15th SAET Conference on Current Trends in Economics University of Cambridge July 27-31, 2015 Key

Registration desk

Lunch stations

Desk for Martina Bihn

Coffee stations Program Committee:

• Allen, Beth (University of Minnesota, USA, [email protected]) • Amir, Rabah (University of Iowa, USA, [email protected]) • Araujo, Aloisio (Instituto Nacional de Matemática Pura e Aplicada, Brazil, [email protected]) • d'Aspremont, Claude (Universite Catholique de Louvain, Belgium, [email protected]) • Basile, Achille (University of Naples Federico II, Italy, [email protected]) • Cavalcanti, Tiago (University of Cambridge, UK, [email protected]) — Co-Chair • Chernozhukov, Victor (Massachusetts Institute of Technology, USA, [email protected]) • Cornet, Bernard (PSE-University of Paris I & University of Kansas, France & USA, [email protected]) • Hammond, Peter (University of Warwick, UK, [email protected]) • Hervés-Beloso, Carlos (University of Vigo, Spain, [email protected]) • Horner, Johannes (Yale University, USA, [email protected]) • Kaneko, Mamoru (Waseda University, Japan, [email protected]) • Kehoe, Timothy (University of Minnesota and Federal Reserve Bank of Minneapolis, USA, [email protected]) • Kojima, Fuhito (Stanford University, USA, [email protected]) • Kovenock, Dan (Chapman University, USA, [email protected]) • Levine, David (Washington University-St. Louis, USA, [email protected]) • Machina, Mark (University of California at San Diego, USA, [email protected]) • Moulin, Herve (University of Glasgow, Scotland, [email protected]) • Nishimura, Kazuo (Kyoto University, Japan, [email protected]) • Plott, Charles (California Institute of Technology, USA, [email protected]) • Podczeck, Konrad (Universitat Wien, Austria, [email protected]) • Polemarchakis, Herakles (University of Warwick, UK, [email protected]) • Prescott, Edward C. (Arizona State University, USA, [email protected]) • Quah, John (University of Oxford, UK, [email protected]) • Reny, Philip (University of Chicago, USA, [email protected]) • Ritzberger, Klaus (Institute for Advanced Studies-Vienna, Austria, [email protected]) • Sabourian, Hamid (University of Cambridge, UK, [email protected]) — Co-Chair • Shannon, Chris (University of California-Berkeley, USA, [email protected]) • Squintani, Francesco (University of Warwick, UK, [email protected]) • Tourky, Rabee (Australian National University, Australia, [email protected]) • Tsomocos, Dimitrios (University of Oxford, UK, [email protected]) • Villamil, Anne (University of Iowa, USA, [email protected]) • Yannelis, Nicholas (University of Iowa, USA, [email protected]) — Co-Chair • Zame, William (UCLA, USA, [email protected])

Local Organizing Committee

• Cavalcanti, Tiago (University of Cambridge, UK, [email protected]) • Sabourian, Hamid (University of Cambridge, UK, [email protected])

Session Organizers

• Allen, Beth (University of Minnesota, USA, [email protected]) • Allouch, Nizar (Queen Mary, University of London, UK, [email protected]) • Alos-Ferrer, Carlos (University of Cologne, Germany, [email protected]) • Amir, Rabah (University of Iowa, USA, [email protected]) • Anesi, Vincent (University of Nottingham, UK, [email protected]) • Araujo, Aloisio (Instituto Nacional de Matemática Pura e Aplicada, Brazil, [email protected] • Arkolakis, Costas (Yale University and Princeton University, USA, [email protected]) • Balasko, Yves (University of York, UK, [email protected]) • Beviá, Carmen (UAB, Spain, [email protected]) • Bisin, Alberto (New York University, USA, [email protected]) • Bloch, Francis (University Paris 1 Pantheon Sorbonne & PSE, France, [email protected]) • Blume, Andreas (University of Arizona, USA, [email protected]) • Bogomolnaia, Anna (University of Glasgow, Scotland, [email protected]) • Bonanno, Giacomo (University of California-Davis, USA, [email protected]) • Bond, Eric W. (Vanderbilt University, USA, [email protected]) • Boulatov, Alex (HSE Moscow, Russia, [email protected]) • Boyarchenko, Svetlana (University of Texas-Austin, USA, [email protected]) • Camera, Gabriele (Chapman University, USA, [email protected]) • Carmona, Guilherme (University of Surrey, UK, [email protected]) • Cavalcanti, Tiago (University of Cambridge, UK, [email protected]) • Chade, Hector (Arizona State University, USA, [email protected]) • Chateauneuf, Alain (PSE-University of Paris I, France, [email protected]) • Chun, Youngsub (Seoul National University, Korea, [email protected]) • Corchon, Luis (Carlos III University of Madrid, Spain, [email protected]) • Cornet, Bernard (PSE-University of Paris I & University of Kansas, France & USA, [email protected]) • Correia-da-Silva, Joao (University of Porto, Portugal, [email protected]) • d'Aspremont, Claude (Universite Catholique de Louvain, Belgium, [email protected]) • Dávila, Julio (CORE-University of Louvain, Belgium, [email protected]) • Dhillon, Amrita (King's College, UK, [email protected]) • Dos Santos Ferreira, Rodolphe (BETA, University of Strasbourg, France, [email protected]) • Eraslan, Hülya (Rice University, USA, [email protected]) • Espinoza, Raphael (University College London, UK, [email protected]) • Facchini, Giovanni (University of Nottingham, UK, [email protected]) • Faias, Marta (Universidade Nova de Lisboa, Portugal, [email protected]) • Faro, Jose Heleno (Insper Institute of Education and Research, Brazil, [email protected]) • Friedenberg, Amanda (Arizona State University, USA, [email protected]) • Fujiwara-Greve, Takako (Keio University, Japan, [email protected]) • Galli, Silvia (CORE, C. University of Louvain, Belgium, [email protected]) • Gottardi, Piero (European University Institute, Italy, [email protected]) • Grabisch, Michel (Université Paris I, France, [email protected]) • Graziano, Maria Gabriella (University of Naples Federico II, Italy, [email protected]) • Herings, Jean-Jacques (Maastricht University, The Netherlands, [email protected]) • Hervés-Beloso, Carlos (University of Vigo, Spain, [email protected]) • Impullitti, Giammari (University of Nottingham, UK, [email protected]) • Imrohoroglu, Selahattin (University of Southern California, USA, [email protected]) • Kamihigashi, Takashi (Kobe University, Japan, [email protected]) • Kaplan, Todd R. (University of Exeter, UK, [email protected]) • Kehoe, Timothy (University of Minnesota and Federal Reserve Bank of Minneapolis, USA, [email protected]) • Kesten, Onur (Carnegie Mellon University, USA, [email protected]) • Kets, Willemien (Northwestern University, USA, [email protected]) • Khan, M. Ali (Johns Hopkins University, USA, [email protected]) • Kim, Kyungmin (Teddy) (University of Iowa, [email protected]) • Kojima, Fuhito (Stanford University, USA, [email protected]) • Koutsougeras, Leonidas (University of Manchester, UK, [email protected]) • Kovenock, Dan (Chapman University, USA, [email protected]) • Krebs, Tom (University of Mannheim, Germany, [email protected]) • Kubler, Felix (University of Zürich, Switzerland, [email protected]) • Livshits, Igor (University of Western Ontario, Canada, [email protected]) • Luo, Xiao (National University of Singapore, Singapore, [email protected]) • Manzini, Paola (University of St Andrews, UK, [email protected]) • Mariotti, Marco (Queen Mary University of London, UK, [email protected]) • McLean, Richard (Rutgers University, USA, [email protected]) • Mendicino, Caterina (Bank of Portugal, Portugal, [email protected]) • Menezes, Flavio (University of Queensland, Australia, [email protected]) • Miao, Jianjun (Boston University, USA, [email protected]) • Moreno, Diego (Universidad Carlos III de Madrid, Spain, [email protected]) • Moreno-García, Emma (Universidad de Salamanca, Spain, [email protected]) • Moulin, Herve (University of Glasgow, Scotland, [email protected]) • Nachbar, John (Washington University-St. Louis, USA, [email protected]) • Nishimura, Kazuo (Kyoto University, Japan, [email protected]) • Page, Frank (Indiana University, USA, [email protected]) • Peiris, M. Udara (ICEF, NRU Higher School of Economics, Russia, [email protected]) • Podczeck, Konrad (Universitat Wien, Austria, [email protected]) • Prescott, Edward (Federal Reserve Bank-Richmond, USA, [email protected]) • Qin, Cheng-Zhong (University of California-Santa Barbara & SDU, USA, [email protected]) • Quah, John (University of Oxford, UK, [email protected]) • Rauh, Christopher (University of Cambridge, UK, [email protected]) • Reffett, Kevin (Arizona State University, USA, [email protected]) • Reny, Philip (University of Chicago, USA, [email protected]) • Riedel, Frank (Bielefeld University, Germany, [email protected]) • Rincon-Zapatero, Juan Pablo (Universidad Carlos III de Madrid, Spain, [email protected]) • Ritzberger, Klaus (Institute for Advanced Studies-Vienna, Austria, [email protected]) • Roberson, Brian A. (Purdue University, USA, [email protected]) • Rostek, Marzena (University of Wisconsin, USA, [email protected]) • Rusinowska, Agnieszka (CNRS - PSE, University of Paris 1, France, [email protected]) • Sabourian, Hamid (University of Cambridge, UK, [email protected]) • Said, Maher (NYU-Stern, USA, [email protected]) • Shannon, Chris (University of California-Berkeley, USA, [email protected]) • Siniscalchi, Marciano (Northwestern University, USA, [email protected]) • Skreta, Vasiliki (University College London, UK, [email protected]) • Squintani, Francesco (University of Warwick, UK, [email protected]) • Starr, Ross (University of California-San Diego, USA, [email protected]) • Stecher, Jack (Carnegie Mellon University, USA, [email protected]) • Sun, Yeneng (National University of Singapore, Singapore, [email protected]) • Taub, Bart (Glasgow University, UK, [email protected]) • Teytelboym, Alex (INET-University of Oxford, UK, [email protected]) • Trockel, Walter (Bielefeld University, Germany, [email protected]) • Tsomocos, Dimitrios (University of Oxford, UK, [email protected]) • Tvede, Mich (Newcastle University, UK, [email protected]) • Unver, M. Utku (Boston College, USA, [email protected]) • Vardoulakis, Alexandros (Federal Reserve Board, USA, [email protected]) • Villamil, Anne (University of Iowa, USA, [email protected]) • Vives, Xavier (IESE Business School, Spain, [email protected]) • Vohra, Rakesh (University of Pennsylvania, USA, [email protected]) • Wang, Ping (Washington University-St Louis, USA, [email protected]) • Weber, Shlomo (Southern Methodist University, USA, [email protected]) • Wenzelburger, Jan (University of Liverpool, UK, [email protected]) • Wooders, John (University of Technology Sydney, Australia, [email protected]) • Wozny, Lukasz (Warsaw School of Economics, Poland, [email protected]) • Xiong, Siyang (University of Bristol, UK, [email protected]) • Yannelis, Constantine (Stanford University, USA, [email protected]) • Yannelis, Nicholas (University of Iowa, USA, [email protected]) • Young, Eric (University of Virginia, USA, [email protected])

PLENARY SESSION DETAILS

Monday, July 27, 2015, 12:30-1:30 Room: SC3 / SC4 PRESIDENTIAL LECTURE Speaker: Bernard Cornet (PSE-University of Paris I & University of Kansas) Title: Ambiguity in Financial Economics Chair: Aloisio Araujo (Instituto Nacional de Matemática Pura e Aplicada)

Tuesday, July 28, 2015, 12:00-1:00 Room: SC3 / SC4 SIR JOHN HICKS LECTURE Speaker: Robert Townsend (MIT) Title: A Market Based Solution for Fire Sales and other Price Externalities: Segregated Security Exchanges and Ex Ante Rights to Trade Chair: Edward C. Prescott (Arizona State University)

Wednesday, July 29, 2015, 12:00-1:00 Room: SC3 / SC4 DAVID CASS LECTURE Speaker: Partha Dasgupta (University of Cambridge) Title: Welfare Axiomatics Chair: Hamid Sabourian (University of Cambridge)

Thursday, July 30, 2015, 11:30-12:30 Room: SC3 / SC4 LIONEL MCKENZIE LECTURE Speaker: Philip Reny (University of Chicago) Title: Sequential Equilibria of Multistage Games with Infinite Sets of Actions and Types Chair: Konrad Podczeck (Universitat Wien)

Friday, July 31, 2015, 12:00-1:00 Room: SC3 / SC4 ALIPRANTIS PRIZE LECTURE Speaker: Gabriel Carroll (Stanford University) Title: Robust Incentive Contracting Chair: Beth Allen (University of Minnesota)

In the case of overflow, we will be streaming the talks in SC10 / SC11. MONDAY, JULY 27, 2015 8:30-9:45 Registration 9:45-10:00 Opening Remarks Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

International Trade Liquidity, Asset Prices, Dynamic Adverse Mathematical Games and Economic Contests: Groups and Evolution and Learning 10:00-12:00 Session Political Economy I Real Option Games and Trade and Optimal Policy Selection Economics Theory Design I: Games Agreements

Alexandros Francesco Squnitani & Luis Corchón and Organizer/Chair Vardoulakis Kyungmin (Teddy) Kim Yeneng Sun Amrita Dhillon Carlos Hervés-Beloso Frank Riedel Carmen Beviá Eric Bond Carlos Alos-Ferrer Chair Skander Van den Heuvel Luis Corchón

12:00-12:30 Coffee Break 12:30-1:30 Presidential Lecture - Bernard Cornet (PSE-University of Paris I & University of Kansas), Chair: Aloisio Araujo Location: SC3/SC4 Stream: SC10/SC11 1:30-2:30 Lunch Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Topics in Information International Trade Bargaining Theory Financial Networks Contests: Theory and Evolution and Learning 2:30-4:30 Session Microeconomic Political Economy II General Equilibrium Acquisition and and Factor and Applications and Systemic Risk I Applications II: Applications Theory I Production Movements I

Francesco Squnitani & Luis Corchón and Giovanni Facchini and Organizer/Chair Cheng-Zhong Qin Siyang Xiong Frank Page Amrita Dhillon Carlos Hervés-Beloso Maher Said Carmen Beviá Giammario Impullitti Carlos Alos-Ferrer Chair Raphael Boleslavsky Carmen Beviá Giammario Impullitti

4:30-5:00 Coffee Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13 Information Topics in Industrial International Trade General Equilibrium Financial Networks Matching and Market Applied General 5:00-7:00 Session Aggregation in Political Economy III Organization & and Factor Finance and Decision and Financial Frictions and Systemic Risk II Design I Equilibrium Theory Markets Finance Movements II

Francesco Squnitani & Giovanni Facchini and Bernard Cornet & Alain Organizer/Chair Xavier Vives Aloisio Araujo Frank Page Amrita Dhillon Marta Faias Fuhito Kojima Yves Balasko Giammario Impullitti Chateauneuf Chair Giammario Impullitti Bernard Cornet

Room SC3 The Theory of Value: A Memorial Session 7:00 Session for Monique Florenzano Organizer/Chair M. Ali Khan Chair TUESDAY, JULY 28, 2015 9:00-9:30 Registration Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Topics in Industrial Microstructure Public Economics and Topics in Game Auctions and 9:30-11:30 Session International Trade Organization and Political Economy IV Economic Theory I Theory Networks Theory I Experiments Economic Theory

Francesco Squnitani & Organizer/Chair Costas Arkolakis Emma Moreno-Gercia Alex Boulatov Nizar Allouch Amrita Dhillon Xiao Luo Nicholas Yannelis Todd Kaplan Chair Peter Neary Larry Selden

