Services with University the Maximin Public Firm

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 508, 5/F Contributed Topics in Econometrics I Xuexin Wang Xiamen University 407 Minimum Contrast Empirical Jun Ma; Renmin University of China Zhengfei Yu University of Tsukuba 2.19c Likelihood Manipulation Hugo Jales; Syracuse University Testing for Regression Zhengfei Yu; University of Tsukuba* Discontinuity Design

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 508, 5/F Contributed Topics in Econometrics I Xuexin Wang Xiamen University 516 Controlling the Size of Benedikt Pötscher; University of Vienna David Preinerstorfe University of Aarhus 2.19c Autocorrelation Robust Tests David Preinerstorfer; University of Aarhus* r

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 508, 5/F Contributed Topics in Econometrics I Xuexin Wang Xiamen University 1306 A Simple Portmanteau Test Xuexin Wang; Xiamen University Xuexin Wang Xiamen University 2.19c for Time Series Models with Weak Innovations

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 508, 5/F Contributed Topics in Econometrics I Xuexin Wang Xiamen University 571 Locally Robust Victor Chernozhukov; Massachusetts Institute of Hidehiko Ichimura The University of 2.19c Semiparametric Estimation Technology Tokyo Juan Carlos Escanciano; Indiana University Hidehiko Ichimura; The University of Tokyo* Whitney Newey; Massachusetts Institute of Technology Session 2 Session 3 June 2017 (Sat) 10:30-12:10 509, 5/F Contributed Topics in Xiaojian Zhao Hong Kong University of 606 General Screening Contracts Naoki Kojima; Fukuoka University Naoki Kojima Fukuoka University 2.20c Microeconomic Theory Science and Technology to Budget-Constrained I Agents

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 509, 5/F Contributed Topics in Xiaojian Zhao Hong Kong University of 989 Dynamic Inconsistency in Shuguang Zhu; Toulouse School of Economics Shuguang Zhu Toulouse School of 2.20c Microeconomic Theory Science and Technology Collective Decision Economics I

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 509, 5/F Contributed Topics in Xiaojian Zhao Hong Kong University of 1048 Curbing Obfuscation: Yiquan Gu; University of Liverpool* Yiquan Gu University of 2.20c Microeconomic Theory Science and Technology Empower Consumers or Tobias Wenzel; University of Bath Liverpool I Regulate Firms?

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 509, 5/F Contributed Topics in Xiaojian Zhao Hong Kong University of 483 Sunk Cost as a Self- Fuhai Hong; Nanyang Technological University Xiaojian Zhao Hong Kong University 2.20c Microeconomic Theory Science and Technology Management Device Wei Huang; Wuhan University of Science and I Xiaojian Zhao; Hong Kong University of Science Technology and Technology*

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 510, 5/F Contributed Trade Policy Thomas Kuhn University of Chemnitz 232 Can Cleaner Environment Ioanna Pantelaiou; Athens University of Panos Hatzipanayot Athens University of 2.21c Promote International Trade?: Economics and Business ou Economics and Environmental Policies as Panos Hatzipanayotou; Athens University of Business Exports Promoting Economics and Business* Mechanisms Panagiotis Konstantinou; Athens University of Economics and Business Session 2 Session 3 June 2017 (Sat) 10:30-12:10 510, 5/F Contributed Trade Policy Thomas Kuhn University of Chemnitz 703 The Dynamic Impact of Jae Wook Jung; Korea Institute for International Jae Wook Jung Korea Institute for 2.21c International Trade Economic Policy (KIEP) International Liberalization: Entry Timing of Economic Policy Exporters and Financial (KIEP) Development Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 2 Session 3 June 2017 (Sat) 10:30-12:10 510, 5/F Contributed Trade Policy Thomas Kuhn University of Chemnitz 1173 Tariff Cooperation in Free Joseph Mai; Tongji Unversity* Joseph Mai Tongji Unversity 2.21c Trade Areas Andrey Stoyanov; York University

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 510, 5/F Contributed Trade Policy Thomas Kuhn University of Chemnitz 1289 Self-Enforcing Climate Thomas Kuhn; University of Chemnitz* Thomas Kuhn University of 2.21c Coalitions and Preferential Radomir Pestow; University of Technology Chemnitz Free Trade Arrangements Chemnitz Anja Zenker; University of Technology Chemnitz

Session 2 Session 3 June 2017 (Sat) 10:30-12:10 511, 5/F Contributed Asset Price and Andrea Ajello Federal Reserve Board 502 Asset Price Bubbles and the Haozhou Tang; Universitat Pompeu Fabra Haozhou Tang Universitat Pompeu 2.22c Monetary Policy Distribution of Firms: A Fabra Theory of Economic Expansions with an Application to Spain Session 2 Session 3 June 2017 (Sat) 10:30-12:10 511, 5/F Contributed Asset Price and Andrea Ajello Federal Reserve Board 672 What Prices Should Be Kazuki Hiraga; Tokai University Kazuki Hiraga Tokai University 2.22c Monetary Policy Targeted by a Central Bank? - A Case in Vat Increase -

Chair Session 2 Session 3 June 2017 (Sat) 10:30-12:10 511, 5/F Contributed Asset Price and Andrea Ajello Federal Reserve Board 1189 Term Premium, Credit Risk Andrea Ajello; Federal Reserve Board Andrea Ajello Federal Reserve 2.22c Monetary Policy Premium, and Monetary Board Policy

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 401, 4/F Contributed State Capacity and Ben Li The University of 397 State Capacity and China’s Hua Cheng; University of Texas at Austin Kishore Gawande University of Texas, 3.1c Government Debt Western Australia Economic Development Kishore Gawande; University of Texas at Austin* Austin

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 401, 4/F Contributed State Capacity and Ben Li The University of 1015 Subnational Debt of China: Haoyu Gao; Central University of Finance and Dragon Tang The University of 3.1c Government Debt Western Australia The Politics-Finance Nexus Economics Hong Kong Hong Ru; Nanyang Technological University Dragon Tang; The University of Hong Kong*

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 401, 4/F Contributed State Capacity and Ben Li The University of 1037 Government Debt and Bei Li; the University of Western Australia* Bei Li The University of 3.1c Government Debt Western Australia Education Subsidies under Jie Zhang; National University of Singapore Western Australia Labor-Income Taxes in a Dynastic Model with Leisure, Fertility, and Human Capital Externalities Session 3 Session 3 June 2017 (Sat) 15:10-16:50 402, 4/F Contributed Liquidity and Monetary Ji Zhang Tsinghua University 1145 Adverse Selection, Liquidity Qingqing Cao; Michigan State University Qingqing Cao Michigan State 3.2c Policy Shortage, and Government University Liquidity Facilities

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 402, 4/F Contributed Liquidity and Monetary Ji Zhang Tsinghua University 1194 Inequality and Monetary Seongeun Kim; Brandeis University Seongeun Kim Brandeis University 3.2c Policy Policy

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 402, 4/F Contributed Liquidity and Monetary Ji Zhang Tsinghua University 1283 Information Effect as a Factor Chengcheng Jia; Columbia University Chengcheng Jia Columbia University 3.2c Policy in Monetary Policy Decisions

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 402, 4/F Contributed Liquidity and Monetary Ji Zhang Tsinghua University 602 A Shadow Rate New Jing Cynthia Wu; University of Chicago Ji Zhang Tsinghua University 3.2c Policy Keynesian Model Ji Zhang; Tsinghua University*

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 404, 4/F Contributed Technology Diffusion Jingong Huang University of Melbourne 1178 Spillovers, Adoption and Stephen Ayerst; University of Toronto Stephen Ayerst University of Toronto 3.4c and Growth Technology Composition

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 404, 4/F Contributed Technology Diffusion Jingong Huang University of Melbourne 1186 Knowledge Creation and Liyan Shi; University of California, Los Angeles* Liyan Shi University of 3.4c and Growth Diffusion with Limited Hugo A. Hopenhayn; University of California, Los California, Los Appropriation Angeles Angeles

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 404, 4/F Contributed Technology Diffusion Jingong Huang University of Melbourne 86 Technology Network Jingong Huang; University of Melbourne Jingong Huang University of 3.4c and Growth Innovation and Distribution Melbourne

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 406, 4/F Contributed Corporate Governance Jing Xing Shanghai Jiao Tong 286 Board Diversity and Director Seil Kim; Baruch College Seungjoon Oh Peking University 3.6c University Dissent in Corporate Boards Seungjoon Oh; Peking University*

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 406, 4/F Contributed Corporate Governance Jing Xing Shanghai Jiao Tong 930 Taxes, Corporate Takeovers, Kazuki Onji; Osaka University Kazuki Onji Osaka University 3.6c University and Step Transactions

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 406, 4/F Contributed Corporate Governance Jing Xing Shanghai Jiao Tong 1090 The Relationship between Georgios Petropoulos; Bruegel and Toulouse Georgios Petropoulos Bruegel and Toulouse 3.6c University Competition and Innovation School of Economics School of Economics under the Presence of Firms' Financial Constraints

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 406, 4/F Contributed Corporate Governance Jing Xing Shanghai Jiao Tong 925 Extreme Governance and Tax Iftekhar Hasan; Fordham University Jing Xing Shanghai Jiao Tong 3.6c University Aggressiveness Jing Xing; Shanghai Jiao Tong University* University Hui Zhou; University of Melbourne

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 407, 4/F Contributed Model Uncertainty and Siyang Xiong University of Bristol 238 The Market for Conflicted Briana Chang; University of Wisconsin–Madison Martin Szydlowski University of 3.7c Information Design Advice Martin Szydlowski; University of Minnesota* Minnesota

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 407, 4/F Contributed Model Uncertainty and Siyang Xiong University of Bristol 347 Mechanism Design with Huiyi Guo; The University of Iowa Huiyi Guo The University of 3.7c Information Design Ambiguous Transfers Iowa

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 407, 4/F Contributed Model Uncertainty and Siyang Xiong University of Bristol 1059 When to Drop a Bombshell Gabriele Gratton; University of New South Wales Anton Kolotilin University of New 3.7c Information Design Richard Holden; University of New South Wales South Wales Anton Kolotilin; University of New South Wales*

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 407, 4/F Contributed Model Uncertainty and Siyang Xiong University of Bristol 116 Designing (BREXIT) Siyang Xiong; University of Bristol Siyang Xiong University of Bristol 3.7c Information Design Referendum: An Economist’s Pessimistic Perspective

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 408, 4/F Contributed Optimal Contracts Rongzhu Ke The Chinese University of 48 Endogenous Favouritism, Oindrila Dey; FLAME Univeristy, Pune, India* Oindrila Dey FLAME Univeristy, 3.8c Hong Kong Status Incentives and Optimal Swapnendu Banerjee; Jadavpur University Pune, India Efficiency Sougata Poddar; University of Redsland

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 408, 4/F Contributed Optimal Contracts Rongzhu Ke The Chinese University of 1131 Endogenous Correlation and Pierre Fleckinger; MINES ParisTech/ Paris School Pierre Fleckinger MINES ParisTech/ 3.8c Hong Kong Moral Hazard of Economy* Paris School of Rene Kirkegaard; University of Guelph Economy Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 3 Session 3 June 2017 (Sat) 15:10-16:50 408, 4/F Contributed Optimal Contracts Rongzhu Ke The Chinese University of 1221 Existence of Optimal Xinyi Xu; The Chinese University of Hong Kong* Xinyi Xu The Chinese 3.8c Hong Kong Deterministic Contracts in Rongzhu Ke; The Chinese University of Hong Kong University of Hong Moral Hazard Problems Kong

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 408, 4/F Contributed Optimal Contracts Rongzhu Ke The Chinese University of 1004 A General Solution Method Rongzhu Ke; The Chinese University of Hong Kong Rongzhu Ke The Chinese 3.8c Hong Kong for Moral Hazard Problems University of Hong Kong

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 409, 4/F Contributed Women's Power Paulo Santos Monash University 572 Bride Price Inflation under Sex Chao Liang; Shandong University Chao Liang Shandong University 3.9c Ratio Imbalance: Theory and Evidence from Charls

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 409, 4/F Contributed Women's Power Paulo Santos Monash University 712 From Ultimogeniture to Danli Wang; Shanghai University of International Danli Wang Shanghai University 3.9c Primogeniture: Women's Business and Economics* of International Fertility or Virginity Wen Zhou; University of Hong Kong Business and Economics

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 409, 4/F Contributed Women's Power Paulo Santos Monash University 956 Empowering Women by Hisaki Kono; Kyoto University* Hisaki Kono Kyoto University 3.9c Beauty and Health Minhaj Mahmud; Bangladesh Institute of Knowledge: Evidence from Development Studies Bangladesh Nahoko Mitsuyama; The University of Tokyo Yasuyuki Sawada; The University of Tokyo Tomomi Tanaka; National Graduate Institute for Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 409, 4/F Contributed Women's Power Paulo Santos Monash University 878 Not Compromising: Using Vilas Gobin; Monash University Paulo Santos Monash University 3.9c Experiments to Measure Paulo Santos; Monash University* Women's Power

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 410, 4/F Contributed Capital Structure, Albert Zevelev Baruch CUNY 409 The Role of Contingent Capital Suxiu Yu; Toulouse School of Economics Suxiu Yu Toulouse School of 3.10c Banking And Financial Structure in Signaling and Economics Crisis Information Disclosure

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 410, 4/F Contributed Capital Structure, Albert Zevelev Baruch CUNY 658 Systemic Bank Panics in Zhen Zhou; Tsinghua University Zhen Zhou Tsinghua University 3.10c Banking And Financial Financial Networks Crisis

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 410, 4/F Contributed Capital Structure, Albert Zevelev Baruch CUNY 1149 Does Collateral Value Affect Albert Zevelev; Baruch CUNY Albert Zevelev Baruch CUNY 3.10c Banking And Financial Asset Prices? Evidence from a Crisis Natural Experiment in Texas

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 411, 4/F Contributed Financial Market and Paul Luk Hong Kong Baptist 8 The Impact of Credit and Carlos Yepez; University of Manitoba Carlos Yepez University of 3.11c Marco Policy II University Fiscal Policy under a Liquidity Manitoba Trap

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 411, 4/F Contributed Financial Market and Paul Luk Hong Kong Baptist 527 Stock Market Volatility: Togba Yves; Pusan National University Boboy Togba Pusan National 3.11c Marco Policy II University Business Cycle and University Uncertainty

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 411, 4/F Contributed Financial Market and Paul Luk Hong Kong Baptist 690 Macroeconomic Yun Liao; University of Macau* Yun Liao University of Macau 3.11c Marco Policy II University Disagreement, Economy and Jacky Yu Chow So; University of Macau Financial Market

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 411, 4/F Contributed Financial Market and Paul Luk Hong Kong Baptist 400 Global Banks, International Paul Luk; Hong Kong Baptist University Paul Luk Hong Kong Baptist 3.11c Marco Policy II University Business Cycles and Monetary University Policy

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 501, 5/F Contributed Firms and Market Jean-Etienne Queen's University 280 Endogenous Private Sumi Cho; Chonnam National University Sang-Ho Lee Chonnam National 3.12c Structure de Bettignies Leadership Competition with Sang-Ho Lee; Chonnam National University* University Social Enterprises under Subsidization

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 501, 5/F Contributed Firms and Market Jean-Etienne Queen's University 610 Endogenous Transparency: An Kaihua Deng; Renmin University of China Kaihua Deng Renmin University of 3.12c Structure de Bettignies Economic Analysis of China Behavioral and Cultural Impact on Firm Disclosure

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 501, 5/F Contributed Firms and Market Jean-Etienne Queen's University 614 Impacts of Technological Gap Y. Zhang; University of Macau Weihong Huang Nanyang 3.12c Structure de Bettignies in Heterogeneous Oligopoly Weihong Huang; Nanyang Technological Technological University* University

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 501, 5/F Contributed Firms and Market Jean-Etienne Queen's University 1073 Product Market Competition, Jean-Etienne de Bettignies; Queen's University* Jean-Etienne de Bettignies Queen's University 3.12c Structure de Bettignies Managerial Talent, and John Ries; University of British Columbia Innovation

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 502, 5/F Contributed Optimal Contract Xue Qiao Hong Kong Baptist 97 Optimal Contest Design with Bin Liu; The Chinese University of Hong Kong, Bin Liu The Chinese 3.13c University/ Tsinghua Incomplete Information: The Shenzhen* University of Hong University Role of Negative Prizes Jingfeng Lu; National University of Singapore Kong, Shenzhen Ruqu Wang; Queen's University Jun Zhang; University of Technology Sydney Session 3 Session 3 June 2017 (Sat) 15:10-16:50 502, 5/F Contributed Optimal Contract Xue Qiao Hong Kong Baptist 211 Liability Insurance: Jorge Lemus; University of Illinois Urbana Emil Temnyalov University of 3.13c University/ Tsinghua Equilibrium Contracts under Champaign Technology Sydney University Monopoly and Competition Emil Temnyalov; University of Technology Sydney* John Turner; University of Georgia Session 3 Session 3 June 2017 (Sat) 15:10-16:50 502, 5/F Contributed Optimal Contract Xue Qiao Hong Kong Baptist 249 Optimal Retirement Policies Pei Cheng Yu; University of New South Wales Pei Cheng Yu University of New 3.13c University/ Tsinghua with Time-Inconsistent South Wales University Agents

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 502, 5/F Contributed Optimal Contract Xue Qiao Hong Kong Baptist 819 On the Paradox of Mediocracy Qiang Fu; National University of Singapore Xue Qiao Hong Kong Baptist 3.13c University/ Tsinghua Ming Li; Concordia University and CIREQ University/ Tsinghua University Xue Qiao; Hong Kong Baptist University/ Tsinghua University University*

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 503, 5/F Contributed Comovement and Gonzalo Central Bank of Chile 107 Investment Shocks, Daeha Cho; Boston University Daeha Cho Boston University 3.14c Propagations in Castex Unemployment Risk, and Business Cycle Macroeconomic Comovement

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 503, 5/F Contributed Comovement and Gonzalo Central Bank of Chile 1066 Mergers and Acquisitions, and Lan Lan; Toulouse School of Economics Lan Lan Toulouse School of 3.14c Propagations in Castex the Propagations in Economics Business Cycle Production Networks

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 503, 5/F Contributed Comovement and Gonzalo Central Bank of Chile 1318 Multi-Product Firms and the Diyue Guo; University of Maryland-College Park Diyue Guo University of 3.14c Propagations in Castex Business Cycle Maryland-College Business Cycle Park

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 503, 5/F Contributed Comovement and Gonzalo Central Bank of Chile 747 Technological Change, Gonzalo Castex; Central Bank of Chile* Gonzalo Castex Central Bank of Chile 3.14c Propagations in Castex Business Cycle and the Wage Evgenia Dechter; University of New South Wales Business Cycle Structure Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 3 Session 3 June 2017 (Sat) 15:10-16:50 504, 5/F Contributed ICT Industries C. Matthew The Chinese University of 88 Transition from Copper to Julienne Liang; Orange Julienne Liang Orange 3.15c Shi Hong Kong Fiber Broadband: The Role of Connection Speed and Switching Costs

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 504, 5/F Contributed ICT Industries C. Matthew The Chinese University of 586 Identifying Competitive Mariko Watanabe; Gakushuin University Mariko Watanabe Gakushuin University 3.15c Shi Hong Kong Neutrality of Soes in China

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 504, 5/F Contributed ICT Industries C. Matthew The Chinese University of 598 Estimating The Effects of File- Zhuang Liu; University of Western Ontario Zhuang Liu University of Western 3.15c Shi Hong Kong Sharing on Movie Box-Office Ontario

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 504, 5/F Contributed ICT Industries C. Matthew The Chinese University of 605 Matching with Conflicts: An Daisy Dai; Lehigh University Daisy Dai Lehigh University 3.15c Shi Hong Kong Application to the Advertising Industry

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 506, 5/F Contributed Intergenerational Kanghyock Ulsan National Institute 451 Intergenerational Persistence Hsiu-Fen Hsu; National Taipei University Hsiu-Fen Hsu National Taipei 3.17c Mobility and Transfer Koh of Science and in Latent Socioeconomic University Technology Status: Evidence from Taiwan

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 506, 5/F Contributed Intergenerational Kanghyock Ulsan National Institute 766 Dynastic Human Capital, Adrian Adermon; IFAU, Uppsala University Mikael Lindahl University of 3.17c Mobility and Transfer Koh of Science and Inequality and Mikael Lindahl; University of Gothenburg* Gothenburg Technology Intergenerational Mobility Mårten Palme; Stockholm University

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 506, 5/F Contributed Intergenerational Kanghyock Ulsan National Institute 975 Share the Love: Parental Bias, Theophile Azomahou; Maastricht University and Yoseph Getachewn University of Pretoria 3.17c Mobility and Transfer Koh of Science and Women Empowerment and UNU-MERIT Technology Intergenerational Mobility Yoseph Getachew; University of Pretoria* Eleni Yitbarek; University of Pretoria

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 506, 5/F Contributed Intergenerational Kanghyock Ulsan National Institute 410 Does a Governmental Public Kanghyock Koh; Ulsan National Institute of Kanghyock Koh Ulsan National 3.17c Mobility and Transfer Koh of Science and Transfer Program Crowd Out Science and Technology* Institute of Science Technology Intergenerational Transfers? Hyunjoo Yang; Korea Development Institute and Technology Evidence from South Korea

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 507, 5/F Contributed Optimal Monetary Woong Yong Seoul National University 1005 The Role of the Inflation Yunjong Eo; The University of Sydney* Yunjong Eo University of Sydney 3.18c Policy in Open Park Target Adjustment in Denny Lie; The University of Sydney Economies Stabilization Policy

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 507, 5/F Contributed Optimal Monetary Woong Yong Seoul National University 1061 Optimal Monetary Policy in a Xiaoshan Chen; Durham University Jilei Huang Shandong University 3.18c Policy in Open Park New Keynesian Model with Jilei Huang; Shandong University* Economies Bond and Credit Market Campbell Leith; University of Glasgow Frictions

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 507, 5/F Contributed Optimal Monetary Woong Yong Seoul National University 763 Global Spillover Effects of US Saroj Bhattarai; University of Texas at Austin Woong Yong Park Seoul National 3.18c Policy in Open Park Uncertainty Arpita Chatterjee; The University of New South University Economies Wales Woong Yong Park; Seoul National University*

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 508, 5/F Contributed Trade Policy and Gains Tomohiro Ara Fukushima University 353 Estimating Disparity in Ching-Mu Chen; Academia Sinica* Ching-Mu Chen Academia Sinica 3.19c from Trade Welfare Gains from Trade Shin-Kun Peng; Academia Sinica between Firm Owners and Wen-Jen Tsay; Academia Sinica Workers

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 508, 5/F Contributed Trade Policy and Gains Tomohiro Ara Fukushima University 775 Harmful Pro-Competitive Pavel Molchanov; NRU HSE; Aix-Marseille Pavel Molchanov NRU HSE; Aix- 3.19c from Trade Effects of Trade under University* Marseille University Classical Monopolistic Igor Bykadorov; IM SB RAS, NSU, NSUEM Competition Andrea Ellero; Ca' Foscari University of Venice Stefania Funari; Ca'Foscari University of Venice Sergey Kokovin; Novosibirsk State University, IM Session 3 Session 3 June 2017 (Sat) 15:10-16:50 508, 5/F Contributed Trade Policy and Gains Tomohiro Ara Fukushima University 936 Entrepreneurial Income Lixin Tang; Shanghai University of Finance and Lixin Tang Shanghai University 3.19c from Trade Inequality, Aggregate Saving Economics of Finance and and the Gains from Trade Economics

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 508, 5/F Contributed Trade Policy and Gains Tomohiro Ara Fukushima University 907 Tariffs, Vertical Oligopoly and Tomohiro Ara; Fukushima University Tomohiro Ara Fukushima University 3.19c from Trade Market Structure

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 509, 5/F Contributed Preferences and Zhe Yang University of Alabama 60 Information-Dependent Yucheng Liang; Stanford Graduate School of Yucheng Liang Stanford Graduate 3.20c Decisions Expected Utility Business School of Business

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 509, 5/F Contributed Preferences and Zhe Yang University of Alabama 265 What Generates the Strong Xing Guo; University of Michigan Xing Guo University of 3.20c Decisions Inertia of Households in Michigan Rebalancing their Portfolio: Attention Cost or Adjustment Cost Session 3 Session 3 June 2017 (Sat) 15:10-16:50 509, 5/F Contributed Preferences and Zhe Yang University of Alabama 706 Leadership in the Prisoner’s Koji Abe; Kobe University* Koji Abe Kobe University 3.20c Decisions Dilemma with Inequity-Averse Hajime Kobayashi; Kansai University Preferences Hideo Suehiro; Kobe University

