EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 3

WELCOME MESSAGE

On behalf of Nova School of Business and Economics we are delighted to welcome you in Lisbon to the 43rd Annual Conference of the European Association for Research in Industrial Economics.

We wish to express gratitude to everybody who generously contributed to the success of this event. First, we are grateful to Alessandro Gavazza, for setting up a scientific programme of excellent quality. Second, we are grateful to the members of the scientific committee who helped Alessandro in his demanding job of selecting the very best papers for this event. Foremost, we would like to thank Patrícia Poças (Nova SBE) and Mundi- convenius for their ceaseless efforts to make everything run smoothly, and Ene Kannel (EIASM) for her in- valuable input along the process. We would also like to thank our sponsors CRAI, Anacom, Banco de Portugal and E.CA for their kind donations and helping us to make this conference a success.

The 43rd Conference of the EARIE offers an excellent opportunity for researchers and professionals inter- ested in Industrial Economics to exchange new views and discuss both theoretical and applied problems. The conference includes eight parallel sessions, six Rising Stars sessions, twelve invited speakers and three keynote speakers: Susan Athey (Stanford University), Steven Tadelis (University of California, Berkeley), and the outgoing EARIE president John Sutton (LSE).

We hope you enjoy the conference and wish you a very pleasant stay in Lisbon.

The EARIE 2016 LOC: Carlos Santos, Guido Maretto, Duarte Brito, Patrícia Poças, Steffen Hoernig (chair)

If you need help please call:

Steffen Hoernig: (+351) 964 409 677 Patrícia Poças: (+351) 919 234 352

Sponsors 4 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics CONTENTS

2 FLOOR MAPS 3 WELCOME MESSAGE 5 NOVA SBE 6 GENERAL INFORMATION 7 SCIENTIFIC COMMITTEE 8 YOUNG ECONOMISTS’ ESSAY AWARDS 8 KEYNOTE SPEACHES 9 INVITED SESSIONS 9 RISING STAR SESSIONS 9 INFORMATION FOR SPEAKERS 10 DETAILED PROGRAMME 10 Friday, August 26th 19 Saturday, August 27th 39 Sunday, August 28th 55 INDEX OF PRESENTERS 60 INFORMATION ABOUT LISBON AND PORTUGAL 63 CAMPUS AND CITY MAPS EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 5

NOVA SBE

The 43rd EARIE Annual Conference is organized by Nova School of Business and Economics.

Nova School of Business and Economics is the most prestigious Portuguese school in the areas of Economics and Management. It is a triple crown-accredited school with three Masters programs and Executive Education programs in the FT rankings, and classified as a Universal Business School (5 Palmes) with 11 Masters among the best in the Eduniversal rankings. Nova SBE is also a member of the prestigious CEMS network having won twice the title of CEMS School of the year (2010, 2011).

Since its establishment in 1976, it has been a pioneer in Portugal in several areas, being the first to offer a full- time MBA program (1982), the first to start teaching in English and the first to be internationally accredited (EQUIS 2004).

Nova School of Business and Economics has stepped up its activity at the international level, not only as an institution but also in terms of its program portfolio. It has founded is 2009 a business school in Africa - Nova Angola Business School -, offers the only FT-ranked MSc in Finance in Brazil, and implemented Executive Education programs in such diverse locations as Mozambique, Brazil and Northern and Eastern Europe 6 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

GENERAL INFORMATION

Conference Venue Nova School of Business and Economics Campus de Campolide 1099-032 Lisboa Portugal

Registration and assistance The registration desk is located at the entrance of the Nova SBE building.

Programme changes General announcements, last-minute changes and updates to the programme will be displayed on the message board next to the registration desk.

Badges Your name badge signals your admission to the conference, please make sure you wear it at all times, also during social events.

Conference assistants In the conference venue there are conference assistants which will help you find your way around and with problems in conference rooms.

Catering Lunches and coffee breaks are held in the tents behind Nova SBE.

Conference Rooms All rooms are equipped with a PC with USB ports, Microsoft Office, Adobe Acrobat Reader, projector, and a screen.

Campus Access The main entrance to the campus will be closed for cars on Sunday, but there is a secondary access on Travessa Estêvão Pinto.

Internet connection at the Conference venue In the conference venue, you will be able to access the Internet via WiFi.

WIFI: All users who have access to the Eduroam wireless network should preferably use their own accounts. If you do not have an Eduroam account, please use the following login data: Network eduroam Username: [email protected] Password: $989a88s

This network can be used at any location with wireless coverage on campus.

Registration fee The registration fee includes EARIE Membership, admission to all scientific sessions, conference materials (congress bag, badge, programme, etc.), certificate of participation, coffee breaks and luncheons, admission to welcome cocktail and conference dinner. EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 7

SCIENTIFIC COMMITTEE

The Scientific Committee for EARIE 2016 is chaired by Alessandro Gavazza (London School of Economics). He is a co-editor of the Journal of Industrial Economics and a research fellow of the CEPR. His research focuses on the role of frictions in markets. He has also studied the role of information in elections, and the interactions between labor and healthcare markets. His research has been published in the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies.

Head: Alessandro Gavazza

Victor Aguirregabiria (U Toronto) Gerard Llobet (CEMFI) Simon Peter Anderson (U Virginia) Inés Macho-Stadler (Barcelona Graduate School of Economics) John Asker (UCLA) Christian Michel (Universitat Pompeu Fabra) Heski Bar-Isaac (U Toronto) Jeanine Miklos-Thal (U Rochester) Pedro Pita Barros (Nova Lisbon) Jose L. Moraga-Gonzalez (VU U Amsterdam) Michael Baye (Kelley School of Business) David P Myatt (LBS) Paul Belleflamme (Université Catholique de Louvain) Kathleen Nosal (U Mannheim) Gary Biglaiser (U North Carolina) Hans-Theo Normann (DICE Düsseldorf) Francis Bloch (Paris School of Economics) Carlos Esteban Noton (Universidad de Chile) Jan Boone (Tilburg U) Marco Ottaviani (Bocconi U) Bart J. Bronnenberg (Tilburg U) Martin Peitz (U Mannheim) Luis Cabral (NYU Stern) Pedro Pereira (CEFAGE) Giacomo Calzolari (U Bologna) Helena Perrone (Universitat Pompeu Fabra) Carlo Cambini (Florence School of Regulation) Emmanuel Petrakis (U Crete) Bruno Cassiman (IESE) Andrea Pozzi (Einaudi Institute for Economics and Finance) Federico Ciliberto (U Virginia) Mar Reguant (Northwestern U) Sofronis Clerides (U Cyprus) Regis Renault (Université Paris Dauphine) Pascal Guy Courty (U Victoria) Patrick Rey (Toulouse School of Economics) Gregory S Crawford (U Zurich) Bradley J. Ruffle (Wilfrid Laurier U) Jan De Loecker (Princeton U) Jozsef Sakovics (The U of Edinburgh) Vincenzo Denicolo (U Leicester) Carlos Santos (Nova Lisbon) Pierre Dubois (Toulouse School of Economics) Pasquale Schiraldi (LSE) Liran Einav (Stanford U) Fabiano Schivardi (Luiss U) Alon Eizenberg (Hebrew U) Philipp Schmidt-Dengler (U Vienna) Winand Emons (U Bern) Armin Schmutzler (U Zurich) Susanna Esteban (Barcelona Graduate School of Economics) Christian Schultz (U Copenhagen) Natalia Fabra (Carlos III Madrid) Nicolas Schutz (U Mannheim) Rosa Ferrer (Universitat Pompeu Fabra) Howard William Smith (Oxford U) Arthur Fishman (Bar-Ilan U) Michelle Sovinsky (U Mannheim) Chiara Fumagalli (Bocconi U) Giancarlo Spagnolo (SITE) Philippe Gagnepain (PSE) Yossi Spiegel (Tel Aviv U) Juanjo Ganuza (Universitat Pompeu Fabra) Frode Steen (NHH) Alessandro Gavazza (LSE) John Sutton (LSE) Thomas Paul Gehrig (U Vienna) Otto Toivanen (KU Leuven) David Genesove (Hebrew U) Catherine Tucker (MIT) Matthew Gentry (LSE) Hannes Ullrich (U Zurich) Jacob Goeree (University of Technology Sydney) Tommaso Valletti (Imperial College) Dietmar Harhoff (Max-Planck Munich) Johannes Van Biesebroeck (KU Leuven) Paul Heidhues (ESMT) Frank Verboven (KU Leuven) Steffen Hoernig (Nova SBE, Lisbon) Nikos Vettas (Athens U of Economics and Business) Elisabetta Iossa (Università degli Studi di Roma) Reinhilde Veugelers (KU Leuven) Maarten Janssen (U Vienna) Sofia Villas-Boas (U California, Berkeley) Doh-Shin Jeon (U Toulouse) Matthijs R Wildenbeest (Kelley School of Business) Ulrich Kaiser (U Zurich) Julian Wright (NU Singapore) Myrto Kalouptsidi (Princeton U) Yaron Yehezkel (Tel Aviv U) Tobias Kretschmer (LMU Munich) Christine Zulehner (Goethe University Frankfurt) Saul Lach (The Hebrew U of Jerusalem) Patrick Legros (ECARES) 8 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

YOUNG ECONOMISTS’ ESSAY AWARDS The EARIE Conference is aiming to encourage and foster young researchers in Industrial Economics, and the Young Economists’ Essay Awards (YEEA) support that aim by recognizing innovative, impressive work that is likely to have an impact.

The criteria for the YEEA award are that the author (or all authors of a multiple-authored paper) must be under 35 years old and have completed their PhDs less than 5 years ago. Each year one of the YEEAs recognizes work with a policy contribution and is dedicated to the late Paul Geroski. This year is the 11th time that EARIE bestows this award in Paul Geroski’s memory.

More than 100 submissions were eligible for the award, and were considered by a committee consisting of Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinsky (University of Mannheim), and John Sutton (London School of Economics).

THE YEEA WINNERS ARE: 1 - Estimation of Discrete Games with Weak Assumptions on Information by Lorenzo Magnolfi, Yale University (Presenter); and Camilla Roncoroni, Yale University

2 - Do Low Price Guarantees Hurt Consumers? Theory and Evidence by Samir Mamadehussene, Northwestern University 11th EARIE Paul Geroski Prize for the most significant policy contribution

3 - Network Competition in the Airline Industry: A Framework for Empirical Policy Analysis by Zhe Yuan, University of Toronto

Selection Committee: Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinski (University of Mannheim), and John Sutton (London School of Economics).

KEYNOTE SPEACHES Susan Athey: “Aggregators, Intermediaries, and Internet News Consumption” 26/08, 13:15 – 14:30 (Reitoria) Susan Athey is The Economics of Technology Professor at the Stanford Graduate School of Business. Her current research focuses on the design of auction-based marketplaces and the economics of the internet, primarily on online advertising and the economics of the news media. She has also studied dynamic mechanisms and games with incomplete information, comparative statics under uncertainty, and econometric methods for analyzing auction models. She won the John Bates Clark Medal in 2007.

Steve Tadelis: “Reputation, Feedback and Other Signals in Online Markets” 27/08, 16:30 – 17:45 (Reitoria) Steven Tadelis is Professor of Economics, Business and Public Policy, Joe Shoong Chair in International Business, at the Haas School of Business, University of California Berkeley. His research focuses on firm reputation; the effects of contract design and organizational form on firm behavior; public and private sector procurement and award mechanisms; and, most recently, the economics of e-commerce.

John Sutton (Presidential Address): “A Flash in the Pan or A New African Dawn? Prospects and Challenges for African Industrialisation” 28/08, 16:30 – 17:45 (Reitoria) John Sutton is the Sir John Hicks Professor of Economics at the London School of Economics. His research focuses on market structure and industrial evolution, most recently applied to developing countries. He is the outgoing President of EARIE. EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 9

INVITED SESSIONS The EARIE 2016 Conference will include the following invited sessions, all taking place in room A120:

1 – Finance and IO (26/08, 14:45 – 16:15) Jakub Kastl (Princeton), Gregor Matvos (Chicago)

2 - Information in Markets (26/08, 16:45 – 18:15) Alessandro Bonatti (MIT), Matt Mitchell (Toronto)

3- Consumer Search (27/08, 11:30 – 13:00) Yongmin Chen (Colorado), Jidong Zhou (Yale)

4- Media (27/08, 14:30 – 16:00) Gregory Crawford (Zurich), Joel Waldfogel (Minnesota)

5- Regulated Markets (28/08, 11:30 – 13:00) Igal Hendel (Northwestern), Hunt Allcott (NYU)

6- Behavioral IO (28/08, 14:30 – 16:00) Rani Spiegler (Tel Aviv), Paul Heidhues (ESMT)

RISING STARS SESSIONS Following their successful introduction at EARIE 2015 in Munich, “Rising Stars” sessions highlight the best graduate student submissions. To provide valuable feedback to promising young scholars, papers are discussed individually by senior scholars. Please check the session list for presenters, papers and discussants.

INFORMATION FOR SPEAKERS Conference Rooms All conference rooms are equipped with a notebook with USB ports, Microsoft Office, Adobe Acrobat Reader, and a projector. Note for presenters and discussants: please use these notebooks for your presentations and bring along your slides on a USB memory device. Please arrive 10 minutes prior to the start of the session to upload your presentation to the notebook before the session starts.

Duration To ensure the smooth proceeding of the Conference, please start and finish the sessions on time. Please note that each presenter has approximately 25 minutes for the presentation, the remaining time should be left for discussion. The chair and the speakers should agree on the precise timing and format of the discussion: that is whether it covers the session as a whole or comes following each paper.