11:30-12:00 Coffee Break 12:00-1:00 Sir John Hicks Lecture - Robert Townsend (MIT), Chair: Edward C. Prescott Location: SC3/SC4 Stream: SC10/SC11 1:00-2:30 Lunch Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Social Choice and Bubbles, Multiple Open Economy Topics in Applied Topics in Financial Topics in Game Experimental 2:30-4:30 Session Cooperative Game Equilibria, and Political Economy V Economic Theory II Macroeconomics Theory Stability Theory II Economics Theory Economic Activities I

Udara Peiris & Francesco Squnitani & Zhiwei (Vina) Liu & Organizer/Chair Tim Kehoe Youngsub Chun Rabah Amir Dimitrios Tsomocos Jianjun Miao Amrita Dhillon Xiao Luo Nicholas Yannelis Todd Kaplan Chair Dimitrios Tsomocos Pengfei Wang Ming Li Peter Hammond

4:30-5:00 Coffee Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

International Trade Bubbles, Multiple Credit Market Implementation via Economics of 5:00-7:00 Session Theory and Its Dynamic Games Equilibria, and Network Formation Economic Theory III Communication Frictions Markets Diversity and Social Applications Economic Activities II Interactions

Organizer/Chair Tim Kehoe Eric Young Walter Trockel Hamid Sabourian Jianjun Miao Jean-Jacques Herings Shlomo Weber Nicholas Yannelis Andreas Blume Chair Ata Atay Pengfei Wang Mariya Teteryatnikova Theodoros Diasakos Mark Le Quement

Conference Dinner - King's College WEDNESDAY, JULY 29, 2015 9:00-9:30 Registration Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Intertemporal Choice Competiton and Market Advances in Complementarity and Information and Foundational Issues in 9:30-11:30 Session and Equilibrium Fair Division Regulatory Economics Microstructure Macroeconomics Revealed Preference Market Design Game Theory Dynamics

Organizer/Chair Flavio Menezes Bart Taub Ping Wang Herve Moulin Tim Kehoe John Quah Marzena Rostek Giacomo Bonanno Chair Costas Azariadis Rohit Rahi

11:30-12:00 Coffee Break 12:00-1:00 David Cass Lecture - Partha Dasgupta (University of Cambridge), Chair: Hamid Sabourian Location: SC3/SC4 Stream: SC10/SC11 1:00-2:30 Lunch Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Epistemic Game Nonlinear Dynamics Risk and Risk Sharing Skill, Technology and Dynamic Political Allocation of Demand and Bounded Rationality 2:30-4:30 Session Theory: Theory and Social Choice in the Intertermporal in Decentralized Development I Economy Indivisible Goods Revealed Preference and Limited Attention Applications Equilibrium Models Markets

Hulya Eraslan & Organizer/Chair Amanda Friedenburg Anna Bogomolnaia Ping Wang Kazuo Nishimura Vincent Anesi Rakesh Vohra John Quah Marzena Rostek Willemien Kets Chair Antonio Cabrales

4:30-5:00 Coffee Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Epistemic Game Competitive Markets Skill, Technology and Topics in Financial Dynamic Evolutionary Game Matching and Market Dynamic and 5:00-7:00 Session Theory and with Adverse Development II Decision Making Programming Theory and Learning Design II Stochastic Games Experiments Selection

Takashi Kamihigashi & Juan Pablo Rincon- Organizer/Chair Marciano Siniscalchi Piero Gottardi Ping Wang Jan Wenzelburger Zapatero Hamid Sabourian M. Utku Unver Lukasz Wozny Chair B. Ravikumar Juan Pablo Rincon-Zapatero

Editorial Meeting - Trinity Hall THURSDAY, JULY 30, 2015 8:30-9:00 Registration Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Ambiguity, Dynamic & Repeated Finance and Political Game Theory and Topics in Game Innovation and 9:00-11:00 Session Corporations and Games: Theory and Dynamic Economies Matching Macro Policy I Economy Applications Theory Growth Pricing Experiments

Julio Davila & Silvia Organizer/Chair Jose Heleno Faro Igor Livshits Klaus Ritzberger Richard P. McLean Takako Fujiwara-Greve Takashi Kamihigashi Onur Kesten Galli Anne Villamil Chair Caterina Mendicino

11:00-11:30 Coffee Break 11:30-12:30 Lionel McKenzie Lecture - Philip Reny (University of Chicago), Chair: Konrad Podczeck Location: SC3/SC4 Stream: SC10/SC11 12:30-2:00 Lunch Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Decision Theory: Advances in Theoretical Financial Contracts Discontinuous Games Computational Optimal Taxation with Mechanism Design Economics of 2:00-4:00 Session Contests I Games and Markets Foundations and and Default I Economics Private Information and Information Information Experiments Economics

Leonidas Organizer/Chair Jack Stecher Igor Livshits Philip Reny Felix Kubler Tom Krebs Vasiliki Skreta Dan Kovenock João Correia-da-Silva Koutsougeras Chair

4:00-4:30 Coffee Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Discontinuous Games Quantitative Topics in Economic Dynamic Stochastic Cooperative Game 4:30-6:30 Session Network Economics Ambiguity in Games Contests II Education II Macroeconomics Theory Models Theory

Takashi Kamihigashi & Juan Pablo Rincon- Christopher Rauh & Organizer/Chair Alex Teytelboym Chris Shannon Philip Reny Selo Imrohoroglu Svetlana Boyarchenko Zapatero Dan Kovenock Michel Grabisch Constantine Yannelis Takashi Kamihigashi Constantine Yannelis FRIDAY, JULY 31, 2015 9:00-9:30 Registration Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

General Equilibrium Topics in Applications of New Methods in Topics in Dynamic Wealth Distribution: Markets with Many Topics on Economic 9:30-11:30 Session and Economic Microeconomic Optimal Transport to Social Networks Dynamic General Incentives Empirics Commodities Development Dynamics Theory II Economics Equilibrium

Organizer/Chair Hector Chade Mich Tvede Beth Allen Alberto Bisin Rakesh Vohra M.G. Graziano Agnieszka Rusinowska Kevin Reffett Tiago Cavalcanti Chair Juan Ortner Deniz Dizdar

11:30-12:00 Coffee Break 12:00-1:00 Aliprantis Prize Lecture - Gabriel Carroll (Stanford University), Chair: Beth Allen Location: SC3/SC4 Stream: SC10/SC11 1:00-2:30 Lunch Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13 Cooperation and Extending Choice Theory and Wealth Distribution: Fiscal Theory and the Fundamentals of Coordination in 2:30-4:30 Session Economic Dynamics Macro Policy II Learning Monopolistic Bounded Rationality I Theory I European Crisis Game Theory Laboratory Competition Models I Experiments

Rodolphe Dos Santos Marco Mariotti & Caterina Mendicino & Ferreira & Claude Organizer/Chair Paola Manzini Mich Tvede Anne Villamil Alberto Bisin John Nachbar Raphael Espinoza d'Aspremont Konrad Podczeck Gabriele Camera Chair Marco Mariotti Rajnish Mehra Rodolphe Dos Santos Ferreira

4:30-5:00 Coffee Break

Room SC2 SC3 SC4 SC5 SC8 SC9 SC10 SC11 SC12/SC13

Extending Choice Theory and Contests and Wealth Distribution: Topics in Auctions, Money: Theoretical 5:00-7:00 Session Financial Economics Networks Monopolistic Repeated Games Bounded Rationality II Applications Theory II Contests and Markets Foundations Competition Models II

Rodolphe Dos Santos Paola Manzini & Diego Moreno & John Ferreira & Claude Organizer/Chair Marco Mariotti Edward S. Prescott Brian A. Roberson Alberto Bisin Francis Bloch Wooders d'Aspremont Ross M. Starr Guilherme Carmona Chair Paola Manzini Rene van den Brink Claude d'Aspremont PARALLEL SESSION DETAILS

Presenting authors are listed first.

Monday, July 27, 2015 10:00 - 12:00

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Liquidity, Asset Prices, and Optimal Policy Room SC2 Organizer(s): Alexandros Vardoulakis, Chair: Skander Van den Heuv

David Rappoport (Federal Reserve Board, USA, [email protected]) A Dynamic Model of Leverage and Interest Rates Regis Breton (Banque de France, France, [email protected]) Jung-Hyun Ahn (NEOMA Business School, France) Market for Liquidity and Central Bank Policy Vincent Bignon (Banque de France, France) Antoine Martin (Federal Reserve Bank of New York, USA) David Arseneau (Federal Reserve Board, USA, [email protected]) Secondary Market Liquidity and the Optimal Capital David Rappoport (Federal Reserve Board, USA) Structure Alexandros Vardoulakis (Federal Reserve Board, USA) Skander Van den heuvel (Federal Reserve Board, USA, The Welfare Costs of Bank Liquidity and Capital [email protected]) Requirements

Dynamic Adverse Selection Room SC3 Organizer(s): Kyungmin (Teddy) Kim

Collapsing Confidence: Dynamic Trading with Ilwoo Hwang (University of Miami, USA, [email protected]) Developing Adverse Selection Francesco Palazzo (Central Bank of Italy, Italy, Is Time Enough to Alleviate Adverse Selection? [email protected]) Lucas Maestri (FGV/EPGE, Brazil, [email protected]) Bargaining over a Divisible Good in the Market for Dino Gerardi (Collegio Carlo Alberto, Italy) Lemons Kyungmin (Teddy) Kim (University of Iowa, USA, kyungmin- Selling a Lemon under Demand Uncertainty [email protected])

Mathematical Economics Room SC4 Organizer(s): Yeneng Sun

Roberto Raimondo (University of Melbourne, Australia, Pathwise Smooth Splittable Congestion Games [email protected]) Xiang Sun (Wuhan University, China, [email protected]) On the Equivalence of Randomized Strategy Haomiao Yu (Ryerson University) Equilibria in No-atomic Games Yishu Zeng (National University of Singapore, Singapore, [email protected]) Perfect Equilibria in Large Games Xiang Sun (Wuhan University, China) Yeneng Sun (National University of Singapore, Singapore, [email protected]) Darrell Duffie (Stanford University, USA) Continuous-Time Random Matching Lei Qiao (National University of Singapore, Singapore) Monday, July 27

Political Economy I Room SC5 Organizer(s): Francesco Squnitani & Amrita Dhillon

Siddhartha Bandyopadhyay (University of Birmingham, UK, [email protected]) Manufacturing Dissent: Political Consequences of Kalyan Chatterjee (Penn State University, USA) Profit-seeking Media Jaideep Roy (Murdoch University, Western Australia) Robert L. Powell (Berkeley, USA, [email protected]) Taking Sides in Wars of Attrition Antonio Nicolo (Manchester University, UK, [email protected]) Voting and Information Disclosure S. Barbera Willemien Kets (Northwestern University, USA, w- [email protected] ) A Belief-based Theory of Homophily Alvaro Sandroni (Northwestern University, USA)

Games and Economic Theory Room SC8 Organizer(s): Carlos Hervés-Beloso

Marta Faias (Universidade Nova de Lisboa, Portugal, [email protected]) Javier Hervés Estévez (Universidad de Vigo, Spain) Stability in Price Competition Revisited Emma Moreno García (Universidad de Salamanca, Spain) Nicholas Ziros (University of Cyprus, Cyprus, [email protected]) Multi-market Equilibria in Spatial Market Games Dimitrios Xefteris (University of Cyprus, Cyprus) Carmen Quinteiro Sandomingo (Universidad de Vigo, Spain, [email protected]) On the Faces of the Core of a Balanced Game Miguel Mirás Calvo (Universidad de Vigo, Spain) Estela Sánchez Rodríguez (Universidad de Vigo, Spain) Miguel Mirás Calvo (Universidad de Vigo, Spain, [email protected]) Carmen Quinteiro Sandomingo (Universidad de Vigo, Spain) The Core-center of a Bankruptcy Game Estela Sánchez Rodriguez (Universidad de Vigo, Spain)

Real Option Games Room SC9 Organizer(s): Frank Riedel

Attrition and Preemption in a Continuous-Time Jacco Thijssen (York University, UK, [email protected]) Investment Game with Stochastic Payoffs Subgame-Perfect Equilibria in Stochastic Timing Jan-Henrik Steg (Bielefeld University, Germany, [email protected]) Games Entry Deterrence by Timing rather than Nick Huberts (Tilburg University, Netherlands, [email protected]) Overinvestment in a Strategic Real Options Framework Tobias Hellmann (Bielefeld University, Germany, tobias.hellmann@uni- Ambiguity in a Real Options Game bielefeld.de)

Contests: Groups and Design Room SC10 Organizer(s): Luis Corchón and Carmen Beviá, Chair: Luis Corchón

Carmen Beviá (UAB, Spain, [email protected]) Dominant Strategy Implementation in Contests Luis Corchon (U. Carlos III, Spain) Christian Ewerhart (University of Zurich, Switzerland, An Envelope Approach to Tournament Design [email protected]) Iryna Topolyan (Department of Economics, University of Cincinnati, The Group All-pay Auction with Heterogeneous Cincinnati, OH 45221, USA, US, [email protected]) Impact Functions Subhasish M. Chowdhury (East Anglia, UK) Alex Vázquez (UAB, Spain, [email protected] ) Optimal Contest Design with Budget Constraints

Monday, July 27

International Trade and Trade Agreements Room SC11 Organizer(s): Eric Bond

Meredith Crowley (University of Cambridge, UK, Local Market Conditions, Import Prices and [email protected]) Exchange Rate Pass Through: Evidence from Lu Han (University of Cambridge, UK) Chinese Exports to the European Union Huasheng Song (Zhejiang University in Hangzhou, China) Benjamin Zissimos (University of Exeter , United Kingdom, Too Small To Protect? The Role of Firm Size in [email protected]) Trade Agreements Matthew Cole (University of Oregon) Supermodularity, Comparative Advantage, and Yan Ma (Kobe University, Japan, [email protected]) Global Supply Chains Eric Bond (Vanderbilt University, United States, [email protected]) Compulsory Licensing and Patent Protection: A Kamal Saggi (Vanderbilt University, United States) North-South Perspective

Evolution and Learning I: Games Room SC12 / SC13 Organizer(s): Carlos Alos-Ferrer

Simon Weidenholzer (University of Essex, UK, [email protected]) Constrained Mobility and the Evolution of Efficiency Johannes Buckenmaier (University of Cologne, Germany, Cournot vs. Walras: A Reappraisal through [email protected]) Simulations Carlos Alos-Ferrer (University of Cologne) Cournot Competition, Imitation, and Information Fei Shi (Shanghai Jiao Tong University, China, [email protected]) Networks Carlos Alos-Ferrer (University of Cologne, Germany, carlos.alos-ferrer@uni- On the Convergence of Logit-Response to (strict) koeln.de) Nash Equilibria Nick Netzer (University of Zurich, Switzerland)

Monday, July 27, 2015 2:30 - 4:30

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Bargaining Theory and Applications Room SC2 Organizer(s): Cheng-Zhong Qin

Fei Li (University of North Carolina-Chapel Hill, USA, [email protected]) Transparency of Outside Options in Bargaining Jin Yeub Kim (University of Nebraska-Lincoln, U.S.A., The Noncooperative Foundations of the Neutral [email protected]) Bargaining Solution Complete Characterization and Implementation of Cheng-Zhong Qin (University of California-Santa Barbara, U.S.A., Nash Bargaining Solutions with Non-Convex [email protected]) Problems Chuang Qu (Shandong University, China, [email protected]) Monopoly Power and Profit

Monday, July 27

Topics in Microeconomic Theory I Room SC3 Organizer(s): Siyang Xiong

Siyang Xiong (University of Bristol, UK, [email protected]) The Incentive Compatibility Critique Yi-Chun Chen (National University of Singapore, Singapore) Georgios Gerasimou (University of St Andrews, UK, georgios.gerasimou AT Dominance Solvable Games with Multiple Payoff st-andrews.ac.uk) Criteria Xiaojian Zhao (Hong Kong University of Science and Technology, China, [email protected]) Sunk Cost as a Self-Disciplining Device Fuhai Hong (Nanyang Technological University) Jiangtao Li (National University of Singapore, Singapore, [email protected]) Deterministic Implementation of Bayesian Incentive Yi-Chun Chen (National University of Singapore, Singapore) Compatible Mechanisms Wei He (University of Iowa, USA) Yeneng Sun (National University of Singapore, Singapore)