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 509, 5/F Contributed Preferences and Zhe Yang University of Alabama 1199 Risk Attitudes and Paan Jindapon; University of Alabama Zhe Yang University of Alabama 3.20c Decisions Heterogeneity in Zhe Yang; University of Alabama* Simultaneous and Sequential Contests

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 510, 5/F Contributed Tax Policies I Takero Doi Keio University 326 Present bias and Pareto- Minwook Kang; Nanyang Technological University Minwook Kang Nanyang 3.21c improving tax policies Technological University

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 510, 5/F Contributed Tax Policies I Takero Doi Keio University 671 Idiosyncratic Risk and Insook Lee; Peking University Insook Lee Peking University 3.21c Acyclically Increasing Public Debt

Session 3 Session 3 June 2017 (Sat) 15:10-16:50 510, 5/F Contributed Tax Policies I Takero Doi Keio University 1159 Optimal Income Taxation in Minchung Hsu; National Graduate Institute for Minchung Hsu National Graduate 3.21c Developing Economies Policy Studies (GRIPS)* Institute for Policy Kwadwo Opoku; National Graduate Institute for Studies (GRIPS) Policy Studies (GRIPS)

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 510, 5/F Contributed Tax Policies I Takero Doi Keio University 893 Tax Incidence in Base Shifting Takero Doi; Keio University Takero Doi Keio University 3.21c from Corporate Income to Labor Cost: A Simulation of the Dynamic Effects of Corporate Tax Reform in Japan Session 3 Session 3 June 2017 (Sat) 15:10-16:50 511, 5/F Contributed Modelling in Finance Dinghai Xu University of Waterloo 120 A Marked Point Process Rodrigo Herrera; Universidad de Talca* Rodrigo Herrera Universidad de Talca 3.22c Model for Intraday Financial Adam Clements; Queensland University of Returns: Modelling Extreme Technology Risk Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 3 Session 3 June 2017 (Sat) 15:10-16:50 511, 5/F Contributed Modelling in Finance Dinghai Xu University of Waterloo 434 Option Pricing with High- Hyojin Han; Brown University Hyojin Han Brown University 3.22c Frequency-Based Affine Stochastic Volatility (HEAVY- SV) Models

Chair Session 3 Session 3 June 2017 (Sat) 15:10-16:50 511, 5/F Contributed Modelling in Finance Dinghai Xu University of Waterloo 236 On a Threshold Realized Dinghai Xu; University of Waterloo Dinghai Xu University of 3.22c GARCH Model Waterloo

Session 4 Session 4 June 2017 8:30-10:10 401, 4/F Contributed Uncertainty and Dun Jia Renmin University of 165 Gray's Anatomy: Roberto Samaniego; George Washington Juliana Yu Sun Singapore 4.1c (Sun) Business Cycle China Understanding Uncertainty University Management Using Industry Growth Data Juliana Sun; Singapore Management University* University

Session 4 Session 4 June 2017 8:30-10:10 401, 4/F Contributed Uncertainty and Dun Jia Renmin University of 733 Uncertainty Shocks and Valentina Colombo; University of Verona* Valentina Colombo University of Verona 4.1c (Sun) Business Cycle China Monetary Policies Alessia Paccagnini; University College Dublin

Chair Session 4 Session 4 June 2017 8:30-10:10 401, 4/F Contributed Uncertainty and Dun Jia Renmin University of 652 Uncertain Fundamentals or Dun Jia; Renmin University of China Dun Jia Renmin University of 4.1c (Sun) Business Cycle China Uncertain Policy: Strategic China Imprecision of Central Bank’s Communications

Session 4 Session 4 June 2017 8:30-10:10 402, 4/F Contributed Education Economics I Stephen Pennsylvania State 384 Do Standardized Tests Hurt Yan Lau; Reed College Yan Lau Reed College 4.2c (Sun) Yeaple University Student Learning? Causal Evidence from a Natural Experiment

Session 4 Session 4 June 2017 8:30-10:10 402, 4/F Contributed Education Economics I Stephen Pennsylvania State 474 Can Education Make Us Tat-kei Lai; IÉSEG School of Management* Tat-kei Lai IÉSEG School of 4.2c (Sun) Yeaple University Corrupt? Travis Ng; The Chinese University of Hong Kong Management

Session 4 Session 4 June 2017 8:30-10:10 402, 4/F Contributed Education Economics I Stephen Pennsylvania State 475 Individualized Self-learning Yasuyuki Sawada; Asian Development Bank Mai Seki Japan International 4.2c (Sun) Yeaple University Program to Improve Primary An Le; The University of Tokyo Cooperation Agency Education: Evidence from a Minhaj Mahmud; Bangladesh Institute of Randomized Field Experiment Development Studies in Bangladesh Mai Seki; Japan International Cooperation Agency* Chair Session 4 Session 4 June 2017 8:30-10:10 402, 4/F Contributed Education Economics I Stephen Pennsylvania State 517 Educational Quality along Chong Xiang; Purdue University Stephen Yeaple Pennsylvania State 4.2c (Sun) Yeaple University Multiple Dimensions: A Cross- Stephen Yeaple; Pennsylvania State University* University Country Analysis

Session 4 Session 4 June 2017 8:30-10:10 404, 4/F Contributed Information Acquisition Tsz-Ning Wong Aalto University 201 Referral and Inspection Henry Lin; Boston University Henry Lin Boston University 4.4c (Sun)

Session 4 Session 4 June 2017 8:30-10:10 404, 4/F Contributed Information Acquisition Tsz-Ning Wong Aalto University 908 Communication Enhancement Hitoshi Sadakane; Kyoto University* Hitoshi Sadakane Kyoto University 4.4c (Sun) through Information Yasuyuki Miyahara; Kobe University Acquisition by Uninformed Player

Session 4 Session 4 June 2017 8:30-10:10 404, 4/F Contributed Information Acquisition Tsz-Ning Wong Aalto University 1028 Agent Information Acquisition Yuk-fai Fong; Hong Kong University of Science and Xiaoxuan Meng Hong Kong University 4.4c (Sun) and Utilization in Relational Technology of Science and Contracts Xiaoxiao Hu; Hong Kong University of Science and Technology Technology Xiaoxuan Meng; Hong Kong University of Science and Technology* Chair Session 4 Session 4 June 2017 8:30-10:10 404, 4/F Contributed Information Acquisition Tsz-Ning Wong Aalto University 1050 Dynamic Expert Incentives: Tsz-Ning Wong; Aalto University* Tsz-Ning Wong Aalto University 4.4c (Sun) Complementarity and Lily Ling Yang; University of Sydney Substitutivity in Information Acquisition

Session 4 Session 4 June 2017 8:30-10:10 406, 4/F Contributed Topics in Myungkyu Sogang University 521 How Do People Trade Lucas Kwok Ping Tsang; Virginia Tech* Kwok Ping Tsang Virginia Tech 4.6c (Sun) Microeconomic Theory Shim Trees? Gerelt Tserenjigmid; Virginia Tech III

Session 4 Session 4 June 2017 8:30-10:10 406, 4/F Contributed Topics in Myungkyu Sogang University 935 An Equilibrium Search Model Nuray Akin; Ozyegin University* Nuray Akin Ozyegin University 4.6c (Sun) Microeconomic Theory Shim of Fire Sales Brennan Platt; Brigham Young University III

Chair Session 4 Session 4 June 2017 8:30-10:10 406, 4/F Contributed Topics in Myungkyu Sogang University 1016 Financial Prices and Myungkyu Shim; Sogang University Myungkyu Shim Sogang University 4.6c (Sun) Microeconomic Theory Shim Equilibrium Uniqueness in III Global Games Models of Crises

Session 4 Session 4 June 2017 8:30-10:10 407, 4/F Contributed Household Finance Guodong Chen New York University 425 Peer-To-Peer Lending and Huan Tang; HEC Paris Huan Tang HEC Paris 4.7c (Sun) Shanghai Access to Credit

Session 4 Session 4 June 2017 8:30-10:10 407, 4/F Contributed Household Finance Guodong Chen New York University 751 Household Portfolio Choice Ran Lyng; Aarhus University Jie Zhou Bank of Canada 4.7c (Sun) Shanghai before and after House Jie Zhou; Bank of Canada* Purchase

Session 4 Session 4 June 2017 8:30-10:10 407, 4/F Contributed Household Finance Guodong Chen New York University 1244 Does Hedging Matter for Li Bao; University of Macau William Cheung University of Macau 4.7c (Sun) Shanghai Household Finance? Evidence William Cheung; University of Macau* from Hedging Housing Price Stephan Unger; University of Vienna Risks with Exchange Traded Options Chair Session 4 Session 4 June 2017 8:30-10:10 407, 4/F Contributed Household Finance Guodong Chen New York University 178 Forced Retirement Risk and Guodong Chen; New York University Shanghai* Guodong Chen New York University 4.7c (Sun) Shanghai Portfolio Choice Minjoon Lee; Carleton University Shanghai Tong-Yob Nam; Office of the Comptroller of the Currency

Session 4 Session 4 June 2017 8:30-10:10 408, 4/F Contributed Policy, Environment David Jacks Simon Fraser University 318 When Power Plants Leave Deng Guoying; Sichuan University Manuel Hernandez The International 4.8c (Sun) and Health and NBER Town: Environmental Quality Manuel Hernandez; The International Food Policy Food Policy Research and the Housing Market in Research Institute (IFPRI)* Institute (IFPRI) China Shu Xu; Southwestern University of Finance and Economics Session 4 Session 4 June 2017 8:30-10:10 408, 4/F Contributed Policy, Environment David Jacks Simon Fraser University 942 Access to Water Li Li; National University of Singapore* Li Li National University of 4.8c (Sun) and Health and NBER Infrastructure in Utero and Yun Xiao; National University of Singapore Singapore Childhood Well-Being: Evidence from Rural China

Session 4 Session 4 June 2017 8:30-10:10 408, 4/F Contributed Policy, Environment David Jacks Simon Fraser University 991 Demophobia: A Shock of Mers Hailey Hayeon Joo; Sogang University* Hailey Hayeon Joo Sogang University 4.8c (Sun) and Health and NBER and Changes in Shopping Hyoung-Goo Kang; Hanyang University Patterns Jungmin Lee; Seoul National University & IZA

Chair Session 4 Session 4 June 2017 8:30-10:10 408, 4/F Contributed Policy, Environment David Jacks Simon Fraser University 185 Infant Mortality and the David Jacks; Simon Fraser University and NBER* David Jacks Simon Fraser 4.8c (Sun) and Health and NBER Repeal of Federal Prohibition Krishna Pendakur; Simon Fraser University University and NBER Hitoshi Shigeoka; Simon Fraser University

Session 4 Session 4 June 2017 8:30-10:10 409, 4/F Contributed Auctions and Juan Carlos University of New South 1049 Optimal Ordering in Fanqi Shi; Stanford University* Fanqi Shi Stanford University 4.9c (Sun) Mechanisms I Carbajal Wales Sequential Auctions Yiqing Xing; Johns Hopkins University Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 4 Session 4 June 2017 8:30-10:10 409, 4/F Contributed Auctions and Juan Carlos University of New South 1183 Secret Reserve Prices David Ovadia; Federal Trade Commission (USA) David Ovadia Federal Trade 4.9c (Sun) Mechanisms I Carbajal Wales Commission (USA)

Session 4 Session 4 June 2017 8:30-10:10 409, 4/F Contributed Auctions and Juan Carlos University of New South 1185 Effects of Open and Masanori Tsuruoka; Yokohama National Masanori Tsuruoka Yokohama National 4.9c (Sun) Mechanisms I Carbajal Wales Competitive Auctions under a University University Scoring Design on Contract Price and Ex Post Performance: Evidence from Public Procurement Chair Session 4 Session 4 June 2017 8:30-10:10 409, 4/F Contributed Auctions and Juan Carlos University of New South 622 Revenues and Budgets: Selling Juan Carlos Carbajal; University of New South Juan Carlos Carbajal University of New 4.9c (Sun) Mechanisms I Carbajal Wales Mechanisms for Financially Wales* South Wales Constrained Buyers Ahuva Mu'alem; Holon Institute of Technology, Israel

Session 4 Session 4 June 2017 8:30-10:10 410, 4/F Contributed Child Care and Fertility Hans Van Erasmus School of 556 Evaluating How Child Joshua R. Goldstein; University of California, Jian Li University of 4.10c (Sun) Kippersluis Economics Allowances and Daycare Berkeley Luxembourg Subsidies Affect Fertility Christos Koulovatianos; University of Luxembourg Jian Li; University of Luxembourg* Carsten Schroeder; DIW Berlin / Freie Universitaet Berlin Session 4 Session 4 June 2017 8:30-10:10 410, 4/F Contributed Child Care and Fertility Hans Van Erasmus School of 607 Child Care, Work-Family Policy Qing Wang; Peking University HSBC Business Qing Wang Peking University 4.10c (Sun) Kippersluis Economics and Female Entrepreneurship School* HSBC Business School Mengyun Lin; Peking University HSBC Business School

Session 4 Session 4 June 2017 8:30-10:10 410, 4/F Contributed Child Care and Fertility Hans Van Erasmus School of 1314 Fertility and Labor Supply: Yuan Cao; University of California, Santa Barbara Yuan Cao University of 4.10c (Sun) Kippersluis Economics Evidence from the One-Child California, Santa Policy in China Barbara

Chair Session 4 Session 4 June 2017 8:30-10:10 410, 4/F Contributed Child Care and Fertility Hans Van Erasmus School of 500 Subsidies, Substitution and Hans Van Kippersluis; Erasmus School of Hans Van Erasmus School of 4.10c (Sun) Kippersluis Economics Spillovers of Formal Child Care Economics* Kippersluis Economics Hongliang Zhang; Hong Kong Baptist University

Session 4 Session 4 June 2017 8:30-10:10 411, 4/F Contributed Financial Economics I Jianxin Wang University of Technology 26 Information Asymmetry in the Jaebeom Cho; Korea Advanced Institute of Jaebeom Cho Korea Advanced 4.11c (Sun) Sydney Korean Stock Market and the Science and Technology* Institute of Science Effects of the U.S. Financial Hong-Ghi Min; Korea Advanced Institute of and Technology Crisis Science and Technology Judith McDonald; Lehigh University Session 4 Session 4 June 2017 8:30-10:10 411, 4/F Contributed Financial Economics I Jianxin Wang University of Technology 328 Level Shifts in Beta, Spurious Andrew Phin; University of New South Wales Jonathan Reeves University of New 4.11c (Sun) Sydney Abnormal Returns and the Todd Prono; Federal Reserve Board South Wales TARP Announcement Jonathan Reeves; University of New South Wales* Konark Saxena; UNSW

Session 4 Session 4 June 2017 8:30-10:10 411, 4/F Contributed Financial Economics I Jianxin Wang University of Technology 1009 Understanding the Impacts of Linlin Ye; The Chinese University of Hong Kong, Linlin Ye The Chinese 4.11c (Sun) Sydney Dark Pools on Price Discovery Shenzhen University of Hong Kong, Shenzhen

Chair Session 4 Session 4 June 2017 8:30-10:10 411, 4/F Contributed Financial Economics I Jianxin Wang University of Technology 1302 Conditional Volatility Jianxin Wang; University of Technolgy Sydney* Jianxin Wang University of 4.11c (Sun) Sydney Persistence Minxian Yang; The University of New South Wales Technology Sydney

Session 4 Session 4 June 2017 8:30-10:10 501, 5/F Contributed International Trade and Wanyu Chung University of Sheffield 1012 Intra-Regional Trade in Tuan Khai Vu; Hosei University Tuan Khai Vu Hosei University 4.12c (Sun) Exchange Rate Intermediate Goods and the Choice of Exchange Rate Regime in East Asia

Session 4 Session 4 June 2017 8:30-10:10 501, 5/F Contributed International Trade and Wanyu Chung University of Sheffield 1157 Firms' Predicted Exchange Thi-Ngoc Anh Nguyen; Yokohama National Thi-Ngoc Anh Nguyen Yokohama National 4.12c (Sun) Exchange Rate Rate and Nonlinearities in University* University Pricing-to-Market Kiyotaka Sato; Yokohama National University

Chair Session 4 Session 4 June 2017 8:30-10:10 501, 5/F Contributed International Trade and Wanyu Chung University of Sheffield 699 Vehicle Currency Pricing, Natalie Chen; Warwick University Wanyu Chung University of Sheffield 4.12c (Sun) Exchange Rate Trade, and Exchange Rate Wanyu Chung; University of Sheffield* Pass-Through Dennis Novy; University of Warwick

Session 4 Session 4 June 2017 8:30-10:10 502, 5/F Contributed Gender Inequality Daiji The University of Tokyo 626 Wheels of Power: Long-Term Shabana Mitra; Indian Institute of Management Shabana Mitra Indian Institute of 4.13c (Sun) Kawaguchi Effects of Targeting Girls with Bangalore* Management In-Kind Transfers Karl Ove Moene; University of Oslo Bangalore

Session 4 Session 4 June 2017 8:30-10:10 502, 5/F Contributed Gender Inequality Daiji The University of Tokyo 1089 Do Women Respond Less to Oriana Bandiera; London School of Economics Greg Fischer London School of 4.13c (Sun) Kawaguchi Performance Pay? Building Greg Fischer; London School of Economics* Economics Evidence from Multiple Andrea Prat; Columbia University Experiments Erina Ytsma; Massachusetts Institute of Technology Chair Session 4 Session 4 June 2017 8:30-10:10 502, 5/F Contributed Gender Inequality Daiji The University of Tokyo 774 Family Policies and Female Daiji Kawaguchi; The University of Tokyo* Daiji Kawaguchi The University of 4.13c (Sun) Kawaguchi Skill Utilization: Evidence from Takahiro Toriyabe; The University of Tokyo Tokyo PIAAC

Session 4 Session 4 June 2017 8:30-10:10 503, 5/F Contributed Endogeneity and Hyungsik University of Southern 123 Direct Instrumental Jerome Krief; University of Virginia Jerome Krief University of Virginia 4.14c (Sun) Nonparametric IV Roger Moon California Nonparametric Estimation of Inverse Regression Functions

Session 4 Session 4 June 2017 8:30-10:10 503, 5/F Contributed Endogeneity and Hyungsik University of Southern 256 Estimation of Semiparametric Kyoo il Kim; Michigan State University* Kyoo Il Kim Michigan State 4.14c (Sun) Nonparametric IV Roger Moon California Models with Mismeasured Suyong Song; University of Iowa University Endogenous Regressors Using Control Variables

Session 4 Session 4 June 2017 8:30-10:10 503, 5/F Contributed Endogeneity and Hyungsik University of Southern 590 Two-Way Exclusion Shenglong Liu; Institute of Quantitative and Yuanyuan Wan University of Toronto 4.14c (Sun) Nonparametric IV Roger Moon California Restrictions in Models with Technical Economics Heterogeneous Treatment Ismael Mourifie; University of Toronto Effects Yuanyuan Wan; University of Toronto*

Chair Session 4 Session 4 June 2017 8:30-10:10 503, 5/F Contributed Endogeneity and Hyungsik University of Southern 539 Estimation of Peer Effects in Ida Johnsson; University of Southern California Hyungsik Moon University of 4.14c (Sun) Nonparametric IV Roger Moon California Endogenous Social Networks: Hyungsik Roger Moon; University of Southern Roger Southern California Control Function Approach California*

Session 4 Session 4 June 2017 8:30-10:10 504, 5/F Contributed Technical Progress Sadao Tokyo Keizai University 750 Missing Growth from Creative Philippe Aghion; College de France Huiyu Li Federal Reserve Bank 4.15c (Sun) Nagaoka Destruction Antonin Bergeaud; Banque de France and école of San Francisco polytechnique Timo Boppart; IIES, Stockholm University Peter Klenow; Stanford University Huiyu Li; Federal Reserve Bank of San Francisco* Session 4 Session 4 June 2017 8:30-10:10 504, 5/F Contributed Technical Progress Sadao Tokyo Keizai University 887 Technology Polarization Minoru Kitahara; Osaka City University Koki Oikawa Waseda University 4.15c (Sun) Nagaoka Koki Oikawa; Waseda University*

Chair Session 4 Session 4 June 2017 8:30-10:10 504, 5/F Contributed Technical Progress Sadao Tokyo Keizai University 657 Information Constraint of the Sadao Nagaoka; Tokyo Keizai University Sadao Nagaoka Tokyo Keizai 4.15c (Sun) Nagaoka Patent Office and Examination University Quality: Evidence from the Effects of Initiation Lag Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 4 Session 4 June 2017 8:30-10:10 506, 5/F Contributed Topics in IO II Yuk-Fai Fong Hong Kong University of 172 Complementarity Between Yijuan Chen; Australian National University* Yijuan Chen Australian National 4.17c (Sun) Science and Technology Online and Offline Businesses Sanxi Li; Renmin University of China University Xiangting Hu; Renmin University of China

Session 4 Session 4 June 2017 8:30-10:10 506, 5/F Contributed Topics in IO II Yuk-Fai Fong Hong Kong University of 415 Warranty, Seller Reputation, Xiaogang Che; Durham University Business School Xiaogang Che Durham University 4.17c (Sun) Science and Technology and Buyer Experience Business School

Session 4 Session 4 June 2017 8:30-10:10 506, 5/F Contributed Topics in IO II Yuk-Fai Fong Hong Kong University of 1298 Heterogeneous Consumers Sergey Kokovin; Novosibirsk State University, IM Shamil Sharapudino Higher School of 4.17c (Sun) Science and Technology Matching Heterogeneous SB RAS, NRU Higher School of Economics v Economics Firms in Monopolistic Shamil Sharapudinov; Higher School of Competition Economics* Alexander Tarasov; Higher School of Economics Chair Session 4 Session 4 June 2017 8:30-10:10 506, 5/F Contributed Topics in IO II Yuk-Fai Fong Hong Kong University of 1042 Reputation of Multi-Attribute Yuk-fai Fong; Hong Kong University of Science and Yuk-Fai Fong Hong Kong University 4.17c (Sun) Science and Technology Experience Good Seller Technology* of Science and Ting Liu; Stony Brook University Technology Xiaoxuan Meng; Hong Kong University of Science and Technology Yimeng Zhang; Hong Kong University of Science Session 4 Session 4 June 2017 8:30-10:10 507, 5/F Contributed Financial Regulation Rhys Bidder Federal Reserve Bank of 1003 Off-Balance Sheet Financing Jiakai Chen; University of Hawaii at Manoa Jiakai Chen University of Hawaii 4.18c (Sun) San Francisco and Bank Capital Regulation: at Manoa Lessons from Asset-Backed Commercial Paper

Session 4 Session 4 June 2017 8:30-10:10 507, 5/F Contributed Financial Regulation Rhys Bidder Federal Reserve Bank of 1027 Tail-Risk Dumping Kenichi Ueda; The University of Tokyo Kenichi Ueda The University of 4.18c (Sun) San Francisco Tokyo

Chair Session 4 Session 4 June 2017 8:30-10:10 507, 5/F Contributed Financial Regulation Rhys Bidder Federal Reserve Bank of 1083 Drilling into Bank Balance Rhys Bidder; Federal Reserve Bank of San Rhys Bidder Federal Reserve Bank 4.18c (Sun) San Francisco Sheets: Examining Portfolio Francisco* of San Francisco Responses to an Oil Shock John Krainer; Federal Reserve Bank of San Francisco Adam Shapiro; Federal Reserve Bank of San Francisco Session 4 Session 4 June 2017 8:30-10:10 508, 5/F Contributed Tax Policies II Shuhei Kyoto University 277 Aiyagari Meets Ramsey: Yunmin Chen; Academia Sinica* Yunmin Chen Academia Sinica 4.19c (Sun) Takahashi Optimal Capital Taxation with Yili Chien; Federal Reserve Bank of St. Louis Incomplete Markets Cheng Chen Yang; Academia Sinica

Session 4 Session 4 June 2017 8:30-10:10 508, 5/F Contributed Tax Policies II Shuhei Kyoto University 383 The Impact of Taxes and Shuhei Takahashi; Kyoto University Ken Yamada Kyoto University 4.19c (Sun) Takahashi Transfers on Skill Premium Ken Yamada; Kyoto University*

Session 4 Session 4 June 2017 8:30-10:10 508, 5/F Contributed Tax Policies II Shuhei Kyoto University 771 More Unequal Income but Chunzan Wu; University of Miami Chunzan Wu University of Miami 4.19c (Sun) Takahashi Less Progressive Taxation: Economics or Politics?