Session Chairs Chairs are invited to come to the room 10 minutes prior to the start of the session. They introduce the topic and the speakers, make sure that the time rules are followed and guide the general discussion following the presentation. They should also coordinate with the speakers and agree on the form and precise timing of the discussion. The conference programme identifies the chairs for each session: in case the scheduled chair does not show up, the presenter of the session’s last paper is expected to take over the role of the chair. 10 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

DETAILED PROGRAMME

Session Chair: Sandro Shelegia, Pompeu Fabra University Session 1: Advertising I Session type: contributed August 26, 2016 14:45 to 16:15 Business models in commercial media markets: Bargaining, advertising, and mixing Room ISEGI 1 By Alexander Rasch; Duesseldorf Institute for Competition Economics, University of Duesseldorf; Miriam Thoene; University of Duesseldorf; Tobias Wenzel; University of Bath Presented by: Miriam Thoene, University of Duesseldorf

How Effective Are Advertising Bans? On the Demand for Quality in Two-Sided Media Markets By Tanja Greiner; University of Munich; Marco Sahm; U Bamberg Presented by: Marco Sahm, U Bamberg

Advertising and Price Competition in Online Markets By Hamid Aghadadashli; U Düsseldorf Presented by: Hamid Aghadadashli, U Düsseldorf

Session Chair: Michelle Sovinsky, U Mannheim Session 2: Finance and IO Session type: invited August 26, 2016

14:45 to 16:15 Estimating Demand Systems for Financial Products Room A120 By Jakub Kastl; Princeton University Presented by: Jakub Kastl, Princeton University

The Market for Financial Adviser Misconduct By Gregor Matvos; University of Chicago Presented by: Gregor Matvos, University of Chicago

Session Chair: Kohei Kawaguchi, Hitotsubashi University Session 3: Airlines I Session type: contributed August 26, 2016 14:45 to 16:15 Balancing Competition and Cooperation: Evidence from Transatlantic Airline Markets Room 143 By Kai Hueschelrath; ZEW Mannheim Presented by: Kai Hueschelrath, ZEW Mannheim

The hidden side of dynamic pricing in airline markets By Marco Alderighi; Universita’ della Valle d’Aosta Alberto Gaggero; University of Pavia Claudio Piga; Keele University, UK Presented by: Claudio Piga, Keele University, UK

Does Competition Increase Quality? Evidence from the US Airline Industry By Ricard Gil; Johns Hopkins Myongjin Kim; U Oklahoma Presented by: Myongjin Kim, U Oklahoma EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 11

Session Chair: Matthew Olczak, Aston Business School Session 4: Collusion I Session type: contributed August 26, 2016

14:45 to 16:15 Cooperation vs. Collusion: How Essentiality Shapes Co-opetition Room 217 By Patrick Rey; Toulouse School of Economics Jean Tirole; Toulouse School of Economics Presented by: Patrick Rey, Toulouse School of Economics

The scope for collusion under different pricing schemes By Florian Goessl; University of Cologne Alexander Rasch; Duesseldorf Institute for Competition Economics, University of Duesseldorf Presented by: Alexander Rasch, Duesseldorf Institute for Competition Economics, University of Duesseldorf

Pricing Behaviour of Cartel Outsiders in Incomplete Cartels By Johannes Odenkirchen; University of Düsseldorf Presented by: Johannes Odenkirchen, University of Düsseldorf

Session Chair: Axel Gautier, U Liege, HEC Management School Session 5: Delegation Session type: contributed August 26, 2016

14:45 to 16:15 Delegating relational contracts to corruptible intermediaries Room 215 By Marta Troya-Martinez; New Economic School Liam Wren-Lewis; Paris School of Economics (INRA) Presented by: Marta Troya-Martinez, New Economic School

Strategic Short-Termism: Implications for the Management and Acquisition of Customer Relationships By Topi Miettinen; Hanken School of Economics Rune Stenbacka; Hanken School of Economics Presented by: Rune Stenbacka, Hanken School of Economics

Information and endogenous delegation in a rent-seeking contest By Lambert Schoonbeek; U Groningen Presented by: Lambert Schoonbeek, U Groningen

Session Chair: Michael Waterson, U Warwick Session 6: Electricity Markets I Session type: contributed August 26, 2016

14:45 to 16:15 Persistent and transient productive inefficiency in a regulated industry: electricity Room 240 distribution in New Zealand By Massimo Filippini; University of Lugano and ETH Zurich (Joi William Greene; New York University Giuliano Masiero; University of Lugano Presented by: Giuliano Masiero, University of Lugano

Mergers and Cost Efficiency in the Electricity Distribution Industry By Robert Clark; HEC Montreal Mario Samano; HEC Montreal Presented by: Mario Samano, HEC Montreal

Disincentive Regulation: Evidence for Ratchet Effect among German Electricity Distribution System Operators By Michael Hellwig; ZEW Mannheim Dominik Schober; ZEW Mannheim Presented by: Michael Hellwig, ZEW Mannheim 12 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Ian Gregory-Smith, U Sheffield Session 7: Entrepreneurship Session type: contributed August 26, 2016

14:45 to 16:15 Gender and Entrepreneurial Success: Evidence from a Field Experiment Room 117 By Armando J. Garcia Pires; Norwegian School of Economics (NHH) Lars Ivar Berge; Norwegian School of Economics (NHH) Presented by: Armando J. Garcia Pires, Norwegian School of Economics (NHH)

A General Equilibrium Theory of Firm Formation under Optimal Expectations By Luis Santos-Pinto; U Lausanne Michele Dell’Era; Bocconi University Presented by: Luis Santos-Pinto, U Lausanne

Session Chair: Peter Newberry, Pennsylvania State University Session 8: Media and Entertainment Session type: contributed Markets

August 26, 2016 Economics of Music Charts: Market Concentration and Product Variety 14:45 to 16:15 By Joanna Syrda; University of Bath Room 219 Presented by: Joanna Syrda, University of Bath

Moving Music Licensing Into The Digital Era: More Competition And Less Regulation > slides By Thomas Lenard; Technology Policy Institute Lawrence White; New York University Presented by: Lawrence White, New York University

Session Chair: Philippe Chone, CREST Session 9: Mergers I Session type: contributed August 26, 2016

14:45 to 16:15 Merger Guidelines for Bidding Markets Room 209 By Philippe Gagnepain; Paris School of Economics David Martimort; Paris School of Economics Presented by: Philippe Gagnepain, Paris School of Economics

The Impact of Merger Legislation on Bank Mergers By Elena Carletti; Bocconi Steven Ongena; University of Zurich Jan-Peter Siedlarek; Federal Reserve Bank of Cleveland Giancarlo Spagnolo; Stockholm School of Economics Presented by: Jan-Peter Siedlarek, Federal Reserve Bank of Cleveland

Merger Efficiency Gains: An Assessment of the French Urban Transport Industry By Joanna Piechucka; U Paris 1 Panthéon-Sorbonne Presented by: Joanna Piechucka, U Paris 1 Panthéon-Sorbonne EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 13

Session Chair: Tim Hellmann, Bielefeld University Session 10: Networks I Session type: contributed August 26, 2016

14:45 to 16:15 Entry into complementary goods markets with network effects Room 301 By Gaston Llanes; Catholic U of Chile Andrea Mantovani; University of Bologna Francisco Ruiz-Aliseda; Catholic U of Chile Presented by: Andrea Mantovani, University of Bologna

Interconnection and Prioritization By Pio Baake; DIW Berlin Slobodan Sudaric; Humboldt University of Berlin Presented by: Slobodan Sudaric, Humboldt University of Berlin

Compatibility, Intellectual Property, Innovation and Welfare in Durable Goods Markets with Network Effects > slides By Athanasios Athanasopoulos; Leicester Business School Presented by: Athanasios Athanasopoulos, Leicester Business School

Session Chair: Matthew Ellman, Institute for Economic Analysis (CSIC) Session 11: Organizations Session type: contributed August 26, 2016

14:45 to 16:15 Communication Costs and the Internal Organization of Multi-Plant Businesses: Room 118 Evidence from the Impact of the French High-Speed Rail By Claire Lelarge; Crest et RITM - Paris Saclay University Pauline Charnoz Corentin TREVIEN Presented by: Claire Lelarge, Crest et RITM - Paris Saclay University

The Impact of Public-Private Partnerships on productivity of the Italian District Heating industry By Vincenzo Mollisi Presented by: Vincenzo Mollisi

The Impact of Organization Costs when Firm-selection Matters By Marco dePinto; Trier University Jörg Lingens; U Münster Presented by: Marco dePinto, Trier University

Session Chair: Carmine Ornaghi, University of Southampton Session 12: Pharmaceuticals I Session type: contributed August 26, 2016

14:45 to 16:15 Delisting of pharmaceuticals from insurance coverage: effects on consumption, Room 144 pricing and expenditures in France By Laura Lasio; McGill University Presented by: Laura Lasio, McGill University

Growth and returns to new products and pack varieties: The case of UK pharmaceuticals By Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Farasat Bokhari; University of East Anglia Franco Mariuzzo; University of East Anglia Presented by: Farasat Bokhari, University of East Anglia 14 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Özlem Bedre-Defolie, European School of Management and Technology Session 13: Platforms I Session type: contributed August 26, 2016 14:45 to 16:15 A note on partial merchant internalization and MIT threshold Room 203 By Vilen Lipatov; Compass Lexecon Brussels Presented by: Vilen Lipatov, Compass Lexecon Brussels

Taxation of a Digital Monopoly Platform By Marc Bourreau; Telecom ParisTech Presented by: Marc Bourreau, Telecom ParisTech

Vertical Mergers in Two-Sided Markets By Jerome Pouyet; PSE Thomas Tregouet; Université de Cergy-Pontoise Presented by: Thomas Tregouet, Université de Cergy-Pontoise

Session Chair: Thomas von Ungern-Sternberg, UNIL Session 14: Pricing I Session type: contributed August 26, 2016 14:45 to 16:15 Do Low Price Guarantees Hurt Consumers? Theory and Evidence Room 119 By Samir Mamadehussene; Northwestern University Presented by: Samir Mamadehussene, Northwestern University

Promotional Allowances By Teis Lømo; University of Bergen Simen Ulsaker; Norwegian School of Economics Presented by: Teis Lømo, University of Bergen

Payment Evasion >slides By Stefan Buehler; University of St. Gallen Daniel Halbheer; HEC Paris Michael Lechner; Swiss Institute for Empirical Economic Research (SEW), University of St. Ga Presented by: Stefan Buehler, University of St. Gallen

Session Chair: Marie Laure Allain, Ecole Polytechnique Session 15: Retail Markets Session type: contributed August 26, 2016 14:45 to 16:15 Estimating Store Choices with Endogenous Shopping Bundles and Price Uncertainty Room A223 By Hyunchul Kim; Sungkyunkwan University Kyoo il Kim; Michigan State University Presented by: Hyunchul Kim, Sungkyunkwan University

How Market Frictions Destroy the Incentives to Invest in Quality: An Application to the Grocery Retail Industry By Guillermo Marshall; University of Illinois at Urbana-Champaign Tiago Pires; U North Carolina Presented by: Guillermo Marshall, University of Illinois at Urbana-Champaign

Estimating the Effects of Deregulation in the Ontario Alcohol Retail Market By Victor Aguirregabiria; University of Toronto Presented by: Victor Aguirregabiria, University of Toronto EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 15

Session Chair: Sofronis Clerides, University of Cyprus Session 16: Rising Stars I Session type: contributed August 26, 2016

14:45 to 16:15 Are Consumers Myopic? Evidence From Handset and Mobile Services Choices Room A224 By Ambre Nicolle; Université de Montpellier and Telecom ParisTech Presented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTech Discussant: Gregory Crawford, U Zürich

Dynamic Pricing under Capacity-constrained Competition with a Deadline By Philipp Dimakopoulos; Humboldt University Berlin Presented by: Philipp Dimakopoulos, Humboldt University Berlin Discussant: Alessandro Bonatti, Massachusetts Institute of Techology Slo

Building an Online Reputation with Free Content: Evidence from the E-book Market By Dainis Zegners; LMU Munich Presented by: Dainis Zegners, LMU Munich Discussant: Sofronis Clerides, University of Cyprus

Session Chair: Michal Grajek, ESMT European School of Management and Technology Session 17: Telecoms I Session type: contributed August 26, 2016

14:45 to 16:15 Are Consumers Myopic? Evidence From Handset and Mobile Services Choices Room 241 By Ambre Nicolle; Université de Montpellier and Telecom ParisTech Presented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTech Discussant: Gregory Crawford, U Zürich

A Price Concentration Study On European Mobile Telecom Markets By Pauline Affeldt; DIW Berlin Rainer Nitsche; ESMT Presented by: Pauline Affeldt, DIW Berlin

Margin Squeeze Regulation and Infrastructure Competition By Niklas Horstmann; Karlsruhe Institute of Technology Jan Krämer; University of Passau Daniel Schnurr; Karlsruhe Institute of Technology Presented by: Daniel Schnurr, Karlsruhe Institute of Technology

Internet and Politics: Evidence from U.K. Local Elections and Local Government Policies By Mattia Nardotto; DIW Berlin Alessandro Gavazza; London School of Economics Tommaso Valletti; Imperial College London Presented by: Mattia Nardotto, DIW Berlin 16 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Iwan Bos, Maastricht U Session 18: Collusion II Session type: contributed August 26, 2016 16:45 to 18:15 A registered Cartel and its End. Cementing Austrian Industry Structure Room 215 By Nikolaus Fink; WU Vienna University of Business and Economics Presented by: Nikolaus Fink, WU Vienna University of Business and Economics

Estimating Unilateral and Coordinated Effects of Vertical Integration By Masato Nishiwaki; Waseda U Presented by: Masato Nishiwaki, Waseda U

The Incidence of Fines on Cartel Dynamic Pricing By Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Franco Mariuzzo; University of East Anglia Peter Ormosi; University of East Anglia Presented by: Anna Rita Bennato, Centre for Competition Policy and Oxford Brookes U

Session Chair: Jidong Zhou, Yale University Session 19: Information in Markets Session type: invited August 26, 2016 16:45 to 18:15 Free (Ad)vice Room A120 By Matthew Mitchell; University of Toronto Presented by: Matthew Mitchell, University of Toronto

Information Revelation and Consumer Privacy By Alessandro Bonatti; Massachusetts Institute of Techology Slo Presented by: Alessandro Bonatti, Massachusetts Institute of Techology Slo

Session Chair: Lawrence White, New York University Session 20: Corporate Governance Session type: contributed August 26, 2016 16:45 to 18:15 The impact of `A-day’ on executive pensions and pay for performance Room 102 By Damon Morris; University of Sheffield Ian Gregory-Smith; U Sheffield Brian Main; University of Edinburgh Alberto Montagnoli; University of Sheffield Peter Wright; University of Sheffield Presented by: Ian Gregory-Smith, U Sheffield

Strategic Corporate Social Responsibility By Lisa Planer-Friedrich; University of Bamberg Marco Sahm; U Bamberg Presented by: Lisa Planer-Friedrich, University of Bamberg

How do Labor Representatives Affect Incentive Orientation of Executive Compensation? By Katharina Dyballa; TU Dortmund University Kornelius Kraft; University of Dortmund Presented by: Katharina Dyballa, TU Dortmund University EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 17

Session Chair: Christian Bontemps, Toulouse School of Economics Session 21: Demand Estimation Session type: contributed August 26, 2016 16:45 to 18:15 When can a demand system be described by a multinomial logit with income effect? Room 219 By Jacques Thisse; CORE Philipp Ushchev; Higher School of Economics, Moscow Presented by: Philipp Ushchev, Higher School of Economics, Moscow

Random Coefficient Demand Estimation by Optimal Instrument-Based Continuously Updated GMM By Zsolt Sandor; Sapientia University Miercurea Ciuc Presented by: Zsolt Sandor, Sapientia University Miercurea Ciuc

Session Chair: Myongjin Kim, U Oklahoma Session 22: Entry Session type: contributed August 26, 2016 16:45 to 18:15 Estimation of Discrete Games with Weak Assumptions on Information Room 217 > slides By Lorenzo Magnolfi; Yale University Camilla Roncoroni Presented by: Lorenzo Magnolfi, Yale University

Public procurement and the right to health: entry into pharmaceutical markets with firm heterogeneity > slides By Eduardo Fiuza; IPEA Camila Ferraz; STN/MF Brasil Rafael Mourão; IPEA Presented by: Eduardo Fiuza, IPEA

Sales Tax, E-commerce, and Amazon’s Fulfillment Center Network By Jean Francois Houde; University of Pennsylvania Peter Newberry; Pennsylvania State University Katja Seim; University of Pennsylvania Presented by: Peter Newberry, Pennsylvania State University

Session Chair: Ronald Peeters, Maastricht University Session 23: Experiments I Session type: contributed August 26, 2016 16:45 to 18:15 Entry by Successful Speculators in Auctions with Resale Room 143 By Marco Pagnozzi; Universita’ di Napoli Federico II Presented by: Marco Pagnozzi, Universita’ di Napoli Federico II

