Table of Contents

Acknowledgments P. 2

About the Host P. 3

Program Overview P. 4 - 5

Committees P. 6 - 7

Floor Map of the Conference Venue P. 8 - 9

Walking Route from Conference Venue to Lunch Venues P. 10

Walking Route from Conference Venue to Conference Dinner Venue P. 11

Opening Ceremony and Keynote Lectures P. 12

Invited Lectures P. 13

Overview of Contributed / Invited Sessions P. 14 - 22

Full List of Contributed / Invited Sessions P. 23 - 104

Full List of Presenters P. 105 - 120

Bad Weather Arrangement P. 120

Wi-Fi Connection in Conference Venue P. 121 - 135

1 Acknowledgments

e would like to express our gratitude to the Econometric Society for providing us an opportunity W to host this prestigious conference. In particular, we thank Professor Atsushi Kajii, the Chair of the Asia Regional Standing Committee for his constant advice.

We are indebted to Professor Christopher Pissarides and Professor Mark Rosenzweig, the Program Committee, Local Organizing Committee, Advisory Committee and session organizers for their valuable contributions to the conference.

We would like to thank our University for great support during our conference organization. We are grateful to the Dean and the Faculty of Social Science for generous financial support.

We are honored to have Professor Eddie Dekel (President of The Econometric Society, 2016), Mr. Mo-po Paul Chan (Financial Secretary of the Hong Kong Government), and Professor Benjamin Wah (Provost of The Chinese University of Hong Kong) to officiate at the opening ceremony.

Last but not least, we would also like to take this opportunity to thank all our faculty members, staff and students for their dedicated work behind the scenes.

Zheng Michael Song and Junsen Zhang Program Committee Co-chairs Department of Economics The Chinese University of Hong Kong

2 About the Host

Department of Economics of The Chinese University of Hong Kong (CUHK)

Established in 1963, the Department of Economics at CUHK has a history as long as the University itself. Since then, the Department has played a leading role in economic research as well as economic education in Asia. Various recognized international rankings (e.g. QS and Times Higher Education) have consistently placed the Department as one of the top 50 economics departments in the world, and among the best in Asia. Besides our unique strength in the study of the Chinese Economy, the Department is also known for its innovative and important research in many other fields.

The Department of Economics at CUHK is one of the largest departments of the university with over 30 full-time faculty members covering all major research areas of economics. The Department today has many well-known scholars in the academic profession whose research appears regularly in top academic journals in economics.

The unique position of Hong Kong has enabled the Department of Economics at CUHK to act as a bridge of economic research between China and the rest of the world. The Department has hosted numerous distinguished scholars and visitors, and has continued to foster many important inter-university research programs. Consistent with CUHK’s vision in enhancing the understanding of the increasingly important Chinese Economy, nearly half of our faculty members engage in research related to various economic aspects of China, and many have received awards and recognitions in their fields. To further strengthen the Department’s international reputation of research in the Chinese Economy, CUHK and the Department have recently established research partnership with Tsinghua University and inaugurated the Chinese University of Hong Kong-Tsinghua University Joint Research Center for Chinese Economy.

The Department of Economics at CUHK offers a rigorous set of academic programs preparing our students for the most demanding professions. The comprehensive set of courses related to the Chinese Economy has long been popular for international students who wish to be at the forefront of modern Chinese economic development. We offer two postgraduate research programs: The Master of Philosophy (M.Phil) program was introduced in 1974 and is now the largest of its kind in Hong Kong. The Doctor of Philosophy (Ph.D) program was launched in 1982, and has trained numerous established researchers currently working across the globe. A Master of Science in Economics (M.Sc) program was also introduced in 2013, to cater for the needs for advanced economic training in the modern and dynamic workplace.

In the coming years, the Department of Economics at CUHK will continue to strive for excellence and maintain itself as a leading school of economics in Hong Kong and Asia.

For more of the latest developments and achievements of the Department of Economics at CUHK, please visit our website: http://www.econ.cuhk.edu.hk

3 Program Overview

3 June 2017 (Saturday)

8:00-8:30 Morning Refreshment and Registration 8:30-9:50 Opening Ceremony and Keynote Lecture 9:50-10:10 Coffee Break 10:10-11:50 Contributed / Invited Sessions 1 11:50-12:10 Coffee Break 12:10-12:55 Invited Lectures 12:55-13:55 Lunch 13:55-14:40 Invited Lectures 14:40-15:00 Coffee Break 15:00-16:40 Contributed / Invited Sessions 2 16:40-17:00 Coffee Break 17:00-18:40 Contributed / Invited Sessions 3

4 June 2017 (Sunday)

8:00-8:30 Morning Refreshment and Registration 8:30-10:10 Contributed / Invited Sessions 4 10:10-10:30 Coffee Break 10:30-12:10 Contributed / Invited Sessions 5 12:10-13:10 Lunch 13:10-13:55 Invited Lectures 13:55-14:05 Session Break 14:05-14:50 Invited Lecture

14:50-15:10 Coffee Break 15:10-16:50 Contributed / Invited Sessions 6 16:50-17:10 Coffee Break 17:10-18:10 Jacob Marschak Lecture 19:00 - 21:30 Conference Dinner

4 5 June 2017 (Monday)

8:00-8:30 Morning Refreshment and Registration 8:30-10:10 Contributed / Invited Sessions 7 10:10-10:30 Coffee Break 10:30-12:10 Contributed / Invited Sessions 8 12:10-13:10 Lunch 13:10-13:55 Invited Lectures 13:55-14:05 Session Break 14:05-14:50 Invited Lectures 14:50-15:10 Coffee Break 15:10-16:50 Contributed / Invited Sessions 9 16:50-17:10 Coffee Break 17:10-18:10 Keynote Lecture

Venues

YIA G/F YIA LT 1, 3 YIA LT 1 YIA LT 2, 3, 5, 6, 8, 9 and Room 401-411 and Room 501-511 YIA G/F and 2/F (Food Stations) ; YIA 1/F (Lounge with Food Stations) S.H. Ho College Canteen, Morningside College Dining Hall and 2/F of Yasumoto International Academic Park (YIA) Hyatt Regency Hong Kong, Shatin

* The Chinese University of Hong Kong is a smoke-free campus. * All rooms are randomly assigned.

5 Committees

Program Committee

Program Committee Chairs

Christopher Pissarides, The London School of Economics

Mark Rosenzweig, Yale University

Zheng Michael Song, The Chinese University of Hong Kong

Junsen Zhang, The Chinese University of Hong Kong

Program Committee Members

Chong-En Bai, Tsinghua University Qingmin Liu, Columbia University

Jushan Bai, Columbia University Zheng Liu, Federal Reserve Bank of San Francisco

Hongbin Cai, Peking University Jianjun Miao, Boston University

Songnian Chen, Rachel Ngai, The London School of Economics The Hong Kong University of Science and Technology

Xiaohong Chen, Yale University Kazuo Nishimura, Kyoto University

Albert Park, Yongmin Chen, University of Colorado, Boulder The Hong Kong University of Science and Technology

Soo Hong Chew, National University of Singapore Shin-Kun Peng, Academia Sinica

Davin Chor, National University of Singapore Nancy Qian, Northwestern University

David Cook, Yingyi Qian, Tsinghua University The Hong Kong University of Science and Technology

Jianqing Fan, Princeton University Larry Qiu, The University of Hong Kong

Hanming Fang, University of Pennsylvania Liangjun Su, Singapore Management University

Li Gan, Texas A&M University Wing Suen, The University of Hong Kong

John Ham, National University of Singapore Yeneng Sun, National University of Singapore

Han Hong, Stanford University Zhigang Tao, The University of Hong Kong

Guoqiang Tian, Texas A&M University, Yongmiao Hong, Cornell University, Xiamen University Shanghai University of Finance and Economics

Cheng Hsiao, University of Southern California Cheng Wang, Fudan University

Hidehiko Ichimura, The University of Tokyo Ping Wang, Washington University in St. Louis

Kamhon Kan, Academia Sinica Yoon-Jae Whang, Seoul National University

James Kung, Daniel Xu, Duke University The Hong Kong University of Science and Technology

Lung-Fei Lee, The Ohio State University Jun Yu, Singapore Management University

Tao Zha, Simon Lee, Columbia University Federal Reserve Bank of Atlanta, Emory University

Hongbin Li, Stanford University Xiaodong Zhu, University of Toronto

Tong Li, Vanderbilt University

6 Local Organizing Committee

Local Organizing Committee Chair

Kai-Sun Sunny Kwong, The Chinese University of Hong Kong

Local Organizing Committee Members

Tai-Leung Terence Chong, The Chinese University of Hong Kong

Yan-Chi Vinci Chow, The Chinese University of Hong Kong

Duozhe Li, The Chinese University of Hong Kong

Kai-Chung Wallace Mok, The Chinese University of Hong Kong

Ka-Ho Travis Ng, The Chinese University of Hong Kong

Chor-Wing Linda Yung, The Chinese University of Hong Kong

Advisory Committee

Advisory Committee Chairs

James Mirrlees, The Chinese University of Hong Kong

Chong-Kee Yip, The Chinese University of Hong Kong

Advisory Committee Members

Daniel Berkowitz, University of Pittsburgh

Gregory Chow, Princeton University

Cheng Hsiao, University of Southern California

Lawrence Lau, The Chinese University of Hong Kong

Lung-Fei Lee, The Ohio State University

Gérard Roland, University of California, Berkeley

Richard Wong, The University of Hong Kong

Registration Badges and Tickets

Registration badges must be worn for admission to all conference rooms and activities. Meal tickets must be presented at the door of lunch/dinner venues.

7 Floor Map

Yasumoto International Academic Park (YIA)

LT3 LT2

Registration Counter LT1

Bo oks hop

Caf e 330

1/F 2/F

Lounge and Food Station

8 LT4 LT5 LT6

LT7

201 LT9 LT8

411 410 409 407 405 403 401

408 406 404 402

511 510 509 507 505 503 501

508 506 504 502

9 Lunch

3 lunch venues: 1. Conference Venue - Yasumoto International Academic Park (YIA) (2/F oval shape area) 2. S.H. Ho College Canteen 3. Morningside College Dining Hall

To avoid congestion, please go to the S.H. Ho College Canteen and Morningside College Dining Hall due to limited capacity in the lunch venue in Yasumoto International Academic Park. Our student helpers will be available to guide you according to the availability of the lunch venues.

In case of bad weather (e.g. heavy rain), transportation will be available.

Maurice R. Greenberg Building

3rd Lunch Venue Morningside College Dining HallHall Pentecostal Mission Hall Complex Low Block

The Sir Philip Haddon-Cave University Sports Field Kwok Sports Ho Tim Hall Sports Centre Building

2nd Lunch Venue Lee Quo Wei Hall S.H. Ho College Canteen

UnUniversityiversity A Aveve

Unive Nurs rsity Av ery Path e

Madam S. H. Ho Hall

Ming Hua Tang

Pro gress Road

Lee Shu Pui Hall Chung Chi College Staff Quarters Block S WuWu Ho Man Yuen Building Station Road

Chung Chi Tang

Integrated 1st Lunch Venue Teaching Yasumotasumoto Building Station Road International Academic ParkPark

To University Station

10 Conference Dinner

4 June 2017 (Sunday), 18:30 – 21:30 Time: 18:30 Cocktail reception starts 19:00 Program starts Venue: Regency Ballroom, Hyatt Regency Hong Kong, Shatin 18 Chak Cheung Street, Sha Tin, New Territories, Hong Kong Access to Conference Dinner Venue 1. Walk from Conference Venue (10 minutes) 2. Walk from University Station (Exit B) (3 minutes) 3. Travel from Shatin Station (10 – 15 minutes) - MTR train (East Rail Line) to University Station (Exit B) (10 minutes, 2 stations away) or - Taxi (15 minutes)

11 Opening Ceremony and Keynote Lectures

3 June 2017 (Saturday) Opening Ceremony and 8:30-9:50 Keynote Lecture Venue: YIA LT 1, G/F

Opening Ceremony

Opening addresses by • Professor Eddie Dekel, President of The Econometric Society, 2016 • Mr. Mo-po Paul Chan, Financial Secretary of the Hong Kong Government • Professor Benjamin Wah, Provost of The Chinese University of Hong Kong

Chair: Junsen Zhang Program Co-chair of the 2017 Asian Meeting of the Econometric Society Wei Lun Professor of Economics, The Chinese University of Hong Kong

Keynote Lecture: “Who Becomes a Politician?”

Professor Torsten Persson Swedish Research Council Distinguished Professor Institute for International Economic Studies, Stockholm University

Centennial Professor The London School of Economics

Chair: Chong-Kee Yip, The Chinese University of Hong Kong

Jacob Marschak Lecture: 4 June 2017 (Sunday) Understanding the Multifaceted Life-Cycle Benefits 17:10-18:10 for an Influential Early Childhood Program Venue: YIA LT 1, G/F

Professor James Heckman 2000 Nobel Laureate in Economic Sciences

Henry Schultz Distinguished Service Professor of Economics The University of Chicago

Chair: Naijia Guo, The Chinese University of Hong Kong

5 June 2017 (Monday) Are There Too Many Farms in the World? 17:10-18:10 Venue: YIA LT 1, G/F

Professor Mark Rosenzweig Frank Altschul Professor of International Economics Yale University

Chair: Junsen Zhang, The Chinese University of Hong Kong

12 Invited Lectures

3 June 2017 (Saturday) 12:10-12:55 13:55-14:40

Firm-to-Firm Networks and International Trade Understanding the Great Gatsby Curve Venue: YIA LT 1, G/F Venue: YIA LT 1, G/F Professor Samuel Kortum Professor Steven Durlauf James Burrows Moffatt Professor of Economics, Yale University William F. Vilas Research Professor, Kenneth J. Arrow Professor of Chair: Liugang Sheng, The Chinese University of Hong Kong Economics, University of Wisconsin-Madison Chair: Matthew Shi, The Chinese University of Hong Kong Some Studies in Spatial and Social Networks Moving the Goalposts Formation Venue: YIA LT 3, G/F Venue: YIA LT 3, G/F Professor Jeffrey Ely Professor Lung-Fei Lee Charles E. and Emma H. Morrison Professor of Economics, Northwestern University Chaired Professor, The Ohio State University University Chair: Chih-Sheng Hsieh, The Chinese University of Hong Kong Chair: Duozhe Li, The Chinese University of Hong Kong

4 June 2017 (Sunday) 13:10-13:55 14:05-14:50

The Impacts of Neighbourhoods on Intergenerational R&D Misallocation and TFP Growth: Mobility China Today vs. Taiwan Yesterday Venue: YIA LT 1, G/F Venue: YIA LT 1, G/F Professor Raj Chetty Professor Fabrizio Zilibotti Professor of Economics, Stanford University Professor of Macroeconomics and Political Economy, University of Zurich Chair: Wallace Mok, The Chinese University of Hong Kong Chair: Zheng Michael Song, The Chinese University of Hong Kong Consumption and House Prices in the Great Recession: Model Meets Evidence Venue: YIA LT 3, G/F Professor Gianluca Violante William R. Berkley Term Chair of Professor of Economics and Business, New York University Chair: Yin-Chi Wang, The Chinese University of Hong Kong 5 June 2017 (Monday) 13:10-13:55 14:05-14:50

Global Mortality Consequences of Climate Change Trade and Reallocation Accounting for Adaptation Costs and Benefits Venue: YIA LT 1, G/F Venue: YIA LT 1, G/F Professor Chang-Tai Hsieh Professor Michael Greenstone Phyllis and Irwin Winkelried Professor of Economics, Milton Friedman Professor in Economics, the College, the Harris School, The University of Chicago Booth School of Business The University of Chicago Chair: Yifan Zhang, The Chinese University of Hong Kong Chair: Zhentao Shi, The Chinese University of Hong Kong Generalized Compensation Principle Filial Piety, Old-Age Support, and Children's Gender Venue: YIA LT 3, G/F Composition Professor Aleh Tsyvinski Venue: YIA LT 3, G/F Arthur M. Okun Professor of Economics, Yale University Professor Junsen Zhang Chair: Hai X. Nguyen, The Chinese University of Hong Kong Wei Lun Professor of Economics, The Chinese University of Hong Kong Chair: Travis Ng, The Chinese University of Hong Kong

13 Venue YIA LT6, 2/F YIA LT6, 2/F YIA LT8, 2/F YIA LT9, YIA 4/F 401, YIA 4/F 402, YIA 4/F 403, YIA 404, 4/F YIA 405, 4/F YIA 406, 4/F YIA 407, 4/F YIA 408, 4/F YIA 409, 4/F YIA 410, 4/F YIA 411, 4/F YIA 501, 5/F YIA 502, 5/F YIA 503, 5/F YIA 504, 5/F YIA 505, 5/F YIA 506, 5/F YIA 507, 5/F YIA 508, 5/F YIA 509, 5/F YIA 510, 5/F YIA 511, 5/F YIA LT3, G/F YIA LT3, YIA LT2, G/F YIA LT2, International Trade: Quantitative Models Quantitative Trade: International and Networks of Social Interactions Econometrics Methods for High-Dimensional Models Econometric Comparative Advantages in Global Economy Advantages Comparative Misallocation and Firm Dynamics Misallocation and Firm and Capital Flows Rates Exchange Firm Effects and Peer Teacher Dynamic Games and the Macroeconomy Asset Market History Economic Unemployment Financial Institutions and Services Financial Market in IO I Topics I International Trade Inequality I Trade of International Economy Political with Frictions Market Development Issues on Asian Economic Matching and Bargaining I Financial Econometrics Demography Educational Rate Inflation and Exchange Design Matching and Market and Growth Volatility Perspectives Historical and Long-Run Growth: Persistence Session Title

Session 1.25i Session 1.26i Session 1.27i Session 1.24i Session ID Session 1.1c Session 1.2c Session 1.3c Session 1.4c Session 1.5i Session 1.6c Session 1.7c Session 1.8c Session 1.9c Session 1.10c Session 1.11c Session 1.12c Session 1.13c Session 1.14c Session 1.15c Session 1.16i Session 1.17c Session 1.18c Session 1.19c Session 1.20c Session 1.21c Session 1.22c Session 1.23i There are 9 timeslots for contributed/ invited sessions in total over the 3 days with 26 to 28 parallel sessions in each timeslot. The first number in each The timeslot. sessions in each 28 parallel 26 to with 3 days the over 9 timeslots contributed/ for sessions invited in total are There session at the end of each ID refers The letter “c” session number. the parallel to the session number and the second number refers to session refers ID “invited session”. to “i” refers session”, “contributed to Contributed / Invited Sessions 1 Sessions / Invited Contributed 10:10-11:50 Contributed / Invited Sessions / Invited Contributed

3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 14 15:00-16:40 Contributed /Invited Sessions 2 to “contributed session”, “i”refers to “invitedsession”. ID referssession torefersand thesecondnumber number thesession to theparallelnumber. session The letter“c”ID refers attheendofeach session There arein totalinvited sessions for contributed/ 9 timeslots over the 3 days with 26 to 28 parallel in each sessions timeslot. The numberineach first Session 2.27i Session 2.26i Session 2.25i Session 2.24i Session 2.23i Session 2.22c Session 2.21c Session 2.20c Session 2.19c Session 2.18c Session 2.17c Session 2.16i Session 2.15c Session 2.14c Session 2.13c Session 2.12c Session 2.11c Session 2.10c Session 2.9c Session 2.8c Session 2.7c Session 2.6c Session 2.5i Session 2.4c Session 2.3c Session 2.2c Session 2.1c Session ID Session Title Monetary Theory Monetary Econometric Models Endogenous NetworksandSpatialWeights forInteractions Gender-Related IssuesinLaborEconomics Asymmetric InformationandSelectioninMarkets: andEmpirics Theory The Political Economy inDeveloping Countries Policy Asset PriceandMonetary Trade Policy Topics inMicroeconomic II Theory Topics inEconometrics I ofMarketTheory Firm, Employment, andEntrepreneurship Economic ApplicationsofMachineLearning Financial Market andMacro Policy I Matching andContracting Applied Microeconomics I-Preference andRisk Perception Topics inMicroeconomic I Theory Open Macro Information, RiskandAmbiguity Household Structure andHouseworkAllocation PolicyBusiness Cycle andMonetary Applied Econometrics Human Capitaland Technology Diffusion Quantitative Urban/RegionalEconomics Sex Ratio,Family andGenderGaps Game andApplications Theory Globalization andCapitalFlows Family Economics I YIA LT3,YIA G/F LT2,YIA G/F YIA 511,5/F YIA 510,5/F YIA 509,5/F YIA 508,5/F YIA 507,5/F YIA 506,5/F YIA 505,5/F YIA 504,5/F YIA 503,5/F YIA 502,5/F YIA 501,5/F YIA 411,4/F YIA 410,4/F YIA 409,4/F YIA 408,4/F YIA 407,4/F YIA 406,4/F YIA 405,4/F YIA 404,4/F YIA 403,4/F YIA 402,4/F YIA 401,4/F YIA YIA LT9,YIA 2/F LT8,YIA 2/F LT6,YIA 2/F Venue 15 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue YIA LT6, 2/F YIA LT6, 2/F YIA LT8, 2/F YIA LT9, YIA 4/F 401, YIA 4/F 402, YIA 403, 4/F YIA 404, 4/F YIA 405, 4/F YIA 406, 4/F YIA 407, 4/F YIA 408, 4/F YIA 409, 4/F YIA 410, 4/F YIA 411, 4/F YIA 501, 5/F YIA 502, 5/F YIA 503, 5/F YIA 504, 5/F YIA 505, 5/F YIA 506, 5/F YIA 507, 5/F YIA 508, 5/F YIA 509, 5/F YIA 510, 5/F YIA 511, 5/F YIA LT3, G/F YIA LT3, YIA LT2, G/F YIA LT2, Financial Econometrics II Financial Econometrics Labor Economics Theory in Game Topics Microeconometric Analysis in Asia: Three ImportantThree (and Underused) Analysis in Asia: Microeconometric Datasets State Capacity and Government Debt State Capacity and Government Liquidity and Monetary Policy Theory Markets and in Game Topics Diffusion and Growth Technology Inference and Semiparametric Nonparametric Governance Corporate Model Uncertainty and Information Design Optimal Contracts Power Women’s Banking and Financial Crisis Capital Structure, II Policy and Macro Financial Market Structure Firms and Market Optimal Contract in Business Cycle and Propagations Comovement Industries ICT I Education Transfer Mobility and Intergenerational Optimal Monetary in Open Economies Policy Trade and Gains from Policy Trade and Decisions Preferences I Policies Tax Modelling in Finance Networks and Production Trade in Empirical International Topics Session Title Session 3.25i Session 3.26i Session 3.27i Session 3.24i Session ID Session 3.1c Session 3.2c Session 3.3i Session 3.4c Session 3.5i Session 3.6c Session 3.7c Session 3.8c Session 3.9c Session 3.10c Session 3.11c Session 3.12c Session 3.13c Session 3.14c Session 3.15c Session 3.16i Session 3.17c Session 3.18c Session 3.19c Session 3.20c Session 3.21c Session 3.22c Session 3.23i There are 9 timeslots for contributed/ invited sessions in total over the 3 days with 26 to 28 parallel sessions in each timeslot. The first number in each The timeslot. sessions in each 28 parallel 26 to with 3 days the over 9 timeslots contributed/ for sessions invited in total are There session at the end of each ID refers The letter “c” session number. the parallel to the session number and the second number refers to session refers ID “invited session”. to “i” refers session”, “contributed to Contributed / Invited Sessions 3 Sessions / Invited Contributed 17:00-18:40

3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 16 8:30-10:10 Contributed /Invited Sessions 4 to “contributed session”, “i”refers to “invitedsession”. ID referssession torefersand thesecondnumber number thesession to theparallelnumber. session The letter“c”ID refers attheendofeach session There arein totalinvited sessions for contributed/ 9 timeslots over the 3 days with 26 to 28 parallel in each sessions timeslot. The numberineach first Session 4.27i Session 4.26c Session 4.25i Session 4.24i Session 4.23i Session 4.22c Session 4.21c Session 4.20c Session 4.19c Session 4.18c Session 4.17c Session 4.16i Session 4.15c Session 4.14c Session 4.13c Session 4.12c Session 4.11c Session 4.10c Session 4.9c Session 4.8c Session 4.7c Session 4.6c Session 4.5i Session 4.4c Session 4.3i Session 4.2c Session 4.1c Session ID Session Title Gender andIntrahousehold Economics Political Economy Trade, Migration andDynamicSpatialModels Asset Bubbles,MultipleEquilibria, andEconomic Activities Chinese Economy: Trade andMacroeconomics Searching, Learning,andCommunication Life Cycle Model High DimensionalDataandSingle-IndexModel Tax Policies II Financial Regulation Topics inIOII Topics inEconomic I Theory Technical Progress Endogeneity andNonparametric Gender Inequality International Trade andExchange Rate Financial Economics I Child Care andFertility Auctions andMechanismsI Policy, Environment andHealth Household Finance Topics inMicroeconomic III Theory Semiparametric EstimationofLimitedDependentVariable Models Information Acquisition Development inEstimationofDynamicDiscrete ChoiceModels Education Economics I andBusinessCycle Uncertainty YIA LT3,YIA G/F LT2,YIA G/F YIA 511,5/F YIA 510,5/F YIA 509,5/F YIA 508,5/F YIA 507,5/F YIA 506,5/F YIA 505,5/F YIA 504,5/F YIA 503,5/F YIA 502,5/F YIA 501,5/F YIA 411,4/F YIA 410,4/F YIA 409,4/F YIA 408,4/F YIA 407,4/F YIA 406,4/F YIA 405,4/F YIA 404,4/F YIA 403,4/F YIA 402,4/F YIA 401,4/F YIA YIA LT9,YIA 2/F LT8,YIA 2/F LT6,YIA 2/F Venue 17 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue YIA LT6, 2/F YIA LT6, 2/F YIA LT8, 2/F YIA LT9, 2/F YIA LT5, YIA 4/F 401, YIA 4/F 402, YIA 4/F 403, YIA 404, 4/F YIA 405, 4/F YIA 406, 4/F YIA 407, 4/F YIA 408, 4/F YIA 409, 4/F YIA 410, 4/F YIA 411, 4/F YIA 501, 5/F YIA 502, 5/F YIA 503, 5/F YIA 504, 5/F YIA 505, 5/F YIA 506, 5/F YIA 507, 5/F YIA 508, 5/F YIA 509, 5/F YIA 510, 5/F YIA 511, 5/F YIA LT3, G/F YIA LT3, YIA LT2, G/F YIA LT2, Topics in Econometrics II in Econometrics Topics Models Estimation in Structural Sieve Theory II in Economic Topics and Chinese Economy Trade International Financial Stability and Regulation Human Capital I Trade International China’s Skills Noncognitive Information and Incentives Uncertainties Lifecycle and Decisions over Labor and Education Labor I Macro in Macroeconomics Topics Multinationals and FDI in Public Economics Topics Labor Supply and Demand in Asset Pricing Topics Estimation and Inference Social Networks I International Financial Markets Data Analysis Panel Growth Issues in Economic I Theory Behavior of Microeconomic Theory IV in Microeconomic Topics Uncertainty and Financial Frictions Information and Price Efficiency II Theory Behavior of Microeconomic Financial Intermediation and Firm Dynamics Session Title Session 5.25i Session 5.26i Session 5.27i Session 5.28i Session 5.24i Session ID Session 5.1c Session 5.2c Session 5.3c Session 5.4c Session 5.5i Session 5.6c Session 5.7c Session 5.8c Session 5.9c Session 5.10c Session 5.11c Session 5.12c Session 5.13c Session 5.14c Session 5.15c Session 5.16c Session 5.17c Session 5.18c Session 5.19c Session 5.20c Session 5.21c Session 5.22c Session 5.23i There are 9 timeslots for contributed/ invited sessions in total over the 3 days with 26 to 28 parallel sessions in each timeslot. The first number in each The timeslot. sessions in each 28 parallel 26 to with 3 days the over 9 timeslots contributed/ for sessions invited in total are There session at the end of each ID refers The letter “c” session number. the parallel to the session number and the second number refers to session refers ID “invited session”. to “i” refers session”, “contributed to Contributed / Invited Sessions 5 Sessions / Invited Contributed 10:30-12:10

3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 18 15:10-16:50 Contributed /Invited Sessions 6 to “contributed session”, “i”refers to “invitedsession”. ID referssession torefersand thesecondnumber number thesession to theparallelnumber. session The letter“c”ID refers attheendofeach session There arein totalinvited sessions for contributed/ 9 timeslots over the 3 days with 26 to 28 parallel in each sessions timeslot. The numberineach first Session 6.27i Session 6.26i Session 6.25i Session 6.24i Session 6.23i Session 6.22c Session 6.21c Session 6.20c Session 6.19c Session 6.18c Session 6.17c Session 6.16c Session 6.15c Session 6.14c Session 6.13c Session 6.12c Session 6.11c Session 6.10c Session 6.9c Session 6.8c Session 6.7c Session 6.6c Session 6.5c Session 6.4c Session 6.3c Session 6.2c Session 6.1c Session ID Session Title Matching andMarket-DesignTheory Applications Big DataEconometrics Financial Systems Advances inMicroeconometrics Firm Growth inDeveloping Countries Demography andDevelopment Growth andPublicPolicy Technological ChangeandEconomic Growth Lending, Rationing,andMechanisms Uncertainty, Investment andFirmEntry Repeated GamesandSequential China’s Saving Topics inBanking Econometrics inFinance Global Value Chain Environmental Issues Labor Market Frictions Applied Microeconomics II-Impactof Technology Business Cycle Panel DataModels Microstructure andCredit Markets Inequality II Panel, HighDimensionalandCombinedData Financial Economics II Choice Processes andInformationAcquisition Empirical StudiesofFirmsandMarkets Wages, SkillsandMigration YIA LT3,YIA G/F LT2,YIA G/F YIA 511,5/F YIA 510,5/F YIA 509,5/F YIA 508,5/F YIA 507,5/F YIA 506,5/F YIA 505,5/F YIA 504,5/F YIA 503,5/F YIA 502,5/F YIA 501,5/F YIA 411,4/F YIA 410,4/F YIA 409,4/F YIA 408,4/F YIA 407,4/F YIA 406,4/F YIA 405,4/F YIA 404,4/F YIA 403,4/F YIA 402,4/F YIA 401,4/F YIA YIA LT9,YIA 2/F LT8,YIA 2/F LT6,YIA 2/F Venue 19 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue YIA LT6, 2/F YIA LT6, 2/F YIA LT8, 2/F YIA LT9, YIA 4/F 401, YIA 4/F 402, YIA 4/F 403, YIA 404, 4/F YIA 405, 4/F YIA 406, 4/F YIA 407, 4/F YIA 408, 4/F YIA 409, 4/F YIA 410, 4/F YIA 411, 4/F YIA 501, 5/F YIA 502, 5/F YIA 503, 5/F YIA 504, 5/F YIA 505, 5/F YIA 506, 5/F YIA 507, 5/F YIA 508, 5/F YIA 509, 5/F YIA 510, 5/F YIA LT3, G/F YIA LT3, YIA LT2, G/F YIA LT2, Liquidity and Credit III International Trade Models Nonlinear Dynamics in Intertemporal Equilibrium China’s Macroeconomic Policy Macroeconomic China’s International Trade and Labor Market Trade International II Economics Family Decision Making Information and Collective Platforms Models Data and Multiple Equation Panel and Mechanisms II Auctions Asset Pricing Econometrics Nonparametric Signaling Bootstrap Testing and II Economics Education II Education Analysis Bayesian II International Trade Labor II Macro Implementation in Global Economy Topics and Airlines Automobiles Finance Corporate Asset and Housing Market Health and Aging & liberalization CUHK APEC Study Center Sponsored Session: Trade FTA Session Title Session 7.24i Session 7.25i Session 7.26i Session 7.23i Session ID Session 7.1c Session 7.2c Session 7.3c Session 7.4c Session 7.5i Session 7.6c Session 7.7c Session 7.8c Session 7.9c Session 7.10c Session 7.11c Session 7.12c Session 7.13c Session 7.14c Session 7.15c Session 7.16c Session 7.17c Session 7.18c Session 7.19c Session 7.20c Session 7.21c Session 7.22i There are 9 timeslots for contributed/ invited sessions in total over the 3 days with 26 to 28 parallel sessions in each timeslot. The first number in each The timeslot. sessions in each 28 parallel 26 to with 3 days the over 9 timeslots contributed/ for sessions invited in total are There session at the end of each ID refers The letter “c” session number. the parallel to the session number and the second number refers to session refers ID “invited session”. to “i” refers session”, “contributed to Contributed / Invited Sessions 7 Sessions / Invited Contributed 8:30-10:10

3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 20 10:30-12:10 Contributed /Invited Sessions 8 to “contributed session”, “i”refers to “invitedsession”. ID referssession torefersand thesecondnumber number thesession to theparallelnumber. session The letter“c”ID refers attheendofeach session There arein totalinvited sessions for contributed/ 9 timeslots over the 3 days with 26 to 28 parallel in each sessions timeslot. The numberineach first Session 8.26i Session 8.25i Session 8.24i Session 8.23i Session 8.22i Session 8.21c Session 8.20c Session 8.19c Session 8.18c Session 8.17c Session 8.16i Session 8.15c Session 8.14c Session 8.13c Session 8.12c Session 8.11c Session 8.10c Session 8.9c Session 8.8c Session 8.7c Session 8.6c Session 8.5i Session 8.4c Session 8.3c Session 8.2c Session 8.1c Session ID Session Title Measurement Error TradeInternational IV Panel DataEconometrics Media andAccountabilityinChina Auctions: andEmpirics Theory Applied Microeconomics III-FinancialService Topics inFinancialEconomics Urban Economics andPublicGoods Topics inEconomic III Theory Inequality and Tax Policy PolicyDeregulation, andEconomic Industry Development Business Cycle andMacro Policy I Gender andMarriage Consumption andInsurance Time-Series andDynamicModels Social ChoiceandFair Distribution Bargaining Theory Topics inNetworkandSupplyChain Economics Monetary Pricing Microeconometrics: LimitedDependentVariable Applications ofDynamicContracts inContinuous Time Learning andCommunication Banking, Credit AllocationinMacroeconomics China’s International Trade II International FinancialMarkets II YIA LT3,YIA G/F LT2,YIA G/F YIA 510,5/F YIA 509,5/F YIA 508,5/F YIA 507,5/F YIA 506,5/F YIA 505,5/F YIA 504,5/F YIA 503,5/F YIA 502,5/F YIA 501,5/F YIA 411,4/F YIA 410,4/F YIA 409,4/F YIA 408,4/F YIA 407,4/F YIA 406,4/F YIA 405,4/F YIA 404,4/F YIA 403,4/F YIA 402,4/F YIA 401,4/F YIA YIA LT9,YIA 2/F LT8,YIA 2/F LT6,YIA 2/F Venue 21 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue YIA LT6, 2/F YIA LT6, 2/F YIA LT8, 2/F YIA LT9, YIA 4/F 401, YIA 4/F 402, YIA 4/F 403, YIA 404, 4/F YIA 405, 4/F YIA 406, 4/F YIA 407, 4/F YIA 408, 4/F YIA 409, 4/F YIA 410, 4/F YIA 411, 4/F YIA 501, 5/F YIA 502, 5/F YIA 503, 5/F YIA 504, 5/F YIA 505, 5/F YIA 506, 5/F YIA 507, 5/F YIA 508, 5/F YIA 509, 5/F YIA 510, 5/F YIA 511, 5/F YIA LT2, G/F YIA LT2, Education and Labor Market Education International Channels of Monetary Policy and Matching Auctions Investment, Production and Growth Production Investment, and Retirement Elderly Care Health Insurance Housing Market in Financial Econometrics Recent Advances II Policy and Macro Business Cycle Finance and Corporate Behavioral and Coordination Cooperation Differentiation and Product Markets Imperfect Network and Market Endogeneity Models and Non-separable Taxation Analyses of Quantitative Finance and Banking Corporate Law and Institutions Equation Models Identification of Multiple and Biological Economics Behavioral V International Trade Participation Force Gender Earnings and Labor Job Polarization, Methods and Semiparametric Nonparametric and Unemployment Wages Inequality and Development History, Economic Experiment International Macroeconomics Session Title Session 9.24i Session 9.25i Session 9.26i Session ID Session 9.1c Session 9.2c Session 9.3c Session 9.4c Session 9.5i Session 9.6c Session 9.7c Session 9.8c Session 9.9c Session 9.10c Session 9.11c Session 9.12c Session 9.13c Session 9.14c Session 9.15c Session 9.16i Session 9.17c Session 9.18c Session 9.19c Session 9.20c Session 9.21c Session 9.22c Session 9.23i There are 9 timeslots for contributed/ invited sessions in total over the 3 days with 26 to 28 parallel sessions in each timeslot. The first number in each The timeslot. sessions in each 28 parallel 26 to with 3 days the over 9 timeslots contributed/ for sessions invited in total are There session at the end of each ID refers The letter “c” session number. the parallel to the session number and the second number refers to session refers ID “invited session”. to “i” refers session”, “contributed to Contributed / Invited Sessions 9 Sessions / Invited Contributed 15:10-16:50