Chair Session 4 Session 4 June 2017 8:30-10:10 508, 5/F Contributed Tax Policies II Shuhei Kyoto University 853 The Optimum Quantity of Tomoyuki Nakajima; Kyoto University Shuhei Takahashi Kyoto University 4.19c (Sun) Takahashi Debt for Japan Shuhei Takahashi; Kyoto University*

Session 4 Session 4 June 2017 8:30-10:10 509, 5/F Contributed High Dimensional Data Xiaojun Song Peking University 841 Dynamic Factor Var Yanyan Guo; Zhongnan University of Economics Yanyun Zhao Zhongnan University 4.20c (Sun) and Single-Index Model Measurement for Large and Law of Economics and Law Portfolios in an Emerging Yanyun Zhao; Zhongnan University of Economics Market and Law*

Session 4 Session 4 June 2017 8:30-10:10 509, 5/F Contributed High Dimensional Data Xiaojun Song Peking University 946 Optimal Smoothing Shuang Yao; Wuhan University Shuang Yao Wuhan University 4.20c (Sun) and Single-Index Model Parameters Selection in Single Index Model Derivative Estimations

Chair Session 4 Session 4 June 2017 8:30-10:10 509, 5/F Contributed High Dimensional Data Xiaojun Song Peking University 1274 A Better Understanding of Xiaojun Song; Peking University* Xiaojun Song Peking University 4.20c (Sun) and Single-Index Model Granger Causality Analysis: A Abderrahim Taamouti; Durham University Big Data Environment Business School

Session 4 Session 4 June 2017 8:30-10:10 510, 5/F Contributed Life Cycle Model Ponpoje National Graduate 32 Identifying Agent's Jin Zhou; The University of Chicago Jin Zhou The University of 4.21c (Sun) Porapakkarm Institute for Policies Information Sets: an Chicago Studies (GRIPS) Application to a Lifecycle Model of Schooling

Session 4 Session 4 June 2017 8:30-10:10 510, 5/F Contributed Life Cycle Model Ponpoje National Graduate 931 The effect of income and Dohyung Kim; Korea Development Institute Dohyung Kim Korea Development 4.21c (Sun) Porapakkarm Institute for Policies wealth on longevity: Evidence Institute Studies (GRIPS) from the Union army pension

Chair Session 4 Session 4 June 2017 8:30-10:10 510, 5/F Contributed Life Cycle Model Ponpoje National Graduate 537 The Lifetime Costs of Bad Mariacristina De Nardi; Federal Reserve Bank of Ponpoje Porapakkarm National Graduate 4.21c (Sun) Porapakkarm Institute for Policies Health Chicago Institute for Policies Studies (GRIPS) Svetlana Pashchenko; University of Georgia Studies (GRIPS) Ponpoje Porapakkarm; National Graduate Institute for Policy Studies (GRIPS)* Session 4 Session 4 June 2017 8:30-10:10 511, 5/F Contributed Searching, Learning, Pei Kuang University of Birmingham 216 Coordination in Networks: Chun-Ting Chen; National Taiwan University Chun-Ting Chen National Taiwan 4.22c (Sun) and Communication Communication by Actions University

Session 4 Session 4 June 2017 8:30-10:10 511, 5/F Contributed Searching, Learning, Pei Kuang University of Birmingham 1201 Concentration and Xiu Chen; Hong Kong University of Science and Xiu Chen Hong Kong University 4.22c (Sun) and Communication Unpredictability of Forecasts Technology* of Science and in Artificial Investment Games Fuhai Hong; Nanyang Technological University Technology Xiaojian Zhao; Hong Kong University of Science and Technology Chair Session 4 Session 4 June 2017 8:30-10:10 511, 5/F Contributed Searching, Learning, Pei Kuang University of Birmingham 1122 Learning with Data (Quasi-) Pei Kuang; University of Birmingham Pei Kuang University of 4.22c (Sun) and Communication Differencing Birmingham

Session 4 Session 4 June 2017 8:30-10:10 LT8, 2/F Contributed Political Economy Hulya Eraslan Rice University 615 How Do Exporters Cope with Reshad Ahsan; University of Melbourne Reshad Ahsan University of 4.26c (Sun) Violence? Evidence from Melbourne Political Strikes in Bangladesh

Session 4 Session 4 June 2017 8:30-10:10 LT8, 2/F Contributed Political Economy Hulya Eraslan Rice University 620 Incumbency and Partisan Ming He; University of Technology Sydney* Ming He University of 4.26c (Sun) Advantages of U.S. House Yangguang Huang; Hong Kong University of Technology Sydney Elections: A Structural Contest Science and Technology Approach

Session 4 Session 4 June 2017 8:30-10:10 LT8, 2/F Contributed Political Economy Hulya Eraslan Rice University 1224 Can Governments Harvest Yu-Hsiang Lei; Yale-NUS College Yu-Hsiang Lei Yale-NUS College 4.26c (Sun) Connections with Firms? Evidence from China

Chair Session 4 Session 4 June 2017 8:30-10:10 LT8, 2/F Contributed Political Economy Hulya Eraslan Rice University 510 Information Gatekeeping, Hulya Eraslan; Rice University* Hulya Eraslan Rice University 4.26c (Sun) Access Control and Media Saltuk Ozerturk; Southern Methodist University Bias Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 5 Session 4 June 2017 10:30-12:10 401, 4/F Contributed Human Capital Vivek Ghosal Rensselaer Polytechnic 618 Human Capital, Technology Lei Zhang; Shanghai Jiao Tong University* Lei Zhang Shanghai Jiao Tong 5.1c (Sun) Institute Adoption and Firm Yi Che; Shanghai Jiao Tong University University Performance: Impacts of China's Higher Education Expansion in the Late 1990s Session 5 Session 4 June 2017 10:30-12:10 401, 4/F Contributed Human Capital Vivek Ghosal Rensselaer Polytechnic 1024 Firm-Level Human Capital and Xiuli Sun; Southwestern University of Finance and Xiuli Sun Southwestern 5.1c (Sun) Institute Productivity: Evidence from Economics University of Finance China and Economics

Session 5 Session 4 June 2017 10:30-12:10 401, 4/F Contributed Human Capital Vivek Ghosal Rensselaer Polytechnic 1246 Is Bilingual Education Kazuhiro Yuki; Kyoto University Kazuhiro Yuki Kyoto University 5.1c (Sun) Institute Desirable in Multilingual Countries?

Chair Session 5 Session 4 June 2017 10:30-12:10 401, 4/F Contributed Human Capital Vivek Ghosal Rensselaer Polytechnic 786 Firm-Level Human Capital and Xiuli Sun; Southwestern University of Finance and Vivek Ghosal Rensselaer 5.1c (Sun) Institute Innovation: Evidence from Economics Polytechnic Institute China Haizheng Li; Georgia Institute of Technology Vivek Ghosal; Rensselaer Polytechnic Institute*

Session 5 Session 4 June 2017 10:30-12:10 402, 4/F Contributed China's International Frederic Aarhus University 487 The Impact of China's WTO Giovanni Facchini; University of Nottingham, Minghai Zhou University of 5.2c (Sun) Trade I Warzynski Accession on Internal Universita' degli Studi di Milano; CEPR, CES-Ifo, Nottingham Ningbo Migration CReAM, GEP, IZA and LdA China Maggie Y. Liu; Georgetown University Anna Maria Mayda; Georgetown University, CEPR, IZA and LdA Session 5 Session 4 June 2017 10:30-12:10 402, 4/F Contributed China's International Frederic Aarhus University 958 Do Credit Constraints Matter Dong Cheng; Vanderbilt University Zhongzhong Hu University of 5.2c (Sun) Trade I Warzynski for Learning-by-Exporting: Zhongzhong Hu; University of International International Firm-level Evidence from Business and Economics* Business and Trade Deregulation in China Wenping Zheng; Renmin University of China Economics

Session 5 Session 4 June 2017 10:30-12:10 402, 4/F Contributed China's International Frederic Aarhus University 1085 The Pro-Competitive Effect of Miao Ouyang; Brandeis University Miao Ouyang Brandeis University 5.2c (Sun) Trade I Warzynski Chinese Imports: Amplification through the Input-Output Network

Chair Session 5 Session 4 June 2017 10:30-12:10 402, 4/F Contributed China's International Frederic Aarhus University 1035 Physical Productivity and Yao Amber Li; Hong Kong University of Science Frederic Warzynski Aarhus University 5.2c (Sun) Trade I Warzynski Exceptional Exporter and Technology Performance: Evidence from a Valerie Smeets; Aarhus University Chinese Production Survey Frederic Warzynski; Aarhus University*

Session 5 Session 4 June 2017 10:30-12:10 403, 4/F Contributed Noncognitive Skills Huihua Xie The Chinese University of 566 The Return Migration of Laxman Bablani; University of Melbourne Andrew Clarke University of 5.3c (Sun) Hong Kong, Shenzhen Australian Migrants Andrew Clarke; University of Melbourne* Melbourne

Session 5 Session 4 June 2017 10:30-12:10 403, 4/F Contributed Noncognitive Skills Huihua Xie The Chinese University of 1150 Childhood Television Exposure Yvonne Chen; National University of Singapore Yvonne Chen National University of 5.3c (Sun) Hong Kong, Shenzhen and Subsequent Development Singapore of Noncognitive Skills

Chair Session 5 Session 4 June 2017 10:30-12:10 403, 4/F Contributed Noncognitive Skills Huihua Xie The Chinese University of 1179 Education and Noncognitive Huihua Xie; The Chinese University of Hong Kong, Huihua Xie The Chinese 5.3c (Sun) Hong Kong, Shenzhen Skills Shenzhen University of Hong Kong, Shenzhen

Session 5 Session 4 June 2017 10:30-12:10 404, 4/F Contributed Information and Jin Yeub Kim University of Nebraska 164 Ownership of the Means of Eric Weyl; Microsoft Corporation Anthony Lee Zhang Stanford University 5.4c (Sun) Incentives Lincoln Production Anthony Lee Zhang; Stanford University*

Session 5 Session 4 June 2017 10:30-12:10 404, 4/F Contributed Information and Jin Yeub Kim University of Nebraska 619 Valuation of Moral Hazard Toru Igarashi; Hitotsubashi University* Toru Igarashi Hitotsubashi 5.4c (Sun) Incentives Lincoln under Diffusive and Jump Hisashi Nakamura; Hitotsubashi University University Risks

Session 5 Session 4 June 2017 10:30-12:10 404, 4/F Contributed Information and Jin Yeub Kim University of Nebraska 1241 The Bargaining Set of an Ozgur Yilmaz; Koc University* Ozgur Yilmaz Koc University 5.4c (Sun) Incentives Lincoln Exchange Economy with Murat Yilmaz; Bogazici University Discrete Resources

Chair Session 5 Session 4 June 2017 10:30-12:10 404, 4/F Contributed Information and Jin Yeub Kim University of Nebraska 752 A Noncooperative Foundation Jin Yeub Kim; University of Nebraska Lincoln Jin Yeub Kim University of 5.4c (Sun) Incentives Lincoln of the Neutral Bargaining Nebraska Lincoln Solution

Session 5 Session 4 June 2017 10:30-12:10 406, 4/F Contributed Labor and Education Kamhon Kan Academia Sinica 386 Unified Language, Labor Yang You; Harvard University Yang You Harvard University 5.6c (Sun) Market and Ideology

Session 5 Session 4 June 2017 10:30-12:10 406, 4/F Contributed Labor and Education Kamhon Kan Academia Sinica 577 Educational Financing within a Jungho Lee; Singapore Management University Sunha Myong Singapore 5.6c (Sun) Family and Investment in Sunha Myong; Singapore Management Management Higher Education University* University

Session 5 Session 4 June 2017 10:30-12:10 406, 4/F Contributed Labor and Education Kamhon Kan Academia Sinica 912 Occupational Hazard and Shiyu Bo; Jinan University* Shiyu Bo Jinan University 5.6c (Sun) College Major Choice: Yan Song; McGill University Evidence from Anti-Doctor Violence

Chair Session 5 Session 4 June 2017 10:30-12:10 406, 4/F Contributed Labor and Education Kamhon Kan Academia Sinica 862 The Impact of Education on Kamhon Kan; Academia Sinica Kamhon Kan Academia Sinica 5.6c (Sun) Mortality: Evidence from a Compulsory Education Reform

Session 5 Session 4 June 2017 10:30-12:10 407, 4/F Contributed Macro Labor I Guannan Luo City University of Hong 460 A Pure Theory of Wage Cheng Wang; Fudan University Youzhi Yang Shanghai University 5.7c (Sun) Kong Dispersion Youzhi Yang; Shanghai University of Finance and of Finance and Economics* Economics

Session 5 Session 4 June 2017 10:30-12:10 407, 4/F Contributed Macro Labor I Guannan Luo City University of Hong 1038 The Labor Share Fluctuation Seunghoon Na; Columbia University Seunghoon Na Columbia University 5.7c (Sun) Kong

Session 5 Session 4 June 2017 10:30-12:10 407, 4/F Contributed Macro Labor I Guannan Luo City University of Hong 1207 Search Frictions and Wage Marcus Hagedorn; University of Oslo Yikai Wang University of Oslo 5.7c (Sun) Kong Dispersion Iourii Manovskii; University of Pennsylvania Yikai Wang; University of Oslo*

Chair Session 5 Session 4 June 2017 10:30-12:10 407, 4/F Contributed Macro Labor I Guannan Luo City University of Hong 679 Underemployment in an Marianna Kudlyak; Federal Reserve Bank of San Guannan Luo City University of 5.7c (Sun) Kong Equilibrium Search and Francisco Hong Kong Matching Model Guannan Luo; City University of Hong Kong* Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 5 Session 4 June 2017 10:30-12:10 408, 4/F Contributed Topics in Bin Li International Monetary 741 A Theory of Structural Change Simon Alder; The University of North Carolina at Simon Alder The University of 5.8c (Sun) Macroeconomics Fund that Can Fit the Data Chapel Hill* North Carolina at Timo Boppart; IIES, Stockholm University Chapel Hill Andreas Mueller; University of Oslo

Session 5 Session 4 June 2017 10:30-12:10 408, 4/F Contributed Topics in Bin Li International Monetary 842 Welfare Analysis of Weizhen Hu; Nagoya Universtity Weizhen Hu Nagoya University 5.8c (Sun) Macroeconomics Fund Transitional Dynamics in an Overlapping Generations Model

Session 5 Session 4 June 2017 10:30-12:10 408, 4/F Contributed Topics in Bin Li International Monetary 1051 The Inverted Leading Patrick Pintus; Banque de France Yi Wen Federal Reserve Bank 5.8c (Sun) Macroeconomics Fund Indicator Property and Yi Wen; Federal Reserve Bank of St. Louis* of St. Louis Redistribution Effect of the Xiaochuan Xing; Yale University Interest Rate

Chair Session 5 Session 4 June 2017 10:30-12:10 408, 4/F Contributed Topics in Bin Li International Monetary 1070 Macroeconomic Dimensions Bin Li; International Monetary Fund Bin Li International 5.8c (Sun) Macroeconomics Fund of Public-Private Partnerships Monetary Fund

Session 5 Session 4 June 2017 10:30-12:10 409, 4/F Contributed Multinationals and FDI Jakob Munch University of Copenhagen 80 Vertical Foreign Direct Chrysovalantou Milliou; Athens University of Joel Sandonis University of Alicante 5.9c (Sun) Investment: Make, Sell and Economics and Business (Not) Buy Joel Sandonis; University of Alicante*

Session 5 Session 4 June 2017 10:30-12:10 409, 4/F Contributed Multinationals and FDI Jakob Munch University of Copenhagen 448 FDI and Urban Inequality: Dan Liu; Shanghai University of Finance and Dan Liu Shanghai University 5.9c (Sun) Evidence from Chinese Cities Economcis of Finance and Economics

Session 5 Session 4 June 2017 10:30-12:10 409, 4/F Contributed Multinationals and FDI Jakob Munch University of Copenhagen 885 Multinational R&D, Import Loretta Fung; National Tsing Hua University* Loretta Fung National Tsing Hua 5.9c (Sun) Intensity, and Price Yao Amber Li; Hong Kong University of Science University and Technology Jin-Tan Liu; National Taiwan University

Chair Session 5 Session 4 June 2017 10:30-12:10 409, 4/F Contributed Multinationals and FDI Jakob Munch University of Copenhagen 291 Globalization and CEO Pay: Jakob Munch; University of Copenhagen Jakob Munch University of 5.9c (Sun) Estimating the Value of Good Copenhagen Leaders in Complex Firms

Session 5 Session 4 June 2017 10:30-12:10 410, 4/F Contributed Topics of Public Christine Ho Singapore Management 358 From Greedy to Greedier: Qilin Zhang; The University of Hong Kong Qilin Zhang The University of 5.10c (Sun) Economics University Relative Advantage Enlarging Hong Kong and Antisocial Punishment

Session 5 Session 4 June 2017 10:30-12:10 410, 4/F Contributed Topics of Public Christine Ho Singapore Management 388 Target Setting in Xing Li; Guanghua School of Management, Peking Xi Weng Guanghua School of 5.10c (Sun) Economics University Tournaments: Theory and University Management, Peking Evidence from China Xi Weng; Guanghua School of Management, University Peking University*

Session 5 Session 4 June 2017 10:30-12:10 410, 4/F Contributed Topics of Public Christine Ho Singapore Management 963 Process of Authorizing Yumi Koh; Singapore Management University Yumi Koh Singapore 5.10c (Sun) Economics University Transportation Infrastructure Management Provision: A Duration Analysis University

Chair Session 5 Session 4 June 2017 10:30-12:10 410, 4/F Contributed Topics of Public Christine Ho Singapore Management 385 Deadlier Road Accidents? Madhav Aney; Singapore Management University Christine Ho Singapore 5.10c (Sun) Economics University Traffic Safety Regulations and Christine Ho; Singapore Management University* Management Heterogeneous Motorists’ University Behavior

Session 5 Session 4 June 2017 10:30-12:10 411, 4/F Contributed Labor Supply and Evgenia University of New South 508 Creditor Rights, Threat of Ritam Chaurey; State University of New York, Ritam Chaurey State University of 5.11c (Sun) Demand Dechter Wales Liquidation, and Labor-Capital Binghamton New York, Choice of Firms Binghamton

Session 5 Session 4 June 2017 10:30-12:10 411, 4/F Contributed Labor Supply and Evgenia University of New South 719 Estimating Labour Supply Warn Lekfuangfu; Chulalongkorn University Warn Lekfuangfu Chulalongkorn 5.11c (Sun) Demand Dechter Wales Elasticities in Thailand Using University Personal Income Tax Structures

Chair Session 5 Session 4 June 2017 10:30-12:10 411, 4/F Contributed Labor Supply and Evgenia University of New South 827 A Model of Labor Supply, Gonzalo Castex; Central Bank of Chile Evgenia Dechter University of New 5.11c (Sun) Demand Dechter Wales Fixed Costs and Work Evgenia Dechter; University of New South Wales* South Wales Schedules

Session 5 Session 4 June 2017 10:30-12:10 501, 5/F Contributed Topics in Asset Pricing Shumi Akhtar The University of Sydney 359 Optimal House Acquisition Shaofeng Xu; Bank of Canada Shaofeng Xu Bank of Canada 5.12c (Sun) with Stochastic Income

Session 5 Session 4 June 2017 10:30-12:10 501, 5/F Contributed Topics in Asset Pricing Shumi Akhtar The University of Sydney 920 On Equilibrium Existence in a Ronaldo Carpio; University of International Ronaldo Carpio University of 5.12c (Sun) Finite-Agent, Multi-Asset Business and Economics* International Noisy Rational Expectations Meixin Guo; Tsinghua University Business & Economics Economy

Chair Session 5 Session 4 June 2017 10:30-12:10 501, 5/F Contributed Topics in Asset Pricing Shumi Akhtar The University of Sydney 608 Strategic Default and Capital Shumi Akhtar; The University of Sydney* Shumi Akhtar The University of 5.12c (Sun) Structure Decision Ye Ye; The University of Sydney Sydney

Session 5 Session 4 June 2017 10:30-12:10 502, 5/F Contributed Estimation and Yu-Chin Hsu Academia Sinica 258 Nonparametric Identification Xirong Chen; Texas A&M University Wenzheng Gao Texas A&M University 5.13c (Sun) Inference and Estimation of Additive Darong Dai; Texas A&M University Social Interaction Models with Wenzheng Gao; Texas A&M University* Homophily

Session 5 Session 4 June 2017 10:30-12:10 502, 5/F Contributed Estimation and Yu-Chin Hsu Academia Sinica 649 Estimation of Dynamic Panel Kai Yang; Shanghai University of Finance and Kai Yang Shanghai University 5.13c (Sun) Inference Spatial Vector Autoregression: Economics* of Finance and Stability, Spatial Cointegration Lung-fei Lee; Ohio State University Economics and Explosion

Session 5 Session 4 June 2017 10:30-12:10 502, 5/F Contributed Estimation and Yu-Chin Hsu Academia Sinica 687 Semiparametric Estimation of Songnian Chen; Hong Kong University of Science Xi Wang Shanghai Lixin 5.13c (Sun) Inference a Generalized Transformation and Technology University of Panel Data Model with Non- Xi Wang; Shanghai Lixin University of Accounting Accounting and stationary Errors and Finance* Finance

Chair Session 5 Session 4 June 2017 10:30-12:10 502, 5/F Contributed Estimation and Yu-Chin Hsu Academia Sinica 257 Testing Treatment Effect Yu-Chin Hsu; Academia Sinica* Yu-Chin Hsu Academia Sinica 5.13c (Sun) Inference Heterogeneity in Regression Shu Shen; University of California, Davis Discontinuity Design

Session 5 Session 4 June 2017 10:30-12:10 503, 5/F Contributed Social Networks Junjie Zhou National University of 414 Repeated Network Games Yangbo Song; The Chinese University of Hong Yangbo Song The Chinese 5.14c (Sun) Singapore Kong, Shenzhen* University of Hong Mihaela van der Schaar; University of Oxford Kong, Shenzhen

Session 5 Session 4 June 2017 10:30-12:10 503, 5/F Contributed Social Networks Junjie Zhou National University of 457 Optimal Nonlinear Pricing in Yang Zhang; Hong Kong University of Science and Yang Zhang Hong Kong University 5.14c (Sun) Singapore Social Networks under Technology* of Science and Asymmetric Network Ying-Ju Chen; Hong Kong University of Science and Technology Information Technology

Session 5 Session 4 June 2017 10:30-12:10 503, 5/F Contributed Social Networks Junjie Zhou National University of 968 Network Identification Hon Ho Kwok; The University of Hong Kong Hon Ho Kwok The University of 5.14c (Sun) Singapore Methods Based on Change of Hong Kong Basis Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 5 Session 4 June 2017 10:30-12:10 503, 5/F Contributed Social Networks Junjie Zhou National University of 456 Competitive Pricing Strategies Junjie Zhou; National University of Singapore Junjie Zhou National University of 5.14c (Sun) Singapore in Social Networks Singapore

Session 5 Session 4 June 2017 10:30-12:10 504, 5/F Contributed International Financial Bin Wei Federal Reserve Bank of 89 The Impact of Oil Price on Ha Nguyen; The World Bank Ha Nguyen The World Bank 5.15c (Sun) Markets I Atlanta Financial Markets: Is this Time Different?