Reputation in a vertically integrated market - An Experiment By Claudia Moellers; Duesseldorf Institute for Competition Economics (DICE) Presented by: Claudia Moellers, Duesseldorf Institute for Competition Economics (DICE)

Collusion and Bargaining in Asymmetric Cournot Duopoly---An Experiment By Christian Fischer; Düsseldorf University Hans-Theo Normann; U Düsseldorf Presented by: Hans-Theo Normann, U Düsseldorf 18 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Armin Schmutzler, University of Zurich Session 24: Innovation I Session type: contributed August 26, 2016 16:45 to 18:15 Too Talented to Innovate? Dynamic Entrepreneurial Reputation, Project Selection Room 117 and Welfare By David Zvilichovsky; Tel Aviv University Noam Shamir; Tel-Aviv University Presented by: David Zvilichovsky, Tel Aviv University

Delaying Product Innovation: A Dynamic Analysis with Endogenous Time Horizon By Serhat Gezer; University Bielefeld Presented by: Serhat Gezer, University Bielefeld

Session Chair: Amedeo Piolatto, Barcelona Economics Institute Session 25: IO Theory I Session type: contributed August 26, 2016 16:45 to 18:15 Monopolistic Competition, Entry Subsidies, and Capital Intensity of Investments Room 241 By Markos Jung; University of Münster, Institute of Public Economics Presented by: Markos Jung, University of Münster, Institute of Public Economics

The effect of inter-temporal arbitrage on consumers By Michael Waterson; U Warwick Presented by: Michael Waterson, U Warwick

Endogenizing monopolistic competition By Sergey Kokovin; Novosibirsk State University, IM SB RAS, NRU Higher School of Economics Mathieu Parenti; Université Libre de Bruxelles Jacques Thisse; Universite catholique de Louvain Presented by: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics

Session Chair: Stefan Buehler, University of St. Gallen Session 26: Networks II Session type: contributed August 26, 2016 16:45 to 18:15 R&D Investments under Endogenous Cluster Formation Room 144 By Herbert Dawid; U Bielefeld Tim Hellmann; Bielefeld University Presented by: Tim Hellmann, Bielefeld University

R&D oligopolies, entry and networks By Filomena Garcia; Indiana University Penelope Hernandez Manuel Munoz-Herrera; University of Groeningen Presented by: Filomena Garcia, Indiana University

Knowledge Spillovers and their Impact on Innovation Success – A New Approach Using Patent Backward Citations By Spyros Arvanitis; KOF Swiss Economic Institute Florian Seliger; ETH Zurich Martin Woerter; ETH Zürich Presented by: Florian Seliger, ETH Zurich EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 19

Session Chair: Jorge Lemus, University of Illinois Urbana Champaign Session 27: Patents I Session type: contributed August 26, 2016 16:45 to 18:15 Dynamic effects of patent pools: Evidence from inter-generational competition in Room 209 optical disk industry By Sadao Nagaoka; Tokyo Keizai U Presented by: Sadao Nagaoka, Tokyo Keizai U

Contribution of patent examination to making the patent scope consistent with the invention: Evidence from Japan By Yoshimi Okada; Hitotsubashi University Yusuke Naito; Hitotsubashi University Sadao Nagaoka; Tokyo Keizai U Presented by: Yoshimi Okada, Hitotsubashi University

Optimal Patent Protection with Sequential and Complementary Innovations By Vincenzo Denicolo; University of Leicester Piercarlo Zanchettin; University of Leicester Presented by: Piercarlo Zanchettin, University of Leicester

Session Chair: Thomas Tregouet, Université de Cergy-Pontoise Session 28: Platforms II Session type: contributed August 26, 2016 16:45 to 18:15 Search platforms: Showrooming and price parity clauses Room 240 By Chengsi Wang; University of Mannheim Julian Wright; National University of Singapore Presented by: Chengsi Wang, University of Mannheim

Anti-competitive Effects of Across Platform Parity Agreements on the Online Booking Market By Thomas Larrieu; Ecole Polytechnique Presented by: Thomas Larrieu, Ecole Polytechnique

Platform Price Parity Clauses with Direct Sales By Bjørn Olav Johansen; University of Bergen Thibaud VERGE; CREST Presented by: Thibaud VERGE, CREST 20 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Koki Oikawa, Waseda University Session 29: R & D and Innovation I Session type: contributed August 26, 2016 16:45 to 18:15 Alliances and the innovative performance of corporate and public research spin-offs Room 118 By John Hagedoorn; University Maastricht Boris Lokshin; University of Maastricht Stéphane Malo; Amercian University of Paris Presented by: Stéphane Malo, Amercian University of Paris

Key success drivers in public research grants: Funding the seeds of radical innovation in academia? By Albert Banal-Estañol; UPF and BGSE Ines Macho-Stadler; Universitat Autonoma de Barcelona and BGSE David Perez-Castrillo; UAB Presented by: David Perez-Castrillo, UAB

Macroeconomic conditions and efficiency of public R&D By Michele Cincera; Université Libre de Bruxelles Virginie Maghe; Solvay Brussels School of Economics and Management Anabela Santos; Université Libre de Bruxelles Presented by: Anabela Santos, Université Libre de Bruxelles

Session Chair: Alberto Iozzi, U Roma Tor Vergata Session 30: Regulated Firms Session type: contributed August 26, 2016 16:45 to 18:15 Finding the Right Yardstick: Regulation under Heterogeneous Environments Room 119 By Endre Bjørndal; NHH Norwegian School of Economics Mette Bjørndal; NHH Astrid Cullmann; DIW Berlin Maria Nieswand; DIW Berlin Presented by: Maria Nieswand, DIW Berlin

Productivity Growth and the Public and Private Ownership of Regulated Firms By Astrid Cullmann; DIW Berlin Maria Nieswand; DIW Berlin Julia Rechlitz; DIW Berlin Presented by: Julia Rechlitz, DIW Berlin

Revenue sharing agreements in regulated sectors ByMariana Cunha; Católica Porto Business School and CEGE, Universidade Católica Portuguesa Ricardo Gonçalves; Universidade Católica Portuguesa Presented by: Mariana Cunha, Católica Porto Business School and CEGE, Universidade Católica Portuguesa EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 21

Session Chair: David Genesove, Hebrew U Jerusalem Session 31: Rising Stars II Session type: contributed August 26, 2016 16:45 to 18:15 Learning and Investment under Demand Uncertainty in Container Shipping Room A224 By Jihye Jeon; NYU Stern Business School Presented by: Jihye Jeon, NYU Stern Business School Discussant: Victor Aguirregabiria, University of Toronto

Firm Entry and Former Monopoly Advantage: Evidence from the Fertilizer Marketing Sector in India By Beata Itin-Shwartz; Hebrew University of Jerusalem Presented by: Beata Itin-Shwartz, Hebrew University of Jerusalem Discussant: Margaret Slade, The University of British Columbia

Price-Matching Strategies in the German Gasoline Retail Market By Sascha Wilhelm; Goethe University Frankfurt Presented by: Sascha Wilhelm, Goethe University Frankfurt Discussant: David Genesove, Hebrew U Jerusalem

Session Chair: Maarten Janssen, U Vienna Session 32: Search Theory Session type: contributed August 26, 2016 16:45 to 18:15 Rational Buyers Search When Prices Increase Room A223 By Luis Cabral; NYU Stern Presented by: Luis Cabral, NYU Stern

Guided Search By Tobias Gamp; U Bonn Presented by: Tobias Gamp, U Bonn

Competitive sequential search equilibrium By Jose L. Moraga-Gonzalez; VU Amsterdam Makoto Watanabe; VU University Amsterdam Presented by: Jose L. Moraga-Gonzalez, VU Amsterdam

Session Chair: Jose L. Moraga-Gonzalez, VU Amsterdam Session 33: Advertising II Session type: contributed August 27, 2016 09:30 to 11:00 Sales, Advertising, and Heterogeneous Firms Room A120 By Sandro Shelegia; Pompeu Fabra University Chris Wilson; Loughborough University Presented by: Chris Wilson, Loughborough University

De-Targeting: Advertising an Assortment of Products to Loss-Averse Consumers By Heiko Karle; ETH Zürich Martin Peitz; U Mannheim Presented by: Martin Peitz, U Mannheim

Targeted advertising and consumer information By Sébastien Broos; University of Liège Presented by: Sébastien Broos, University of Liège 22 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Heiko Karle, ETH Zurich Session 34: Behavioral Economics Session type: contributed August 27, 2016 09:30 to 11:00 Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer Search Room 217 By Adriaan Soetevent; U Groningen Tadas Bruzikas; U Groningen Presented by: Tadas Bruzikas, U Groningen

Targeted Information and Limited Attention By Andreas Hefti; University of Zurich; Zurich University of Applied Sciences Shuo Liu; University of Zurich Presented by: Andreas Hefti, University of Zurich; Zurich University of Applied Sciences

Decomposing the Afternoon Effect: An Empirical Investigation of Sequential Train Ticket Auctions By Ola Andersson; IFN Presented by: Ola Andersson, IFN

Session Chair: Thibaud VERGE, CREST Session 35: Buyer Power Session type: contributed August 27, 2016 09:30 to 11:00 Category captains and buyer power Room 219 By Marie Laure Allain; Ecole Polytechnique Clemence Christin; U Caen Presented by: Clemence Christin, U Caen

Buyer Power and Dependency in a Model of Negotiations By Joao Montez; University of Lausanne Presented by: Joao Montez, University of Lausanne

Vertical Bargaining and Retail Competition: What Drives Countervailing Power? By Germain Gaudin; U Düsseldorf Presented by: Germain Gaudin, U Düsseldorf

Session Chair: Michele Polo, Bocconi University Session 36: Collusion III Session type: contributed August 27, 2016 09:30 to 11:00 Endogenous firms’ organization, internal audit and leniency programs Room 240 By Emilie Dargaud; University Lyon 2 Armel Jacques; University of La Reunion Presented by: Emilie Dargaud, University Lyon 2

Does enforcement deter cartels?: A tale of two tails By Iwan Bos; Maastricht U Stephen Davies; University of East Anglia Joseph Harrington; The Wharton School, University of Pennsy Peter Ormosi; University of East Anglia Presented by: Iwan Bos, Maastricht U

Partial Cross Ownership and Explicit Collusion By Samuel de Haas; Justus-Liebig-University Giessen Johannes Paha; University of Giessen Presented by: Samuel de Haas, Justus-Liebig-University Giessen EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 23

Session Chair: Luis Vasconcelos, University of Essex Session 37: Contracts I Session type: contributed August 27, 2016 09:30 to 11:00 Gradual collective wage bargaining Room 241 By Sabien Dobbelaere; Vrije Universiteit Amsterdam Roland Iwan Luttens; Amsterdam University College Presented by: Sabien Dobbelaere, Vrije Universiteit Amsterdam

Contracts as a barrier to entry in markets with non-pivotal buyers By Özlem Bedre-Defolie; European School of Management and Technology Gary Biglaiser; UNC-Chapel HIll Presented by: Özlem Bedre-Defolie, European School of Management and Technology

Informative Milestones in Experimentation By Christoph Wolf; University of Mannheim Presented by: Christoph Wolf, University of Mannheim

Session Chair: Pradeep Kumar, U Exeter Session 38: Firm Dynamics I Session type: contributed August 27, 2016 09:30 to 11:00 Transport investment in railways to generate knowledge transfer from interfirm Room 144 worker mobility By Hannu Piekkola; University of Vaasa Presented by: Hannu Piekkola, University of Vaasa

The Growth and Human Capital Structure of New Firms over the Business Cycle By Udo Brixy; Institute for Employment Research (IAB) Martin Murmann; Centre for European Economic Research (ZEW) Presented by: Martin Murmann, Centre for European Economic Research (ZEW)

Illuminating the World Cup Effect: Night Lights Evidence from South Africa By Gregor Pfeifer; U Hohenheim Fabian Wahl; University of Hohenheim Martyna Marczak; University of Hohenheim Presented by: Gregor Pfeifer, U Hohenheim

Session Chair: Sadao Nagaoka, Tokyo Keizai U Session 39: Intellectual Property Session type: contributed August 27, 2016 09:30 to 11:00 Optimal Timing of Sequential Distribution in the Presence of Piracy Room 209 By Jimena Ferraro; Toulouse School of Economics Presented by: Jimena Ferraro, Toulouse School of Economics

Designing Dynamic Research Tournaments By Jean-Michel Benkert; University of Zurich Igor Letina; University of Zurich Presented by: Igor Letina, University of Zurich

Growth and Welfare Effects of Intellectual Property Rights when Consumers differ in Income By Christian Kiedaisch; University of Zurich Presented by: Christian Kiedaisch, University of Zurich 24 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Franco Mariuzzo, University of East Anglia Session 40: Mergers II Session type: contributed August 27, 2016 09:30 to 11:00 Mergers in Innovative Industries: The Role of Product Market Competition Room 143 By Guillermo Marshall; University of Illinois at Urbana-Champaign Alvaro Parra; University of British Columbia Presented by: Guillermo Marshall, University of Illinois at Urbana-Champaign

Sequential mergers under product differentiation in a partially privatized market By Takeshi Ebina; Shinshu University Daisuke Shimizu; Gakushuin University Presented by: Takeshi Ebina, Shinshu University

Entry and Merger Policy By Laure Jaunaux; Orange Yassine Lefouili; Toulouse School of Economics Wilfried Sand-Zantman; Toulouse School of Economics Presented by: Wilfried Sand-Zantman, Toulouse School of Economics

Session Chair: Yiquan Gu, University of Liverpool Session 41: Oligopoly I Session type: contributed August 27, 2016 09:30 to 11:00 Mixed industry outcomes in oligopoly markets with socially concerned firms Room 118 By Michael Kopel; U Graz Fabio Lamantia; University of Manchester Presented by: Michael Kopel, U Graz

Duopoly with Vertical Differentiation: Efficient Equilibria, Covered Market and Maximum Differentiation under the Finiteness Property By Masuyuki Nishijima; Yokohama City University Presented by: Masuyuki Nishijima, Yokohama City University

Bidding for input in oligopoly By Roberto Burguet; Institute of Economic Analysis (CSIC) Jozsef Sakovics; The University of Edinburgh Presented by: Jozsef Sakovics, The University of Edinburgh

Session Chair: Andrea Canidio, INSEAD Session 42: Organizations - Theory of Session type: contributed the Firm August 27, 2016 Investment decisions and the role of wasteful procedures 09:30 to 11:00 By Malin Arve; NHH Norwegian School of Economics Room 119 Takakazu Honryo; Mannheim University

Presented by: Malin Arve, NHH Norwegian School of Economics

A Formal Haggling Theory of Firm Boundaries: A Trade-Off Between Bargaining Costs and Too Much Intervention By Yusuke Mori; Tokyo International University Presented by: Yusuke Mori, Tokyo International University

Organizing for Change: The Optimality of Pro-Changer Organizations By Hideshi Itoh; Hitotsubashi U Presented by: Hideshi Itoh, Hitotsubashi U EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 25