3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 22 * Presenter Seungjoon Oh,Peking University* Kyungran Lee, The University ofHongKong ; KatieMoon,University ofColorado, Boulder; Well BegunisHalfDone:Initial R&DCompetenceandFirmGrowth Bipasa Datta,University ofYork* ;MatthewBeacham,University ofYork Who BecomestheWinner?Effects ofVenture CapitalonFirms’Innovative Incentives ;LaurentM. CeciliaBustamante,University Fresard, ofMaryland* University ofMaryland Does FirmInvestment Respondto Peers’ Investment? Session Chair:SeungjoonOh,Peking University Firm Session 1.3c Dimitrios Tsomocos, University ofOxford* University HigherSchoolofEconomics ; Udara Peiris, NationalResearch University HigherSchoolofEconomics ;AnnaSokolova, NationalResearch Capital Flows,Default,andRenegotiationinaSmallOpenEconomy Siqiang Yang, University ofPittsburgh Nominal Exchange RateVolatility, Accumulation DefaultRiskandReserve Chang Ma,JohnsHopkinsUniversity Macro-Hedging andSovereign DefaultforCommodityExporters Woo JinChoi,University ofVirginia* ;Alan Taylor, University ofCalifornia,Davis and theRealExchange Rate Precaution Versus Mercantilism: Accumulation,CapitalControls, Reserve Session Chair:Dimitrios Tsomocos, University ofOxford Exchange Rates andCapitalFlows Session 1.2c Ping Wang, Washington University inSt.Louis;JingWu Yongheng Deng,NationalUniversity ofSingapore ;Yang Tang, Nanyang Technological University* ; Spatial MisallocationinChineseHousingandLandMarket Xiaodan Gao,NationalUniversity ofSingapore ;Jake Zhao,Peking University HSBCBusinessSchool* R&D DynamicsandCorporate Cash Sangyoon Park, The University ofHongKong Input MisallocationandProduction Externalities In HwanJo,NationalUniversity ofSingapore* ; Tatsuro University ofLondon Senga,QueenMary Firm Dynamics,Misallocation,and Targeted Policies Session Chair:Yang Tang, Nanyang Technological University Misallocation andFirmDynamics Session 1.1c Full List ofContributed /Invited Sessions Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :10:10-11:50 Time :10:10-11:50 Time :10:10-11:50 Venue 403,4/F :YIA Venue 402,4/F :YIA Venue 401,4/F :YIA

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Venue : YIA 405, 4/F Venue : YIA 406, 4/F Venue Venue : YIA 404, 4/F Venue Time : 10:10-11:50 Time : 10:10-11:50 Time : 10:10-11:50 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Toyoichiro Shirota, Hokkaido University Shirota, Toyoichiro Ruediger Bachmann, University of Notre Dame* ; Sebastian Rueth, University of Ghent Dame* ; Sebastian Rueth, University of Notre Ruediger Bachmann, University News Shocks and Asset Returns University Ningru Zhao, Nanjing Audit Fluctuations Housing Demand and Economic from Spillovers Asset Market and the Macroeconomy Market Asset Hokkaido University Shirota, Toyoichiro Session Chair : Curves Spread Bond Yield and Credit Determinants of Japanese Government No-Arbitrage University* Seikei Takaoka, ; Sumiko National University Australian Okimoto, Tatsuyoshi Ratios of Shifts in Loan-To-Value Effects Systematic Monetary and the Macroeconomic Policy Tax Policy and Welfare in Dynamic Monopoly Welfare and Policy Tax Seoul National University ; Changhyun Kwak, Jihong Lee, Seoul National University* 1.6c Session Bingchao Huangfu, Zhongnan University of Economics and Law* ; Heng Liu, University of Michigan Liu, University and Law* ; Heng of Economics Bingchao Huangfu, Zhongnan University of Mutual Funds and the Incentives Effects Star-rating University School of Management, Peking Guanghua Xi Weng, with Outside Options Buyers in Selling to Delay of Hong Kong Dongkyu Chang, City University Session 1.5i Session Dynamic Games Seoul National University and Chair : Jihong Lee, Session Organizer Selection Lemons: Multi-good Dynamic Adverse Two of Tale A Jie Gong, National University of Singapore* ; Yi Lu, National University of Singapore ; of Singapore National University ; Yi Lu, of Singapore* Jie Gong, National University of Singapore Hong Song, National University Delinquency on Juvenile School Peers of High The Effects University Songman Kang, Hanyang Endogenous Shocks in Social Networks: Exam Retakes and Friends’ Future Performance Future and Friends’ in Social Networks: Exam Retakes Endogenous Shocks Mannheim, WU Vienna of University Maria Marchenko, Decisions Retirement Teachers’ on Public School Effects Peer of Missouri-Columbia University Kong, Wei Outcomes Gender on Students’ Academic and Noncognitive Teacher of The Effect Session 1.4c Session Effects and Peer Teacher University Kang, Hanyang Session Chair : Songman

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 24 * Presenter Xin Jin,University ofAberdeen Elasticity: Evidence from OilData The RoleofMarket Expectations inCommodityPriceDynamicsandtheDemand Malika Hamadi,University ofSurrey* ;Andreas Heinen,Universite deCergy-Pontoise Guillermo Baquero, European SchoolofManagementand Technology ; Competition amongMFIs:FinancialandSocial Tradeoffs Tse-Chun Lin, The University ofHongKong ;Vesa Pursiainen, The University ofHongKong* Marriage ofOpposites? The ImpactofSocialCapitalDifferences onMergers andAcquisitions Session Chair:XinJin,University ofAberdeen Financial Institutions andServices Session 1.9c Taehyun Ahn,SogangUniversity Reemployment Bonuses,Unemployment Duration, andJobMatchQuality François Fontaine, Paris SchoolofEconomics* ;Andreas Kettemann, University ofZurich Quasi-Experimental Evidence on Take-up andtheValue ofUnemployment Insurance Carlos Flores, CaliforniaPolytechnic StateUniversity ;AlfonsoFlores-Lagunes, Syracuse University German Blanco,IllinoisStateUniversity ;Xuan Chen,RenminUniversity ofChina*; Analysis in The Presence ofCensoringandNoncompliance Average andQuantileEffects of Training onEmployment andUnemployment Spells:ABounds Session Chair: Taehyun Ahn,SogangUniversity Unemployment Session 1.8c Laura Panza, University ofMelbourne;EikSwee,University ofMelbourne* Inequality andConflictIntensificationinMandate Palestine Hiroyuki Kasahara, University ofBritishColumbia;BingjingLi,NationalUniversity ofSingapore* The CausesofChina’s Great Famine, 1959-1961:County-Level Evidence Difei Ouyang, University ofGeneva* ;Weidi Yuan, University ofGeneva The LegacyEffect ofWWIIMassacres onChina’s External Trade Patterns Cong Liu,ShanghaiUniversity ofFinanceandEconomics China Civil Wars, Political Fragmentation, andIndustrialDevelopment inEarly Twentieth-Century Session Chair:EikSwee,University ofMelbourne Economic History Session 1.7c Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :10:10-11:50 Time :10:10-11:50 Time :10:10-11:50 Venue 407,4/F :YIA Venue 409,4/F :YIA Venue 408,4/F :YIA

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Venue : YIA 411, 4/F Venue : YIA 501, 5/F Venue Venue : YIA 410, 4/F Venue Time : 10:10-11:50 Time : 10:10-11:50 Time : 10:10-11:50 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Does Import Competition Induce R&D Reallocation? Evidence from the U.S. Does Import from Competition Induce R&D Reallocation? Evidence International Monetary ; Rui Xu, Fund University* Kaiji Gong, Stanford Masashige Hamano, Sophia University International Geopolitics College Ben Li, Boston and Collusion Differentiation Product Protection, Tariff ; of Finance and Economics ; Caixia Shen, Shanghai University Xiaolan Zhou, East China Normal University* of Hong Kong The Chinese University and Business ; Junji Xiao, of Economics Capital University Wang, Yanfei 1.12c Session I Trade International University Session Chair : Kaiji Gong, Stanford Dynamics Trade and Quality in Variety Continuous Spatial Monopolistic Competition: Matching Goods with Consumers Continuous Spatial Monopolistic Competition: Higher School of Economics University National Research Kokovin, Sergey Transactions with Multiple Property Rights Approach Gakuin University Nakaizumi, Kanto Takuya Longhua Liu, Shandong University ; X. Henry Wang, University of Missouri-Columbia ; University ; X. HenryLonghua Liu, Shandong University Wang, RCGEB, Shandong University* Chenhang Zeng, Collusion Tacit Utility and Dynamic Diminishing Marginal ; Technology* and of Science University The Hong Kong Liu, Ke Technology of Science and University The Hong Kong Fong, Yuk-fai 1.11c Session in IO I Topics Gakuin University Nakaizumi, Kanto Takuya Session Chair : Duopoly in a Mixed Differentiation Product Endogenous Horizontal Po-Hsuan Hsu, The University of Hong Kong ; Mark Taylor, Warwick Business School ; Warwick Taylor, ; Mark Hong Kong of The University Hsu, Po-Hsuan of Hong Kong* The University Zigan Wang, the Market Wins and “Beats’’ Trading - Wavelet How Wave Indiana University Tran, Lanh Who Makes The Market During Stressed Periods? HFT vs. Dealers HFT Periods? Stressed During The Market Who Makes University Queen’s Xu, Ke Data High-Frequency from Prices Cluster? Evidence Do Jumps in Financial Ping Chen Tsai Really Are? They How Profitable Trades: Carry 1.10c Session Financial Market Indiana University Tran, Session Chair : Lanh

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 26 Yujing Xu, The University ofHongKong* ;HuanxingYang, The OhioStateUniversity Targeted Search withHorizontal Differentiation intheMarriage Market Andrew Choi,SeoulNationalUniversity Matching withSearching Menghan Xu, XiamenUniversity Search Frictions inCrowdfunding Markets Session Chair:Yujing Xu, The University ofHongKong Market withFrictions Session 1.15c Simon Fan, LingnanUniversity* ;YifanZhang, The ChineseUniversity ofHongKong Gregory W. Whitten,LingnanUniversity ;Xiaoyi Dai, The ChineseUniversity ofHongKong ; The Effect ofChina’s Political RelationsonherInternational Trade Pao-Li Chang,Singapore ManagementUniversity ;Hyojung Lee,Singapore ManagementUniversity* Korean Wave and Trade: DeterminantsandImplications Marie-Claire Robitaille,University ofNottinghamNingboChina Maritime Piracy andInternational Trade Hans-Jörg Schmerer, FernUniversität InstituteforEmployment Research, inHagen,IAB CESifo Antonia Reinecke, FernUniversität inHagen*; Redistribution, Trade andCorruption:An EmpiricalAssessment Session Chair:SimonFan, LingnanUniversity Political Economy ofInternational Trade Session 1.14c Yoko Niimi,AsianGrowth Research Institute;CharlesHorioka,AsianGrowth Research Institute* United States The ImpactofIntergenerational Transfers onHouseholdWealth InequalityinJapanandthe James Malley, University ofGlasgow, CESifo Konstantinos Angelopoulos,University ofGlasgow;Spyridon Lazarakis, University ofGlasgow*; Asymmetries inEarnings,Employment andWage RiskinGreat Britain Bassel Tarbush, University ofOxford ;Francis Dennig,Yale-NUS College* Choice,theIntergenerationalFertility Transmission ofCapital,andInequality Chiu-Yu Ko, NationalUniversity ofSingapore ;Fwu-ChangYan, HubeiUniversity ofEconomics* ; The Interaction between Technology andHumanCapitalunderOver-Education Investment Session Chair:CharlesHorioka,AsianGrowth Research Institute Inequality I Session 1.13c * Presenter Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :10:10-11:50 Time :10:10-11:50 Time :10:10-11:50 Venue 504,5/F :YIA Venue 503,5/F :YIA Venue 502,5/F :YIA

PM AM PM AM PM AM 27 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 506, 5/F Venue : YIA 507, 5/F Venue Venue : YIA 505, 5/F Venue Time : 10:10-11:50 Time : 10:10-11:50 Time : 10:10-11:50 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June * Presenter Mengmeng Ao, Xiamen University* ; Yingying Li, The Hong Kong University of Science and Technology ; Technology of Science and University The Hong Kong ; Yingying Li, Xiamen University* Mengmeng Ao, Technology of Science and University The Hong Kong Xinghua Zheng, Matrices Sample Correlation the Regularisation of Large to Approach Testing A Multiple of York Smith, University L. Vanessa The Contagion Versus Interdependence Controversy between Hedge Funds and Equity and Equity between Hedge Funds Controversy Interdependence The Contagion Versus Markets ; Hee Soo Lee, Sejong University University* Kim, Keimyung Yoon Tae When Sparse Regression Solving the High-Dimensional Markowitz Optimization Problem: Theory Meets Random Matrix 1.18c Session I Financial Econometrics of York University Smith, Session Chair : L. Vanessa Gender Consistent Resolving Rules in Marriage Problems Gender Consistent Resolving Rules ; Saarland University Kasper, ; Laura Saarland University* Dinko Dimitrov, Saarland University Yang, Yongjie Bargaining One-To-Many Decentralized of Hong Kong The Chinese University Li, ; Duozhe of Singapore* National University Ko, Chiu Yu Takeshi Nishimura, Komazawa University, Akira Okada ; Akira University, Komazawa Nishimura, Takeshi of Commerce* Otaru University Shirata, Yasuhiro Acceptance Deferred Resource-Consuming ; of Finance and Economics University ; Ning Sun, Shanghai of Singapore* Gaoji Hu, National University Emory University ; Ning Yu, of Finance and Economics Shanghai University Jingsheng Yu, 1.17c Session and Bargaining Matching of Singapore National University Ko, Session Chair : Chiu Yu Games Ultimatum Three-Person in and Coalition Formation of Fairness Evolution Two-Sided Altruism and the Level of Development Altruism and the Level Two-Sided Chulalongkorn University Koda, ; Yoshitaka Chulalongkorn University* Uruyos, Manachaya Taiwan Marriages in Border The Case of Cross Rising Price for Husband? of Chicago ; The University Pantano, ; Juan University Lin, Peking Wanchuan of Hong Kong* University The Chinese Yin-Chi Wang, Growth in a Patrilocal Economy: Female Schooling, Household Savings, and the Household Savings, Schooling, Female Economy: a Patrilocal in Growth One-Child Policy Chengchi University* Lai, National Ting-Wei ; University Chen, National Chung Cheng Wei-Cheng Issues on Asian Economic Development on Asian Economic Issues Louis in St. University Washington Ping Wang, and Chair : Session Organizer Photovoltaic The Case of Retaliation? Trade in Facing Industry Infant Evolve How Would Industry in China ; Lo, National Chengchi University ; Kuang-Ta Lee, National Chengchi University Wen-Chieh National Chengchi University* ; Shinn-Shyr Wang, Hui Meng, Nankai University 1.16i Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 28 Session 1.19c Mengling Li,XiamenUniversity Organ DonationDecisionsunderDifferent AllocationRules Toshiji Kawagoe,Future University Hakodate andExperiment Theory The Skipping-DownStrategy and StabilityinSchoolChoiceProblems with Affirmative Action: Wataru Ishida the Top Trading Cycles MechanismforWeak Priorities How to FindaStableandEfficient Matching: Yun Liu,ShandongUniversity On theWelfare Effects ofAffirmative ActionsinSchoolChoice Session Chair:MenglingLi,XiamenUniversity Matching andMarket Design Session 1.21c Hirokazu Ishise,OsakaUniversity Neoclassical Trade Implicationsof Trend Inflation Inflation asaLong-RunSource ofComparative Advantage and Welfare Improvement: Kiyotaka Sato, Yokohama NationalUniversity, Edith CowanUniversity* Huong Le Thu Hoang,Foreign Trade University ; Exchange RatePass-Through inProduction Chains:Application ofInput-OutputAnalysis Kozo Ueda,Waseda University Product Turnover andDeflation: Evidence from Japan Donggyu Sul,University of Texas atDallas Chi-Young Choi,University of Texas Arlington* ;JianningKong, ShandongUniversity ; Does ItMatterWhichOneto Target? Rethinking theChoiceBetweenCore andHeadlineInflation: Session Chair:Hirokazu Ishise,OsakaUniversity Inflation andExchange Rate Session 1.20c Sau-Him Lau, The University ofHongKong Economic-Demographic DependencyRatio Khalid MamanWaziri, Aix-MarseilleUniversity Generalized GlassCeilingsintheUnitedStates–AStochastic Metafrontier Approach Juergen Meinecke, Australian NationalUniversity Monotone Comparative Identification:Revisiting OptimalSchoolingChoice Statics and Partial Pei-Ju Liao,InstituteofEconomics, AcademiaSinica Wei-Cheng Chen,NationalChungChengUniversity ;Yi-ChengKao,ChungYuan ChristianUniversity* ; Rational PhDGlut Session Chair:Sau-HimLau, The University ofHongKong Educational Demography * Presenter Date: 3June2017 Date: 3June2017 Date: 3June2017

Time :10:10-11:50 Time :10:10-11:50 Time :10:10-11:50

Venue 508,5/F :YIA Venue 510,5/F :YIA Venue 509,5/F :YIA

PM AM PM AM PM AM 29 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT2, G/F : YIA LT2, Venue G/F : YIA LT3, Venue Venue : YIA 511, 5/F Venue Time : 10:10-11:50 Time : 10:10-11:50 Time : 10:10-11:50 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Liugang Sheng, The Chinese University of Hong Kong* ; Yi Huang, HEDI-Geneva ; ; Yi Huang, HEDI-Geneva of Hong Kong* The Chinese University Liugang Sheng, Geneva IHEID, Gewei Wang, Edwin Lai, The Hong Kong University of Science and Technology* ; Han Qi, Hong Kong Baptist University ; Baptist University ; Han Qi, Hong Kong Technology* of Science and University The Hong Kong Lai, Edwin University Johns Hopkins Tang, Heiwai of Cities Advantage Housing Prices and the Comparative of Hong Kong Jinyue Li, City University Chinese ExportThreaten Competitiveness? Did the Rising Labor Cost Session Organizer and Chair : Liugang Sheng, The Chinese University of Hong Kong The Chinese University and Chair : Liugang Sheng, Session Organizer Choice Discrete Combinatorial University Costas Arkolakis, Yale Exports in Gross and Domestic Value-added Fragmentation Ting Chen, The Hong Kong University of Science and Technology ; Technology of Science and University Hong Kong The Ting Chen, ; Chicheng Ma, Shandong University Technology* of Science and University The Hong Kong James Kung, 1.24i Session in Global Economy Advantages Comparative Vasiliki Fouka, Stanford University Stanford Fouka, Vasiliki China in Historical of Development The Path The Rise of Confucianism: of Hong Kong* The Chinese University Ying Bai, Shandong University ; Chicheng Ma, Technology of Science and University The Hong Kong James Kung, Examination System Imperial of China’s Effects The Persistent Keju! Long Live Session Organizer and Chair : James Kung, The Hong Kong University of Science and Technology of Science and University The Hong Kong and Chair : James Kung, Session Organizer Long-Run Impact of Early Agriculture The Since the Neolithic? Reversal A Western Abu Dhabi University, New York Paik, Christopher Ethics Labor and the Origins of Work Returns to Agricultural Financial Development, Economic Growth, and Convergence Clubs and Convergence Growth, Economic Financial Development, Northwest Fufa, Missouri State University Tolina ; Jaebeom Kim, Oklahoma State University* 1.23i Session Perspectives Historical Growth: and Long-Run Persistence Transition from a Linear Economy Toward a Circular Economy in the Ramsey Model in the Ramsey Economy a Circular Toward a Linear Economy from Transition Osaka University Futagami, ; Koichi Osaka University* Akimoto, Kiyoka Development: and Economic Volatility Macroeconomic Medium-Term A Technique New Australia of Western University Tang, Sam Session 1.22c Session and Growth Volatility Kim, Oklahoma State University Session Chair : Jaebeom

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 30 Eric Gautier, Toulouse SchoolofEconomics* ;ChristiernRose, Toulouse SchoolofEconomics Inference onSocialEffects Whenthe NetworkIsSparseandUnknown Anders Kock, AarhusUniversity* ;David Preinerstorfer, AarhusUniversity, CREATES Power inHigh-Dimensional Testing Problems Ye Luo, Spindler, University ofFlorida*;Martin University ofHamburg L2 Boosting:RateofConvergence Session Organizer andChair:ZhentaoShi, The ChineseUniversity ofHongKong Econometric Methods for High-Dimensional Models Session 1.27i Ridder,Geert University ofSouthernCalifornia;Shuyang Sheng,University ofCalifornia,LosAngeles* Estimation ofLarge NetworkFormation Games Konrad Menzel, NewYork University Strategic NetworkFormation withMany Agents Kyungchul (Kevin) Song,University ofBritishColumbia* University ofBritishColumbia; Nathan Canen,University ofBritishColumbia;JacobSchwartz, Estimating LocalInteractions Among ManyAgentsWhoObserve Their Neighbors Michael Leung,University ofSouthernCalifornia A Weak Networks LawforMomentsofPairwise-Stable Session Organizer andChair:Shuyang Sheng,University ofCalifornia,LosAngeles Econometrics ofSocialInteractions andNetworks Session 1.26i Kei-Mu Yi,University ofHouston* ;Eunhee Lee,University ofMaryland Global Value ChainsandInequalitywithEndogenousLaborSupply Zi Wang, ShanghaiUniversity ofFinanceandEconomics Gravity Headquarters John Romalis, The University ofSydney* ;Alan Taylor, University ofVirginia Lorenzo Caliendo,Yale Feenstra, University ;Robert University ofCalifornia,Davis ; Tariff Reductions,Entry, andWelfare: andEvidenceTheory fortheLast Two Decades Anthony Venables, University ofOxford Antoine University Gervais, ofNotre Dame;JamesMarkusen,University ofColorado, Boulder*; Inter-City Specializationand Trade inFunctions Versus Sectors Session Organizer andChair:Davin Chor, NationalUniversity ofSingapore International Trade: Quantitative Models Session 1.25i * Presenter Sanjog Misra, The University ofChicago Christian Hansen, The University of Chicago;DamianKozbur, University ofZurich* ; Estimation andInference forDenseFunctionals of SparseHigh-DimensionalParameters Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :10:10-11:50 Time :10:10-11:50 Time :10:10-11:50 Venue LT9, :YIA 2/F Venue LT8, :YIA 2/F Venue LT6, :YIA 2/F

PM AM PM AM PM AM 31 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 402, 4/F Venue : YIA 403, 4/F Venue Venue : YIA 401, 4/F Venue

Time : 15:00-16:40 Time : 15:00-16:40 Time : 15:00-16:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Ambiguous Persuasion Ambiguous Jian Li, McGill University Seung Han Yoo, Korea University University Korea Seung Han Yoo, Induction Boundedly Rational Backward of Michigan University Shaowei Ke, in Outside Option Investment ; Technology of Science and University The Hong Kong Fong, Yuk-fai Technology* of Science and University The Hong Kong Hu, Xiaoxiao Session 2.3c Session Game and Applications Theory Session Chair : Jian Li, McGill University Optimal Design for a Partially Informed Auctioneer Akihisa Shibata, Kyoto University ; Mototsugu Shintani, The University of Tokyo ; ; Tokyo of The University Shintani, ; Mototsugu University Akihisa Shibata, Kyoto Unviersity* Kyoto Tsuruga, Takayuki Theory Capital Flows of International Allocation Puzzle and a New University Keio Sakuragawa, Masaya Are Asset Price Movements Driven by International Capital Flows? by Driven Price Movements Asset Are ; of Hong Kong* Ng, City University ; Joe of Hong Kong Charles K. Leung, City University Monetary Authority Yiu, Hong Kong Matthew Siu Fung Account Dynamics under Information Rigidity and Imperfect Capital Mobility Current Globalization and Capital Flows and Globalization University Keio Sakuragawa, Session Chair : Masaya Countries and Creditor Asset Home Bias in Debtor of Glasgow Ning Zhang, University Early Cannabis Use and the School to Work Transition of Young Men of Young Transition Work to Early Cannabis Use and the School of Economics School Ours, Erasmus of Melbourne* ; Jan Van Jenny Williams, University 2.2c Session Markets The Case of Emerging The Cognitive Cost of Daycare 0-2 for Advantaged Families Advantaged 0-2 for of Daycare Cost The Cognitive Institute ; University Fort, Ichino, European Margherita of Bologna ; Andrea University of Bologna* Giulio Zanella, University The Philippines from Better off: Evidence of the Migrants Children Are ; of the Philippines University Latinazo, T. Gabrielle of the Philippines* ; Cara University Marjorie Pajaron, of the Philippines University Trinidad, Enrico G. 2.1c Session I Economics Family Melbourne of Williams, University Session Chair : Jenny

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 32 Optimal Transport NetworksinSpatial Equilibrium Dan Lu, The University ofRochester Agglomeration Concentration ExternalitiesandIndustry Dynamics David Jinkins,CopenhagenBusinessSchool Wage Inequalityandthe LocationofCities Session Organizer andChair:Wen-Tai Hsu,Singapore ManagementUniversity Quantitative Urban/Regional Economics Session 2.5i Junjian Yi,NationalUniversity ofSingapore* V Bhaskar, University of Texas Austin ;Wenchao Li,NationalUniversity ofSingapore ; Sex-Ratio ImbalanceandPremarital Investments: Commitment The ImplicationsofImperfect Universitat Erasmus delesIllesBalears;MatthijsOosterveen, Pau University Rotterdam* Balart, Wait andSee:GenderGapsthroughout Cognitive Tests Yue Huang,Otto von Guericke University Magdeburg inChina Family PlanningPolicies andtheSexRatioatBirth Shuqiao Sun,University ofMichigan Evidence from theOne-ChildPolicy andEducation inChina Family andGenderEquality: Planning,Fertility Session Chair:JunjianYi,NationalUniversity ofSingapore Sex Ratio, Family andGenderGaps Session 2.4c * Presenter Yue Yuan, The University of Chicago andEvidenceTheory from aLarge-Scale SkillRelocationProgram The MechanicsofLocalGrowth: Alexandre Dmitriev, The University ofAuckland Technological Transfers, LimitedCommitmentandGrowth Abdulaziz Shifa,Syracuse University Economic Growth and Trade inHumanCapital Session Chair:Yue Yuan, The University ofChicago Human CapitalandTechnology Diffusion Session 2.6c Wen-Tai Hsu,Singapore ManagementUniversity* ;Yang Tang, Nanyang Technological University The Political Economy ofLandSupply: The CaseofChina Pablo Fajgelbaum, University ofCalifornia,LosAngeles Edouard Schaal,Centre deRecerca enEconomia Internacional*; Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :15:00-16:40 Time :15:00-16:40 Time :15:00-16:40 Venue 404,4/F :YIA Venue 406,4/F :YIA Venue 405,4/F :YIA

PM AM PM AM PM AM 33 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 408, 4/F Venue : YIA 409, 4/F Venue Venue : YIA 407, 4/F Venue Time : 15:00-16:40 Time : 15:00-16:40 Time : 15:00-16:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June * Presenter Gender Norms and Housework Time Allocation among Dual-Earner Couples Gender Norms and Housework Studies ; Foreign of Jisoo Hwang, Hankuk University ; Esther Lee, Seoul National University* Chulhee Lee, Seoul National University Does Household Structure Affect the Decision to be Self-Employed? be Self-Employed? the Decision to Affect Does Household Structure in St. Louis University Yinghong Zhang, Washington Empowerment in Pakistan: The Determinants of Women’s and Employment The Role of Household Formation ; ; ArthurLee University and Khan, Bond University* Safdar Goldsmith, Washington ; Ahmed Khalid, UBD School of Business and Economics Rajaguru, Bond University Gulasekaran Session Chair : Safdar Khan, Bond University Session Chair : Safdar Gap Allocation and the Gender Wage Intra-Household Traits, Personality ; of Pennsylvania University Todd, Petra ; University Flinn, New York Christopher of Pennsylvania* Zhang, University Weilong Jiao Wang, The Australian National University, The University of Melbourne* ; The University National University, The Australian Jiao Wang, University Ran Li, Peking 2.9c Session Allocation and Housework Household Structure Term Structure, Forecast Revision and the Information Channel of Monetary and the Information Revision Policy Forecast Structure, Term Fabra Pompeu Donghai Zhang, Universitat Rules, and Monetary Policy Household Debt, Macroprudential of Windsor* Zhang, University of Windsor ; Yahong University Turdaliev, Nurlan with a Hybrid Monetary Rule of the Chinese Economy Policy Investigation A Structural Business Cycle and Monetary Policy Cycle Business Melbourne of The University National University, The Australian Session Chair : Jiao Wang, in DSGE Models Data Detrending What Cycles? Tech Virginia Tsang, Ping ; Kwok at El Paso* Texas of Xiaojin Sun, University Feng Yao, West Virginia University* ; Qinling Lu, West Virginia University ; University Virginia West ; Qinling Lu, University* Virginia West Yao, Feng Hong Kong of The Chinese University Junsen Zhang, 2.8c Session Should We Use IV to Estimate Dynamic Linear Probability Models with Fixed Effects? Models with Fixed Estimate Dynamic Linear Probability Use IV to Should We Pua, Xiamen University Adrian Andrew Lending Channel in the Bank of Spillovers Assessment A Nonparametric Arturo del Pacifico Universidad de Mexico* ; Nelson Ramirez-Rondan, Lamadrid, Banco Smoothing Varying Panel Data Model with Different Coefficient Estimation in Efficient Effects and Fixed Variables Session Chair : Feng Yao, West Virginia University Virginia West Yao, : Feng Session Chair Avoidance Dynamic Regret ; Trento of University California* ; Alexander Vostroknutov, of Southern University Michele Fioretti, of Southern California Coricelli, University Giorgio 2.7c Session Econometrics Applied

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 34 Ming Zeng, Singapore Management University Exchange Rate,Variability ofPricingKernels andInternationalReturnPredictability Chenyue Hu,University ofCalifornia,SantaCruz Sectoral Productivity Matters:ANewAngle onEquity HomeBias Jyh-Lin Wu, NationalSunYat-sen University* Paul Bergin, University ofCalifornia,Davis ;Reuven Glick,Federal BankofSanFrancisco Reserve ; Conditional PPPandRealExchange RateConvergence intheEuro Area Session Chair:GoncaloPina,SantaClara University Open Macro Session 2.11c University Phelan,WilliamsCollege* ;Gregory Isaac Loh,Northwestern Asymptotic BeliefDivergence inResponseto CommonInformation Dimensionality andDisagreement: Daiki Kishishita, The University of Tokyo Emergence ofPopulism underAmbiguity Tangren Feng, University ofMichigan*;ShaoweiKe, University ofMichigan Social DiscountingandLong-Run Asli Selim,Erasmus University Rotterdam ;Peter P. Wakkera, Erasmus University Rotterdam Zhenxing Huang,ShanghaiUniversity ofFinanceandEconomics* ; Aurélien Baillon,Erasmus University Rotterdam ; Measuring Ambiguity Attitudes forAll(Natural) Events Phelan,WilliamsCollege Session Chair:Gregory Information, RiskandAmbiguity Session 2.10c * Presenter Nianqing Liu,ShanghaiUniversity ofFinanceandEconomics* ;QuangVuong, NewYork University Nonparametric Tests forMonotonicity ofBiddingStrategy inFirst-priceAuctions Bo Chen,Wuhan University* ;DmitriyKnyazev, BonnUniversity Non-Discriminatory Strategyproof OptimalAuctions Akifumi Ishihara, NationalGraduate InstituteforPolicy Studies Managing Authority andIncentives inRelationalContracts Chiu Yu Ko, NationalUniversity ofSingapore Rong Ding,University ofInternational BusinessandEconomics* Licensing withPatent Competition Session Chair:NianqingLiu,ShanghaiUniversity ofFinanceandEconomics Topics inMicroeconomic Theory I Session 2.12c Kris Mitchener, SantaClara University ;GoncaloPina,SantaClara University* Pegxit Pressure Date: 3June2017 Date: 3June2017 Date: 3June2017

Time :15:00-16:40 Time :15:00-16:40 Time :15:00-16:40 Venue 410,4/F :YIA Venue 501,5/F :YIA Venue 411,4/F :YIA

PM AM PM AM PM AM 35 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 503, 5/F Venue : YIA 504, 5/F Venue Venue : YIA 502, 5/F Venue Time : 15:00-16:40 Time : 15:00-16:40 Time : 15:00-16:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June * Presenter Macroeconomic Effects of Government-Driven Mortgage Guarantee Programs Mortgage Programs of Government-Driven Guarantee Effects Macroeconomic of Oslo University Yicheng Wang, Bong Geun Choi, The University of Chicago ; Hyun Lee, University of Connecticut* of Chicago ; Hyun Lee, University The University Bong Geun Choi, and Optimal Chinese Stabilization Policy Reserve Requirements Institute of Finance ; Chun Chang, Shanghai Advanced ; Reserve Bank of San Francisco* Zheng Liu, Federal University Tong ; Jingyi Zhang, Shanghai Jiao Reserve Bank of San Francisco Mark Spiegel, Federal The Real Effects of Household Debt in the ShortThe Real Effects Run and Long Bank for International Settlements ; Lombardi, Marco Bank for International Settlements ; Madhusudan Mohanty, Shim, Bank for International Settlements* Ilhyock Approach Search Inequality?: A Competitive Increase Does Financial Innovation 2.15c Session I Policy and Macro Financial Market of Oslo University Session Chair : Yicheng Wang, Zhengqing Gui, The Hong Kong University of Science and Technology* ; Technology* of Science and University The Hong Kong Zhengqing Gui, Mannheim ; Thadden, Universität von Ernst-Ludwig Technology of Science and University The Hong Kong Xiaojian Zhao, Agents Compensation for Research Stock-Based of Adelaide Shan, University Yaping Session Chair : Yaping Shan, University of Adelaide Shan, University Session Chair : Yaping AssortativeDecentralizing Matching Using Contingent Contracts Columbia of British Lam, University Tung Wing with Limited Liability in Financial Contracting Incentive-Compatibility David Ong, Peking Unversity HSBC Business School* ; Yu (Alan) Yang, University of Wisconsin-Madison ; University (Alan) Yang, HSBC Business School* ; Yu Unversity Ong, Peking David Hong Kong of The Chinese University Junsen Zhang, 2.14c Session and Contracting Matching Rare Events and Risk Perception: Evidence from the Fukushima Accident the Fukushima from Evidence and Risk Perception: Events Rare of Bristol University Zylberberg, of Melbourne* ; Yanos Renaud Coulomb, University League (IPL) Indian Premier from Evidence Players? Do Supporters Native Prefer ; Masaru Sasaki, Osaka University Osaka University* Sur, Pramod between Spousal Income and Spousal Height Tradeoff The Marrying up: Applied Microeconomics I - Preference and Risk Perception and Risk I - Preference Microeconomics Applied HSBC Business School University Ong, Peking Session Chair : David in Hurricane Isaac Missing that Went Collaborations The Academic Lost in the Storm: of East Anglia ; Ben McQuillin, University of Kent* Leite Lopez de Leon, University Fernanda 2.13c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 36 Hodaka Morita,University ofNewSouthWales ;Cheng-Tao Tang, InternationalUniversity ofJapan* Asset Specificity, HumanCapitalAcquisition,andLaborMarket Competition Ying Feng, University ofCalifornia,SanDiego*;Lindsay Rickey, University ofCalifornia,SanDiego Development andSelectioninto Entrepreneurship NecessityVersus Opportunity Session Chair:NancyChau,CornellUniversity Firm, Employment, andEntrepreneurship Session 2.17c Vinci Chow, The ChineseUniversity ofHongKong NeuralRegression Network Adjustment withArtificial Tong Zhao, The ChineseUniversity ofHongKong Mandy Hu, The ChineseUniversity ofHongKong* King, ;Irwin The ChineseUniversity ofHongKong ; Recommendation SystemsforSequentialDecisionswith Time Sensitive Choices Eugene-Yuan Kow, National Taiwan University IntelligenceResearch Group,Chien-Hsun Huang,Microsoft Seattle,USA; -Artificial Jau-Er Chen,National Taiwan University* ; Machine LearningonForEx Forecasting Carry Chih-Sheng Hsieh, The ChineseUniversity ofHongKong ;Stanley Iat-MengKo, University ofMacau* Interactions A Nonparametric Bayesian LatentAttribute ModelforSocialNetworkFormation and Session Chair:VinciChow, The ChineseUniversity ofHongKong Chih-sheng Hsieh, The ChineseUniversity ofHongKong Session Organizers :VinciChow, The ChineseUniversity ofHongKong ; Economic Applications ofMachineLearning Session 2.16i * Presenter Masuyuki Nishijima,Yokohama CityUniversity Mixed Differentiated DuopolyofVertically withtheMaximin PublicFirm Services Jannis Engel,KarlsruheInstitute of Technology* ;Nora Szech, KarlsruheInstitute of Technology A LittleGoodIsEnough:EthicalConsumption, Cheap Excuses, andMoral Self-Licensing Dong ChulWon, AjouUniversity A ComputationalViewpoint A NewCharacterization ofEquilibrium inaMulti-Period FinanceEconomy: Session Chair:MasuyukiNishijima,Yokohama CityUniversity Theory ofMarket Session 2.18c Nancy Chau,CornellUniversity Wage Polarization andContract Employment Walter Hyll,HalleInstituteforEconomic Research (IWH) Aida Cumurovic, HalleInstituteforEconomic Research (IWH)*; Financial Literacy andSelf-Employment Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :15:00-16:40 Time :15:00-16:40 Time :15:00-16:40 Venue 505,5/F :YIA Venue 507,5/F :YIA Venue 506,5/F :YIA