Session 5 Session 4 June 2017 10:30-12:10 504, 5/F Contributed International Financial Bin Wei Federal Reserve Bank of 952 Diversification Power of Marc Gronwald; University of Aberdeen* Marc Gronwald University of 5.15c (Sun) Markets I Atlanta Turkish Real Estate Market Metin Ilbasmis; University of Aberdeen Aberdeen Securities - The Role of Data Yuan Zhao; University of Aberdeen Frequency and Dividend Policies Session 5 Session 4 June 2017 10:30-12:10 504, 5/F Contributed International Financial Bin Wei Federal Reserve Bank of 1044 Do Financial Structures Affect Xingyuan Yao; Zhejiang Financial College* Xingyuan Yao Zhejiang Financial 5.15c (Sun) Markets I Atlanta Exchange Rate and Stock Price Xiaobo Tang; Zhejiang Gongshang University/ College Interaction? Evidence from Zhejiang Financial College Emerging Markets

Chair Session 5 Session 4 June 2017 10:30-12:10 504, 5/F Contributed International Financial Bin Wei Federal Reserve Bank of 1297 Financial Markets' View about Bin Wei; Federal Reserve Bank of Atlanta Bin Wei Federal Reserve Bank 5.15c (Sun) Markets I Atlanta Rmb under a Two-Pillar of Atlanta Approach

Session 5 Session 4 June 2017 10:30-12:10 505, 5/F Contributed Panel Data Analysis In Choi Sogang University 144 Weak Sigma-Convergence: Jianning Kong; Shandong University* Jianning Kong Shandong University 5.16c (Sun) Theory and Applications Peter Phillips; Yale University Donggyu Sul; University of Texas at Dallas

Session 5 Session 4 June 2017 10:30-12:10 505, 5/F Contributed Panel Data Analysis In Choi Sogang University 426 Multi-dimensional Panel Data George Kapetanios; King College London Yonghceol Shin University of York 5.16c (Sun) Modelling in the Presence of Camilla Mastromarco; University of Salento Cross Sectional Error Laura Serlenga; University of Bari Dependence Yonghceol Shin; University of York*

Session 5 Session 4 June 2017 10:30-12:10 505, 5/F Contributed Panel Data Analysis In Choi Sogang University 630 Estimation and Inference of Xu Han; City University of Hong Kong Xu Han City University of 5.16c (Sun) Dynamic Structural Factor Hong Kong Models with Over-Identifying Restrictions

Chair Session 5 Session 4 June 2017 10:30-12:10 505, 5/F Contributed Panel Data Analysis In Choi Sogang University 135 Cross-sectional maximum In Choi; Sogang University In Choi Sogang University 5.16c (Sun) likelihood and bias-corrected pooled least squares estimators for dynamic panels with short T Session 5 Session 4 June 2017 10:30-12:10 506, 5/F Contributed Issues in Economic Rodolfo Washington University/ 269 The Impact of Press Freedom Ying Chu Ng; Hong Kong Baptist University* Ying Chu Ng Hong Kong Baptist 5.17c (Sun) Growth Manuelli Federal Reserve Bank of on Economic Growth: A Cross- Eric CY Ng; Hong Kong Baptist University University St. Louis country Study

Session 5 Session 4 June 2017 10:30-12:10 506, 5/F Contributed Issues in Economic Rodolfo Washington University/ 1110 Intermediate Goods and Wenya Wang; University of Western Ontario Wenya Wang University of Western 5.17c (Sun) Growth Manuelli Federal Reserve Bank of Misallocation in China's Ontario St. Louis Manufacturing Sector

Session 5 Session 4 June 2017 10:30-12:10 506, 5/F Contributed Issues in Economic Rodolfo Washington University/ 1230 Anatomy of a "Miracle'': Simona Manu; European Central Bank Peter Mcadam European Central 5.17c (Sun) Growth Manuelli Federal Reserve Bank of Assessing the Reform Period Peter McAdam; European Central Bank* Bank St. Louis in China

Chair Session 5 Session 4 June 2017 10:30-12:10 506, 5/F Contributed Issues in Economic Rodolfo Washington University/ 1056 Natural Disasters and Growth: Rodolfo Manuelli; Washington University/ Federal Rodolfo Manuelli Washington 5.17c (Sun) Growth Manuelli Federal Reserve Bank of The Role of Foreign Aid and Reserve Bank of St. Louis University/ Federal St. Louis Disaster Insurance Reserve Bank of St. Louis

Session 5 Session 4 June 2017 10:30-12:10 507, 5/F Contributed Theory of Jaromir University of the Basque 288 Voluntary Disclosure of Dmitry Shapiro; Seoul National University* Dmitry Shapiro Seoul National 5.18c (Sun) Microeconomic Kovarik Country and Bridge Negative Information and Its David Huh; George Washington University University Behavior II Effect on Competition

Session 5 Session 4 June 2017 10:30-12:10 507, 5/F Contributed Theory of Jaromir University of the Basque 928 Non-Stationary Additive Nicolas Drouhin; Ecole normale supérieure Paris- Nicolas Drouhin Ecole normale 5.18c (Sun) Microeconomic Kovarik Country and Bridge Utility and Time Consistency Saclay supérieure Paris- Behavior II Saclay

Session 5 Session 4 June 2017 10:30-12:10 507, 5/F Contributed Theory of Jaromir University of the Basque 986 Delayed Probabilistic Risk: A Jinrui Pan; Durham University Business School Jinrui Pan Durham University 5.18c (Sun) Microeconomic Kovarik Country and Bridge Parametric Approach for Risk Business School Behavior II Tolerance

Chair Session 5 Session 4 June 2017 10:30-12:10 507, 5/F Contributed Theory of Jaromir University of the Basque 683 Non-Equilibrium Play in Jaromir Kovarik; University of the Basque Country Jaromir Kovarik University of the 5.18c (Sun) Microeconomic Kovarik Country and Bridge Centipede Games and Bridge Basque Country and Behavior II Bridge

Session 5 Session 4 June 2017 10:30-12:10 508, 5/F Contributed Topics in Subhasish University of Utah 584 Who Should I Share Risk with? Ruixin Wang; Hong Kong Baptist University Ruixin Wang Hong Kong Baptist 5.19c (Sun) Microeconomic Theory Dugar Gifts Can Tell: Theory and University IV Evidence from Rural China

Session 5 Session 4 June 2017 10:30-12:10 508, 5/F Contributed Topics in Subhasish University of Utah 1228 The Effect of Inside and Takaaki Hamada; The University of Tokyo Takaaki Hamada The University of 5.19c (Sun) Microeconomic Theory Dugar Outside Reputations on Group Tokyo IV Choice and Effort

Session 5 Session 4 June 2017 10:30-12:10 508, 5/F Contributed Topics in Subhasish University of Utah 1263 Externality Assessments, Thomas Daske; Technical University of Munich Thomas Daske Technical University 5.19c (Sun) Microeconomic Theory Dugar Value Judgments, and of Munich IV Mechanism Design

Chair Session 5 Session 4 June 2017 10:30-12:10 508, 5/F Contributed Topics in Subhasish University of Utah 791 Deception: The Role of Subhasish Dugar; University of Utah Subhasish Dugar University of Utah 5.19c (Sun) Microeconomic Theory Dugar Uncertain Consequences IV

Session 5 Session 4 June 2017 10:30-12:10 509, 5/F Contributed Uncertainty and Edison Yu Federal Reserve Bank of 597 Economic Policy Uncertainty Giovanni Caggiano; Monash University* Giovanni Caggiano Monash University 5.20c (Sun) Financial Frictions Philadelphia Spillovers in Booms and Busts Efrem Castelnuovo; University of Melbourne Juan Figueres; University of Padua

Session 5 Session 4 June 2017 10:30-12:10 509, 5/F Contributed Uncertainty and Edison Yu Federal Reserve Bank of 951 Impact of Ambiguity Shock: Guangyu Pei; University of Zurich Guangyu Pei University of Zurich 5.20c (Sun) Financial Frictions Philadelphia Recession and Heightened Dispersion

Session 5 Session 4 June 2017 10:30-12:10 509, 5/F Contributed Uncertainty and Edison Yu Federal Reserve Bank of 1308 Capital Adequacy Miho Sunaga; Osaka University Miho Sunaga Osaka University 5.20c (Sun) Financial Frictions Philadelphia Requirements and Financial Frictions in a Neoclassical Growth Model

Chair Session 5 Session 4 June 2017 10:30-12:10 509, 5/F Contributed Uncertainty and Edison Yu Federal Reserve Bank of 509 Household Credit and Local Marco Di Maggio; Harvard University Edison Yu Federal Reserve Bank 5.20c (Sun) Financial Frictions Philadelphia Economic Uncertainty Amir Kermani; University of California, Berkeley of Philadelphia Rodney Ramcharan; University of Southern California Edison Yu; Federal Reserve Bank of Philadelphia* Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 5 Session 4 June 2017 10:30-12:10 510, 5/F Contributed Information and Price Steven Ho Columbia University 404 Identifying Herding among Kun Li; Australian National University Gang Wang Shanghai University 5.21c (Sun) Efficiency Financial Analysts Gang Wang; Shanghai University of Finance and of Finance and Economics* Economics

Session 5 Session 4 June 2017 10:30-12:10 510, 5/F Contributed Information and Price Steven Ho Columbia University 551 Financial Intermediation and Raymond C. W. Leung; Cheung Kong Graduate Raymond C. Leung Cheung Kong 5.21c (Sun) Efficiency the Market Sharpe Ratio: School of Business W. Graduate School of Theory and Evidence Business

Session 5 Session 4 June 2017 10:30-12:10 510, 5/F Contributed Information and Price Steven Ho Columbia University 1261 Insider Trading when There Yenan Wang; Duke University* Yenan Wang Duke University 5.21c (Sun) Efficiency May Not Be an Insider Ming Yang; Duke University

Chair Session 5 Session 4 June 2017 10:30-12:10 510, 5/F Contributed Information and Price Steven Ho Columbia University 1258 Learning in International Steven Ho; Columbia University Steven Ho Columbia University 5.21c (Sun) Efficiency Markets and a Rational Expectation Approach to the Contagion Puzzle

Session 5 Session 4 June 2017 10:30-12:10 511, 5/F Contributed Theory of Georgios University of St Andrews 507 Limited Consideration and Yuta Inoue; Waseda University* Yuta Inoue Waseda University 5.22c (Sun) Microeconomic Gerasimou Limited Data Koji Shirai; Kwansei Gakuin University Behavior I

Session 5 Session 4 June 2017 10:30-12:10 511, 5/F Contributed Theory of Georgios University of St Andrews 582 Limited Cognitive Ability and Tsz Kin Leung; Toulouse School of Economics Tsz Kin Leung Toulouse School of 5.22c (Sun) Microeconomic Gerasimou Selective Information Economics Behavior I Processing

Session 5 Session 4 June 2017 10:30-12:10 511, 5/F Contributed Theory of Georgios University of St Andrews 826 Multi-Dimensional Threshold Dan Qin; Tohoku University Dan Qin Tohoku University 5.22c (Sun) Microeconomic Gerasimou Representation Behavior I

Chair Session 5 Session 4 June 2017 10:30-12:10 511, 5/F Contributed Theory of Georgios University of St Andrews 118 Choice, Deferral and Georgios Gerasimou; University of St Andrews Georgios Gerasimou University of St 5.22c (Sun) Microeconomic Gerasimou Consistency Andrews Behavior I

Session 6 Session 4 June 2017 15:10-16:50 401, 4/F Contributed Wages, Skills and Kailing Shen Australian National 849 Hukou Reform and Migration Zhangfeng Jin; University of Nottingham Ningbo Zhangfeng Jin University of 6.1c (Sun) Migration University Decision in China China Nottingham Ningbo China

Session 6 Session 4 June 2017 15:10-16:50 401, 4/F Contributed Wages, Skills and Kailing Shen Australian National 974 Labor Skill, Industry Structure Hyelim Son; University of Seoul Xiangjun Ma University of 6.1c (Sun) Migration University and Migration Larry Qiu; University of Hong Kong International Xiangjun Ma; University of International Business Business and and Economics* Economics

Session 6 Session 4 June 2017 15:10-16:50 401, 4/F Contributed Wages, Skills and Kailing Shen Australian National 1107 Internal Migration and Firm Clément Imbert; University of Warwick Marlon Seror Paris School of 6.1c (Sun) Migration University Growth: Evidence from China Marlon Seror; Paris School of Economics* Economics Yifan Zhang; The Chinese University of Hong Kong Yanos Zylberberg; University of Bristol

Chair Session 6 Session 4 June 2017 15:10-16:50 401, 4/F Contributed Wages, Skills and Kailing Shen Australian National 478 State Owned Enterprises, Kailing Shen; Australian National University* Kailing Shen Australian National 6.1c (Sun) Migration University Hukou and Wages in China Yang Zhang; Australian National University University

Session 6 Session 4 June 2017 15:10-16:50 402, 4/F Contributed Empirical Studies of Ying Fan University of Michigan 276 Privatization and Productivity Yuyu Chen; Peking University Mo Xiao University of Arizona 6.2c (Sun) Firms and Markets in China Mitsuru Igami; Yale University Masayuki Sawada; Yale University Mo Xiao; University of Arizona*

Session 6 Session 4 June 2017 15:10-16:50 402, 4/F Contributed Empirical Studies of Ying Fan University of Michigan 362 Measuring the Benefits and Javier Donna; The Ohio State University Pedro Pereira Autoridade da 6.2c (Sun) Firms and Markets Costs of Intermediation in Pedro Pereira; Autoridade da Concorrência* Concorrência Vertical Relations Tiago Pires; The University of North Carolina at Chapel Hill Andre Trindade; Getulio Vargas Foundation

Session 6 Session 4 June 2017 15:10-16:50 402, 4/F Contributed Empirical Studies of Ying Fan University of Michigan 1171 A Compositional Data Analysis Yoshiyuki Arata; The Research Institute of Yoshiyuki Arata The Research 6.2c (Sun) Firms and Markets of Market Share Dynamics Economy, Trade and Industry* Institute of Economy, Tamotsu Onozaki; Rissho University Trade and Industry

Chair Session 6 Session 4 June 2017 15:10-16:50 402, 4/F Contributed Empirical Studies of Ying Fan University of Michigan 275 Competition, Product Ying Fan; University of Michigan* Ying Fan University of 6.2c (Sun) Firms and Markets Proliferation and Welfare: A Chenyu Yang; University of Rochester Michigan Study of the U.S. Smartphone Market

Session 6 Session 4 June 2017 15:10-16:50 403, 4/F Contributed Choice Processes and Liang Guo The Chinese University of 1119 Imperfect Perception of Junnan He; Washington University in St. Louis Junnan He Washington 6.3c (Sun) Information Acquisition Hong Kong Attributes and Contextual University in St. Louis Choice Effects

Session 6 Session 4 June 2017 15:10-16:50 403, 4/F Contributed Choice Processes and Liang Guo The Chinese University of 1136 Persuasion for the Long-Run James Best; University of Oxford* James Best University of Oxford 6.3c (Sun) Information Acquisition Hong Kong Daniel Quigley; University of Oxford

Session 6 Session 4 June 2017 15:10-16:50 403, 4/F Contributed Choice Processes and Liang Guo The Chinese University of 1262 Optimal Dynamic Information Weijie Zhong; Columbia University Weijie Zhong Columbia university 6.3c (Sun) Information Acquisition Hong Kong Acquisition

Chair Session 6 Session 4 June 2017 15:10-16:50 403, 4/F Contributed Choice Processes and Liang Guo The Chinese University of 919 Contextual Deliberation and Liang Guo; The Chinese University of Hong Kong Liang Guo The Chinese 6.3c (Sun) Information Acquisition Hong Kong Procedure-Dependent University of Hong Preference Reversals Kong

Session 6 Session 4 June 2017 15:10-16:50 404, 4/F Contributed Financial Economics II Xuedong He The Chinese University of 179 In Search of Preference Shock Zhanhui Chen; Nanyang Technological University* Zhanhui Chen Nanyang 6.4c (Sun) Hong Kong Risks: Evidence from Bowen Yang; Nanyang Technological University Technological Longevity Risks and University Momentum Profits

Session 6 Session 4 June 2017 15:10-16:50 404, 4/F Contributed Financial Economics II Xuedong He The Chinese University of 789 Market Power and Marcin Kacperczyk; Imperial College London Savitar Sundaresan Imperial College 6.4c (Sun) Hong Kong Informational Efficiency Jaromir Nosal; Boston College London Savitar Sundaresan; Imperial College London*

Session 6 Session 4 June 2017 15:10-16:50 404, 4/F Contributed Financial Economics II Xuedong He The Chinese University of 1001 Conditional Cross-Section: Hogyu Jhang; Chungnam National University* Hogyu Jhang Chungnam National 6.4c (Sun) Hong Kong Belief Difference and Emmanuel Alanis; Texas State University University Characteristic Explanations

Chair Session 6 Session 4 June 2017 15:10-16:50 404, 4/F Contributed Financial Economics II Xuedong He The Chinese University of 181 A New Preference Model That Jing Guo; Columbia University Xuedong He The Chinese 6.4c (Sun) Hong Kong Allows for Narrow Framing Xuedong He; The Chinese University of Hong University of Hong Kong* Kong Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 6 Session 4 June 2017 15:10-16:50 405, 4/F Contributed Panel, High dimensional John Chao University of Maryland 868 High Dimensional Minimum Yi Ding; Hong Kong University of Science and Yi Ding Hong Kong University 6.5c (Sun) and Combined Data Variance Portfolio under Technology* of Science and Factor Model Yingying Li; Hong Kong University of Science and Technology Technology Xinghua Zheng; Hong Kong University of Science and Technology Session 6 Session 4 June 2017 15:10-16:50 405, 4/F Contributed Panel, High dimensional John Chao University of Maryland 1002 Inference in Moment Yi Sun; The University of Sydney Yi Sun The University of 6.5c (Sun) and Combined Data Inequality Models with Sydney Combined Data Sources

Session 6 Session 4 June 2017 15:10-16:50 405, 4/F Contributed Panel, High dimensional John Chao University of Maryland 1223 The Projection Approach for Do Won Kwak; University of Queensland* Do Won Kwak University of 6.5c (Sun) and Combined Data Multi-Way Error Components Kam Tang; University of Queensland Queensland Models with Partially Juyoung Cheong; Kyung Hee University Balanced Panel Data

Chair Session 6 Session 4 June 2017 15:10-16:50 405, 4/F Contributed Panel, High dimensional John Chao University of Maryland 121 Uniform Inference in Panel John Chao; University of Maryland* John Chao University of 6.5c (Sun) and Combined Data Autoregression Peter Phillips; Yale University Maryland

Session 6 Session 4 June 2017 15:10-16:50 406, 4/F Contributed Inequality II Rachel Ngai London School of 782 Optimal Human Capital Julio Dávila; Université catholique de Louvain Julio Dávila Université catholique 6.6c (Sun) Economics Bequeathing de Louvain

Session 6 Session 4 June 2017 15:10-16:50 406, 4/F Contributed Inequality II Rachel Ngai London School of 964 Inequality and House Prices Fudong Zhang; Tsinghua University Fudong Zhang Tsinghua University 6.6c (Sun) Economics

Session 6 Session 4 June 2017 15:10-16:50 406, 4/F Contributed Inequality II Rachel Ngai London School of 1022 On the Distribution of Wealth Minchul Yum; University of Mannheim Minchul Yum University of 6.6c (Sun) Economics and Labor Force Participation Mannheim

Chair Session 6 Session 4 June 2017 15:10-16:50 406, 4/F Contributed Inequality II Rachel Ngai London School of 1348 Rising Inequality and Trends Rachel Ngai; London School of Economics* Rachel Ngai London School of 6.6c (Sun) Economics In Leisure Timo Boppart; IIES-Stockholm Economics

Session 6 Session 4 June 2017 15:10-16:50 407, 4/F Contributed Microstructure and Chung-Yi Tse The University of Hong 18 Combining Dimension Ravi Kashyap; City University of Hong Kong / IHS Ravi Kashyap City University of 6.7c (Sun) Credit Markets Kong Reduction, Distance Measures Markit Hong Kong / IHS and Covariance Markit

Session 6 Session 4 June 2017 15:10-16:50 407, 4/F Contributed Microstructure and Chung-Yi Tse The University of Hong 352 Credit Constraint and Excess Sam-Ho Lee; Korea University Sam-Ho Lee Korea University 6.7c (Sun) Credit Markets Kong Return: Case of Chonsei Lease in Korea

Session 6 Session 4 June 2017 15:10-16:50 407, 4/F Contributed Microstructure and Chung-Yi Tse The University of Hong 754 Monetary Normalizations and Christoph Bertsch; Sveriges Riksbank* Christoph Bertsch Sveriges Riksbank 6.7c (Sun) Credit Markets Kong Consumer Credit: Evidence Isaiah Hull; Sveriges Riksbank from Fed Liftoff and Online Xin Zhang; Sveriges Riksbank Lending

Chair Session 6 Session 4 June 2017 15:10-16:50 407, 4/F Contributed Microstructure and Chung-Yi Tse The University of Hong 917 Inter-Dealer Trades in OTC Chung-Yi Tse; The University of Hong Kong* Chung-Yi Tse The University of 6.7c (Sun) Credit Markets Kong Markets — Who Buys and Yujing Xu; The University of Hong Kong Hong Kong Who Sells?

Session 6 Session 4 June 2017 15:10-16:50 408, 4/F Contributed Panel Data Models Biing-Shen Kuo National Chengchi 105 Composite Likelihood Ba Chu; Carleton University Ba Chu Carleton University 6.8c (Sun) University Estimation of Dynamic Panels with Group-Specific Heterogeneity and Spatially Dependent Errors Session 6 Session 4 June 2017 15:10-16:50 408, 4/F Contributed Panel Data Models Biing-Shen Kuo National Chengchi 591 Estimation of Average Shosei Sakaguchi; Kyoto University Shosei Sakaguchi Kyoto University 6.8c (Sun) University Treatment Effects Using Panel Data when Treatment Effects are Heterogeneous by Unobserved Fixed Effects Session 6 Session 4 June 2017 15:10-16:50 408, 4/F Contributed Panel Data Models Biing-Shen Kuo National Chengchi 960 Heterogenous Structural Ryo Okui; New York University Shanghai Wendun Wang Erasmus University 6.8c (Sun) University Breaks in Panel Data Models Wendun Wang; Erasmus University Rotterdam* Rotterdam

Chair Session 6 Session 4 June 2017 15:10-16:50 408, 4/F Contributed Panel Data Models Biing-Shen Kuo National Chengchi 940 Panel Averaging Estimators Biing-Shen Kuo; National Chengchi University Biing-Shen Kuo National Chengchi 6.8c (Sun) University Robust to Model University Misspecifications

Session 6 Session 4 June 2017 15:10-16:50 409, 4/F Contributed Business Cycle John Tsoukalas University of Glasgow 183 Dynamic Uncertainty, Agency Gabriel Lee; University of Regensburg Johannes Strobel University of 6.9c (Sun) Costs and Aggregate Kevin Salyer; University of California, Davis Regensburg Fluctuations Johannes Strobel; University of Regensburg*

Session 6 Session 4 June 2017 15:10-16:50 409, 4/F Contributed Business Cycle John Tsoukalas University of Glasgow 1134 Real Estate Investors and the Ryan Chahrour; Boston College Rosen Valchev Boston College 6.9c (Sun) Housing Boom and Bust Jaromir Nosal; Boston College Rosen Valchev; Boston College*

Chair Session 6 Session 4 June 2017 15:10-16:50 409, 4/F Contributed Business Cycle John Tsoukalas University of Glasgow 208 News Shocks under Financial Christoph Gortz; University of Birmingham John Tsoukalas University of Glasgow 6.9c (Sun) Frictions John Tsoukalas; University of Glasgow* Francesco Zanetti; University of Oxford

Session 6 Session 4 June 2017 15:10-16:50 410, 4/F Contributed Applied Tin Cheuk Wake Forest University 110 How Do We Pay under Hiroshi Fujiki; Chuo University Hiroshi Fujiki Chuo University 6.10c (Sun) Microeconomics II - Leung Evolving Retail Payment Migiwa Tanaka; Charles River Associates Impact of Technology Technology? Evidence from Japan

Session 6 Session 4 June 2017 15:10-16:50 410, 4/F Contributed Applied Tin Cheuk Wake Forest University 575 Scores vs. Stars: A Regression Fan Li; Shenzhen University Wenche Wang University of Florida 6.10c (Sun) Microeconomics II - Leung Discontinuity Study of Online Wenche Wang; University of Florida* Impact of Technology Consumer Reviews

Session 6 Session 4 June 2017 15:10-16:50 410, 4/F Contributed Applied Tin Cheuk Wake Forest University 877 No Free Lunch: Using Sisir Debnath; Indian School of Business* Sisir Debnath Indian School of 6.10c (Sun) Microeconomics II - Leung Technology to Improve the Sheetal Sekhri; University of Virginia Business Impact of Technology Efficacy of School Feeding Programs

Chair Session 6 Session 4 June 2017 15:10-16:50 410, 4/F Contributed Applied Tin Cheuk Wake Forest University 1032 Quantifying the Impacts of Tin Cheuk Leung; Wake Forest University Tin Cheuk Leung Wake Forest 6.10c (Sun) Microeconomics II - Leung Digital Rights Management on University Impact of Technology E-Book Readers

Session 6 Session 4 June 2017 15:10-16:50 411, 4/F Contributed Labor Market Frictions Fabrizio Bank for International 142 The Consumption Response Ernest Dautovic; UNIL - University of Lausanne* Ernest Dautovic UNIL - University of 6.11c (Sun) Zampolli Settlements to Minimum Wages: Evidence Harald Hau; University of Geneva and Swiss Lausanne from Chinese Households Finance I Yi Huang; HEDI-Geneva Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 6 Session 4 June 2017 15:10-16:50 411, 4/F Contributed Labor Market Frictions Fabrizio Bank for International 969 Long Live the Vacancy Christian Haefke; New York University, Abu Christian Haefke New York University, 6.11c (Sun) Zampolli Settlements Dhabi* Abu Dhabi Michael Reiter; Institute for Advanced Studies

Session 6 Session 4 June 2017 15:10-16:50 411, 4/F Contributed Labor Market Frictions Fabrizio Bank for International 1144 General Equilibrium Guanyi Yang; Ohio State University Guanyi Yang Ohio State University 6.11c (Sun) Zampolli Settlements Evaluation of Temporary Employment