Session Chair: Chengsi Wang, University of Mannheim Session 43: Platforms III Session type: contributed August 27, 2016 09:30 to 11:00 Exclusive Contents in Two-Sided Markets Room 102 By Akifumi Ishihara; National Graduate Institute for Policy S Ryoko Oki; Hosei University Presented by: Ryoko Oki, Hosei University

From Nintendo to Facebook: Two-Sided Markets with Exclusive Contracts By Pak Yee Lee; Hong Kong Baptist University Presented by: Pak Yee Lee, Hong Kong Baptist University

Add-On Services, Bundling and Exclusive Contracts in Platform Markets By Carlotta Mariotto; Mines ParisTech Marianne Verdier; U Paris 2 Presented by: Marianne Verdier, U Paris 2

Session Chair: Giancarlo Spagnolo, Stockholm School of Economics-SITE Session 44: Procurement I Session type: contributed August 27, 2016 09:30 to 11:00 Ex-ante and ex-post outsourcing in public procurement: Temporary Partnership vs Room A223 subcontracting By Laura Rondi; Politecnico di Torino Paola Valbonesi; University of Padua Presented by: Paola Valbonesi, University of Padua

Design of public procurement auctions: evidence from cleaning contracts By Ari Hyytinen; University of Jyväskylä Sofia Lundberg; Umeå University Otto Toivanen; KU Leuven Presented by: Ari Hyytinen, University of Jyväskylä

Teaching an old dog a new trick:reserve price and unverifiable quality in repeated procurement By Gian Luigi Albano; R&D Unit Berardino Cesi; University of Tor Vergata Alberto Iozzi; U Roma Tor Vergata Presented by: Alberto Iozzi, U Roma Tor Vergata 26 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Joel Waldfogel, University of Minnesota Session 45: Rising Stars III Session type: contributed August 27, 2016 09:30 to 11:00 {Competition, Price Dispersion and Capacity Constraints: The case of the U.S. Corn Room A224 Seed Industry. By Cornelia Ilin; University of Wisconsin, Madison Presented by: Cornelia Ilin, University of Wisconsin, Madison Discussant: Luis Cabral, NYU Stern

Quantifying Inertia in Retail Deposit Markets By Florian Deuflhard; Unversity of Frankfurt Presented by: Florian Deuflhard, Unversity of Frankfurt Discussant: Michelle Sovinsky, U Mannheim

Search, Consumer Information, and Competition in the Mobile App Market By Daniel Ershov; University of Toronto Presented by: Daniel Ershov, University of Toronto Discussant: Joel Waldfogel, University of Minnesota

Session Chair: Andras Kiss, University of Amsterdam Session 46: Search Empirics Session type: contributed August 27, 2016 09:30 to 11:00 No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing Room 215 Information By Alexei Alexandrov; Consumer Financial Protection Bureau Sergei Koulayev; Consumer Financial Protection Bureau Presented by: Alexei Alexandrov, Consumer Financial Protection Bureau

Does Online Search Increase Sales? Evidence from Big Data for Car Markets in Germany and the UK By Valentine Millot; OECD Georg von Graevenitz; QMUL Presented by: Valentine Millot, OECD

Search on a Business-to-Consumer Online Market: An Explanation for Price Dispersion and Implications to Firm Pricing Strategy By Wenche Wang; University of Florida Presented by: Wenche Wang, University of Florida

Session Chair: Nicolas Schutz, University of Mannheim Session 47: Vertical Integration Session type: contributed August 27, 2016 09:30 to 11:00 Demand Shocks and Vertical Integration: Evidence from a Natural Experiment Room 117 By Danny McGowan; University of Nottingham Huyen Nguyen; University of Nottingham Presented by: Danny McGowan, University of Nottingham

Unregulated upstream monopolist in vertical structure: Vertical integration versus legal unbundling By Yusuke Ikuta; Kobe University Presented by: Yusuke Ikuta, Kobe University

Integration or Outsourcing: Combining Ex Ante Distortions and Ex Post Inefficiencies By Verena Nowak; U Düsseldorf Presented by: Verena Nowak, U Düsseldorf EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 27

Session Chair: Chris Wilson, Loughborough University Session 48: Advertising III Session type: contributed August 27, 2016 11:30 to 13:00 Freemium on Advertising Platform Room 219 By Yusuke Zennyo; Osaka University of Economics Presented by: Yusuke Zennyo, Osaka University of Economics

Quality Competition among Platforms: a Media Market Case By Maria Rosa Battaggion; University of Bergamo Serena Marianna Drufuca; University of Milan (LASER) Presented by: Maria Rosa Battaggion, University of Bergamo

Selling News Information to Consumers By Johannes Dittrich; University of Mannheim Heiko Karle; ETH Zürich Heiner Schumacher; University of Leuven Presented by: Johannes Dittrich, University of Mannheim

Session Chair: Luis Cabral, NYU Stern Session 49: Consumer Search Session type: invited August 27, 2016 11:30 to 13:00 Intermediaries and Consumer Search Room A120 By Yongmin Chen; University of Colorado at Boulder Presented by: Yongmin Chen, University of Colorado at Boulder

Multiproduct Consumer Search By Jidong Zhou; Yale University Presented by: Jidong Zhou, Yale University

Session Chair: Claudio Piga, Keele University, UK Session 50: Airlines II Session type: contributed August 27, 2016 11:30 to 13:00 Dynamic Oligopoly with Financial Friction: The U.S. Airline Industry after the Room 240 Deregulation By Kohei Kawaguchi; Hitotsubashi University Ken Onishi; Singapore Management University Presented by: Kohei Kawaguchi, Hitotsubashi University

An Airline Merger and its Remedies: JAL-JAS of 2002 By hiroshi ohashi; Faculty of Economics, University of Tokyo Presented by: hiroshi ohashi, Faculty of Economics, University of Tokyo 28 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Jozsef Sakovics, The University of Edinburgh Session 51: Auction Theory I Session type: contributed August 27, 2016 11:30 to 13:00 Auctions with Bid Credits and Resale Room A223 By Simon Loertscher; University of Melbourne Leslie Marx; Fuqua School of Business Presented by: Leslie Marx, Fuqua School of Business

Robust Bidding By Vitali Gretschko; U Cologne Helene Mass; University of Cologne Presented by: Vitali Gretschko, U Cologne

Market Power and Welfare in Asymmetric Divisible Good Auctions By Carolina Manzano; universitat Rovira i Virgili Xavier Vives; IESE Presented by: Xavier Vives, IESE

Session Chair: Martin Woerter, ETH Zürich Session 52: Environmental Econ I Session type: contributed August 27, 2016 11:30 to 13:00 Distributional and Environmental Effects of an Emissions-Differentiated Car Sales Tax Room 241 By Robin Stitzing; Nokia Technologies Presented by: Robin Stitzing, Nokia Technologies

Designing Feebates By Sofronis Clerides; University of Cyprus Costas Hadjiyiannis; University of Cyprus Presented by: Sofronis Clerides, University of Cyprus

Measures to Promote Green Cars: Evaluation at a Car Variant Level By Taiju Kitano; Hitotsubashi University Presented by: Taiju Kitano, Hitotsubashi University

Session Chair: Alexia Gaudeul, Georg-August-Universität Göttingen Session 53: Experiments II Session type: contributed August 27, 2016 11:30 to 13:00 Vertical Integration as a Source of Hold-up: an Experiment Room 144 By Marie Laure Allain; Ecole Polytechnique Claire Chambolle; INRA Patrick Rey; Toulouse School of Economics Sabrina Teyssier; INRA-ALISS Presented by: Marie Laure Allain, Ecole Polytechnique

Number effects and tacit collusion in experimental oligopolies By Niklas Horstmann; Karlsruhe Institute of Technology Jan Krämer; University of Passau Daniel Schnurr; Karlsruhe Institute of Technology Presented by: Daniel Schnurr, Karlsruhe Institute of Technology

Strategy Revision Opportunities and Collusion By Matthew Embrey; University of Sussex Friederike Mengel; University of Essex Ronald Peeters; Maastricht University Presented by: Ronald Peeters, Maastricht University EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 29

Session Chair: Claire Lelarge, Crest et RITM - Paris Saclay University Session 54: Firm Productivity Session type: contributed August 27, 2016 11:30 to 13:00 Mobile Information and Communication Technologies, Flexible Work Organization Room 209 and Labor Productivity: Firm-Level Evidence By Steffen Viete; Centre for European Economic Research Daniel Erdsiek; Centre for European Economic Research Presented by: Steffen Viete, Centre for European Economic Research

Innovation and productivity in a S&T intensive sector: the case of Information industries in Spain By Nestor Duch-Brown; JRC IPTS European Commission Ibrahim Kholilul Rohman; European Commission Presented by: Nestor Duch-Brown, JRC IPTS Euroean Commission

Privatization, Distortions, and Productivity By Kun Li; Toulouse School of Economics Presented by: Kun Li, Toulouse School of Economics

Session Chair: Matilde Machado, Universidad Carlos III de Madrid Session 55: Health I Session type: contributed August 27, 2016 11:30 to 13:00 Two-Sided Matching in Physician-Insurer Networks: Evidence from Medicare Advantage Room 119 By Kathleen Nosal; U Mannheim Presented by: Kathleen Nosal, U Mannheim

Mandatory Disclosure: Theory and Evidence from Industry-Physician Relationships By Vardges Levonyan; ETH Zurich Presented by: Vardges Levonyan, ETH Zurich

The Welfare Effects of Private Rooms in German Nursing Homes: A Structural Approach By Amela Saric, DICE, University of Duesseldorf Presented by: Amela Saric, DICE, University of Duesseldorf

Session Chair: Florian Schuett, Tilburg U Session 56: Innovation II Session type: contributed August 27, 2016 11:30 to 13:00 Do start-ups benefit from higher R&D investment during recessions? A comparison Room 203 between Germany and the USA By Martin Hud; ZEW Centre for European Economic Research Martin Carree; Maastricht University Presented by: Martin Hud, ZEW Centre for European Economic Research

The effect of firm turnover on innovation strategies: Panel data evidence By Alex Armand; University of Navarra Pedro Mendi; Universidad de Navarra Presented by: Alex Armand, University of Navarra

Combining Knowledge and Capabilities across Borders and Nationalities: Evidence from the inventions applied through PCT By Naotoshi Tsukada; GRIPS Sadao Nagaoka; Tokyo Keizai University Presented by: Naotoshi Tsukada, GRIPS 30 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Gabor Virag, U Toronto Session 57: IO Theory II Session type: contributed August 27, 2016 11:30 to 13:00 Vertical Competition and Collusion in Information Acquisition Room 143 By Andrea Canidio; INSEAD Thomas Gall; University of Southampton Presented by: Andrea Canidio, INSEAD

Optimal Dynamic Market Making By Simon Loertscher; University of Melbourne Ellen Muir; University of Melbourne Peter Taylor; University of Melbourne Presented by: Simon Loertscher, University of Melbourne

In the club: Strategic admission, membership, and endogenous splits By Michael Sacks; University of California, Irvine Presented by: Michael Sacks, University of California, Irvine

Session Chair: Matthias Lang, Free University Berlin Session 58: Mechanism Design Session type: contributed August 27, 2016 11:30 to 13:00 Trembling mechanisms Room 118 By Trembling mechanisms Presented by: Joao Correia-da-Silva, TSE and U. Porto

Optimal Crowdfunding Design By Matthew Ellman; Institute for Economic Analysis (CSIC) Sjaak Hurkens; Institute for Economic Analysis (CSIC) Presented by: Matthew Ellman, Institute for Economic Analysis (CSIC)

On the impossibility of protecting risk-takers By Toomas Hinnosaar; Collegio Carlo Alberto Presented by: Toomas Hinnosaar, Collegio Carlo Alberto

Session Chair: Pedro Pereira, Autoridade da Concorrência Session 59: Mergers III Session type: contributed August 27, 2016 11:30 to 13:00 Unilateral Effects Screens for Partial Horizontal Acquisitions: The Generalized HHI Room 117 and GUPPI By Duarte Brito; Universidade Nova de Lisboa António Osório; Universitat Rovira i Virgili Ricardo Ribeiro; Universidade Católica Portuguesa Helder Vasconcelos; U Porto Presented by: Ricardo Ribeiro, Universidade Católica Portuguesa

Ex Post Merger Analysis in the Car Market and the Role of Conduct By Ruben Savelkoul; KU Leuven Presented by: Ruben Savelkoul, KU Leuven

Mergers and Horizontal Subcontracting By Jan Bouckaert; University of Antwerp Geert Van Moer; University of Antwerp Presented by: Geert Van Moer, University of Antwerp EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 31

Session Chair: Joana Resende, Universidade do Porto FEP Session 60: Pricing II Session type: contributed August 27, 2016 11:30 to 13:00 Selling to Heterogeneous Procrastinators Room 102 By Johannes Johnen; ESMT Presented by: Johannes Johnen, ESMT

Excessive Competition for Headline Prices By Excessive Competition for Headline Prices Presented by: Martin Obradovits, U Frankfurt

Directed search with divisible goods By Mats Godenhielm; University of Helsinki Presented by: Mats Godenhielm, University of Helsinki

Session Chair: Martin Peitz, U Mannheim Session 61: Rising Stars IV Session type: contributed August 27, 2016 11:30 to 13:00 The Remuneration of Financial Advisors in Markets for Complex Products Room A224 By Jurre Thiel; Vrije Universiteit Amsterdam Presented by: Jurre Thiel, Vrije Universiteit Amsterdam Discussant: Bruno Jullien, Toulouse School of Economics

Pricing Heterogeneous Goods under Ex Post Private Information By Holger Herbst; University of Bonn Presented by: Holger Herbst, University of Bonn Discussant: Heski Bar-Isaac, University of Toronto

Interchange Fee Regulation in the Credit Card Market By José Ignacio Heresi; Toulouse School of Economics Presented by: José Ignacio Heresi, Toulouse School of Economics Discussant: Martin Peitz, U Mannheim

Session Chair: Jose Mata, University of Lausanne Session 62: Trade and IO I Session type: contributed August 27, 2016 11:30 to 13:00 Parallel imports and repair services Room 215 By Jota Ishikawa; Hitotsubashi University Hodaka Morita; School of Economics, ASB Hiroshi Mukunoki; Gakushuin University Presented by: Jota Ishikawa, Hitotsubashi University

Mutual Recognition for Sale: International Bargaining over Product Standards By Dapeng Cai; Nanzan University Jan Guldager Jorgensen; University of Southern Denmark Presented by: Dapeng Cai, Nanzan University

The impact of imported intermediate inputs on export, production technology and wage By Xi Chen; Statec Presented by: Xi Chen, Statec 32 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Giacomo Calzolari, University of Bologna Session 63: Vertical Relationships I Session type: contributed August 27, 2016 11:30 to 13:00 Upstream joint investment meets downstream technology choice Room 217 By Keizo Mizuno; Kwansei Gakuin U Kazuhiko Mikami; University of Hyogo Presented by: Keizo Mizuno, Kwansei Gakuin U

Consumer Search and Asymmetric Retail Channels By Daniel Garcia; University of Vienna Maarten Janssen; U Vienna Presented by: Maarten Janssen, U Vienna

Vertical Foreign Direct Investment: Make, Sell and (Not) Buy By Chrysovalantou Milliou; Athens University of Economics and Business Joel Sandonis; University of Alicante Presented by: Chrysovalantou Milliou, Athens University of Economics and Business