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Time : 15:00-16:40 Time : 15:00-16:40 : 15:00-16:40 Time Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 3 June 2017 Date: * Presenter Joseph Mai, Tongji Unversity* ; Andrey Stoyanov, York University York Stoyanov, ; Andrey Unversity* Tongji Joseph Mai, Arrangements Trade Free Climate Coalitions and Preferential Self-Enforcing Chemnitz ; Technology of University of Chemnitz* ; Radomir Pestow, University Thomas Kuhn, Chemnitz Technology of University Anja Zenker, The Dynamic Impact of International Trade Liberalization: Liberalization: Trade The Dynamic Impact of International Policy Institute for International Economic Jung, Korea Jae Wook Areas Trade in Free Cooperation Tariff Can Cleaner Environment Promote International Trade?: Trade?: International Promote Can Cleaner Environment as Exports Policies Mechanisms Environmental Promoting and Business ; of Economics University Athens Ioanna Pantelaiou, and Business* ; of Economics University Athens Hatzipanayotou, Panos and Business ; of Economics University Athens Konstantinou, Panagiotis and Business of Economics University Athens Anastasios Xepapadeas, Timing of ExportersEntry and Financial Development Session 2.21c Session Policy Trade of Chemnitz University Thomas Kuhn, Session Chair : Curbing Obfuscation: Empower Consumers or Regulate Firms? Curbing Obfuscation: Empower Consumers of Bath University Wenzel, Tobias ; of Liverpool* Yiquan Gu, University Sunk Cost as a Self-Management Device ; University Huang, Wuhan ; Wei University Technological Hong, Nanyang Fuhai Technology* of Science and University The Hong Kong Xiaojian Zhao, Session Chair : Xiaojian Zhao, The Hong Kong University of Science and Technology Technology of Science and University The Hong Kong Session Chair : Xiaojian Zhao, Agents Budget-Constrained to Contracts Screening General University Fukuoka Naoki Kojima, Decision Dynamic Inconsistency in Collective School of Economics Toulouse Shuguang Zhu, A Simple Portmanteau Test for Time Series Models with Weak Innovations Time Series Models with Weak for Test A Simple Portmanteau Xiamen University Wang, Xuexin 2.20c Session II Theory in Microeconomic Topics Benedikt Pötscher, University of Vienna ; David Preinerstorfer, University of Aarhus* University Preinerstorfer, of Vienna ; David University Benedikt Pötscher, Estimation Locally Robust Semiparametric ; Technology of Massachusetts Institute Chernozhukov, Victor ; Tokyo* of The University ; Hidehiko Ichimura, Indiana University Juan Carlos Escanciano, Technology Institute of Massachusetts Newey, Whitney Minimum Contrast Empirical Likelihood Manipulation Testing for Regression Discontinuity for Regression Testing Manipulation Likelihood Empirical Contrast Minimum Design ; University of China ; Hugo Jales, Syracuse Jun Ma, Renmin University Tsukuba* of University Yu, Zhengfei Tests Robust of Autocorrelation the Size Controlling 2.19c Session I Econometrics in Topics Xiamen University Wang, : Xuexin Session Chair

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 38 Theory andEmpirics Asymmetric Information andSelectioninMarkets: Session 2.24i Yu Liu,Fudan University* ;Xiaoxue Zhao,Yale University State CapacityandEconomic Development underCapitalMobility:Evidence from China University ;JayaNathan Nunn,Harvard Wen, University ;NancyQian,Northwestern Yale University* Trust, Growth andPolitical Turnover Yang Xie,University ofCalifornia,Riverside ;BingZhang,NanjingUniversity Guojun He, The HongKong University ofScienceand Technology* ; Expressways, GDP, andEmissionsinChina On the Trade-off betweentheEnvironment andDevelopment: Session Chair:Yu Liu,Fudan University University Session Organizer :NancyQian,Northwestern The Political Economy inDeveloping Countries Session 2.23i Andrea Ajello,Federal Board Reserve Term Premium, Credit RiskPremium, Policy andMonetary Kazuki Hiraga, Tokai University What PricesShouldBe Targeted by aCentral Bank?ACaseinVat Increase Haozhou Tang, Universitat Pompeu Fabra A ofEconomic ExpansionswithanApplicationTheory to Spain Asset PriceBubblesandtheDistributionofFirms: Session Chair:Andrea Ajello,Federal Board Reserve Asset Price andMonetaryPolicy Session 2.22c * Presenter Neale Mahoney, The University ofChicago Evidence from Medicare Advantage Does Privatized HealthInsurance Benefit Patients orProducers? Ian Jewitt,NuffieldCollege Adverse Selection,Efficiency andtheStructure ofInformation Jie Bai,Harvard University, Microsoft Research Melons asLemons:AsymmetricInformation,ConsumerLearningandSellerReputation Hanming Fang, University ofPennsylvania ;Zenan Wu, Peking University* Multidimensional Private Information,Market Structure andInsurance Markets Session Organizer andChair:HanmingFang, University ofPennsylvania Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :15:00-16:40 Time :15:00-16:40 Time :15:00-16:40 Venue 511,5/F :YIA Venue LT3, :YIA G/F Venue LT2, :YIA G/F

PM AM PM AM PM AM 39 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT8, 2/F : YIA LT8, Venue Venue : YIA LT6, 2/F : YIA LT6, Venue Venue : YIA LT9, 2/F : YIA LT9, Venue Time : 15:00-16:40 Time : 15:00-16:40 Time : 15:00-16:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Asset Equilibria with Indivisible Goods Asset Equilibria ; of New South Wales ; Benoit Julien, University University Peking Han Han, School of Economics of Hawaii Manoa* University of Bath ; Liang Wang, University Petursdottir, Asgerdur and Implementation Instruments of Monetary Policy Financial Frictions of Finance and Economics* of China ; Chao He, Shanghai University Tiantian Dai, Renmin University A Framework for Analyzing Monetary Policy in an Economy with E-money Monetary in an Economy Policy for Analyzing A Framework Zhu, Bank of Canada* Bank of Canada ; Yu Scott Hendry, Wei Shi, Jinan University Wei Models with Endogenous Spatial Weights of Spatial Autoregressive Tests GEL Estimation and Social Interactions Model with Altruistic Preference Social Interactions State University Lin, Wayne ; Xu of Hong Kong* The Chinese University Chih-Sheng Hsieh, Variables Endogenous Bilateral Constructed by Weights Estimating a SAR Model with Spatial The Ohio State University Lee, ; Lung-fei University* Tong Xi Qu, Shanghai Jiao Matrices and Common Factors Endogenous Interaction with A Dynamic Spatial Panel 2.26i Session Interactions for Weights and Spatial Endogenous Networks Models Econometric Ohio State University The Lee, and Chair : Lung-Fei Session Organizer Xiaodong Fan, University of New South Wales* ; Hanming Fang, University of Pennsylvania ; of Pennsylvania University ; Hanming Fang, New South Wales* of University Xiaodong Fan, Norway Research, for Economic Centre Simen Markussen, Ragnar Frisch Gap Skills, and Gender Wage Returns to Occupational Skill Requirements, Tech Zhou, Virginia ; Yu Tech* Suqin Ge, Virginia The Impact of Retirement on Cognitive Functioning: Evidence from Urban China from Evidence Functioning: on Cognitive The Impact of Retirement of Finance and Economics University ; Hong Liu, Central University* Lei, Peking Xiaoyan Earnings Distributions The Gender Gap between of Oklahoma* University EmoryEsfandiar Maasoumi, ; Le Wang, University Gender Gap Educational Absence and Children’s Employment, Parental Session 2.25i Session Economics in Labor Issues Gender-Related Tech Chair : Suqin Ge, Virginia and Session Organizer Monetary Theory Reserve Bank of Richmond Federal and Chair : Russell Wong, Session Organizer Fei Jin, Shanghai University of Finance and Economics* ; Lung-fei Lee, The Ohio State University Lee, ; Lung-fei of Finance and Economics* Jin, Shanghai University Fei 2.27i Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 40 A ShadowRateNewKeynesian Model Chengcheng Jia,ColumbiaUniversity Information Effect asaFactor Policy Decisions inMonetary Seongeun Kim,Brandeis University Policy Inequality andMonetary Qingqing Cao,MichiganStateUniversity andGovernment LiquidityFacilitiesAdverse Selection,LiquidityShortage, Session Chair:JiZhang, Tsinghua University Liquidity andMonetaryPolicy Session 3.2c Bei Li, The University ofWestern Australia* ;JieZhang,NationalUniversity ofSingapore with Leisure, Fertility, andHumanCapitalExternalities Government DebtandEducation SubsidiesunderLabor-Income Taxes inaDynasticModel Dragon Tang, The University ofHongKong* Haoyu Gao,Central University ofFinanceandEconomics ;HongRu,Nanyang Technological University ; Subnational DebtofChina: The Politics-Finance Nexus Hua Cheng,University of Texas atAustin ;Kishore Gawande,University of Texas atAustin* State CapacityandChina’s Economic Development Session Chair:BeiLi, The University ofWestern Australia State CapacityandGovernment Debt Session 3.1c * Presenter Rabah Amir, The University ofIowa On The Microeconomic Foundations ofLinearDemand forDifferentiated Product Jianxia Yang, EastChinaUniversity ofScienceand Technology Teng Wang, University ofCalifornia,SantaBarbara ; Cheng-Zhong Qin,University ofCalifornia,SantaBarbara* ; On theCompetitiveness ofCross-Holdings inRepeatedCournotOligopolies Xiaoguang Yang, ChineseAcademy ofSciences Zhigang Cao,AcademyofMathematicsandSystemsScience* ; Cooperative Functions Myrna Wooders, Vanderbilt University* Yusuke Kamishiro, Serrano, Kanto GakuinUniversity ;Roberto Brown University ; Information andSmallGroup Effectiveness inLarge QuasilinearEconomies Session Organizer andChair:RabahAmir, The University ofIowa Topics Theory inGame andMarkets Session 3.3i Jing CynthiaWu, The University ofChicago;JiZhang, Tsinghua University* Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :17:00-18:40 Time :17:00-18:40 Time :17:00-18:40 Venue 401,4/F :YIA Venue 403,4/F :YIA Venue 402,4/F :YIA

PM AM PM AM PM AM 41 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 405, 4/F Venue : YIA 406, 4/F Venue Venue : YIA 404, 4/F Venue Time : 17:00-18:40 Time : 17:00-18:40 Time : 17:00-18:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Extreme Governance and Tax Aggressiveness Tax and Governance Extreme ; University* Tong ; Jing Xing, Shanghai Jiao University Iftekhar Hasan, Fordham of Melbourne Hui Zhou, University Taxes, Corporate Takeovers, and Step Transactions and Step Takeovers, Corporate Taxes, Kazuki Onji, Osaka University of Firms’ Financial under the Presence The Relationship between Competition and Innovation Constraints School of Economics Toulouse Bruegel and Petropoulos, Georgios Corporate Governance Corporate University Tong Session Chair : Jing Xing, Shanghai Jiao Boards Dissent in Corporate and Director Diversity Board University* Seil Kim, Baruch College ; Seungjoon Oh, Peking Testing Stochastic Dominance with Many Conditioning Variables Dominance Stochastic Testing ; Seo, Seoul National University* ; Myung Hwan Cambridge University Linton, Oliver Whang, Seoul National University Yoon-Jae 3.6c Session Heterogeneous Treatment Effects in Regional Policy Evaluation in Regional Policy Effects Treatment Heterogeneous of Singapore Oka, National University Tatsushi Dependence under Strong Quantilograms of Cambridge ; University Linton, of Illinois* ; Oliver Ji Hyung Lee, University Whang, Seoul National University Yoon-Jae Session Organizer : Yoon-Jae Whang, Seoul National University University Whang, Seoul National : Yoon-Jae Session Organizer National University Session Chair : Myung Hwan Seo, Seoul Models Testing for Errors-In-Variables Specification London School of Economics Taylor, ; Luke The London School of Economics* Otsu, Taisuke Technology Network Innovation and Distribution Network Innovation Technology of Melbourne Jingong Huang, University 3.5i Session Inference and Semiparametric Nonparametric Spillovers, Adoption and Technology Composition Technology and Adoption Spillovers, Toronto of University Stephen Ayerst, and Diffusion with Limited Appropriation Knowledge Creation Los Angeles* ; of California, University Shi, Liyan of California, Los Angeles University Hugo A. Hopenhayn, Session 3.4c Session and Growth Diffusion Technology Melbourne of Huang, University Session Chair : Jingong

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 42 * Presenter Vilas Gobin,Monash University ;Paulo Santos, Monash University* Not Compromising: UsingExperiments to Measure Women’s Power Tomomi Tanaka, National Graduate InstituteforPolicy Studies Nahoko Mitsuyama, The University of Tokyo ;Yasuyuki Sawada,AsianDevelopment Bank; Hisaki Kono, Kyoto University* ;MinhajMahmud,BangladeshInstituteofDevelopment Studies; Empowering Women by BeautyandHealthKnowledge:Evidence from Bangladesh Wen Zhou, The University ofHongKong Danli Wang, ShanghaiUniversity ofInternationalBusinessand Economics* ; From Ultimogeniture to Primogeniture: Women’s orVirginity Fertility Chao Liang,ShandongUniversity Bride PriceInflationunderSexRatioImbalance: and Theory Evidence from Charls Session Chair:Paulo Santos, MonashUniversity Women’s Power Session 3.9c Rongzhu Ke, LingnanUniversity A General SolutionMethodforMoral Hazard Problems Xinyi Xu, The ChineseUniversity ofHongKong* ;RongzhuKe, LingnanUniversity Existence ofOptimalDeterministicContracts inMoral Hazard Problems Pierre Fleckinger, MINESParisTech, Paris SchoolofEconomy* ;ReneKirkegaard, University ofGuelph Endogenous Correlation andMoral Hazard Sougata Poddar, University ofRedsland Oindrila Dey, University, FLAME Pune,India*;SwapnenduBanerjee,Jadavpur University ; Endogenous Favouritism, StatusIncentives andOptimalEfficiency Session Chair:RongzhuKe, LingnanUniversity Optimal Contracts Session 3.8c Siyang Xiong,University ofBristol Designing (BREXIT) Referendum: An Economist’s Pessimistic Perspective Anton Kolotilin, University ofNewSouthWales* Gabriele Gratton, University ofNewSouthWales ;Richard Holden,University ofNewSouthWales ; When to Drop aBombshell Huiyi Guo, The University ofIowa Mechanism DesignwithAmbiguous Transfers Szydlowski, University ofMinnesota* Briana Chang,University ofWisconsin–Madison;Martin The Market forConflictedAdvice Session Chair:Siyang Xiong,University ofBristol Model Uncertainty andInformation Design Session 3.7c Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :17:00-18:40 Time :17:00-18:40 Time :17:00-18:40 Venue 409,4/F :YIA Venue 408,4/F :YIA Venue 407,4/F :YIA

PM AM PM AM PM AM 43 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 411, 4/F Venue : YIA 501, 5/F Venue Venue : YIA 410, 4/F Venue

Time : 17:00-18:40 Time : 17:00-18:40 Time : 17:00-18:40

Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 * Presenter Impacts of Technological Gap in Heterogeneous Oligopoly Gap in Heterogeneous Technological Impacts of University* Technological Huang, Nanyang of Macau ; Weihong Zhang, University Y. and Innovation Talent, Managerial Competition, Market Product of British Columbia ; John Ries, University University* Jean-Etienne de Bettignies, Queen’s Sumi Cho, Chonnam National University ; Sang-Ho Lee, Chonnam National University* ; Sang-Ho Lee, Chonnam National University* Sumi Cho, Chonnam National University Endogenous Transparency: Impact on Firm Disclosure and Cultural of Behavioral Analysis Economic An of China Kaihua Deng, Renmin University 3.12c Session Structure Firms and Market University Session Chair : Jean-Etienne de Bettignies, Queen’s Competition with Social Enterprises under Subsidization Leadership Endogenous Private Macroeconomic Disagreement, Economy and Financial Market Economy Disagreement, Macroeconomic of Macau Chow So, University of Macau* ; Jacky Yu Liao, University Yun and Monetary Cycles Global Banks, International Business Policy Baptist University Hong Kong Luk, Paul The Impact of Credit and Fiscal Policy under a Liquidity Trap under a Liquidity and Fiscal Policy The Impact of Credit of Manitoba University Carlos Yepez, and Uncertainty Analysis Business Cycle Comparative : A Volatility, Market Stock Pusan National University ; Seong-Min Yoon, Pusan National University* Togba, Boboy Yves Albert Zevelev, Baruch CUNY Albert Zevelev, 3.11c Session II Policy and Macro Financial Market The Role of Contingent Capital Structure in Signaling and Information Disclosure Capital Structure The Role of Contingent School of Economics Toulouse Suxiu Yu, Networks in Financial Systemic Bank Panics University Tsinghua Zhen Zhou, Texas Experiment in a Natural from Asset Prices? Evidence Affect Value Does Collateral 3.10c Session Crisis Banking and Financial Capital Structure, Baruch CUNY Session Chair : Albert Zevelev, Session Chair : Paul Luk, Hong Kong Baptist University Baptist University Hong Kong Luk, Session Chair : Paul

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 44 * Presenter Daisy Dai,LehighUniversity Matching withConflicts: An Industry Application to theAdvertising Zhuang Liu,University of Western Ontario Estimating The Effects ofFile-SharingonMovie Box-Office Mariko Watanabe, GakushuinUniversity Identifying Competitive Neutrality ofSOEsinChina Julienne Liang,Orange The RoleofConnectionSpeedandSwitchingCosts Transition from Copperto FiberBroadband: Session Chair:C.MatthewShi, The ChineseUniversity ofHongKong ICT Industries Session 3.15c Gonzalo Castex,Central BankofChile*;Evgenia Dechter, University ofNewSouthWales Technological Change,BusinessCycle andtheWage Structure CollegeParkDiyue Guo,University ofMaryland, Multi-Product FirmsandtheBusinessCycle Lan Lan, Toulouse SchoolofEconomics Mergers andAcquisitions,thePropagations inProduction Networks Daeha Cho,Boston University Investment Shocks,Unemployment Risk,andMacroeconomic Comovement Session Chair:GonzaloCastex,Central BankofChile Comovement andPropagations inBusiness Cycle Session 3.14c Xue Qiao,HongKong BaptistUniversity, Tsinghua University* Qiang Fu, NationalUniversity ofSingapore ;MingLi,Concordia University, CIREQ; On theParadox ofMediocracy Pei ChengYu, University ofNewSouthWales Optimal Retirement Policies with Time-Inconsistent Agents Emil Temnyalov, University of Technology Sydney* ;John Turner, University ofGeorgia Jorge Lemus,University ofIllinoisUrbanaChampaign; Liability Insurance: Equilibrium Contracts underMonopolyandCompetition Ruqu Wang, Queen’s University ;JunZhang,University of Technology Sydney Bin Liu, The ChineseUniversity ofHongKong, Shenzhen* ; Jingfeng Lu, NationalUniversity ofSingapore ; Optimal ContestDesignwithIncompleteInformation: The RoleofNegative Prizes Session Chair:Xue Qiao,HongKong BaptistUniversity, Tsinghua University Optimal Contract Session 3.13c Date: 3June2017 Date: 3June2017 Date: 3June2017

Time :17:00-18:40 Time :17:00-18:40 Time :17:00-18:40 Venue 504,5/F :YIA Venue 503,5/F :YIA Venue 502,5/F :YIA

PM AM PM AM PM AM 45 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 506, 5/F Venue : YIA 507, 5/F Venue Venue : YIA 505, 5/F Venue

Time : 17:00-18:40 Time : 17:00-18:40 Time : 17:00-18:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June * Presenter Session Chair : Kanghyock Koh, Ulsan National Institute of Science and Technology Technology Ulsan National Institute of Science and Koh, Session Chair : Kanghyock Global Spillover Effects of US Uncertainty Effects Global Spillover ; of New South Wales The University ; Arpita Chatterjee, at Austin Texas of University Bhattarai, Saroj National University* Seoul Park, Yong Woong The Role of the Inflation Target Adjustment in Stabilization Policy Adjustment in Stabilization Target The Role of the Inflation of Sydney The University ; Denny Lie, of Sydney* The University Eo, Yunjong Frictions Market Model with Bond and Credit Optimal Monetary in a New Keynesian Policy ; ; Jilei Huang, Shandong University* Xiaoshan Chen, Durham University of Glasgow Campbell Leith, University 3.18c Session Open Economies in Optimal Monetary Policy Seoul National University Park, Yong Session Chair : Woong Theophile Azomahou, Maastricht University, UNU-MERIT ; UNU-MERIT Maastricht University, Theophile Azomahou, of Pretoria University ; Eleni Yitbarek, of Pretoria* University Getachew, Yoseph Transfers? Out Intergenerational Crowd Program Transfer Public Does a Governmental Korea South from Evidence ; Technology* Institute of Science and Ulsan National Koh, Kanghyock Institute Development Korea Hyunjoo Yang, Hsiu-Fen Hsu, National Taipei University Taipei National Hsu, Hsiu-Fen Mobility and Intergenerational Dynastic Human Capital, Inequality ; of Gothenburg* ; Mikael Lindahl, University Uppsala University Adrian Adermon, IFAU, Mårten University Stockholm Palme, Mobility Empowerment and Intergenerational Bias, Women Parental the Love: Share 3.17c Session Mobility and Transfer Intergenerational Taiwan from Evidence in Latent Socioeconomic Status: Persistence Intergenerational Evidence from School Consolidation in China School Consolidation from Evidence Me: Does Gender Matter? Like Adviser An Colgate University Kato, Takao ; Song, Colgate University* Yang Jordan and Fertility: from Education Evidence Female School Supply, Baptist University* of Minnesota ; Hongliang Zhang, Hong Kong Ragui Assaad, University W Stanley Siebert, ; W Stanley Lingnan University ; Xiangdong Wei, of Birmingham University of Birmingham University ; Xiang Zhou, Lingnan University* Wong, Ho Lun of Public Goods: in the Provision of Scale and Heterogeneity Economies Technology of Science and University Kong The Hong Xiang Ma, Education I Education Baptist University Chair : Hongliang Zhang, Hong Kong and Session Organizer and Academic Performance: Communication, Parent-Teacher Student Assessment, China Rural from Experimental Evidence 3.16i Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 46 * Presenter Takero Doi,Keio University A SimulationoftheDynamicEffects ofCorporate Tax ReforminJapan Tax IncidenceinBaseShiftingfrom Corporate Incometo LaborCost: Insook Lee,Peking University Idiosyncratic RiskandAcyclically Increasing PublicDebt Minwook Kang,Nanyang Technological University Present BiasandPareto-improving Tax Policies Session Chair: Takero Doi,Keio University Tax Policies I Session 3.21c Paan Jindapon,University ofAlabama ; ZheYang, University ofAlabama* Risk Attitudes andHeterogeneity inSimultaneousandSequentialContests Koji Abe,Kobe University* ;HajimeKobayashi, KansaiUniversity ;HideoSuehiro, Kobe University Leadership inthePrisoner’s DilemmawithInequity-Averse Preferences Xing Guo,University ofMichigan Attention CostorAdjustment What Generates ofHouseholdsinRebalancingtheirPortfolio: theStrong Inertia Yucheng Liang,Stanford Graduate SchoolofBusiness Information-Dependent ExpectedUtility Session Chair:ZheYang, University ofAlabama Preferences andDecisions Session 3.20c Tomohiro Ara, Fukushima University Tariffs, OligopolyandMarket Vertical Structure Lixin Tang, ShanghaiUniversity ofFinanceandEconomics Entrepreneurial IncomeInequality, Aggregate Saving andtheGainsfrom Trade Sergey Kokovin, NationalResearch University HigherSchoolofEconomics Andrea Ellero, Ca’ Foscari University ofVenice ;StefaniaFunari, Ca’Foscari University ofVenice ; Igor Bykadorov, IMSBRAS,NSU,NSUEM; Pavel Molchanov, NationalResearch University HigherSchoolofEconomics, Aix-MarseilleUniversity* ; Harmful Pro-Competitive Effects of Trade underClassicalMonopolisticCompetition Ching-Mu Chen,AcademiaSinica*;Shin-Kun Peng, AcademiaSinica;Wen-Jen Tsay, AcademiaSinica Estimating DisparityinWelfare Gainsfrom Trade betweenFirmOwnersand Workers Session Chair: Tomohiro Ara, Fukushima University Trade Policy from andGains Trade Session 3.19c Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :17:00-18:40 Time :17:00-18:40 Time :17:00-18:40 Venue 510,5/F :YIA Venue 509,5/F :YIA Venue 508,5/F :YIA

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Venue : YIA LT3, G/F : YIA LT3, Venue Venue : YIA LT2, G/F : YIA LT2, Venue Venue : YIA 511, 5/F Venue Time : 17:00-18:40 Time : 17:00-18:40 Time : 17:00-18:40 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June 2017 Date: 3 June

* Presenter Session Organizer and Chair : Michal Fabinger, The University of Tokyo Tokyo of The University and Chair : Michal Fabinger, Session Organizer Heonjae Song, University of Seoul* ; Ha-Yong Jo, University of Seoul Jo, University of Seoul* ; Ha-Yong Heonjae Song, University Its Content and Uses (JSTAR): Japanese Study of Health and Retirement Tokyo of The University Hidehiko Ichimura, The Impact of Parental Beliefs on Parental Investment and Time Allocation: and Investment Beliefs on Parental The Impact of Parental Thailand in Rural Childhood Survey an Early from Evidence ; Thai Chamber of Commerce* of the Kilenthong, University Weerachart of Commerce Thai Chamber of the University Tu, Thi Ngoc Dinh KLIPS and NaSTaB Important Data Sets for South Korea: Two Panel 3.24i Session in Asia: Analysis Microeconometric Important (and Underused) Datasets Three of Singapore and Chair : John Ham, National University Session Organizer Eiichi Tomiura, Hitotsubashi University* ; Toshihiro Okubo, Keio University Okubo, Keio Toshihiro ; University* Hitotsubashi Tomiura, Eiichi Supply Chains International Influences on Japanese ; Tokyo of The University Shibuya, ; Yoko Tokyo* of The University Michal Fabinger, Paris Sciences Po Taniguchi, Mina Internalizing Global Value Chains: A Firm-Level Analysis A Firm-Level Chains: Internalizing Global Value of Singapore National University Chor, Davin and Mortality Pollution in China Trade, of Singapore* of British Columbia ; Bingjing Li, National University University Matilde Bombardini, Data in Japan Firm-Level from Evidence Networks: Transaction and Industrial Cluster Policy 3.23i Session and Production Trade in Empirical International Topics Networks Option Pricing with High-Frequency-Based Affine Stochastic Volatility (HEAVY-SV) Models Volatility (HEAVY-SV) Stochastic Affine High-Frequency-Based Option Pricing with University Han, Brown Hyojin GARCH Model Realized Threshold On a of Waterloo University Dinghai Xu, Modelling in Finance Modelling of Waterloo University Xu, Session Chair : Dinghai Risk Financial Returns: Modelling Extreme Model for Intraday Process Point A Marked Technology of University ; Adam Clements, Queensland Talca* de Universidad Rodrigo Herrera, Session 3.22c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 48 * Presenter Kali Rath,University of Notre Dame*;Haomiao Yu, Ryerson University The Weak Alpha-Core ofLarge Games Yifei Sun,University ofInternationalBusinessandEconomics* ; Tom Wilkening, University of Melbourne Takashi Kunimoto, Singapore Management University ; Yi-Chun Chen,NationalUniversity ofSingapore ;Richard Holden,University ofNewSouthWales ; Getting DynamicImplementationto Work Yeneng Sun,NationalUniversity ofSingapore ;YishuZeng, University ofMichigan Wei He, The ChineseUniversity ofHongKong ;XiangSun,Wuhan University* ; Pure-Strategy Equilibrium inGeneral Bayesian Games Kali Rath,University ofNotre Dame;Yeneng Sun,NationalUniversity ofSingapore M AliKhan, The JohnsHopkins University ;LeiQiao,ShanghaiUniversity ofFinanceandEconomics* ; The NecessityofCountableAdditivityinModelingInfinitely ManyAgents Session Organizer andChair:Wei He, The ChineseUniversity ofHongKong Topics Theory inGame Session 3.27i Junsen Zhang, The Chinese University ofHongKong Naijia Guo, The ChineseUniversity ofHongKong* ;Xiaoyu Xia, The ChineseUniversity ofHongKong ; A MatchingModelofIntergenerational Co-residence andItsApplication inChina Serena Rhee,University ofHawaiiManoa Understanding theLinkagesbetweenHealthandLaborIncome Xi Yang, University ofSouthern California;BenZou, MichiganStateUniversity* The SocialReturnsofHumanCapital:Evidence from China’s HigherEducation Expansion Holger Sieg,University ofPennsylvania ;Yu Wang, Ryerson University* Education, Career, andMarriage ChoicesofFemale Lawyers Session Organizer andChair:NaijiaGuo, The ChineseUniversity ofHongKong Labor Economics Session 3.26i Jun Yu, Singapore ManagementUniversity In-fill Asymptotic forStructural Theory Break Point in Autoregression: AUnified Theory Ye Chen,CapitalUniversity ofEconomics andBusiness Dynamic Factor ModelswithExplosive Regressors Yong Li,RenminUniversity ;JunYu, Singapore ManagementUniversity ; Tao Zeng, Wuhan University* Bayesian Specification Test Qiankun Zhou,StateUniversity ofNewYork atBinghamton Yonghui Zhang,RenminUniversity ofChina*; Sieve EstimationandSpecification Testing LinearFunctional-Coefficient Dynamic Panel DataModels: Partially Session Organizer andChair:JunYu, Singapore ManagementUniversity Financial Econometrics II Session 3.25i Date: 3June2017 Date: 3June2017 Date: 3June2017 Time :17:00-18:40 Time :17:00-18:40 Time :17:00-18:40

Venue LT9, :YIA 2/F Venue LT8, :YIA 2/F Venue LT6, :YIA 2/F

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Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10

Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 * Presenter Khai Xiang Chiong, University of Southern California* ; Matthew Shum, Caltech of Khai Xiang Chiong, University Subjective Beliefs and Dynamics of Drug Compliance Subjective ; Hu, Johns Hopkins University* ; Yingyao A&M University Texas An, Yonghong Jian Ni, Johns Hopkins University Choice Sets Models with Large Estimation of Discrete-Choice Random Projection Session Organizer and Chair : Hidehiko Ichimura, The University of Tokyo of The University and Chair : Hidehiko Ichimura, Session Organizer of Relevant under Incomplete Data Coverage Choice Models of Dynamic Discrete Inference States ; Sasaki, Johns Hopkins University* ; Yuya Hu, Johns Hopkins University Yingyao Johns Hopkins University Takahashi, Yuya Chong Xiang, Purdue University ; Stephen Yeaple, Pennsylvania State University* Pennsylvania ; Stephen Yeaple, University Chong Xiang, Purdue 4.3i Session Choice of Dynamic Discrete in Estimation Development Models Yasuyuki Sawada, Asian Development Bank ; An Le, The University of Tokyo ; Tokyo of The University Bank ; An Le, Sawada, Asian Development Yasuyuki Studies ; Development Minhaj Mahmud, Bangladesh Institute of Tokyo of The University Kawarazaki, Agency* ; Hikaru Mai Seki, Japan International Cooperation Analysis Quality along Multiple Dimensions: A Cross-Country Educational Do Standardized Tests Hurt Student Learning? Causal Evidence from a Natural Experiment a Natural Hurt from Student Learning? Causal Evidence Tests Do Standardized Lau, Reed College Yan Us Corrupt? Make Can Education of Hong Kong The Chinese University Ng, Travis IÉSEG School of Management* ; Lai, Tat-kei Primary Education: Improve to Program Self-learning Individualized Strategic Imprecision of Central Bank’s Communications Bank’s of Central Imprecision Strategic 4.2c Session I Economics Education Field Experiment in Bangladesh a Randomized from Evidence Gray’s Anatomy: Understanding Uncertainty Data Using Industry Growth Anatomy: Gray’s Management University* Sun, Singapore Yu ; Juliana University Roberto Washington Samaniego, George Uncertain or Uncertain Fundamentals Policy: of China Dun Jia, Renmin University 4.1c Session Cycle and Business Uncertainty of China Jia, Renmin University Session Chair : Dun Session Chair : Stephen Yeaple, Pennsylvania State University University State Pennsylvania Session Chair : Stephen Yeaple,

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 50 * Presenter Myungkyu Shim,SogangUniversity Financial PricesandEquilibrium Uniqueness inGlobalGamesModelsofCrises Nuray Akin, Ozyegin University* ;Brennan Platt,BrighamYoung University An Equilibrium Search ModelofFire Sales Kwok Ping Tsang, Virginia Tech* ;Gerelt Tserenjigmid, Virginia Tech How DoPeople Trade Lucas Trees? Session Chair:MyungkyuShim,SogangUniversity Topics inMicroeconomic Theory III Session 4.6c Jin Yan, The ChineseUniversity ofHongKong Semiparametric EstimationoftheRandomUtilityModelwithRank-Ordered Choice Data Fu Ouyang, Duke University Semiparametric EstimationofMultinomialChoiceModelswithRank-Order Property Yu Zhou,Fudan University ofUnobservables GamesundertheSymmetry Identification andEstimationofEntry Wei Song,University ofWisconsin-Madison Least Square EstimationofSemiparametric ResponseModelwithEndogeneity Binary Session Organizer andChair:JinYan, The ChineseUniversity ofHongKong Models Semiparametric Estimation ofLimited DependentVariable Session 4.5i Tsz-Ning Wong, Aalto University* ;LilyLingYang, University ofSydney Incentives: ComplementarityandSubstitutivityinInformationAcquisition Dynamic Expert Kirill Novoselov, Nazarbayev University Xiaoxuan Meng, The HongKong University ofScienceand Technology* ; Xiaoxiao Hu, The HongKong University ofScienceand Technology ; Yuk-Fai Fong, The HongKong University ofScienceand Technology ; Agent InformationAcquisitionandUtilizationinRelationalContracts Hitoshi Sadakane,Kyoto University* ;Yasuyuki Miyahara, Kobe University Communication Enhancementthrough InformationAcquisitionby UninformedPlayer Lin,Boston UniversityHenry Referral andInspection Session Chair: Tsz-Ning Wong, Aalto University Information Acquisition Session 4.4c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue 406,4/F :YIA Venue 405,4/F :YIA Venue 404,4/F :YIA