Financial Networks and Systemic Risk I Room SC4 Organizer(s): Frank Page

Sofia Priazhkina (Indiana University, USA, [email protected]) Definition of Systemic Risk in Financial Networks Selman Erol (University of Pennsylvania, USA, [email protected]) Network Formation and Systemic Risk Peter Zimmerman (University of Oxford, USA, Does Central Clearing Reduce Counterparty Risk in [email protected]) Realistic Financial Networks Rodney Garratt (Federal Reserve Bank of New York, USA) Jean-Pierre Zigrand (LSE - Systemic Risk Centre, UK, [email protected]) Arbitrage Networks

Political Economy II Room SC5 Organizer(s): Francesco Squnitani & Amrita Dhillon

Enriqueta Aragones (IAE, Spain, [email protected]) Voters' Private Valuation of Candidates' Quality Dimitrios Xefteris (University of Cyprus, Cyprus) Francesco Squintani (University of Warwick, UK, Networks of Experts [email protected]) Amrita Dhillon (King's College London, UK, [email protected]) P.Krishnan The Natural Resource Curse Revisited: Theory and M.Patnam Evidence from India C.Perroni Matias Iaryczower (Princeton, USA, [email protected]) Optimally Toothless Policies Nemanja Antic (Princeton University, USA)

General Equilibrium Room SC8 Organizer(s): Carlos Hervés-Beloso

Walrasian and Value Allocations under Ambiguity in Angelos Angelopoulos (University of Manchester, UK, Coalitional Dependent Large Economies with [email protected]) Differential Information Sebastian Cea Echenique (PSE - University Paris 1, France, [email protected]) Credit Segmentation in General Equilibrium Juan Pablo Torres-Martínez (University of Chile, Chile) Geghard Bedrosian (Bielefeld University, Germany, [email protected] Microeconomic Foundation of Representative Agent bielefeld.de) Models by Means of Ultraproducts Frederik S. Herzberg (Bielefeld University, Germany) Endogenous Control of Externalities in Economies Carlos Hervés Beloso (University of Vigo, Spain, [email protected]) with Tradable Rights

Monday, July 27

Information Acquisition and Production Room SC9 Organizer(s): Maher Said, Chair: Raphael Boleslavsky

Romans Pancs (Unaffiliated, USA, [email protected]) Dynamic Project Selection Arina Nikandrova (Birkbeck, UK) Ina Taneva (University of Edinburgh, UK, [email protected]) Information Design Is Ignorance Bliss? Rational Inattention and Anne-Katrin Roesler (University of Bonn, Germany, [email protected]) Optimal Pricing Raphael Boleslavsky (University of Miami, USA, [email protected]) Limited Capacity in Project Selection: Competition Christopher Cotton (Queen's University, Canada) Through Evidence Production

Contests: Theory and Applications Room SC10 Organizer(s): Luis Corchón and Carmen Beviá, Chair: Carmen Beviá

Luis Corchón (U Carlos III, Spain , [email protected]) Properties of Contests (if any) Marco Serena (Universidad Carlos III de Madrid, Spain) Jingfeng Lu (Department of Economics, National University of Singapore, Singapore 117570, Singapore, [email protected]) Effort-Maximizing Contingent Prize Allocation Rule

Xin Feng (Department of Economics, National University of Singapore, in Three-Battle Contests Singapore 117570) Alan Gelder (Chapman University, USA, [email protected]) Dan Kovenock (Chapman University, USA) All-Pay Auctions with Ties: Theory and Experiments Brian Roberson (Purdue University, USA) Roman Sheremeta (Case Western Reserve University, USA) Size of the Welfare State, Religiosity and Church Federico Masera (U Carlos III, Spain, [email protected] ) Participation

International Trade and Factor Movements I Room SC11 Organizer(s): Giovanni Facchini and Giammario Impullitti, Chair: Giammario Impullitti

Holger Breinlich (University of Essex, UK, [email protected]) Merger Policy in a Quantitative Model of Volker Nocke (University of Mannheim, Germany) International Trade Nicolas Schutz (University of Mannheim, Germany) Rahul Mukherjiee (IHEID Geneva, Switzerland, [email protected]) Liquidity Driven FDI Ron Alquist (King's Peak Asset Management) Linda L. Tesar (University of Michigan, USA) James Lake (Southern Methodist University, USA, [email protected]) Could Tariffs be Pro-cyclical? Maia Linask (University of Richmond, USA) Richard Chisik (Ryerson University, Canada, [email protected]) International Trade and Labor Market Julian Emami Namini (Erasmus University Rotterdam, The Netherlands) Discrimination

Evolution and Learning II: Applications Room SC12 / SC13 Organizer(s): Carlos Alos-Ferrer

Presenter Title Jonathan Newton (University of Sydney, Australia, Protest, Financial Panic and Shared Intentions [email protected]) Communication before Coordination with Christoph Kuzmics (University of Bielefeld, Germany, Independent Private Values: How Pedestrians Avoid [email protected]) Bumping into Each Other Federica Farolfi (University of Cologne, Germany, Leadership in an Uncertain World. Assessing [email protected]) Complexity and Information within Organizations Fabrizio Germano (Universitat Pompeu i Fabra, Spain, On the Macroscopic Origins and Consequences of [email protected]) Economic Inequality: An Evolutionary Perspective Lloyd A. Demetrius (Harvard university, USA)

Monday, July 27

Monday, July 27, 2015 5:00 – 7:00

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Information Aggregation in Markets Room SC2 Organizer(s): Xavier Vives

Supply Function Competition, Market Power and the Anna Bayona (ESADE Business School, Spain, [email protected]) Neglect of the Information Content of Prices: A Laboratory Study Stephen Morris (Princeton University, USA, [email protected]) Information and Market Power Alessandro Pavan (Northwestern University, USA, Attention, Coordination, and Bounded Recall [email protected]) Endogenous Public Information and Welfare in Xavier Vives (IESE Business School, Spain, [email protected]) Market Games

General Equilibrium and Financial Frictions Room SC3 Organizer(s): Aloisio Araujo

Jean-Pierre Drugeon (Paris School of Economics and Centre National de la Recherche Scientifique, France, [email protected]) Aggregators, Recursive Payoffs and Dynamic Philippe Bich (Paris School of Economics and Université de Paris 1 Panthéon- Programming Sorbonne, France) Lisa Morhaim (Université de Paris 2 Panthéon-Assas, France) Juan Pablo Gama (IMPA, Brazil, [email protected]) Aloisio Araujo (IMPA and FGV, Brazil) General Equilibrium, Risk Loving, Ambiguity and Alain Chateauneuf (Universite de Paris 1, France) Volatility Rodrigo Novinski (Ibmec faculdades, Brazil) Mauricio Villalba (IMPA, Brazil, [email protected]) Bankruptcy Might Lead to Pareto Improvement in a Aloisio Araujo (IMPA and FGV, Brazil) Non Convex Economy

Financial Networks and Systemic Risk II Room SC4 Organizer(s): Frank Page

Jieshuang He (Indiana University, USA, [email protected]) Endogenous Bank Networks and Systemic Risk Credit Risk Spillovers, Systemic Importance and Inna Grinis (LSE, UK, [email protected]) Vulnerability in Financial Networks Dilyara Salakhova (Banque de France, France, Payment Delays and Contagion [email protected]) Co-Pierre Georg (University of Cape Town, South Africa, The Extreme Fragility of Financial Intermediation [email protected])

Political Economy III Room SC5 Organizer(s): Francesco Squnitani & Amrita Dhillon

Alberto Bisin (New York University, USA, [email protected]) On the Joint Dynamics of Culture and Institutions Thierry Verdier (Paris School of Economics, France) John Londregan (Princeton, USA, [email protected]) Free Association and Dictatorial Rule Odilon Camara (USC, USA, [email protected]) Political Disagreement and Information in Ricardo Alonso Elections Giulio Seccia (University of Southhampton, UK, [email protected]) Anurag Banerjee The Endgame Sarit Markovic

Monday, July 27

Topics in Industrial Organization and Finance Room SC8 Organizer(s): Marta Faias

Filomena Garcia (Indiana University and UECE/ISEG, USA, [email protected]) Optimal Contracting for Innovation Andrea Vezzulli (ISEG and UECE, Portugal) A Theory of Subprime Mortgage Lending with Jaime Luque (University of Wisconsin-Madison, USA, [email protected]) Applications to the Rise and Fall of the Subprime Timothy Riddiough (University of Wisconsin-Madison, USA) Mortgage Market Information Asymmetry in Profit-generating Philip J. Erickson (University of Iowa, USA, [email protected]) Graduate Education Markets: A Structural Approach to Law Schools Margarida Catalão-Lopes ( CEG-IST, Instituto Superior Técnico, Endogenous Post-merger Internal Organization and Universidade de Lisboa, Portugal, [email protected]) Consumer Welfare Duarte Brito (Universidade Nova de Lisboa and CEFAGE-UE, Portugal)

Matching and Market Design I Room SC9 Organizer(s): Fuhito Kojima

Fuhito Kojima (Stanford University, USA, [email protected]) Stability Concepts in Matching under Distributional Yuichiro Kamada (Berkeley Haas, USA) Constraints Maciej Kotowski (John F. Kennedy School of Government, Harvard University, USA, [email protected]) Multi-period Matching Sangram V. Kadam (Harvard University, USA) Zhiwei Chong (China Economcis and Management Academy, Central Decentralized Two-Sided Matching Markets: Game- University of Finance and Economics, China, [email protected]) Theoretic Analyses and Design Daisuke Hirata (Hitotsubashi University, Japan, [email protected]) Stable and Strategy-Proof Rules in Matching Yusuke Kasuya (Yokohama National University, Japan) Markets with Contracts

Applied General Equilibrium Theory Room SC10 Organizer(s): Yves Balasko

Vinicius Carrasco (PUC-Rio de Janeiro, Brazil, [email protected]) Robust Monopoly Pricing The Market Game with Production and Arbitrary Steve Spear (Carnegie-Mellon University, USA, [email protected]) Returns to Scale: Coordination and Price Stickiness Octavio Tourinho (UERJ, Brazil, [email protected]) The Law of Proportionality of Factor Contents, yves balasko (University of York, UK, UK) Reality or Artifact of CGE Modeling? Beyond Laissez-faire: The Case of Heterogenous Mich Tvede (University of Newcastle, UK, [email protected]) Priors

International Trade and Factor Movements II Room SC11 Organizer(s): Giovanni Facchini and Giammario Impullitti, Chair: Giammario Impullitti

Is Skill Dispersion a Source of Productivity and John Morrow (University of Essex, UK, [email protected]) Exporting in Developing Countries? Luca David Opromolla (Banco de Portugal, Portugal, [email protected]) Managers Mobility and Knowledge Transfer Giordano Mion (University of Surrey, UK) Alessandro Sforza (LSE, United Kingdom) Gabriel Felbermayr (University of Munich and Ifo, Germany, [email protected]) Going Deep: The Trade and Welfare Effects of TTIP R. Aichele (University of Munich and Ifo, Germany) I. Heiland (University of Munich and Ifo, Germany) Julien Prat (CREST, France, [email protected]) Firm Dynamics and Residual Inequality in Open Giammario Impullitti (University of Nottingham, UK) Economy Gabriel Felbermayr (University of Munich and Ifo, Germany)

Monday, July 27

Finance and Decision Room SC12 / SC13 Organizer(s): Alain Chateauneuf and Bernard Cornet, Chair: Bernard Cornet

Illia Pasichnichenko (Kiev Polytechnic Institute, Ukraine, [email protected]) Expected Utility for Nonstochastic Risk Victor I. Ivaneko (Kiev Polytechnic Institute, Ukraine) Yann REBILLE (Institute of Economics and Management of Nantes-IAE, A de Finetti's Dutch Book Argument for Non- University of Nantes, FRANCE, [email protected]) additive Set Functions Thierry CHAUVEAU (Université Paris 1 Panthéon-Sorbonne, FRANCE, Stochastic Dominance, Risk and Disappointment: a [email protected]) Synthesis. Alain CHATEAUNEUF (PSE Université Paris 1 and IPAG business School, FRANCE, [email protected]) Submodular Pricing in Finance and Insurance Bernard CORNET (PSE Université de Paris1 and Kansas University, FRANCE)

Monday, July 27, 2015 7:00

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The Theory of Value: A Memorial Session for Monique Florenzano Room SC3 Organizer(s): M. Ali Khan

On Convergence of Bargaining Sets for Exchange Emma Moreno-Garcia (Universidad de Salamanca, Spain, [email protected]) Economies Kali P. Rath (University of Notre Dame, USA, [email protected]) M. Ali Khan (Johns Hopkins University, USA) General Equilibrium Theory on a Finitely-Additive Lei Qiao (National University of Singapore, Singapore) Measure Space of Agents: A Viable Option? Yeneng Sun (National University of Singapore, Singapore) Necessary and Sufficient Conditions for a Solution Cuong Le Van (University of Paris I, France, [email protected]) to the Bellman Equation to be the Value Function: a Takashi Kamihigashi (Kobe University, Japan) General Principle Nizar Allouch (Queen Mary, University of London, UK, [email protected]) Policy Reform in Networks Maia King (Queen Mary, University of London, UK)

Tuesday, July 28, 2015 9:30 – 11:30 *********************************************************************************

International Trade Room SC2 Organizer(s): Costas Arkolakis, Chair: Peter Neary

Input Mix and Product Adoption: Evidence from Swati Dhingra (London School of Economics, UK, [email protected]) India Mathieu Parenti (Université Catholique de Louvain, Belgium, David vs. Goliath [email protected]) Giammario Impullitti (University of Nottingham, UK, [email protected]) Globalization and State Capitalism: Assessing Leonardo Baccini (London School of Economics, UK) Vietnam Accession to WTO Edmund J. Malesky (Duke University, USA) Peter Neary (University of Oxford, UK, [email protected]) Technology, Demand, and the Size Distribution of Monika Mrázová (Surrey and Geneva, UK) Firms Mathieu Parenti (CORE, Université Catholique de Louvain, Belgium) Tuesday, July 28

Topics in Industrial Organization and Economic Theory Room SC3 Organizer(s): Emma Moreno-García

Joana Resende (Cef.Up, University of Porto, Portugal, [email protected]) Geo-fence versus Geo-conquest: Price Rosa Branca Esteves (NIPE, University of Minho, Portugal) Discrimination through Target Advertising Joana Pinho (Cef.Up, University of Porto, Portugal, [email protected]) How do asymmetries in firms productivity affect the António Brandão (Cef.Up, University of Porto) labor market? Joaquin Gómez-Miñambres (Bucknell University, USA, Employment and Unemployment Benefits as Gifts: A [email protected]) Road to Voluntary Exploitation in Labor The One Child Policy and Promotion of Mayors in Juan Carlos Suárez Serrato (Duke University, USA, [email protected]) China

Microstructure Theory Room SC4 Organizer(s): Alex Boulatov

Sergei Severinov (University of British Columbia (UBC), Canada, Optimal Mechanism with Budget Constrained [email protected]) Bidders Dmitry Livdan (UC Berkeley, USA, [email protected]) Optimal Double Auction A Dynamic Mechanism Approach to Asset Equilibria Bart Taub (Glasgow University, UK, [email protected]) with a Martingale Property Competition among Portfolio Managers and Asset Dmitry Makarov (NES, Moscow, Russia, [email protected]) Specialization