Session Chair: Kai Hueschelrath, ZEW Mannheim Session 64: Airlines III Session type: contributed August 27, 2016 14:30 to 16:00 Points mechanisms and dynamic contracting with limited commitment Room 102 By Emil Temnyalov; University of Technology Sydney Presented by: Emil Temnyalov, University of Technology Sydney

Network Competition in the Airline Industry: A Framework for Empirical Policy Analysis >slides By Zhe Yuan; University of Toronto Presented by: Zhe Yuan, University of Toronto

The spatial scope of airline competition By Mark Lijesen; VU University C Behrens; VU University, Amsterdam Presented by: Mark Lijesen, VU University

Session Chair: Jakub Kastl, Princeton University Session 65: Media Markets Session type: invited August 27, 2016 14:30 to 16:00 The Welfare Effects of Vertical Integration in Multichannel Television Markets Room A120 By Gregory Crawford; U Zürich Presented by: Gregory Crawford, U Zürich

The Rise of China and its Impact on Consumers and Producers in Global Film Markets By Joel Waldfogel; University of Minnesota Presented by: Joel Waldfogel, University of Minnesota EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 33

Session Chair: Ulrich Schwalbe, University of Hohenheim Session 66: Antitrust and Session type: contributed Competition Policy August 27, 2016 Balancing the Public Interest-Defense in Cartel Offenses 14:30 to 16:00 By Maarten Pieter Schinkel; University of Amsterdam Room 240 Lukas Toth; University of Amsterdam Presented by: Lukas Toth, University of Amsterdam

Unilateral Practices, Antitrust Enforcement and Commitments By Michele Polo; Bocconi University Presented by: Michele Polo, Bocconi University

Evaluating Partial Divestitures when Vertical Relations are Important By Pedro Pereira; Autoridade da Concorrência Tiago Ribeiro; Indera - Estudos Económicos, Lda Presented by: Pedro Pereira, Autoridade da Concorrência

Session Chair: Vivek Ghosal, Georgia Institute of Technology Session 67: Collusion IV Session type: contributed August 27, 2016 14:30 to 16:00 The effect of collusion on efficiency in experimental auctions Room 117 By Gyula Seres; Humboldt U, Tilburg U Presented by: Gyula Seres, Humboldt U, Tilburg U

Can collusion promote sustainable consumption and production? By Maarten Pieter Schinkel; University of Amsterdam Yossi Spiegel; Tel Aviv U Presented by: Yossi Spiegel, Tel Aviv U

Collusion, Firm Numbers and Asymmetries Revisited >slides By Luke Garrod; Loughborough University Matthew Olczak; Aston Business School Presented by: Matthew Olczak, Aston Business School

Session Chair: Christian Michel, Universitat Pompeu Fabra, Barcelona GSE Session 68: Contracts and Session type: contributed Organizations August 27, 2016 Delegating Authority in Organization with Subsequent Information Revelation 14:30 to 16:00 By Christoph Luelfesmann; Simon Fraser University Room 215 Presented by: Christoph Luelfesmann, Simon Fraser University

Sequential Moral Hazard under Financial Limits: Sequential versus Partnership Contracts By Marco Buso; University of Padova Luciano Greco; University of Padua Presented by: Marco Buso, University of Padova

What Makes Geeks Tick? A Study of Stack Overflow Careers >slides By Lei Xu; McGill University Tingting Nian; UC Irvine Luis Cabral; NYU Stern Presented by: Lei Xu, McGill University 34 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Nicola Pavanini, University of Zurich Session 69: Credit Markets I Session type: contributed August 27, 2016 14:30 to 16:00 Willingness to Pay for Firm Reputation: Paying for Risk Rating in the Annuity Market Room 119 By Bernardita Vial; Pontificia Universidad Catolica de Chile Pilar Alcalde; Universidad de Los Andes, Chile Presented by: Bernardita Vial, Pontificia Universidad Catolica de Chile

Competition and the riskiness of banks’ loan portfolios By Oivind Nilsen; Norwegian School of Economics Presented by: Oivind Nilsen, Norwegian School of Economics

Estimating Marginal Effects of the Government Sponsored Entities By Alexei Alexandrov; Consumer Financial Protection Bureau Thomas Conkling; Consumer Financial Protection Bureau Sergei Koulayev; Consumer Financial Protection Bureau Presented by: Thomas Conkling, Consumer Financial Protection Bureau

Session Chair: Kathleen Nosal, U Mannheim Session 70: Health II Session type: contributed August 27, 2016 14:30 to 16:00 Regulated Age-Based Pricing in Health Insurance Exchanges Room 219 By Pietro Tebaldi; Stanford Presented by: Pietro Tebaldi, Stanford

Asymmetric Information with multiple risks: the case of the Chilean Private Health Insurance Market By Matilde Machado; Universidad Carlos III de Madrid Presented by: Matilde Machado, Universidad Carlos III de Madrid

Session Chair: Anna Bayona, ESADE Business School Session 71: Information Economics I Session type: contributed August 27, 2016 14:30 to 16:00 Regulating Deception Room 118 By Maarten Janssen; U Vienna Santanu Roy; Southern Methodist University Presented by: Santanu Roy, Southern Methodist University

Informative retailing: theory and applications to drugs, e-commerce and financial products By Jerome Pouyet; Paris School of Economics Presented by: Jerome Pouyet, Paris School of Economics

Optimal Syndication Decision of Corporate Venture Capital and Venture Capital Firms By Andreas Frick; Leibniz University of Hannover Hannes Maxin; University of Hannover Presented by: Hannes Maxin, University of Hannover EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 35

Session Chair: Bettina Peters, ZEW Mannheim Session 72: Innovation III Session type: contributed August 27, 2016 14:30 to 16:00 Do Tax Incentives for Research Increase Firm Innovation? An RD Design for R&D Room 143 By Antoine Dechezlepretre; London School of Economics Elias Einiö; VATT Institute for Economic Research ; Centre for Economics Performance,LSE Ralf Martin; Imperial college Kieu Trang Nguyen; London School of Economics John Van Reenen; London School of Economics Presented by: Elias Einiö, VATT Institute for Economic Research ; Centre for Economics Performance, LSE

R&D Subsidies and Firms’ Cost of Debt By Sarah Demeulemeester; KULeuven Hanna Hottenrott; U Düsseldorf Presented by: Sarah Demeulemeester, KULeuven

Driving business performance: innovation complementarities and persistence patterns >slides By Eleonora Bartoloni; ISTAT, National Institute of Statistics Maurizio Baussola; Università Cattolica del Sacro Cuore, Piacenza ITA Presented by: Eleonora Bartoloni, ISTAT, National Institute of Statistics

Session Chair: Simon Loertscher, University of Melbourne Session 73: Micro Theory I Session type: contributed August 27, 2016 14:30 to 16:00 Legal Uncertainty as a Welfare Enhancing Screen Room 209 By Matthias Lang; Free University Berlin Presented by: Matthias Lang, Free University Berlin

Connecting third-degree price and labor discrimination literatures By Alexei Alexandrov; Consumer Financial Protection Bureau Presented by: Alexei Alexandrov, Consumer Financial Protection Bureau

Guilt by Association By Katrin Hussinger; U Luxembourg Maikel Pellens; ZEW Mannheim Presented by: Katrin Hussinger, U Luxembourg 36 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Vidya Atal, Montclair State University Session 74: Patents II Session type: contributed August 27, 2016 14:30 to 16:00 Low-quality patents in the eye of the beholder: Evidence from multiple examiners Room 144 By Gaetan de Rassenfosse; Ecole polytechnique federale de Lausanne Adam B Jaffe; Motu Economic and Public Policy Research Elizabeth Webster; Swinburne University of Technology Presented by: Gaetan de Rassenfosse, Ecole polytechnique federale de Lausanne

Information constraint of the patent office and examination quality: Evidence from the effects of initiation lag By Sadao Nagaoka; Tokyo Keizai U Isamu Yamauchi; RIETI Presented by: Sadao Nagaoka, Tokyo Keizai U

Screening for Patent Quality: Examination, Fees, and the Courts By Mark Schankerman; Economics Florian Schuett; Tilburg U Presented by: Florian Schuett, Tilburg U

Session Chair: Marianne Verdier, U Paris 2 Session 75: Platforms IV Session type: contributed August 27, 2016 14:30 to 16:00 Segmentation versus Agglomeration: Competition between Platforms with Room 241 Competitive Sellers By Heiko Karle; ETH Zurich Martin Peitz; U Mannheim Markus Reisinger; Frankfurt School of Finance & Management Presented by: Heiko Karle, ETH Zurich

Merger control on two-sided markets: is there need for an efficiency defense? By Edmond Baranes; Universite Montpellier I Thomas Cortade; BETA UMR CNRS 7522 and Universités de Lorraine et de Strasbourg Andreea Cosnita-Langlais; University Paris Nanterre Presented by: Andreea Cosnita-Langlais, University Paris Nanterre

Ad networks and multi-homing consumers By Anna D’Annunzio; Telenor Research Antonio Russo; KOF, ETH Zurich Presented by: Anna D’Annunzio, Telenor Research EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 37

Session Chair: Toomas Hinnosaar, Collegio Carlo Alberto Session 76: Price Discrimination I Session type: contributed August 27, 2016 14:30 to 16:00 Pricing with Cookies: Behavior-Based Price Discrimination and Spatial Competition Room 217 >slides By Chongwoo Choe; Monash University Stephen King; Monash University Noriaki Matsushima; Osaka University Presented by: Noriaki Matsushima, Osaka U

On the welfare effects of price discrimination through targeted advertising By Rosa-Branca Esteves; Universidade do Minho and NIPE Joana Resende; Universidade do Porto FEP Presented by: Joana Resende, Universidade do Porto FEP

Optimal Selling Mechanisms for On-line Services I: Price Discrimination and the Risk of Interruption By Georgios Petropoulos; Bruegel and Toulouse School of Economics Presented by: Georgios Petropoulos, Bruegel and Toulouse School of Economics

Session Chair: Martin Obradovits, U Frankfurt Session 77: Pricing III Session type: contributed August 27, 2016 14:30 to 16:00 What drives price dispersion and market fragmentation across U.S. stock exchanges? Room 102 By Yong Chao; University of Louisville Chen Yao; University of Warwick Mao Ye; University of Illinois, Urbana-Champaign Presented by: Yong Chao, University of Louisville

On the Evolution of the United Kingdom Price Distributions By Ba Chu; Carleton University Kim Huynh; Bank of Canada David Jacho-Chavez; Emory University Oleksiy Kryvtsov; Bank of Canada Presented by: Kim Huynh, Bank of Canada

Lost in Transaction: Individual-Level Welfare Loss in Quickly-Circulating Durable Goods Markets with Planned Temporary Ownership By Jun Nakabayashi; Tohoku University Hisayuki Yoshimoto; University of Glasgow Presented by: Hisayuki Yoshimoto, University of Glasgow 38 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Paola Valbonesi, University of Padua Session 78: Procurement II Session type: contributed August 27, 2016 14:30 to 16:00 The Value of Revolving Doors in Brazilian Public Procurement Room A224 By Klenio Barbosa; Sao Paulo School of Economics Stephane Straub; Toulouse School of Economics Presented by: Klenio Barbosa, Sao Paulo School of Economics

Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

By Giacomo Calzolari; University of Bologna Leonardo Felli; London School of Economics Johannes Koenen; ifo Institute Giancarlo Spagnolo; Stockholm School of Economics-SITE Konrad Stahl; University of Mannheim Presented by: Giacomo Calzolari, University of Bologna

The Role of Reputation when Awarding Contracts: Empirical Evidence from a Vendor Rating System By Francesco Decarolis; Boston University Giancarlo Spagnolo; Stockholm School of Economics-SITE Presented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE

Session Chair: Celine Bonnet, Toulouse School of Economics Session 79: Vertical Relationships II Session type: contributed August 27, 2016 14:30 to 16:00 Advertising in Vertical Relationships: An Equilibrium Model of the Automobile Room A223 Industry By Charles Murry; The Pennsylvania State University Presented by: Charles Murry, The Pennsylvania State University

The role of nonlinear pricing and resale price maintenance on nominal price stability: Empirical evidence from the ready-to-eat cereal industry By Jorge Florez Acosta; Universidad del Rosario Presented by: Jorge Florez Acosta, Universidad del Rosario

Free Entry and Social Inefficiency in Vertical Relationships: The Case of the MRI Market By Ken Onishi; Singapore Management University Naoki Wakamori; University of Tokyo Presented by: Naoki Wakamori, University of Tokyo EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 39

Session Chair: Jerome Pouyet, Paris School of Economics Session 80: Collusion V Session type: contributed August 28, 2016 09:30 to 11:00 Measuring the Effectiveness of Anti-Cartel Interventions: A Conceptual Framework Room 102 By Yannis Katsoulacos; Athens University of Economics and Busin Evgenia Motchenkova; VU Amsterdam David Ulph; University of St Andrews Presented by: Evgenia Motchenkova, VU Amsterdam

Policy Innovations, Political Preferences, and Cartel Prosecutions By Vivek Ghosal; Georgia Institute of Technology Daniel Sokol; University of Florida Presented by: Vivek Ghosal, Georgia Institute of Technology

Collusion in Capacity Under Irreversible Investment By Thomas Fagart; Université Paris 1; Paris School of Economics Presented by: Thomas Fagart, Université Paris 1; Paris School of Economics

Session Chair: Philippe Gagnepain, Paris School of Economics Session 81: Empirical Contracts Session type: contributed and Auctions August 28, 2016 Identification and Estimation of Incentive Contracts under Asymmetric Information: An 09:30 to 11:00 Application to the French Water Sector Room 240 By Christian Bontemps; Toulouse School of Economics Presented by: Christian Bontemps, Toulouse School of Economics

Specic Investment and Contract Design: Evidence from Public Transportation By Jose Guillermo Diaz; CENTRUM Catolica Kei Kawai; University of California at Berkeley Andre Trindade; Getulio Vargas Foundation Presented by: Jose Guillermo Diaz, CENTRUM Catolica

Do Auctions Really Encourage Competition?: Evidence from Revenue Comparisons between Auctions and Negotiations in the Primary Market for Japan’s 10-year Government Bonds By Tsuruoka; Waseda Institute for Advanced Study Presented by: Tsuruoka, Waseda Institute for Advanced Study

Session Chair: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher Session 82: FDI School of Economics August 28, 2016 Session type: contributed 09:30 to 11:00 Room 102 Foreign Direct Investment as a Signal By Onur Koska; Middle East Technical University (METU) Ngo Van Long; McGill University Frank Stähler; University of Tübingen Presented by: Onur Koska, Middle East Technical University (METU)

Acquisition or direct entry, technology transfer by foreign multinationals and FDI Policy By Nahom Tesfay Ghebrihiwet; VU University Amsterdam Presented by: Nahom Tesfay Ghebrihiwet, VU University Amsterdam