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Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June * Presenter Revenues and Budgets: Selling Mechanisms for Financially Constrained Buyers and Budgets: Selling Mechanisms for Financially Constrained Revenues ; of New South Wales* Juan Carlos Carbajal, University Israel Technology, Holon Institute of Mu’alem, Ahuva Secret Reserve Prices Secret Commission (USA) Trade Federal Ovadia, David Price and Ex under a Scoring Design on Contract Auctions of Open and Competitive Effects Public Procurement from Performance: Evidence Post National University Yokohama Tsuruoka, Masanori Auctions and Mechanisms I Auctions of New South Wales Session Chair : Juan Carlos Carbajal, University in Sequential Auctions Optimal Ordering ; Yiqing Xing, Johns Hopkins University University* Shi, Stanford Fanqi Infant Mortality Prohibition and the Repeal of Federal ; University Simon Fraser NBER* ; Krishna Pendakur, University, Jacks, Simon Fraser David University Shigeoka, Simon Fraser Hitoshi 4.9c Session Access to Water Infrastructure in Utero and Childhood Well-Being: Evidence from Rural China Rural from Evidence and Childhood Well-Being: in Utero Infrastructure Water Access to of Singapore Xiao, National University ; Yun of Singapore* Li Li, National University Changes in Shopping Patterns Demophobia: A Shock of Mers and ; University Kang, Hanyang ; Hyoung-Goo Joo, Sogang University* Hayeon Hailey IZA Jungmin Lee, Seoul National University, When Power Plants Leave Town: Environmental Quality and the Housing Market in China Quality and the Housing Market Environmental Town: Plants Leave When Power ; Sichuan University Deng Guoying, Institute* ; Research Policy Food The International Manuel Hernandez, of Finance and Economics Southwestern University Shu Xu, 4.8c Session and Health Environment Policy, Does Hedging Matter for Household Finance? Evidence from Hedging Housing Price Risks with Hedging Housing Price from for Household Finance? Evidence Does Hedging Matter Options Traded Exchange of Vienna ; University ; Stephan Unger, of Macau* of Macau ; William Cheung, University Li Bao, University Risk and Portfolio Retirement Choice Forced ; University Shanghai* ; Minjoon Lee, Carleton University Guodong Chen, New York of the Currency Nam, Office of the Comptroller Tong-Yob Peer-To-Peer Lending and Access to Credit Lending and Access to Peer-To-Peer HEC Paris Tang, Huan Household Portfolio Purchase and after House Choice before ; Jie Zhou, Bank of Canada* Aarhus University Ran Lyng, 4.7c Session Finance Household Shanghai University New York : Guodong Chen, Session Chair Session Chair : David Jacks, Simon Fraser University, NBER University, Jacks, Simon Fraser Session Chair : David

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 52 * Presenter Dennis Novy, University ofWarwick Natalie Chen,University ofWarwick ;Wanyu Chung,University ofSheffield* ; Vehicle Currency Pricing, Trade, andExchange Rate Pass-Through Kiyotaka Sato, Yokohama NationalUniversity, Edith CowanUniversity Thi-Ngoc AnhNguyen, Yokohama NationalUniversity* ; Firms’ Predicted Exchange RateandNonlinearitiesinPricing-to-Market Tuan KhaiVu, HoseiUniversity Asia Intra-Regional Trade inIntermediateGoods andtheChoiceofExchange RateRegime inEast Session Chair:Wanyu Chung,University ofSheffield International Trade andExchange Rate Session 4.12c Jianxin Wang, University of Technolgy Sydney* ;MinxianYang, The University ofNewSouthWales Conditional Volatility Persistence Linlin Ye, The ChineseUniversity ofHongKong, Shenzhen Understanding theImpactsofDarkPools onPriceDiscovery Jonathan Reeves, University ofNewSouthWales* ;Konark Saxena, UNSW Andrew Phin,University ofNewSouthWales ; Todd Prono, Federal Board Reserve ; Level ShiftsinBeta,SpuriousAbnormalReturnsandthe TARP Announcement Judith McDonald,LehighUniversity Hong-Ghi Min,Korea Advanced InstituteofScienceand Technology Jaebeom Cho,Korea Advanced InstituteofScienceand Technology* ; intheKoreanInformation Asymmetry Stock Market andtheEffects oftheU.S.FinancialCrisis Session Chair:JianxinWang, University of Technology Sydney Financial Economics I Session 4.11c Hans Van Kippersluis,Erasmus SchoolofEconomics* ;HongliangZhang,HongKong BaptistUniversity Subsidies, SubstitutionandSpillovers ofFormal ChildCare Yuan Cao,University ofCalifornia,SantaBarbara andLaborSupply:Evidence fromFertility theOne-ChildPolicy inChina Mengyun Lin,Peking University HSBCBusinessSchool Qing Wang, Peking University HSBCBusiness School* ; Child Care, Work-Family Policy andFemale Entrepreneurship Carsten Schroeder, DIWBerlin,Freie Universitaet Berlin Christos Koulovatianos, University ofLuxembourg ;JianLi,University ofLuxembourg* ; Joshua R.Goldstein,University ofCalifornia,Berkeley ; Evaluating HowChildAllowancesandDaycare SubsidiesAffect Fertility Session Chair:HansVan Kippersluis,Erasmus SchoolofEconomics Child Care andFertility Session 4.10c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue 501,5/F :YIA Venue 411,4/F :YIA Venue 410,4/F :YIA

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Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June Session Chair : Hyungsik Roger Moon, University of Southern California of Southern California Roger Moon, University Session Chair : Hyungsik * Presenter Minoru Kitahara, Osaka City University ; Koki Oikawa, Waseda University* Oikawa, Waseda ; Koki Osaka City University Minoru Kitahara, Quality: Office and Examination of the Patent Information Constraint of Initiation Lag the Effects from Evidence University Keizai Tokyo Sadao Nagaoka, Missing Growth from Creative Destruction Creative from Missing Growth ; Polytechnique École Banque de France, Bergeaud, ; Antonin Philippe Aghion, College de France ; University Stanford Timo Boppart, Klenow, ; Peter University IIES, Stockholm Reserve Bank of San Francisco* Huiyu Li, Federal Polarization Technology 4.15c Session Progress Technical University Keizai Tokyo Session Chair : Sadao Nagaoka, Two-Way Exclusion Restrictions in Models with Heterogeneous Treatment Effects Treatment with Heterogeneous Restrictions in Models Exclusion Two-Way ; Economics Technical and Shenglong Liu, Institute of Quantitative Toronto* of Wan, University Yuanyuan ; Toronto of Ismael Mourifie, University Approach Function in Endogenous Social Networks: Control Effects Estimation of Peer of Southern California* ; Hyungsik Roger Moon, University of Southern California Ida Johnsson, University Direct Instrumental Nonparametric Estimation of Inverse Regression Functions Regression Estimation of Inverse Instrumental Nonparametric Direct of Virginia Krief, University Jerome Using Control Endogenous Regressors Models with Mismeasured Estimation of Semiparametric Variables of Iowa University Song, ; Suyong Il Kim, Michigan State University* Kyoo 4.14c Session and Nonparametric Endogeneity Session Chair : Daiji Kawaguchi, The University of Tokyo of The University : Daiji Kawaguchi, Session Chair Transfers Girls with In-Kind Targeting of Effects Long-Term Wheels of Power: of Oslo Moene, University ; Karl Ove Bangalore* Indian Institute of Management Shabana Mitra, PIAAC from Utilization: Evidence Skill and Female Policies Family The University Tokyo of Toriyabe, Daiji Takahiro ; The Kawaguchi, University of Tokyo* 4.13c Session Inequality Gender

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 54 * Presenter Adam Shapiro, Federal BankofSanFrancisco Reserve John Krainer, Federal BankofSanFrancisco Reserve ; Rhys Bidder, Federal Bank ofSanFrancisco* Reserve ; ResponsestoDrilling into anOilShock BankBalanceSheets:Examining Portfolio Kenichi Ueda, The University of Tokyo Tail-Risk Dumping Jiakai Chen,University of Hawaii atManoa Lessons from Asset-Backed Commercial Paper Off-Balance SheetFinancingandBankCapitalRegulation: Session Chair:RhysBidder, Federal BankofSanFrancisco Reserve Financial Regulation Session 4.18c Yimeng Zhang, The HongKong University ofScienceand Technology Xiaoxuan Meng, The HongKong University ofScienceand Technology ; Yuk-Fai Fong, The HongKong University ofScienceand Technology* ; Ting Liu,Stony Brook University ; Reputation ofMulti-Attribute ExperienceGoodSeller Alexander Tarasov, NationalResearch University HigherSchoolofEconomics Shamil Sharapudinov, NationalResearch University HigherSchool ofEconomics* ; Sergey Kokovin, NationalResearch University HigherSchoolofEconomics ; Heterogeneous ConsumersMatchingHeterogeneous FirmsinMonopolisticCompetition Xiaogang Che,DurhamUniversity BusinessSchool Warranty, SellerReputation, andBuyer Experience Xiangting Hu,RenminUniversity ofChina Yijuan Chen,Australian NationalUniversity* ;SanxiLi,RenminUniversity ofChina; Complementarity BetweenOnlineandOfflineBusinesses Session Chair:Yuk-Fai Fong, The HongKong University ofScienceand Technology Topics inIOII Session 4.17c Yeneng Sun,NationalUniversity ofSingapore* Darrell Duffie,Stanford University ;LeiQiao,ShanghaiUniversity ofFinanceand Economics ; Continuous Time RandomMatching Yongchao Zhang,ShanghaiUniversity ofFinanceandEconomics* Qianfeng Tang, ShanghaiUniversity ofFinanceandEconomics ; Hierarchical Exchange RulesandtheCore inIndivisibleObjectsAllocation M. AliKhan,JohnsHopkinsUniversity ;NobusumiSagara, HoseiUniversity* Dimensions Fatou’s Lemma,GalerkinApproximations andtheExistenceofWalrasian Equilibria inInfinite Yifei Sun,University ofInternationalBusinessandEconomics ;Siyang Xiong,University ofBristol Yi-Chun Chen,NationalUniversity ofSingapore* ; Takashi Kunimoto, Singapore ManagementUniversity ; Maskin MeetsAbreu andMatsushima Session Organizer andChair:Yeneng Sun,NationalUniversity ofSingapore Topics inEconomic Theory I Session 4.16i Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10

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Venue : YIA 509, 5/F Venue : YIA 510, 5/F Venue Venue : YIA 508, 5/F Venue Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Session Chair : Xiaojun Song, Peking University University Session Chair : Xiaojun Song, Peking * Presenter The Lifetime Costs of Bad Health The Lifetime ; of Georgia University Pashchenko, Reserve Bank of Chicago ; Svetlana Federal Mariacristina De Nardi, Studies* Institute for Policy National Graduate Porapakkarm, Ponpoje Identifying Agent’s Information Sets: an Application to a Lifecycle Model of Schooling a Lifecycle to Information Sets: an Application Identifying Agent’s of Chicago The University Jin Zhou, the Union Army Pension from Evidence on Longevity: of Income and Wealth The Effect Institute Development Dohyung Kim, Korea Xiaojun Song, Peking University* ; Abderrahim Taamouti, Durham University Business School Durham University Taamouti, ; Abderrahim University* Xiaojun Song, Peking 4.21c Session Model Cycle Life Studies Institute for Policies National Graduate Porapakkarm, Session Chair : Ponpoje Yanyan Guo, Zhongnan University of Economics and Law ; of Economics Guo, Zhongnan University Yanyan and Law* of Economics Zhao, Zhongnan University Yanyun Estimations Selection in Single Index Model Derivative Optimal Smoothing Parameters University Wuhan Shuang Yao, A Big Data Environment Causality Analysis: A Better Understanding of Granger 4.20c Session Model and Single-Index High Dimensional Data Portfolios for Large Market in an Emerging Measurement VaR Dynamic Factor More Unequal Income but Less Progressive Taxation: Economics or Politics? Economics Taxation: Unequal Income but Less Progressive More of Miami University Chunzan Wu, The Optimum Quantity of Debt for Japan University* Kyoto Takahashi, ; Shuhei University Nakajima, Kyoto Tomoyuki Aiyagari Meets Ramsey: Optimal Capital Taxation with Incomplete Markets with Incomplete Taxation Optimal Capital Ramsey: Meets Aiyagari Reserve St. Louis ; Bank of Sinica* ; Yili Chien, Federal Chen, Academia Yunmin Academia Sinica Cheng Chen Yang, Premium on Skill Transfers and Taxes The Impact of University* Kyoto Yamada, ; Ken University Kyoto Takahashi, Shuhei 4.19c Session II Policies Tax University Kyoto Takahashi, Session Chair : Shuhei

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 56 * Presenter Jianjun Miao,Boston University Policy Asset BubblesandMonetary Ryo Jinnai,Hitotsubashi University Tomohiro Hirano, The University of Tokyo* ;Pablo Guerron-Quintana, Boston College; Asset BubblesandMacro-Prudential Policy Kosuke Aoki, The University of Tokyo ;KalinNikolov, European Central Bank* Financial DisintermediationandFragility Jing Zhou,Fudan University Jianjun Miao,Boston University ;Pengfei Wang, The HongKong University ofScienceand Technology* ; Asset BubblesandForeign Interest RateShocks Session Organizer andChair:JianjunMiao,Boston University Asset Bubbles,MultipleEquilibria, andEconomic Activities Session 4.24i Yan Bai,University ofRochester* ;DanLu, University ofRochester;Xu Tian, University of Toronto Do FinancialFrictions ExplainChineseFirms’Saving andMisallocation? Vivian Yue, University Emory Overdose onRescueRemedy?Development Policy underFinancialFriction Chun-Fang Chiang,National Taiwan University ;BeiQin, The University ofHongKong* The ImpactofAnti-corruption CampaignonPolitically ConnectedListedCompanies Wei Wang, University ofInternationalBusinessandEconomics Agricultural Productivity Gaps inChina Session Organizer andChair:Yan Bai,University ofRochester Chinese Economy: Trade andMacroeconomics Session 4.23i Pei Kuang, University ofBirmingham Learning withData(Quasi-)Differencing Xiaojian Zhao, The HongKong University ofScienceand Technology Fuhai Hong,Nanyang Technological University ; Xiu Chen, The HongKong University ofScienceand Technology* ; Concentration andUnpredictability Investment Games ofForecasts inArtificial Chun-Ting Chen,National Taiwan University Coordination inNetworks:Communicationby Actions Session Chair:Pei Kuang, University ofBirmingham Searching, Learning, andCommunication Session 4.22c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue LT3, :YIA G/F Venue LT2, :YIA G/F Venue 511,5/F :YIA

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Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Session Chair : Hulya Eraslan, Rice University Rice University Eraslan, Session Chair : Hulya * Presenter Li Han, The Hong Kong University of Science and Technology of Science and University The Hong Kong Li Han, in China Investments Marital Property Rights, House Ownership, and Educational Technology of Science and University The Hong Kong Albert Park, Personality and the Gender Wage Gap: Evidence from the China Employer Employee Survey Employee the China Employer from Gap: Evidence and the Gender Wage Personality Shanghai* ; University Christina Jenq, New York Technology of Science and University The Hong Kong Albert Park, Bargaining? Intrahousehold Bequeath Affects Who Bequeaths, Who Rules: How the Right to Gender and Intrahousehold Economics Gender and Intrahousehold Technology of Science and University and Chair : AlbertThe Hong Kong Session Organizer Park, Examination National College Entrance China’s from Evidence Gender Gap under Pressure: ; Singapore of National University ; Yi Lu, Xiqian Cai, Xiamen University* of Singapore ; Songfa Zhong, National University of Singapore University National Jessica Pan, Yu-Hsiang Lei, Yale-NUS College Lei, Yale-NUS Yu-Hsiang and Media Bias Access Control Information Gatekeeping, ; Saltuk Ozerturk, Rice University* Southern Methodist University Eraslan, Hulya 4.27i Session Reshad Ahsan, University of Melbourne Reshad Ahsan, University Approach Contest Incumbency and Partisan of U.S. House Elections: A Structural Advantages ; Sydney* Technology of Ming He, University Technology of Science and University The Hong Kong Huang, Yangguang China from Harvest with Firms? Evidence Connections Can Governments 4.26c Session Economy Political in Bangladesh Strikes Political How Do Exporters from Cope with Violence? Evidence Dominick Bartelme, of Michigan University Effects: Lasting Migration, Temporary in China and Migration Trade of and the Dynamic Effects Human Capital Investment Toronto of ; Xiaodong Zhu, University University* Washington George Chao Wei, Export China from and Industry Expansion, Skill Acquisition Specialization: Evidence of Singapore University Bingjing Li, National Assessment A Quantitative Migration: and Trade Hopkins University Johns Parro, Fernando United States the from Evidence Geography: and Economic Costs Trade Session 4.25i Session Models and Dynamic Spatial Migration Trade, University Washington George Chair : Chao Wei, and Session Organizer

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 58 * Presenter Huihua Xie, The ChineseUniversity ofHongKong, Shenzhen Education andNoncognitive Skills Yvonne Chen,NationalUniversity ofSingapore ;LiLi,NationalUniversity of Singapore* Childhood Television Exposure andSubsequentDevelopment ofNoncognitive Skills Laxman Bablani,University ofMelbourne;Andrew Clarke, University ofMelbourne* The ReturnMigration ofAustralian Migrants Session Chair:HuihuaXie, The ChineseUniversity ofHongKong, Shenzhen Noncognitive Skills Session 5.3c Frederic Warzynski, AarhusUniversity* Yao AmberLi, The HongKong University ofScienceand Technology ;Valerie Smeets,AarhusUniversity ; Evidence from aChineseProduction Survey Performance: Physical Productivity andExceptional Exporter Wenping Zheng,RenminUniversity ofChina Dong Cheng,Vanderbilt University ;ZhongzhongHu,University ofInternationalBusinessandEconomics* ; Firm-level Evidence from Trade Deregulation inChina Do Credit Constraints MatterforLearning-by-Exporting: Minghai Zhou,University ofNottinghamNingboChina* Anna MariaMayda, Georgetown University, LdA; CEPR,IZA, Maggie Y. Liu,Georgetown University ; GEP, andLdA; IZA Giovanni Facchini, University ofNottingham,Universita’ degliStudidiMilano,CEPR,CES-Ifo,CReAM, The ImpactofChina’s WTO AccessiononInternalMigration Session Chair:Frederic Warzynski, AarhusUniversity China’s International Trade I Session 5.2c Haizheng Li,Georgia Instituteof Technology ;Vivek Ghosal,RensselaerPolytechnic Institute* Xiuli Sun,SouthwesternUniversity ofFinanceandEconomics ; Firm-Level HumanCapitalandInnovation: Evidence from China Kazuhiro Yuki, Kyoto University Is BilingualEducation Desirable inMultilingualCountries? Xiuli Sun,SouthwesternUniversity ofFinanceandEconomics Firm-Level HumanCapitalandProductivity: Evidence from China Lei Zhang,ShanghaiJiao Tong University* ;YiChe,ShanghaiJiao Tong University Impacts ofChina’s HigherEducation ExpansionintheLate1990s Human Capital, Technology AdoptionandFirmPerformance: Session Chair:Vivek Ghosal,RensselaerPolytechnic Institute Human Capital Session 5.1c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10

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PM AM PM AM PM AM 59 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 405, 4/F Venue : YIA 406, 4/F Venue Venue : YIA 404, 4/F Venue Time : 10:30-12:10 Time : 10:30-12:10 Time : 10:30-12:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June * Presenter Occupational Hazard and College Major Choice: Evidence from Anti-Doctor Violence Anti-Doctor from and College Major Choice: Evidence Occupational Hazard Song, McGill University ; Yan Shiyu Bo, Jinan University* a Compulsory Reform on Mortality: Education The Impact of Education from Evidence Kamhon Kan, Academia Sinica Unified Language, Labor Market and Ideology Unified Language, Labor Market University Harvard You, Yang Education in Higher and Investment a Family Financing within Educational Management University Singapore Myong, ; Sunha Management University* Jungho Lee, Singapore Session 5.6c Session Labor and Education Session Chair : Kamhon Kan, Academia Sinica Anson Ho, Bank of Canada Portfolio and Insurance Choice Incomplete Markets Risky Insurance: School of Business Graduate Stanford Tonetti, ; Christopher University* Joseph Briggs, New York in the U.S.? How Much Consumption Insurance Hryshko, of Alberta*Dmytro University Pennsylvania of University ; Iourii Manovskii, Reducing Medical Spending of the Publicly Insured: The Case for a Cash-Out Option Publicly Insured: Reducing Medical Spending of the ; of Georgia* University Pashchenko, Svetlana Studies for Policy Institute National Graduate Porapakkarm, Ponpoje Accounts Saving Tax-deferred on Penalty The Optimal Early-Withdrawal A Noncooperative Foundation of the Neutral Bargaining Solution Bargaining the Neutral of Foundation A Noncooperative Lincoln of Nebraska Kim, University Jin Yeub 5.5i Session Lifecycle and Decisions over Uncertainties Studies Institute for Policies National Graduate Porapakkarm, and Chair : Ponpoje Session Organizer Valuation of Moral Hazard under Diffusive and Jump Risks and Diffusive under Hazard Moral of Valuation University Hitotsubashi ; Hisashi Nakamura, University* Hitotsubashi Igarashi, Toru Resources with Discrete Economy of an Exchange Set The Bargaining University Yilmaz, Bogazici ; Murat University* Yilmaz, Koc Ozgur Information and Incentives Information Lincoln of Nebraska Kim, University Session Chair : Jin Yeub Means of Production Ownership of the University* Lee Zhang, Stanford ; Anthony Corporation Microsoft Eric Weyl, Session 5.4c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 60 Jakob Munch,University ofCopenhagen Globalization andCEOPay: EstimatingtheValue ofGood LeadersinComplexFirms Yao AmberLi, The HongKong University ofScienceand Technology ;Jin-Tan Liu,National Taiwan University Loretta Fung, National Tsing HuaUniversity* ; Multinational R&D, Intensity, Import andPrice Dan Liu,ShanghaiUniversity of Finance andEconomics FDI andUrbanInequality:Evidence from ChineseCities Joel Sandonis,University ofAlicante* Chrysovalantou Milliou,Athens University ofEconomics andBusiness; ForeignVertical Direct Investment: Make, Selland(Not)Buy Session Chair:JakobMunch,University ofCopenhagen Multinationals andFDI Session 5.9c Fund Bin Li,InternationalMonetary Macroeconomic DimensionsofPublic-Private Partnerships Xiaochuan Xing,Yale University Patrick Pintus,BanquedeFrance ;YiWen, Federal BankofSt.Louis*; Reserve LeadingIndicator andRedistributionEffect Property The Inverted oftheInterest Rate Weizhen Hu,Nagoya University Welfare Analysis of Transitional DynamicsinanOverlapping Generations Model Andreas Mueller, University ofOslo Simon Alder, Carolina IIES,Stockholm atChapelHill*; University ; The University ofNorth Timo Boppart, A ofStructuralTheory ChangethatCanFittheData Fund Session Chair:BinLi,InternationalMonetary Topics inMacroeconomics Session 5.8c Guannan Luo, CityUniversity ofHongKong* Marianna Kudlyak, Federal BankofSanFrancisco Reserve ; Underemployment inanEquilibrium Search andMatchingModel Yikai Wang, University ofOslo* Marcus Hagedorn,University ofOslo;IouriiManovskii, University ofPennsylvania ; Search Frictions andWage Dispersion Seunghoon Na,ColumbiaUniversity The LaborShare Fluctuation Cheng Wang, Fudan University ;Youzhi Yang, Shanghai University ofFinanceandEconomics* A Pure ofWageTheory Dispersion Session Chair:GuannanLuo, CityUniversity ofHongKong Macro LaborI Session 5.7c * Presenter Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10 Venue 409,4/F :YIA Venue 408,4/F :YIA Venue 407,4/F :YIA

PM AM PM AM PM AM 61 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 501, 5/F Venue Venue : YIA 4/F 410, Venue Venue : YIA 411, 4/F Venue Time : 10:30-12:10 : 10:30-12:10 Time Time : 10:30-12:10 Date: 4 June 2017 Date: 4 June 2017 4 June 2017 Date: Date: 4 June 2017 * Presenter Shumi Akhtar, The University of Sydney* ; Ye Ye, The University of Sydney The University Ye, ; Ye of Sydney* The University Shumi Akhtar, Optimal House Acquisition with Stochastic Income Optimal House Acquisition with Stochastic Bank of Canada Xu, Shaofeng Expectations Economy Existence in a Finite-Agent, Multi-Asset Noisy Rational On Equilibrium University Tsinghua ; Meixin Guo, of International Business and Economics* Ronaldo Carpio, University Decision Default and Capital Structure Strategic 5.12c Session Pricing in Asset Topics of Sydney The University Session Chair : Shumi Akhtar, Ritam Chaurey, State University of New York, Binghamton of New York, State University Ritam Chaurey, Structures Tax Income Using Personal Thailand in Estimating Labor Supply Elasticities Lekfuangfu, Chulalongkorn University Warn Schedules Costs and Work Fixed A Model of Labor Supply, of New South Wales* University Dechter, Bank of Chile ; Evgenia Gonzalo Castex, Central Creditor Rights, Threat of Liquidation, and Labor-Capital Choice of Firms of Liquidation, Threat Rights, Creditor Process of Authorizing Transportation Infrastructure Provision: A Duration Analysis Analysis A Duration Provision: Infrastructure Transportation of Authorizing Process Management University Singapore Koh, Yumi Behavior Motorists’ Regulations and Heterogeneous Safety Traffic Deadlier Road Accidents? From Greedy to Greedier: Relative Advantage Enlarging and Antisocial Punishment and Antisocial Enlarging Advantage Relative Greedier: to Greedy From Kong of Hong University The Qilin Zhang, China from Theory and Evidence Tournaments: Setting in Target ; University of Management, Peking Xing Li, Guanghua School University* Peking Guanghua School of Management, Xi Weng, 5.10c Session Public in Economics Topics University Management : Christine Ho, Singapore Session Chair 5.11c Session Labor Supply and Demand of New South Wales University Dechter, Session Chair : Evgenia Madhav Aney, Singapore Management University ; Christine Ho, Singapore Management University* Management ; Christine Ho, Singapore Management University Singapore Aney, Madhav

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 62 * Presenter Bin Wei, Federal BankofAtlanta Reserve Financial Markets’ ViewaboutRmbunder a Two-Pillar Approach Xiaobo Tang, ZhejiangGongshangUniversity, Zhejiang FinancialCollege Xingyuan Yao, ZhejiangFinancialCollege*; Evidence from Emerging Markets Do FinancialStructures Affect Exchange RateandStock PriceInteraction? Yuan Zhao,University ofAberdeen Marc Gronwald, University ofAberdeen* ;MetinIlbasmis,University ofAberdeen ; The RoleofDataFrequency andDividendPolicies Diversification Power of Turkish RealEstateMarket Securities- Ha Nguyen, The World Bank The ImpactofOilPriceonFinancialMarkets: Isthis Time Different? Session Chair:BinWei, Federal BankofAtlanta Reserve International FinancialMarkets I Session 5.15c Junjie Zhou,NationalUniversity ofSingapore Competitive PricingStrategies inSocialNetworks Hon HoKwok, The University ofHongKong Network IdentificationMethodsBasedonChangeofBasis Ying-Ju Chen, The HongKong University ofScienceand Technology Yang Zhang, The HongKong University ofScienceand Technology* ; Optimal NonlinearPricinginSocialNetworksunderAsymmetricNetworkInformation Mihaela van derSchaar, University ofOxford Yangbo Song, The ChineseUniversity ofHongKong, Shenzhen* Repeated NetworkGames Session Chair:JunjieZhou,NationalUniversity ofSingapore Social Networks Session 5.14c Yu-Chin Hsu,AcademiaSinica*;ShuShen,University ofCalifornia,Davis Testing Treatment Effect Heterogeneity inRegression Discontinuity Design Xi Wang, ShanghaiLixinUniversity ofAccountingandFinance* Songnian Chen, The HongKong University ofScienceand Technology ; ErrorsNon-stationary Semiparametric EstimationofaGeneralized Transformation Panel DataModelwith Kai Yang, ShanghaiUniversity ofFinanceandEconomics* ;Lung-fei Lee, The OhioStateUniversity Explosion Estimation ofDynamicPanel SpatialVector Autoregression: Stability, SpatialCointegration and Wenzheng Gao, Texas A&MUniversity* Xirong Chen, Texas A&MUniversity ;Darong Dai, Texas A&MUniversity ; Homophily Nonparametric IdentificationandEstimationofAdditive SocialInteraction Modelswith Session Chair:Yu-Chin Hsu,AcademiaSinica Estimation andInference Session 5.13c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10

Venue 504,5/F :YIA Venue 503,5/F :YIA Venue 502,5/F :YIA

PM AM PM AM PM AM 63 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 507, 5/F Venue Venue : YIA 505, 5/F Venue Venue : YIA 506, 5/F Venue Time : 10:30-12:10 Time : 10:30-12:10 Time : 10:30-12:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 cole normale supérieure Paris-Saclay cole normale supérieure É * Presenter Non-Equilibrium Play in Centipede Games Play Non-Equilibrium of the Basque Country University and BRiDGE Kovarik, Jaromir Dmitry Shapiro, Seoul National University* ; David Huh, George Washington University Washington Huh, George ; David Dmitry Seoul National University* Shapiro, Time Consistency Non-Stationary Utility and Additive Nicolas Drouhin, Tolerance for Risk Approach Risk: A Parametric Probabilistic Delayed Business School Durham University Jinrui Pan, 5.18c Session I Behavior of Microeconomic Theory of the Basque Country University and BRiDGE Kovarik, Session Chair : Jaromir on Competition Information and Its Effect of Negative Disclosure Voluntary Anatomy of a “Miracle’’: Assessing the Reform Period in China the Reform Period Assessing of a “Miracle’’: Anatomy Bank* Central McAdam, European Bank ; Peter Central Simona Manu, European Aid and Disaster Insurance The Role of Foreign Disasters and Growth: Natural Reserve Bank of St. Louis Federal University, Rodolfo Manuelli, Washington The Impact of Press Freedom on Economic Growth: A Cross-country Study Study A Cross-country Growth: on Economic Freedom The Impact of Press Baptist University ; Eric CY Ng, Hong Kong Baptist University* Ying Chu Ng, Hong Kong Manufacturing Sector in China’s Intermediate Goods and Misallocation Ontario of Western University Wang, Wenya Estimation and Inference of Dynamic Structural Factor Models with Over-Identifying Restrictions Models with Over-Identifying Factor of Dynamic Structural Estimation and Inference Weak Sigma-Convergence: Theory and Applications Sigma-Convergence: Weak University Yale Phillips, ; Peter Shandong University* Jianning Kong, at Dallas Texas of Donggyu Sul, University Dependence Sectional Error of Cross in the Presence Data Modelling Panel Multi-dimensional ; of Salento University College London ; Camilla Mastromarco, King's Kapetanios, George of York* Shin, University of Bari ; Yonghceol Serlenga, University Laura 5.16c Session Analysis Data Panel Sogang University Session Chair : In Choi, In Choi, Sogang University 5.17c Session Growth in Economic Issues Reserve Bank of St. Louis Federal University, Session Chair : Rodolfo Manuelli, Washington Xu Han, City University of Hong Kong Han, City University Xu for Estimators Least Squares Pooled and Bias-Corrected Maximum Likelihood Cross-Sectional T with ShortDynamic Panels

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 64 * Presenter Steven Ho,ColumbiaUniversity Learning inInternationalMarkets anda RationalExpectationApproach to theContagion Puzzle Yenan Wang, Duke University* ;MingYang, Duke University Insider Trading when There May NotBeanInsider Raymond C.W. Leung,CheungKong Graduate SchoolofBusiness Financial IntermediationandtheMarket SharpeRatio: andEvidenceTheory Kun Li,Australian NationalUniversity ;GangWang, Shanghai University ofFinanceandEconomics* Identifying Herding amongFinancialAnalysts Session Chair:Steven Ho,ColumbiaUniversity Information andPrice Efficiency Session 5.21c Rodney Ramcharan, University ofSouthernCalifornia;Edison Yu, Federal BankofPhiladelphia* Reserve Marco DiMaggio,Harvard University ;AmirKermani, University ofCalifornia,Berkeley ; Household Credit andLocalEconomic Uncertainty Miho Sunaga,OsakaUniversity Capital AdequacyRequirements andFinancialFrictions inaNeoclassicalGrowth Model Guangyu Pei, University ofZurich Impact ofAmbiguity Shock:RecessionandHeightenedDispersion Juan Figueres, University of Padua Giovanni Caggiano,MonashUniversity* ;Efrem Castelnuovo, University ofMelbourne; SpilloversEconomic inBoomsandBusts Policy Uncertainty Session Chair:Edison Yu, Federal BankofPhiladelphia Reserve Uncertainty andFinancial Frictions Session 5.20c Subhasish Dugar, University ofUtah Deception: Consequences The RoleofUncertain Thomas Daske, Technical University ofMunich Externality Assessments,Value Judgments,andMechanismDesign Takaaki Hamada, The University of Tokyo The Effect ofInsideandOutsideReputationsonGroup ChoiceandEffort Ruixin Wang, HongKong BaptistUniversity Who ShouldIShare Riskwith?GiftsCan Tell: andEvidenceTheory from Rural China Session Chair:SubhasishDugar, University ofUtah Topics inMicroeconomic Theory IV Session 5.19c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10 Venue 510,5/F :YIA Venue 509,5/F :YIA Venue 508,5/F :YIA

PM AM PM AM PM AM 65 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT2, G/F : YIA LT2, Venue G/F : YIA LT3, Venue Venue : YIA 511, 5/F Venue Time : 10:30-12:10 Time : 10:30-12:10 Time : 10:30-12:10 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 * Presenter Jonathan Chiu, Victoria University of Wellington* ; Cyril Monnet, University of Bern ; ; Cyril Monnet, University of Wellington* University Jonathan Chiu, Victoria The London School of Economics Shengxing Zhang, Reserve Banking Financial Stability and Fractional of Bern* ; Stephan Imhof, Swiss National Bank ; Cyril Monnet, University The London School of Economics Shengxing Zhang, Session Organizer and Chair : Shengxing Zhang, The London School of Economics and Chair : Shengxing Zhang, Session Organizer of Banking in the Equilibrium Money Bank Jin Cao, Norges Channel of Monetary Policy Taking Financial Stability and the Risk William Cong, The University of Chicago Booth School of Business* of Chicago The University William Cong, Chicago Booth School of Business of The University Douglas Xu, Xun 5.24i Session and Regulation Financial Stability Firm Dynamics with Endogenous Collateral Constraints Firm Dynamics with Endogenous Collateral of Hong Kong The Chinese University Yizhou Xiao, System and the Payment Transformation Banks, Liquidity Commercial Making Money: of California, Berkeley University Christine Parlour, and Security Design Asset Prices, Informational Efficiency, Investing: Rise of Factor Financial Intermediation and Firm Dynamics and Firm Dynamics Financial Intermediation of Chicago Booth School of Business The University and Chair : William Cong, Session Organizer with Commitment Dynamics Leverage of Chicago Booth School of Business The University Zhiguo He, Dan Qin, Tohoku University Tohoku Dan Qin, and Consistency Choice, Deferral of St Andrews University Gerasimou, Georgios 5.23i Session Limited Consideration and Limited Data Limited Consideration University Gakuin Kwansei Shirai, ; Koji University* Inoue, Waseda Yuta Information Processing Ability and Selective Limited Cognitive School of Economics Toulouse Kin Leung, Tsz Multi-Dimensional Threshold Representation Session 5.22c Session II Behavior of Microeconomic Theory of St Andrews University Gerasimou, Session Chair : Georgios