Public Economics and Networks Room SC8 Organizer(s): Nizar Allouch

Nicole Tabasso (Surrey University, UK, [email protected]) Diffusion of Multiple Information Electoral Competition and Social Influence Samson Alva (University of Texas, USA, [email protected]) Networks Luca Paolo Merlino (Université libre de Bruxelles, Belguim, [email protected]) Public Goods in Endogenous Networks Markus Kinateder (Universidad de Navarra, Spain) David Minarsch (Cambridge University, UK, [email protected]) Knowledge and Pricing in Intermediated Markets C. Matthew Leister (University of California-Berkeley, USA)

Political Economy IV Room SC9 Organizer(s): Francesco Squnitani & Amrita Dhillon

Pablo Montagnes (University of Chicago, USA, [email protected]) The Lobbyist's Dilemma: Gatekeeping and the Alexander V. Hirsch (California Institute of Technology, USA) Profit Motive Jacopo Perego (NYU, USA, [email protected]) Media Competition and the Source of Sevgi Yuksel (New York University, USA) Disagreement Ideology as Opinion: Polarization in a Spatial Joseph McMurray (Bingham Young University, USA, [email protected]) Model of Common-value Elections

Tuesday, July 28

Topics in Game Theory I Room SC10 Organizer(s): Xiao Luo

Takashi Kunimoto (Hitotsubashi University, Japan, [email protected]) Implementation with Transfers Yi-Chun Chen (National University of Singapore, Singapore) Yifei Sun (National University of Singapore, Singapore) Yi-Chun Chen (National University of Singapore, Singapore, [email protected]) Robust Dynamic Implementation Takashi Kunimoto (Hitotsubashi University, Japan) Yifei Sun (National University of Singapore, Singapore) Shravan Luckraz (University of Nottingham, Ningbo, China, Pursuit-evasion Games on a Graph - On a Class of [email protected]) Evasion Strategies Gafurjan Ibragimov (UPM, Malaysia) Xiao Luo (National University of Singapore, Singapore, [email protected]) Toward a Unified Theory of "Perfectly" Rational Ben Wang (National University of Singapore, Singapore) Strategic Behavior: MACA

Economic Theory I Room SC11 Organizer(s): Nicholas Yannelis, Chair: Larry Selden

Tilman Borgers (University of Michigan, USA, [email protected]) Revealed Relative Utilitarianism Yan-Min Choo (University of Michigan, USA) Andrei Barbos (University of South Florida, USA, [email protected]) Optimal Contracts with Random Auditing A Notion of Statistical Equilibrium for Games with Peter Hammond (University of Warwick, UK, [email protected]) Many Players Larry Selden (Columbia University, USA, [email protected]) Changing Tastes

Auctions and Experiments Room SC12 / SC13 Organizer(s): Todd R. Kaplan

Todd Kaplan (University of Exeter/University of Haifa, UK, [email protected]) Auctions and Leaks: A Theoretical and Experimental Sven Fischer (Max Planck Institute of Economics, Germany) Investigation Werner Guth (Max Planck Institute of Economics, Germany) Roi Zultan (Ben-Gurion University, Israel) Ella Segev (Ben-Gurion University, Israel, [email protected]) Sequential Bidding in Asymmetric First Price Gal Cohensius (Ben-Gurion University, Israel) Auctions Xiaogang Che (Durham University, UK, [email protected]) Auctions versus Sequential Mechanism When Resale Tilman Klumpp (University of Alberta, Canada) is Allowed Theodore Turocy (University of East Anglia, UK, [email protected]) All-Pay Auctions with Private Signals, Including the Lucas Rentschler (Universidad Francisco Marroquin, Guatemala) Highly Competitive Case

Tuesday, July 28, 2015 2:30 – 4:30 *********************************************************************************

Open Economy Macroeconomics Room SC2 Organizer(s): Timothy J. Kehoe

Gonzalo Fernández de Córdoba Martos (Universidad de Málaga, Spain, [email protected]) Public Debt Frontiers: The Greek Case José Luis Torres (Universidad de Málaga, Spain) Laura Sunder-Plassmann (University of Copenhagen, Denmark, Incomplete Sovereign Debt Relief [email protected]) Andrea Waddle (University of Richmond, USA, [email protected]) Globalization and Jobless Recoveries Timothy Uy (University of Cambridge, UK, [email protected]) Bond Auctions and Sovereign Default Tuesday, July 28

Social Choice and Cooperative Game Theory Room SC3 Organizer(s): Youngsub Chun

Shiran Rachmilevitch (University of Haifa, Israel, Parametrized Bargaining Solutions [email protected]) Joosung Lee (University of Edinburgh, UK, [email protected]) Bargaining and Buyout Gerard van den Laan (VU University Amsterdam, The Netherlands, [email protected]) Comparable Characterizations of Four Solutions for Rene van den Brink (VU University Amsterdam, The Netherlands) Permission Tree Games Chris Dietz (VU University Amsterdam, The Netherlands) Genjiu Xu (VU University Amsterdam, The Netherlands) Youngsub Chun (Seoul National University, South Korea, [email protected]) Welfare Lower Bounds and Strategyproofness in the Duygu Yengin (University of Adelaide, Australia) Queueing Problem

Topics in Applied Theory Room SC4 Organizer(s): Rabah Amir

Yu-Fai (Michael) Choi (University of Iowa, USA, [email protected]) The Economics of Web Search Adriana Gama-Velazquez (El Colegio de México, Mexico, Oligopoly with Incompatible Networks [email protected]) Charlene Cosandier (Mines Paris Tech, France, Intermediaries vs Trolls in Contests for Patents [email protected]) Rabah Amir (University of Iowa, USA, [email protected]) Nash Equilibrium in Games with Quasi-Monotonic Luciano De Castro (University of Iowa, USA) Best-Responses

Topics in Financial Stability Room SC5 Organizer(s): M. Udara Peiris, Chair: Dimitrios P. Tsomocos

Juan Francisco Martínez (Central Bank of Chile , Chile, [email protected]) Macro Financial Model: A Proposal for Chile Sebastin Becerra (Central Bank of Chile, Chile) Luis Cabezas (Central Bank of Chile, Chile) Daniele Siena (Banque de France, France, [email protected]) Exchange Rate Regimes, Financial Imperfections Tommaso Monacelli (Bocconi University, Italy) and Productivity Luca Sala (Bocconi University, Italy) Jacqueline Dai (HSBC Business School, Peking University, China, [email protected]) Kwangwon Ahn (HSBC Business School, Peking University, China) Systemic Risk and Financial Fragility in China Chansoo Kim (Korean Institute of Science and Technology,, South Korea) Dimitrios P. Tsomocos (University of Oxford, UK) M. Udara Peiris (NRU Higher School of Economics, Russian Federation, [email protected]) Capital Adjustment Costs Through Corporate Charles Goodhart (LSE, UK) Default Dimitrios P. Tsomocos (University of Oxford, UK)

Bubbles, Multiple Equilibria, and Economic Activities I Room SC8 Organizer(s): Jianjun Miao, Chair: Pengfei Wang

Yi Wen (Federal Reserve Bank of St. Louis & Tsinghua University., USA, [email protected]) Credit Search and Credit Cycles Feng Dong Pengfei Wang Todd Keister (Rutgers University, USA, [email protected]) Optimal Banking Contracts and Financial Fragility Huberto Ennis Leo Kaas (University of Konstanz, Germany, [email protected]) Public Debt and Total Factor Productivity Pengfei Wang (Hong Kong University of Science and Technology, Hong Kong, [email protected]) Stock Market Bubbles and Unemployment Jianjun Miao (Boston College, USA) Tuesday, July 28

Political Economy V Room SC9 Organizer(s): Francesco Squnitani & Amrita Dhillon

Collective Choice in Dynamic Public Good Renee Bowen (Stanford University, USA, [email protected]) Provision: Real versus Formal Authority Konstantinos Matakos (LSE & King's College London, UK, Divide and Rule: Redistribution in a Model with [email protected]) Differentiated Candidates Dimitrios Xefteris (University of Cyprus, Cyprus) Galina Zudenkova (Mannheim University, Germany, Content and Collective Action Censorship in [email protected]) Authoritarian Regimes Maria Petrova (University Pompeu Fabra, Spain)

Topics in Game Theory II Room SC10 Organizer(s): Xiao Luo, Chair: Ming Li

Endogenous Coalition of Intellectual Properties: A Chen Qu (BI Norwegian Business School, Norway, [email protected]) Three-Patent Story Bin Liu (National University of Singapore, Singapore, [email protected]) Optimal Two-Stage Procurement with Private R&D Jingfeng Lu (National University of Singapore) Efficiency Xin Feng (National University of Singapore, Singapore, [email protected]) Revenue-Maximizing Auction with Bi-Dimensional Jingfeng Lu (National University of Singapore, Singapore) Private Information on Value and Entry Cost Yeneng Sun (National University of Singapore, Singapore) Ming Li (Concordia University, Canada, [email protected]) Strategic Communication and Group Formation Sourav Bhattacharya (SourUniversity of Pittsburgh, USA)

Economic Theory II Room SC11 Organizer(s): Zhiwei (Vina) Liu & Nicholas Yannelis, Chair: Peter Hammond

Zhiwei (Vina) Liu (International School of Economics and Management, China, [email protected]) Implementation Under Ambiguity Luciano De Castro (University of Iowa, USA) Nicholas C. Yannelis (University of Iowa, USA) Aloisio Araujo (IMPA, Brazil, [email protected]) Refining Dynamic Equilibria Huiyi (Kathy) Guo (University of Iowa, USA, [email protected]) Full Ambiguous and Robust Implementation Nicholas Yannelis (University of Iowa, USA) Anuj Bhowmik (Indian Statistical Institute, India, Edgeworth's Conjecture under Asymmetric [email protected]) Information

Experimental Economics Room SC12 / SC13 Organizer(s): Todd R. Kaplan

Michalis Drouvelis (University of Birmingham, UK, [email protected]) Social Identity and Punishment in a Minimum Effort Vessela Daskalova (University of Cambridge, UK) Game Nicolaas J. Vriend (Queen Mary University of London, UK) Surajeet Chakravarty (University of Exeter, UK, [email protected]) Religious Fragmentation, Social Identity and Miguel Fonseca (University of Exeter, UK) Cooperation: Evidence from an Artefactual Field Sudeep Ghosh (Hong Kong Polytechnic University, Hong Kong) Experiment in India Sugata Marjit (Center for Studies in the Social Sciences, India) Lawrence Choo (University of Erlangen-Nuremberg, Germany, Market Selection and Aggregated Outcomes: An [email protected]) Experiment based on the Hat Puzzle Game Jana Vyrastekova (Nijmegen University, The Netherlands, [email protected]) Give and Take in Public Goods Games Daan van Soest (Tilburg University, The Netherlands) Jan Stoop (Erasmus University Rotterdam, The Netherlands)

Tuesday, July 28

Tuesday, July 28, 2015 5:00 – 7:00 *********************************************************************************

International Trade Theory and its Applications Room SC2 Organizer(s): Timothy J. Kehoe

Spend, Baby, Spend: Windfalls, Specialization and Radoslaw Stefanski (University of St Andrews, UK, [email protected]) Misallocation Pau S. Pujolàs (McMaster University, Canada, [email protected]) Solving Monopolistic Competition Trade Models Timothy J. Kehoe (University of Minnesota, USA) with Multiple Dimensions of Heterogeneity Kim J. Ruhl (New York University Stern School of Business, USA) Teodora Borota Milicevic (Uppsala University, Sweden, [email protected]) Import Competition and Technological Changes: Rita Ginja (Uppsala University, Sweden) Mobility of Workers and Firms Selva Baziki (Uppsala University, Sweden) Illenin Kondo (Federal Reserve Board, USA, [email protected]) Optimal Taxation and Trade Reforms

Credit Market Frictions Room SC3 Organizer(s): Eric Young

Eric Young (University of Virginia, USA, [email protected]) Kartik Athreya (Federal Reserve Bank of Richmond, USA) Bankruptcy and Delinquency in a Model of Juan Sanchez (Federal Reserve Bank of St. Louis, USA) Unsecured Debt Xuan Tam (City University of Hong Kong, Hong Kong) Lukasz Drozd (Federal Reserve Bank of Philadelphia, USA, Financial Contracting with Enforcement [email protected]) Externalities Ricardo Serrano-Padial (University of Wisconsin, USA) Mark Huggett (Georgetown University, USA, [email protected]) Taxing Top Earners: A Human Capital Perspective Alejandro Badel (Federal Reserve Bank of St. Louis, USA)

Implementation via Markets Room SC4 Organizer(s): Walter Trockel, Chair: Ata Atay

Patrick Beißner (IMW, Bielefeld University, Germany, patrick.beissner@uni- Non-Implementability of Arrow Debreu Equilibria bielefeld.de) by Continuous Trading and Volatility Uncertainty Guangsug Hahn (POSTECH, Korea, [email protected]) Market-based CEO Compensation under Ambiguity Joon Yeop Kwon (POSTECH, Korea) Theodoros M. Diasakos (University of St Andrews, UK, td31@st- Optimal Mechanism under Adverse Selection: The andrews.ac.uk) Canonical Insurance Problem Kostas Koufopoulos (University of Pireaus, Greece) Ata Atay (Universitat de Barcelona, Spain, [email protected]) Generalized Three-sided Assignment Markets: Francesc Llerena (U. Rovira i Virgili-CREIP, Spain) Consistency and the Core Marina Nunez (Universitat de Barcelona, Spain)

Dynamic Games Room SC5 Organizer(s): Hamid Sabourian

Mikhail Safronov (Northwestern University, USA, [email protected]) Explicit Renegotiation in Repeated Games Bruno Strulovici (Northwestern University, USA) Rohit Lamba (University of Cambridge, UK, [email protected]) Dynamic Contracting Matthew Elliot (Caltech, USA, [email protected]) Decentralized Bargaining

Tuesday, July 28

Bubbles, Multiple Equilibria, and Economic Activities II Room SC8 Organizer(s): Jianjun Miao, Chair: Pengfei Wang

Tomhiro Hirano (University of Tokyo, Japan, [email protected]) Asset Bubbles, Inequality, and Trickle-Down Effects Noriyuki Yanagawa (University of Tokyo, Japan) Bo Zhao (China Center for Economic Research, China, Rational Housing Bubbles [email protected]) Hubert Kempf (Paris School of Economics, France, hubert.kempf@ens- Deposit Insurance and Bank Liquidation without cachan.fr) Commitment: Can we Sleep Well? Russell Cooper (Penn State University, USA) Christophe Chamley (Boston University, USA, [email protected]) Does the Option for Delay Facilitate Coordination? Lucia Esposito (Central Bank of Italy, Italy)

Network Formation Room SC9 Organizer(s): P. Jean-Jacques Herings

Sanjeev Goyal (University of Cambridge, UK, [email protected]) Diego Cerdeiro (University of Cambridge, UK) Individual Security and Network Design Marcin Dziubinski (Warsaw University, Poland) Ana Mauleon (Université de Saint-Louis-Bruxelles, Belgium, [email protected]) Stability of Networks under Level-K Farsightedness P. Jean-Jacques Herings (Maastricht University) Vincent Vannetelbosch (University of Louvain, Belgium) Frank Page (Systemic Risk Centre, LSE, London, UK, Bilateral Incentive Compatibility and Delegated [email protected]) Networking Jieshuang He (Indiana University, Bloomington, USA) Rajiv Vohra (Brown University, USA, [email protected]) Rational Expectations and Farsighted Stability Bhaskar Dutta (University of Warwick, UK)

Economics of Diversity and Social Interactions Room SC10 Organizer(s): Shlomo Weber, Chair: Mariya Teteryatnikova

Mariya Teteryatnikova (University of Vienna, Austria, [email protected]) Productivity, Networks and Input-Output Structure Harald Fadinger (University of Mannheim, Germany) Christian Ghiglino (University of Essex, UK) Seungwon (Eugene) Jeong (Stanford University, USA, Multidimensional Second-price and English [email protected]) Auctions Constantine Sorokin (Higher School of Economics and New Economic A Multidimensional Theory of Spatial General School, Russia, [email protected]) Equilibrium: Tibout Revisited Global Games Selection in Games with Strategic Eric Hoffmann (University of Kansas, USA, [email protected]) Substitutes or Complements