Chair Session 6 Session 4 June 2017 15:10-16:50 411, 4/F Contributed Labor Market Frictions Fabrizio Bank for International 1077 Labour Reallocation and Claudio Borio; Bank for International Settlements Fabrizio Zampolli Bank for International 6.11c (Sun) Zampolli Settlements Productivity Dynamics: Enisse Kharroubi; Bank for International Settlements Financial Causes, Real Settlements Consequences Christian Upper; Bank for International Settlements Fabrizio Zampolli; Bank for International Session 6 Session 4 June 2017 15:10-16:50 501, 5/F Contributed Environmental Issues Bo Shen Wuhan University 581 Technology Licensing and Sungwan Hong; The University of Tokyo* Sungwan Hong The University of 6.12c (Sun) Environmental Policy Seung-Gyu Sim; The University of Tokyo Tokyo Instruments: Price Control versus Quantity Control

Session 6 Session 4 June 2017 15:10-16:50 501, 5/F Contributed Environmental Issues Bo Shen Wuhan University 892 Resolving Intergenerational Torben M Andersen; School of Economics and Pan Liu Beijing Normal 6.12c (Sun) Conflict over The Environment Business University under the Pareto Criterion Joydeep Bhattacharya; Iowa State University Pan Liu; Beijing Normal University*

Session 6 Session 4 June 2017 15:10-16:50 501, 5/F Contributed Environmental Issues Bo Shen Wuhan University 1029 The Size Distribution of Firms Ji Qi; Chinese Academy for Environmental Xican Xi Fudan University 6.12c (Sun) and Industrial Water Planning Pollution: A Quantitative Xin Tang; International Monetary Fund and Analysis of China Wuhan University Xican Xi; Fudan University* Chair Session 6 Session 4 June 2017 15:10-16:50 501, 5/F Contributed Environmental Issues Bo Shen Wuhan University 992 Corruption, Pollution and Chiu Yu Ko; National University of Singapore Bo Shen Wuhan University 6.12c (Sun) Technology Transfer Bo Shen; Wuhan University* Xuyao Zhang; National University of Singapore

Session 6 Session 4 June 2017 15:10-16:50 502, 5/F Contributed Global Value Chain Zhi Wang Goerge Mason 844 Exchange Rate Volatility, Kiyotaka Sato; Yokohama National University Shajuan Zhang Yokohama National 6.13c (Sun) University/ University of Exports and Global Value Shajuan Zhang; Yokohama National University* University International Business Chains and Economics

Session 6 Session 4 June 2017 15:10-16:50 502, 5/F Contributed Global Value Chain Zhi Wang Goerge Mason 1175 Global Supply Chains without Mengxiao Liu; Syracuse University Mengxiao Liu Syracuse University 6.13c (Sun) University/ University of Principals International Business and Economics

Session 6 Session 4 June 2017 15:10-16:50 502, 5/F Contributed Global Value Chain Zhi Wang Goerge Mason 1242 Global Value Chain Zhi Wang; Goerge Mason University and UIBE Xinding Yu University of 6.13c (Sun) University/ University of Participation and Recent Shang-Jin Wei; Columbia University and NBER International International Business Global Business Cycle Xinding Yu; University of International Business Business and and Economics and Economics* Economics Kunfu Zhu; University of International Business and Economics Chair Session 6 Session 4 June 2017 15:10-16:50 502, 5/F Contributed Global Value Chain Zhi Wang Goerge Mason 761 Characterizing Global Value Zhi Wang; Goerge Mason University/ University of Zhi Wang Goerge Mason 6.13c (Sun) University/ University of Chains International Business and Economics* University/ University International Business Shang-Jin Wei; Columbia University and NBER of International and Economics Xinding Yu; University of International Business Business and and Economics Economics Kunfu Zhu; University of International Business and Economics Session 6 Session 4 June 2017 15:10-16:50 503, 5/F Contributed Econometrics in Qi Xu Zhejiang University 252 Identification and Estimation Zhentao Shi; The Chinese University of Hong Zhentao Shi The Chinese 6.14c (Sun) Finance of an Asset Pricing Model with Kong* University of Hong Information-Driven Huanhuan Zheng; The Chinese University of Hong Kong Heterogeneity Kong

Session 6 Session 4 June 2017 15:10-16:50 503, 5/F Contributed Econometrics in Qi Xu Zhejiang University 313 Efficient Asymptotic Variance Yoann Potiron; Keio University Yoann Potiron Keio University 6.14c (Sun) Finance Reduction When Estimating Volatility in High Frequency Data

Session 6 Session 4 June 2017 15:10-16:50 503, 5/F Contributed Econometrics in Qi Xu Zhejiang University 547 Efficient Parameter Francois Guay; Cornerstone Research Gustavo Schwenkler Boston University 6.14c (Sun) Finance Estimation for Multivariate Gustavo Schwenkler; Boston University* Jump-Diffusions

Chair Session 6 Session 4 June 2017 15:10-16:50 503, 5/F Contributed Econometrics in Qi Xu Zhejiang University 316 A Least Squares Regression Ingmar Nolte; Lancaster University Qi Xu Zhejiang University 6.14c (Sun) Finance Realized Covariation Michalis Vasios; Bank of England Estimation under MMS Noise Valeri Voev; LEGO System A/S and Non-synchronous Trading Qi Xu; Zhejiang University*

Session 6 Session 4 June 2017 15:10-16:50 504, 5/F Contributed Topics in Banking Junmin Wan Fukuoka University 496 Banks Interconnectivity and Alessandro Barattieri; Collegio Carlo Alberto and Alessandro Barattieri Collegio Carlo Alberto 6.15c (Sun) Leverage ESG UQAM* and ESG UQAM Laura Moretti; Central Bank of Ireland Vincenzo Quadrini; University of Southern California Session 6 Session 4 June 2017 15:10-16:50 504, 5/F Contributed Topics in Banking Junmin Wan Fukuoka University 576 Did the BOJ's Negative Hiroshi Gunji; Daito Bunka University Hiroshi Gunji Daito Bunka 6.15c (Sun) Interest Rate Policy Increase University Bank Lending? Evidence from a Regression Discontinuity Design Session 6 Session 4 June 2017 15:10-16:50 504, 5/F Contributed Topics in Banking Junmin Wan Fukuoka University 709 Deposit Flight and Capital Romanos Priftis; European Commission Michael Rousakis University of Oxford 6.15c (Sun) Controls: A Tale from Greece Michael Rousakis; University of Oxford*

Chair Session 6 Session 4 June 2017 15:10-16:50 504, 5/F Contributed Topics in Banking Junmin Wan Fukuoka University 1195 Non-Performing Loans and Junmin Wan; Fukuoka University Junmin Wan Fukuoka University 6.15c (Sun) Housing Prices in China

Session 6 Session 4 June 2017 15:10-16:50 505, 5/F Contributed China's Saving Guangyu Nie Shanghai University of 331 Keeping up with the Zhangs Raoul Minetti; Michigan State University Tao Peng Southwestern 6.16c (Sun) Finance and Economics and House Price Dynamics in Tao Peng; Southwestern University of Finance and University of Finance China Economics* and Economics

Session 6 Session 4 June 2017 15:10-16:50 505, 5/F Contributed China's Saving Guangyu Nie Shanghai University of 1257 One-Child Policy, Life Cycle Angela Kui Huang; National University of Angela Kui Huang National University of 6.16c (Sun) Finance and Economics Earnings and the Household Singapore* Singapore Saving Puzzle in China Zhewen Xu; University of Wisconsin-Madison

Session 6 Session 4 June 2017 15:10-16:50 505, 5/F Contributed China's Saving Guangyu Nie Shanghai University of 1299 Income Inequality, Liquidity Yongzhi Sun; Texas A&M University* Yongzhi Sun Texas A&M University 6.16c (Sun) Finance and Economics Constraints, and China’s Naibao Zhao; Texas A&M University Aggregate Household Saving Rate

Chair Session 6 Session 4 June 2017 15:10-16:50 505, 5/F Contributed China's Saving Guangyu Nie Shanghai University of 393 Marriage Squeeze and the Guangyu Nie; Shanghai University of Finance and Guangyu Nie Shanghai University 6.16c (Sun) Finance and Economics Household Saving in China Economics of Finance and Economics

Session 6 Session 4 June 2017 15:10-16:50 506, 5/F Contributed Repeated Games and Jaeok Park Yonsei University 369 Finitely Repeated Games with Yasuyuki Miyahara; Kobe University Tadashi Sekiguchi Kyoto University 6.17c (Sun) Sequential Games Automatic and Optional Tadashi Sekiguchi; Kyoto University* Monitoring Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 6 Session 4 June 2017 15:10-16:50 506, 5/F Contributed Repeated Games and Jaeok Park Yonsei University 728 On Pure Strategy Subgame Ghislain Herman Demeze Jouatsa; University of Ghislain Demeze University of Bielefeld 6.17c (Sun) Sequential Games Perfect Nash Equilibria in Bielefeld Herman Jouatsa Finitely Repeated Games

Session 6 Session 4 June 2017 15:10-16:50 506, 5/F Contributed Repeated Games and Jaeok Park Yonsei University 984 Ambiguity Attitudes and Self- Pierpaolo Battigalli; Bocconi University Emiliano Catonini Higher School of 6.17c (Sun) Sequential Games Confirming Equilibrium in Emiliano Catonini; Higher School of Economics* Economics Sequential Games Giacomo Lanzani; Bocconi University Massimo Marinacci; Università Bocconi

Chair Session 6 Session 4 June 2017 15:10-16:50 506, 5/F Contributed Repeated Games and Jaeok Park Yonsei University 903 Repeated Games with Ichiro Obara; University of California Los Angeles Jaeok Park Yonsei University 6.17c (Sun) Sequential Games General Time Preference Jaeok Park; Yonsei University*

Session 6 Session 4 June 2017 15:10-16:50 507, 5/F Contributed Uncertainty, Lin Shao Bank of Canada 262 Uncertainty Shocks and the Munechika Katayama; Waseda University* Munechika Katayama Waseda University 6.18c (Sun) Investment and Firm Relative Price of Investment Kwang Hwan Kim; Yonsei University Entry Goods

Session 6 Session 4 June 2017 15:10-16:50 507, 5/F Contributed Uncertainty, Lin Shao Bank of Canada 422 Firm Entry, Search and Samil Oh; ESSEC/ University of Cergy-Pontoise* Samil Oh ESSEC/ University of 6.18c (Sun) Investment and Firm Matching in a Small Open Thepthida Sopraseuth; University of Cergy Cergy-Pontoise Entry Economy Faced with Uncertainty Shocks: The Case of Korea Session 6 Session 4 June 2017 15:10-16:50 507, 5/F Contributed Uncertainty, Lin Shao Bank of Canada 535 Transmission of Household Berrak Bahadir; Özyeğin University Inci Gumus Sabanci University 6.18c (Sun) Investment and Firm and Business Credit Shocks in Inci Gumus; Sabanci University* Entry Emerging Markets: The Role of Real Estate

Chair Session 6 Session 4 June 2017 15:10-16:50 507, 5/F Contributed Uncertainty, Lin Shao Bank of Canada 737 Aggregate Fluctuations and Lin Shao; Bank of Canada* Lin Shao Bank of Canada 6.18c (Sun) Investment and Firm the Role of Trade Credit Entry

Session 6 Session 4 June 2017 15:10-16:50 508, 5/F Contributed Lending, Rationing, and Zhiming Fu Sichuan University 1060 Bank Lending and Firm Yingnan Zhao; University of Zurich Yingnan Zhao University of Zurich 6.19c (Sun) Mechanisms Dynamics in General Equilibrium

Session 6 Session 4 June 2017 15:10-16:50 508, 5/F Contributed Lending, Rationing, and Zhiming Fu Sichuan University 1231 Optimal Mechanism Design Weiye Chen; Osaka University Weiye Chen Osaka University 6.19c (Sun) Mechanisms with Resale: a Model of Ex Ante Price Default

Chair Session 6 Session 4 June 2017 15:10-16:50 508, 5/F Contributed Lending, Rationing, and Zhiming Fu Sichuan University 663 Credit Rationing, Uninsured Zhiming Fu; Sichuan University Zhiming Fu Sichuan University 6.19c (Sun) Mechanisms Idiosyncratic Risks and Aggregate Savings

Session 6 Session 4 June 2017 15:10-16:50 509, 5/F Contributed Technological Change Tasso York University 635 Re-examining FDI Horizontal Yanran Guo; Osaka University Yanran Guo Osaka University 6.20c (Sun) and Economic Growth Adamopoulos Spillover Effects on Productivity Gain of Developing Countries: Theory and Evidence Session 6 Session 4 June 2017 15:10-16:50 509, 5/F Contributed Technological Change Tasso York University 651 Skill-Biased Technological Tiefeng Qian; Central University of Finance and Tiefeng Qian Central University of 6.20c (Sun) and Economic Growth Adamopoulos Change as a Cause of Change Economy Finance and in Regional Convergence Economics

Chair Session 6 Session 4 June 2017 15:10-16:50 509, 5/F Contributed Technological Change Tasso York University 858 Misallocation, Selection and Tasso Adamopoulos; York University* Tasso Adamopoulo York University 6.20c (Sun) and Economic Growth Adamopoulos Productivity: A Quantitative Loren Brandt; University of Toronto s Analysis with Panel Data from Jessica Leight; Williams College China Diego Restuccia; University of Toronto

Session 6 Session 4 June 2017 15:10-16:50 510, 5/F Contributed Growth and Public Jang-Ting Guo University of California, 462 R&D Cycle in a Fully- Daishoku Kanehara; Kyoto University Daishoku Kanehara Kyoto University 6.21c (Sun) Policy Riverside Endogenous Growth Model with Population Growth

Session 6 Session 4 June 2017 15:10-16:50 510, 5/F Contributed Growth and Public Jang-Ting Guo University of California, 880 Accounting for Productivity Shutao Cao; Victoria University of Wellington Shutao Cao Victoria University of 6.21c (Sun) Policy Riverside Growth in a Small Open Wellington Economy: Sector-Specific Technological Change and Relative Prices of Trade Session 6 Session 4 June 2017 15:10-16:50 510, 5/F Contributed Growth and Public Jang-Ting Guo University of California, 1270 Population Aging, Keisuke Otsu, Keio University* Keisuke Otsu Keio University 6.21c (Sun) Policy Riverside Government Policy and the Katsuyuki Shibayama; University of Kent Postwar Japanese Economy

Chair Session 6 Session 4 June 2017 15:10-16:50 510, 5/F Contributed Growth and Public Jang-Ting Guo University of California, 137 Progressive Taxation as an Shu-Hua Chen; National Taipei University Jang-Ting Guo University of 6.21c (Sun) Policy Riverside Automatic Destabilizer under Jang-Ting Guo; University of California, Riverside* California, Riverside Endogenous Growth

Session 6 Session 4 June 2017 15:10-16:50 511, 5/F Contributed Demography and Pei-Ju Liao Institute of Economics, 412 Demographic Change and Marius Bickmann; TU Dortmund Marius Bickmann TU Dortmund 6.22c (Sun) Development Academia Sinica Labor Mobility

Session 6 Session 4 June 2017 15:10-16:50 511, 5/F Contributed Demography and Pei-Ju Liao Institute of Economics, 465 Benefits of Borrowing Koichi Miyazaki; Kagawa University Koichi Miyazaki Kagawa University 6.22c (Sun) Development Academia Sinica Constraints in an Endogenous Growth Model

Session 6 Session 4 June 2017 15:10-16:50 511, 5/F Contributed Demography and Pei-Ju Liao Institute of Economics, 645 Structural Change, T. Terry Cheung; Washington University in St. T. Terry Cheung Washington 6.22c (Sun) Development Academia Sinica Demographic Transition and Louis University in St. Louis Fertility Difference

Chair Session 6 Session 4 June 2017 15:10-16:50 511, 5/F Contributed Demography and Pei-Ju Liao Institute of Economics, 845 Aging, Taxation and Tanyasorn Ekapirak; National Graduate Institute Pei-Ju Liao Institute of 6.22c (Sun) Development Academia Sinica Population Policy in for Policy Studies Economics, Academia Developing Economies Minchung Hsu; National Graduate Institute for Sinica Policy Studies Pei-Ju Liao; Institute of Economics, Academia Sinica* Session 7 Session 5 June 2017 8:30-10:10 401, 4/F Contributed International Trade and Michael University of Cyprus 230 Hollowing out the Middle Mingzhi Xu; University of California, Davis Mingzhi Xu University of 7.1c (Mon) Labor Market Michael Class: Trade Liberalization and California, Davis Labor Market Polarization in China

Session 7 Session 5 June 2017 8:30-10:10 401, 4/F Contributed International Trade and Michael University of Cyprus 961 Trade and Minimum Wages in Xue Bai; Brock University* Xue Bai Brock University 7.1c (Mon) Labor Market Michael General Equilibrium: Theory Arpita Chatterjee; University of New South Wales and Evidence Kala Krishna; The Pennsylvania State University Hong Ma; Tsinghua Univerisity

Session 7 Session 5 June 2017 8:30-10:10 401, 4/F Contributed International Trade and Michael University of Cyprus 1260 Structural Change and Skill Yang Xu; University of Maryland, College Park Yang Xu University of 7.1c (Mon) Labor Market Michael Premium in a Quantitative Maryland, College Model of Trade Park

Chair Session 7 Session 5 June 2017 8:30-10:10 401, 4/F Contributed International Trade and Michael University of Cyprus 231 International Migration of Slobodan Djajic; Graduate institute Michael Michael University of Cyprus 7.1c (Mon) Labor Market Michael Skilled Workers with Michael Michael; University of Cyprus* Endogenous Policies Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 7 Session 5 June 2017 8:30-10:10 402, 4/F Contributed Family Economics II Xinzheng Shi Tsinghua University 870 How Do Chinese Spend Their Binzhen Wu; Tsinghua University Binzhen Wu Tsinghua University 7.2c (Mon) Time? Evidence from Chinese Time Use Survey

Session 7 Session 5 June 2017 8:30-10:10 402, 4/F Contributed Family Economics II Xinzheng Shi Tsinghua University 1069 Your Wingman Could Help Attakrit Leckcivilize; University of Aberdeen Alexander Straub Leibniz University of 7.2c (Mon) Land You a Job: How Beauty Alexander Straub; Leibniz University of Hannover* Hannover Composition of Applicants Affects the Call-Back Probability Session 7 Session 5 June 2017 8:30-10:10 402, 4/F Contributed Family Economics II Xinzheng Shi Tsinghua University 1269 How Does Competition Affect Jaesun Lee; Tongji University Jaesun Lee Tongji University 7.2c (Mon) People Economically and Emotionally?

Chair Session 7 Session 5 June 2017 8:30-10:10 402, 4/F Contributed Family Economics II Xinzheng Shi Tsinghua University 158 Are Spousal Labor Supplies Yueyuan Ma; University of Pennsylvania Xinzheng Shi Tsinghua University 7.2c (Mon) Substitutes? Evidence from Xinzheng Shi; Tsinghua University* the Workweek Reduction Policy in China

Session 7 Session 5 June 2017 8:30-10:10 403, 4/F Contributed Information and Johann Caro- Hiroshima University 549 Polarization and Issue- Tiberiu Dragu; New York University Xiaochen Fan New York University 7.3c (Mon) Collective Decision Burnett Selection in Electoral Xiaochen Fan; New York University* Making Campaigns

Session 7 Session 5 June 2017 8:30-10:10 403, 4/F Contributed Information and Johann Caro- Hiroshima University 773 Similarity and Value of Lily Ling Yang; University of Sydney Lily Ling Yang University of Sydney 7.3c (Mon) Collective Decision Burnett Information Making

Session 7 Session 5 June 2017 8:30-10:10 403, 4/F Contributed Information and Johann Caro- Hiroshima University 832 Coarse Communication and Qinggong Wu; The Chinese University of Hong Qinggong Wu The Chinese 7.3c (Mon) Collective Decision Burnett Institution Design Kong University of Hong Making Kong

Chair Session 7 Session 5 June 2017 8:30-10:10 403, 4/F Contributed Information and Johann Caro- Hiroshima University 117 Optimal Voting Rules for Johann Caro-Burnett; Hiroshima University Johann Caro-Burnett Hiroshima University 7.3c (Mon) Collective Decision Burnett International Organizations, Making with an Application to the UN

Session 7 Session 5 June 2017 8:30-10:10 404, 4/F Contributed Platforms C. Matthew The Chinese University of 662 Non-Price Discrimination by a Ming Gao; Tsinghua University* Ming Gao Tsinghua University 7.4c (Mon) Shi Hong Kong Prejudiced Platform Travis Ng; The Chinese University of Hong Kong

Session 7 Session 5 June 2017 8:30-10:10 404, 4/F Contributed Platforms C. Matthew The Chinese University of 1072 Bundling, Consumer Keke Sun; Catholic University of Chile/ MIPP Keke Sun Catholic University of 7.4c (Mon) Shi Hong Kong Heterogeneity, and Platform Chile/ MIPP Competition

Session 7 Session 5 June 2017 8:30-10:10 404, 4/F Contributed Platforms C. Matthew The Chinese University of 1290 The Exclusive Non-Exclusive Kenneth Chuk; University of Southern California* Kenneth Chuk University of 7.4c (Mon) Shi Hong Kong Two Sided Markets Jorge Tamayo; University of Southern California Southern California and Banco de la Republica de Colombia

Session 7 Session 5 June 2017 8:30-10:10 406, 4/F Contributed Auctions and Daniel The University of Tokyo 531 The Effect of Collusion on Charles Noussair; University of Arizona* Gyula Seres Humboldt University/ 7.6c (Mon) Mechanisms II Marszalec Efficiency in Experimental Gyula Seres; Humboldt University/ Tilburg Tilburg University Auctions University

Session 7 Session 5 June 2017 8:30-10:10 406, 4/F Contributed Auctions and Daniel The University of Tokyo 998 A Budget-Balanced Younghwan In; Korea Advanced Institute of Younghwan In Korea Advanced 7.6c (Mon) Mechanisms II Marszalec Mechanism for Siting Noxious Science and Technology* Institute of Science Facilities with Identity- Yunkyeong Seo; Korea Advanced Institute of and Technology Dependent Externalities Science and Technology

Session 7 Session 5 June 2017 8:30-10:10 406, 4/F Contributed Auctions and Daniel The University of Tokyo 1249 Optimal Shill-Bid-Proof Dazhong Wang; Sun Yat-sen University* Dazhong Wang Sun Yat-sen 7.6c (Mon) Mechanisms II Marszalec General Vickrey Trading Rukai Gong; Donghua University University Mechanism Ning Sun; Shanghai University of Finance and Economics

Chair Session 7 Session 5 June 2017 8:30-10:10 406, 4/F Contributed Auctions and Daniel The University of Tokyo 438 Don't Fear the Simplicity - An Daniel Marszalec; The University of Tokyo Daniel Marszalec The University of 7.6c (Mon) Mechanisms II Marszalec Experimental Analysis of Tokyo Auctions for Complements

Session 7 Session 5 June 2017 8:30-10:10 407, 4/F Contributed Asset Pricing Adem Atmaz Purdue University 504 Will Yield Factors Tell More? A Qingbin Wang; Johnson and Wales University Qingbin Wang Johnson and Wales 7.7c (Mon) Generalized Affine HJM University Model with Unspanned Stochastic Volatility

Session 7 Session 5 June 2017 8:30-10:10 407, 4/F Contributed Asset Pricing Adem Atmaz Purdue University 851 Estimating Loss Given Default Lily Liu; Federal Reserve Bank of Boston Lily Y Liu Federal Reserve Bank 7.7c (Mon) from CDS under Weak of Boston Identification

Chair Session 7 Session 5 June 2017 8:30-10:10 407, 4/F Contributed Asset Pricing Adem Atmaz Purdue University 222 Option Prices and Costly Short- Adem Atmaz; Purdue University* Adem Atmaz Purdue University 7.7c (Mon) Selling Suleyman Basak; London Business School

Session 7 Session 5 June 2017 8:30-10:10 408, 4/F Contributed Nonparametric Daniel University of Alabama 190 Ordered Response Models Zhutong Gu; Rutgers University* Zhutong Gu Rutgers University 7.8c (Mon) Econometrics Henderson with Unobserved Correlated Yixiao Jiang; Rutgers University - New Brunswick Thresholds: An Application in Shuyang Yang; Rutgers University - New Assessing Bond Overrating Brunswick Bias Session 7 Session 5 June 2017 8:30-10:10 408, 4/F Contributed Nonparametric Daniel University of Alabama 468 To Lie or Not to Lie: Survey Bin Peng; University of Technology Sydney Mengxi Zhang University of 7.8c (Mon) Econometrics Henderson Mode Effects on the Validity Mengxi Zhang; University of Technology Sydney* Technology Sydney of Self-Reported Substance Xiaohui Zhang; University of Exeter Use Data