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 66 * Presenter Bin Wu, NationalUniversity ofSingapore* ;NicholasYannelis, University ofIowa Wei He, The ChineseUniversity ofHong Kong ;Yeneng Sun,NationalUniversity ofSingapore ; Large Economies with Social Types Raimondo, University ofMelbourne*;YakarRoberto Kannai,Weitzmann InstituteofScience, Israel Endogenously Dynamically CompleteEquilibria forFinancialMarkets: The General Case Jin Xu, ShandongUniversity* ;JunjieZhou,NationalUniversity ofSingapore Nexus ofConflicts Mitsunori Noguchi,MeijoUniversity Alpha Cores ofGameswithNonatomic AsymmetricInformation Session Organizer andChair:Yeneng Sun,NationalUniversity ofSingapore Topics inEconomic Theory II Session 5.27i Valentyn Panchenko, Prokhorov, University ofNewSouthWales ;Artem University ofSydney* Efficient Estimationof Parameters inMarginals inSemiparametric Multivariate Models Victor Aguirregabiria, University of Toronto ;Eduardo Souza-Rodrigues,University of Toronto* Resource Investments A Semiparametric DynamicStructural ModelfortheEstimationofOptionValues inNatural Kyoo IlKim,MichiganStateUniversity ;Suyong Song,University ofIowa* Identification ofProduction inInputDecisions Functions withMulti-dimensionalUnobservables Kirill Chernomaz,SanFrancisco StateUniversity ;Hisayuki Yoshimoto, University ofGlasgow* Valuations? How Accurately DoStructural AsymmetricFirst-PriceAuction EstimatesRepresent True Session Chair: Tong Li,Vanderbilt University Session Organizers :XiaohongChen,Yale University ; Tong Li,Vanderbilt University Sieve Estimation inStructural Models Session 5.26i Jing Tao, University ofWashington, Seattle* David Gold,University ofWashington ;JohannesLederer, University ofWashington ; andHypothesisConfidence Intervals Testing forHigh-DimensionalIVRegression Le-Yu Chen,Academia Sinica;Jen-CheLiao,AcademiaSinica* Estimation andInference ofNonparametric SampleSelectionModelswithHeteroskedasticity Seong Yeon Chang,XiamenUniversity* ;Zongwu Cai, The University ofKansas A New Test onAssetReturnPredictability withStructural Breaks Hiroyuki Kasahara, University ofBritishColumbia*;KatsumiShimotsu, The University of Tokyo Testing the NumberofRegimesinMarkov RegimeSwitchingModels Session Organizer andChair:Jing Tao, University ofWashington, Seattle Topics inEconometrics II Session 5.25i Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10 Venue LT9, :YIA 2/F Venue LT8, :YIA 2/F Venue LT6, :YIA 2/F

PM AM PM AM PM AM 67 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT5, 2/F : YIA LT5, Venue Time : 10:30-12:10 Date: 4 June 2017 * Presenter The Global Production Line Position of Chinese Firms Line Position The Global Production ; of Oxford University Manova, ; Kalina of Singapore* National University Chor, Davin of Nottingham University Zhihong Yu, Retail to Production From ; University Thomas, Duke ; Duncan of Hong Kong The Chinese University Zheng Song, University* Duke ; Daniel Xu, University Zhejiang Miaojun Wang, Trade and Innovation: The Role of Scale and Competition Effects The Role of Scale Innovation: and Trade Peking University Yu, ; Miaojie Toronto* of University Lim, DartmouthTrefler, Kevin College ; Daniel on Export Barriers Performance, Activities, Firm and Resource Trade The Impact of Local Misallocation School Kennedy Harvard Research, Jie Bai, Microsoft Session 5.28i Session Economy and Chinese Trade International University Duke Chair : Daniel Xu, and Session Organizer

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 68 * Presenter Liang Guo, The ChineseUniversity ofHongKong Contextual Deliberation andProcedure-Dependent Preference Reversals Weijie Zhong,ColumbiaUniversity Optimal DynamicInformationAcquisition James Best,University ofOxford* ;DanielQuigley, University ofOxford Persuasion fortheLong-Run Junnan He,Washington University inSt.Louis Imperfect Perception ofAttributes and ContextualChoiceEffects Session Chair:LiangGuo, The Chinese University ofHongKong Choice Processes andInformation Acquisition Session 6.3c Ying Fan, University ofMichigan*;ChenyuYang, University ofRochester Competition, Product Proliferation andWelfare: Market AStudyoftheU.S.Smartphone Tamotsu Onozaki, RisshoUniversity Yoshiyuki Arata, The Research InstituteofEconomy, Trade ; andIndustry* A CompositionalDataAnalysis ofMarket Share Dynamics Mo Xiao,University ofArizona* Yuyu Chen,Peking University ;MitsuruIgami,Yale University ;Masayuki Sawada,Yale University Privatization andProductivity inChina Session Chair:YingFan, University ofMichigan Empirical Studies ofFirmsandMarkets Session 6.2c Kailing Shen,Australian NationalUniversity* ;Yang Zhang,Australian NationalUniversity State OwnedEnterprises,HukouandWages inChina Yifan Zhang, The ChineseUniversity ofHongKong ;Yanos Zylberberg, University ofBristol University ofWarwick ;MarlonSeror,Clément Imbert, Paris SchoolofEconomics* ; Internal Migration andFirmGrowth: Evidence from China Xiangjun Ma,University ofInternationalBusinessandEconomics* Hyelim Qiu, Son,University ofSeoul;Larry The University ofHongKong ; StructureLabor Skill,Industry andMigration Zhangfeng Jin,University ofNottinghamNingboChina Hukou ReformandMigration DecisioninChina Session Chair:KailingShen,Australian NationalUniversity Wages, SkillsandMigration Session 6.1c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50 Venue 403,4/F :YIA Venue 402,4/F :YIA Venue 401,4/F :YIA

PM AM PM AM PM AM 69 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 405, 4/F Venue : YIA 406, 4/F Venue Venue : YIA 404, 4/F Venue Time : 15:10-16:50 Time : 15:10-16:50 Time : 15:10-16:50 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 * Presenter On the Distribution of Wealth and Labor Force Participation and Labor Force On the Distribution of Wealth of Mannheim University Minchul Yum, in Leisure Trends Rising Inequality and Timo Boppart, ; IIES-Stockholm London School of Economics* The Rachel Ngai, Optimal Human Capital Bequeathing catholique de Louvain Université Julio Dávila, Inequality and House Prices University Tsinghua Zhang, Fudong Session 6.6c Session Inequality II The London School of Economics Session Chair : Rachel Ngai, The Projection Approach for Multi-Way Error Components Models with Partially Components Error Balanced Panel for Multi-Way Approach The Projection Data of Queensland ; University Tang, of Queensland* ; Kam University Kwak, Do Won Hee University Cheong, Kyung Juyoung Autoregression in Panel Uniform Inference University of Maryland* Phillips, Yale John Chao, University ; Peter Yi Ding, The Hong Kong University of Science and Technology* ; Technology* of Science and University The Hong Kong Yi Ding, ; Technology of Science and University The Hong Kong Yingying Li, Technology of Science and University The Hong Kong Xinghua Zheng, with Combined Data Sources in Moment Inequality Models Inference of Sydney University The Yi Sun, 6.5c Session Data Dimensional and Combined High Panel, of MarylandSession Chair : John Chao, University Model Portfolio under Factor High Dimensional Minimum Variance Conditional Cross-Section: Belief Difference and Characteristic Explanations and Characteristic Belief Difference Conditional Cross-Section: State University Texas Alanis, ; Emmanuel Hogyu Jhang, Chungnam National University* Framing for Narrow That Allows Model A New Preference of Hong Kong* The Chinese University He, ; Xuedong Jing Guo, Columbia University In Search of Preference Shock Risks: Evidence from Longevity Risks and Momentum Profits Risks and Momentum Longevity from Shock Risks: Evidence of Preference In Search University Technological Nanyang Yang, ; Bowen University* Technological Zhanhui Chen, Nanyang Efficiency and Informational Power Market College ; Boston Nosal, College London ; Jaromir Imperial Kacperczyk, Marcin Imperial College London* Sundaresan, Savitar Session 6.4c Session II Financial Economics of Hong Kong The Chinese University He, Session Chair : Xuedong

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 70 * Presenter Francesco Zanetti,University ofOxford University ofBirmingham;John ChristophTsoukalas, Gortz, University ofGlasgow*; News ShocksunderFinancialFrictions Ryan Chahrour, Boston College;Jaromir Nosal,Boston College ;RosenValchev, Boston College*; Real EstateInvestors andtheHousingBoomBust Johannes Strobel, University ofRegensburg* Gabriel Lee,University ofRegensburg ;Kevin Salyer, University ofCalifornia,Davis ; Dynamic Uncertainty, AgencyCostsandAggregate Fluctuations Session Chair:John Tsoukalas, University ofGlasgow Business Cycle Session 6.9c Biing-Shen Kuo, NationalChengchiUniversity Panel Averaging Estimators Robustto ModelMisspecifications Ryo Okui,NewYork University Shanghai;Wendun Wang, Erasmus University Rotterdam* Heterogenous Structural Breaks inPanel DataModels Shosei Sakaguchi,Kyoto University Heterogeneous by Fixed Unobserved Effects Estimation ofAverage Treatment Effects UsingPanel Datawhen Treatment Effects are Ba Chu,Carleton University Spatially DependentErrors Composite Likelihood EstimationofDynamicPanels withGroup-Specific Heterogeneity and Session Chair:Biing-ShenKuo, NationalChengchiUniversity Panel Data Models Session 6.8c Chung-Yi Tse, The University ofHongKong* ;Yujing Xu, The University ofHongKong Inter-Dealer Trades inOTC Markets —WhoBuysandSells? Sveriges Riksbank* ;IsaiahHull,Sveriges Riksbank;XinZhang,Sveriges Riksbank Christoph Bertsch, NormalizationsandConsumerCredit:Monetary Evidence from Fed Liftoff andOnlineLending Sam-Ho Lee,Korea University Credit Constraint andExcess Return:CaseofChonseiLeaseinKorea Ravi Kashyap, CityUniversity ofHongKong, IHSMarkit Combining DimensionReduction,DistanceMeasures andCovariance Session Chair:Chung-Yi Tse, The University of HongKong Microstructure andCredit Markets Session 6.7c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50 Venue 409,4/F :YIA Venue 408,4/F :YIA Venue 407,4/F :YIA

PM AM PM AM PM AM 71 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 501, 5/F Venue Venue : YIA 411, 4/F Venue Venue : YIA 4/F 410, Venue Time : 15:10-16:50 Time : 15:10-16:50 : 15:10-16:50 Time Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 4 June 2017 Date: * Presenter Torben M Andersen, School of Economics and Business ; Joydeep Bhattacharya, Iowa State University ; Bhattacharya, Iowa State University and Business ; Joydeep M Andersen, School of Economics Torben Liu, Beijing Normal University* Pan of China Analysis A Quantitative Pollution: Distribution of Firms and Industrial Water The Size Technology Licensing and Environmental Policy Instruments: Policy Licensing and Environmental Technology Quantity Control versus Price Control Tokyo of The University ; Seung-Gyu Sim, Tokyo* of The University Sungwan Hong, Criterion Pareto under the The Environment over Conflict Resolving Intergenerational 6.12c Session Issues Environmental University Session Chair : Bo Shen, Wuhan Christian Haefke, New York University, Abu Dhabi* ; Michael Reiter, Institute for Advanced Studies Advanced Institute for Reiter, Abu Dhabi* ; Michael University, New York Christian Haefke, Employment Temporary of Evaluation Equilibrium General The Ohio State University Guanyi Yang, Real Consequences Dynamics: Financial Causes, Labour Reallocation and Productivity Bank for International Settlements* ; ; Enisse Kharroubi, Claudio Borio, Bank for International Settlements Bank for International Settlements Zampolli, for International Settlements ; Fabrizio Bank Christian Upper, The Consumption Response to Minimum Wages: Evidence from Chinese Households Chinese Households from Evidence Minimum Wages: The Consumption Response to ; Swiss Finance Institute of Geneva, Hau, University of Lausanne* ; Harald UNIL - University Ernest Dautovic, Yi Huang, HEDI-Geneva the Vacancy Long Live Tin Cheuk Leung, Wake Forest University Forest Tin Cheuk Leung, Wake 6.11c Session Frictions Labor Market Bank for International Settlements Session Chair : Enisse Kharroubi, How Do We Pay under Evolving Retail Payment Technology? Evidence from Japan from Evidence Technology? Retail Payment under Evolving Pay How Do We Associates Charles River Tanaka, ; Migiwa Chuo University* Fujiki, Hiroshi Study of Online Consumer Reviews Discontinuity Stars: A Regression vs. Scores of Florida* University Wang, Wenche ; University Li, Shenzhen Fan on E-Book Readers of Digital Rights Management Quantifying the Impacts 6.10c Session of Technology II - Impact Microeconomics Applied University Forest Wake Tin Cheuk Leung, : Session Chair Corruption, Transfer Pollution and Technology ; University* ; Bo Shen, Wuhan of Singapore National University Ko, Chiu Yu of Singapore Zhang, National University Xuyao Ji Qi, Chinese Academy for Environmental Planning ; Ji Qi, Chinese Academy for Environmental University* ; Xican Xi, Fudan University International Monetary Wuhan Fund, Tang, Xin

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 72 * Presenter Junmin Wan, Fukuoka University LoansandHousing PricesinChina Non-Performing Romanos Priftis,European Commission;MichaelRousakis,University ofOxford* Deposit FlightandCapital Controls: A Tale from Greece Hiroshi Gunji,Daito BunkaUniversity Evidence from aRegression DiscontinuityDesign Did theBOJ’s Negative Interest RatePolicy Increase BankLending? Vincenzo Quadrini,University ofSouthernCalifornia Alessandro Barattieri, ESGUQAM*;Laura CollegioCarloAlberto, Moretti, Central Bankof Ireland ; Banks Interconnectivity andLeverage Session Chair:JunminWan, Fukuoka University Topics inBanking Session 6.15c Qi Xu, ZhejiangUniversity* Ingmar Nolte,LancasterUniversity ;MichalisVasios, BankofEngland;Valeri Voev, LEGOSystemA/S; Non-synchronous Trading A LeastSquares Regression Realized Covariation EstimationunderMMSNoiseand Francois Guay, Cornerstone Research ;Gustavo Schwenkler, Boston University* Efficient Parameter EstimationforMultivariate Jump-Diffusions Yoann Potiron, Keio University Efficient Asymptotic Variance ReductionWhenEstimating Volatility inHigh Frequency Data Huanhuan Zheng, The ChineseUniversity ofHongKong Zhentao Shi, The ChineseUniversity ofHongKong* ; Identification andEstimationofanAssetPricingModelwithInformation-DrivenHeterogeneity Session Chair:QiXu, ZhejiangUniversity Econometrics inFinance Session 6.14c Kunfu Zhu,University ofInternationalBusinessandEconomics Xinding Yu, University ofInternationalBusinessandEconomics ; Shang-Jin Wei, ColumbiaUniversity, NBER; Zhi Wang, George MasonUniversity, University ofInternationalBusinessandEconomics* ; Characterizing GlobalValue Chains Kunfu Zhu,University ofInternationalBusinessandEconomics Xinding Yu, University ofInternationalBusinessandEconomics* ; Shang-Jin Wei, ColumbiaUniversity, NBER; Zhi Wang, Goerge MasonUniversity, University ofInternationalBusinessandEconomics ; Global Value andRecentGlobalBusinessCycle ChainParticipation Mengxiao Liu,Syracuse University Global SupplyChainswithoutPrincipals Shajuan Zhang,Yokohama NationalUniversity* Kiyotaka Sato, Yokohama NationalUniversity, Edith CowanUniversity ; Exchange RateVolatility, andGlobalValue Chains Exports Session Chair:ZhiWang, George MasonUniversity, University ofInternationalBusinessandEconomics Global Value Chain Session 6.13c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50 Venue 504,5/F :YIA Venue 503,5/F :YIA Venue 502,5/F :YIA

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Venue : YIA 506, 5/F Venue : YIA 507, 5/F Venue Venue : YIA 505, 5/F Venue Time : 15:10-16:50 Time : 15:10-16:50 Time : 15:10-16:50 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 * Presenter Berrak Bahadir, Özyeğin University ; Inci Gumus, Sabanci University* ; Inci Gumus, University Özyeğin Bahadir, Berrak Credit Trade Fluctuations and the Role of Aggregate Lin Shao, Bank of Canada Firm Entry, Search and Matching in a Small Open Economy Faced with Uncertainty Faced and Matching in a Small Open Economy Shocks: Search Firm Entry, The Case of Korea of Cergy University Thepthida Sopraseuth, ; of Cergy-Pontoise* Samil Oh, ESSEC, University Markets: Shocks in Emerging of Household and Business Credit Transmission Uncertainty, Investment and Firm Entry Investment Uncertainty, Session Chair : Lin Shao, Bank of Canada Uncertainty Goods of Investment Price Shocks and the Relative University Hwan Kim, Yonsei ; Kwang University* Waseda Munechika Katayama, The Role of Real Estate Repeated Games with General Time Preference Repeated Games with General University* Yonsei of California Los Angeles ; Jaeok Park, University Obara, Ichiro 6.18c Session On Pure Strategy Subgame Perfect Nash Equilibria in Finitely Repeated Games Nash Equilibria Subgame Perfect Strategy On Pure of Bielefeld Jouatsa, University Ghislain Herman Demeze Equilibrium in Sequential Games and Self-Confirming Attitudes Ambiguity ; Pierpaolo Battigalli, Bocconi University ; Higher School of Economics* University National Research Emiliano Catonini, Bocconi Marinacci, Università ; Massimo Giacomo Lanzani, Bocconi University Repeated Games and Sequential Games Repeated University Yonsei Session Chair : Jaeok Park, and Optional Monitoring Finitely Repeated Games with Automatic University* Sekiguchi, Kyoto Tadashi ; University Kobe Miyahara, Yasuyuki Yongzhi Sun, Texas A&M University* ; Naibao Zhao, Texas A&M University Texas ; Naibao Zhao, A&M University* Texas Sun, Yongzhi in China and the Household Saving Marriage Squeeze of Finance and Economics Guangyu Nie, Shanghai University 6.17c Session Keeping up with the Zhangs and House Price Dynamics in China up with the Zhangs and House Price Keeping of Finance and Economics* University Southwestern Peng, Tao ; State University Raoul Minetti, Michigan China Puzzle in Saving Earnings and the Household Cycle Life One-Child Policy, of Wisconsin-Madison University ; Zhewen Xu, of Singapore* Huang, National University Angela Kui Rate Household Saving Aggregate and China’s Constraints, Liquidity Income Inequality, 6.16c Session Saving China’s and Economics of Finance Nie, Shanghai University Session Chair : Guangyu

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 74 * Presenter Shu-Hua Chen,National Taipei University ;Jang-TingGuo,University ofCalifornia,Riverside* Progressive Taxation asanAutomatic Destabilizer underEndogenousGrowth Keisuke Otsu,Keio University* ;KatsuyukiShibayama, University ofKent Population Aging,Government Policy and thePostwar JapaneseEconomy Shutao Cao,Victoria University ofWellington Sector-Specific Technological ChangeandRelative Pricesof Trade Accounting forProductivity Growth inaSmallOpen Economy: Daishoku Kanehara, Kyoto University R&D Cycle inaFully-Endogenous Growth ModelwithPopulation Growth Session Chair:Jang-TingGuo,University ofCalifornia, Riverside Growth Policy and Public Session 6.21c Jessica Leight,WilliamsCollege;DiegoRestuccia,University of Toronto Tasso Adamopoulos,York University* ;Loren Brandt, University of Toronto ; Misallocation, SelectionandProductivity: AQuantitative Analysis withPanel Datafrom China Tiefeng Qian,Central University ofFinanceandEconomy Skill-Biased Technological ChangeasaCauseofinRegionalConvergence Yanran Guo,OsakaUniversity andEvidenceTheory Re-examining FDIHorizontal Spillover Effects onProductivity GainofDeveloping Countries: Session Chair: Tasso Adamopoulos,York University Technological ChangeandEconomic Growth Session 6.20c Zhiming Fu, SichuanUniversity Credit Rationing,Uninsured Idiosyncratic RisksandAggregate Savings Weiye Chen,OsakaUniversity Optimal MechanismDesignwithResale:aModelofExAnte PriceDefault Yingnan Zhao,University ofZurich Bank LendingandFirmDynamicsinGeneral Equilibrium Session Chair:ZhimingFu, SichuanUniversity Lending, Rationing, andMechanisms Session 6.19c Date: 4June2017 Date: 4June2017 Date: 4June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50

Venue 510,5/F :YIA Venue 509,5/F :YIA Venue 508,5/F :YIA

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Date: 4 June 2017 Date: 4 June 2017 Date: 4 June 2017 Date: 4 June * Presenter Andrew Chesher, University College London* ; Adam Rosen, Duke University College London* ; Adam Rosen, Duke University Chesher, Andrew Models with Heterogeneity Incomplete English Auction University* College London ; Adam Rosen, Duke University Chesher, Andrew Le-Yu Chen, Academia Sinica* ; Sokbae Lee, Columbia University Le-Yu and Uniform Confidence Bands for Conditional Method for Constructing Pointwise A Bootstrap Quantile Functions NorthwesternJoel Horowitz, University Models Instrumental Variable Generalized 6.24i Session in Microeconometrics Advances and Chair : Simon Lee, Columbia University Session Organizer Best Subset Binary Prediction The Impact of Corporate Taxes on Firm Innovation: on Firm Innovation: Taxes The Impact of Corporate Collecting Reform in China Tax Corporate from Evidence of Michigan* University Wang, ; Xuan University Chen, Peking of MarylandJing Cai, University ; Yuyu Hang Yu, University of Michigan University Hang Yu, of Chinese Business Groups The Anatomy University ; Xiaobo Zhang, Peking University ; Ruochen Dai, Peking Toronto* of University Brandt, Loren Quality Learning Dynamics and Managerial College* ; Nyshadham, Boston of Michigan ; Anant Achyuta Adhvaryu, University of Southern California, Banco de la República de Colombia University Tamayo, Jorge Firm Growth in Developing Countries Countries in Developing Firm Growth of MarylandUniversity and Chair : Jing Cai, Session Organizer for Firms - Connections of Political The Value Tanyasorn Ekapirak, National Graduate Institute for Policy Studies ; Institute for Policy National Graduate Ekapirak, Tanyasorn Studies ; Institute for Policy Minchung Hsu, National Graduate Academia Sinica* of Economics, Liao, Institute Pei-Ju 6.23i Session in China Outside Directors the Case of Government-Official Benefits of Borrowing Constraints in an Endogenous Growth Model Growth in an Endogenous Constraints Benefits of Borrowing University Kagawa Miyazaki, Koichi and Fertility Difference Transition Demographic Change, Structural in St. Louis University Cheung, Washington Terry T. Economies in Developing Policy and Population Taxation Aging, Demography and Development Demography Academia Sinica of Economics, Liao, Institute Session Chair : Pei-Ju Change and Labor Mobility Demographic Dortmund Universität Technische Marius Bickmann, Session 6.22c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 76 * Presenter Yuqing Hu,University ofSouthernCalifornia Interaction ofEarlyAdmissionandCentralized CollegeAdmissioninChina From Sequentialto Parallel Mechanism: Li Chen,University ofGothenburg* ;JuanPereyra, Université libre deBruxelles Time-constrained SchoolChoice Soohyung Lee,University of Maryland Endogenous Market Formation: andEvidenceTheory from ChileanCollegeAdmissions Kentaro Tomoeda, University of Technology Sydney Finding aStableMatchingunder Type-specific MinimumQuotas Session Organizer andChair:Fuhito Kojima, Stanford University Matching Theory andMarket-Design Applications Session 6.27i Chung-Ming Kuan, National Taiwan University* ;Yu-Lieh Huang,National Tsing HuaUniversity Prediction withFEDMinutes Yutang Shi, Texas A&MUniversity Jushan Bai,ColumbiaUniversity* ;Xu Han,CityUniversity ofHongKong ; Estimation andInference ofStructural ChangesinHighDimensionalFactor Models Ying Wei, MailmanSchoolofPublicHealthColumbiaUniversity Denis Chetverikov, University ofCaliforniaLosAngeles; Alexandre Belloni,Duke University* ;Victor Chernozhukov, MassachusettsInstituteof Technology ; Z-Estimation Framework Uniformly Valid Post-Regularization ConfidenceRegionsforMany Functional Parameters in Stefano Giglio, The University ofChicago;DachengXiu, The University ofChicago* Inference onRiskPremia inthePresence ofOmittedFactors Session Organizer andChair:JianqingFan, Princeton University Big Data Econometrics Session 6.26i Jie Luo, Tsinghua University* ;ChengWang, Fudan University China’s FinancialSysteminEquilibrium Zhishu Yang, Tsinghua University Viral NewYork Acharya, University SternSchoolofBusiness;JunQian,ShanghaiJiao Tong University* ; In theShadowofBanks:Wealth ManagementProducts andIssuingBanks’RiskinChina Ji Huang,NationalUniversity ofSingapore A Tale of Two ItemsSentOffBalanceSheet:SecuritizationandLoanCommitment Session Organizer andChair:ChengWang, Fudan University Financial Systems Session 6.25i Date: 4June2017 Date: 4June2017 Date: 4June2017

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Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 * Presenter Johann Caro-Burnett, Hiroshima University Hiroshima Johann Caro-Burnett, Similarity and Value of Information of Similarity and Value of Sydney University Lily Ling Yang, Coarse Communication and Institution Design of Hong Kong The Chinese University Qinggong Wu, UN the to with an Application Rules for International Organizations, Optimal Voting Polarization and Issue-Selection in Electoral Campaigns and Issue-Selection in Electoral Polarization University* New York ; Xiaochen Fan, University New York Tiberiu Dragu, Jaesun Lee, Tongji University Tongji Jaesun Lee, in China Reduction Policy the Workweek from Evidence Spousal Labor Supplies Substitutes? Are Binzhen Wu, Tsinghua University Tsinghua Binzhen Wu, a Job: Wingman Could Help Land You Your the Call-Back Probability Affects How Beauty Composition of Applicants of Hannover* Leibniz University ; Alexander Straub, of Aberdeen University Leckcivilize, Attakrit and Emotionally? Economically People How Does Competition Affect 7.2c Session II Economics Family University Tsinghua Session Chair : Xinzheng Shi, Time Use Survey Chinese from Time? Evidence Their How Do Chinese Spend Structural Change and Skill Premium in a Quantitative Model of Trade Trade Model of in a Quantitative Change and Skill Premium Structural of Maryland, University College Park Xu, Yang with Endogenous Policies of Skilled Workers International Migration of Cyprus* institute ; Michael Michael, University Slobodan Djajic, Graduate Hollowing out the Middle Class: Trade Liberalization and Labor Market Polarization in China Polarization and Labor Market Liberalization Trade Middle Class: Hollowing out the of California, Davis University Mingzhi Xu, Theory and Evidence Equilibrium: in General Minimum Wages and Trade ; of New South Wales ; Arpita Chatterjee, University University* Bai, Brock Xue University Tsinghua ; Hong Ma, State University The Pennsylvania Kala Krishna, 7.1c Session Market and Labor Trade International of Cyprus Michael, University Session Chair : Michael Information and Collective Decision Making and Collective Information University Hiroshima Session Chair : Johann Caro-Burnett, Yueyuan Ma, University of Pennsylvania ; Xinzheng Shi, Tsinghua University* Tsinghua ; Xinzheng Shi, of Pennsylvania Ma, University Yueyuan 7.3c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 78 Daniel Marszalec, The University of Tokyo Don’t Fear theSimplicity -An ExperimentalAnalysis ofAuctions forComplements Ning Sun,ShanghaiUniversity ofFinanceandEconomics Dazhong Wang, SunYat-sen University* ;RukaiGong,DonghuaUniversity ; Optimal Shill-Bid-Proof General Vickrey Trading Mechanism Yunkyeong Seo,Korea Advanced InstituteofScienceand Technology Younghwan In,Korea Advanced InstituteofScienceand Technology* ; for SitingNoxiousA Budget-Balanced Mechanism Facilitieswith Identity-Dependent Externalities Charles Noussair, University ofArizona ;GyulaSeres, HumboldtUniversity, Tilburg University* The Effect ofCollusiononEfficiency inExperimental Auctions Session Chair:DanielMarszalec, The University of Tokyo Auctions andMechanismsII Session 7.6c Andreas Dzemski, University ofGothenburg ;Ryo Okui,NewYork University Shanghai* Confidence SetforGroup Membership Krishna Pendakur, SimonFraser University Geoffrey Dunbar, Lewbel,Boston College*; BankofCanada;Arthur Identification ofRandomResource Shares inCollective HouseholdDemandSystems Yu-Chin Hsu,AcademiaSinica;Ji-LiangShiu,JinanUniversity* Internally ConsistentEstimationofNonlinearPanel DataModelswithCorrelated RandomEffects Frank Windmeijer, University ofBristol Data Models A SimpleUnderidentification Test forLinearIVModels,withan Application to Dynamic Panel Session Organizer andChair: Tong Li,Vanderbilt University Panel Data andMultiple Equation Models Session 7.5i Jorge Tamayo, University ofSouthernCalifornia,BancodelaRepublicaColombia Kenneth Chuk,University ofSouthernCalifornia*; The Exclusive Non-Exclusive Two SidedMarkets Keke Sun,CatholicUniversity ofChile,MIPP Bundling, ConsumerHeterogeneity, andPlatformCompetition Ming Gao, Tsinghua University* ; Travis Ng, The ChineseUniversity ofHongKong Non-Price Discriminationby aPrejudiced Platform Session Chair:C.MatthewShi, The ChineseUniversity ofHongKong Platforms Session 7.4c Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue 406,4/F :YIA Venue 405,4/F :YIA Venue 404,4/F :YIA

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Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 * Presenter Investing in Trading Opportunities Selection in Dynamic Adverse Trading in Investing National University Sander Heinsalu, Australian Monotonic Talk Cheap University Simon Fraser Shih En Lu, 7.9c Session Signaling University Simon Fraser Session Chair : Shih En Lu, Games in Experimental Cheap-Talk and Credibility Meaning, Its Evolution, Technology of Science and University The Hong Kong Lim, ; Wooyoung Ernest Lai, Lehigh University* A Partially Parametric Model A Partially Parametric of Miami University Parmeter, ; Christopher of Alabama* Daniel Henderson, University To Lie or Not to Lie: Survey Mode Effects on the Validity of Self-Reported on the Validity Substance Use Data Mode Effects Lie: Survey Lie or Not to To ; Sydney* Technology of University ; Mengxi Zhang, Sydney Technology of University Bin Peng, of Exeter Xiaohui Zhang, University Systems Triangular Estimation of a Partially in Linear Regression Institute ; Research Policy Xin Geng, International Food University Virginia West Yao, Carlos Martins-Filho, Boulder* ; Feng of Colorado, University Session Chair : Daniel Henderson, University of Alabama Session Chair : Daniel Henderson, University Thresholds: Response Models with Unobserved Correlated Ordered - New Brunswick ; ; Yixiao Jiang, Rutgers University Gu, Rutgers University* Zhutong - New Brunswick Rutgers University Yang, Shuyang Option Prices and Costly Short-Selling Business School Basak, London ; Suleyman University* Purdue Adem Atmaz, 7.8c Session Econometrics Nonparametric Bias Overrating in Assessing Bond Application An Will Yield Factors Tell More? More? Tell Will Yield Factors Volatility Stochastic Affine HJM Model with Unspanned A Generalized University Johnson and Wales Qingbin Wang, Identification CDS under Weak from Default Estimating Loss Given Reserve of Boston Bank Lily Liu, Federal 7.7c Session Pricing Asset University Purdue Atmaz, Session Chair : Adem

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 80 Urvi Neelakantan,FederalUrvi BankofRichmond ;Ivan Reserve Vidangos,Federal Board Reserve Athreya,Kartik Federal BankofRichmond;Felicia Reserve Ionescu,Federal Board* Reserve ; andtheSources ofLifetimeInvestment Inequality Opportunities Seik Kim,Korea University Private Tutoring, StudyingAlone, andLaborMarket Performance Young-Joo Kim,HongikUniversity Born to Order beMore andSchooling Educated? Birth Luca Facchinello, Singapore Management University The ImpactofEarlyGrading onAcademicChoices:Mechanisms andSocialImplications Session Chair:Felicia Ionescu,Federal Board Reserve Education II Session 7.12c Hongbin Li,Stanford University ;LingshengMeng, Tsinghua University* Scarring Effects ofDeprived College Education duringChina’s Cultural Revolution Hee-Seung Yang, MonashUniversity Bin Jiang,MonashUniversity ;JunSungKim,MonashUniversity* ;ChuhuiLi,MonashUniversity ; Post-Lasso IVEstimationofReturnsto Women’s Education Sophie van Huellen,SOAS, University ofLondon*;DuoQin, SOAS, University ofLondon SchoolingandtheReturnstoCompulsory Education: aRe-Examination Haoming Liu,NationalUniversity ofSingapore ;SongtaoYang, SouthChinaUniversity of Technology* The RelationshipbetweenFemale Education andMarriageOutcomes Session Chair:LingshengMeng, Tsinghua University Education Economics II Session 7.11c Ping Yu, The University ofHongKong Testing Conditional RankSimilaritywithandwithoutCovariates Han Hong,Stanford University ;JessieLi,University ofCalifornia,SantaCruz* The NumericalDeltaMethodandBootstrap Wenjie Wang, Hiroshima University Rubin Test On Bootstrap InconsistencyandBonferroni-Based Size-Correction fortheSubsetAnderson- Session Chair:PingYu, The University ofHongKong Bootstrap andTesting Session 7.10c Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue 501,5/F :YIA Venue 411,4/F :YIA Venue 410,4/F :YIA

PM AM PM AM PM AM 81 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 504, 5/F Venue Venue : YIA 503, 5/F Venue Venue : YIA 502, 5/F Venue Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June * Presenter The Effects of Skill-Biased Partial Outcomes The Effects Labor Reforms on the Macroeconomic of Japan Lin, International University Chingyang the Cleansing Hypothesis Testing Depression: The Great Job Reallocation during Institute Development Lee, Korea Changkeun Employment, Wages and Optimal Monetary Policy Wages Employment, of Singapore* ; Junzhu Zhao, National University Reserve Board Martin Bodenstein, Federal Uncertainty Participation and Labor Force de La Réunion Université Idriss Fontaine, Paolo Epifani, University of Nottingham* ; Gino Gancia, Universitat Pompeu Fabra Pompeu of Nottingham* ; Gino Gancia, Universitat Epifani, University Paolo 7.15c Session II Labor Macro Institute Development Lee, Korea Session Chair : Changkeun On Emergence and Persistency of Unequal Exchange Free Trade Equilibria in the Pre-Industrial in the Pre-Industrial Equilibria Trade Free of Unequal Exchange and Persistency On Emergence Economy Capitalist World of Massachusetts at Amherst University ; Naoki Yoshihara, University* Soh Kaneko, Keio Global Imbalances Revisited: Costs in Monopolistic Competition Transport and Problem Transfer The Macroeconomic Implications of Learning and Financial Frictions in Interdependent Economies Economies in Interdependent of Learning and Financial Frictions Implications Macroeconomic 1, CEPREMAP of Pairs Iliopulos, PSE, University ; Eleni ; of Cergy* University Thepthida Sopraseuth, CEPREMAP Erica Perego, Shifts and the Global Imbalances Sectoral Trade-Driven of Auckland Haiping Zhang, University 7.14c Session II Trade International of Nottingham Epifani, University Session Chair : Paolo Reduced Rank Regression in Large Var Models Var Large in Reduced Rank Regression of Queensland The University Strachan, of Queensland* ; Rodney The University Trinh, D.T. Kelly Multiple Bad Outputs: with Estimation of Productivity Generalized The Importance Materials Balance Constraints of Lancaster University Tsionas, ; Mike of Georgia* University Scott Atkinson, Bayesian Analysis Bayesian of Georgia University Atkinson, Session Chair : Scott Models in Ordinal Quantile Regression Flexible Bayesian Kanpur Technology Rahman, Indian Institute of Mohammad Arshad 7.13c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 82 Daniel YiXu, Duke University Luis Cabral, NewYork University ;ZhuWang, Federal BankofRichmond* ; Reserve Explaining RegionalAgglomeration intheU.S.Auto Industry Competitors, Complementors, Parents andPlaces: Chunan Wang, Toulouse SchoolofEconomics, French CivilAviation University (ENAC) Congestion Delays, Horizontal Product Differentiation andAirlineNetworks Tomohiro Machikita,InstituteofDeveloping Economies (IDE-JETRO) Cases ofMotorcycle Markets inIndonesiaandVietNam Estimating Competitive Advantages andPositioning: James E.Wilen,University ofCalifornia,Davis Erich Muehlegger, University ofCalifornia,Davis ;Yunshi Wang, University ofCaliforniaatDavis ; Yuan Chen,University ofCalifornia,Davis* ;C.Y. CynthiaLinLawell,University ofCalifornia,Davis ; Modeling SupplyandDemandintheChineseAutomobile Industry Session Chair:ZhuWang, Federal BankofRichmond Reserve Automobiles andAirlines Session 7.18c Viacheslav Sheremirov, Federal BankofBoston Reserve Wataru Miyamoto, BankofCanada*; Thuy LanNguyen, SantaClara University ; Evidence from SpendingPanel Data Military The Effects ofGovernment SpendingonRealExchange Rates: Shouyang Wang, InstituteofSystemsScience,AcademyMathematics andSystemsScience Naijing Huang,Central University ofFinanceandEconomics* ; Chinese Renminbi:ACopula-Garch Approach The DynamicConditionalDependencybetweentheExchange RatesofEuropean Countriesand Colin Caines,Federal Lahiri,University ofBritishColumbia Board* Reserve ;Amartya Explaining World Savings Session Chair:Wataru Miyamoto, BankofCanada Topics inGlobalEconomy Session 7.17c Olivier Bochet,NewYork University, AbuDhabi Prevalence of Truthtelling andImplementation Mehmet Barlo,SabanciUniversity ;NuhAygun Dalkiran, Bilkent University* Behavioral ImplementationunderIncompleteInformation Ritesh Jain, The OhioStateUniversity Rationalizable ImplementationofSocialChoiceCorrespondences Michele Lombardi, University ofGlasgow Temporary Implementation Session Chair:OlivierBochet,NewYork University, AbuDhabi Implementation Session 7.16c Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10