Economic Theory III Room SC11 Organizer(s): Nicholas Yannelis, Chair: Theodoros Diasakos

Edward C. Prescott (Arizona State University & Australian National Monetary Policy with 100% Fractional Reserve University, USA & Australia, [email protected]) Banking: An Exploration Alexandru Nichifor (University of St Andrews & Stanford University, Scotland & USA, an31{at}st-andrews{dot}ac{dot}uk) John W. Hatfield (University of Texas at Austin, USA) Chain Stability in Trading Networks Scott D. Kominers (Harvard University, USA) Michael Ostrovsky (Stanford University, USA) Alexander Westkamp (Maastricht University, The Netherlands) Idione Meneghel (Australian National University, Australia, Statistical Reasoning in Predicting the [email protected]) Unpredictable Rabee Tourky (Australian National University, Australia) Juan Block (University of Cambridge, UK, [email protected]) Timing and Codes of Conduct Tuesday, July 28

Communication Room SC12 / SC13 Organizer(s): Andreas Blume, Chair: Mark Thordal-Le Quement

In-Uck Park (University of Bristol, UK, [email protected]) Quid pro Quo: Friendly Information Exchange Andreas Blume (University of Arizona, USA) between Rivals Sidartha Gordon (Sciences Po, France, [email protected]) Overcautious or Trigger-Happy Advisors -- When Nicolas Klein (University of Montreal, Canada) Best to Stop Toru Suzuki (University of Technology, Sidney, Australia, Efficient Conversational Rule [email protected]) Mark Thordal-Le Quement (University of Bonn, Germany, mlequem@uni- bonn.de) Endogenous Ambiguity in Cheap Talk Christian Kellner (University of Bonn, Germany)

Wednesday, July 29, 2015 9:30 – 11:30 *********************************************************************************

Competition and Regulatory Economics Room SC2 Organizer(s): Flavio Menezes

Flavio Menezes (The University of Queensland, Australia, Delegation and the Choice of Strategic Variable in [email protected]) Oligopoly Games Search Platforms: Showrooming and Price Chengsi Wang (University of Mannheim, Germany, [email protected]) Coherence Simona Fabrizi (Massey University, New Zealand, [email protected]) Steffen Lippert (University of Auckland, New Zealand) Attack and Defense José A. Rodrigues-Neto (ANU Research School of Economics, Australia) Steffen Lippert (University of Auckland, New Zealand, [email protected]) Horizontal Mergers and Innovation Nisvan Erkal (University of Melbourne, Australia) Simona Fabrizi (Massey University, New Zealand)

Market Microstructure Room SC3 Organizer(s): Bart Taub

Christian Julliard (LSE, UK, [email protected]) Information Asymmetries, Volatility, Liquidity, and Albina Danilova (LSE, UK) the Tobin Tax Shmuel Baruch (University of Utah, USA, [email protected]) Fleeting Orders Lawrence Glosten (Columbia University, USA) Anna Amirdjanova (University of California at Berkeley, USA, Insider Trading: Effects on Uninformed Traders [email protected]) with Bounded Rationality Alex Boulatov (HSE, Russia, [email protected]) How High-Frequency Traders Make Their Money Bart Taub (Glasgow University, UK)

Wednesday, July 29

Intertemporal Choice and Equilibrium Dynamics Room SC4 Organizer(s): Ping Wang, Chair: Costas Azariadis

Costas Azariadis (Washington University in St. Louis, USA, Corruption in Growth Theory [email protected]) YiLi Chien (Federal Reserve Bank of St. Louis, USA, [email protected]) Why Are Exchange Rates So Smooth? A Segmented Hanno Lustig (UCLA) Asset Markets Explanation Kanda Naknoi (University of Connecticut, USA) Chia-Ying Chang (Victoria University of Wellington, New Zealand, Chia- Status, Inheritance, and Growth [email protected]) Guillaume Vandenbroucke (Federal Reserve Bank of St. Louis, USA, [email protected]) Explaining Differences in Life Cycle Earnings Yu-Chien Kong (La Trobe University, Australia) across Cohorts B. Ravikumar (Federal Reserve Bank of St. Louis, USA)

Fair Division Room SC8 Organizer(s): Herve Moulin

Juan Moreno Ternero (Universidad Pablo de Olavide, Spain, [email protected]) Taxation and Poverty Christopher P. Chambers (University of California-San Diego, USA) Jens Lens Hougaard (Copenhagen University, Denmark, [email protected]) Sharing the Cost of Risky Items Herve Moulin (Uni Glasgow) Karol Szwagrzak (University of Souther Denmark, Denmark, Efficient Fair and Groupstrategyproof Allocation [email protected]) under Network Constraints One Dimensional Mechanism Design: Fairness and Herve Moulin (University of Glasgow, U K, [email protected]) Incentives

Advances in Macroeconomics Room SC9 Organizer(s): Timothy J. Kehoe

Enoch Hill (Wheaton College, USA, [email protected]) How Leverage Tips the Scale: Analyzing the Impact David Pérez Reyna (Banco de la República, Colombia) of Banks’ Leverage Ratio on Output Sewon Hur (University of Pittsburgh, USA, [email protected]) Jose Asturias (School of Foreign Service in Qatar, Georgetown University, Qatar) Firm Entry and Exit and Aggregate Growth Timothy J. Kehoe (University of Minnesota, USA) Kim J. Ruhl (Stern School, New York University, USA) Alessandra Fogli (Federal Reserve Bank of Minneapolis, USA, [email protected]) Spatial Business Cycles Enoch Hill (Wheaton College, USA) Timothy J. Kehoe (University of Minnesota, USA, [email protected]) Daniela Costa (University of Minnesota, USA) The Stages of Economic Growth Revisited Gajendran Raveendranathan (University of Minnesota, USA) Kim J. Ruhl (Stern School, New York University, USA)

Wednesday, July 29

Complementarity and Revealed Preference Room SC10 Organizer(s): John K.-H. Quah

Chang-Koo Chi (Aalto University, Finland, [email protected]) The Value of Information and Posterior Dispersion Koji Shirai (Kwansei Gakuin University, Japan, [email protected]) A Revealed Preference Theory of Monotone Choice Natalia Lazzati (University of Michigan) and Strategic Complementarity John K.-H. Quah (University of Oxford, UK) John K.-H. Quah (University of Oxford , UK, [email protected]) Matthew Polisson (University of Leicester, UK) Revealed Preferences Over Risk and Uncertainty Ludovic Renou (University of Essex, UK) Matthew Polisson ( University of Leicester, UK, [email protected]) Ralph Bayer (University of Adelaide, Australia) Subir Bose (University of Leicester, UK) Testing for Ambiguity John K.-H. Quah (University of Oxford, UK) Ludovic Renou (University of Essex, UK)

Information and Market Design Room SC11 Organizer(s): Marzena Rostek, Chair: Rohit Rahi

Nicolas Lambert (Stanford University GSB, USA, [email protected]) Strategic Trading in Informationally Complex Michael Ostrovsky (Stanford GSB, USA) Environments Michael Panov (Stanford GSB, USA) Haoxiang Zhu (MIT, USA, [email protected]) Darrell Duffie (Stanford GSB) Benchmarks in Search Markets Piotr Dworczak (Stanford GSB, USA) Songzi Du (Simon Fraser University, Canada, [email protected]) Welfare and Optimal Trading Frequency in Haoxiang Zhu (MIT, USA) Dynamic Double Auctions Rohit Rahi (LSE Finance, UK, [email protected]) Information Aggregation in a Competitive Economy Jean-Pierre Zigrand (LSE Finance, UK)

Foundational Issues in Game Theory Room SC12 / SC13 Organizer(s): Giacomo Bonanno

Aviad Heifetz (Open University of Israel, Israel, [email protected]) Relational Game Theory Enrico Minelli Burkhard Schipper (University of California, Davis, USA, Self-confirming Games: Unawareness, Discovery, [email protected]) and Equilibrium Antonio Penta (University of Wisconsin - Madison, USA, [email protected]) Cost-benefit Analysis in Reasoning Larbi Alaoui Giacomo Bonanno (University of California, Davis, USA, Perfect Bayesian Equilibrium and Sequential [email protected]) Equilibrium

Wednesday, July 29

Wednesday, July 29, 2015 2:30 – 4:30 ********************************************************************************

Epistemic Game Theory: Theory and Applications Room SC2 Organizer(s): Amanda Friedenberg

Lin Hu (Washington University in St. Louis, USA, [email protected]) On the Persistence of Inefficient Policies Amanda Friedenberg (Arizona State University, USA) Byung Soo Lee (University of Toronto, USA, Degrees of Caution in Games [email protected]) Luciano Pomatto (Northwestern University, USA, Stable Matching Under Forward-Induction [email protected]) Reasoning Amanda Friedenberg (ASU, USA, [email protected]) How Many Levels Do Players Reason? Adam Brandenburger (NYU, USA) Observational Challenges and Solutions Alex Danieli (, Israel)

Social Choice Room SC3 Organizer(s): Anna Bogomolnaia

Dolors Berga (University of Girona, Spain, [email protected]) Impartial Assignment of m Prizes Riste Gjorgjiev (University of Girona, Spain) John Ledyard (Caltech, USA, [email protected]) Auction Design for Buybacks in Fisheries Solidarity in Preference Aggregation: Improving on Patrick Harless (University of Rochester, USA, [email protected]) a Status Quo Measurement of Equality of Opportunity: A Emel Ozturk (Maastricht University, Netherlands, [email protected]) Normative Approach.

Skill, Technology and Development I Room SC4 Organizer(s): Ping Wang

Alexander MongeNaranjo (Federal Reserve Bank of St. Louis, USA, Slums, Skill Formation and the Urban and [email protected]) Structural Development of Countries Pedro-Cavalcanti Ferreira (Fundacao Getulio Vargas) Yin-Chi Wang (Chinese University of Hong Kong, Hong Kong, [email protected]) Educational Choice, Rural-urban Migration and Pei-Ju Liao (Academia Sinica, Taiwan) Economic Development: The Role of Zhaosheng in Ping Wang (Washington University in St. Louis, USA) China Chong K. Yip (Chinese University of Hong Kong, Hong Kong) Productivity Gaps, Unemployment, Migration and David Wiczer (Federal Reserve Bank of St. Louis, USA, [email protected]) Development: Harris-Todaro Meets Mortensen Stephen Parente (UIUC, USA) Pissarides

Nonlinear Dynamics in the Intertermporal Equilibrium Models Room SC5 Organizer(s): Kazuo Nishimura

Unbalanced Growth in A Neoclassical Two-sector Harutaka Takahashi (Meiji Gakuin University, Japan, Optimal Growth Model with Sector Specific [email protected]) Technical Progress: Baumol's Unbalanced Growth Revisited Capital Labor Substitution, Structural Change, and Ngo Van Long (McGill University, CANADA, [email protected]) the Labor Income Share Kazumichi Iwasa (Kobe University, Japan, [email protected]) Trade and Indeterminacy Kazuo Nishimura (Kobe University, Japan) Ken-Ichi Akao (Waseda University, Japan, [email protected]) A Theory of Disasters and Long-run Growth Hiroki Sakamoto (Waseda University, Japan)

Wednesday, July 29

Dynamic Political Economy Room SC8 Organizer(s): Hulya Eraslan & Vincent Anesi

Santiago Oliveros (University of Essex, UK, [email protected]) Competing for Loyalty: The Dynamics of Political Matias Iaryczower (Princeton University, USA) Support Hulya Eraslan (Rice University, USA, [email protected]) Ying Chen (Johns Hopkins University) Persuasive versus Binding Precedent Mingjian Wang (Johns Hopkins University, USA) Jan Zapal (CERGE-EI \& IAE-CSIC and Barcelona GSE, Czech Republic , [email protected]) T. Renee Bowen (Stanford University, USA) Efficiency of Flexible Budgetary Institutions Ying Chen (Johns Hopkins University, USA) Hulya Eraslan (Rice University, USA) Vincent Anesi (University of Nottingham, UK, Existence and Indeterminacy of Markovian [email protected]) Equilibria in Legislative Bargaining Games John Duggan (University of Rochester, USA)

Allocation of Indivisible Goods Room SC9 Organizer(s): Rakesh Vohra

Marek Pycia (UCLA, USA, [email protected]) 2nd Welfare Theorem without Transfers Antonio Miralles (Universitat Autonoma de Barcelona, Spain) Elizabeth Baldwin (London School of Economics, UK, [email protected]) Understanding Preferences: "Demand Types", and Paul Klemperer (University of Oxford, UK) the Existence of Equilibrium with Indivisibilities The Generalized Random Priority Mechanism with Tadashi Hashimoto (Yeshiva University, USA, [email protected]) Budgets Rakesh Vohra (University of Pennsylvania, USA, [email protected]) Near Feasible Stable Matchings with Thanh Nguyen (Purdue University, USA) Complementarities

Demand and Revealed Preference Room SC10 Organizer(s): John K.-H. Quah

Joshua Lanier (University of Oxford, UK, [email protected]) Monotonic Demand and Expected Utility Pawel Dziewulski (University of Oxford, UK, Revealed Time Preference [email protected]) Victor Aguiar (Brown University, USA, [email protected]) Slutsky Matrix Norms and Revealed Preference Roberto Serrano (Brown University, USA) Tests of Consumer Behavior Christopher Chambers (University of California-San Diego, USA, Testable Implications of Translation Invariance and [email protected]) Homotheticity: Variational, Maxmin, CARA and Federico Echenique (Caltech, USA) CRRA Preferences Kota Saito (Caltech, USA)

Risk and Risk Sharing in Decentralized Markets Room SC11 Organizer(s): Marzena Rostek, Chair: Antonio Cabrales

Intermediation and Voluntary Exposure to Maryam Farboodi (Princeton University, USA, [email protected]) Counterparty Risk Jonathon Hazell (MIT & University of Cambridge, USA & UK, Efficiency, Stability and Contagion in Financial [email protected]) Networks Matt Elliott (Caltech, USA) Kathy Yuan (LSE Finance, UK, [email protected]) Edward Denbee (Bank of England, UK) Network Risk and Key Players: A Structural Christian Julliard (LSE Finance, UK) Analysis of Interbank Liquidity Ye Li (Columbia University, USA) Antonio Cabrales (UCL, UK, [email protected]) Piero Gottardi (EUI, Italy) Risk Sharing and Contagion in Networks Fernando Vega-Redondo (Bocconi University, Italy)

Wednesday, July 29

Bounded Rationality and Limited Attention Room SC12 / SC13 Organizer(s): Willemien Kets

Jakub Steiner (CERGE-EI, Czech Republic, [email protected]) Co-evolution of Utility and Attention Balazs Szentes Roberto Serrano (Brown University, USA, [email protected]) Mechanism Design with Bounded Depth of Geoffroy de Clippel (Brown University, USA) Reasoning and Small Modeling Mistakes Rene Saran (Yale-NUS College, Singapore) Security Design in a Production Economy with Ming Yang (Duke, USA, [email protected]) Flexible Information Acquisition Larbi Alaoui (UPF, Spain, [email protected]) Coordination and Sophistication Antonio Penta

Wednesday, July 29, 2015 5:00 – 7:00 ********************************************************************************

Epistemic Game Theory and Experiments Room SC2 Organizer(s): Marciano Siniscalchi

Rationality and Belief Updating in Extensive-Form Paul J. Healy (Ohio State University, USA, [email protected]) Games: Experimental Evidence Belief and Higher-order Belief in the Centipede Yun Wang (Xiamen University, China, [email protected]) Game: An Experimental Investigation Marciano Siniscalchi (Northwestern University, USA, Sequential Preferences and Sequential Rationality [email protected]) Kiryl Khalmetski (University of Cologne, Germany, [email protected]) Axel Ockenfels (University of Cologne, Germany) Surprising Gifts: Theory and Laboratory Evidence Peter Werner (University of Cologne, Germany)