Session 7 Session 5 June 2017 8:30-10:10 408, 4/F Contributed Nonparametric Daniel University of Alabama 544 Estimation of a Partially Linear Xin Geng; International Food Policy Research Carlos Martins-Filho University of 7.8c (Mon) Econometrics Henderson Regression in Triangular Institute Colorado-Boulder Systems Carlos Martins-Filho; University of Colorado- Boulder* Feng Yao; West Virginia University Chair Session 7 Session 5 June 2017 8:30-10:10 408, 4/F Contributed Nonparametric Daniel University of Alabama 255 A Partially Parametric Model Daniel Henderson; University of Alabama* Daniel Henderson University of Alabama 7.8c (Mon) Econometrics Henderson Christopher Parmeter; University of Miami

Session 7 Session 5 June 2017 8:30-10:10 409, 4/F Contributed Signaling Massimo University of Technology 241 Meaning, Its Evolution, and Ernest Lai; Lehigh University* Ernest Lai Lehigh University 7.9c (Mon) Scotti Sydney Credibility in Experimental Wooyoung Lim; Hong Kong University of Science Cheap-Talk Games and Technology

Session 7 Session 5 June 2017 8:30-10:10 409, 4/F Contributed Signaling Massimo University of Technology 348 Investing in Trading Sander Heinsalu; Australian National University Sander Heinsalu Australian National 7.9c (Mon) Scotti Sydney Opportunities in Dynamic University Adverse Selection

Session 7 Session 5 June 2017 8:30-10:10 409, 4/F Contributed Signaling Massimo University of Technology 1198 Monotonic Cheap Talk Shih En Lu; Simon Fraser University Shih En Lu Simon Fraser 7.9c (Mon) Scotti Sydney University Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 7 Session 5 June 2017 8:30-10:10 409, 4/F Contributed Signaling Massimo University of Technology 957 Good Lies Filippo Pavesi; University of Verona & Stevens Massimo Scotti University of 7.9c (Mon) Scotti Sydney Institute of Technology Technology Sydney Massimo Scotti; University of Technology Sydney*

Session 7 Session 5 June 2017 8:30-10:10 410, 4/F Contributed Bootstrap and Testing Ping Yu The University of Hong 471 On Bootstrap Inconsistency Wenjie Wang; Hiroshima University Wenjie Wang Hiroshima University 7.10c (Mon) Kong and Bonferroni-Based Size- Correction for the Subset Anderson-Rubin Test

Session 7 Session 5 June 2017 8:30-10:10 410, 4/F Contributed Bootstrap and Testing Ping Yu The University of Hong 915 The Numerical Delta Method Han Hong; Stanford University Jessie Li University of 7.10c (Mon) Kong and Bootstrap Jessie Li; University of California, Santa Cruz* California, Santa Cruz

Chair Session 7 Session 5 June 2017 8:30-10:10 410, 4/F Contributed Bootstrap and Testing Ping Yu The University of Hong 130 Testing Conditional Rank Ping Yu; The University of Hong Kong Ping Yu The University of 7.10c (Mon) Kong Similarity with and without Hong Kong Covariates

Session 7 Session 5 June 2017 8:30-10:10 411, 4/F Contributed Education Economics II Lingsheng Tsinghua University 351 The Relationship between Haoming Liu; National University of Singapore Songtao Yang South China 7.11c (Mon) Meng Female Education and Songtao Yang; South China University of University of Marriage Outcomes Technology* Technology

Session 7 Session 5 June 2017 8:30-10:10 411, 4/F Contributed Education Economics II Lingsheng Tsinghua University 695 Compulsory Schooling and the Sophie van Huellen; SOAS University of London* Sophie Van Huellen SOAS University of 7.11c (Mon) Meng Returns to Education: a Re- Duo Qin; SOAS, University of London London Examination

Session 7 Session 5 June 2017 8:30-10:10 411, 4/F Contributed Education Economics II Lingsheng Tsinghua University 875 Post-Lasso IV Estimation of Bin Jiang; Monash University Jun Sung Kim Monash University 7.11c (Mon) Meng Returns to Women’s Jun Sung Kim; Monash University* Education Chuhui Li; Monash University Hee-Seung Yang; Monash University

Chair Session 7 Session 5 June 2017 8:30-10:10 411, 4/F Contributed Education Economics II Lingsheng Tsinghua University 538 Scarring Effects of Deprived Hongbin Li; Tsinghua University Lingsheng Meng Tsinghua University 7.11c (Mon) Meng College Education during Lingsheng Meng; Tsinghua University* China's Cultural Revolution

Session 7 Session 5 June 2017 8:30-10:10 501, 5/F Contributed Education I Kartik Athreya Federal Reserve Bank of 203 The Impact of Early Grading Luca Facchinello; Singapore Management Luca Facchinello Singapore 7.12c (Mon) Richmond on Academic Choices: University Management Mechanisms and Social University Implications

Session 7 Session 5 June 2017 8:30-10:10 501, 5/F Contributed Education I Kartik Athreya Federal Reserve Bank of 399 Born to be More Educated? Young-Joo Kim; Hongik University Young-Joo Kim Hongik University 7.12c (Mon) Richmond Birth Order and Schooling

Session 7 Session 5 June 2017 8:30-10:10 501, 5/F Contributed Education I Kartik Athreya Federal Reserve Bank of 656 Private Tutoring, Studying Seik Kim; Korea University Seik Kim Korea University 7.12c (Mon) Richmond Alone, and Labor Market Performance

Chair Session 7 Session 5 June 2017 8:30-10:10 501, 5/F Contributed Education I Kartik Athreya Federal Reserve Bank of 1101 Investment Opportunities and Kartik Athreya; Federal Reserve Bank of Kartik Athreya Federal Reserve Bank 7.12c (Mon) Richmond the Sources of Lifetime Richmond* of Richmond Inequality Felicia Ionescu; Federal Reserve Board Urvi Neelakantan; Federal Reserve Bank of Richmond Ivan Vidangos; Federal Reserve Board Session 7 Session 5 June 2017 8:30-10:10 502, 5/F Contributed Bayesian Analysis Scott Atkinson University of Georgia 350 Flexible Bayesian Quantile Mohammad Arshad Rahman; Indian Institute of Mohammad Rahman Indian Institute of 7.13c (Mon) Regression in Ordinal Models Technology Kanpur Arshad Technology Kanpur

Session 7 Session 5 June 2017 8:30-10:10 502, 5/F Contributed Bayesian Analysis Scott Atkinson University of Georgia 829 Reduced Rank Regression in Kelly D.T. Trinh; The University of Queensland* Kelly Trinh The University of 7.13c (Mon) Large Var Models Rodney Strachan; The University of Queensland Queensland

Chair Session 7 Session 5 June 2017 8:30-10:10 502, 5/F Contributed Bayesian Analysis Scott Atkinson University of Georgia 580 Generalized Estimation of Scott Atkinson; University of Georgia* Scott Atkinson University of Georgia 7.13c (Mon) Productivity with Multiple Bad Mike Tsionas; Lancaster University Outputs: The Importance of Materials Balance Constraints

Session 7 Session 5 June 2017 8:30-10:10 503, 5/F Contributed International Trade II Paolo Epifani University of Nottingham 294 Macroeconomic Implications Thepthida Sopraseuth; University of Cergy* Thepthida Sopraseuth University of Cergy 7.14c (Mon) of Learning and Financial Eleni Iliopulos; PSE, University of Pairs 1, Frictions in Interdependent CEPREMAP Economies Erica Perego; CEPREMAP

Session 7 Session 5 June 2017 8:30-10:10 503, 5/F Contributed International Trade II Paolo Epifani University of Nottingham 344 Trade-Driven Sectoral Shifts Haiping Zhang; University of Auckland Haiping Zhang University of 7.14c (Mon) and the Global Imbalances Auckland

Session 7 Session 5 June 2017 8:30-10:10 503, 5/F Contributed International Trade II Paolo Epifani University of Nottingham 739 On Emergence and Soh Kaneko; Keio University* Soh Kaneko Keio University 7.14c (Mon) Persistency of Unequal Naoki Yoshihara; University of Massachusetts at Exchange Free Trade Amherst Equilibria in the Pre-Industrial Capitalist World Economy Chair Session 7 Session 5 June 2017 8:30-10:10 503, 5/F Contributed International Trade II Paolo Epifani University of Nottingham 1168 Global Imbalances Revisited: Paolo Epifani; University of Nottingham* Paolo Epifani University of 7.14c (Mon) The Transfer Problem and Gino Gancia; Universitat Pompeu Fabra Nottingham Transport Costs in Monopolistic Competition

Session 7 Session 5 June 2017 8:30-10:10 504, 5/F Contributed Macro Labor II Changkeun Korea Development 57 Employment, Wages and Martin Bodenstein; Federal Reserve Board Junzhu Zhao National University of 7.15c (Mon) Lee Institute Optimal Monetary Policy Junzhu Zhao; National University of Singapore* Singapore

Session 7 Session 5 June 2017 8:30-10:10 504, 5/F Contributed Macro Labor II Changkeun Korea Development 666 Uncertainty and Labor Force Idriss Fontaine; Université de La Réunion Idriss Fontaine Université de La 7.15c (Mon) Lee Institute Participation Réunion

Session 7 Session 5 June 2017 8:30-10:10 504, 5/F Contributed Macro Labor II Changkeun Korea Development 1232 The Effects of Skill-Biased Chingyang Lin; International University of Japan Chingyang Lin International 7.15c (Mon) Lee Institute Partial Labor Reforms on the University of Japan Macroeconomic Outcomes

Chair Session 7 Session 5 June 2017 8:30-10:10 504, 5/F Contributed Macro Labor II Changkeun Korea Development 1196 Job Reallocation during The Changkeun Lee; Korea Development Institute Changkeun Lee Korea Development 7.15c (Mon) Lee Institute Great Depression: Testing the Institute Cleansing Hypothesis

Session 7 Session 5 June 2017 8:30-10:10 505, 5/F Contributed Implementation Olivier Bochet New York University Abu 333 Temporary Implementation Michele Lombardi; University of Glasgow Michele Lombardi University of Glasgow 7.16c (Mon) Dhabi Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 7 Session 5 June 2017 8:30-10:10 505, 5/F Contributed Implementation Olivier Bochet New York University Abu 810 Rationalizable Ritesh Jain; Ohio State University Ritesh Jain Ohio State University 7.16c (Mon) Dhabi Implementation of Social Choice Correspondences

Session 7 Session 5 June 2017 8:30-10:10 505, 5/F Contributed Implementation Olivier Bochet New York University Abu 922 Behavioral Implementation Mehmet Barlo; Sabanci University Nuh Aygun Dalkiran Bilkent University 7.16c (Mon) Dhabi under Incomplete Information Nuh Aygun Dalkiran; Bilkent University*

Chair Session 7 Session 5 June 2017 8:30-10:10 505, 5/F Contributed Implementation Olivier Bochet New York University Abu 865 Prevalence of Truthtelling and Olivier Bochet; New York University Abu Dhabi Olivier Bochet New York University 7.16c (Mon) Dhabi Implementation Abu Dhabi

Session 7 Session 5 June 2017 8:30-10:10 506, 5/F Contributed Topics in Global Wataru Bank of Canada 736 Explaining World Savings Colin Caines; Federal Reserve Board* Colin Caines Federal Reserve 7.17c (Mon) Economy Miyamoto Amartya Lahiri; University of British Columbia Board

Session 7 Session 5 June 2017 8:30-10:10 506, 5/F Contributed Topics in Global Wataru Bank of Canada 794 The Dynamic Conditional Naijing Huang; Central University of Finance and Naijing Huang Central University of 7.17c (Mon) Economy Miyamoto Dependency between the Economics* Finance and Exchange Rates of European Shouyang Wang; Institute of Systems Science, Economics Countries and Chinese Academy of Mathematics and Systems Science Renminbi: A Copula-Garch Approach Chair Session 7 Session 5 June 2017 8:30-10:10 506, 5/F Contributed Topics in Global Wataru Bank of Canada 1108 The Effects of Government Wataru Miyamoto; Bank of Canada* Wataru Miyamoto Bank of Canada 7.17c (Mon) Economy Miyamoto Spending on Real Exchange Thuy Lan Nguyen; Santa Clara University Rates: Evidence from Military Viacheslav Sheremirov; Federal Reserve Bank of Spending Panel Data Boston

Session 7 Session 5 June 2017 8:30-10:10 507, 5/F Contributed Automobiles and Zhu Wang Federal Reserve Bank of 822 Modeling Supply and Demand Yuan Chen; University of California, Davis* Yuan Chen University of 7.18c (Mon) Airlines Richmond in the Chinese Automobile C.Y. Cynthia Lin Lawell; University of California, California, Davis Industry Davis Erich Muehlegger; University of California, Davis Yunshi Wang; University of California at Davis James E. Wilen; University of California, Davis Session 7 Session 5 June 2017 8:30-10:10 507, 5/F Contributed Automobiles and Zhu Wang Federal Reserve Bank of 971 Estimating Competitive Tomohiro Machikita; Institute of Developing Tomohiro Machikita Institute of 7.18c (Mon) Airlines Richmond Advantages and Positioning: Economies (IDE-JETRO) Developing Cases of Motorcycle Markets Economies (IDE- in Indonesia and Viet Nam JETRO)

Session 7 Session 5 June 2017 8:30-10:10 507, 5/F Contributed Automobiles and Zhu Wang Federal Reserve Bank of 1076 Congestion Delays, Horizontal Chunan Wang; Toulouse School of Economics Chunan Wang Toulouse School of 7.18c (Mon) Airlines Richmond Product Differentiation and (TSE)/ French Civil Aviation University (ENAC) Economics (TSE)/ Airline Networks French Civil Aviation University (ENAC)

Chair Session 7 Session 5 June 2017 8:30-10:10 507, 5/F Contributed Automobiles and Zhu Wang Federal Reserve Bank of 783 Competitors, Complementors, Luis Cabral; New York University Zhu Wang Federal Reserve Bank 7.18c (Mon) Airlines Richmond Parents and Places: Explaining Zhu Wang; Federal Reserve Bank of Richmond* of Richmond Regional Agglomeration in the Daniel Yi Xu; Duke University U.S. Auto Industry

Session 7 Session 5 June 2017 8:30-10:10 508, 5/F Contributed Corporate Finance Hyun Joong Im Peking University 1098 Can the Greater Fool Theory Xuan Zou; Rutgers University Xuan Zou Rutgers University 7.19c (Mon) Explain Chinese Stock Market Bubble?

Session 7 Session 5 June 2017 8:30-10:10 508, 5/F Contributed Corporate Finance Hyun Joong Im Peking University 1112 Do Firms Care about Xiao Zhang; Nankai University Xiao Zhang Nankai University 7.19c (Mon) Investment Opportunities? Evidence from China

Session 7 Session 5 June 2017 8:30-10:10 508, 5/F Contributed Corporate Finance Hyun Joong Im Peking University 1118 Optimistic and Stubborn: An Carlos Cueva; University of Alicante* Carlos Cueva University of Alicante 7.19c (Mon) Experimental Analysis of the Iñigo Iturbe-Ormaetxe; University of Alicante Disposition Effect Giovanni Ponti; Departamento de Fundamentos del Análisi Josefa Tomás; Universidad de Alicante Chair Session 7 Session 5 June 2017 8:30-10:10 508, 5/F Contributed Corporate Finance Hyun Joong Im Peking University 463 Economic Policy Uncertainty Hyun Joong Im; Peking University* Hyun Joong Im Peking University 7.19c (Mon) and Peer Effects in Corporate Ya Kang; National University of Singapore Investment Policy: Evidence Young Joon Park; Peking University from China

Session 7 Session 5 June 2017 8:30-10:10 509, 5/F Contributed Asset and Housing Feng Dong Shanghai Jiao Tong 378 Interest Rates and Housing Elliot Anenberg; Federal Reserve Board Edward Kung University of 7.20c (Mon) Market University Market Dynamics in a Housing Edward Kung; University of California, Los California, Los Search Model Angeles* Angeles

Session 7 Session 5 June 2017 8:30-10:10 509, 5/F Contributed Asset and Housing Feng Dong Shanghai Jiao Tong 644 Foreign Asset Accumulation Hao Jin; Xiamen University* Hao Jin Xiamen University 7.20c (Mon) Market University among Emerging Market Hewei Shen; Indiana University Bloomington Economies: A Case for Coordination

Session 7 Session 5 June 2017 8:30-10:10 509, 5/F Contributed Asset and Housing Feng Dong Shanghai Jiao Tong 755 How Auctions Amplify House- Alina Arefeva; Johns Hopkins Carey Business Alina Arefeva Johns Hopkins Carey 7.20c (Mon) Market University Price Fluctuations School Business School

Chair Session 7 Session 5 June 2017 8:30-10:10 509, 5/F Contributed Asset and Housing Feng Dong Shanghai Jiao Tong 1220 Liquidity Shortage and Feng Dong; Shanghai Jiao Tong University* Feng Dong Shanghai Jiao Tong 7.20c (Mon) Market University Financial Crisis: A Differential Yi Wen; Federal Reserve Bank of St. Louis University Approach

Session 7 Session 5 June 2017 8:30-10:10 510, 5/F Contributed Health and Aging Masaya Kwansei Gakuin 323 Preference Heterogeneity and Tianxu Chen; Shanghai University of Finance and Tianxu Chen Shanghai University 7.21c (Mon) Yasuoka University Medical Expenses under the Economics of Finance and Scheme of Health Savings Economics Accounts

Session 7 Session 5 June 2017 8:30-10:10 510, 5/F Contributed Health and Aging Masaya Kwansei Gakuin 897 How Do Providers Respond to Reo Takaku; Institute for Health Economics and Reo Takaku Institute for Health 7.21c (Mon) Yasuoka University Health Insurance Expansion? Policy Economics and Policy Evidence from Pediatric Clinics in Japan

Chair Session 7 Session 5 June 2017 8:30-10:10 510, 5/F Contributed Health and Aging Masaya Kwansei Gakuin 213 Fertility and Education Masaya Yasuoka; Kwansei Gakuin University Masaya Yasuoka Kwansei Gakuin 7.21c (Mon) Yasuoka University Investment Incentive in Pay- University As-You-Go Pension

Session 8 Session 5 June 2017 10:30-12:10 401, 4/F Contributed International Financial Meixin Guo Tsinghua University 191 Equilibrium Foreign Currency Marcin Kolasa; Narodowy Bank Polski Marcin Kolasa Narodowy Bank 8.1c (Mon) Markets II Mortgages Polski

Session 8 Session 5 June 2017 10:30-12:10 401, 4/F Contributed International Financial Meixin Guo Tsinghua University 820 A Network Analysis of Hongwei Chuang; Tohoku University Navruzbek Karamatov Tohoku University 8.1c (Mon) Markets II International Financial Flows Navruzbek Karamatov; Tohoku University*

Session 8 Session 5 June 2017 10:30-12:10 401, 4/F Contributed International Financial Meixin Guo Tsinghua University 1080 The Cross-Predictability of Xin Wang; University of Toronto Xin Wang University of Toronto 8.1c (Mon) Markets II Industry Returns in International Financial Markets Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 8 Session 5 June 2017 10:30-12:10 401, 4/F Contributed International Financial Meixin Guo Tsinghua University 215 Wealth Heterogeneity, Ronaldo Carpio; University of International Meixin Guo Tsinghua University 8.1c (Mon) Markets II Information Acquisition and Business & Economics Equity Home Bias Meixin Guo; Tsinghua University* Ju Hyun Pyun; Korea University

Session 8 Session 5 June 2017 10:30-12:10 402, 4/F Contributed China's International Jessica Leight Williams College 290 The Impact of China's Rare Zhe Chen; University of International Business and Zhe Chen University of 8.2c (Mon) Trade II Earth Policy on Downstream Economics* International Industries Zhongzhong Hu; University of International Business and Business and Economics Economics Kai Li; Xiamen University Session 8 Session 5 June 2017 10:30-12:10 402, 4/F Contributed China's International Jessica Leight Williams College 1057 On The Relationship between Haichao Fan; Fudan University Yao Amber Li Hong Kong University 8.2c (Mon) Trade II Quality and Productivity: Yao Amber Li; Hong Kong University of Science of Science and Evidence from China's and Technology* Technology Accession to the WTO Stephen Yeaple; Pennsylvania State University

Session 8 Session 5 June 2017 10:30-12:10 402, 4/F Contributed China's International Jessica Leight Williams College 1287 Trade Costs and Income Meixin Guo; Tsinghua University Lin Lu Tsinghua University 8.2c (Mon) Trade II Inequality in China Lin Lu; Tsinghua University*

Chair Session 8 Session 5 June 2017 10:30-12:10 402, 4/F Contributed China's International Jessica Leight Williams College 1164 Exporting out of Agriculture: Bilge Erten; Northeastern University Jessica Leight Williams College 8.2c (Mon) Trade II The Impact of WTO Accession Jessica Leight; Williams College* on Structural Transformation in China

Session 8 Session 5 June 2017 10:30-12:10 403, 4/F Contributed Banking, Credit Dimitrios University of Oxford 283 Financial Sector Bailouts, Matthew Greenwood-Nimmo; University of Matthew Greenwood- University of 8.3c (Mon) Allocation in Tsomocos Sovereign Bailouts and the Melbourne* Nimmo Melbourne Macroeconomics Transfer of Credit Risk Jingong Huang; University of Melbourne Viet Nguyen; University of Melbourne

Session 8 Session 5 June 2017 10:30-12:10 403, 4/F Contributed Banking, Credit Dimitrios University of Oxford 349 Financial Intermediary Xin Xue; University of Virginia Xin Xue University of Virginia 8.3c (Mon) Allocation in Tsomocos Competition, Information Macroeconomics Acquisition and Moral Hazard: Evidence from Peer-to-peer Lending Platforms Session 8 Session 5 June 2017 10:30-12:10 403, 4/F Contributed Banking, Credit Dimitrios University of Oxford 1130 Inflation, Inventory, and Ryan Kim; Columbia University Ryan Kim Columbia University 8.3c (Mon) Allocation in Tsomocos Credit Market Disruptions: Macroeconomics Micro-Level Evidence and Aggregate Implications

Session 8 Session 5 June 2017 10:30-12:10 403, 4/F Contributed Banking, Credit Dimitrios University of Oxford 995 Bank Risk-Taking in the Dsge Nuwat Nookhwun; University of Oxford/ Bank of Nuwat Nookhwun University of Oxford/ 8.3c (Mon) Allocation in Tsomocos Model with Heterogeneous Thailand* Bank of Thailand Macroeconomics Firms, Endogenous Default Dimitrios Tsomocos; University of Oxford and Financial Regulation

Session 8 Session 5 June 2017 10:30-12:10 404, 4/F Contributed Learning and Min Zhang University of St Andrews 574 Communication and the Philippos Louis; The University of New South Philippos Louis The University of New 8.4c (Mon) Communication Emergence of a Wales* South Wales Unidimensional World Orestis Troumpounis; Lancaster University Nikolas Tsakas; University of Cyprus

Session 8 Session 5 June 2017 10:30-12:10 404, 4/F Contributed Learning and Min Zhang University of St Andrews 1219 Communication in Collective Jidong Chen; Beijing Normal University Jidong Chen Beijing Normal 8.4c (Mon) Communication Bargaining University

Session 8 Session 5 June 2017 10:30-12:10 404, 4/F Contributed Learning and Min Zhang University of St Andrews 1291 When Ignorance is Bliss: Boris Ginzburg; Universidad Carlos III de Madrid* Boris Ginzburg Universidad Carlos III 8.4c (Mon) Communication Theory and Experiment on Jose Guerra; Universidad del los Andes de Madrid Collective Learning

Chair Session 8 Session 5 June 2017 10:30-12:10 404, 4/F Contributed Learning and Min Zhang University of St Andrews 568 Learning and Price Dynamics Min Zhang; University of St Andrews* Min Zhang University of St 8.4c (Mon) Communication of Durable Goods with Resale Francesco Palazzo; Bank of Italy Andrews

Session 8 Session 5 June 2017 10:30-12:10 406, 4/F Contributed Microeconometrics: Pedro H. C. Vanderbilt University 420 Tobit Models With Social Chao Yang; Shanghai University of Finance and Chao Yang Shanghai University 8.6c (Mon) Limited Dependent Sant'Anna Interactions: Complete Vs Economics* of Finance and Variable Incomplete Information Lung-fei Lee; Ohio State University Economics Xi Qu; Shanghai Jiao Tong University