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Time : 8:30-10:10 Time : 8:30-10:10 Time : 8:30-10:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June * Presenter How Do Providers Respond to Health Insurance Expansion? Health Insurance Respond to How Do Providers and Policy for Health Economics Institute Takaku, Reo Pension in Pay-As-You-Go Fertility Incentive Investment and Education Gakuin University Kwansei Yasuoka, Masaya Health and Aging Gakuin University Kwansei Yasuoka, Session Chair : Masaya Accounts and Medical Expenses under the Scheme of Health Savings Heterogeneity Preference of Finance and Economics Tianxu Chen, Shanghai University Clinics in Japan Pediatric from Evidence Alina Arefeva, Johns Hopkins Carey Business School Johns Hopkins Carey Alina Arefeva, Liquidity Shortage Approach and Financial Crisis: A Differential Reserve Bank of St. Louis Federal ; Yi Wen, University* Tong Dong, Shanghai Jiao Feng 7.21c Session Interest Rates and Housing Market Dynamics in a Housing Search Model in a Housing Search Dynamics Rates and Housing Market Interest of California, Los Angeles* University Kung, ; Edward Reserve Board Federal Elliot Anenberg, A Case for Coordination Economies: Market among Emerging Asset Accumulation Foreign Bloomington ; Hewei Shen, Indiana University Hao Jin, Xiamen University* House-Price Fluctuations Amplify How Auctions 7.20c Session Market and Housing Asset University Tong Dong, Shanghai Jiao Session Chair : Feng Economic Policy Uncertainty and Peer Effects in Corporate Investment Policy: Policy: Investment in Corporate Uncertainty Policy Economic Effects and Peer China from Evidence ; of Singapore Kang, National University ; Ya University* Hyun Joong Im, Peking University Peking Joon Park, Young Do Firms Care about Investment Opportunities? Evidence from China Opportunities? about Investment from Do Firms Care Evidence University Xiao Zhang, Nankai Disposition Effect of the Experimental Analysis An Optimistic and Stubborn: of Alicante ; University of Alicante* ; Iñigo Iturbe-Ormaetxe, University Carlos Cueva, de Alicante Universidad Tomás, del Análisi ; Josefa Departamento Ponti, de Fundamentos Giovanni Corporate Finance Corporate University Joong Im, Peking Session Chair : Hyun Bubble? Market Theory Stock Explain Chinese Fool Can the Greater Rutgers University Zou, Xuan 7.19c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 84 Cathy Zhang, Krannert SchoolofManagement Cathy Zhang,Krannert ;RussellWong,Guillaume Rocheteau,University ofCalifornia,Irvine Federal BankofRichmond*; Reserve Policy Lending Relationships,Banking Crises,andOptimalMonetary Ricardo Lagos,NewYork University ;ShengxingZhang, The LondonSchoolofEconomics* Leveraged AssetPricingand Turnover Liquidity Chien-Chiang Wang, Washington University inSt.Louis Quantitative Easing,FinancialMarket Frictions, andtheLiquidity ofYieldCurves Theory Session Organizer andChair:RussellWong, Federal BankofRichmond Reserve Liquidity andCredit Session 7.24i Kjetil Storesletten, University ofOslo Loren Brandt, University of Toronto* ;Gueorgui Kambourov, University of Toronto ; Barriers to andRegionalEconomic Growth Entry inChina Zhiwei Xu, ShanghaiJiao Tong University Pengfei Wang, The HongKong University of Science and Technology* ; Zheng Liu,Federal BankofSanFrancisco Reserve ; Interest RateLiberalization andCapitalAllocation Jing Wu, Tsinghua University Brent Ambrose, The Pennsylvania StateUniversity ;Yongheng Deng,NationalUniversity ofSingapore* ; Markets Understanding theRiskofChina’s LocalGovernment DebtsandItsLinkagewithProperty Lisheng Wang, The ChineseUniversity ofHongKong* ;HaoZhou, Tsinghua University Hao Wang, Tsinghua University ;HonglinWang, HongKong Authority ; Monetary Shadow Banking:China’s Dual-Track Interest RateLiberalization Session Organizer andChair:ZhengLiu,Federal BankofSanFrancisco Reserve China’s Macroeconomic Policy Session 7.23i Travis Ng, The ChineseUniversity ofHongKong* Tat-kei Lai,IÉSEGSchoolofManagement;YiLu, NationalUniversity ofSingapore ; CompetitionandWorkplace InjuriesinU.S.ManufacturingIndustries Import Kyle Bagwell, Stanford University* ;SeungHoonLee,Georgia Instituteof Technology Trade Policy underMonopolisticCompetitionwithFirmSelection Alejandro Graziano, Inter-AmericanDevelopment ;ChristianVolpe University Bank ofMaryland Martincus, Georg Schaur, University of Tennessee* ;Jerónimo Carballo,University ofColorado ; Border Times Endogenous Session Organizer andChair: Travis Ng, The ChineseUniversity ofHongKong Trade liberalization &FTA CUHK APEC Study Center Sponsored Session: Session 7.22i Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :8:30-10:10 Time :8:30-10:10 Time :8:30-10:10 Venue LT6, :YIA 2/F Venue LT3, :YIA G/F Venue LT2, :YIA G/F

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* Presenter Non-Balanced Endogenous Growth and Structural Change: and Structural Non-Balanced Endogenous Growth When Romer Meets Kaldor and Kuznets University Kobe Kazuo Nishimura, Monetary Rules in a Two-Sector Endogenous Growth Model with Cash-in-Advance Constraint Model with Cash-in-Advance Endogenous Growth Two-Sector Monetary Rules in a Le Riche, Sichuan University Antoine and Bubbles: Growth and the Cost of Rearing Children Investment between Productive The Interplay ; de Barcelona CREB, Universitat Economica, Raurich, DepartamentTeoria Xavier de Marseille, AMSE* CNRS, EHESS, Centrale Aix-Marseille University, Thomas Seegmuller, Session Organizer and Chair : Kazuo Nishimura, Kobe University University Kobe and Chair : Kazuo Nishimura, Session Organizer Systems: and Four-Dimensional Three of Study Local Bifurcations A Simple Method to Applications and Economic Characterizations of Lorraine University Desmarchelier, ; David of Evry* Stefano Bosi, University 7.26i Session Models Equilibrium Intertemporal Nonlinear Dynamics in Hongsong Zhang, The University of Hong Kong The University Hongsong Zhang, in the United States Trade Fluctuations and Interstate Housing Market of Hong Kong* The Chinese University ; Jing Zhao, of Hong Kong Chinese University The Liugang Sheng, and FDI Trade on of Attitudes My Dog: Effects Me, Love Love ; of Finance and Economics University ; Xiaohua Bao, Shanghai of Hong Kong* University The Larry Qiu, ; of International Business and Economics Qing Liu, University Institute Research Strategy Damin Zhu, Shanghai Development Session Organizer and Chair : Larry Qiu, The University of Hong Kong The University Larry and Chair : Qiu, Session Organizer Dispute the China-Japan Island from Evidence Investment: Uncertainty Direct Policy and Foreign of Hong Kong The University Cheng Chen, and ExportCompetitiveness Firms in the Global Market Expansion of Chinese 7.25i Session III Trade International

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 86 Nuwat Nookhwun, University ofOxford, Bankof Thailand* ;Dimitrios Tsomocos, University ofOxford Financial Regulation Bank Risk-Taking in theDSGEModelwithHeterogeneous Firms,Endogenous Defaultand Ryan Kim,Columbia University Micro-Level Evidence andAggregate Implications Inflation, Inventory, andCredit Market Disruptions: Xin Xue, University ofVirginia Evidence from Peer-to-peer LendingPlatforms Competition,Information AcquisitionandMoralFinancial Intermediary Hazard: Viet Nguyen, University ofMelbourne Matthew Greenwood-Nimmo, University ofMelbourne*;JingongHuang,University ofMelbourne; Financial Sector Bailouts,Sovereign Bailoutsandthe Transfer ofCredit Risk Session Chair:Dimitrios Tsomocos, University ofOxford Banking, Credit Allocation inMacroeconomics Session 8.3c University ;JessicaLeight,WilliamsCollege* Northeastern Bilge Erten, The ImpactofWTO Accession onStructural Transformation inChina outofAgriculture: Exporting Meixin Guo, Tsinghua University ;LinLu, Tsinghua University* Trade CostsandIncomeInequalityinChina Stephen Yeaple, Pennsylvania StateUniversity Haichao Fan, Fudan University ;Yao AmberLi, The HongKong University ofScienceand Technology* ; Evidence from China’s Accessionto theWTO On The Relationshipbetween QualityandProductivity: Zhongzhong Hu,University ofInternationalBusinessandEconomics ;KaiLi,XiamenUniversity Zhe Chen,University ofInternationalBusinessandEconomics* ; The ImpactofChina’s Policy onDownstream Industries Rare Earth Session Chair:JessicaLeight,WilliamsCollege China’s International Trade II Session 8.2c KoreaJu HyunPyun, University Ronaldo Carpio,University ofInternational BusinessandEconomics ;MeixinGuo, Tsinghua University* ; Wealth Heterogeneity, InformationAcquisitionandEquity HomeBias Xin Wang, University of Toronto The Cross-Predictability ReturnsinInternationalFinancialMarkets ofIndustry Hongwei Chuang, Tohoku University ;Navruzbek Karamatov, Tohoku University* A NetworkAnalysis ofInternational FinancialFlows Marcin Kolasa, Narodowy BankPolski Equilibrium Foreign Currency Mortgages Session Chair:MeixinGuo, Tsinghua University International FinancialMarkets II Session 8.1c Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10 Venue 403,4/F :YIA Venue 402,4/F :YIA Venue 401,4/F :YIA

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Time : 10:30-12:10 Time :10:30-12:10 Time : 10:30-12:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 * Presenter Specification Tests for the Propensity Score Tests for the Propensity Specification University ; Xiaojun Song, Peking University* Vanderbilt H. C. Sant’Anna, Pedro Tadao Hoshino, Tokyo University of Science University Tokyo Hoshino, Tadao of Self-ReportedThe Effects Health: Dealing with Misclassification Bias of Melbourne ; The University of Melbourne ; Dennis Petrie, The University Philip Clarke, of Melbourne* The University Staub, Kevin Tobit Models With Social Interactions: Complete Vs Incomplete Information Complete Interactions: Models With Social Tobit ; Ohio State University The Lee, ; Lung-fei of Finance and Economics* University Shanghai Chao Yang, University Tong Xi Qu, Shanghai Jiao Simultaneous Binary Choice Models with Social Interactions: Delinquency Youth to Empirical Application An Hsuan-Chih Lin, Academia Sinica 8.6c Session Dependent Variable Limited Microeconometrics: University Vanderbilt H. C. Sant’Anna, Session Chair : Pedro Tak-Yuen Wong, Shanghai University of Finance and Economics* ; of Finance and Economics* University Shanghai Wong, Tak-Yuen at Dallas ; Dirk Hackbarth, University Boston Taxes of University Rivera, Alejandro Treaty Salmon On the Pacific A&M University* Texas Zhang, ; Yuzhe A&M University Texas Shenzhe Jiang, Time Learning In Continuous Two-Sided Non-Stationary 8.5i Session Time in Continuous Contracts of Dynamic Applications Reserve Bank of Richmond Federal and Chair : Russell Wong, Session Organizer Shocks Transitory and and Financing with Permanent Dynamic Contract When Ignorance is Bliss: Theory Learning and Experiment on Collective is Bliss: When Ignorance del los Andes Universidad Guerra, Carlos III de Madrid* ; Jose Universidad Boris Ginzburg, Resale Goods with Learning and Price Dynamics of Durable Bank of Italy Palazzo, ; Francesco of St Andrews* Min Zhang, University Communication and the Emergence of a Unidimensional World of the Emergence Communication and ; University Lancaster Troumpounis, ; Orestis of New South Wales* The University Philippos Louis, of Cyprus University Tsakas, Nikolas Bargaining Collective Communication in Normal University Jidong Chen, Beijing Session 8.4c Session and Communication Learning of St Andrews University Session Chair : Min Zhang,

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 88 Ayako Kondo, The University of Tokyo The Effects ofSupplyChainDisruptionsCausedby onWorkers theGreat EastJapanEarthquake Haeng-Sun Kim,Korea InstituteofLocalFinance;Elisabetta Magnani,MacquarieUniversity* Evidence from JapaneseSubsidiariesinSouthKorea The 2011 Tsunami and AdjustmentalongaGlobalProduction Network: Cynthia Fan Yang, University ofSouthernCalifornia* M. HashemPesaran, University ofSouthernCalifornia, Trinity College,Cambridge; Econometric Analysis ofProduction Networkswith DominantUnits Session Chair:Ayako Kondo, The University of Tokyo Topics inNetwork andSupplyChain Session 8.9c Ge Zhou,ZhejiangUniversity Economy Rational BubblesinaMonetary Jing CynthiaWu, The University ofChicago;Fan Dora Xia,BankforInternationalSettlements* Time-Varying LowerBoundofInterest RatesinEurope Hung-Ju Chen,National Taiwan University Innovation andImitationinaProduct-Cycle ModelwithFDIandCash-In-Advance Constraints Session Chair:GeZhou,ZhejiangUniversity Monetary Economics Session 8.8c Ming Gao, Tsinghua University Multi-Seller MembershipPricing Wenzheng Mao, The University ofHongKong* ; Travis Ng, The ChineseUniversity ofHongKong Resale PriceMaintenancewithoutServices Chao Ma,XiamenUniversity* Interest Discrimination Loan LimitPolicy andMortgage Joana Resende,FEP, ;Rosa-Branca Universidade doPorto* Esteves, Universidade doMinhoandNIPE Competitive Effects ofPersonalized Pricingthrough Targeted Advertising Session Chair:MingGao, Tsinghua University Pricing Session 8.7c Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10

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PM AM PM AM PM AM 89 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 411, 4/F Venue : YIA 501, 5/F Venue Venue : YIA 410, 4/F Venue Time : 10:30-12:10 Time :10:30-12:10 Time : 10:30-12:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June * Presenter Estimation Theory for a Class of Exponential-Type GARCH Models with Risk Premium Theory for a Class of Exponential-Type Estimation Catholique de Louvain* Université Kyriakopoulou, ; Dimitra Catholique de Louvain Université Christian Hafner, Dynamic Quantile Models of Rational Behavior of Iowa University Galvao, of Iowa* ; Antonio University de Castro, Luciano A Unified Approach to Volatility Estimation in the Presence of Both Rounding and Random Market of Both Rounding and Random Market Volatility Estimation in the Presence to Approach A Unified Noise Microstructure ; Technology of Science and University The Hong Kong Yingying Li, Group Technology ; Yichu Li, Investment of Finance and Economics* Zhiyuan Zhang, Shanghai University Session Chair : Luciano de Castro, University of Iowa University de Castro, Session Chair : Luciano of Autoregressive in the Presence of Unknown Frequencies Regressions Trend Trigonometric On Errors ; Tokyo* of The University Shintani, ; Mototsugu University Boston Perron, Pierre University Keio Yabu, Tomoyoshi Shurojit Chatterji, Singapore Management University* ; University* Management Chatterji, Singapore Shurojit Sen University Lingnan College, Sun Yat Huaxia Zeng, 8.12c Session Dynamic Models and Time-Series Tomoya Kazumura, The University of Tokyo* ; Debasis Mishra, Indian Statistical Institute, Delhi ; Indian Statistical Institute, Delhi Mishra, ; Debasis Tokyo* of The University Kazumura, Tomoya Serizawa, Osaka University Shigehiro Binary Choice with Multiple Premises Collective Tokyo of The University Masaki Miyashita, Domains on Multidimensional Random Social Choice Functions Random Assignments on Preference Domains with a Tier Structure Tier Structure Domains with a Random Assignments on Preference University* Lingnan College, Sun Yat-sen ; Huaxia Zeng, Management University Liu, Singapore Peng Object Allocation with Non-quasi-linear in and Strategy-proofness of Equals Treatment Equal Preferences Kang Rong, Shanghai University of Finance and Economics* ; King King Li, City University of Hong Kong ; King King Li, City University of Finance and Economics* Kang Rong, Shanghai University 8.11c Session Distribution and Fair Social Choice Management University Chatterji, Singapore Session Chair : Shurojit Efficiency of Wage Bargaining with On-The-Job Search with On-The-Job Wage Bargaining of Efficiency University Tongji Xiaoming Cai, with Asymmetric Information Divisions in Sequential Bargaining Insisting on Fair University Yilmaz, Koc ; Ozgur Yilmaz, Bogazici University* Murat in Bargaining Arbitration of Final-Offer The Gambling Effect Bargaining Theory Bargaining of Finance and Economics Rong, Shanghai University Session Chair : Kang with Inadequate Information A Solution for Games University The Ohio State ; Lixin Ye, University* Liang Mao, Shenzhen 8.10c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 90 Marko Melolinna,BankofEngland What Drives BusinessInvestment intheUK?Resultsfrom aFirm-Level VAR Approach Kiyotaka Sato, Yokohama NationalUniversity, Edith CowanUniversity Sheue LiOng, Tunku AbdulRahman University College*; Analysis ofCross-Country Spillover by theDynamicFactor Modelwith Time-Varying Parameters What Drives AsianBusinessCycle Synchronization? Peijie Wang, University ofPlymouth A Spectral Analysis ofOutputFluctuationsG7Economies Business Cycle Co-Movement Spectra - Lucas Kyriacou, University ofBern*;Luca Benati,University ofBern Does SentimentMatter? Session Chair:MarkoMelolinna,BankofEngland Business Cycle and Macro Policy I Session 8.15c Eugene Choo,Yale-NUS College inMarriage MatchingModels Identification ofCounterfactuals Yuan Hu, The ChineseUniversity ofHongKong Marriage Squeeze forHighlyEducated Women afterCollegeExpansion Does SexRatioFavor AllWomen inChina? Yan Hu,CEMFI Rushed to theAltar: The Effect ofSocialInteractions onMigrant Workers’ MarriageAge Fang Yang, LouisianaStateUniversity* Margherita Borella, Unversity of Torino ;MariacristinaDeNardi, Federal BankofChicago; Reserve The Aggregate ImplicationsofGenderandMarriage Session Chair:Eugene Choo,Yale-NUS College Gender andMarriage Session 8.14c David Albouy, University ofIllinois*;GabrielEhrlich,University ofMichigan Housing Demand,Cost-of-LivingInequality, andtheAffordability Crisis Masamune Iwasawa, The University of Tokyo* ;Hayato Nakanishi,KanagawaUniversity Preference Parameters before andaftertheGreat EastJapanEarthquake HypotheticalandExperimentalEvidence?Can anEconomic Structural ModelSupport Anne Nolan,ESRI, Trinity CollegeDublin;NeilO’Leary, NationalUniversity ofIreland, Galway Yuanyuan Ma,ZhongnanUniversity ofEconomics andLaw, Trinity ; CollegeDublin,IZA* Financial Incentives andHealthcare UtilisationinanAgeingSociety Raul Santaeulalia-Llopis,MOVE-UAB andBarcelona GSE;Yu Zheng,CityUniversity ofHongKong* Missing ConsumptionInequality:Direct Evidence from IndividualFood Data Session Chair:David Albouy, University ofIllinois Consumption andInsurance Session 8.13c Date: 5June2017 Date: 5June2017 Date: 5June2017

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Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June

* Presenter A Model of Endogenous Apportionment University Kikuchi, Waseda Kazuya and Exchange Endowments, Exclusion, University* Harvard of Melbourne ; Maciej Kotowski, The University Balbuzanov, Ivan Equilibrium Characterization of Repeated Games with Private Monitoring of Repeated Games with Private Characterization Equilibrium Lei Gao, Shandong University Partially-Honest Characterization Nash Implementation: A Full at Amherst* of Massachusetts University of Glasgow ; Naoki Yoshihara, University Michele Lombardi, Been-Lon Chen, Academia Sinica* ; Fei-Chi Liang, National Taiwan University Taiwan Liang, National Been-Lon Chen, Academia Sinica* ; Fei-Chi 8.18c Session III Theory in Economic Topics University Harvard Session Chair : Maciej Kotowski, Sebastian Wende, Australian National University* ; Chung Tran, Australian National University Australian Tran, ; Chung National University* Australian Sebastian Wende, of Gender and Skill Hours - the Role and Market Taxes ; The London School of Economics Ngai, ; Rachel Reserve Bank of Atlanta* Federal Lei Fang, Robert of Cyprus Hernandez, Unversity Duval Cycle the Life over Taxes Human Capital and Optimal Income Inequality and the Size of Government of Government Inequality and the Size ; of York University Pickering, ; Andrew of York* The University Luo, Weijie of York University Monteiro, Santos Paulo Model Generations in an Overlapping Taxation of Burden On the Excess Feng Dong, Shanghai Jiao Tong University* ; Yi Lu, National University of Singapore National University ; Yi Lu, University* Tong Jiao Dong, Shanghai Feng 8.17c Session Policy Inequality and Tax Sinica Session Chair : Been-Lon Chen, Academia Fluctuating like China: Structural Change and Labor Reallocation in a Lewis Economy Change China: Structural Fluctuating like Univerity Zilibotti, Yale ; Fabrizio University* Peking of Oslo ; Bo Zhao, University Kjetil Storesletten, Growth Economic and China’s in a Verticalmarket Deregulation of Connecticut ; Kai Zhao, University Zhejiang University Kai Xu, ; Zhejiang University* Shiyuan Pan, with Financial Frictions Policies Trade Optimal Deregulation, Industry Policy and Economic Development Economic and Policy Industry Deregulation, of Singapore National University Chair : Yi Lu, and Session Organizer and Capital Mis-allocation in China Industrial Subsidy Management University Singapore Jianhuan Xu, Session 8.16i Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 92 Applied MicroeconomicsIII-Financial Service Session 8.21c Sergei Kovbasyuk,EinaudiInstituteforEconomicsandFinance Seller-Paid Ratings Carlos Slawson,LouisianaStateUniversity Donald Keenan,UniversitedeCergy-Pontoise;MilimKim, Andreas Heinen,UniversitedeCergy-Pontoise*;JamesKau,UniversityofGeorgia Contagion inSubprimeMortgageDefaults:ACompositeLikelihoodCopulaApproach Yuri Kaniovski,FreeUniversityofBozen-Bolzano* Serguei Kaniovski,AustrianInstituteforEconomicResearch Dmitri Boreiko,FreeUniversityofBozen-Bolzano Business CyclesandConditionalCredit-RatingMigrationMatrices Yixiao Jiang,RutgersUniversityNewBrunswick Evidence fromaSemiparametricOrderedModelwithMarginalEffectsAnalysis Did ShareholdersAffecttheCreditRatingProcess? Do thePrivilegedBenefi ;JohnRust,GeorgetownSung-Jin Cho,SeoulNationalUniversity* University Precommitments forFinancialSelf-Control? Micro Evidence from the2003Korean Credit Crisis * Presenter Jian Li,UniversityofLuxembourg Promoting FinancialLiteracy throughDigitalPlatform Kang Shi, The ChineseUniversityofHongKong Haoyuan Ding,ShanghaiUniversity ofFinance andEconomics ofChina*; ;CongQin,RenminUniversity Evidence from Rural China Session Chair:JianLi,University ofLuxembourg Session Chair:Sergei Kovbasyuk, EinaudiInstituteforEconomics andFinance Topics inFinancialEconomics Session 8.20c Takeshi Miyazaki, Kyushu University Natural ExperimentalEvidence from ReformsinJapan Boundary Ethnic DivisionsandLocalPublicGoodsProvision: Shilei Niu,Xi’an Jiaotong-Liverpool University without RampingRateRestrictions Implications ofMultipleElectricityPriceRegimesonHydroelectric Power PlantValuation with/ Xiaoying Liu,University ofPennsylvania Fan Wang, University ofHouston* ;EmilyHannum,University ofPennsylvania ; The CaseofChina’s Rural SchoolMerger Initiative Estimating theEffects ofEducational SystemContraction: Session Chair: Takeshi Miyazak, Kyushu University Urban Economics Goods andPublic Session 8.19c

t More from Government-Led Microfinance Projects? Date: 5June2017 Date: 5June2017 Date: 5June2017

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; GeorgPflug,UniversityofVienna Time :10:30-12:10 Time :10:30-12:10 Time :10:30-12:10

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PM AM PM AM PM AM 93 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT3, G/F : YIA LT3, Venue 2/F : YIA LT6, Venue Venue : YIA LT2, G/F : YIA LT2, Venue Time : 10:30-12:10 Time :10:30-12:10 Time : 10:30-12:10 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June * Presenter Yiguo Sun, University of Guelph* ; Wei Lin, Capital University of Economics and Business of Economics Lin, Capital University of Guelph* ; Wei Yiguo Sun, University University A&M Texas Qi Li, Models with Multiple UnobservedEstimation of Nonlinear Panel Effects of Warwick Mingli Chen, University Models for High Dimensional Nonlinear Factor Estimation and Inference Maximum Likelihood 8.24i Session Econometrics Data Panel Management University and Chair : Liangjun Su, Singapore Session Organizer Data Models with Random Effects Panel Nonparametric Media Bias in China Studies ; Economic Institute for International Stromberg, ; David of Hong Kong The University Bei Qin, of Southern California* University Wu, Yanhui Countering Liberation Technology: Internet Access and Media Freedom in Autocracies Media Freedom Internet Access and Technology: Countering Liberation ; University Newland, Villanova ; Sara of California, Berkeley* University Lorentzen, Peter of California, Berkeley University Wang, Zenan News? Foreign Learn from What Do Voters Taiwan in Japan and Diffusion on PTA Experimental Evidence ; University Georgetown ; Jason Kuo, University* Taiwan Chiang, National Chun-Fang University Taiwan Liu, National of California San Diego ; Jin-Tan Megumi Noai, University Media and Accountability in China Media and Accountability of Southern California University Wu, and Chair : Yanhui Session Organizer Reform in China News: Role of Conglomeration Bias of Corporate Political of Hong Kong Chinese University The Tianyu Zhang, Bernard Lebrun, York University Lebrun, York Bernard for Municipal Bonds in Auctions Competition and Imperfect Advantages Tax James Roberts, University Duke 8.23i Session Deposit Requirements in Auctions Deposit Requirements ; University Li, Vanderbilt Tong Business School ; University XiaoGang Che, Durham Zheng, North ; Xiaoyong State University of Singapore* Carolina University National Lu, Jingfeng in the IPV Model of the Sequential Second-price Auction Asymmetric Equilibria Auctions: Theory and Empirics and Theory Auctions: University Li, Vanderbilt Tong Chair : and Session Organizer Auctions Highway State from Recession: Evidence Costs during the Great Procurement ; Reserve Bank of Atlanta Federal Timothy Dunne, ; Lancaster University* Dakshina De Silva, of Kentucky University ; Carlos Lamarche, of Oklahoma University Kosmopoulou, Georgia Session 8.22i Session Fa Wang, Syracuse University University Syracuse Wang, Fa Panels in Cointegrated Patterns Identifying Latent Grouped ; Management University Huang, Singapore ; Wenxin Management University* Liangjun Su, Singapore Management University Sainan Jin, Singapore

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 94 Yoon-Jae Whang,SeoulNationalUniversity ; Taisuke Otsu, The LondonSchoolofEconomics* Inference onDistributionFunctions underMeasurement Error Takahide Yanagi, Hitotsubashi University Regression Discontinuity DesignswithNonclassicalMeasurement Error Kengo Kato, The University of Tokyo ;Yuya Sasaki,JohnsHopkinsUniversity* Uniform ConfidenceBandsinDeconvolution withUnknownError Distribution Takuya Ura, University ofCalifornia,Davis Instrumental Variable QuantileRegression withMisclassification Session Organizer andChair: Taisuke Otsu, The LondonSchoolofEconomics Measurement Error Session 8.26i Mi Dai,BeijingNormalUniversity ;YifanZhang, The ChineseUniversity ofHong Kong* Local LaborMarket Effects ofChina’s WTO Entry Tomohiko Inui,GakushuinUniversity ;Heiwai Tang, JohnsHopkinsUniversity Keiko Ito, SenshuUniversity* ; Taiji Furusawa, Hitotsubashi University ; Global Sourcing andDomesticProduction Networks Hans-Jörg Schmerer, FernUniversität InstituteforEmployment Research, inHagen,IAB CESifo* InstituteforEmploymentAndreas Research Hauptmann,IAB ; InstituteforEmployment ResearchStella Capuano,IAB ; Trade andUnions:DoesSize Matter? Zhiyuan Li,Fudan University Terms of Trade Gainsfrom Task OffshoringandComplementaritybetween Tasks Session Organizer andChair:YifanZhang, The ChineseUniversity ofHongKong International Trade IV Session 8.25i Date: 5June2017 Date: 5June2017 Time :10:30-12:10 Time :10:30-12:10 Venue LT8, :YIA 2/F Venue LT9, :YIA 2/F

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Venue : YIA 403, 4/F Venue Venue : YIA 402, 4/F Venue Venue : YIA 401, 4/F Venue Time :15:10-16:50 Time : 15:10-16:50 Time : 15:10-16:50 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Health Insurance and Birth Outcomes: Evidence from the Affordable Care Act Care the Affordable and Birth from Health Insurance Outcomes: Evidence Simon, Indiana University ; Kosali University* Jiaotong Jie Ma, Xi’an Vietnam Data from Using Firm Level and Firm Performance: Evidence Coverage Health Insurance Institute, Osaka University* Research Asian Growth Tien Vu, ; University Keio Yamada, Hiroyuki Irina Merkurieva, University of St Andrews University Irina Merkurieva, 9.3c Session Health Insurance Institute, Osaka University Research Asian Growth Tien Vu, Session Chair : Yoshinori Nishimura, The University of Tokyo* ; Masato Oikawa, The University of Tokyo of The University Oikawa, ; Masato Tokyo* of The University Nishimura, Yoshinori Japan from Evidence Hasten Retirement? Informal Elderly Care Does Providing Institute Research Niimi, Asian Growth Yoko Decision the Household Retirement Coordinating Impacts from Delaying Access to Retirement Benefits on Welfare Receipt and Expenditure: Receipt and Expenditure: Welfare Benefits on Retirement Access to Delaying Impacts from Experiment. a Natural from Evidence of Melbourne University ; Cain Polidano, of Manitoba University ; Umut Oguzoglu, Deakin University* Ha Vu, on Labor Supply: of Informal Elderly Care Effects Market Care on the Supply Side of Elderly Intervention Exploitation of Government A Paradox and Its Resolution A Paradox of Singapore National University Basant Kapur, 9.2c Session and Retirement Elderly Care Andrews of St University Session Chair : Irina Merkurieva, Estimating Productivity of Public Infrastructure Investment of Public Infrastructure Estimating Productivity ; University* Technological Nanyang ; Qu Feng, University Technological Nanyang Wu, Guiying Laura University Technological Nanyang Wang, Zhifeng Economy: in the World Varieties of Southern Product of the Share Endogenous Growth On the Growth Contribution of Investment-Specific Technical Change Contribution of Investment-Specific On the Growth Management University* Sun, Singapore Yu ; Juliana University Roberto Washington Samaniego, George Function Production Theory of the Aggregate A Simple ; Baptist University* Hong Kong ; Kang Hua Cao, of California, Santa Barbara University Birchenall, Javier of Exeter Rish Singhania, University Investment, Production and Growth Production Investment, of Singapore University National Kapur, Session Chair : Basant 9.1c Session * Presenter

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 96 Measuring theNatural RateofInterest: Alternative Specifications Giovanni Nicoló, University of California,LosAngeles Policy inthePostwarThe ConductofU.S.Monetary Period Wen Zhang,RenminUniversity ofChina Slow Recoveries andLaborMarket Polarization Jonathan Stroud, Georgetown University ;HangZhou,George Washington University* Evaluating Policy Effects Monetary inaFixed Exchange RateRegime Structural Vector Autoregressions withJumps: Session Chair:Francisco Vazquez-Grande, Federal Board Reserve Business Cycle and Macro Policy II Session 9.6c Bin Wang, ShanghaiJiao Tong University* Jihyun Kim, Toulouse SchoolofEconomics ;JoonPark, IndianaUniversity ; Estimation ofSpotVolatilities andLevy Measure inJumpDiffusionsUsingBipowerIncrements Jinyuan Chang,SouthwesternUniversity ofFinanceandEconomics A Frequency DomainAnalysis ofHighFrequency FinancialData Weilin Xiao,ZhejiangUniversity* ;JunYu, Singapore ManagementUniversity Asymptotic forEstimatingthePersistent ParameterTheory intheFractional Vasicek Model Chenxu Li,Peking University Closed-form ImpliedVolatility DissectingSpecificationsofStochastic Surface: Volatility Session Organizer andChair:XiaohuWang, The ChineseUniversity ofHongKong Recent Advances inFinancial Econometrics Session 9.5i Yannis Ioannides, Tufts University* ;Jeffrey Zabel, Tufts University Vacancies inHousingandLaborMarkets Xiaolu Li,Nanyang Technological University* ;Yang Tang, Nanyang Technological University When Natives MeetImmigrants inPublicandPrivate HousingMarkets Junji Shimada,Aoyama-Gakuin University ;Yoshihiko Tsukuda, Tohoku University Tatsuyoshi Miyakoshi, HoseiUniversity* ;Kui-Wai Li,University of Toronto ; Quantitative EasingandReitMarkets Developments Upswings ofHongKong RealEstatePricesinPost-Crisis Surge: Session Chair:Yannis Ioannides, Tufts University Housing Market Session 9.4c Kurt Lewis,FederalKurt Board Reserve ;Francisco Vazquez-Grande, Federal Board* Reserve Date: 5June2017 Date: 5June2017 Date: 5June2017

Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50 Venue 404,4/F :YIA Venue 406,4/F :YIA Venue 405,4/F :YIA

PM AM PM AM PM AM 97 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 408, 4/F Venue : YIA 409, 4/F Venue Venue : YIA 407, 4/F Venue Time : 15:10-16:50 Time :15:10-16:50 Time : 15:10-16:50 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June * Presenter Nobuyuki Hanaki, Université Cote d’Azur ; Emily Tanimura, Université Paris 1 ; Paris Université Tanimura, ; Emily Cote d’Azur Nobuyuki Hanaki, Université Queen Mary of London* University Nicolaas J. Vriend, Spatial Competition with Intermediaries School Moscow* ; New Economic Izmalkov, ; Sergei Laboratories Filippo Balestrieri, Hewlett-Packard Joao Leao, ISCTE Return of the Median Voter Revisited: The Principle of Minimum Differentiation Endogenous Formation of Patent Pools of Patent Endogenous Formation of Nottingham Ningbo China Chen Qu, University Model with PartialA Sequential Search Depth Evaluation Florida ; of Central ; Lin Liu, University of Finance and Economics* Shanghai University Haojun Yu, Shanghai University Chen, New York of Missouri, Columbia ; Yuxin University X. Henry Wang, Maoliang Ye, Xiamen University Maoliang Ye, 9.9c Session Differentiation and Product Markets Imperfect Queen Mary of London University Session Chair : Nicolaas J. Vriend, Chris Edmond, University of Melbourne ; Yang Lu, The Hong Kong University of Science and Technology* of Science and University The Hong Kong Lu, of Melbourne ; Yang University Chris Edmond, in Dynamic Games: Experimental Evidence and Monitoring Irreversibility ; Choi, Seoul National University ; Andrew National University* Seoul Gueron, Yves Lee, Seoul National University ; Eungik Syngjoo Choi, Seoul National University Theory Experiment Investment and a Finitely Repeated Build Cooperation? Does Gradualism Session Chair : Maoliang Ye, Xiamen University Xiamen University Session Chair : Maoliang Ye, Risk Diffusing Coordination University* Tsinghua Zhen Zhou, ; University Deepal Basak, New York Coordination Information Manipulation and Social Rational Exuberance Booms Rational Exuberance Bank of Finland Gene Ambrocio, 9.8c Session and Coordination Cooperation Internal Financing, Managerial Compensation and Multiple Tasks Managerial Compensation and Multiple Internal Financing, University Bocconi Panunzi, ; Fausto Brook* Stony SUNY Brusco, Sandro Test Design and Stress Amplification out Disclosure: Crowding of Warwick University ; Ansgar Walther, of Oxford* University Daniel Quigley, Behavioral and Corporate Finance and Corporate Behavioral Bank of Finland Ambrocio, Session Chair : Gene Bailout Stigma ; ; Chongwoo Choe, Monash University Che, Columbia University Yeon-Koo Institute* Development Rhee, Korea Keeyoung 9.7c Session

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 98 * Presenter International Marek Kapicka,TheCenterforEconomicResearchandGraduateEducation -EconomicsInstitute Quantifying theWelfareGainsfromHistoryDependent Income Session Chair:JulioGarin,Claremont McKenna Quantitative Analyses ofTaxation Session 9.12c Yichong Zhang,Singapore ManagementUniversity* Liangjun Su,Singapore ManagementUniversity ; Takuya Ura, University ofCalifornia,Davis ; Non-Separable ModelswithHigh-DimensionalData Qizhou Xiong,HalleInstituteforEconomic Research Estimating Heterogeneous Relative RiskAversion ofEuropean Households Censored Fractional ResponseModel: Jing Xue, DongbeiUniversity ofFinanceandEconomics Profile Likelihood EstimationforRandomly CoefficientModelwithEndogeneity Varying Session Chair:YichongZhang,Singapore ManagementUniversity Non-separable ModelsandEndogeneity Session 9.11c Xiang Sun,Wuhan University Qian Jiao,LingnanCollege,SunYat-sen University* ;BoShen,Wuhan University ; Conflict NetworkswithDiscriminatory Factors Xinxi Song,CapitalUniversity ofEconomics andBusiness*;NicholasC.Yannelis, University ofIowa Zhiwei Liu,CapitalUniversity of Economics and Business ; Maxmin Implementationthrough Mixed Equilibria Razeghian,Maryam EPFL; Thomas Weber, Ecole Polytechnique Federale deLausanne* The ImpactofSharingMarkets onProduct Durability Attila Ambrus,Duke University ;Wayne Gao,Yale University* ;Pau Milan,UAB, MOVE, Barcelona GSE Informal RiskSharingwithLocalInformation Session Chair:QianJiao,LingnanCollege,SunYat-sen University Network andMarket Session 9.10c M. University of Richmond;JulioGarin,Claremont McKenna* ; Chadwick Curtis, Only Death?Uncer Julian Neira, University ofExeter ;RishSinghania,University ofExeter* Can theDeclineinEffective Corpor Dirk Bethmann,Korea University* ;MichaelKvasnicka, Otto-von-Guericke Universität Magdeburg SaifMehkari,University ofRichmond T ax Evasion, StatePurchases BankDataand ofConfidential Disclosures Voluntary tain Taxes andtheEffects ofRepatriation

Date: 5June2017 Date: 5June2017 Date: 5June2017 ate ax Rate Explain the Decline in the U.S. Startup Rate? Tax RateExplaintheDeclineinU.S.Startup Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50 Tax Proposals Taxation

V V V enue : YIA 410,4/F enue :YIA enue : YIA 501,5/F enue :YIA 411,4/F enue :YIA

PM AM PM AM PM AM 99 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 503, 5/F Venue : YIA 504, 5/F Venue Venue : YIA 502, 5/F Venue

Time : 15:10-16:50 Time :15:10-16:50 Time : 15:10-16:50 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 * Presenter Inference in Partially Identified Heteroskedastic Simultaneous Equations Models Simultaneous in Partially Identified Heteroskedastic Inference ; University* Macquarie Milunovich, DIW Berlin ; George Helmut Lutkepohl, of New South Wales The University Minxian Yang, A Theory of Data-Oriented Identification with a SVAR Application Theory with a SVAR of Data-Oriented Identification A Economics Higher School of University National Research Arefiev, Nikolay Models in DSGE Persistence-Robust Exact Inference Identification and of Nottingham Ningbo China* ; The University ; Zhenjiang Lin, University Khalaf, Carleton Lynda Abeer Reza, Bank of Canada Evidence from the French Quarter Task Force Force Task Quarter the French from Evidence 9.15c Session Models Equation of Multiple Identification Macquarie University Milunovich, Session Chair : George Rulers’ Tenure, Citizens’ Cynicism, and Law Enforcement Cynicism, and Citizens’ Tenure, Rulers’ Ueng, National Chung-Cheng University Shyh-Fang Services? Better Police Provide Sector Can the Private of Mississippi The University ; Cheng Cheng, University* Tulane Long, Wei Law Firm Expertise in Securities Class Action Lawsuits and Agency Problem University Technological ; Lei Zhang, Nanyang University* Technological Nanyang Chuyi Yang, Regimes and Economic Volatility Decentralizations: Two of Tale A ; ; Liuchun Deng, Johns Hopkins University School of Economics The London Shiyu Bo, Johns Hopkins University ; Boqun Wang, Hong Kong* of The Chinese University Sun, Yufeng 9.14c Session and Institutions Law University Tulane Long, Session Chair : Wei Matches Made in Banks: Do Common Bank Relations Facilitate Better Mergers? Bank Relations Facilitate Matches Made in Banks: Do Common of Hawaii at Manoa of Hawaii at Manoa* ; Joonho Kim, University Jiakai Chen, University Acquisitions and Mergers and Cross-Border International Banking Integration ; of Hong Kong* The Chinese University Li, ; Chang of Hong Kong The Chinese University Julan Du, University ; Qianru Qi, Fudan of Hong Kong The Chinese University Chih-Sheng Hsieh, Loan Facilitators? The Role of Commercial Bankers in Non-Financial Corporations Bankers The Role of Commercial Loan Facilitators? ; of Hong Kong The Chinese University Du, ; Julan of Finance and Economic Ding, Shanghai University Haoyuan of Hong Kong* The Chinese University Hu, ; Yichuan Kong of Hong The Chinese University Chih-Sheng Hsieh, Applications Post-Merger Orchard: Lucas Restructured in the Welfare Asset Prices and Technology Institute of Science and Advanced Korea Won, Kyungsub 9.13c Session and Banking Finance Corporate of Hong Kong The Chinese University Li, Session Chair : Chang

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 100 Unemployment Insurance withInformalLaborMarkets: Evidence from Brazil Kanika Mahajan,AmbedkarUniversity, Delhi* Farzana Afridi,IndianStatistical Institute,Delhi; Taryn College ; Dinkelman, Dartmouth A DecompositionAnalysis over Two Decades Why Are Fewer MarriedWomen Joining theWork Force inRural India? Wan-Jung Cheng,Washington University inSt. Louis Explaining JobPolarization: The RoleofHeterogeneity inCapitalIntensity Session Chair:DainnWie,NationalGraduate InstituteforPolicy Studies Participation Job Polarization, GenderEarnings and LaborForce Session 9.18c Qing Liu, Tsinghua University Input-Output LinkageandtheMissing Trade Puzzles Hanwei Huang, The LondonSchoolofEconomics* ;Gianmarco Ottaviano, The LondonSchoolofEconomics Comparative Advantage, Competition,andMulti-product Firm Chun-Kai Wang, ShandongUniversity A Modelof Trade andProductivity Improvement Session Chair:QingLiu, Tsinghua University International Trade V Session 9.17c Soo HongChew, NationalUniversity ofSingapore Stress, Mindfulness,andEconomic Behavior Carsten Murawski, University ofMelbourne The University ofMelbourne*;Peter Bossaerts, Elizabeth Bowman, The University ofMelbourne;NitinYadav, The University ofMelbourne; Shireen Tang, The University ofMelbourne;ShijieHuang, The University ofMelbourne; Hard The Efficient Markets HypothesisDoesNotHoldWhenSecurities Valuation isComputationally Lei Wang, ZhejiangUniversity Qiang Shen,ZhejiangUniversity of Technology* ;Haoye Sun,ZhejiangUniversity ; Risk forSelfVersus RiskforOthers:SocialProximity ShapestheDegree ofLossAversion Lionel Page, QueenslandUniversity of Technology Investigating GenderDifferences under Time Pressure inFinancialRisk Taking Session Organizer andChair:SooHongChew, NationalUniversity ofSingapore Behavioral andBiologicalEconomics Session 9.16i Dainn Wie,National Graduate InstituteforPolicy Studies Wage Structure andGenderEarningsDifferentials inChinaandIndia Janis Skrastins, Washington University inSt.Louis Bernardus Doornik,BancoCentral doBrasil ;David Schoenherr, Princeton University* Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50

Venue 505,5/F :YIA Venue 507,5/F :YIA Venue 506,5/F :YIA

PM AM PM AM PM AM 101 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA 509, 5/F Venue : YIA 510, 5/F Venue Venue : YIA 508, 5/F Venue Time : 15:10-16:50 Time :15:10-16:50 Time : 15:10-16:50 Date: 5 June 2017 Date: 5 June 2017 Date: 5 June 2017 * Presenter Family Clans and Public Goods: Evidence from the New Village Beautification Project in South Project the New Village Beautification from Clans and Public Goods: Evidence Family Korea Institute Development Korea Hyunjoo Yang, Merima Ali, Chr. Michelsen Institute ; Odd-Helge Fjeldstad, Chr. Michelsen Institute ; Michelsen Institute ; Odd-Helge Fjeldstad, Chr. Merima Ali, Chr. University* ; Abdulaziz Shifa, Syracuse University Boqian Jiang, Syracuse The Role of Inequality States in the OECD since 1870: of Effective The Creation ; Bond University* ; Cong Wang, Jakob Madsen, Monash University of Southern Denmark University Bodo Steiner, 9.21c Session Development Inequality and History, Economic Institute Development Korea Session Chair : Hyunjoo Yang, Africa The Salience of Ethnicity in Sub-Saharan State-Building and Colonial Legacy, Yasuyuki Osumi, University of Hyogo Osumi, University Yasuyuki of Unskilled Workers and Wages Employment Increase to Fiscal Policy Targeted ; of Kent* Jiang, University of Glasgow ; Wei Angelopoulos, University Konstantinos CESifo of Glasgow, University James Malley, UI Eligibility Rule, Moral Hazard, and Optimal Unemployment Transfer Scheme Transfer and Optimal Unemployment Hazard, UI Eligibility Rule, Moral Min Zhang, East China Normal University on Suicide in Japan of Unemployment The Effect Osaka University Nushimoto, Aya Inequalities and Wage Deregulations, Macroeconomic Capital-Skill Complementarity, 9.20c Session and Unemployment Wages of Kent Jiang, University Session Chair : Wei A Consistent Gradient-Based Nonparametric Test for Regression Structures for Regression Test Nonparametric A Consistent Gradient-Based University Virginia West Yao, ; Feng University* Virginia West Wang, Taining Panel Data Models with Fixed Coefficients in Semiparametric Time-Varying Common Testing Effects of China* Zhang, Renmin University London ; Yonghui City University Atak, Alev A Factor-Augmented Quantile Regression Model with Time-Varying Factor Loadings Factor Time-Varying Model with Quantile Regression A Factor-Augmented of London City University Atak, Alev Testing for the Drift of the ShortPanel a Using Rate Diffusion Process Specification Nonparametric of Yields Bank of Canada Li, Fuchun 9.19c Session Methods and Semiparametric Nonparametric of China University Zhang, Renmin Session Chair : Yonghui

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 102 Scott Rozelle, University ofStanford Delivering aHome-basedParenting through Intervention China’s Family PlanningWorkers From Quantityto Quality: Nick Zubanov, University ofKonstanz Making ManagersMatter University ofBirmingham Stanley Siebert, Piece RatesthatReward bothQuantityandQuality:aFieldExperiment Session Organizer andChair:XiangdongWei, LingnanUniversity Education andLabor Market Session 9.24i David Cook, The HongKong University ofScienceand Technology Fiscal Policy inaCurrency UnionattheZero LowerBound JungJae Park, NationalUniversity ofSingapore andOriginalSin: Debauchery The Currency Compositionof Sovereign Debt Juanyi Xu, The HongKong University ofScienceand Technology* Kang Shi, The ChineseUniversity ofHongKong ; Sihao Chen, The HongKong University ofScienceand Technology ; Real BusinessCycle inEmerging Economies: theRoleofInterest RatesandExchange Rates Michael Devereux, University ofBritishColumbia;ChanghuaYu, Peking University* Exchange RateAdjustmentinFinancialCrises Session Organizer andChair:David Cook, The HongKong University ofScienceand Technology International Macroeconomics Session 9.23i Wooyoung Lim, The HongKong University ofScienceand Technology* ;Pengfei Zhang,CornellUniversity Herd ImmunityandaVaccination Game Yingxue Li,University ofCalifornia,Davis Strategic ReasoninginPersuasion Games:An Experiment Takahiro Miura, OsakaUniversity* ;Keigo Inukai,ISER;MasaruSasaki,OsakaUniversity Measuring RiskAttitudes inaLaboratory Search Experiment Wanda Mimra, Zurich* ;ChristianWaibel, ETH Zurich ETH (Non)exclusive Contracting underAdverse Selection:An Experiment Session Chair:Wooyoung Lim, The HongKong University ofScienceand Technology Experiment Session 9.22c

Date: 5June2017 Date: 5June2017 Date: 5June2017 Time :15:10-16:50 Time :15:10-16:50 Time :15:10-16:50

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PM AM PM AM PM AM 103 5 Jun 2017 (Mon) 4 Jun 2017 (Sun) 3 Jun 2017 (Sat) Venue : YIA LT9, 2/F : YIA LT9, Venue Venue : YIA LT8, 2/F : YIA LT8, Venue Time : 15:10-16:50 Time : 15:10-16:50 Date: 5 June 2017 Date: 5 June 2017 * Presenter Coordination on List Prices and Collusion in Negotiated Prices on List Prices and Collusion in Negotiated Coordination The Ohio State University* ; Lixin Ye, The Wharton of Pennsylvania School, University Joseph Harrington, Xin Feng, National University of Singapore* ; Jingfeng Lu, National University of Singapore ; of Singapore University National Lu, ; Jingfeng of Singapore* University National Xin Feng, The Ohio State University Lixin Ye, License Vehicle to Application Criterion for Allocation Mechanisms with A New Evaluation Allocations in China ; of Finance and Economics ; Ning Sun, Shanghai University University* Jianxin Rong, Sun Yat-sen University Sun Yat-sen Dazhong Wang, Session Organizer and Chair : Lixin Ye, The Ohio State University The Ohio State University and Chair : Lixin Ye, Session Organizer in School Choice Efficiency Pareto Stability and Weak ; of Finance and Economics* Shanghai University Tang, Qianfeng of Finance and Economics Zhang, Shanghai University Yongchao Design with Optimal Sequential R&D Procurement Daniel Dias, Board of Governors of the Federal Reserve System ; the Federal of of Governors Daniel Dias, Board Bank of Colombia Central ; Miguel Sarmiento, Institute Geneva* The Graduate Yi Huang, 9.26i Session Matching and Auctions Monetary Policy and the Stock Market: Time-Series Evidence Time-Series Market: Monetary and the Stock Policy of Chicago* The University Dame ; Michael Weber, of Notre University Neuhierl, Andreas Theory Monetary of Contractionary Easing The Expansionary Lower Bound: a International Monetary International Monetary ; Damiano Sandri, Fund* Fund Cavallino, Paolo Markets of MonetaryInternational Channels on Emerging and its Impact Policy 9.25i Session Policy Channels of Monetary International Institute Geneva Graduate The Chair : Yi Huang, and Session Organizer

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3 Jun 2017 (Sat) 4 Jun 2017 (Sun) 5 Jun 2017 (Mon) 104 Full List of Presenters

A Koji Abe Kobe University Session 3.20c Tasso Adamopoulos York University Session 6.20c Taehyun Ahn Sogang University Session 1.8c Reshad Ahsan University of Melbourne Session 4.26c Andrea Ajello Federal Reserve Board Session 2.22c Shumi Akhtar The University of Sydney Session 5.12c Kiyoka Akimoto Osaka University Session 1.22c Nuray Akin Ozyegin University Session 4.6c David Albouy University of Illinois Session 8.13c Simon Alder The University of North Carolina at Chapel Hill Session 5.8c Gene Ambrocio Bank of Finland Session 9.7c Rabah Amir The University of Iowa Session 3.3i Mengmeng Ao Xiamen University Session 1.18c Tomohiro Ara Fukushima University Session 3.19c Yoshiyuki Arata The Research Institute of Economy, Trade and Industry Session 6.2c Alina Arefeva Johns Hopkins Carey Business School Session 7.20c Nikolay Arefiev National Research University Higher School of Economics Session 9.15c Costas Arkolakis Yale University Session 1.24i Alev Atak City University of London Session 9.19c Scott Atkinson University of Georgia Session 7.13c Adem Atmaz Purdue University Session 7.7c Stephen Ayerst University of Toronto Session 3.4c

B Ruediger Bachmann University of Notre Dame Session 1.6c Kyle Bagwell Stanford University Session 7.22i Jie Bai Harvard University, Microsoft Research Session 2.24i, Session 5.28i Jushan Bai Columbia University Session 6.26i Xue Bai Brock University Session 7.1c Yan Bai University of Rochester Session 4.23i Ying Bai The Chinese University of Hong Kong Session 1.23i Alessandro Barattieri Collegio Carlo Alberto, ESG UQAM Session 6.15c Dominick Bartelme University of Michigan Session 4.25i Alexandre Belloni Duke University Session 6.26i Christoph Bertsch Sveriges Riksbank Session 6.7c James Best University of Oxford Session 6.3c Dirk Bethmann Korea University Session 9.12c Marius Bickmann Technische Universität Dortmund Session 6.22c Rhys Bidder Federal Reserve Bank of San Francisco Session 4.18c Shiyu Bo Jinan University Session 5.6c Olivier Bochet New York University, Abu Dhabi Session 7.16c Stefano Bosi University of Evry Session 7.26i Loren Brandt University of Toronto Session 6.23i, Session 7.23i Joseph Briggs New York University Session 5.5i Sandro Brusco SUNY Stony Brook Session 9.7c M. Cecilia Bustamante University of Maryland Session 1.3c

C Giovanni Caggiano Monash University Session 5.20c Xiaoming Cai Tongji University Session 8.10c Xiqian Cai Xiamen University Session 4.27i Colin Caines Federal Reserve Board Session 7.17c Jin Cao Norges Bank Session 5.24i Kang Hua Cao Hong Kong Baptist University Session 9.1c

105 Qingqing Cao Michigan State University Session 3.2c Shutao Cao Victoria University of Wellington Session 6.21c Yuan Cao University of California, Santa Barbara Session 4.10c Zhigang Cao Academy of Mathematics and Systems Science Session 3.3i Juan Carlos Carbajal University of New South Wales Session 4.9c Johann Caro-Burnett Hiroshima University Session 7.3c Ronaldo Carpio University of International Business and Economics Session 5.12c Gonzalo Castex Central Bank of Chile Session 3.14c Emiliano Catonini National Research University Higher School of Economics Session 6.17c Paolo Cavallino International Monetary Fund Session 9.25i Dongkyu Chang City University of Hong Kong Session 1.5i Jinyuan Chang Southwestern University of Finance and Economics Session 9.5i Seong Yeon Chang Xiamen University Session 5.25i John Chao University of Maryland Session 6.5c Shurojit Chatterji Singapore Management University Session 8.11c Nancy Chau Cornell University Session 2.17c Ritam Chaurey State University of New York, Binghamton Session 5.11c Xiaogang Che Durham University Business School Session 4.17c Been-Lon Chen Academia Sinica Session 8.17c Bo Chen Wuhan University Session 2.12c Cheng Chen The University of Hong Kong Session 7.25i Ching-Mu Chen Academia Sinica Session 3.19c Chun-Ting Chen National Taiwan University Session 4.22c Guodong Chen New York University Shanghai Session 4.7c Hung-Ju Chen National Taiwan University Session 8.8c Jau-Er Chen National Taiwan University Session 2.16i Jiakai Chen University of Hawaii at Manoa Session 4.18c, Session 9.13c Jidong Chen Beijing Normal University Session 8.4c Le-Yu Chen Academia Sinica Session 6.24i Li Chen University of Gothenburg Session 6.27i Mingli Chen University of Warwick Session 8.24i Tianxu Chen Shanghai University of Finance and Economics Session 7.21c Weiye Chen Osaka University Session 6.19c Xiu Chen The Hong Kong University of Science and Technology Session 4.22c Xuan Chen Renmin University of China Session 1.8c Ye Chen Capital University of Economics and Business Session 3.25i Yi-Chun Chen National University of Singapore Session 4.16i Yijuan Chen Australian National University Session 4.17c Yuan Chen University of California, Davis Session 7.18c Yunmin Chen Academia Sinica Session 4.19c Zhanhui Chen Nanyang Technological University Session 6.4c Zhe Chen University of International Business and Economics Session 8.2c Wan-Jung Cheng Washington University in St. Louis Session 9.18c Andrew Chesher University College London Session 6.24i T. Terry Cheung Washington University in St. Louis Session 6.22c William Cheung University of Macau Session 4.7c Soo Hong Chew National University of Singapore Session 9.16i Chun-Fang Chiang National Taiwan University Session 8.23i Khai Xiang Chiong University of Southern California Session 4.3i Jonathan Chiu Victoria University of Wellington Session 5.24i Daeha Cho Boston University Session 3.14c Jaebeom Cho Korea Advanced Institute of Science and Technology Session 4.11c Sung-Jin Cho Seoul National University Session 8.21c Andrew Choi Seoul National University Session 1.15c Chi-Young Choi University of Texas, Arlington Session 1.20c In Choi Sogang University Session 5.16c Woo Jin Choi University of Virginia Session 1.2c Eugene Choo Yale-NUS College Session 8.14c Davin Chor National University of Singapore Session 3.23i, Session 5.28i Vinci Chow The Chinese University of Hong Kong Session 2.16i Ba Chu Carleton University Session 6.8c

106 Kenneth Chuk University of Southern California Session 7.4c Wanyu Chung University of Sheffield Session 4.12c Andrew Clarke University of Melbourne Session 5.3c William Cong The University of Chicago Booth School of Business Session 5.23i David Cook The Hong Kong University of Science and Technology Session 9.23i Renaud Coulomb University of Melbourne Session 2.13c Carlos Cueva University of Alicante Session 7.19c Aida Cumurovic Halle Institute for Economic Research (IWH) Session 2.17c

D Daisy Dai Lehigh University Session 3.15c Nuh Aygun Dalkiran Bilkent University Session 7.16c Thomas Daske Technical University of Munich Session 5.19c Bipasa Datta University of York Session 1.3c Ernest Dautovic UNIL - University of Lausanne Session 6.11c Julio Dávila Université catholique de Louvain Session 6.6c Jean-Etienne de Bettignies Queen's University Session 3.12c Luciano De Castro University of Iowa Session 8.12c Dakshina De Silva Lancaster University Session 8.22i Evgenia Dechter University of New South Wales Session 5.11c Ghislain Herman Demeze Jouatsa University of Bielefeld Session 6.17c Kaihua Deng Renmin University of China Session 3.12c Yongheng Deng National University of Singapore Session 7.23i Francis Dennig Yale-NUS College Session 1.13c Oindrila Dey FLAME University, Pune, India Session 3.8c Dinko Dimitrov Saarland University Session 1.17c Rong Ding University of International Business and Economics Session 2.12c Yi Ding The Hong Kong University of Science and Technology Session 6.5c Alexandre Dmitriev The University of Auckland Session 2.6c Takero Doi Keio University Session 3.21c Feng Dong Shanghai Jiao Tong University Session 7.20c, Session 8.16i Nicolas Drouhin Ecole normale supérieure Paris-Saclay Session 5.18c Subhasish Dugar University of Utah Session 5.19c

E Jannis Engel Karlsruhe Institute of Technology Session 2.18c Yunjong Eo University of Sydney Session 3.18c Paolo Epifani University of Nottingham Session 7.14c Hulya Eraslan Rice University Session 4.26c

F Michal Fabinger The University of Tokyo Session 3.23i Luca Facchinello Singapore Management University Session 7.12c Simon Fan Lingnan University Session 1.14c Xiaochen Fan New York University Session 7.3c Xiaodong Fan University of New South Wales Session 2.25i Ying Fan University of Michigan Session 6.2c Lei Fang Federal Reserve Bank of Atlanta Session 8.17c Qu Feng Nanyang Technological University Session 9.1c Tangren Feng University of Michigan Session 2.10c Xin Feng National University of Singapore Session 9.26i Ying Feng University of California, San Diego Session 2.17c Michele Fioretti University of Southern California Session 2.7c Pierre Fleckinger MINES ParisTech, Paris School of Economy Session 3.8c Yuk-Fai Fong The Hong Kong University of Science and Technology Session 4.17c François Fontaine Paris School of Economics Session 1.8c Idriss Fontaine Université de La Réunion Session 7.15c Vasiliki Fouka Stanford University Session 1.23i Zhiming Fu Sichuan University Session 6.19c Hiroshi Fujiki Chuo University Session 6.10c Loretta Fung National Tsing Hua University Session 5.9c

107 G Lei Gao Shandong University Session 8.18c Ming Gao Tsinghua University Session 7.4c, Session 8.7c Wayne Gao Yale University Session 9.10c Wenzheng Gao Texas A&M University Session 5.13c Julio Garin Claremont McKenna Session 9.12c Eric Gautier Toulouse School of Economics Session 1.27i Kishore Gawande University of Texas, Austin Session 3.1c Suqin Ge Virginia Tech Session 2.25i Georgios Gerasimou University of St Andrews Session 5.22c Yoseph Getachewn University of Pretoria Session 3.17c Vivek Ghosal Rensselaer Polytechnic Institute Session 5.1c Boris Ginzburg Universidad Carlos III de Madrid Session 8.4c Jie Gong National University of Singapore Session 1.4c Kaiji Gong Stanford University Session 1.12c Matthew Greenwood-Nimmo University of Melbourne Session 8.3c Marc Gronwald University of Aberdeen Session 5.15c Yiquan Gu University of Liverpool Session 2.20c Zhutong Gu Rutgers University Session 7.8c Yves Gueron Seoul National University Session 9.8c Zhengqing Gui The Hong Kong University of Science and Technology Session 2.14c Inci Gumus Sabanci University Session 6.18c Hiroshi Gunji Daito Bunka University Session 6.15c Diyue Guo University of Maryland, College Park Session 3.14c Huiyi Guo The University of Iowa Session 3.7c Jang-Ting Guo University of California, Riverside Session 6.21c Liang Guo The Chinese University of Hong Kong Session 6.3c Meixin Guo Tsinghua University Session 8.1c Naijia Guo The Chinese University of Hong Kong Session 3.26i Xing Guo University of Michigan Session 3.20c Yanran Guo Osaka University Session 6.20c

H Christian Haefke New York University, Abu Dhabi Session 6.11c Takaaki Hamada The University of Tokyo Session 5.19c Malika Hamadi University of Surrey Session 1.9c Masashige Hamano Sophia University Session 1.12c Hyojin Han Brown University Session 3.22c Li Han The Hong Kong University of Science and Technology Session 4.27i Xu Han City University of Hong Kong Session 5.16c Panos Hatzipanayotou Athens University of Economics and Business Session 2.21c Chao He Shanghai University of Finance and Economics Session 2.27i Guojun He The Hong Kong University of Science and Technology Session 2.23i Junnan He Washington University in St. Louis Session 6.3c Ming He University of Technology Sydney Session 4.26c Xuedong He The Chinese University of Hong Kong Session 6.4c Zhiguo He The University of Chicago Booth School of Business Session 5.23i Andreas Heinen Universite de Cergy-Pontoise Session 8.20c Sander Heinsalu Australian National University Session 7.9c Daniel Henderson University of Alabama Session 7.8c Manuel Hernandez The International Food Policy Research Institute Session 4.8c Rodrigo Herrera Universidad de Talca Session 3.22c Kazuki Hiraga Tokai University Session 2.22c Tomohiro Hirano The University of Tokyo Session 4.24i Anson Ho Bank of Canada Session 5.5i Christine Ho Singapore Management University Session 5.10c Steven Ho Columbia University Session 5.21c Sungwan Hong The University of Tokyo Session 6.12c Charles Horioka Asian Growth Research Institute Session 1.13c Joel Horowitz Northwestern University Session 6.24i

108 Tadao Hoshino Tokyo University of Science Session 8.6c Dmytro Hryshko University of Alberta Session 5.5i Chih-Sheng Hsieh The Chinese University of Hong Kong Session 2.26i Hsiu-Fen Hsu National Taipei University Session 3.17c Wen-Tai Hsu Singapore Management University Session 2.5i Yu-Chin Hsu Academia Sinica Session 5.13c Chenyue Hu University of California, Santa Cruz Session 2.11c Gaoji Hu National University of Singapore Session 1.17c Mandy Hu The Chinese University of Hong Kong Session 2.16i Weizhen Hu Nagoya University Session 5.8c Xiaoxiao Hu The Hong Kong University of Science and Technology Session 2.3c Yan Hu CEMFI Session 8.14c Yichuan Hu The Chinese University of Hong Kong Session 9.13c Yingyao Hu Johns Hopkins University Session 4.3i Yuan Hu The Chinese University of Hong Kong Session 8.14c Yuqing Hu University of Southern California Session 6.27i Zhongzhong Hu University of International Business and Economics Session 5.2c Angela Kui Huang National University of Singapore Session 6.16c Hanwei Huang The London School of Economics Session 9.17c Ji Huang National University of Singapore Session 6.25i Jilei Huang Shandong University Session 3.18c Jingong Huang University of Melbourne Session 3.4c Naijing Huang Central University of Finance and Economics Session 7.17c Weihong Huang Nanyang Technological University Session 3.12c Yi Huang The Graduate Institute Geneva Session 9.25i Yue Huang Otto von Guericke University Magdeburg Session 2.4c Zhenxing Huang Shanghai University of Finance and Economics Session 2.10c Bingchao Huangfu Zhongnan University of Economics and Law Session 1.5i

I Hidehiko Ichimura The University of Tokyo Session 2.19c, Session 3.24i Toru Igarashi Hitotsubashi University Session 5.4c Hyun Joong Im Peking University Session 7.19c Younghwan In Korea Advanced Institute of Science and Technology Session 7.6c Yuta Inoue Waseda University Session 5.22c Yannis Ioannides Tufts University Session 9.4c Felicia Ionescu Federal Reserve Board Session 7.12c Wataru Ishida Session 1.21c Akifumi Ishihara National Graduate Institute for Policy Studies Session 2.12c Hirokazu Ishise Osaka University Session 1.20c Keiko Ito Senshu University Session 8.25i Masamune Iwasawa The University of Tokyo Session 8.13c Sergei Izmalkov New Economic School Moscow Session 9.9c

J David Jacks Simon Fraser University, NBER Session 4.8c Ritesh Jain Ohio State University Session 7.16c Christina Jenq New York University Shanghai Session 4.27i Ian Jewitt Nuffield College Session 2.24i Hogyu Jhang Chungnam National University Session 6.4c Chengcheng Jia Columbia University Session 3.2c Dun Jia Renmin University of China Session 4.1c Wei Jiang University of Kent Session 9.20c Yixiao Jiang Rutgers University New Brunswick Session 8.20c Qian Jiao Lingnan College, Sun Yat-sen University Session 9.10c Fei Jin Shanghai University of Finance and Economics Session 2.26i Hao Jin Xiamen University Session 7.20c Xin Jin University of Aberdeen Session 1.9c Zhangfeng Jin University of Nottingham Ningbo China Session 6.1c David Jinkins Copenhagen Business School Session 2.5i

109 In Hwan Jo National University of Singapore Session 1.1c Hailey Hayeon Joo Sogang University Session 4.8c Jae Wook Jung Korea Institute for International Economic Policy Session 2.21c

K Kamhon Kan Academia Sinica Session 5.6c Daishoku Kanehara Kyoto University Session 6.21c Soh Kaneko Keio University Session 7.14c Minwook Kang Nanyang Technological University Session 3.21c Songman Kang Hanyang University Session 1.4c Yuri Kaniovski Free University of Bozen-Bolzano Session 8.20c Yi-Cheng Kao Chung Yuan Christian University Session 1.19c Marek Kapicka The Center for Economic Research and Graduate Education - Session 9.12c Economics Institute Basant Kapur National University of Singapore Session 9.1c Navruzbek Karamatov Tohoku University Session 8.1c Hiroyuki Kasahara University of British Columbia Session 5.25i Ravi Kashyap City University of Hong Kong, IHS Markit Session 6.7c Munechika Katayama Waseda University Session 6.18c Toshiji Kawagoe Daiji Future University Hakodate Session 1.21c Kawaguchi Tomoya The University of Tokyo Session 4.13c Kazumura The University of Tokyo Session 8.11c Rongzhu Ke Lingnan University Session 3.8c Shaowei Ke University of Michigan Session 2.3c Safdar Khan Bond University Session 2.9c Enisse Kharroubi Bank for International Settlements Session 6.11c Kazuya Kikuchi Waseda University Session 8.18c Weerachart Kilenthong University of the Thai Chamber of Commerce Session 3.24i Dohyung Kim Korea Development Institute Session 4.21c Jaebeom Kim Oklahoma State University Session 1.22c Jin Yeub Kim University of Nebraska Lincoln Session 5.4c Jun Sung Kim Monash University Session 7.11c Kyoo Il Kim Michigan State University Session 4.14c Ryan Kim Columbia University Session 8.3c Seik Kim Korea University Session 7.12c Seongeun Kim Brandeis University Session 3.2c Tae Yoon Kim Keimyung University Session 1.18c Young-Joo Kim Hongik University Session 7.12c Daiki Kishishita The University of Tokyo Session 2.10c Chiu Yu Ko National University of Singapore Session 1.17c Stanley Iat-Meng Ko University of Macau Session 2.16i Anders Kock Aarhus University Session 1.27i Kanghyock Koh Ulsan National Institute of Science and Technology Singapore Session 3.17c Yumi Koh Management University Session 5.10c Naoki Kojima Fukuoka University Session 2.20c Sergey Kokovin National Research University Higher School of Economics Session 1.11c Marcin Kolasa Narodowy Bank Polski Session 8.1c Anton Kolotilin University of New South Wales Session 3.7c Ayako Kondo The University of Tokyo Session 8.9c Jianning Kong Shandong University Session 5.16c Wei Kong University of Missouri, Columbia Session 1.4c Hisaki Kono Kyoto University Session 3.9c Maciej Kotowski Harvard University Session 8.18c Jaromir K ovarik University of the Basque Country and BRiDGE Session 5.18c Sergei Kovbasyuk Einaudi Institute for Economics and Finance Session 8.20c Damian Kozbur University of Zurich Session 1.27i Jerome Krief University of Virginia Session 4.14c Chung-Ming Kuan National Taiwan University Session 6.26i Pei Kuang University of Birmingham Session 4.22c Thomas Kuhn University of Chemnitz Session 2.21c Edward Kung University of California, Los Angeles Session 7.20c James Kung The Hong Kong University of Science and Technology Session 1.23i 110 Biing-Shen Kuo National Chengchi University Session 6.8c Do Won Kwak University of Queensland Session 6.5c Hon Ho Kwok The University of Hong Kong Session 5.14c Lucas Kyriacou University of Bern Session 8.15c Dimitra Kyriakopoulou Université Catholique de Louvain Session 8.12c

