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20Th Annual Conference Society for Institutional & Organizational Economics 20TH ANNUAL CONFERENCE SOCIETY FOR INSTITUTIONAL & ORGANIZATIONAL ECONOMICS June 15-17 th 2016 Paris Dear Fellow SIOE Members: Welcome to Sciences Po and the 20 th Annual Meeting of the Society for Institutional and Organizational Economics (known as the International Society for New Institutional Economics until last year). It is reassuring that the change of the Society’s name did not break our annual conference’s tradition to attract high quality papers from an international community of scholars in many disciplines including economics, political science, sociology, management, history, and law. I would like to thank my fellow members of the Program Committee who have worked hard to select 251 papers that will be presented in 76 parallel sessions. We are happy and excited to have Philippe Aghion and Alberto Alesina to deliver keynote talks on their recent research in the interaction of social mobility, inequality, redistribution and political and economic institutions. Both Philippe and Alberto have made seminal contributions to institutional and organizational economics and continue producing groundbreaking research that is relevant for all SIOE members. I would like to thank Sciences Po’s Department of Economics and the Laboratory for the Interdisciplinary Evaluation of Public Policy (LIEPP) at Sciences Po for financial and organizational support for our conference. I am looking forward to seeing you in SIOE 2016! Sergei Guriev Chair, Program Committee, SIOE 2016 and President-Elect, SIOE Professor of Economics Sciences Po, Paris Organised and supported by: Department of Economics, Sciences Po Laboratory for Interdisciplinary Evaluation of Public Policies (LIEPP), Sciences Po About SIOE SIOE Mission Statement The Society for Institutional and Organizational Economics (formerly known as the International Society for the New Institutional Economics) promotes rigorous theoretical and empirical investigation of the nature, behavior, and governance of organizations and institutions using approaches drawn from economics, organization theory, law, political science, and other social sciences. The Society makes a special effort to encourage participation from scholars from around the world. Current Officers: Past Presidents: President: Henry Smith (Harvard) John de Figueiredo, 2014-2015 President-Elect: Sergei Guriev (Sciences Po) Eric Brousseau, 2013-2014 1st Vice-President: Bentley MacLeod (Columbia) Lee Epstein, 2012-2013 2nd Vice-President: Francine Lafontaine (Michigan) Barry Weingast, 2011-2012 Secretary: Giorgio Zanarone (CUNEF) Frank Stephen, 2010-2011 Treasurer: Janet Bercovitz (University of Illinois) Pablo Spiller, 2009-2010 Web Editor: Jens Prüfer (Tilburg University) Scott Masten, 2008-2009 Coordinator and Webmaster: Bruno Chaves Thrainn Eggertsson, 2007-2008 (Paris Dauphine) Lee Alston, 2006-2007 Benito Arruñada, 2005-2006 Current Board Members: Gary D. Libecap, 2004-2005 Mary M. Shirley, 2003-2004 Lisa Bernstein (University of Chicago Law School) Paul L. Joskow, 2002-2003 Robert Gibbons (MIT) Claude Ménard, 2001-2002 Nan Jia (USC Marshall School of Business) Oliver E. Williamson, 1999-2001 David Levine (Washington University and EUI) Douglass C. North, 1997-1999 Joanne Oxley (University of Toronto) Ronald Coase, 1996-1997 Roberta Romano (Yale University) Stéphane Saussier (Sorbonne Business School) John Wallis (University of Maryland) Patrick Warren (Clemson University) SIOE 2016 Program Committee Members Sergei Guriev , Sciences Po, Paris (chair) David Abrams , University of Pennsylvania Chongen Bai , Tsinghua University Daniel Berkowitz , University of Pittsbourg Lisa Bernstein , University of Chicago Serguey Braguinsky , Institute for Advanced Studies, Princeton Ralph de Haas , European Bank for Reconstruction and Development Quoc-Anh Do , LIEPP, Sciences Po Ruben Enikolopov , IPEG, Barcelona Guido Friebel , Goethe University, Frankfurt Timothy Frye , Columbia University Roberto Galbiati , LIEPP, Sciences Po Scott Gehlbach , University Wisconsin at Madison Andrew Hanssen , Clemson University Ruixue Jia , University of California at San Diego Daniel Kelly , University of Notre Dame Rachel Kranton , Duke University Bill Megginson , University of Okhlahoma Marian Moszoro , University of California at Berkeley Anthony Niblett , University of Toronto Maria Petrova , IPEG, Barcelona Eugenio Proto , University of Warwick Stéphane Saussier , Sorbonne Business School Brian Silverman , University of Toronto Alexander Stremitzer , University of California at Los Angeles Joshua Tucker , New York University Richard Vanden Bergh , University of Vermont Ekaterina Zhuravskaya , Paris School of Economics Local Organizing Committee Sergei Guriev , Department of Economics, Sciences Po, Paris Leila Brunoir , Department of Economics, Sciences Po, Paris Andreana Khristova , LIEPP, Sciences Po, Paris Keynote Speakers Philippe Aghion is a Professor at the College de France and at the London School of Economics, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. His research focuses on the economics of growth. With Peter Howitt, he pioneered the so-called Schumpeterian Growth paradigm which was subsequently used to analyze the design of growth policies and the role of the state in the growth process. Much of this work is summarized in their joint book Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), in his book with Rachel Griffith on Competition and Growth (MIT Press, 2006), and in his survey “What Do We Learn from Schumpeterian Growth Theory” (joint with U. Akcigit and P. Howitt). In 2001, Philippe Aghion received the Yrjo Jahnsson Award of the best European economist under age 45, and in 2009 he received the John Von Neumann Award. Alberto Alesina is the Nathaniel Ropes Professor of Political Economy at Harvard University. He obtained his Ph.D. from Harvard in 1986. He served as Chairman of the Department of Economics from 2003 - 2006. He is a member of the National Bureau of Economic Research and the Center for Economic Policy Research. He is a member of the Econometric Society and of the American Academy of Arts and Sciences. He is the director of the political economy program of the NBER since 2006. He has published extensively in all major academic journals in economics. He has published five books. Amongst those are: The Future of Europe: Reform or Decline, published by MIT Press, with Francesco Giavazzi and Fighting Poverty in the US and Europe: A World of Difference, published by Oxford University Press, with Edward Glaeser. He has been a Co-editor of the Quarterly Journal of Economics for six years and Associate Editor of many academic journals. He has published columns in many leading newspapers around the world and has visited several institutions including MIT, Tel Aviv University, University of Stockholm, The World Bank, and the IMF. He holds a visiting position with IGIER Bocconi. His work has covered a variety of topics: political business cycles, the political economy of fiscal policy and budget deficits, the process of European integration, stabilization policies in high inflation countries, the determination of the size of countries, currency unions, the political economic determinants of redistributive policies, differences in the welfare state in the US and Europe and, more generally, differences in the economic system in the US and Europe, the effect of alternative electoral systems on economic policies, and the determination of the choice of different electoral systems, culture and economics, ethnic conflict, inequality and redistributive policies, and the macroeconomic effects of fiscal policy. Keynote Speakers 4 Program at a glance June 15 Noon-4pm: Registration at Sciences Po (28 rue des Saints Peres) 5pm-6pm: Registration at ICP (ICP, 21 rue d’Assas) 6pm-7pm: Keynote speech by Philippe Aghion “The Social Mobility of Inventors” (ICP, 21 rue d’Assas) 7pm-9pm: Reception (ICP, 21 rue d’Assas) June 16 9am-5pm: Registration at Sciences Po (28 rue des Saints Peres) 9am-10.30am: Parallel Sessions 1.1-1.11 (28 rue des Saints Peres) 10.30am-11am: Coffee-break (28 rue des Saints Peres) 11am-12.30pm: Parallel Sessions 2.1-2.11 (28 rue des Saints Peres) 12.30pm-2pm: Lunch (28 rue des Saints Peres) 2pm-4pm: Parallel Sessions 3.1-3.11 (28 rue des Saints Peres) 4pm-4.30pm: Coffee-break (28 rue des Saints Peres) 4pm-5pm: Poster Session (28 rue des Saints Peres) 5.30pm-6.30pm: Keynote speech by Alberto Alesina “Social Mobility and Preferences for Redistribution” (ICP, 21 rue d’Assas) 6.30pm-9pm: Reception (ICP, 21 rue d’Assas) Program at a Glance 5 June 17 9am-5pm: Registration at Sciences Po (28 rue des Saints Peres) 9am-10.30am: Parallel Sessions 4.1-4.11 (28 rue des Saints Peres) 10.30am-11am: Coffee-break (28 rue des Saints Peres) 11am-12.30pm: Parallel Sessions 5.1-5.11 (28 rue des Saints Peres) 12.30pm-2pm: Lunch (28 rue des Saints Peres) 1pm-2pm: SIOE Business Meeting (Amphi Caquot, 28 rue des Saints Peres) 2pm-4pm: Parallel Sessions 6.1-6.10 (28 rue des Saints Peres) 4pm-4.30pm: Coffee-break (28 rue des Saints Peres) 4.30pm-6.30pm: Parallel Sessions 7.1-7.11 (28 rue des Saints Peres) 7pm-8pm: Reception (Cercle National des Armées, Place Saint Augustin) 8pm: Gala Dinner and Presidential Address (Cercle National des Armées, Place Saint Augustin) Program at a Glance 6 Timing and venues of parallel sessions Each parallel session’s number consists of two numbers (e.g. Session 2-3). The first number indicates the time slot, the second number
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