Competitive Markets with Adverse Selection Room SC3 Organizer(s): Piero Gottardi

Eduardo Azevedo (Wharton, USA, [email protected]) Perfect Competition in Markets with Adverse Dan Gottlieb (Wharton, USA) Selection Sarah Auster (Bocconi, Italy, [email protected]) Competing Mechanisms in Lemons Markets Piero Gottardi (EUI) Francois Salanie (TSE, France, [email protected]) Multiple Contracting in Insurance Markets: Cross- Andrea Attar (TSE, France) Subsidies and Quantity Discounts Thomas Mariotti (TSE, France) Humberto Moreita (FGV, Brazil, [email protected]) Vitor Farinha Luz (EUI and UBC, Italy & USA) A Multidimensional Competitive Insurance Model Piero Gottardi (EUI, Italy)

Wednesday, July 29

Skill, Technology and Development II Room SC4 Organizer(s): Ping Wang, Chair: B. Ravikumar

B. Ravikumar (Federal Reserve Bank of St. Louis, USA, [email protected]) Talent, Labor Quality, and Economic Development German Cubas (University of Houston, USA) Gustavo Ventura (Arizona State University, USA) Chong K. Yip (Chinese University of Hong Kong, Hong Kong, [email protected]) A Model of Technology Assimilation Tsz-Nga Wong (Bank of Canada, Canada) Carlos Garriga (Federal Reserve Bank of St. Louis, USA, [email protected]) Spatial Misallocation Across Chinese Cities Yang Tang (Nanyang Technological University, Singapore) Ping Wang (Washington University in St. Louis, USA) Lin Ma (National University of Singapore, Singapore, [email protected]) Understanding Spatial Wage Distribution Within Yang Tang (Nanyang Technological University, Singapore) and Between Chinese Cities

Topics in Financial Decision Making Room SC5 Organizer(s): Jan Wenzelburger

Philipp Weinschenk (Max-Planck Institut, Bonn, Germany, What Determines Success? The Complex [email protected]) Relationship Between Incentives and Performance Conrad Spanaus (TU Kaiserslautern, Germany, [email protected] Asset Pricing Using Downside Risk of Payoffs kl.de) Helena Bock (TU Kaiserslautern, Germany, [email protected]) Double-sided Contract Competition Fabrizio Perri (Federal Reserve Bank of Minneapolis, USA, [email protected]) Macroeconomics and Heterogeneity Dirk Krueger (University of Pennsylvania, USA) Kurt Mitman (IIES, Stockholm University, Sweden)

Dynamic Programming Room SC8 Organizer(s): Takashi Kamihigashi & Juan Pablo Rincón-Zapatero, Chair: Juan Pablo Rincón-Zapatero

Anna Jaskiewicz (Wroclaw University of Technology, Poland, A Dynamic Stochastic Choice Problem with Risk- [email protected]) Sensitive Preferences Andrzej S.Nowak (University of Zielona Góra, Poland) Cuong Le Van (Paris School of Economics, France, Cuong.Le-Van@univ- Necessary and Sufficient Conditions for a Solution paris1.fr) of the Bellman Equation to be the Value Function: a Takashi Kamihigashi (Kobe University) General Principle Masayuki Yao (Keio University, Japan, [email protected]) Dynamic Programming with Upper Semicontinuous Takashi Kamihigashi (Kobe University, Japan) Returns Juan Pablo Rincón-Zapatero (Universidad Carlos III de Madrid, Spain, New Results about Existence and Uniqueness of [email protected]) Unbounded from below Recursive Utilities Robert A. Becker (Indiana University, USA)

Evolutionary Game Theory and Learning Room SC9 Organizer(s): Hamid Sabourian

Ingela Alger (Toulouse School of Economics (CNRS, LERNA) & Institute for Advanced Study in Toulouse, France, [email protected]) Evolution Leads to Kantian Morality Jorgen W. Weibull (Stockholm School of Economics, KTH Royal Institute of Technology, and Institute for Advanced Study in Toulouse, Sweden & France) Abhimanyu Khan (University of Cambridge, UK, [email protected]) Imitation by Firms in a Differentiated Market Mathias Staudigl (Bielefeld University, Germany, mathias.staudigl@uni- Large Deviations and Stochastic Stability in Games bielefeld.de) Hamid Sabourian (University of Cambridge, UK, [email protected]) Evolution of Learning Rules Wei Torng Juang (Academia Science Taiwan, Taiwan)

Wednesday, July 29

Matching and Market Design II Room SC10 Organizer(s): M. Utku Unver

Jean-Jacques Herings (Maastricht University, The Netherland, Equilibrium and Matching under Price Controls [email protected]) Umut Dur (North Carolina State University, USA, [email protected]) Flexible Top Trading Cycles and Chains Onur Kesten (Carnegie Melon University, USA) Mechanism: Maintaining Diversity in Erasmus Utku Unver (Boston College, USA) Student Exchange Alexander Westkamp (Maastricht University, The Netherlands, [email protected]) Strategy-proofness and Stability for Matching with John Hatfield (University of Texas-Austin, USA) Contracts Scott Kominers (Harvard University, USA) Utku Unver (Boston College, USA, [email protected]) Haluk Ergin (University of California-Berkeley, USA) Lung Exchange Tayfun Sonmez (Boston College, USA)

Dynamic and Stochastic Games Room SC12 / SC13 Organizer(s): Lukasz Wozny

Andrzej S. Nowak (University of Zielona Gora, Poland, Stationary Almost Markov Perfect Equilibria in [email protected]) Discounted Stochastic Games Anna Jaskiewicz (Wroclaw University of Technology, Poland) Kutay Cingiz (Maastricht University, The Netherlands, [email protected]) Janos Flesch (Maastricht University, The Netherlands) Doing it Now, Later or Never P. Jean-Jacques Herings (Maastricht University, The Netherlands) Arkadi Predtetchinski (Maastricht University, The Netherlands) Lukasz Balbus (University of Zielona Gora, Poland, [email protected]) Bequest Games Anna Jaskiewicz (Wroclaw University of Technology, Poland) Andrzej S. Nowak (University of Zielona Gora, Poland) Lukasz Wozny (Warsaw School of Economics, Poland, [email protected]) Equilibria in Large Stochastic Games with Lukasz Balbus (University of Zielona Gora, Poland) Complementarities Pawel Dziewulski (University of Oxford, UK) Kevin Reffett (Arizona State University, USA)

Thursday, July 30, 2015 9:00 – 11:00 ********************************************************************************

Ambiguity, Corporations and Pricing Room SC2 Organizer(s): José Heleno Faro

Lorenzo Garlappi (Sauder School of Business, University of British Columbia, Canada, [email protected]) Ron Giammarino (Sauder School of Business, University of British Columbia, Ambiguity and the Corporation: Group Decisions, Canada) Time Inconsistency, and Underinvestment Ali Lazrak (Sauder School of Business, University of British Columbia, Canada) Bruno Holanda (IMPA, Brazil, [email protected]) Aloisio Araujo (IMPA and EPGE/FGV, Brazil) Updating Pricing Rules José Heleno Faro (Insper, Brazil) Peng Wang (National University of Singapore, Singapore, [email protected]) Dominance of Contributions Monitoring in Teams Parimal Kanti Bag (National University of Singapore, Singapore) José Heleno Faro (Insper, Brazil, [email protected]) Bewley 'meet' Gilboa and Schmeidler: Legitimate Efe Ok (New York University, USA) Preferences and Uncertainty Gil Riella (Universidade de Brasilia, Brazil) Thursday, July 30

Finance and Political Economy Room SC3 Organizer(s): Igor Livshits

Credit Constraints and Voting on Human Capital Braz Camargo (Fundação Getúlio Vargas, Brazil, [email protected]) Policies Shut Down or Step Up: Political Polarization and Facundo Piguillem (Einaudi, Italy, [email protected]) Optimal Budget Rules Political Economy of Sovereign Debt: Cycles of Alessandro Dovis (Pennsylvania State University, USA, [email protected]) Debt Crisis and Inequality Igor Livshits (University of Western Ontario, Canada, [email protected]) Sovereign Default and Political Turnover

Game Theory and Applications Room SC4 Organizer(s): Klaus Ritzberger

Jörgen Weibull (Stockholm School of Economics, Sweden, [email protected]) Tenable Strategy Blocks and Settled Equilibria Roger Myerson (University of Chicago, USA) Zsuzsanna Fluck (Michigan State University, USA, [email protected]) A Theory of Collective Decision-making in Naveen Khanna (Michigan State University, USA) Corporate Boards Ishita Chatterjee (University of Western Australia, Australia, Regulating Digital Commercial Piracy: An Ex-post [email protected]) Analysis David Kelsey (University of Exeter, UK, [email protected]) Dragon Slaying with Ambiguity: Theory and Sara le Roux (Oxford Brookes University, UK) Experiments

Topics in Game Theory Room SC5 Organizer(s): Richard P. McLean

On the Non-emptiness of the Alpha-Core of Metin Uyanik (Johns Hopkins University, USA, [email protected]) Discontinuous Games Haomiao Yu (Ryerson University, Canada, [email protected]) Pure Strategy Equilibria in Non-atomic Games with Xiang Sun (Wuhan University, China) Discontinuous Payoffs M.Ali Khan (Johns Hopkins University, USA, [email protected]) On Pure Strategy Equilibria in Games with Yongchao Zhang (Key Laboratory of Mathematical Economics, China) Correlated Information Ahmet Alkan (Sabanci University, Turkey, [email protected]) Pairing Games and Markets Alparslan Tuncay (Sabanci University, Turkey)

Dynamic & Repeated Games: Theory and Experiments Room SC8 Organizer(s): Takako Fujiwara-Greve

Takuo Sugaya (Stanford University GSB, USA, [email protected]) On the Equilibrium Payoff Set in Repeated Games Alexander Wolitzky (MIT, USA) with Imperfect Private Monitoring Naoko Nishimura (Shinshu University, Japan, [email protected]) Demand Reduction in Average-Pricing Multi-unit Tatsuyoshi Saijo (Kochi University of Technology & Hitotsubashi University, Discriminatory Auction with Other-Regarding Japan) Buyers Takako Fujiwara-Greve (Keio University, Japan, [email protected]) Masahiro Okuno-Fujiwara (Musashino University, Japan) Voluntary Partnerships, Cooperation, and Naoko Nishimura (Shinshu University, Japan) Coordination Nobue Suzuki (Komazawa University, Japan) Hitoshi Matsushima (University of Tokyo, Japan, [email protected]) Yutaka Kayaba (University of Tokyo, Japan) Behavioral Approach to Repeated Games with Tomomi Tanaka (World Bank) Private Monitoring Tomohisa Toyama (Kogakuin University, Japan)

Thursday, July 30

Dynamic Economies Room SC9 Organizer(s): Takashi Kamihigashi

Thomas Seegmuller (GREQM, France, [email protected]) On the Interplay between Speculative Bubbles and Xavier Raurich (Universitat de Barcelona, Spain) Productive Investment Hiroyuki Ozaki (Keio University, Japan, [email protected]) Optimality in a Stochastic OLG Model with Eisei Ohtaki (Kanagawa University) Ambiguity Alain Venditti (GREQAM, France, [email protected]) Kazuo Nishimura (Kobe University, Japan) Growth and Public Debt: What are the Relevant Carine Nourry (GREQAM, France) Tradeoffs? Thomas Seegmuller (GREQAM, France) Optimal Control Problem with Quasi-geometric Takaaki Aoki (Kyoto University, Japan, [email protected]) Discounting

Matching Room SC10 Organizer(s): Onur Kesten

Alexander S. Nesterov (WZB, Germany, [email protected]) Matching with Cardinal Preferences A Study of the Turkish High School Admissions Sinan Ertemel (ITU, Turkey, [email protected]) System More on Incentive in Decentralized Random Ayse Yazici (Durham, UK, [email protected]) Matching The Curse of Stability: Designing the Appeals Round Onur Kesten (Carnegie Mellon, USA, [email protected]) in School Choice

Innovation and Growth Room SC11 Organizer(s): Julio Dávila and Silvia Galli

Patent Protection and Product-Market Regulation Pedro Bento (West Virginia University, USA, [email protected]) with Vertical and Horizontal Innovation Réka Juhász (London School of Economics and Political Science, UK, Temporary Protection and Technology Adoption: [email protected]) Evidence from the Napoleonic Blockade SIlvia Galli (CORE, C. University of Louvain, Belgium, [email protected]) Stories from the Frontier Guido Cozzi (University of Saint Gallen, Switzerland) Julio Dávila (CORE, C. University of Louvain, Belgium, Public Domain [email protected])

Macro Policy I Room SC12 / SC13 Organizer(s): Anne Villamil, Chair: Caterina Mendicino

Fan Liu (University of Iowa, USA, [email protected]) Microfinance in the U.S. Gevorg Hunanyan (University of Kaiserslautern, Germany, On the Effectiveness of Capital Requirements [email protected]) Paola Boel (Riksbank, Sweden, [email protected]) On the Efficacy of Quantitative Easing at the Zero Christopher Waller (Federal Reserve Bank of St Louis, USA) Lower Bound Caterina Mendicino (Bank of Portugal, Portugal, Tax Benefits of Debt-financing and the Optimal Rate [email protected]) of Inflation

Thursday, July 30

Thursday, July 30, 2015 2:00 – 4:00 ********************************************************************************

Decision Theory: Theoretical Foundations and Experiments Room SC2 Organizer(s): Jack Stecher

Ken Binmore (Bristol University, UK, [email protected]) A Minimal Extension of Bayesian Decision Theory Jeff Kline (University of Queensland, Australia, [email protected]) Simon Grant (Australian National University, Australia) A Theory of Robust Experiments for Choice Under Idione Meneghel (Australian National University, Australia) Uncertainty John Quiggin (University of Queensland, Australia) Rabee Tourky (University of Queensland, Australia) Laetitia Placido (Baruch College, City University of New York, United States, [email protected]) Discovering Preferences: A Theoretical Framework Olivier Armantier (Federal Reserve Bank of New York, USA) and an Experiment Louis Levy-Garboua (Paris School of Economics, France) Claire Owen (Paris School of Economics, France) Jack Stecher (Carnegie Mellon University, United States, [email protected]) Task Familiarity, Payoff Salience, and the Linda Moya (Carnegie Mellon University, USA) Description-Experience Gap

Financial Contracts and Default Room SC3 Organizer(s): Igor Livshits

Natalia Kovrijnykh (Arizona State University, USA, Who Should Pay for Credit Ratings and How? [email protected]) The Economics of Debt Collection: Enforcement of Viktar Fedaseyeu (Bocconi, Italy, [email protected]) Consumer Credit Contracts Screening and Adverse Selection in a Frictional Ariel Zetlin-Jones (Carnegie Mellon University, USA, [email protected]) Market

Discontinuous Games I Room SC4 Organizer(s): Philip J. Reny

Paulo Barelli (University of Rochester, USA, [email protected]) Srihari Govindan (University of Rochester, USA) Homotopy Methods in Games with Discontinuities Robert Wilson (Stanford University, USA) Rida Laraki (CNRS, LAMSADE (Univ. of Dauphine) and Ecole On the Existence of Approximate Equilibria and Polytechnique, France, [email protected]) Sharing Rule Solutions In Discontinuous Games Philippe Bich (Centre d'économie de la Sorbonne- PSE) Rabee Tourky (Australian National University, Australia, Fixed Point Theorems in Simply Connected Partially [email protected]) Ordered Spaces Richard P. McLean (Rutgers University, USA, [email protected]) Complete and Incomplete Information Games with Oriol Carbonell-Nicolau (Rutgers University, USA) Discontinuous Payoffs

Computational Economics Room SC5 Organizer(s): Felix Kubler

Simon Scheidegger (University of Zurich, Switzerland, Using Adaptive Sparse Grids to Solve High- [email protected]) Dimensional Dynamic Models Johannes Brumm (University of Zurich, Switzerland) A Perturbation Approach to Projection Methods in Walt Pohl (University of Zurich, Switzerland, [email protected]) Asset Pricing Karl Schmedders (University of Zurich, Switzerland, Life-Cycle Portfolio Choice, the Wealth Distribution [email protected]) and Asset Price Felix Kubler (University of Zürich, Switzerland) Asset Pricing in Large Economies with Boundedly Felix Kubler (University of Zurich, Switzerland, [email protected]) Rational Agents Thursday, July 30

Optimal Taxation with Private Information Room SC8 Organizer(s): Tom Krebs

Nicolas Werquin (Toulouse School of Economics, France, [email protected]) A Variational Approach to the Analysis of Tax Mikhail Golosov (Princeton University, USA) Systems Aleh Tsyvinski (Yale University, USA) Nicola Pavoni (Bocconi University, Italy, [email protected]) Arpad Abraham (EUI) Optimal Income Taxation with Asset Accumulation Sebastian Koehne (SIIE, Sweden) Sebastian Findeisen (Mannheim University, Germany, findeisen@uni- mannheim.de) Designing Efficient College and Tax Policies Dominik Sachs (EUI, Italy) Tom Krebs (Mannheim University, Germany, [email protected]) Optimal Taxation with Moral Hazard and Risky Sebastian Findeisen (Mannheim University, Germany) Human Capital Dominik Sachs (EUI, Germany)

Advances in Mechanism Design and Information Economics Room SC9 Organizer(s): Vasiliki Skreta

Ben Brooks (University of Chicago, USA, [email protected]) Lower Bounds on Revenue in the First Price Auction Rahul Deb (University of Toronto, Canada, [email protected]) Optimal Adaptive Testing Andy Zapechelnyuk (University of Glaskow, UK, [email protected]) Anton Kolotilin Targeted vs. Public Bayesian Persuasion Ming Li Tymofiy Mylovanov Vasiliki Skreta (University College London, UK, [email protected]) Optimal Certification and Mediation with Frederic Koessler Heterogeneous Consumers

Contests I Room SC10 Organizer(s): Dan Kovenock

Wolfgang Leininger (TU Dortmund, Germany, wolfgang.leininger@uni- dortmund.de) Revenue Maximizing Head Starts in Contests Jörg Franke (TU Dortmund, Germany) Cédric Wasser (University of Bonn, Germany) Aner Sela (Ben-Gurion University of the Negev, Israel, [email protected]) Contests with Prizes for Both Winning and Losing Marco Serena (Universidad Carlos III de Madrid, Spain, Information in Contests [email protected]) Dan Kovenock (Chapman University, USA, [email protected]) Dynamic Behavior and Player Types in Majoritarian Alan Gelder (Chapman University, USA) Multi-Battle Contests

Economics of Information Room SC11 Organizer(s): Joao Correia da Silva

Christoph Siemroth (University of Mannheim, Germany, The Impossibility of Informationally Efficient [email protected]) Markets when Forecasts are Self-defeating Fabrizio Adriani (University of Leicester, United Kingdom, [email protected]) A Theory of Esteem Based Peer Pressure Silvia Sonderegger (University of Nottingham and CeDEx.) Simultaneous Reporting of Credit Ratings May Luis Vasconcelos (University of Essex, United Kingdom, [email protected]) Discipline Rating Agencies Impossibility of Market Division with Two-sided Joao Correia da Silva (University of Porto, Portugal, [email protected]) Private Information about Production Costs

Thursday, July 30

Games and Markets SC12 / SC13 Organizer(s): Leonidas Koutsougeras

Jayasri Dutta (University of Birmingham, UK, [email protected]) Gaussian Common Knowledge H. Polemarchakis (University of Warwick, UK) Lionel de Boisdeffre (Universite de Pau et des Pays de l' Adour, France, Dropping Rational Expectations [email protected]) Monica Giovanniello (University of Warwick, UK, Markets for Votes: Conflict, Distribution and [email protected]) Welfare Herakles Polemarchakis (University of Warwick, UK) Leonidas C. Koutsougeras (University of Manchester , UK, [email protected]) Mediated Trade Across Markets Rabah Amir (University of Iowa, USA)

Thursday, July 30, 2015 4:30 – 6:30 ********************************************************************************

Network Economics Room SC2 Organizer(s): Alex Teytelboym

C. Matthew Leister (University of California, Berkeley, USA, Information Acquisition and Response in Peer- [email protected]) effects Networks Alireza Tahbaz-Salehi (Columbia Business School, United States, [email protected]) Financial Intermediation Networks Marco Di Maggio (Columbia Business School) Kostas Bimpikis (Stanford GSB, United States, [email protected]) Cournot Competition in Networked Markets Alex Teytelboym (INET, University of Oxford, United Kingdom, [email protected]) Cascades in Networks: A Simple Theory and Yongwhan Lim (MIT, United States) Applications Asuman Ozdaglar (MIT, United States)

Ambiguity in Games Room SC3 Organizer(s): Chris Shannon

Ronald Stauber (Australian National University, Australia, Irrationality and Ambiguity in Extensive Games [email protected]) Igor Muraviev (Bielefeld University, Germany, igor.muraviev@uni- Kuhn's Theorem under Ambiguity bielefeld.de)

Discontinuous Games II Room SC4 Organizer(s): Philip J. Reny

Wei He (University of Iowa, USA, [email protected]) Equilibria with Discontinuous Preferences Nicholas Yannelis (University of Iowa, USA) Konrad Podczeck (University of Vienna, Austria, Existence of Nash Equilibrium in Ordinal Games [email protected]) with Discontinuous Preferences Guilherme Carmona (University of Surrey, UK) Pavlo Prokopovych (Kyiv School of Economics, Ukraine, Majorized Correspondences and Equilibrium [email protected]) Existence in Discontinuous Games Vincenzo Scalzo (DISES, University of Napoli Federico II, Italy, Remarks on the Existence and Stability of Some [email protected]) Approximate Equilibria in Strategic Form Games

Thursday, July 30

Quantitative Macroeconomics Room SC5 Organizer(s): Selo Imrohoroglu

Vincent Sterk (University College London, UK, [email protected]) The Growth Potential of Startups over the Business Petr Sedlacek (University of Bonn, Germany) Cycle Tomoaki Yamada (Meiji University, Japan, [email protected]) Can Guest Workers Solve Japan's Fiscal Problems? Gary Hansen (University of California, Los Angeles, USA, Low Frequency Fluctuations [email protected]) Selo Imrohoroglu (University of Southern California, USA, Capital Income Tax Reform and the Japanese [email protected]) Economy

Topics in Economic Theory Room SC8 Organizer(s): Svetlana Boyarchenko

V. Bhaskar (University of Texas at Austin, USA, [email protected]) Learning, New Technology and the Ratchet Effect Maxwell B. Stinchcombe (University of Texas at Austin, USA, Updating Ambiguous Beliefs: Theory and [email protected]) Applications Caroline Thomas (University of Texas at Austin, USA, Career Concerns and Policy Intransigence - A [email protected]) Dynamic Signaling Model Svetlana Boyarchenko (University of Texas at Austin, USA, [email protected]) Poisson Bandits of Evolving Shade of Gray Sergei Levendorskii

Dynamic Stochastic Models Room SC9 Organizer(s): Takashi Kamihigashi & Juan Pablo Rincón-Zapatero, Chair: Takashi Kamihigashi

International Transmission of Bubble Crashes: Lise Clain-Chamosset-Yvrard (GREQAM, France, [email protected]) Stationary Sunspot Equilibria in a Two-Country Takashi Kamihigashi (Kobe University, Japan) Overlapping Generations Model Yiannis Vailaki (University of Glasgow, UK, [email protected]) Monotone Concave Operators: Applications to Takashi Kamihigashi (Kobe University, Japan) Stochastic Dynamic Programming Cuong Le Van (Paris School of Economics, France) Tim S. Worrall (University of Edinburgh, UK, [email protected]) S. Foss (Heriot-Watt University) Stochastic Stability of Monotone Economies in V. Shneer (Heriot-Watt University, UK) Regenerative Environments J.P. Thomas (University of Edinburgh, UK) Takashi Kamihigashi (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan, [email protected]) Seeking Ergodicity in Dynamic Economies John Stachurski (Australian National University, Australia)

Contests II Room SC10 Organizer(s): Dan Kovenock

Qiang Fu (National University of Singapore, Singapore, [email protected]) Pro Rata or Fixed? Pricing Strategy of Xuyuan Liu (National University of Singapore, Singapore) Crowdsourcing Contest Intermediaries David A. Malueg (University of California Riverside, USA, [email protected]) Private-Information Group Contests Stefano Barbieri (Tulane University) Subhasish M. Chowdhury (University of East Anglia, UK, s.modak- [email protected]) Resources for Conflict: Constraint or Wealth? Kyung Hwan Baik (Sungkyunkwan University, Republic of Korea) Abhijit Ramalingam (University of East Anglia, UK) Kai A. Konrad (Max Planck Inst. for Tax Law and Public Finance, Germany, Interest Groups, Influence Activities and Politicians [email protected]) with Imperfect Commitment Dan Kovenock (Chapman University, USA)

Thursday, July 30

Cooperative Game Theory Room SC11 Organizer(s): Michel Grabisch

Philippe Solal (Université Jean Monnet, Laboratoire GATE Lyon-Saint- Etienne, France, [email protected]) A Simple Proof of Axiomatic Characterizations Sylvain Béal (Université de Franche-Comté, Laboratoire CRESE, France) using Associated Consistency Eric Rémila (Université Jean Monnet, Laboratoire GATE Lyon-Saint-Etienne, France) José Manuel Zarzuelo (University of the Basque Country, Bilbao, Spain, [email protected]) On Highway Problems Peter Sudhölter (University of Southern Denmark, Odense, Denmark) Peter Sudhölter (University of Southern Denmark, Odense, Denmark, [email protected]) On Bargaining Sets of Convex NTU Games Bezalel Peleg (The Hebrew University of Jerusalem, Israel) Michel Grabisch (Paris School of Economics, University of Paris I, France, On the Vertices of some Sets of Multichoice Games [email protected]) and their Application in GAI Models Christophe Labreuche (Thales Research & Technology France, France)

Education Room SC12 / SC13 Organizer(s): Christopher Rauh and Constantine Yannelis, Chair: Constantine Yannelis

Rajesh Ramachandran (Goethe University Frankfurt, Germany, Language of Instruction and Student Learning: [email protected]) Evidence from an Experimental Program in David D. Laitin (Stanford University, USA) Cameroon Stephen L. Walter (Graduate Institute of Applied Linguistics, USA) The Political Economy of Early and College Christopher Rauh (University of Cambridge, UK, [email protected]) Education - Can Voting Bend the Great Gatsby Curve? Jack Willis (Harvard University, USA, [email protected]) Identifying Spillovers by Predicting Compliance Constantine Yannelis (Stanford University, USA, [email protected]) Asymmetric Information in Student Loans

Friday, July 31, 2015 9:30 – 11:30 ********************************************************************************

Topics in Dynamic Incentives Room SC2 Organizer(s): Hector Chade, Chair: Juan Ortner

Gonzalo Cisternas (MIT Sloan, USA, [email protected]) Alessandro Bonatti (MIT Sloan, USA) Dynamic Oligopoly with Incomplete Information Juuso Toikka (MIT, Department of Economics, USA) Yingni Guo (Northwestern University, USA, [email protected]) Dynamic Mechanisms without Money Johannes Horner (Yale University, USA) Juan Ortner (Boston University, USA, [email protected]) Collusion in Auctions with Price Limits: Theory and Sylvain Chassang (Princeton University, USA) Evidence from Procurement

Friday, July 31

General Equilibrium and Economic Dynamics Room SC3 Organizer(s): Mich Tvede

Re-using Collateral: A General Equilibrium Model Vincent Maurin (European University Institute, Italy, [email protected]) of Rehypothecation Herve Cres (NYU, Abu Dhabi, United Arab Emirates, [email protected]) Economic Correctness: Why Incomplete Markets Mich Tvede (Newcastle University, UK) Might Never Fail Marginal Pricing and Marginal Cost Pricing Matias Fuentes (Universidad Nacional de San Martín, Argentina, Equilibria in Economies with Externalities and [email protected]) Infinitely many Commodities Milan Horniacek (Comenius University in Bratislava, Slovakia, Innovation and Efficiency in Dynamic Oligopolistic [email protected]) General Equilibrium Lubica Simkova (Comenius University in Bratislava, Slovakia)

Topics in Microeconomic Theory II Room SC4 Organizer(s): Beth Allen

How to Measure Utility or Elicit Beliefs without Patrick O'Callaghan (University of Queensland, Australia, Mixing Apples and Oranges: An Application to [email protected]) Brownian Motion Valeriy M. Marakulin (Sobolev Institute of Mathmatics, Russian Academy of On the Theory of Spatial General Equilibrium and Sciences, Novosibirsk, Russia, [email protected]) Tiebout Equilibrium in Multidimensional Space Cigdem Gizem Korpeoglu (Carnegie Mellon University and University Consumer Unions: Blessing or Curse? College London, USA and England, [email protected]) Beth Allen (University of Minnesota, USA, [email protected]) TBA

Wealth Distribution: Empirics Room SC5 Organizer(s): Alberto Bisin

M. De Nardi (University College of London, UK, [email protected]) Wealth Inequality, Family Background, and Estate F. Yang (, USA) Taxation F. Kindermann (University of Bonn, Germany, fabian.kindermann@uni- High Marginal Tax Rates on the Top 1%? Lessons bonn.de) from a Life Cycle Model with Idiosyncratic Income D. Krueger (University of Pennsylvania) Risk A. Bisin (New York Univerisity, USA, [email protected]) The Dynamics of the Wealth Distribution and Social J. Benhabib (New York Univerisity, USA) Mobility M. Luo (New York University, USA) S. Zhu (National University of Singapore, Singapore, [email protected]) Elasticities of Pareto Parameters and the Optimal C.C. Yang (Academia Sinica, Taiwan) Top Tax Rate S. Wu (Tsing Hua University, Taiwan)

Applications of Optimal Transport to Economics Room SC8 Organizer(s): Rakesh Vohra, Chair: Deniz Dizdar

Arnaud Dupuy (CEPS/INSTEAD, France, [email protected]) Migration in China: to Work or to Wed? Ran Shao (Yeshiva University, USA, [email protected]) Implementability: a View from Optimal Transport Two-sided Investments and Matching with Multi- Deniz Dizdar (University of Montreal, Canada, [email protected]) dimensional Cost Types and Attributes

Friday, July 31

Markets with Many Commodities Room SC9 Organizer(s): Maria Gabriella Graziano

Francesca Centrone (Universita del Piemonte Orientale, Italy, Coalitional Extreme Desirability in Finitely Additive [email protected]) Exchange Economies Anna Martellotti (Università di Perugia, Italy) Takashi Suzuki (Meiji-Gakuin University, Japan, A Coalitional Production Economy with Infinitely [email protected]) many Indivisible Commodities Ioannis A.Polyrakis (National Technical University of Athens, Greece, Geometric Properties of Cones and Equilibrium [email protected]) Maria Gabriella Graziano (University of Naples Federico II and CSEF, Italy, [email protected]) Coalitional Fairness with many Commodities Achille Basile (University of Naples Federico II , Italy) Ciro Tarantino (University of Naples Federico II , Italy)