Session 8 Session 5 June 2017 10:30-12:10 406, 4/F Contributed Microeconometrics: Pedro H. C. Vanderbilt University 676 Simultaneous Binary Choice Tadao Hoshino; Tokyo University of Science Tadao Hoshino Tokyo University of 8.6c (Mon) Limited Dependent Sant'Anna Models with Social Science Variable Interactions: An Empirical Application to Youth Delinquency Session 8 Session 5 June 2017 10:30-12:10 406, 4/F Contributed Microeconometrics: Pedro H. C. Vanderbilt University 718 The Effects of Self-Reported Philip Clarke; The University of Melbourne Kevin Staub The University of 8.6c (Mon) Limited Dependent Sant'Anna Health: Dealing with Dennis Petrie; The University of Melbourne Melbourne Variable Misclassification Bias Kevin Staub; The University of Melbourne*

Chair Session 8 Session 5 June 2017 10:30-12:10 406, 4/F Contributed Microeconometrics: Pedro H. C. Vanderbilt University 828 Specification Tests for the Pedro H. C. Sant'Anna; Vanderbilt University* Pedro H. C. Sant'Anna Vanderbilt University 8.6c (Mon) Limited Dependent Sant'Anna Propensity Score Xiaojun Song; Peking University Variable

Session 8 Session 5 June 2017 10:30-12:10 407, 4/F Contributed Pricing Ming Gao Tsinghua University 95 Competitive Effects of Joana Resende; FEP, Universidade do Porto* Joana Resende FEP, Universidade do 8.7c (Mon) Personalized Pricing through Rosa-Branca Esteves; Universidade do Minho and Porto Targeted Advertising NIPE

Session 8 Session 5 June 2017 10:30-12:10 407, 4/F Contributed Pricing Ming Gao Tsinghua University 204 Loan Limit Policy and Chao Ma; Xiamen University* Chao Ma Xiamen University 8.7c (Mon) Mortgage Interest Discrimination

Session 8 Session 5 June 2017 10:30-12:10 407, 4/F Contributed Pricing Ming Gao Tsinghua University 1208 Resale Price Maintenance Wenzheng Mao; The University of Hong Kong* Wenzheng Mao The University of 8.7c (Mon) without Services Travis Ng; The Chinese University of Hong Kong Hong Kong

Chair Session 8 Session 5 June 2017 10:30-12:10 407, 4/F Contributed Pricing Ming Gao Tsinghua University 654 Multi-Seller Membership Ming Gao; Tsinghua University Ming Gao Tsinghua University 8.7c (Mon) Pricing

Session 8 Session 5 June 2017 10:30-12:10 408, 4/F Contributed Monetary Economics Ge Zhou Zhejiang University 327 Innovation and Imitation in a Hung-Ju Chen; National Taiwan University Hung-Ju Chen National Taiwan 8.8c (Mon) Product-Cycle Model with FDI University and Cash-In-Advance Constraints

Session 8 Session 5 June 2017 10:30-12:10 408, 4/F Contributed Monetary Economics Ge Zhou Zhejiang University 670 Time-Varying Lower Bound of Jing Cynthia Wu; University of Chicago Fan Dora Xia Bank for International 8.8c (Mon) Interest Rates in Europe Fan Dora Xia; Bank for International Settlements* Settlements

Chair Session 8 Session 5 June 2017 10:30-12:10 408, 4/F Contributed Monetary Economics Ge Zhou Zhejiang University 489 Rational Bubbles in a Ge Zhou; Zhejiang University Ge Zhou Zhejiang University 8.8c (Mon) Monetary Economy Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 8 Session 5 June 2017 10:30-12:10 409, 4/F Contributed Topics in Network and Ayako Kondo The University of Tokyo 433 Econometric Analysis of M. Hashem Pesaran; University of Southern Cynthia Fan Yang University of 8.9c (Mon) Supply Chain Production Networks with California/ Trinity College, Cambridge Southern California Dominant Units Cynthia Fan Yang; University of Southern California*

Session 8 Session 5 June 2017 10:30-12:10 409, 4/F Contributed Topics in Network and Ayako Kondo The University of Tokyo 860 The 2011 Tsunami and Haeng-Sun Kim; Korea Institute of Local Finance Elisabetta Magnani Macquarie University 8.9c (Mon) Supply Chain Adjustment along a Global Elisabetta Magnani; Macquarie University* Production Network: Evidence from Japanese Subsidiaries in South Korea Chair Session 8 Session 5 June 2017 10:30-12:10 409, 4/F Contributed Topics in Network and Ayako Kondo The University of Tokyo 904 The Effects of Supply Chain Ayako Kondo; The University of Tokyo Ayako Kondo The University of 8.9c (Mon) Supply Chain Disruptions Caused by the Tokyo Great East Japan Earthquake on Workers

Session 8 Session 5 June 2017 10:30-12:10 410, 4/F Contributed Bargaining Theory Kang Rong Shanghai University of 585 A Solution for Games with Liang Mao; Shenzhen University* Liang Mao Shenzhen University 8.10c (Mon) Finance and Economics Inadequate Information Lixin Ye; The Ohio State University

Session 8 Session 5 June 2017 10:30-12:10 410, 4/F Contributed Bargaining Theory Kang Rong Shanghai University of 967 Efficiency of Wage Bargaining Xiaoming Cai; Tongji University Xiaoming Cai Tongji University 8.10c (Mon) Finance and Economics with On-The-Job Search

Session 8 Session 5 June 2017 10:30-12:10 410, 4/F Contributed Bargaining Theory Kang Rong Shanghai University of 1243 Insisting on Fair Divisions in Murat Yilmaz; Bogazici University* Murat Yilmaz Bogazici University 8.10c (Mon) Finance and Economics Sequential Bargaining with Ozgur Yilmaz; Koc University Asymmetric Information

Chair Session 8 Session 5 June 2017 10:30-12:10 410, 4/F Contributed Bargaining Theory Kang Rong Shanghai University of 638 The Gambling Effect of Final- Kang Rong; Shanghai University of Finance and Kang Rong Shanghai University 8.10c (Mon) Finance and Economics Offer Arbitration in Bargaining Economics* of Finance and King King Li; City University of Hong Kong Economics

Session 8 Session 5 June 2017 10:30-12:10 411, 4/F Contributed Social Choice and Fair Shurojit Singapore Management 40 Random Assignments on Peng Liu; Singapore Management University Huaxia Zeng Lingnan College, Sun 8.11c (Mon) Distribution Chatterji University Preference Domains with a Huaxia Zeng; Lingnan College, Sun Yat-sen Yat-sen University Tier Structure University*

Session 8 Session 5 June 2017 10:30-12:10 411, 4/F Contributed Social Choice and Fair Shurojit Singapore Management 816 Equal Treatment of Equals Tomoya Kazumura; The University of Tokyo* Tomoya Kazumura The University of 8.11c (Mon) Distribution Chatterji University and Strategy-proofness in Debasis Mishra; Indian Statistical Institute, Delhi Tokyo Object Allocation with Non- Shigehiro Serizawa; Osaka University quasi-linear Preferences

Session 8 Session 5 June 2017 10:30-12:10 411, 4/F Contributed Social Choice and Fair Shurojit Singapore Management 993 Binary Collective Choice with Masaki Miyashita; The University of Tokyo Masaki Miyashita The University of 8.11c (Mon) Distribution Chatterji University Multiple Premises Tokyo

Chair Session 8 Session 5 June 2017 10:30-12:10 411, 4/F Contributed Social Choice and Fair Shurojit Singapore Management 111 Random Social Choice Shurojit Chatterji; Singapore Management Shurojit Chatterji Singapore 8.11c (Mon) Distribution Chatterji University Functions on University* Management Multidimensional Domains Huaxia Zeng; Lingnan College, Sun Yat Sen University University

Session 8 Session 5 June 2017 10:30-12:10 501, 5/F Contributed Time-Series and Luciano de University of Iowa 587 On Trigonometric Trend Pierre Perron; Boston University Mototsugu Shintani The University of 8.12c (Mon) Dynamic Models Castro Regressions of Unknown Mototsugu Shintani; The University of Tokyo* Tokyo Frequencies in the Presence Tomoyoshi Yabu; Keio University of Autoregressive Errors

Session 8 Session 5 June 2017 10:30-12:10 501, 5/F Contributed Time-Series and Luciano de University of Iowa 976 A Unified Approach to Yingying Li; Hong Kong University of Science and Zhiyuan Zhang Shanghai University 8.12c (Mon) Dynamic Models Castro Volatility Estimation in the Technology of Finance and Presence of Both Rounding Zhiyuan Zhang; Shanghai University of Finance Economics and Random Market and Economics* Microstructure Noise Yichu Li; Investment Technology Group Session 8 Session 5 June 2017 10:30-12:10 501, 5/F Contributed Time-Series and Luciano de University of Iowa 1006 Estimation Theory for a Class Christian Hafner; Université Catholique de Louvain Dimitra Kyriakopoulo Université Catholique 8.12c (Mon) Dynamic Models Castro of Exponential-Type GARCH Dimitra Kyriakopoulou; Université Catholique de u de Louvain Models with Risk Premium Louvain*

Chair Session 8 Session 5 June 2017 10:30-12:10 501, 5/F Contributed Time-Series and Luciano de University of Iowa 195 Dynamic Quantile Models of Luciano de Castro; University of Iowa* Luciano De Castro University of Iowa 8.12c (Mon) Dynamic Models Castro Rational Behavior Antonio Galvao; University of Iowa

Session 8 Session 5 June 2017 10:30-12:10 502, 5/F Contributed Consumption and David Albouy University of Illinois 768 Missing Consumption Raul Santaeulalia-Llopis; MOVE-UAB and Yu Zheng City University of 8.13c (Mon) Insurance Inequality: Direct Evidence Barcelona GSE Hong Kong from Individual Food Data Yu Zheng; The City University of Hong Kong*

Session 8 Session 5 June 2017 10:30-12:10 502, 5/F Contributed Consumption and David Albouy University of Illinois 948 Financial Incentives and Yuanyuan Ma; Zhongnan University of Economics Yuanyuan Ma Zhongnan University 8.13c (Mon) Insurance Healthcare Utilisation in an and Law/Trinity College Dublin/IZA* of Economics and Ageing Society Anne Nolan; ESRI/Trinity College Dublin Law/Trinity College Neil O'Leary; National University of Ireland, Dublin/IZA Galway Session 8 Session 5 June 2017 10:30-12:10 502, 5/F Contributed Consumption and David Albouy University of Illinois 987 Can an Economic Structural Masamune Iwasawa; The University of Tokyo* Masamune Iwasawa The University of 8.13c (Mon) Insurance Model Support Hypothetical Hayato Nakanishi; Kanagawa University Tokyo and Experimental Evidence? Preference Parameters before and after the Great East Japan Earthquake Chair Session 8 Session 5 June 2017 10:30-12:10 502, 5/F Contributed Consumption and David Albouy University of Illinois 1343 Housing Demand, Cost-of- David Albouy; University of Illinois* David Albouy University of Illinois 8.13c (Mon) Insurance Living Inequality, and the Gabriel Ehrlich; University of Michigan Affordability Crisis

Session 8 Session 5 June 2017 10:30-12:10 503, 5/F Contributed Gender and Marriage Eugene Choo Yale-NUS College 221 The Aggregate Implications of Margherita Borella; Unversity of Torino Fang Yang Louisiana State 8.14c (Mon) Gender and Marriage Mariacristina De Nardi; Federal Reserve Bank of University Chicago Fang Yang; Louisiana State University*

Session 8 Session 5 June 2017 10:30-12:10 503, 5/F Contributed Gender and Marriage Eugene Choo Yale-NUS College 767 Rushed to the Altar: The Yan Hu; CEMFI Yan Hu CEMFI 8.14c (Mon) Effect of Social Interactions on Migrant Workers' Marriage Age

Session 8 Session 5 June 2017 10:30-12:10 503, 5/F Contributed Gender and Marriage Eugene Choo Yale-NUS College 1305 Does Sex Ratio Favor All Yuan Hu; The Chinese University of Hong Kong Yuan Hu The Chinese 8.14c (Mon) Women in China? Marriage University of Hong Squeeze for Highly Educated Kong Women after College Expansion Chair Session 8 Session 5 June 2017 10:30-12:10 503, 5/F Contributed Gender and Marriage Eugene Choo Yale-NUS College 643 Identification of Eugene Choo; Yale-NUS College Eugene Choo Yale-NUS College 8.14c (Mon) Counterfactuals in Marriage Matching Models

Session 8 Session 5 June 2017 10:30-12:10 504, 5/F Contributed Business Cycle and Marko Bank of England 188 Does Sentiment Matter? Lucas Kyriacou; University of Bern* Lucas Kyriacou University of Bern 8.15c (Mon) Macro Policy I Melolinna Luca Benati; University of Bern Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 8 Session 5 June 2017 10:30-12:10 504, 5/F Contributed Business Cycle and Marko Bank of England 686 Business Cycle Co-Movement Peijie Wang; University of Plymouth Peijie Wang University of 8.15c (Mon) Macro Policy I Melolinna Spectra - A Spectral Analysis Plymouth of Output Fluctuations of G7 Economies

Session 8 Session 5 June 2017 10:30-12:10 504, 5/F Contributed Business Cycle and Marko Bank of England 979 What Drives Asian Business Sheue Li Ong; Tunku Abdul Rahman University Sheue Li Ong Tunku Abdul Rahman 8.15c (Mon) Macro Policy I Melolinna Cycle Synchronization? College* University College Analysis of Cross-Country Kiyotaka Sato; Yokohama National University Spillover by the Dynamic Factor Model with Time- Varying Parameters Chair Session 8 Session 5 June 2017 10:30-12:10 504, 5/F Contributed Business Cycle and Marko Bank of England 1067 What Drives Business Marko Melolinna; Bank of England Marko Melolinna Bank of England 8.15c (Mon) Macro Policy I Melolinna Investment in the UK? Results from a Firm-Level VAR Approach

Session 8 Session 5 June 2017 10:30-12:10 506, 5/F Contributed Inequality and Tax Been-Lon Academia Sinica 162 Inequality and the Size of Weijie Luo; The University of York* Weijie Luo The University of York 8.17c (Mon) Policy Chen Government Andrew Pickering; University of York Paulo Santos Monteiro; University of York

Session 8 Session 5 June 2017 10:30-12:10 506, 5/F Contributed Inequality and Tax Been-Lon Academia Sinica 694 On the Excess Burden of Sebastian Wende; Australian National University* Sebastian Wende Australian National 8.17c (Mon) Policy Chen Taxation in an Overlapping Chung Tran; Australian National University University Generations Model

Session 8 Session 5 June 2017 10:30-12:10 506, 5/F Contributed Inequality and Tax Been-Lon Academia Sinica 738 Taxes and Market Hours -- the Lei Fang; Federal Reserve Bank of Atlanta* Lei Fang Federal Reserve Bank 8.17c (Mon) Policy Chen Role of Gender and Skill Rachel Ngai; London School of Economics of Atlanta Robert Duval Hernandez; Unversity of Cyprus

Chair Session 8 Session 5 June 2017 10:30-12:10 506, 5/F Contributed Inequality and Tax Been-Lon Academia Sinica 242 Human Capital and Optimal Been-Lon Chen; Academia Sinica* Been-Lon Chen Academia Sinica 8.17c (Mon) Policy Chen Income Taxes over the Life Fei-Chi Liang, National Taiwan University Cycle

Session 8 Session 5 June 2017 10:30-12:10 507, 5/F Contributed Topics in Economic Maciej Harvard University 267 Equilibrium Characterization Lei Gao; Shandong University Lei Gao Shandong University 8.18c (Mon) Theory III Kotowski of Repeated Games with Private Monitoring

Session 8 Session 5 June 2017 10:30-12:10 507, 5/F Contributed Topics in Economic Maciej Harvard University 428 Partially-Honest Nash Michele Lombardi; University of Glasgow Naoki Yoshihara University of 8.18c (Mon) Theory III Kotowski Implementation: A Full Naoki Yoshihara; University of Massachusetts at Massachusetts at Characterization Amherst* Amherst

Session 8 Session 5 June 2017 10:30-12:10 507, 5/F Contributed Topics in Economic Maciej Harvard University 701 A Model of Endogenous Kazuya Kikuchi; Waseda University Kazuya Kikuchi Waseda University 8.18c (Mon) Theory III Kotowski Apportionment

Chair Session 8 Session 5 June 2017 10:30-12:10 507, 5/F Contributed Topics in Economic Maciej Harvard University 189 Endowments, Exclusion, and Ivan Balbuzanov; The University of Melbourne Maciej Kotowski Harvard University 8.18c (Mon) Theory III Kotowski Exchange Maciej Kotowski; Harvard University*

Session 8 Session 5 June 2017 10:30-12:10 508, 5/F Contributed Urban Economics and Takeshi Kyushu University 488 Estimating the Effects of Fan Wang; University of Houston* Fan Wang University of Houston 8.19c (Mon) Public Goods Miyazaki Educational System Emily Hannum; University of Pennsylvania Contraction: The Case of Xiaoying Liu; University of Pennsylvania China's Rural School Merger Initiative Session 8 Session 5 June 2017 10:30-12:10 508, 5/F Contributed Urban Economics and Takeshi Kyushu University 583 Ethnic Divisions and Local Takeshi Miyazaki; Kyushu University Takeshi Miyazaki Kyushu University 8.19c (Mon) Public Goods Miyazaki Public Goods Provision: Natural Experimental Evidence from Boundary Reforms in Japan Session 8 Session 5 June 2017 10:30-12:10 508, 5/F Contributed Urban Economics and Takeshi Kyushu University 715 Implications of Multiple Shilei Niu; Xi'an Jiaotong-Liverpool University Shilei Niu Xi'an Jiaotong- 8.19c (Mon) Public Goods Miyazaki Electricity Price Regimes on Liverpool University Hydroelectric Power Plant Valuation with/without Ramping Rate Restrictions Session 8 Session 5 June 2017 10:30-12:10 509, 5/F Contributed Topics in Financial Sergei Einaudi Institute for 297 Did Shareholders Affect the Yixiao Jiang; Rutgers University New Brunswick Yixiao Jiang Rutgers University 8.20c (Mon) Economics Kovbasyuk Economics and Finance Credit Rating Process? New Brunswick Evidence from a Semiparametric Ordered Model with Marginal Effects Analysis

Session 8 Session 5 June 2017 10:30-12:10 509, 5/F Contributed Topics in Financial Sergei Einaudi Institute for 466 Business Cycles and Yuri Kaniovskyi; Free University of Bozen-Bolzano Yuri Kaniovski Free University of 8.20c (Mon) Economics Kovbasyuk Economics and Finance Conditional Credit-Rating Bozen-Bolzano Migration Matrices

Session 8 Session 5 June 2017 10:30-12:10 509, 5/F Contributed Topics in Financial Sergei Einaudi Institute for 1120 Contagion in Subprime Andreas Heinen; Universite de Cergy-Pontoise* Andreas Heinen Universite de Cergy- 8.20c (Mon) Economics Kovbasyuk Economics and Finance Mortgage Defaults: A James Kau; University of Georgia Pontoise Composite Likelihood Copula Donald Keenan; Universite de Cergy-Pontoise Approach Mi lim Kim; Universite de Cergy-Pontoise Carlos Slawson; Louisiana State University Chair Session 8 Session 5 June 2017 10:30-12:10 509, 5/F Contributed Topics in Financial Sergei Einaudi Institute for 1312 Seller-Paid Ratings Sergei Kovbasyuk; Einaudi Institute for Economics Sergei Kovbasyuk Einaudi Institute for 8.20c (Mon) Economics Kovbasyuk Economics and Finance and Finance Economics and Finance

Session 8 Session 5 June 2017 10:30-12:10 510, 5/F Contributed Applied Jian Li University of Luxembourg 194 Precommitments for Financial Sung-Jin Cho; Seoul National University* Sung-Jin Cho Seoul National 8.21c (Mon) Microeconomics III - Self-Control? Micro Evidence John Rust; Georgetown University University Financial Service from the 2003 Korean Credit Crisis

Session 8 Session 5 June 2017 10:30-12:10 510, 5/F Contributed Applied Jian Li University of Luxembourg 596 Do the Privileged Benefit Haoyuan Ding; Shanghai University of Finance and Cong Qin Renmin University of 8.21c (Mon) Microeconomics III - More from Government-Led Economics China Financial Service Microfinance Projects? Cong Qin; Renmin University of China* Evidence from Rural China Kang Shi; The Chinese University of Hong Kong

Chair Session 8 Session 5 June 2017 10:30-12:10 510, 5/F Contributed Applied Jian Li University of Luxembourg 163 Promoting Financial Literacy Jian Li; University of Luxembourg Jian Li University of 8.21c (Mon) Microeconomics III - through Digital Platform Luxembourg Financial Service

Session 9 Session 5 June 2017 15:10-16:50 401, 4/F Contributed Investment, Production Basant Kapur National University of 169 On the Growth Contribution Roberto Samaniego; George Washington Juliana Yu Sun Singapore 9.1c (Mon) and Growth Singapore of Investment-Specific University Management Technical Change Juliana Sun; Singapore Management University* University

Session 9 Session 5 June 2017 15:10-16:50 401, 4/F Contributed Investment, Production Basant Kapur National University of 207 A Simple Theory of the Javier Birchenall; University of California Santa Kang Hua Cao Hong Kong Baptist 9.1c (Mon) and Growth Singapore Aggregate Production Barbara University Function Kang Hua Cao; Hong Kong Baptist University* Rish Singhania; University of Exeter

Session 9 Session 5 June 2017 15:10-16:50 401, 4/F Contributed Investment, Production Basant Kapur National University of 390 Estimating Productivity of Guiying Laura Wu; Nanyang Technological Qu Feng Nanyang 9.1c (Mon) and Growth Singapore Public Infrastructure University Technological Investment Qu Feng; Nanyang Technological University* University Zhifeng Wang; Nanyang Technological University Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 9 Session 5 June 2017 15:10-16:50 401, 4/F Contributed Investment, Production Basant Kapur National University of 312 Endogenous Growth of the Basant Kapur; National University of Singapore Basant Kapur National University of 9.1c (Mon) and Growth Singapore Share of Sourthern Product Singapore Varieties in the World Economy: A Paradox and Its Resolution Session 9 Session 5 June 2017 15:10-16:50 402, 4/F Contributed Elderly Care and Irina University of St Andrews 806 Impacts from Delaying Access Ha Vu; Deakin University* Ha Vu Deakin University 9.2c (Mon) Retirement Merkurieva to Retirement Benefits on Umut Oguzoglu; University of Manitoba Welfare Receipt and Cain Polidano; University of Melbourne Expenditure: Evidence from a Natural Experiment. Session 9 Session 5 June 2017 15:10-16:50 402, 4/F Contributed Elderly Care and Irina University of St Andrews 831 Effects of Informal Elderly Yoshinori Nishimura; The University of Tokyo* Yoshinori Nishimura The University of 9.2c (Mon) Retirement Merkurieva Care on Labor Supply: Masato Oikawa; The University of Tokyo Tokyo Exploitation of Government Intervention on the Supply Side of Elderly Care Market Session 9 Session 5 June 2017 15:10-16:50 402, 4/F Contributed Elderly Care and Irina University of St Andrews 871 Does Providing Informal Yoko Niimi; Asian Growth Research Institute Yoko Niimi Asian Growth 9.2c (Mon) Retirement Merkurieva Elderly Care Hasten Research Institute Retirement? Evidence from Japan

Chair Session 9 Session 5 June 2017 15:10-16:50 402, 4/F Contributed Elderly Care and Irina University of St Andrews 477 Coordinating the Household Irina Merkurieva; University of St Andrews Irina Merkurieva University of St 9.2c (Mon) Retirement Merkurieva Retirement Decision Andrews

Session 9 Session 5 June 2017 15:10-16:50 403, 4/F Contributed Health Insurance Daeho Kim The Ohio State University 264 Health Insurance and Birth Jie Ma; Xi'an Jiaotong University* Jie Ma Xi'an Jiaotong 9.3c (Mon) Outcomes: Evidence from the Kosali Simon; Indiana University University Affordable Care Act

Session 9 Session 5 June 2017 15:10-16:50 403, 4/F Contributed Health Insurance Daeho Kim The Ohio State University 444 Health Insurance Coverage Hiroyuki Yamada; Keio University Tien Vu Asian Growth 9.3c (Mon) and Firm Performance: Tien Vu; Asian Growth Research Institute/ Osaka Research Institute/ Evidence Using Firm Level University* Osaka University Data from Vietnam

Chair Session 9 Session 5 June 2017 15:10-16:50 403, 4/F Contributed Health Insurance Daeho Kim The Ohio State University 506 Health Insurance and Labor Daeho Kim; The Ohio State University Daeho Kim The Ohio State 9.3c (Mon) Supply: Evidence from the University Affordable Care Act Early Medicaid Expansion in Connecticut Session 9 Session 5 June 2017 15:10-16:50 404, 4/F Contributed Housing Market Yannis Tufts University 129 Upswings of Hong Kong Real Tatsuyoshi Miyakoshi; Hosei University* Tatsuyoshi Miyakoshi Hosei University 9.4c (Mon) Ioannides Estate Prices in Post-Crisis Kui-Wai Li; University of Toronto Surge: Quantitative Easing Junji Shimada; Aoyama-Gakuin University and Reit Markets Yoshihiko Tsukuda; Tohoku University Developments Session 9 Session 5 June 2017 15:10-16:50 404, 4/F Contributed Housing Market Yannis Tufts University 271 When Natives Meet Xiaolu Li; Nanyang Technological University* Xiaolu Li Nanyang 9.4c (Mon) Ioannides Immigrants in Public and Yang Tang; Nanyang Technological University Technological Private Housing Markets University

Chair Session 9 Session 5 June 2017 15:10-16:50 404, 4/F Contributed Housing Market Yannis Tufts University 729 Vacancies in Housing and Yannis Ioannides; Tufts University* Yannis Ioannides Tufts University 9.4c (Mon) Ioannides Labor Markets Jeffrey Zabel; Tufts University

Session 9 Session 5 June 2017 15:10-16:50 406, 4/F Contributed Business Cycle and Francisco Federal Reserve Board 603 Structural Vector Jonathan Stroud; Georgetown University Hang Zhou George Washington 9.6c (Mon) Macro Policy II Vazquez- Autoregressions with Jumps: Hang Zhou; George Washington University* University Grande Evaluating Monetary Policy Effects in a Fixed Exchange Rate Regime Session 9 Session 5 June 2017 15:10-16:50 406, 4/F Contributed Business Cycle and Francisco Federal Reserve Board 726 Slow Recoveries and Labor Wen Zhang; Renmin University of China Wen Zhang Renmin University of 9.6c (Mon) Macro Policy II Vazquez- Market Polarization China Grande

Session 9 Session 5 June 2017 15:10-16:50 406, 4/F Contributed Business Cycle and Francisco Federal Reserve Board 1181 The Conduct of U.S. Monetary Giovanni Nicoló; University of California, Los Giovanni Nicoló University of 9.6c (Mon) Macro Policy II Vazquez- Policy in the Postwar Period Angeles California, Los Grande Angeles

Chair Session 9 Session 5 June 2017 15:10-16:50 406, 4/F Contributed Business Cycle and Francisco Federal Reserve Board 1155 Measuring the Natural Rate of Kurt Lewis; Federal Reserve Board Francisco Vazquez- Federal Reserve 9.6c (Mon) Macro Policy II Vazquez- Interest: Alternative Francisco Vazquez-Grande; Federal Reserve Grande Board Grande Specifications Board*

Session 9 Session 5 June 2017 15:10-16:50 407, 4/F Contributed Behavioral and Gene Bank of Finland 498 Bailout Stigma Yeon-Koo Che; Columbia University Keeyoung Rhee Korea Development 9.7c (Mon) Corporate Finance Ambrocio Chongwoo Choe; Monash University Institute Keeyoung Rhee; Korea Development Institute*

Session 9 Session 5 June 2017 15:10-16:50 407, 4/F Contributed Behavioral and Gene Bank of Finland 891 Internal Financing, Managerial Sandro Brusco; SUNY Stony Brook* Sandro Brusco SUNY Stony Brook 9.7c (Mon) Corporate Finance Ambrocio Compensation and Multiple Fausto Panunzi; Bocconi University Tasks

Session 9 Session 5 June 2017 15:10-16:50 407, 4/F Contributed Behavioral and Gene Bank of Finland 1129 Crowding out Disclosure: Daniel Quigley; University of Oxford* Daniel Quigley University of Oxford 9.7c (Mon) Corporate Finance Ambrocio Amplification and Stress Test Ansgar Walther; University of Warwick Design

Chair Session 9 Session 5 June 2017 15:10-16:50 407, 4/F Contributed Behavioral and Gene Bank of Finland 139 Rational Exuberance Booms Gene Ambrocio; Bank of Finland Gene Ambrocio Bank of Finland 9.7c (Mon) Corporate Finance Ambrocio

Session 9 Session 5 June 2017 15:10-16:50 408, 4/F Contributed Cooperation and Maoliang Ye Xiamen University 214 Diffusing Coordination Risk Deepal Basak; New York University Zhen Zhou Tsinghua University 9.8c (Mon) Coordination Zhen Zhou; Tsinghua University*

Session 9 Session 5 June 2017 15:10-16:50 408, 4/F Contributed Cooperation and Maoliang Ye Xiamen University 944 Information Manipulation and Chris Edmond; University of Melbourne Yang Lu Hong Kong University 9.8c (Mon) Coordination Social Coordination Yang Lu; Hong Kong University of Science and of Science and Technology* Technology

Session 9 Session 5 June 2017 15:10-16:50 408, 4/F Contributed Cooperation and Maoliang Ye Xiamen University 1250 Irreversibility and Monitoring Yves Gueron; Seoul National University* Yves Gueron Seoul National 9.8c (Mon) Coordination in Dynamic Games: Andrew Choi; Seoul National University University Experimental Evidence Syngjoo Choi; Seoul National University Eungik Lee; Seoul National University

Chair Session 9 Session 5 June 2017 15:10-16:50 408, 4/F Contributed Cooperation and Maoliang Ye Xiamen University 1266 Does Gradualism Build Maoliang Ye; Xiamen University Maoliang Ye Xiamen University 9.8c (Mon) Coordination Cooperation? Theory and a Finitely Repeated Investment Experiment

Session 9 Session 5 June 2017 15:10-16:50 409, 4/F Contributed Imperfect Markets and Nicolaas J. Queen Mary University of 325 Endogenous Formation of Chen Qu; University of Nottingham Ningbo China Chen Qu University of 9.9c (Mon) Product Differentiation Vriend London Patent Pools Nottingham Ningbo China

Session 9 Session 5 June 2017 15:10-16:50 409, 4/F Contributed Imperfect Markets and Nicolaas J. Queen Mary University of 631 A Sequential Search Model Haojun Yu; Shanghai University of Finance and Haojun Yu Shanghai University 9.9c (Mon) Product Differentiation Vriend London with Partial Depth Evaluation Economics* of Finance and Lin Liu; University of Central Florida Economics X. Henry Wang; University of Missouri-Columbia Yuxin Chen; New York University Shanghai Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Session 9 Session 5 June 2017 15:10-16:50 409, 4/F Contributed Imperfect Markets and Nicolaas J. Queen Mary University of 1141 Spatial Competition with Filippo Balestrieri; Hewlett-Packard Laboratories Sergei Izmalkov New Economic School 9.9c (Mon) Product Differentiation Vriend London Intermediaries Sergei Izmalkov; New Economic School Moscow* Moscow Joao Leao; ISCTE

Chair Session 9 Session 5 June 2017 15:10-16:50 409, 4/F Contributed Imperfect Markets and Nicolaas J. Queen Mary University of 994 The Principle of Minimum Nobuyuki Hanaki; Université Cote d'Azur Nicolaas J. Vriend Queen Mary 9.9c (Mon) Product Differentiation Vriend London Differentiation Revisited: Emily Tanimura; Université Paris 1 University of London Return of the Median Voter Nicolaas J. Vriend; Queen Mary University of London*

Session 9 Session 5 June 2017 15:10-16:50 410, 4/F Contributed Network and Market Qian Jiao Lingnan College, Sun Yat- 525 Informal Risk Sharing with Attila Ambrus; Duke University Wayne Gao Yale University 9.10c (Mon) sen University Local Information Wayne Gao; Yale University* Pau Milan; UAB, MOVE, Barcelona GSE

Session 9 Session 5 June 2017 15:10-16:50 410, 4/F Contributed Network and Market Qian Jiao Lingnan College, Sun Yat- 745 The Impact of Sharing Maryam Razeghian; EPFL Thomas Weber Ecole Polytechnique 9.10c (Mon) sen University Markets on Product Durability Thomas Weber; Ecole Polytechnique Federale de Federale de Lausanne Lausanne*

Session 9 Session 5 June 2017 15:10-16:50 410, 4/F Contributed Network and Market Qian Jiao Lingnan College, Sun Yat- 1071 Maxmin Implementation Zhiwei Liu; Capital University of Economics and Xinxi Song Capital University of 9.10c (Mon) sen University through Mixed Equilibria Business Economics and Xinxi Song; Capital University of Economics and Business Business* Nicholas C. Yannelis; University of Iowa Chair Session 9 Session 5 June 2017 15:10-16:50 410, 4/F Contributed Network and Market Qian Jiao Lingnan College, Sun Yat- 937 Conflict Networks with Qian Jiao; Lingnan College, Sun Yat-sen Qian Jiao Lingnan College, Sun 9.10c (Mon) sen University Discriminatory Factors University* Yat-sen University Bo Shen; Wuhan University Xiang Sun; Wuhan University

Session 9 Session 5 June 2017 15:10-16:50 411, 4/F Contributed Non-separable Models Karim Chalak University of Virginia 604 Non-Separable Models with Liangjun Su; Singapore Management University Yichong Zhang Singapore 9.11c (Mon) and Endogeneity High-Dimensional Data Takuya Ura; University of California, Davis Management Yichong Zhang; Singapore Management University University*

Session 9 Session 5 June 2017 15:10-16:50 411, 4/F Contributed Non-separable Models Karim Chalak University of Virginia 836 Profile Likelihood Estimation Jing Xue Jing Xue 9.11c (Mon) and Endogeneity for Randomly Varying Coefficient Model with Endogeneity

Session 9 Session 5 June 2017 15:10-16:50 411, 4/F Contributed Non-separable Models Karim Chalak University of Virginia 902 Censored Fractional Response Qizhou Xiong; Halle Institute for Economic Qizhou Xiong Halle Institute for 9.11c (Mon) and Endogeneity Model: Estimating Research Economic Research Heterogeneous Relative Risk Aversion of European Households Chair Session 9 Session 5 June 2017 15:10-16:50 411, 4/F Contributed Non-separable Models Karim Chalak University of Virginia 1054 Measurement Error without Karim Chalak; University of Virginia* Karim Chalak University of Virginia 9.11c (Mon) and Endogeneity Exclusion: The Returns to Daniel Kim; University of Pennsylvania College Selectivity and Characteristics

Session 9 Session 5 June 2017 15:10-16:50 501, 5/F Contributed Quantitative Analyses Julio Garin Claremont McKenna 371 Quantifying the Welfare Gains Marek Kapicka; University of California, Santa Marek Kapicka University of 9.12c (Mon) of Taxation from History Dependent Barbara California, Santa Income Taxation Barbara

Session 9 Session 5 June 2017 15:10-16:50 501, 5/F Contributed Quantitative Analyses Julio Garin Claremont McKenna 479 International Tax Evasion, Dirk Bethmann; Korea University* Dirk Bethmann Korea University 9.12c (Mon) of Taxation State Purchases of Michael Kvasnicka; Otto-von-Guericke Universität Confidential Bank Data and Magdeburg Voluntary Disclosures

Session 9 Session 5 June 2017 15:10-16:50 501, 5/F Contributed Quantitative Analyses Julio Garin Claremont McKenna 760 Can the Decline in the Julian Neira; University of Exeter Rish Singhania University of Exeter 9.12c (Mon) of Taxation Effective Corporate Tax Rate Rish Singhania; University of Exeter* Explain the Decline in the U.S. Startup Rate?

Chair Session 9 Session 5 June 2017 15:10-16:50 501, 5/F Contributed Quantitative Analyses Julio Garin Claremont McKenna 1197 Only Death? Uncertain Taxes Chadwick Curtis; University of Richmond Julio Garin Claremont McKenna 9.12c (Mon) of Taxation and the Effects of Julio Garin; Claremont McKenna* Repatriation Tax Proposals M. Saif Mehkari; University of Richmond

Session 9 Session 5 June 2017 15:10-16:50 502, 5/F Contributed Corporate Finance and Chang Li The Chinese University of 648 Loan Facilitators? The Role of Haoyuan Ding; Shanghai University of Finance and Yichuan Hu The Chinese 9.13c (Mon) Banking Hong Kong Commercial Bankers in Non- Economic University of Hong Financial Corporations Julan Du; The Chinese University of Hong Kong Kong Chih-Sheng Hsieh; The Chinese University of Hong Kong Yichuan Hu; The Chinese University of Hong Kong* Session 9 Session 5 June 2017 15:10-16:50 502, 5/F Contributed Corporate Finance and Chang Li The Chinese University of 691 Asset Prices and Welfare in Kyungsub Won; Korea Advanced Institute of Kyungsub Won Korea Advanced 9.13c (Mon) Banking Hong Kong the Restructured Lucas Science and Technology Institute of Science Orchard: Post-Merger and Technology Applications

Session 9 Session 5 June 2017 15:10-16:50 502, 5/F Contributed Corporate Finance and Chang Li The Chinese University of 1212 Matches Made in Banks: Do Jiakai Chen; University of Hawaii at Manoa* Jiakai Chen University of Hawaii 9.13c (Mon) Banking Hong Kong Common Bank Relations Joonho Kim; University of Hawaii at Manoa at Manoa Facilitate Better Mergers?

Chair Session 9 Session 5 June 2017 15:10-16:50 502, 5/F Contributed Corporate Finance and Chang Li The Chinese University of 459 International Banking Julan Du; The Chinese University of Hong Kong Chang Li The Chinese 9.13c (Mon) Banking Hong Kong Integration and Cross-Border Chang Li; The Chinese University of Hong Kong* University of Hong Mergers and Acquisitions Chih-Sheng Hsieh; The Chinese University of Hong Kong Kong Qianru Qi; Fudan University Session 9 Session 5 June 2017 15:10-16:50 503, 5/F Contributed Law and Institutions Wei Long Tulane University 148 Law Firm Expertise and Chuyi Yang; Nanyang Technological University* Chuyi Yang Nanyang 9.14c (Mon) Agency Problem in Securities Lei Zhang; Nanyang Technological University Technological Class Action Lawsuits University

Session 9 Session 5 June 2017 15:10-16:50 503, 5/F Contributed Law and Institutions Wei Long Tulane University 859 A Tale of Two Shiyu Bo; London School of Economics Yufeng Sun The Chinese 9.14c (Mon) Decentralizations: Volatility Liuchun Deng; Johns Hopkins University University of Hong and Economic Regimes Yufeng Sun; The Chinese University of Hong Kong* Kong Boqun Wang; Johns Hopkins University

Session 9 Session 5 June 2017 15:10-16:50 503, 5/F Contributed Law and Institutions Wei Long Tulane University 898 Rulers' Tenure, Citizens' Shyh-Fang Ueng; National Chung-Cheng Shyh-Fang Ueng National Chung- 9.14c (Mon) Cynicism, and Law University Cheng University Enforcement

Chair Session 9 Session 5 June 2017 15:10-16:50 503, 5/F Contributed Law and Institutions Wei Long Tulane University 430 Can the Private Sector Provide Wei Long; Tulane University* Wei Long Tulane University 9.14c (Mon) Better Police Services? Cheng Cheng; The University of Mississippi Evidence from the French Quarter Task Force

Session 9 Session 5 June 2017 15:10-16:50 504, 5/F Contributed Identification of George Macquarie University 758 A Theory of Data-Oriented Nikolay Arefiev; National Research University Nikolay Arefiev National Research 9.15c (Mon) Multiple Equation Milunovich Identification with a SVAR Higher School of Economics University Higher Models Application School of Economics

Session 9 Session 5 June 2017 15:10-16:50 504, 5/F Contributed Identification of George Macquarie University 830 Identification and Persistence- Lynda Khalaf; Carleton University Zhenjiang Lin The University of 9.15c (Mon) Multiple Equation Milunovich Robust Exact Inference in Zhenjiang Lin; The University of Nottingham Nottingham Ningbo Models Dsge Models Ningbo China* China Abeer Reza; Bank of Canada Presenter Presenter Presenter Timeslot Session ID Date Time Venue Session Type Session Title Session Chair Session Chair (Affiliation) Paper ID Paper Title Co-authors (First Name) (Last Name) (Affiliation) Chair Session 9 Session 5 June 2017 15:10-16:50 504, 5/F Contributed Identification of George Macquarie University 114 Inference in Partially Helmut Lutkepohl; DIW Berlin George Milunovich Macquarie University 9.15c (Mon) Multiple Equation Milunovich Identified Heteroskedastic George Milunovich; Macquarie University* Models Simultaneous Equations Minxian Yang; The University of New South Wales Models

Session 9 Session 5 June 2017 15:10-16:50 506, 5/F Contributed International Trade V Qing Liu Tsinghua University 473 A Model of Trade and Chun-Kai Wang; Shandong University Chun-Kai Wang Shandong University 9.17c (Mon) Productivity Improvement

Session 9 Session 5 June 2017 15:10-16:50 506, 5/F Contributed International Trade V Qing Liu Tsinghua University 808 Comparative Advantage, Hanwei Huang; London School of Economics* Hanwei Huang London School of 9.17c (Mon) Competition, and Multi- Gianmarco Ottaviano; London School of Economics product Firm Economics

Chair Session 9 Session 5 June 2017 15:10-16:50 506, 5/F Contributed International Trade V Qing Liu Tsinghua University 1154 Input-Output Linkage and the Qing Liu; Tsinghua University Qing Liu Tsinghua University 9.17c (Mon) Missing Trade Puzzles

Session 9 Session 5 June 2017 15:10-16:50 507, 5/F Contributed Job Polarization, Dainn Wie National Graduate 229 Explaining Job Polarization: Wan-Jung Cheng; Washington University in St. Wan-Jung Cheng Washington 9.18c (Mon) Gender Earnings and Institute for Policy The Role of Heterogeneity in Louis University in St. Louis Labor Force Studies Capital Intensity Participation

Session 9 Session 5 June 2017 15:10-16:50 507, 5/F Contributed Job Polarization, Dainn Wie National Graduate 354 Why Are Fewer Married Farzana Afridi; Indian Statistical Institute, Delhi Kanika Mahajan Ambedkar University, 9.18c (Mon) Gender Earnings and Institute for Policy Women Joining the Work Taryn Dinkelman; Dartmouth College Delhi Labor Force Studies Force in Rural India? A Kanika Mahajan; Ambedkar University, Delhi* Participation Decomposition Analysis over Two Decades Session 9 Session 5 June 2017 15:10-16:50 507, 5/F Contributed Job Polarization, Dainn Wie National Graduate 613 Unemployment Insurance Bernardus Doornik; Banco Central do Brasil David Schoenherr Princeton University 9.18c (Mon) Gender Earnings and Institute for Policy with Informal Labor Markets: David Schoenherr; Princeton University* Labor Force Studies Evidence from Brazil Janis Skrastins; Washington University in St. Louis Participation

Chair Session 9 Session 5 June 2017 15:10-16:50 507, 5/F Contributed Job Polarization, Dainn Wie National Graduate 1182 Wage Structure and Gender Dainn Wie; National Graduate Institute for Policy Dainn Wie National Graduate 9.18c (Mon) Gender Earnings and Institute for Policy Earnings Differentials in China Studies Institute for Policy Labor Force Studies and India Studies Participation

Session 9 Session 5 June 2017 15:10-16:50 508, 5/F Contributed Nonparametric and Yonghui Zhang Renmin University of 187 A Factor-Augmented Quantile Alev Atak; City University of London Alev Atak City University of 9.19c (Mon) Semiparametric China Regression Model with Time- London methods Varying Factor Loadings

Session 9 Session 5 June 2017 15:10-16:50 508, 5/F Contributed Nonparametric and Yonghui Zhang Renmin University of 338 Nonparametric Specification Fuchun Li; Bank of Canada Fuchun Li Bank of Canada 9.19c (Mon) Semiparametric China Testing for the Drift of the methods Short Rate Diffusion Process Using a Panel of Yields

Session 9 Session 5 June 2017 15:10-16:50 508, 5/F Contributed Nonparametric and Yonghui Zhang Renmin University of 799 A Consistent Gradient-Based Taining Wang; West Virginia University* Taining Wang West Virginia 9.19c (Mon) Semiparametric China Nonparametric Test for Feng Yao; West Virginia University University methods Regression Structures

Chair Session 9 Session 5 June 2017 15:10-16:50 508, 5/F Contributed Nonparametric and Yonghui Zhang Renmin University of 63 Testing Common Time- Alev Atak; City University London Yonghui Zhang Renmin University of 9.19c (Mon) Semiparametric China Varying Coefficients in Yonghui Zhang; Renmin University of China* China methods Semiparametric Panel Data Models with Fixed Effects

Session 9 Session 5 June 2017 15:10-16:50 509, 5/F Contributed Wages and Wei Jiang University of Kent 39 UI Eligibility Rule, Moral Min Zhang; East China Normal University Min Zhang East China Normal 9.20c (Mon) Unemployment Hazard, and Optimal University Unemployment Transfer Scheme

Session 9 Session 5 June 2017 15:10-16:50 509, 5/F Contributed Wages and Wei Jiang University of Kent 1062 The Effect of Unemployment Aya Nushimoto; Osaka University Aya Nushimoto Osaka University 9.20c (Mon) Unemployment on Suicide in Japan

Session 9 Session 5 June 2017 15:10-16:50 509, 5/F Contributed Wages and Wei Jiang University of Kent 1126 Capital-Skill Complementarity, Yasuyuki Osumi; University of Hyogo Yasuyuki Osumi University of Hyogo 9.20c (Mon) Unemployment Macroeconomic Deregulations, and Wage Inequalities

Chair Session 9 Session 5 June 2017 15:10-16:50 509, 5/F Contributed Wages and Wei Jiang University of Kent 1084 Targeted Fiscal Policy to Konstantinos Angelopoulos; University of Glasgow Wei Jiang University of Kent 9.20c (Mon) Unemployment Increase Employment and Wei Jiang; University of Kent* Wages of Unskilled Workers James Malley; University of Glasgow and CESifo

Session 9 Session 5 June 2017 15:10-16:50 510, 5/F Contributed Economic History, Hyunjoo Yang Korea Development 36 Colonial Legacy, State- Merima Ali; Chr. Michelsen Institute Abdulaziz Shifa Syracuse University 9.21c (Mon) Inequality and Institute Building and The Salience of Odd-Helge Fjeldstad; Chr. Michelsen Institute Development Ethnicity in Sub-Saharan Boqian Jiang; Syracuse University Africa Abdulaziz Shifa; Syracuse University*

Session 9 Session 5 June 2017 15:10-16:50 510, 5/F Contributed Economic History, Hyunjoo Yang Korea Development 639 The Creation of Effective Jakob Madsen; Monash University Cong Wang Bond University 9.21c (Mon) Inequality and Institute States in the OECD since Cong Wang; Bond University* Development 1870: The Role of Inequality Bodo Steiner; University of Southern Denmark

Chair Session 9 Session 5 June 2017 15:10-16:50 510, 5/F Contributed Economic History, Hyunjoo Yang Korea Development 675 Family Clans and Public Hyunjoo Yang; Korea Development Institute Hyunjoo Yang Korea Development 9.21c (Mon) Inequality and Institute Goods: Evidence from the Institute Development New Village Beautification Project in South Korea

Session 9 Session 5 June 2017 15:10-16:50 511, 5/F Contributed Experiment Wooyoung Hong Kong University of 499 (Non)exclusive Contracting Wanda Mimra; ETH Zurich* Wanda Mimra ETH Zurich 9.22c (Mon) Lim Science and Technology under Adverse Selection: An Christian Waibel; ETH Zurich Experiment

Session 9 Session 5 June 2017 15:10-16:50 511, 5/F Contributed Experiment Wooyoung Hong Kong University of 1026 Measuring Risk Attitudes in a Takahiro Miura; Osaka University* Takahiro Miura Osaka University 9.22c (Mon) Lim Science and Technology Laboratory Search Experiment Keigo Inukai; ISER Masaru Sasaki; Osaka University

Session 9 Session 5 June 2017 15:10-16:50 511, 5/F Contributed Experiment Wooyoung Hong Kong University of 1217 Strategic Reasoning in Yingxue Li; University of California, Davis Yingxue Li University of 9.22c (Mon) Lim Science and Technology Persuasion Games: An California, Davis Experiment

Chair Session 9 Session 5 June 2017 15:10-16:50 511, 5/F Contributed Experiment Wooyoung Hong Kong University of 56 Herd Immunity and a Wooyoung Lim; Hong Kong University of Science Wooyoung Lim Hong Kong University 9.22c (Mon) Lim Science and Technology Vaccination Game and Technology* of Science and Pengfei Zhang; Cornell University Technology