The dynamic competitive effects of trade and foreign direct investment: Firm-level evidence for European countries By John Weche; Monopolies Commission, Germany Presented by: John Weche, Monopolies Commission, Germany 40 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Andre Trindade, Getulio Vargas Foundation Session 83: Gasoline Markets Session type: contributed August 28, 2016 09:30 to 11:00 Strategic Entry and Potential Competition: Evidence from Compressed Gas Fuel Retail Room 119 By Giulia Pavan; Toulouse School of Economics Andrea Pozzi; Einaudi Institute for Economics and Fina Gabriele Rovigatti; University of Rome “Tor Vergata” Presented by: Giulia Pavan, Toulouse School of Economics

Tax Incidence and Competition – The Case of Gasoline Retail Taxation By Clemens Fuest; Centre for European Economic Research (ZEW) and University of Mannheim Dominik Schober; ZEW Mannheim Oliver Woll; ZEW Mannheim Presented by: Dominik Schober, ZEW Mannheim

An Empirical Analysis of Price Guarantees: The Case of the German Petrol Market >slides By Ralf Dewenter Ulrich Schwalbe Presented by: Ulrich Schwalbe, University of Hohenheim

Session Chair: Rune Stenbacka, Hanken School of Economics Session 84: Information in Online Session type: contributed Markets I August 28, 2016 The effect of competition intensity on cybersecurity - An empirical analysis of 09:30 to 11:00 security patch release on the web browser market Room 118 By Arrah-Marie Jo, Telecom Paristech Presented by: Arrah-Marie Jo, Telecom Paristech

Privacy Protection By Bruno Jullien; Toulouse School of Economics Presented by: Bruno Jullien, Toulouse School of Economics

Informative transactions, disclosure and privacy By Pingjing Bo; Jonkoping University Agostino Manduchi, Jönköping University Presented by: Agostino Manduchi, Jönköping University EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 41

Session Chair: Reinhilde Veugelers, KU Leuven Session 85: Innovation IV Session type: contributed August 28, 2016 09:30 to 11:00 A Dynamic View on Family Firms’ Innovation Behavior Room 143 By Sandra Gottschalk; ZEW Mannheim Bettina Peters; ZEW Mannheim Jonas Steeger; University of Hamburg Presented by: Bettina Peters, ZEW Mannheim

Social Media as a Source of Creativity: Hype or a Serious Strategy? By Irene Bertschek; ZEW Mannheim Reinhold Kesler; ZEW Mannheim Presented by: Reinhold Kesler, ZEW Mannheim

Technology Polarization By Minoru Kitahara; Osaka City University Koki Oikawa; Waseda University Presented by: Koki Oikawa, Waseda University

Session Chair: Marco Marini, University of Rome “La Sapienza” & CREI Session 86: IO Theory III Session type: contributed August 28, 2016 09:30 to 11:00 Default Costs, Financial and Product Market Decisions and Default Risk Room 209 By Magali Costa; IPLEIRIA, CEFAGE, UEVORA Cesaltina Pires; CEFAGE, Universidade de Évora Presented by: Cesaltina Pires, CEFAGE, Universidade de Évora

Theory of monopoly with uncertain demand By Klaus Kultti; university of helsinki Presented by: Klaus Kultti, university of helsinki

Bilateral transactions with evidence By Martin Gregor; Charles University, Prague Presented by: Martin Gregor, Charles University, Prague

Session Chair: Marc Bourreau, Telecom ParisTech Session 87: Licensing Session type: contributed August 28, 2016 09:30 to 11:00 Dynamic Licencing of a Demand_Enhancing Innovation Room 144 By Thomas von Ungern-Sternberg; UNIL Presented by: Thomas von Ungern-Sternberg, UNIL

Vertical Licensing, Input Pricing, and Entry By ELPINIKI BAKAOUKA; Athens University of Economics and Business Chrysovalantou Milliou; Athens University of Economics and Business Presented by: ELPINIKI BAKAOUKA, Athens University of Economics and Business

Open Source Licensing and Software Competition By Vidya Atal; Montclair State University Kameshwari Shankar; City College of New York Presented by: Vidya Atal, Montclair State University 42 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Ricardo Ribeiro, Universidade Católica Portuguesa Session 88: Mergers IV Session type: contributed August 28, 2016 09:30 to 11:00 Brewed in North America: Mergers, Efficiencies, and Market Power Room A223 By Margaret Slade; The University of British Columbia Presented by: Margaret Slade, The University of British Columbia

An empirical analysis of mergers: efficiency gains and impact on consumer prices By Celine Bonnet; Toulouse School of Economics Jan Philip Schain; Düsseldorf Institute for Competition Economics Presented by: Celine Bonnet, Toulouse School of Economics

Identification and Estimation of Intra-Firm and Industry Competition via Ownership Change By Christian Michel; Universitat Pompeu Fabra, Barcelona GSE Presented by: Christian Michel, Universitat Pompeu Fabra, Barcelona GSE

Session Chair: Michael Kopel, U Graz Session 89: Oligopoly II Session type: contributed August 28, 2016 09:30 to 11:00 Market Structure and Competition in Transition: Results from a Spatial Analysis Room 241 By Martin Labaj; University of Economics in Bratislava Karol Morvay; University of Economics in Bratislava Peter Silanic; University of Economics in Bratislava Christoph Weiss; Vienna University of Economics and Business Biliana Yontcheva; Vienna University of Economics and Business Presented by: Biliana Yontcheva, Vienna University of Economics and Business

Mixed oligopoly and market power mitigation By Carlos Suarez; Universitat de Barcelona Presented by: Carlos Suarez; Universitat de Barcelona

On Managerial Incentive Payment and Product Market Competition By Daniel Danau; U Caen Basse-Normandie Yongying WANG; Université de Caen Presented by: Agostino Manduchi,Yongying WANG, Université de Caen

Session Chair: Guillermo Marshall, University of Illinois at Urbana-Champaign Session 90: Product Quality Session type: contributed August 28, 2016 09:30 to 11:00 Inspection in Disguise: A Study of Repeated Restaurant Inspection with A Dynamic View Room 215 By Jialiang Zhu; George Washington U Presented by: Jialiang Zhu, George Washington U

Product Customization in teh Spokes Model By Reiko Aoki; Kyushu U John Hillas; The university of Auckland Tina Kao; Australian National U Presented by: Reiko Aoki, Kyushu U

Curbing Obfuscation: Empower Consumers or Regulate Firms? By Yiquan Gu; University of Liverpool Tobias Wenzel; University of Bath Presented by: Yiquan Gu, University of Liverpool EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 43

Session Chair: Matthijs Wildenbeest, Indiana U Session 91: Rising Stars V Session type: contributed August 28, 2016 09:30 to 11:00 Competing Under Financial Constraints Room A224 >slides By Guillem Ordonez-Calafi; University of Warwick Presented by: Guillem Ordonez-Calafi, University of Warwick Discussant: Yossi Spiegel, Tel Aviv U

Beyond financing: crowdfunding as an informational mechanism By Jordana Viotto; Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTech Presented by: Jordana Viotto, Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTech Discussant: Matthew Mitchell, University of Toronto

Reference prices in the Italian procurement for medical devices: a semi-parametric analysis By Riccardo Marchi Adani; University of Verona Presented by: Riccardo Marchi Adani, University of Verona Discussant: Matthijs Wildenbeest, Indiana U

Session Chair: David Collie, Cardiff University Session 92: Trade and IO II Session type: contributed August 28, 2016 09:30 to 11:00 Export Destination Market Characteristics and Markups in a Small Open Economy Room 217 By Umut Kilinc; STATEC, Luxembourg Presented by: Umut Kilinc, STATEC, Luxembourg

Temporary investment incentives and divestment by foreign firms By Jose Mata; University of Lausanne Paulo Guimaraes; Universidade do Porto Presented by: Jose Mata, University of Lausanne

Factors Mediating Foreign R&D Spillovers: A Multidimensional Approach By Dolores Añon Higon; Universitat de Valencia Miguel Manjon; Rovira i Virgili University Presented by: Dolores Añon Higon, Universitat de Valencia

Session Chair: Joao Montez, University of Lausanne Session 93: Vertical Relationships III Session type: contributed August 28, 2016 09:30 to 11:00 Exclusive dealing with imperfect rent extraction Room A120 By Giacomo Calzolari; University of Bologna Presented by: Giacomo Calzolari, University of Bologna

Vertical Licensing, Input Pricing, and EntryPartial Exclusivity By Philippe Chone; CREST Laurent Linnemer; CREST Thibaud VERGE; CREST Presented by: Laurent Linnemer, CREST

Vertical Information Restraints: The Pro- and Anti- Competitive Impacts of Minimum Advertised Price Restrictions By John Asker; UCLA Heski Bar-Isaac; University of Toronto Presented by: Heski Bar-Isaac, University of Toronto 44 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Victor Aguirregabiria, University of Toronto Session 94: Regulated Markets Session type: contributed August 28, 2016 11:30 to 13:00 The Welfare Impact of Long-Term Contracts Room A120 By Igal Hendel; Northwestern University Presented by: Igal Hendel, Northwestern University

The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons By Hunt Allcott; NYU Presented by: Hunt Allcott, NYU

Session Chair: Marco Pagnozzi, Universita’ di Napoli Federico II Session 95: Auctions Empirics Session type: contributed August 28, 2016 11:30 to 13:00 Project Modifications and Bidding in Highway Procurement Auctions Room 119 By Dakshina De Silva; Lancaster University Timothy Dunne; Federal Reserve Bank Of Atlanta Georgia Kosmopoulou; University of Oklahoma and National Science Foundation Carlos Lamarche; University of Kentucky Presented by: Dakshina De Silva, Lancaster University

Auctioneers as Market Makers: Managing Momentum in Chittagong Tea Auctions By Tanjim Hossain; University of Toronto Fahad Khalil; University of Washington Matthew Shum; Caltech Presented by: Tanjim Hossain, University of Toronto

The Effect of Revenue Uncertainty on Procurement Outcomes - Evidence from German Railway Passenger Services By Stefan Weiergraeber; Indiana University Christoph Wolf; University of Mannheim Presented by: Stefan Weiergraeber, Indiana University

Session Chair: Oivind Nilsen, Norwegian School of Economics Session 96: Credit Markets II Session type: contributed August 28, 2016 11:30 to 13:00 Sorry, we’re closed: loan conditions when bank branches close and firms transfer to Room 118 another bank By Diana Bonfim; Banco de Portugal Gil Nogueira; Banco de Portugal Steven Ongena; University of Zurich Presented by: Diana Bonfim, Banco de Portugal

The Value of Information in Relationship Lending By Nicola Pavanini; University of Zurich Fabiano Schivardi; Bocconi University Presented by: Nicola Pavanini, University of Zurich

Ultimate Ownership and Bank Competition By Jose Azar; Charles River Associates Sahil Raina; University of Michigan, Ross School of B Martin Schmalz; U Michigan Presented by: Martin Schmalz, U Michigan EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 45

Session Chair: Wilfried Sand-Zantman, Toulouse School of Economics Session 97: Disclosure Session type: contributed August 28, 2016 11:30 to 13:00 The Enforcement of Mandatory Disclosure Rules Room 215 By Matthias Dahm; University of Nottingham Paula Gonzalez; Universidad Pablo de Olavide Presented by: Paula Gonzalez, Universidad Pablo de Olavide

Memory and Markets By Sergei Kovbasyuk; Einaudi Institute for Economics and Finance Giancarlo Spagnolo; Stockholm School of Economics-SITE Presented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE

Data Security in the Digital Age: Reputation and Strategic Interactions in Security Investment By Ying Lei Toh; Toulouse School of Economics Presented by: Ying Lei Toh, Toulouse School of Economics

Session Chair: Mario Samano, HEC Montreal Session 98: Electricity Markets II Session type: contributed August 28, 2016 11:30 to 13:00 Welfare and Redistribution Effects of Alternative Tariffs In Energy Markets with Solar Room 219 Power By Fabian Feger; University of Bern Nicola Pavanini; University of Zurich Doina Radulescu; University of Bern Presented by: Fabian Feger, University of Bern

Technological Choice in Response to Environmental Regulation: Electricity Markets and the Clean Power Plan By Jose Miguel Abito; Wharton School, University of Pennsylvan Christopher Knittel; MIT Konstantinos Metaxoglou; Carleton University Andre Trindade; Getulio Vargas Foundation Presented by: Andre Trindade, Getulio Vargas Foundation

Market Power and Asymmetric Pass-through in German Electricity Retail By Tomaso Duso; DIW-Berlin Florian Szuecs; WU Vienna Presented by: Florian Szuecs, WU Vienna 46 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Dominik Schober, ZEW Mannheim Session 99: Environmental Econ II Session type: contributed August 28, 2016 11:30 to 13:00 Does an Optimal Voluntary Approach Flexibly Control Emissions from Heterogeneous Room 143 Firms? By Ryo Ishida; Ministry of Finance (Japan) Takuro Miyamoto; Waseda University Presented by: Takuro Miyamoto, Waseda University

Supply Side Effects of Pollution Tax Rate Asymmetries By Harald Hinterecker; Karl-Franzens-Universität Graz Michael Kopel; U Graz Presented by: Harald Hinterecker, Karl-Franzens-Universität Graz

Green Inventions: Is Wait-and-see a Reasonable Option? By Tobias Stucki; ETH Zurich Martin Woerter; ETH Zürich Presented by: Martin Woerter, ETH Zürich

Session Chair: John Weche, Monopolies Commission, Germany Session 100: Financial Constraints Session type: contributed August 28, 2016 11:30 to 13:00 Impact of economic crises on firm dynamics: the role of financial constraints Room 209 By Carlos Carreira; University of Coimbra Paulino Teixeira; University of Coimbra Presented by: Carlos Carreira, University of Coimbra

R&D and Credit Constraints during the Financial Crisis By Sarah Demeulemeester; KULeuven Dirk Czarnitzki; KU Leuven Presented by: Sarah Demeulemeester, KULeuven

The impact of the financial crisis on investments of innovative firms By Marek Giebel; TU Dortmund Kornelius Kraft; University of Dortmund Presented by: Marek Giebel, TU Dortmund

Session Chair: Paul Heidhues, European School of Management and Techno Session 101: Information Economics II Session type: contributed August 28, 2016 11:30 to 13:00 On Signalling and Screening in Markets with Asymmetric Information Room 144 By Anastasios Dosis; ESSEC Business School Presented by: Anastasios Dosis, ESSEC Business School

Complementary monopolies with asymmetric information By Didier Laussel; GREQAM) Aix-Marseille School of Economic Joana Resende; Universidade do Porto FEP Presented by: Joana Resende, Universidade do Porto FEP

Hold-up in Vertical Hierarchies with Adverse Selection By Alberto Palermo; EBS Presented by: Alberto Palermo, EBS EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 47

Session Chair: Konrad Stahl, University of Mannheim Session 102: Information in Online Session type: contributed Markets II August 28, 2016 Under-promise and Over-Deliver? - How Online Consumer Reviews Affect Firms 11:30 to 13:00 By Simon Martin; University of Vienna Room 241 Sandro Shelegia; Pompeu Fabra University Presented by: Simon Martin, University of Vienna

Consumer Rating Dynamics: Strategic Price-Setting and the Impact on Future Profits via Reviews By Andre Stenzel; University of Leicester Christoph Wolf; University of Mannheim Presented by: Andre Stenzel, University of Leicester

Competition and welfare consequences of information aggregators By Amedeo Piolatto; Barcelona Economics Institute Presented by: Amedeo Piolatto, Barcelona Economics Institute