Social Networks Room SC10 Organizer(s): Agnieszka Rusinowska

Anja Prummer (The Cambridge - INET Institute, UK, [email protected]) A Model of Mobilisation Francesco Nava (LSE, UK) Tim Hellmann (Bielefeld University, Institute of Mathematical Economics, Germany, [email protected]) Investments in R&D and the Formation of R&D Herbert Dawid (Bielefeld University, Department of Business Administration Clusters and Economics, and Institute of Mathematical Economics) Florian Gauer (Bielefeld University, Center for Mathematical Economics, Strategic Formation of Homogeneous Bargaining Germany, [email protected]) Networks Agnieszka Rusinowska (Paris School of Economics CNRS, University of Paris 1, Centre dEconomie de la Sorbonne, France, agnieszka.rusinowska@univ- paris1.fr) Competition for the Access to and Use of Philipp Moehlmeier (Bielefeld University, Center of Mathematical Economics, Information in Networks Germany) Emily Tanimura (University of Paris I, Centre dEconomie de la Sorbonne, France)

New Methods in Dynamic General Equilibrium Room SC11 Organizer(s): Kevin Reffett

Christopher Sleet (Carnegie Mellon University, USA, [email protected]) Recursive Dual Methods: Theory and Examples Matthias Messner (Bocconi University, Italy) Nicola Pavoni (Bocconi University, Italy) Martin Kaae Jensen (University of Leicester, UK, [email protected]) Redistributional Policies and Uninsurable Risk Herakles Polemarchakis (University of Warwick) Sevin Yeltekin (Carnegie Mellon University, USA, [email protected]) Poverty and Self-Control Manjira Datta (Arizona State University, USA, [email protected]) Kevin Reffett (Arizona State University, USA) Comparing Indeterminancies Lukasz Wozny (Warsaw School of Economics, Poland)

Friday, July 31

Topics on Economic Development Room SC12 / SC13 Organizer(s): Tiago Cavalcanti

Julian Neira (University of Exeter, UK, [email protected]) Bankruptcy and Aggregate Productivity Julieta Caunedo (Cornell University, USA, [email protected]) Industry Dynamics, Investment and Business Cycles Francesco Caselli (London School of Economics, UK, [email protected]) Domestic Market Size, Inward Orientation, and John Coleman Industrialization Christian Siegel Finance and Development: Tiago Cavalcanti (University of Cambridge, UK, [email protected]) On the Causal Effect of Access to Credit on Productivity

Friday, July 31, 2015 2:30 – 4:30 ********************************************************************************

Choice Theory and Bounded Rationality I Room SC2 Organizer(s): Marco Mariotti & Paola Manzini, Chair: Marco Mariotti

Nobuo Koida (Iwate Prefectural University, Japan, [email protected]) Anticipated Stochastic Choice John Rehbeck (UC San Diego, US, [email protected]) Menu Dependent Stochastic Consideration Richard Brady (UC San Diego) Levent Ulku (ITAM, Mexico, [email protected]) Marco Mariotti (Queen Mary University of London, UK) Stochastic Complementarity Paola Manzini (University of St Andrews, UK) Ernesto Savaglio (Universitta' di Chieti, Italy, [email protected]) Hyper-relations, Choice Functions, and Orderings V.Danilov (Central Institute of Economics and Mathematics RAS, Russia) of Opportunity Sets G.Koshevoy (Central Institute of Economics and Mathematics RAS, Russia)

Economic Dynamics Room SC3 Organizer(s): Mich Tvede

Aditya Goenka (University of Birmingham, UK, [email protected]) Infectious Diseases, Human Capital and Economic Lin Liu (University of Liverpool, UK) Growth Lalaina Rakotonindrainy (Paris School of Economics, University of Paris 1, A Note on the Characterization of Optimal France, [email protected]) Allocations in OLG Economies with Multiple Goods Jean-Marc Bonnisseau (Paris School of Economics, University of Paris 1) On the Stability and Erratic Behavior of Medium- Mauro Bambi (York University, United Kingdom, [email protected]) term Fluctuations Testable Restrictions of Equilibrium Outcomes in Indrajit Ray (Cardiff University, UK, [email protected]) Strategic Market Games

Macro Policy II Room SC4 Organizer(s): Caterina Mendicino and Anne Villamil, Chair: Rajnish Mehra

Anne Villamil (University of Iowa, USA, [email protected]) Health Insurance and Talent Misallocation Consumer Default Effects of Capital Income Tax Antonio Antunes (Bank of Portugal, Portugal, [email protected]) Cuts Ettore Panetti (Bank of Portugal, Portugal, [email protected]) A Dynamic Quantitative Macroeconomic Model of Elena Mattana Bank Runs Hye-jin Cho (University of Paris 1, Pantheon Sorbonne, France, Speculative Bubble Burst [email protected])

Friday, July 31

Wealth Distribution: Theory I Room SC5 Organizer(s): Alberto Bisin

B. Moll (Princeton University, USA, [email protected]) Xavier Gabaix (New York University, USA) The Dynamics of Inequality Jean-Michel Lasry (University of Paris-Dauphine, France) Pierre-Louis Lions (College de France, France) J. Benhabib (New York University, USA, [email protected]) The Wealth Distribution in Bewley Models with A. Bisin (New York University) Investment Risk S. Zhu (National University of Singapore, Singapore) R. Fernholz (Claremont McKenna College, USA, A Model of Economic Mobility and the Distribution [email protected]) of Wealth

Learning Room SC8 Organizer(s): John Nachbar

An Axiomatic Perspective on Bounded Rationality in Laurent Mathevet (New York University, USA, [email protected]) Games Ignacio Esponda (Washington University-St Louis, USA, Berk-Nash Equilibrium: A Framework for Modeling [email protected]) Agents with Misspecified Models Demian Pouzo (UC Berkeley, USA) Yehuda Levy (Oxford University, UK, [email protected]) Limits to Rational Learning Jacob Leshno (Columbia University, USA, [email protected]) Universal Communication via Robust Coordination

Fiscal Theory and the European Crisis Room SC9 Organizer(s): Raphael Espinoza

Raphael Espinoza (University College of London, UK, [email protected]) High Public Debt: Some Consequences Zineddine Alla (Sciences Po (Institut d'etudes politiques de Paris), France, Optimal Fiscal Devaluations in a Currency Union [email protected]) Suman Basu (International Monetary Fund, USA, [email protected]) Heterogeneous Countries in a Financial Union Structural Reforms and Fiscal Consolidation: Is Rana Sajedi (European University Institute, Italy, [email protected]) There a Tradeoff?

Extending Monopolistic Competition Models I Room SC10 Organizer(s): Rodolphe Dos Santos Ferreira and Claude d'Aspremont, Chair: Rodolphe Dos Santos Ferreira

Philip Ushchev (National Research University, Higher School of Economics, Russia, [email protected]) Toward a Theory of Monopolistic Competition Mathieu Parenti (Université Catholique de Louvain, Belgium) Jacques Thisse (Université Catholique de Louvain, Belgium) Federico Etro (Dept. Economics, Ca Foscari University, Italy, [email protected]) A General Theory of Endogenous Market Structures Paolo Bertoletti (Dept. of Economics and Management, University of Pavia, Italy) Claude d'Aspremont (CORE, Université Catholique de Louvain, Belgium, Oligopolistic vs. Monopolistic Competition: Do [email protected]) Intersectoral Effects Matter? Rodolphe Dos Santos Ferreira (BETA, Université de Strasbourg, France) André de Palma (Ecole Normale Supérieure de Cachan, France, Economic Distributions and Primitive Distributions [email protected]) in Monopolistic Competition Simon Anderson (University of Virginia, USA)

Friday, July 31

Fundamentals of Game Theory Room SC11 Organizer(s): Konrad Podczeck

Generic Robustness of Nash Equilibrium to Guilherme Carmona (University of Surrey, UK, [email protected]) Incomplete Information Michael Greinecker (University of Innsbruck, Austria, Typology of Beliefs and Rationalizability with many [email protected]) Players Christopher Kah (University of Innsbruck, Austria, [email protected]) Pairwise Matching in Large Economies Michael Greinecker (University of Innsbruck, Austria) Bayesian Games with Baire Class 1 Payoff Eiichiro Kazumori (SUNY-Buffalo, USA, [email protected]) Functions

Cooperation and Coordination in Laboratory Experiments Room SC12 / SC13 Organizer(s): Gabriele Camera

Maria Bigoni (University of Bologna, Italy, [email protected]) Marco Casari (University of Bologna, Italy) Sand in the Wheels: Cooperation with Imperfect Andrzej Skrzypacz (Stanford University, USA) Monitoring in Continuous Time Giancarlo Spagnolo (SITESSE, Sweden) Enrique Fatas (University of East Anglia, UK, [email protected]) Marco Castillo (George Mason University, USA) Backlash. An Experimental Analysis of Group Ragan Petrie (George Mason University, USA) Cohesion, Sanctions and Sacrifice Axel Sonntag (University of East Anglia, UK) Johannes Leutgeb (WZB, Germany, [email protected]) Payoff Information may Hamper the Evolution of Steffen Huck (WZB, Germany) Cooperation Ryan Oprea (UCSB, USA) Stefania Bortolotti (University of Cologne, Germay, stefania.bortolotti@uni- koeln.de) Gabriele Camera (Chapman University & University of Basel, USA & An Experiment on Retail Payments Systems Switzerland) Marco Casari (University of Bologna, Italy)

Friday, July 31, 2015 5:00 – 7:00 ********************************************************************************

Choice Theory and Bounded Rationality II Room SC2 Organizer(s): Paola Manzini & Marco Mariotti, Chair: Paola Manzini

Shaowei Ke (Princeton University, USA, [email protected]) Boundedly Rational Backward Induction Sean Horan (Universite de Montreal, Canada, [email protected]) Simplicity in Choice Levent Ulku (ITAM) Doron Ravid (Princeton University, USA, [email protected]) Focus, then Compare Andrew Ellis (London School of Economics, UK, [email protected]) Complexity, Correlation, and Choice Michele Piccione (London School of Economics, UK)

Friday, July 31

Financial Economics Room SC3 Organizer(s): Edward S. Prescott

John Boyd (University of Minnesota, USA, [email protected]) Inflation, Welfare, and the Fisher Effect: Theory and Abu Jalal (Suffolk University, UK) Empirics John Pokorny (University of Minnesota, USA) Strategic Selection of Risk Models and Bank Capital Jean-Edouard Colliard (HEC Paris, France, [email protected]) Regulation Thorsten Koeppl (Queen's University, Canada, [email protected]) Livin' on the Edge with Ratings: Liquidity, Efficiency Jonathan Chiu (Bank of Canada, Canada) and Stability Edward S. Prescott (Federal Reserve Bank of Richmond, U.S.A., Fixed Prices and Regulatory Discretion as Triggers [email protected]) for Contingent Capital Conversion: An Douglas Davis (Virginia Commonwealth University, U.S.A.) Experimental Examination

Contests and Applications Room SC4 Organizer(s): Brian Roberson

René Kirkegaard (University of Guelph, Canada, [email protected]) Asymmetric Auctions with More than Two Bidders Timothy P. Hubbard (Colby College, USA) Pierre Boyer (University of Mannheim, Germany, pierre.boyer@uni- mannheim.de) Efficiency, Welfare, and Political Competition Felix Bierbrauer (Max Planck Institute) Alexander V. Hirsch (California Institute of Technology, USA, Policy Contests [email protected]) Brian Roberson (Purdue University, USA, [email protected]) The Optimal Defense of a Flow Network Dan Kovenock (Chapman University, USA)

Wealth Distribution: Theory II Room SC5 Organizer(s): Alberto Bisin

M. Nirei (Ministry of Finance, Japan, [email protected]) Zipf's Law, Pareto's Law, and the Evolution of Top S. Aoki (Hitotsubashi University, Japan) Incomes in the U.S. C. Ewald (University of Glasgow, UK, [email protected]) On the Stochastic Dynamics of Distributions A. Toda (Univesity of California, San Diego, USA, [email protected]) Growth, Welfare, and Inequality under Basic Yoshiyuki Miyoshi (Univesity of California, San Diego, USA) Income/Flat Tax M. D'Amato (University of Salerno, Italy, [email protected],) Left and Right. A Tale of Two Tails in the Wealth C. Di Pietro (University of Salerno, Italy) Distribution

Networks Room SC8 Organizer(s): Francis Bloch, Chair: Rene van den Brink

Leonie Baumann (University of Hamburg, Germany, Time Allocation in Friendship Networks [email protected]) Who Can You Trust? Reputation and Cooperation in Maia King (Queen Mary, University of London, UK, [email protected]) Networks Timo Hiller (University of Bristol, UK, [email protected]) Peer Effects in Endogenous Networks Rene van den Brink (VU University Amsterdam, The Netherlands, Polluted River Problems and Games with a [email protected]) Permission Structure

Friday, July 31

Topics in Auctions, Contests and Markets Room SC9 Organizer(s): Diego Moreno and John Wooders

John Wooders (Department of Economics, University of Technology Sydney, Australia, [email protected]) Equilibrium and Maximin Perfection in a Dynamic Matt Van Essen Fair Division Auction (University of Alabama, USA) Angel Hernando-Veciana (Universidad Carlos III de Madrid, Spain, Rounding in the Libor Submissions [email protected]) Jason Shachat (Durham University Business School, UK, [email protected]) The Market Allocation of Property Rights and the J. Todd Swarthout (Georgia State University, USA) Destruction of Trust Yun Wang (Xiamen University, China) Diego Moreno (Universidad Carlos III de Madrid, Spain, [email protected]) The Value of Public Information in Common-Value Ezra Einy (Ben Gurion University of the Negev, Israel) Tullock Contests Benyamin Shitovitz (University of Haifa, Israel)

Extending Monopolistic Competition Models II Room SC10 Organizer(s): Claude d'Aspremont and Rodolphe Dos Santos Ferreira, Chair: Claude d'Aspremont

Paolo Epifani (University of Nottingham (UK and Ningbo), China, Trade Imbalance and Welfare in Monopolistic [email protected]) Competition Gino Gancia (CREI and UPF, Spain) Sergey Kichko (National Research University, Higher School of Economics, Russia, [email protected]) Trade Liberalization and Markup Divergence: An Kristian Behrens (ESG-UQAM, Montreal, Canada) Epsilon-CES Approach Philip Ushchev (National Research University, Higher School of Economics, Russia) Kristian Behrens (ESG-UQAM, Montreal, Canada, [email protected]) Giordano Mion (Surrey Business School, University of Surrey, Guilford, Distorted Monopolistic Competition United Kingdom) Yasusada Murata (ARISH, Nihon University, Tokyo, Japan) Jens Suedekum (DICE, Heinrich Heine Universität, Düsseldorf, Germany) Bertrand Koebel (BETA, CNRS, Université de Strasbourg, France, Fixed Cost, Variable Cost, Markups and Returns to [email protected]) Scale Xi Chen (Statec, Luxembourg, Luxembourg)

Money: Theoretical Foundations Room SC11 Organizer(s): Ross M. Starr

Gabriele Camera (Chapman University and University of Basel, USA and Switzerland, [email protected]) Money is More than Memory Maria Bigoni (University of Bologna, Italy) Marco Casari (University of Bologna, Italy ) Dror Goldberg (The Open University of Israel, Israel, [email protected]) The Emergence of Decentralized and Centralized Gabriele Camera (Chapman University , USA) Trading Institutions: Money vs. Walras in the Avi Weiss (Bar Ilan University , Israel) Laboratory Government-Endorsed Fiat Money: Natural Ross M. Starr (University of California, San Diego, USA , [email protected]) Monopoly in a Trading Post Economy

Friday, July 31

Repeated Games Room SC12 / SC13 Organizer(s): Guilherme Carmona

Guilherme Carmona (University of Surrey, UK, [email protected]) Approachability with Discounting and the Folk Hamid Sabourian (University of Cambridge, UK) Theorem Olivier Gossner (Université Paris-Saclay (CNRS École Polytechnique) and The Robustness of Incomplete Penal Codes in LSE, France, [email protected]) Repeated Interactions Antoine Salomon (Université Paris Dauphine, France, [email protected]) Bayesian Repeated Games Francoise Forges (Université Paris Dauphine, France) Juan Escobar (University of Chile, Chile, [email protected] ) Cooperation Dynamics in Repeated Games of Gastón Llanes (Catholic University of Chile, Chile) Adverse Selection