L Edwin Lai The Hong Kong University of Science and Technology Session 1.24i Ernest Lai Lehigh University Session 7.9c Tat-kei Lai IÉSEG School of Management Session 4.2c Ting-Wei Lai National Chengchi University Session 1.16i Wing Tung Lam University of British Columbia Session 2.14c Arturo Lamadrid Banco de Mexico Session 2.7c Lan Lan Toulouse School of Economics Session 3.14c Sau-Him Lau The University of Hong Kong Session 1.19c Yan Lau Reed College Session 4.2c Spyridon Lazarakis University of Glasgow Session 1.13c Antoine Le Riche Sichuan University Session 7.26i Bernard Lebrun York University Session 8.22i Changkeun Lee Korea Development Institute Session 7.15c Esther Lee Seoul National University Session 2.9c Hyojung Lee Singapore Management University Session 1.14c Hyun Lee University of Connecticut Session 2.15c Insook Lee Peking University Session 3.21c Jaesun Lee Tongji University Session 7.2c Ji Hyung Lee University of Illinois Session 3.5i Jihong Lee Seoul National University Session 1.5i Jungho Lee Singapore Management University Session 5.6c Sam-Ho Lee Korea University Session 6.7c Sang-Ho Lee Chonnam National University Session 3.12c Soohyung Lee University of Maryland Session 6.27i Xiaoyan Lei Peking University Session 2.25i Yu-Hsiang Lei Yale-NUS College Session 4.26c Jessica Leight Williams College Session 8.2c Fernanda Leite Lopez De Leon University of Kent Session 2.13c Warn Lekfuangfu Chulalongkorn University Session 5.11c Michael Leung University of Southern California Session 1.26i Raymond C. W. Leung Cheung Kong Graduate School of Business Session 5.21c Tin Cheuk Leung Wake Forest University Session 6.10c Tsz Kin Leung Toulouse School of Economics Session 5.22c Arthur Lewbel Boston College Session 7.5i Bei Li The University of Western Australia Session 3.1c Ben Li Boston College Session 1.12c Bin Li International Monetary Fund Session 5.8c Bingjing Li National University of Singapore Session 1.7c, Session 3.23i, Session 4.25i Chang Li The Chinese University of Hong Kong Session 9.13c Chenxu Li Peking University Session 9.5i Fuchun Li Bank of Canada Session 9.19c Huiyu Li Federal Reserve Bank of San Francisco Session 4.15c Jessie Li University of California, Santa Cruz Session 7.10c Jian Li McGill University Session 2.3c Jian Li University of Luxembourg Session 4.10c, Session 8.21c Jinyue Li City University of Hong Kong Session 1.24i Li Li National University of Singapore Session 4.8c, Session 5.3c Mengling Li Xiamen University Session 1.21c Xiaolu Li Nanyang Technological University Session 9.4c Yao Amber Li The Hong Kong University of Science and Technology Session 8.2c Yingxue Li University of California, Davis Session 9.22c Zhiyuan Li Fudan University Session 8.25i Chao Liang Shandong University Session 3.9c Julienne Liang Orange Session 3.15c

111 Yucheng Liang Stanford Graduate School of Business Session 3.20c Jen-Che Liao Academia Sinica Session 5.25i Pei-Ju Liao Institute of Economics, Academia Sinica Session 6.22c Yun Liao University of Macau Session 3.11c Wooyoung Lim The Hong Kong University of Science and Technology Session 9.22c Chingyang Lin International University of Japan Session 7.15c Henry Lin Boston University Session 4.4c Hsuan-Chih Lin Academia Sinica Session 8.5i Zhenjiang Lin The University of Nottingham Ningbo China Session 9.15c Mikael Lindahl University of Gothenburg Session 3.17c Bin Liu The Chinese University of Hong Kong, Shenzhen Session 3.13c Cong Liu Shanghai University of Finance and Economics Session 1.7c Dan Liu Shanghai University of Finance and Economics Session 5.9c Ke Liu The Hong Kong University of Science and Technology Session 1.11c Lily Y Liu Federal Reserve Bank of Boston Session 7.7c Mengxiao Liu Syracuse University Session 6.13c Nianqing Liu Shanghai University of Finance and Economics Session 2.12c Pan Liu Beijing Normal University Session 6.12c Qing Liu Tsinghua University Session 9.17c Yu Liu Fudan University Session 2.23i Yun Liu Shandong University Session 1.21c Zhuang Liu University of Western Ontario Session 3.15c Zheng Liu Federal Reserve Bank of San Francisco Session 2.15c Michele Lombardi University of Glasgow Session 7.16c Wei Long Tulane University Session 9.14c Peter Lorentzen University of California, Berkeley Session 8.23i Philippos Louis The University of New South Wales Session 8.4c Dan Lu The University of Rochester Session 2.5i Jingfeng Lu National University of Singapore Session 8.22i Lin Lu Tsinghua University Session 8.2c Shih En Lu Simon Fraser University Session 7.9c Yang Lu The Hong Kong University of Science and Technology Session 9.8c Paul Luk Hong Kong Baptist University Session 3.11c Guannan Luo City University of Hong Kong Session 5.7c Jie Luo Tsinghua University Session 6.25i Weijie Luo The University of York Session 8.17c Ye Luo University of Florida Session 1.27i

M Chang Ma Johns Hopkins University Session 1.2c Chao Ma Xiamen University Session 8.7c Jie Ma Xi'an Jiaotong University Session 9.3c Xiang Ma The Hong Kong University of Science and Technology Session 3.16i Xiangjun Ma University of International Business and Economics Session 6.1c Yuanyuan Ma Zhongnan University of Economics and Law, Trinity College Dublin, IZA Session 8.13c Tomohiro Machikita Institute of Developing Economies (IDE-JETRO) Session 7.18c Elisabetta Magnani Macquarie University Session 8.9c Kanika Mahajan Ambedkar University, Delhi Session 9.18c Neale Mahoney The University of Chicago Session 2.24i Joseph Mai Tongji Unversity Session 2.21c Khalid Maman Waziri Aix-Marseille University Session 1.19c Rodolfo Manuelli Washington University, Federal Reserve Bank of St. Louis Session 5.17c Liang Mao Shenzhen University Session 8.10c Wenzheng Mao The University of Hong Kong Session 8.7c Maria Marchenko University of Mannheim, WU Vienna Session 1.4c James Markusen University of Colorado, Boulder Session 1.25i Daniel Marszalec The University of Tokyo Session 7.6c Carlos Martins-Filho University of Colorado, Boulder Session 7.8c Peter Mcadam European Central Bank Session 5.17c Juergen Meinecke Australian National University Session 1.19c Marko Melolinna Bank of England Session 8.15c Lingsheng Meng Tsinghua University Session 7.11c 112 Xiaoxuan Meng The Hong Kong University of Science and Technology Session 4.4c Konrad Menzel New York University Session 1.26i Irina Merkurieva University of St Andrews Session 9.2c Jianjun Miao Boston University Session 4.24i Michael Michael University of Cyprus Session 7.1c George Milunovich Macquarie University Session 9.15c Wanda Mimra ETH Zurich Session 9.22c Shabana Mitra Indian Institute of Management Bangalore Session 4.13c Takahiro Miura Osaka University Session 9.22c Tatsuyoshi Miyakoshi Hosei University Session 9.4c Wataru Miyamoto Bank of Canada Session 7.17c Masaki Miyashita The University of Tokyo Session 8.11c Koichi Miyazaki Kagawa University Session 6.22c Takeshi Miyazaki Kyushu University Session 8.19c National Research University Higher School of Economics, Pavel Molchanov Session 3.19c Aix-Marseille University Cyril Monnet University of Bern Session 5.24i Hyungsik Roger Moon University of Southern California Session 4.14c Jakob Munch University of Copenhagen Session 5.9c Carsten Murawski The University of Melbourne Session 9.16i

N Seunghoon Na Columbia University Session 5.7c Sadao Nagaoka Tokyo Keizai University Session 4.15c Takuya Nakaizumi Kanto Gakuin University Session 1.11c Joe Ng City University of Hong Kong Session 2.2c Travis Ng The Chinese University of Hong Kong Session 7.22i Ying Chu Ng Hong Kong Baptist University Session 5.17c Rachel Ngai The London School of Economics Session 6.6c Ha Nguyen The World Bank Session 5.15c Thi-Ngoc Anh Nguyen Yokohama National University Session 4.12c Giovanni Nicoló University of California, Los Angeles Session 9.6c Guangyu Nie Shanghai University of Finance and Economics Session 6.16c Yoko Niimi Asian Growth Research Institute Session 9.2c Kalin Nikolov European Central Bank Session 4.24i Masuyuki Nishijima Yokohama City University Session 2.18c Kazuo Nishimura Kobe University Session 7.26i Yoshinori Nishimura The University of Tokyo Session 9.2c Shilei Niu Xi'an Jiaotong-Liverpool University Session 8.19c Mitsunori Noguchi Meijo University Session 5.27i Nuwat Nookhwun University of Oxford, Bank of Thailand Session 8.3c Aya Nushimoto Osaka University Session 9.20c Anant Nyshadham Boston College Session 6.23i

O Samil Oh ESSEC, University of Cergy-Pontoise Session 6.18c Seungjoon Oh Peking University Session 1.3c, Session 3.6c Koki Oikawa Waseda University Session 4.15c Tatsushi Oka National University of Singapore Session 3.5i Ryo Okui New York University Shanghai Session 7.5i David Ong Peking University HSBC Business School Session 2.13c Sheue Li Ong Tunku Abdul Rahman University College Session 8.15c Kazuki Onji Osaka University Session 3.6c Matthijs Oosterveen Erasmus University Rotterdam Session 2.4c Yasuyuki Osumi University of Hyogo Session 9.20c Keisuke Otsu Keio University Session 6.21c Taisuke Otsu The London School of Economics Session 3.5i, Session 8.26i Difei Ouyang University of Geneva Session 1.7c Fu Ouyang Duke University Session 4.5i David Ovadia Federal Trade Commission (USA) Session 4.9c

113 P Lionel Page Queensland University of Technology Session 9.16i Christopher Paik New York University, Abu Dhabi Session 1.23i Marjorie Pajaron University of the Philippines Session 2.1c Jinrui Pan Durham University Business School Session 5.18c Shiyuan Pan Zhejiang University Session 8.16i Albert Park The Hong Kong University of Science and Technology Session 4.27i Jaeok Park Yonsei University Session 6.17c Jungjae Park The National University of Singapore Session 9.23i Sangyoon Park The University of Hong Kong Session 1.1c Woong Yong Park Seoul National University Session 3.18c Christine Parlour University of California, Berkeley Session 5.23i Fernando Parro Johns Hopkins University Session 4.25i Svetlana Pashchenko University of Georgia Session 5.5i Guangyu Pei University of Zurich Session 5.20c Tao Peng Southwestern University of Finance and Economics Session 6.16c Georgios Petropoulos Bruegel and Toulouse School of Economics Session 3.6c Gregory Phelan Williams College Session 2.10c Goncalo Pina Santa Clara University Session 2.11c Ponpoje Porapakkarm National Graduate Institute for Policies Studies Session 4.21c Yoann Potiron Keio University Session 6.14c David Preinerstorfer University of Aarhus Session 2.19c Artem Prokhorov University of Sydney Session 5.26i Andrew Adrian Pua Xiamen University Session 2.7c Vesa Pursiainen The University of Hong Kong Session 1.9c

Q Jun Qian Shanghai Jiao Tong University Session 6.25i Tiefeng Qian Central University of Finance and Economics Session 6.20c Lei Qiao Shanghai University of Finance and Economics Session 3.27i Xue Qiao Hong Kong Baptist University, Tsinghua University Session 3.13c Bei Qin The University of Hong Kong Session 4.23i Cheng-Zhong Qin University of California, Santa Barbara Session 3.3i Cong Qin Renmin University of China Session 8.21c Dan Qin Tohoku University Session 5.22c Larry Qiu The University of Hong Kong Session 7.25i Chen Qu University of Nottingham Ningbo China Session 9.9c Xi Qu Shanghai Jiao Tong University Session 2.26i Daniel Quigley University of Oxford Session 9.7c

R Mohammad Arshad Rahman Indian Institute of Technology, Kanpur Session 7.13c Roberto Raimondo University of Melbourne Session 5.27i Kali Rath University of Notre Dame Session 3.27i Jonathan Reeves University of New South Wales Session 4.11c Antonia Reinecke FernUniversität in Hagen Session 1.14c Joana Resende FEP, Universidade do Porto Session 8.7c Keeyoung Rhee Korea Development Institute Session 9.7c Serena Rhee University of Hawaii Manoa Session 3.26i James Roberts Duke University Session 8.22i Marie-Claire Robitaille University of Nottingham Ningbo China Session 1.14c John Romalis The University of Sydney Session 1.25i Jianxin Rong Sun Yat-sen University Session 9.26i Kang Rong Shanghai University of Finance and Economics Session 8.10c Adam Rosen Duke University Session 6.24i Michael Rousakis University of Oxford Session 6.15c Scott Rozelle University of Stanford Session 9.24i

114 S Hitoshi Sadakane Kyoto University Session 4.4c Nobusumi Sagara Hosei University Session 4.16i Shosei Sakaguchi Kyoto University Session 6.8c Masaya Sakuragawa Keio University Session 2.2c Joel Sandonis University of Alicante Session 5.9c Pedro H. C. Sant'Anna Vanderbilt University Session 8.6c Paulo Santos Monash University Session 3.9c Yuya Sasaki Johns Hopkins University Session 4.3i, Session 8.26i Kiyotaka Sato Yokohama National University, Edith Cowan University Session 1.20c Edouard Schaal Centre de Recerca en Economia Internacional Session 2.5i Georg Schaur University of Tennessee Session 7.22i Hans-Jörg Schmerer FernUniversität in Hagen, IAB Institute for Employment Research, CESifo Session 8.25i David Schoenherr Princeton University Session 9.18c Gustavo Schwenkler Boston University Session 6.14c Thomas Seegmuller Aix-Marseille University, CNRS, EHESS, Centrale Marseille, AMSE Session 7.26i Mai Seki Japan International Cooperation Agency Session 4.2c Tadashi Sekiguchi Kyoto University Session 6.17c Myung Hwan Seo Seoul National University Session 3.5i Gyula Seres Humboldt University, Tilburg University Session 7.6c Marlon Seror Paris School of Economics Session 6.1c Yaping Shan University of Adelaide Session 2.14c Lin Shao Bank of Canada Session 6.18c Dmitry Shapiro Seoul National University Session 5.18c Shamil Sharapudinov National Research University Higher School of Economics Session 4.17c Bo Shen Wuhan University Session 6.12c Kailing Shen Australian National University Session 6.1c Qiang Shen Zhejiang University of Technology Session 9.16i Liugang Sheng The Chinese University of Hong Kong Session 1.24i Shuyang Sheng University of California, Los Angeles Session 1.26i Fanqi Shi Stanford University Session 4.9c Liyan Shi University of California, Los Angeles Session 3.4c Wei Shi Jinan University Session 2.26i Xinzheng Shi Tsinghua University Session 7.2c Zhentao Shi The Chinese University of Hong Kong Session 6.14c Abdulaziz Shifa Syracuse University Session 2.6c, Session 9.21c Ilhyock Shim Bank for International Settlements Session 2.15c Myungkyu Shim Sogang University Session 4.6c Yonghceol Shin University of York Session 5.16c Mototsugu Shintani The University of Tokyo Session 8.12c Yasuhiro Shirata Otaru University of Commerce Session 1.17c Toyoichiro Shirota Hokkaido University Session 1.6c Ji-Liang Shiu Jinan University Session 7.5i Stanley Siebert University of Birmingham Session 9.24i Rish Singhania University of Exeter Session 9.12c L. Vanessa Smith University of York Session 1.18c Heonjae Song University of Seoul Session 3.24i Kyungchul (Kevin) Song University of British Columbia Session 1.26i Suyong Song University of Iowa Session 5.26i Wei Song University of Wisconsin - Madison Session 4.5i Xiaojun Song Peking University Session 4.20c Xinxi Song Capital University of Economics and Business Session 9.10c Yang Song Colgate University Session 3.16i Yangbo Song The Chinese University of Hong Kong, Shenzhen Session 5.14c Thepthida Sopraseuth University of Cergy Session 7.14c Eduardo Souza-Rodrigues University of Toronto Session 5.26i Kevin Staub The University of Melbourne Session 8.6c Alexander Straub Leibniz University of Hannover Session 7.2c Johannes Strobel University of Regensburg Session 6.9c Liangjun Su Singapore Management University Session 8.24i

115 Juliana Yu Sun Singapore Management University Session 4.1c, Session 9.1c Keke Sun Catholic University of Chile, MIPP Session 7.4c Shuqiao Sun University of Michigan Session 2.4c Xiang Sun Wuhan University Session 3.27i Xiaojin Sun University of Texas at El Paso Session 2.8c Xiuli Sun Southwestern University of Finance and Economics Session 5.1c Yeneng Sun National University of Singapore Session 4.16i Yi Sun The University of Sydney Session 6.5c Yifei Sun University of International Business and Economics Session 3.27i Yiguo Sun University of Guelph Session 8.24i Yongzhi Sun Texas A&M University Session 6.16c Yufeng Sun The Chinese University of Hong Kong Session 9.14c Miho Sunaga Osaka University Session 5.20c Savitar Sundaresan Imperial College London Session 6.4c Pramod Sur Osaka University Session 2.13c Eik Swee University of Melbourne Session 1.7c Martin Szydlowski University of Minnesota Session 3.7c

T Shuhei Takahashi Kyoto University Session 4.19c Reo Takaku Institute for Health Economics and Policy Session 7.21c Sumiko Takaoka Seikei University Session 1.6c Cheng-Tao Tang International University of Japan Session 2.17c Dragon Tang The University of Hong Kong Session 3.1c Haozhou Tang Universitat Pompeu Fabra Session 2.22c Huan Tang HEC Paris Session 4.7c Lixin Tang Shanghai University of Finance and Economics Session 3.19c Qianfeng Tang Shanghai University of Finance and Economics Session 9.26i Sam Tang University of Western Australia Session 1.22c Yang Tang Nanyang Technological University Session 1.1c Jing Tao University of Washington, Seattle Session 5.25i Emil Temnyalov University of Technology Sydney Session 3.13c Yves Boboy Togba Pusan National University Session 3.11c Eiichi Tomiura Hitotsubashi University Session 3.23i Kentaro Tomoeda University of Technology Sydney Session 6.27i Lanh Tran Indiana University Session 1.10c Daniel Trefler University of Toronto Session 5.28i Kelly Trinh The University of Queensland Session 7.13c Ping Chen Tsai Session 1.10c Kwok Ping Tsang Virginia Tech Session 4.6c Chung-Yi Tse The University of Hong Kong Session 6.7c Dimitrios Tsomocos University of Oxford Session 1.2c John Tsoukalas University of Glasgow Session 6.9c Takayuki Tsuruga Kyoto Unviersity Session 2.2c Masanori Tsuruoka Yokohama National University Session 4.9c

U Kenichi Ueda The University of Tokyo Session 4.18c Kozo Ueda Waseda University Session 1.20c Shyh-Fang Ueng National Chung-Cheng University Session 9.14c Takuya Ura University of California, Davis Session 8.26i Manachaya Uruyos Chulalongkorn University Session 1.16i

V Rosen Valchev Boston College Session 6.9c Sophie Van Huellen SOAS University of London Session 7.11c Hans Van Kippersluis Erasmus School of Economics Session 4.10c Francisco Vazquez-Grande Federal Reserve Board Session 9.6c Nicolaas J. Vriend Queen Mary University of London Session 9.9c Ha Vu Deakin University Session 9.2c Tien Vu Asian Growth Research Institute, Osaka University Session 9.3c Tuan Khai Vu Hosei University Session 4.12c

116 W Junmin Wan Fukuoka University Session 6.15c Yuanyuan Wan University of Toronto Session 4.14c Bin Wang Shanghai Jiao Tong University Session 9.5i Chien-Chiang Wang Washington University in St. Louis Session 7.24i Chunan Wang Toulouse School of Economics, French Civil Aviation University (ENAC) Session 7.18c Chun-Kai Wang Shandong University Session 9.17c Cong Wang Bond University Session 9.21c Danli Wang Shanghai University of International Business and Economics Session 3.9c Dazhong Wang Sun Yat-sen University Session 7.6c Fa Wang Syracuse University Session 8.24i Fan Wang University of Houston Session 8.19c Gang Wang Shanghai University of Finance and Economics Session 5.21c Jianxin Wang University of Technology Sydney Session 4.11c Jiao Wang The Australian National University, The University of Melbourne Session 2.8c Le Wang University of Oklahoma Session 2.25i Liang Wang University of Hawaii Manoa Session 2.27i Lisheng Wang The Chinese University of Hong Kong Session 7.23i Peijie Wang University of Plymouth Session 8.15c Pengfei Wang The Hong Kong University of Science and Technology Session 4.24i, Session 7.23i Qing Wang Peking University HSBC Business School Session 4.10c Qingbin Wang Johnson and Wales University Session 7.7c Ruixin Wang Hong Kong Baptist University Session 5.19c Shinn-Shyr Wang National Chengchi University Session 1.16i Taining Wang West Virginia University Session 9.19c Wei Wang University of International Business and Economics Session 4.23i Wenche Wang University of Florida Session 6.10c Wendun Wang Erasmus University Rotterdam Session 6.8c Wenjie Wang Hiroshima University Session 7.10c Wenya Wang University of Western Ontario Session 5.17c Xi Wang Shanghai Lixin University of Accounting and Finance Session 5.13c Xin Wang University of Toronto Session 8.1c Xuan Wang University of Michigan Session 6.23i Xuexin Wang Xiamen University Session 2.19c Yenan Wang Duke University Session 5.21c Yicheng Wang University of Oslo Session 2.15c Yikai Wang University of Oslo Session 5.7c Yin-Chi Wang The Chinese University of Hong Kong Session 1.16i Yu Wang Ryerson University Session 3.26i Zhi Wang George Mason University, University of International Business and Economics Session 6.13c Zhu Wang Federal Reserve Bank of Richmond Session 7.18c Zi Wang Shanghai University of Finance and Economics Session 1.25i Zigan Wang The University of Hong Kong Session 1.10c Frederic Warzynski Aarhus University Session 5.2c Mariko Watanabe Gakushuin University Session 3.15c Michael Weber The University of Chicago Session 9.25i Thomas Weber Ecole Polytechnique Federale de Lausanne Session 9.10c Bin Wei Federal Reserve Bank of Atlanta Session 5.15c Chao Wei George Washington University Session 4.25i Jaya Wen Yale University Session 2.23i Yi Wen Federal Reserve Bank of St. Louis Session 5.8c Sebastian Wende Australian National University Session 8.17c Xi Weng Guanghua School of Management, Peking University Session 1.5i , Session 5.10c Dainn Wie National Graduate Institute for Policy Studies Session 9.18c Jenny Williams University of Melbourne Session 2.1c Frank Windmeijer University of Bristol Session 7.5i Dong Chul Won Ajou University Session 2.18c Kyungsub Won Korea Advanced Institute of Science and Technology Session 9.13c Ho Lun Wong Lingnan University Session 3.16i Russell Wong Federal Reserve Bank of Richmond Session 7.24i Tak-Yuen Wong Shanghai University of Finance and Economics Session 8.5i

117 Tsz-Ning Wong Aalto University Session 4.4c Myrna Wooders Vanderbilt University Session 3.3i Bin Wu National University of Singapore Session 5.27i Binzhen Wu Tsinghua University Session 7.2c Chunzan Wu University of Miami Session 4.19c Jyh-Lin Wu National Sun Yat-sen University Session 2.11c Qinggong Wu The Chinese University of Hong Kong Session 7.3c Yanhui Wu University of Southern California Session 8.23i Zenan Wu Peking University Session 2.24i

X Xican Xi Fudan University Session 6.12c Fan Dora Xia Bank for International Settlements Session 8.8c Mo Xiao University of Arizona Session 6.2c Weilin Xiao Zhejiang University Session 9.5i Yizhou Xiao The Chinese University of Hong Kong Session 5.23i Huihua Xie The Chinese University of Hong Kong, Shenzhen Session 5.3c Jing Xing Shanghai Jiao Tong University Session 3.6c Qizhou Xiong Halle Institute for Economic Research Session 9.11c Siyang Xiong University of Bristol Session 3.7c Dacheng Xiu The University of Chicago Session 6.26i Daniel Xu Duke University Session 5.28i Dinghai Xu University of Waterloo Session 3.22c Jianhuan Xu Singapore Management University Session 8.16i Jin Xu Shandong University Session 5.27i Juanyi Xu The Hong Kong University of Science and Technology Session 9.23i Ke Xu Queen's University Session 1.10c Menghan Xu Xiamen University Session 1.15c Mingzhi Xu University of California, Davis Session 7.1c Qi Xu Zhejiang University Session 6.14c Shaofeng Xu Bank of Canada Session 5.12c Xinyi Xu The Chinese University of Hong Kong Session 3.8c Yang Xu University of Maryland, College Park Session 7.1c Yujing Xu The University of Hong Kong Session 1.15c Jing Xue Dongbei University of Finance and Economics Session 9.11c Xin Xue University of Virginia Session 8.3c

Y Ken Yamada Kyoto University Session 4.19c Fwu-Chang Yan Hubei University of Economics Session 1.13c Jin Yan The Chinese University of Hong Kong Session 4.5i Takahide Yanagi Hitotsubashi University Session 8.26i Chao Yang Shanghai University of Finance and Economics Session 8.6c Chuyi Yang Nanyang Technological University Session 9.14c Cynthia Fan Yang University of Southern California Session 8.9c Fang Yang Louisiana State University Session 8.14c Guanyi Yang Ohio State University Session 6.11c Hyunjoo Yang Korea Development Institute Session 9.21c Kai Yang Shanghai University of Finance and Economics Session 5.13c Lily Ling Yang University of Sydney Session 7.3c Siqiang Yang University of Pittsburgh Session 1.2c Songtao Yang South China University of Technology Session 7.11c Youzhi Yang Shanghai University of Finance and Economics Session 5.7c Zhe Yang University of Alabama Session 3.20c Feng Yao West Virginia University Session 2.7c Shuang Yao Wuhan University Session 4.20c Xingyuan Yao Zhejiang Financial College Session 5.15c Masaya Yasuoka Kwansei Gakuin University Session 7.21c Linlin Ye The Chinese University of Hong Kong, Shenzhen Session 4.11c Lixin Ye The Ohio State University Session 9.26i Maoliang Ye Xiamen University Session 9.8c Stephen Yeaple Pennsylvania State University Session 4.2c

118 Carlos Yepez University of Manitoba Session 3.11c Junjian Yi National University of Singapore Session 2.4c Kei-Mu Yi University of Houston Session 1.25i Murat Yilmaz Bogazici University Session 8.10c Ozgur Yilmaz Koc University Session 5.4c Seung Han Yoo Korea University Session 2.3c Naoki Yoshihara University of Massachusetts at Amherst Session 8.18c Hisayuki Yoshimoto University of Glasgow Session 5.26i Yang You Harvard University Session 5.6c Changhua Yu Peking University Session 9.23i Edison Yu Federal Reserve Bank of Philadelphia Session 5.20c Hang Yu University of Michigan Session 6.23i Haojun Yu Shanghai University of Finance and Economics Session 9.9c Jun Yu Singapore Management University Session 3.25i Pei Cheng Yu University of New South Wales Session 3.13c Ping Yu The University of Hong Kong Session 7.10c Suxiu Yu Toulouse School of Economics Session 3.10c Xinding Yu University of International Business and Economics Session 6.13c Zhengfei Yu University of Tsukuba Session 2.19c Yue Yuan The University of Chicago Session 2.6c Vivian Yue Emory University Session 4.23i Kazuhiro Yuki Kyoto University Session 5.1c Minchul Yum University of Mannheim Session 6.6c

Z Giulio Zanella University of Bologna Session 2.1c Chenhang Zeng RCGEB, Shandong University Session 1.11c Huaxia Zeng Lingnan College, Sun Yat-sen University Session 8.11c Ming Zeng Singapore Management University Session 2.11c Tao Zeng Wuhan University Session 3.25i Albert Zevelev Baruch CUNY Session 3.10c Anthony Lee Zhang Stanford University Session 5.4c Donghai Zhang Universitat Pompeu Fabra Session 2.8c Fudong Zhang Tsinghua University Session 6.6c Haiping Zhang University of Auckland Session 7.14c Hongliang Zhang Hong Kong Baptist University Session 3.16i Hongsong Zhang The University of Hong Kong Session 7.25i Ji Zhang Tsinghua University Session 3.2c Lei Zhang Shanghai Jiao Tong University Session 5.1c Mengxi Zhang University of Technology Sydney Session 7.8c Min Zhang East China Normal University Session 9.20c Min Zhang University of St Andrews Session 8.4c Ning Zhang University of Glasgow Session 2.2c Qilin Zhang The University of Hong Kong Session 5.10c Shajuan Zhang Yokohama National University Session 6.13c Shengxing Zhang The London School of Economics Session 7.24i Tianyu Zhang The Chinese University of Hong Kong Session 8.23i Weilong Zhang University of Pennsylvania Session 2.9c Wen Zhang Renmin University of China Session 9.6c Xiao Zhang Nankai University Session 7.19c Yahong Zhang University of Windsor Session 2.8c Yang Zhang The Hong Kong University of Science and Technology Session 5.14c Yichong Zhang Singapore Management University Session 9.11c Yifan Zhang The Chinese University of Hong Kong Session 8.25i Yinghong Zhang Washington University in St. Louis Session 2.9c Yongchao Zhang Shanghai University of Finance and Economics Session 4.16i Yonghui Zhang Renmin University of China Session 3.25i, Session 9.19c Yuzhe Zhang Texas A&M University Session 8.5i Zhiyuan Zhang Shanghai University of Finance and Economics Session 8.12c Bo Zhao Peking University Session 8.16i

119 Jake Zhao Peking University HSBC Business School Session 1.1c Jing Zhao The Chinese University of Hong Kong Session 7.25i Junzhu Zhao National University of Singapore Session 7.15c Ningru Zhao Nanjing Audit University Session 1.6c Xiaojian Zhao The Hong Kong University of Science and Technology Session 2.20c Yanyun Zhao Zhongnan University of Economics and Law Session 4.20c Yingnan Zhao University of Zurich Session 6.19c Yu Zheng City University of Hong Kong Session 8.13c Weijie Zhong Columbia university Session 6.3c Ge Zhou Zhejiang University Session 8.8c Hang Zhou George Washington University Session 9.6c Jie Zhou Bank of Canada Session 4.7c Jin Zhou The University of Chicago Session 4.21c Junjie Zhou National University of Singapore Session 5.14c Minghai Zhou University of Nottingham Ningbo China Session 5.2c Xiaolan Zhou East China Normal University Session 1.12c Yu Zhou Fudan University Session 4.5i Zhen Zhou Tsinghua University Session 3.10c, Session 9.8c Shuguang Zhu Toulouse School of Economics Session 2.20c Yu Zhu Bank of Canada Session 2.27i Ben Zou Michigan State University Session 3.26i Xuan Zou Rutgers University Session 7.19c Nick Zubanov University of Konstanz Session 9.24i

Bad Weather Arrangement

The arrangement for conference on approach of typhoons and rainstorms will be as follows:

Typhoon Signal Rainstorm Signal Signal Issued Arrangement for Sessions

No. 1 or No. 3 Amber or Red — As scheduled

7:00 a.m. or after All morning sessions cancelled

No. 8 or above Black Noon or after All afternoon sessions cancelled

After start of session Continue until the end of the session

Details of arrangement for conference will be announced at the conference website: http://www.econ.cuhk.edu.hk/2017AMES/program/conference-arrangements-under-bad-weather/

Website of Hong Kong Observatory: http://www.hko.gov.hk

Useful Numbers Emergency services (police, fire, ambulance) 999

Hong Kong International Airport +852 2181 8888

Hong Kong Observatory (for weather information) +852 1878 200

Hyatt Regency Hong Kong, Shatin +852 3723 1234

Telephone directory enquiries 1081

120 Asian Meeting 2017 of the Econometric Society

Configuration for Wi-Fi Connection

Android iOS Windows Macintosh

If you have any questions regarding Wi-Fi Connectivity at the Conference Venue, please visit the IT Help Desk located at G/F, Yasumoto International Academic Park (YIA).

121 Wi-Fi Login Credentials

Network CUguest User ID [email protected] Password econ2017

Configuration for Wi-Fi Connection

I. Android P. 123 - 125 II. iOS P. 126 - 127 III. Windows P. 128 - 131 IV. Macintosh (MacOS X 10.10 or above) P. 132 - 134 V. Best Practices for Accessing Public Wi-Fi Service P. 135

Note: Smartphone users should temporarily disable mobile data services such as GPRS, EDGE, UMTS or HSDPA provided by your mobile operator. This helps to avoid the associated service charges from your mobile operator caused by the accidental change of Internet access from the campus free Wi-Fi connections to mobile data services when the Wi-Fi signal becomes weak or inaccessible. For details of how to disable your mobile data services, please contact your mobile operator.

122 I. Connecting to Wi-Fi Service Android

1. Detect the Wi-Fi Signal of “CUguest”

a. Select “Settings > Wi-Fi” and move the “Wi-Fi” slider to “On”.

Under “Choose a Network”, select “CUguest”.

2. Connect to “CUguest”

a. A window of “Use Policies and Guidelines of CUguest Wi-Fi Service” will pop out.

Note: You can browse CUHK homepage (http://www.cuhk.edu.hk) without logging into “CUguest”. .

123 b. Click “Accept” to continue.

c. At the “CUguest” Wi-Fi Service login page, enter the User ID and Password.

124 I. Connecting to Wi-Fi Service Android

d. A window will pop up confirming your login.

You may enjoy “CUguest” Wi-Fi service from now on.

125 1. Detect the Wi-Fi Signal of “CUguest”

a. Select “Settings > Wi-Fi” and move the “Wi-Fi” slider to “On”.

Under “Choose a Network”, select “CUguest”.

2. Connect to “CUguest”

a. A window of “Use Policies and Guidelines of CUguest Wi-Fi Service” will pop out.

Note: You can browse CUHK homepage (http://www.cuhk.edu.hk) without logging into “CUguest”.

Click “Accept” to continue. .

126 II. Connecting to Wi-Fi Service iOS

b. At the “CUguest” Wi-Fi Service login page, enter the User ID and Password.

c. A window confirming your login will pop up.

You may enjoy “CUguest” Wi-Fi service from now on.

127 1. Detect the Wi-Fi Signal of “CUguest”

a. Turn on the Wi-Fi function of your computer (please refer to your computer’s user manual for more details)

Click the Wi-Fi icon on the system tray.

b. You should see the available wireless networks in the list.

Select “CUguest”, and then click “Connect”.

128 III. Connecting to Wi-Fi Service Windows

c. While connecting, you will see the following screen. Be patient while waiting for successful connection.

129 2. Connect to “CUguest” a. Open your browser and visit any website. Your browser will automatically lead you to the “Use Policies and Guidelines of CUguest Wi-Fi Service” page. Click “Accept” to continue. Note: You can browse the CUHK homepage (http://www.cuhk.edu.hk) without logging into “CUguest”.

b. At the “CUguest” Wi-Fi Service login page, enter the User ID and Password.

130 III. Connecting to Wi-Fi Service Windows

c. A window will pop up confirming your login. You may enjoy CUguest Wi-Fi service from now on.

131 1. Detect the Wi-Fi Signal of “CUguest”

a. Click the Wi-Fi icon ( or ) in the menu bar.

b. If Wi-Fi is off, choose “Turn Wi-Fi on”.

c. Select the “CUguest” Wi-Fi network from the list.

Please note the followings if you cannot see the Wi-Fi menu.

Enable the Wi-Fi menu from the Network pane of System Preferences

1. From the Apple menu, choose “System Preferences”.

2. Click “Network” in the “System Preferences” window.

3. Select “CUguest” in the list of available network connections.

4. Select (check) the option to “Show Wi-Fi status in menu bar”.

132 IV. Connecting to Wi-Fi Service Macintosh (MacOS X 10.10 or above)

2. Connect to “CUguest”

a. Open your browser and visit any website. Your browser will automatically lead you to “Use Policies and Guidelines of CUguest Wi-Fi Service” page. Click “Accept” to continue.

Note: You can browse the CUHK homepage (http://www.cuhk.edu.hk) without logging into “CUguest”.

b. At the “CUguest” Wi-Fi Service login page, enter the User ID and Password.

133 c. A window will pop up confirming your login. You may enjoy “CUguest” Wi-Fi service from now on.

134 V. Best Practices For Accessing Public Wi-Fi Service

You are encouraged to follow the best practices below when accessing a Wi-Fi service:

1. Please do not leave the wireless device unattended and disable wireless connection when it is not in use; 2. Please do not enable both wireless and wired network interface card at the same time; 3. Please do not connect to any uncertain or strange network and disconnect from accessing network when suspicious activities are observed; 4. Please do not send sensitive or personal information when using Wi-Fi service; 5. Please install and enable personal firewall, anti-virus and anti-spyware software and keep the associated definition files and security patches up-to-date; 6. Please turn off peer-to-peer ad-hoc mode networking, disable resource sharing, shut down split tunnels on VPNs, and configure the personal firewalls to prevent exposure of client ports; 7. Please remove your preferred network list when using public Wi-Fi service; 8. Please keep security patches and wireless network interface card drivers installed on the wireless device up-to-date as well as back up data regularly; 9. Please enable the wireless device’s power-on login, system login authentication, and password-protected screen saver; 10. Please check the authenticity of captive portal verifying the certificate of the website when accessing a public Wi-Fi service; 11. Please encrypt sensitive data stored on the device while accessing public Wi-Fi service.

135 Notes

136