Session Chair: Piercarlo Zanchettin, University of Leicester Session 103: Multiproduct Firms Session type: contributed August 28, 2016 11:30 to 13:00 Multiproduct-Firm Oligopoly: An Aggregative Games Approach Room 102 By Volker Nocke; U Mannheim Nicolas Schutz; University of Mannheim Presented by: Nicolas Schutz, University of Mannheim

Dynamic Pricing and Consumer Loyalty in a Multiproduct Oligopoly By Mateusz Mysliwski; University College London Fabio Sanches; University of Sao Paulo Daniel Silva Junior; London School of Economics Sorawoot Srisuma; University of Surrey Presented by: Mateusz Mysliwski, University College London

Vertical Differentiation and Collusion: Cannibalization or Proliferation? By Jean Gabszewicz; Université Catholique de Louvain Marco Marini; University of Rome “La Sapienza” & CREI Ornella Tarola; University of Rome Presented by: Marco Marini, University of Rome “La Sapienza” & CREI

Session Chair: Margaret Kyle, MINES ParisTech Session 104: Pharmaceuticals II Session type: contributed August 28, 2016 11:30 to 13:00 Umbrella Branding in Pharmaceutical Markets Room 240 By Moritz Suppliet; Dusseldorf Institute for Competition Economics (DICE), Heinrich- Heine-University Dusseldorf Presented by: Moritz Suppliet, Dusseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University Dusseldorf

Market Exclusivity, Entry, and Consumer Welfare: The Case of FDA Regulation on the Rx-to-OTC Switch By Yang Zhang; Cornell University Presented by: Yang Zhang, Cornell University

Drug Procurement Auctions and Supply Uncertainty By Ulrich Laitenberger; ZEW Mannheim Presented by: Ulrich Laitenberger; ZEW Mannheim 48 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: David Perez-Castrillo, UAB Session 105: R & D and Innovation II Session type: contributed August 28, 2016 11:30 to 13:00 Corporate scientists as triggers of transitions in firms’ R&D strategies Room 117 By Andrés Barge-Gil; Universidad Complutense Presented by: Andrés Barge-Gil, Universidad Complutense

Novel science for industry By Reinhilde Veugelers; KU Leuven Presented by: Reinhilde Veugelers; KU Leuven

How Much Do Individuals and Organizations Contribute to Innovation? By Ajay Bhaskarabhatla; Erasmus School of Economics Deepak Hegde; New York University Thomas Peeters; Erasmus University Rotterdam Presented by: Thomas Peeters, Erasmus University Rotterdam

Session Chair: Patrick Rey, Toulouse School of Economics Session 106: Rising Stars VI Session type: contributed August 28, 2016 11:30 to 13:00 Information Exchange and Consumer Search Room A224 By Anton Sobolev; University of Vienna Presented by: Anton Sobolev, University of Vienna Discussant: Yongmin Chen, University of Colorado at Boulder

English versus Vickrey auction with loss averse bidders By Jonas von Wangenheim; Humboldt Universität Berlin Presented by: Jonas von Wangenheim, Humboldt Universität Berlin Discussant: Ran Spiegler, Tel Aviv University and University Colle

Ex post analysis of State aids : Empirical study of restructuring aids impact on investment By Juliette Rey; Paris 1 panthéon-sorbonne Presented by: Juliette Rey, Paris 1 panthéon-sorbonne Discussant: Patrick Rey, Toulouse School of Economics

Session Chair: Joanna Syrda, University of Bath Session 107: Search and Switching Costs Session type: contributed August 28, 2016 11:30 to 13:00 Consumer state dependence, switching costs, and forward-looking producers. Room 217 A dynamic discrete choice model applied to the diaper market By Dennis Rickert; DICE; University of Düsseldorf Presented by: Dennis Rickert, DICE; University of Düsseldorf

Consumer search, competition and price dispersion in retail electricity By Klaus Gugler; WU Vienna Sven Heim; ZEW Mannheim, Centre for European Economic Research Mannheim Presented by: Sven Heim, ZEW Mannheim, Centre for European Economic Research Mannheim

Salience and Switching By Andras Kiss; University of Amsterdam Presented by: Andras Kiss; University of Amsterdam EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 49

Session Chair: Laurent Linnemer, CREST Session 108: Vertical Contracts, Session type: contributed Empirics I August 28, 2016 Technology Adoption, Vertical Restraints and Partial Foreclosure: Changing the Structure 11:30 to 13:00 of an Industry Room A223 By Michelle Sovinsky; U Mannheim Presented by: Michelle Sovinsky, U Mannheim

E-book Pricing and Vertical Restraints By Babur De los Santos; Clemson University Matthijs Wildenbeest; Indiana U Presented by: Matthijs Wildenbeest, Indiana U

Rationales for Non-binding Retail-Price Recommendations: An Empirical Assessment By Tadas Bruzikas; U Groningen Presented by: Tadas Bruzikas; U Groningen

Session Chair: Leslie Marx, Fuqua School of Business Session 109: Auction Theory II Session type: contributed August 28, 2016 14:30 to 16:00 Improving Efficiency Using Reserve Prices: An Equilibrium Analysis of Core- Room 241 Selecting Package Auctions By Ryuji Sano; Kyoto University Presented by: Ryuji Sano; Kyoto University

Collusion with a Greedy Center in Position Auctions By Emmanuel Lorenzon; University of Bordeaux Presented by: Emmanuel Lorenzon; University of Bordeaux

Auctions with resale: reserve prices and revenues By Gabor Virag; U Toronto Presented by: Gabor Virag; U Toronto

Session Chair: Heski Bar-Isaac, University of Toronto Session 110: Behavioral IO Session type: invited August 28, 2016 14:30 to 16:00 Equilibrium Effects of Nudging Room A120 By Ran Spiegler; Tel Aviv University and University Colle Presented by: Ran Spiegler; Tel Aviv University and University Colle

Naivete-based Discrimination By Paul Heidhues; European School of Management and Techno Presented by: Paul Heidhues; European School of Management and Techno 50 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Alexander Rasch, Duesseldorf Institute for Competition Economics, Session 111: Collusion VI University of Duesseldorf August 28, 2016 Session type: contributed 14:30 to 16:00 Room 144 Responsibility-based allocation of cartel damages By Dominik Welter; University of Bayreuth Stefan Napel; University of Bayreuth Presented by: Dominik Welter, University of Bayreuth

On the allocation of evidence among cartelists under a leniency program: how many informants are enough? By Konstantinos Charistos; University of Macedonia Christos Constantatos; University of Macedonia Presented by: Konstantinos Charistos, University of Macedonia

Public versus private sanctions: the case of cartels By Franco Mariuzzo; University of East Anglia Presented by: Franco Mariuzzo; University of East Anglia

Session Chair: Alexei Alexandrov, Consumer Financial Protection Bureau Session 112: Contracts II Session type: contributed August 28, 2016 14:30 to 16:00 Dispersion and Aggregation of Signals in Relational Contracts Room 209 By Akifumi Ishihara; National Graduate Institute for Policy S Akitoshi Muramoto Presented by: Akifumi Ishihara, National Graduate Institute for Policy S

Setting priorities and cutting corners in relational incentive contracts By Jin Li; Northwestern University Arijit Mukherjee; Michigan State University Luis Vasconcelos; University of Essex Presented by: Luis Vasconcelos, University of Essex

On the optimal use of correlated information in contractual design under limited liability By Daniel Danau; U. Caen Basse-Normandie Annalisa Vinella; University of Bari Presented by: Daniel Danau, U Caen Basse-Normandie

Session Chair: Nikolaos Vettas, Athens U of Economics and Business Session 113: Dynamic Pricing Session type: contributed August 28, 2016 14:30 to 16:00 Optimal dynamic pricing with demand uncertainty and finite inventory Room 143 By Philippe Chone; CREST Laurent Linnemer; CREST Presented by: Philippe Chone, CREST

Competing for Strategic Buyers By Vincent Meisner; TU Berlin Presented by: Vincent Meisner; TU Berlin EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 51

Session Chair: Hunt Allcott, NYU Session 114: Energy and Session type: contributed Environmental Econ August 28, 2016 Does the EU ETS Cause Carbon Leakage in European Manufacturing? A Sector-Level 14:30 to 16:00 Analysis Room 217 By Helene Naegele; DIW Berlin Presented by: Helene Naegele; DIW Berlin

Productive performance of regulated utilities: the case of German refuse collectors By Maria Friese; Heinrich Heine University Düsseldorf Ulrich Heimeshoff; DICE; University of Düsseldorf Gordon Klein; U Düsseldorf Presented by: Maria Friese, Heinrich Heine University Düsseldorf

The Prosumers and the Grid By Axel Gautier; U Liege, HEC Management School Julien Jacqmin; University of Liege Jean-Christophe Poudou; University of Montpellier Presented by: Axel Gautier, U Liege, HEC Management School

Session Chair: Hans-Theo Normann, U Düsseldorf Session 115: Experiments III Session type: contributed August 28, 2016 14:30 to 16:00 Choosing whether to compete: Price and format competition with consumer Room 118 confusion By Paolo Crosetto; INRA - French National Institute for Agronomic Research Alexia Gaudeul; Georg-August-Universität Göttingen Presented by: Alexia Gaudeul, Georg-August-Universität Göttingen

Huntin Unicorns? Experimental Evidence on Predatory Pricing By Armin Schmutzler; University of Zurich Presented by: Armin Schmutzler; University of Zurich

Session Chair: Kim Huynh, Bank of Canada Session 116: Firm Dynamics II Session type: contributed August 28, 2016 14:30 to 16:00 Acquisitions, Markups, and Efficiency: Evidence from India Room 215 By Joel Stiebale; University of Duesseldorf Dev Vencappa; University of Nottingham

Presented by: Joel Stiebale, University of Duesseldorf

Demand Shock and Productivity: What Determines Firms’ Investment and Exit Decisions? By Pradeep Kumar; U Exeter Presented by: Pradeep Kumar; U Exeter

The Role of Heterogeneous Markups when Quantifying Misallocation: Firm-Level Evidence for Italy By Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata University Presented by: Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata University 52 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Marta Troya-Martinez, New Economic School Session 117: Information Economics III Session type: contributed August 28, 2016 14:30 to 16:00 Certification and Market Transparency Room A223 By Konrad Stahl; University of Mannheim Presented by: Konrad Stahl; University of Mannheim

The Social Value of Information with an Endogenous Public Signal By Anna Bayona; ESADE Business School Presented by: Anna Bayona; ESADE Business School

Inducing Herding with Capacity Constraints By Alexei Parakhonyak; University of Oxford Nick Vikander; University of Copenhagen Presented by: Alexei Parakhonyak; University of Oxford

Session Chair: Klaus Kultti, university of helsinki Session 118: Micro Theory II Session type: contributed August 28, 2016 14:30 to 16:00 To the highest bidder: The market for talent in sports leagues Room 119 By Roberto Burguet; Institute of Economic Analysis (CSIC) Jozsef Sakovics; The University of Edinburgh Presented by: Jozsef Sakovics; The University of Edinburgh

Skill Diversity and Leadership in Team Production By Keisuke Hattori; Osaka University of Economics Mai Yamada; Showa Women’s University Presented by: Mai Yamada; Showa Women’s University

Optimal Defensive Patent Insurance Contracts By Jorge Lemus; University of Illinois Urbana Champaign Emil Temnyalov John Turner; University of Georgia Presented by: Jorge Lemus; University of Illinois Urbana Champaign

Session Chair: Martin Gregor, Charles University, Prague Session 119: Oligopoly III Session type: contributed August 28, 2016 14:30 to 16:00 Competitive and Welfare Implications of Cross-Holdings in Oligopoly Room 102 By Hongkun Ma; Shandong University Cheng-Zhong Qin; University of California at Santa Barbara Chenhang Zeng; RCGEB, Shandong University Presented by: Chenhang Zeng; RCGEB, Shandong University

Mixed Duopoly: A Differential Game Approach By Koichi Futagami; Osaka University Toshihiro Matsumura; The University of Tokyo Kizuku Takao; Aomori Public University Presented by: Kizuku Takao; Aomori Public University

Taxation under Oligopoly in a General Equilibrium Setting By David Collie; Cardiff University Presented by: David Collie; Cardiff University EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 53

Session Chair: Paula Gonzalez, Universidad Pablo de Olavide Session 120: Pharmaceuticals III Session type: contributed August 28, 2016 14:30 to 16:00 The More We Die, The More We Sell? A Simple Test of the Home-Market Effect Room A224 By Arnaud Costinot; MIT Dave Donaldson; Stanford University Margaret Kyle; MINES ParisTech Heidi Williams; MIT Presented by: Margaret Kyle; MINES ParisTech

Competitive Dynamics in the Pharmaceutical Industry By Micael Castanheira; ECARES, ULB Carmine Ornaghi; University of Southampton Georges Siotis; Universidad Carlos III de Madrid Presented by: Carmine Ornaghi; University of Southampton

The Incentives for M&As in the Pharmaceutical Industry By Hendrik Meder; KU Leuven Presented by: Hendrik Meder; KU Leuven

Session Chair: Mattia Nardotto, DIW Berlin Session 121: Telecoms II Session type: contributed August 28, 2016 14:30 to 16:00 Private Operators’ Entry Strategies in the FttH Market – The Case of France Room 219 By Maude Hasbi; Telecom ParisTech Presented by: Maude Hasbi; Telecom ParisTech

Bridging the Digital and Economic divide? an evaluation of a State aid Program for Broadband Deployment in Rural Areas of Bavaria By Wolfgang Briglauer; ZEW Mannheim Niklas Duerr; ZEW Mannheim Oliver Falck; University of Munich (LMU) Kai Hueschelrath; ZEW Mannheim Presented by: Niklas Duerr; ZEW Mannheim

Regulation and Investment in European High-Speed Broadband Infrastructure By Wolfgang Briglauer; ZEW Mannheim Carlo Cambini; Politecnico di Torino Michal Grajek; ESMT European School of Management and Technology Presented by: Michal Grajek; ESMT European School of Management and Technology 54 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session Chair: Charles Murry, The Pennsylvania State University Session 122: Vertical Contracts, Session type: contributed Empirics II August 28, 2016 Vertical Integration and Consumer Welfare under Non-Price Competition in the Movie 14:30 to 16:00 Theater Industry Room 240 By In Kyung Kim; Nazarbayev U Presented by: In Kyung Kim; Nazarbayev U

Franchisor Moral Hazard and Outlet Location Choices: Evidence from Franchised Chains in South Korea By Jungwon Yeo; Singapore Management University Presented by: Jungwon Yeo; Singapore Management University

Vertical Relationships in Bilateral Oligopolies: A Structural Bargaining Model with Limited Data By Celine Bonnet; Toulouse School of Economics Zohra Bouamra Mechemache; Toulouse School of Economics (GREMAQ-INRA) Hugo Molina; Ecole polytechnique Presented by: Hugo Molina; Ecole polytechnique EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 55

INDEX OF PRESENTERS

Legend: C=chair, P=Presenter, D=Discussant

Añon Higon, Dolores P92 Carreira, Carlos P100 Affeldt, Pauline P17 Chao, Yong P77 Aghadadashli, Hamid P1 Charistos, Konstantinos P111 Aguirregabiria, Victor P15, D31, C94 Chen, Xi P62 Alexandrov, Alexei P46, P73, C112 Chen, Yongmin P49, D106 Allain, Marie Laure C15, P53 Chone, Philippe C9, P113 Allcott, Hunt P94, C114 Christin, Clemence P35 Andersson, Ola P34 Clerides, Sofronis C16, D16, P52 Aoki, Reiko P90 Collie, David C92, P119 Armand, Alex P56 Conkling, Thomas P69 Arve, Malin P42 Correia-da-Silva, Joao P58 Atal, Vidya C74, P87 Cosnita-Langlais, Andreea P75 Athanasopoulos, Athanasios P10 Crawford, Gregory D16, P65 BAKAOUKA, ELPINIKI P87 Cunha, Mariana P30 Bar-Isaac, Heski D61, P93, C110 D’Annunzio, Anna P75 Barbosa, Klenio P78 Danau, Daniel P112 Barge-Gil, Andrés P105 Dargaud, Emilie P36 Bartoloni, Eleonora P72 de Haas, Samuel P36 Battaggion, Maria Rosa P48 de Rassenfosse, Gaetan P74 Bayona, Anna C71, P117 De Silva, Dakshina P95 Bedre-Defolie, Özlem C13, P37 Demeulemeester, Sarah P72, P100 Bennato, Anna Rita P18 dePinto, Marco P11 Bokhari, Farasat P12 Deuflhard, Florian P45 Bonatti, Alessandro D16, P19 Diaz, Jose Guillermo P81 Bonfim, Diana P96 Dimakopoulos, Philipp P16 Bonnet, Celine C79, P88 Dittrich, Johannes P48 Bontemps, Christian C21, P81 Dobbelaere, Sabien P37 Bos, Iwan C18, P36 Dosis, Anastasios P101 Bourreau, Marc P13, C87 Duch-Brown, Nestor P54 Broos, Sébastien P33 Duerr, Niklas P121 Bruzikas, Tadas P34, P108 Dyballa, Katharina P20 Buehler, Stefan P14, C26 Ebina, Takeshi P40 Buso, Marco P68 Einiö, Elias P72 Cabral, Luis P32, D45, C49 Ellman, Matthew C11, P58 Cai, Dapeng P62 Ershov, Daniel P45 Calligaris, Sara P116 Fagart, Thomas P80 Calzolari, Giacomo C63, P78, P93 Feger, Fabian P98 Canidio, Andrea C42, P57 Ferraro, Jimena P39 56 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Fink, Nikolaus P18 Ilin, Cornelia P45 Fiuza, Eduardo P22 Iozzi, Alberto C30, P44 Florez Acosta, Jorge P79 Ishihara, Akifumi P112 Friese, Maria P114 Ishikawa, Jota P62 Gagnepain, Philippe P9, C81 Itin-Shwartz, Beata P31 Gamp, Tobias P32 Itoh, Hideshi P42 Garcia, Filomena P26 Janssen, Maarten C32, P63 Garcia Pires, Armando J. P7 Jeon, Jihye P31 Gaudeul, Alexia C53, P115 Jo, Arrah-Marie P84 Gaudin, Germain P35 Johnen, Johannes P60 Gautier, Axel C5, P114 Jullien, Bruno D61, P84 Genesove, David P8, C31, D31 Jung, Markos P25 Gezer, Serhat P24 Karle, Heiko C34, P75 Ghosal, Vivek C67, P80 Kastl, Jakub P2, C65 Giebel, Marek P100 Kawaguchi, Kohei C3, P50 Godenhielm, Mats P60 Kesler, Reinhold P85 Gonzalez, Paula P97, C120 Kiedaisch, Christian P39 Grajek, Michal C17, P121 Kilinc, Umut P92 Gregor, Martin P86, C119 Kim, In Kyung P122 Gregory-Smith, Ian C7, P20 Kim, Myongjin P3, C22 Gretschko, Vitali P51 Kim, Hyunchul P15 Gu, Yiquan C41, P90 Kiss, Andras C46, P107 Hasbi, Maude P121 Kitano, Taiju P52 Hefti, Andreas P34 Kokovin, Sergey P25, C82 Heidhues, Paul C101, P110 Kopel, Michael P41, C89 Heim, Sven P107 Koska, Onur P82 Hellmann, Tim C10, P26 Kultti, Klaus P86, C118 Hellwig, Michael P6 Kumar, Pradeep C38, P116 Hendel, Igal P94 Kyle, Margaret C104, P120 Herbst, Holger P61 Laitenberger, Ulrich P104 Heresi, José Ignacio P61 Lang, Matthias C58, P73 Hinnosaar, Toomas P58, C76 Larrieu, Thomas P28 Hinterecker, Harald P99 Lasio, Laura P12 Hossain, Tanjim P95 Lømo, Teis P14 Hud, Martin P56 Lee, Pak Yee P43 Hueschelrath, Kai P3, C64 Lelarge, Claire P11, C54 Hussinger, Katrin P73 Lemus, Jorge C27, P118 Huynh, Kim P77, C116 Letina, Igor P39 Hyytinen, Ari P44 Levonyan, Vardges P55 Ikuta, Yusuke P47 Li, Kun P54 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 57

Lijesen, Mark P64 Murry, Charles P79, C122 Linnemer, Laurent P93, C108 Mysliwski, Mateusz P103 Lipatov, Vilen P13 Naegele, Helene P114 Loertscher, Simon P57, C73 Nagaoka, Sadao P27, C39, P74 Lorenzon, Emmanuel P109 Nardotto, Mattia P17, C121 Luelfesmann, Christoph P68 Newberry, Peter C8, P22 Machado, Matilde C55, P70 Nicolle, Ambre P16 Magnolfi, Lorenzo P22 Nieswand, Maria P30 Malo, Stéphane P29 Nilsen, Oivind P69, C96 Mamadehussene, Samir P14 Nishijima, Masuyuki P41 Manduchi, Agostino P84 Nishiwaki, Masato P18 Mantovani, Andrea P10 Normann, Hans-Theo P23, C115 Marchi Adani, Riccardo P91 Nosal, Kathleen P55, C70 Marini, Marco C86, P103 Nowak, Verena P47 Mariuzzo, Franco C40, P111 Obradovits, Martin P60, C77 Marshall, Guillermo P15, P40, C90 Odenkirchen, Johannes P4 Martin, Simon P102 ohashi, hiroshi P50 Marx, Leslie P51, C109 Oikawa, Koki C29, P85 Masiero, Giuliano P6 Okada, Yoshimi P27 Mata, Jose C62, P92 Oki, Ryoko P43 Matsushima, Noriaki P76 Olczak, Matthew C4, P67 Matvos, Gregor P2 Ordonez-Calafi, Guillem P91 Maxin, Hannes P71 Ornaghi, Carmine C12, P120 McGowan, Danny P47 Pagnozzi, Marco P23, C95 Meder, Hendrik P120 Palermo, Alberto P101 Meisner, Vincent P113 Parakhonyak, Alexei P117 Michel, Christian C68, P88 Pavan, Giulia P83 Milliou, Chrysovalantou P63 Pavanini, Nicola C69, P96 Millot, Valentine P46 Peeters, Thomas P105 Mitchell, Matthew P19, D91 Peeters, Ronald C23, P53 Miyamoto, Takuro P99 Peitz, Martin P33, C61, D61 Mizuno, Keizo P63 Pereira, Pedro C59, P66 Moellers, Claudia P23 Perez-Castrillo, David P29, C105 Molina, Hugo P122 Peters, Bettina C72, P85 Mollisi, Vincenzo P11 Petropoulos, Georgios P76 Montez, Joao P35, C93 Pfeifer, Gregor P38 Moraga-Gonzalez, Jose L. P32, C33 Piechucka, Joanna P9 Mori, Yusuke P42 Piekkola, Hannu P38 Motchenkova, Evgenia P80 Piga, Claudio P3, C50 Murmann, Martin P38 Piolatto, Amedeo C25, P102 58 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Pires, Cesaltina P86 Spiegler, Ran D106, P110 Planer-Friedrich, Lisa P20 Stahl, Konrad C102, P117 Polo, Michele C36, P66 Stenbacka, Rune P5, C84 Pouyet, Jerome P71, C80 Stenzel, Andre P102 Rasch, Alexander P4, C111 Stiebale, Joel P116 Rechlitz, Julia P30 Stitzing, Robin P52 Resende, Joana C60, P76, P101 SUAREZ, CARLOS P89 Rey, Juliette P106 Sudaric, Slobodan P10 Rey, Patrick P4, C106, D106 Suppliet, Moritz P104 Ribeiro, Ricardo P59, C88 Syrda, Joanna P8, C107 Rickert, Dennis P107 Szuecs, Florian P98 Roy, Santanu P71 Takao, Kizuku P119 Sacks, Michael P57 Tebaldi, Pietro P70 Sahm, Marco P1 Temnyalov, Emil P64 Sakovics, Jozsef P41, C51, D118 Tesfay Ghebrihiwet, Nahom P82 Samano, Mario P6, C98 Thiel, Jurre P61 Sand-Zantman, Wilfried P40, C97 Thoene, Miriam P1 Sandor, Zsolt P21 Toh, Ying Lei P97 Sano, Ryuji P109 Toth, Lukas P66 Santos, Anabela P29 Tregouet, Thomas P13, C28 Santos-Pinto, Luis P7 Trindade, Andre C83, P98 Saric, Amela P55 Troya-Martinez, Marta P5, C117 Savelkoul, Ruben P59 Tsukada, Naotoshi P56 Schmalz, Martin P96 Tsuruoka, P81 Schmutzler, Armin C24, P115 Ushchev, Philipp P21 Schnurr, Daniel P17, P53 Valbonesi, Paola P44, C78 Schober, Dominik P83, C99 Van Moer, Geert P59 Schoonbeek, Lambert P5 Vasconcelos, Luis C37, P112 Schuett, Florian C56, P74 Verdier, Marianne P43, C75 Schutz, Nicolas C47, P103 VERGE, Thibaud P28, C35 SCHWALBE, ULRICH C66, P83 Vettas, Nikolaos C113 Seliger, Florian P26 Veugelers, Reinhilde C85, P105 Seres, Gyula P67 Vial, Bernardita P69 Shelegia, Sandro C1 Viete, Steffen P54 Siedlarek, Jan-Peter P9 Viotto, Jordana P91 Slade, Margaret D31, P88 Virag, Gabor C57, P109 Sobolev, Anton P106 Vives, Xavier P51 Sovinsky, Michelle C2, D45, P108 von Ungern-Sternberg, Thomas C14, P87 Spagnolo, Giancarlo C44, P78, P97 von Wangenheim, Jonas P106 Spiegel, Yossi P67, D91 Wakamori, Naoki P79 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 59

Waldfogel, Joel C45, D45, P65 WANG, Yongying P89 Wang, Chengsi P28, C43 Wang, Wenche P46 Waterson, Michael C6, P25 Weche, John P82, C100 Weiergraeber, Stefan P95 Welter, Dominik P111 White, Lawrence P8, C20 Wildenbeest, Matthijs C91, D91, P108 Wilhelm, Sascha P31 Wilson, Chris P33, C48 Woerter, Martin C52, P99 Wolf, Christoph P37 Xu, Lei P68 Yamada, Mai P118 P118 Yeo, Jungwon P122 P122 Yontcheva, Biliana P89 Yoshimoto, Hisayuki P77 Yuan, Zhe P64 Zanchettin, Piercarlo P27, C103 Zegners, Dainis P16 Zeng, Chenhang P119 Zennyo, Yusuke P48 Zhang, Yang P104 Zhou, Jidong C19, P49 Zhu, Jialiang P90 Zvilichovsky, David P24 60 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

ADDITIONAL PRACTICAL INFORMATION ABOUT LISBON AND PORTUGAL

General information

Language: Portuguese (official language)

Currency: Euro (EUR) – Portugal is a member of the Eurozone

ATMs are available in Lisbon and all types of credit cards are accepted. Remember that every time you withdraw cash, there will be a transaction surcharge. Find out from your bank the exact amount. Most shops and restaurants have credit card services. Just in case, especially for small amounts, ask in advance if the service is available.

Tipping: in expensive restaurants it is expected, with around 5 percent being the usual amount. Taxi drivers do not have to be tipped.

Health: No particular health risks.

Time difference: GMT +0 hour

Dialling code: +351

Temperature: In summer, weather is generally hot with average minimum temperatures between 14 and 17°C and average maximum temperatures between 27 and 34°C

Electricity: the electrical system in Portugal is 220 volts. To use 120-volt appliances you need both a transformer and an adapter plug. Both of these can be purchased in electrical stores or travelers’ shops before arriving in Portugal or in Portugal after you arrive.

Banks: in general, banks are open Monday through Friday from 8:30 am to 3:00 pm.

Passport & VISA: European Citizens whose countries are in the Schengen Area can enter Portugal just on a valid identity card or passport. Citizens from all other countries must show their passports; where a visa is required, this must also be presented to the border authorities and must indicate the length of the holder’s stay and his or her destination. Visa applications - specifying the reason for the trip - must be obtained at the Portuguese Consulate in the applicant’s country of residence. There are no limits to what may be bought or carried on trips within the European Union, provided such purchases are for the traveller’s own personal use.

VAT: Value-added tax (IVA) is nearly always included in quoted prices. If you are a non-EU resident and you spend more than Euros 49,88 (net value without VAT) on a purchase, you can claim a refund when you leave the EU. The refund only applies to purchases from affiliated retail outlets that display a ‘Tax Free for Tourists’ sign.

Smoking regulations: Smoking is not permitted indoors in public buildings and other places open to the public. This also includes restaurants, pubs and clubs. In some places there are designated smoking zones. EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics 61

GETTING AROUND IN LISBON

Lisbon features an extensive public transport network, comprising both underground and surface means of getting around. Relying on the metros, buses and trams of Lisbon is one of the most cost efficient and flexible manners of discovering the city, since Carris, the main company in charge, makes available a wide range of tickets and passes, as well multiple means of paying for the transport services.:

By metro The metro stations are, signposted by large blue M signs and, most of the information is featured in English too (though the voice announcements are made only in Portuguese). In order to travel by metro in Lisbon, visitors must buy tickets which are distinct from the tickets dedicated to the surface transport, but there are all sorts of passes which are valid for the entire network of public transport (surface and underground alike). For complete and updated information on the metro lines, stations, ticket sale points, prices, follow the indications below: http://metro.transporteslisboa.pt/eng/

By Bus Carris is the main company in charge with running the public surface transport of Lisbon. The company manages the bus (autocarro) and tram (electrico) networks, as well as the funicular system (ascensores e elevador) of Lisbon. Its network extends on virtually the entire city, as well as in the surrounding areas. The company also provides airport transfer services. For complete and updated information on the carris stations, ticket sale points, prices, follow the indications below: www.carris.pt

By Taxi Getting around by taxi in Lisbon is definitely another option. There are plenty of taxi companies and taxi ranks throughout the city, not to mention taxis can also count as one of the means of airport transfer. www.taxislisboa.com www.teletaxis.pt

Taxi Voucher Title of Transportation by taxi with a guarantee rate. Exclusive sale at the Ask me Lisboa Tourism Offices at the Airport - Arrivals Taxi Voucher Service is valid only from the Airport to your destination. 62 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics