17th SAET Conference on Current Trends in Economics

Ria Park Hotel Faro, Portugal

June 25-30, 2017 Ria Park Hotels Map General Daily Schedule 9:30-11:30 am Parallel Sessions 11:30-12:00 pm Coffee Break 12:00-1:00 pm Plenary Talks (Room: DaVinci A + B) 1:00-2:30 pm Lunch 2:30-4:30 pm Parallel Sessions 4:30-5:00 pm Coffee Break* 5:00-7:00 pm Parallel Sessions

*Please note: There will be no coffee break on June 30th from 4:30-5:00pm

Conference Dinner The Conference Dinner will be held Thursday, June 29th at 7:30 pm at Ria Park Hotels in the Lusitano Restaurant. All conference registrants are welcome to attend with the cost included in the registration fee.

Social Receptions Sunday, June 25th: 7:10-8:45 pm Location: Ria Park Hotel Cocktail Bar and Terrace

Friday, June 30th: 7:10-8:45 pm Location: Ria Park Hotel Cocktail Bar and Terrace

Program Committee:

 Allen, Beth (University of Minnesota, [email protected])  Arkolakis, Costas (Yale University, USA, [email protected])  Araujo, Aloisio (Instituto Nacional de Matemática Pura e Aplicada, Brazil, [email protected])  Basile, Achille (University of Naples Federico II, Italy, [email protected])  Chateauneuf, Alain (PSE-University of Paris I, France, [email protected])  Carmona, Guillherme (University of Surrey, UK, [email protected])  Chernozhukov, Victor (Massachusetts Institute of Technology, USA, [email protected])  Cornet, Bernard (PSE-University of Paris I & University of Kansas, France & USA, Bernard.Cornet@univ- paris1.fr)  d'Aspremont, Claude (Université catholique de Louvain, Belgium, [email protected])  Echenique, Federico (California Institute of Technology, USA, [email protected])  Galichon, Alfred (New York University, USA, [email protected])  Graziano, Maria Gabriella (University of Naples Federico II, Italy, [email protected])  Hervés-Beloso, Carlos (University of Vigo, Spain, [email protected])  Hörner, Johannes (Yale University, USA, [email protected])  Kaneko, Mamoru (Waseda Univeristy, 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])  McLean, Richard (Rutgers University, USA, [email protected])  Moulin, Hervé (University of Glasgow, Scotland, [email protected])  Nachbar, John (Washington University - St. Louis, USA, [email protected])  Pascoa, Mario (University of Surrey, UK, [email protected]) — Co-Chair  Plott, Charles (California Institute of Technology, USA, [email protected])  Podczeck, Konrad (Universitat Wien, Austria, [email protected])  Prescott, Edward C. (Australian National University, Australia, and Arizona State University, USA, [email protected])  Prescott, Edward S. (Ned) (Federal Reserve Bank - Richmond, USA, [email protected])  Squintani, Francesco (University of Warwick, UK, [email protected])  Sun, Yeneng (National University of Singapore, Singapore, [email protected])  Townsend, Robert (Massachusetts Institute of Technology, USA, [email protected])  Trockel, Walter (Bielefeld University, Germany, [email protected])  Villamil, Anne (University of Iowa, USA, [email protected])  Wooders, John (New York University Abu Dhabi, United Arab Emirates, [email protected])  Wooders, Myrna Vanderbilt University, USA, [email protected])  Yannelis, Nicholas (University of Iowa, USA, [email protected]) — Co-Chair  Zame, William (UCLA, USA, [email protected]) Local Organizing Committee:

 Pascoa, Mario (University of Surrey, UK, [email protected])

Session Organizers:

 Allouch, Nizar (University of Kent, UK, [email protected]), Public Goods and Networks  Alós-Ferrer, Carlos (University of Cologne, Germany, [email protected]), NeuroPsychoEconomics  Amir, Rabah (University Iowa, USA, [email protected]), Topics in Microeconomics  Araujo, Aloisio (Instituto Nacional de Matemática Pura e Aplicada, Brazil, [email protected]) and Gama, Juan Pablo (Instituto Nacional de Matemática Pura e Aplicada, Brazil, [email protected]), General Equilibrium, Bankruptcy and Taxes  Arkolakis, Costas (Yale University, USA, [email protected]), Cities and Trade, International Trade I, Diffusion, Growth and Trade, and Firms, Workers and Trade  Basile, Achille (University of Naples Federico II, Italy, [email protected]), and Polyrakis, Ioannis (National Technical University of Athens, Greece, [email protected]), Ordered Spaces and Infinite- dimensional Economies  Beker, Pablo (University of Warwick, UK, [email protected]), Advances on the Market Selection Hypothesis  Beviá, Carmen (Universitat Autònoma de Barcelona, Spain, [email protected]), Contests V  Bich, Philippe (PSE-University of Paris I, France, [email protected]), Topics in Economic Theory II  Bilancini, Ennio (University of Modena and Reggio Emilia, Italy, [email protected]) and Boncinelli, Leonardo (University of Florence, Italy, [email protected]), Evolution and Mistakes  Boyarchenko, Svetlana (University of Texas at Austin, USA, [email protected]) Model Uncertainty, Learning and Information Design  Camera, Gabriele (Chapman University, USA, [email protected]), Experimental Economics  Carmona, Guillherme (University of Surrey, UK, [email protected]), Discontinuous Games  Cerreia Vioglio, Simone (Bocconi University, Italy, [email protected]), Decision Theory II  Chateauneuf, Alain (PSE-University of Paris I, France, [email protected]) and Cornet, Bernard (PSE- University of Paris I & University of Kansas, France & USA, [email protected]), Finance and Decision  Chen, Yi-Chun (National University of Singapore, Singapore, [email protected]) and Luo, Xiao (National University of Singapore, Singapore, [email protected]), Topics in Game Theory I and Topics in Game Theory II  Chun, Youngsub (Seoul National University, Korea, [email protected]), Social Choice and Cooperative Game Theory  Citanna, Alessandro (Yeshiva University, USA, [email protected]) and Vailakis, Yiannis (University of Glasgow, UK, [email protected]), Dynamic General Equilibrium  Corchón, Luis Carlos (Universidad Carlos III de Madrid, Spain, [email protected]), Political Economy V  Correia-da-Silva, Joao (University of Porto, Portugal, [email protected]), Economics of Information  d'Aspremont, Claude (Université catholique de Louvain, Belgium, [email protected]) and Dos Santos Ferreira, Rodolphe (BETA - University of Strasbourg, France; Católica Lisbon School of Business and Economics, Portugal, [email protected]), Models of Household Decisions I and Models of Household Decisions II  Davilá, Julio (Université catholique de Louvain, Belgium, [email protected]) and Oikonomou, Rigas (Université catholique de Louvain, Belgium, [email protected]), Public Debt  Drugeon, Jean-Pierre (PSE-CNRS, France, [email protected]), Axiomatics of Temporal Preferences  Faias, Marta (Universidade Nova de Lisboa, Portugal, [email protected]), Topics in Economic Theory & Industrial Organization  Friedenberg, Amanda (Arizona State University, USA, [email protected]), Recent Advances in Economic Theory  Gottardi, Piero (European University Institute, Italy, [email protected]), Financial Markets  Graziano, Maria Gabriella (Università di Napoli Federico II, Italy, [email protected]) and Platino, Vincenzo (Università di Napoli Federico II, Italy, [email protected]), Equilibrium, Ambiguity and Externalities  Guo, Jang-Ting (University of California - Riverside, USA, [email protected]) and Lloyd-Braga, Teresa (Católica Lisbon School of Business and Economics, Portugal, [email protected]), Topics in Macroeconomics I  Grabisch, Michel (PSE-University of Paris I, France, [email protected]), Cooperative Games  Herings, Jean-Jacques (Maastricht University, The Netherlands, [email protected] ), Networks  Herkenhoff, Kyle (University of Minnesota, USA, [email protected]), Macro Perspectives  Hervés-Beloso, Carlos (University of Vigo, Spain, [email protected]), Games and General Equilibrium and Games and Equilibrium: Applications  Hörner, Johannes (Yale University, USA, [email protected]), Dynamic Games and Reputation

Session Organizers (Continued):  Hu, Tai-Wei (Northwestern University, USA, [email protected]), Mechanism Design and Monetary Theory  Imrohoroglu, Selahattin (University of Southern California, USA, [email protected]), Quantitative Macroeconomics  Kamihigashi, Takashi (Kobe University, Japan, [email protected]), Bubbles and Growth  Kaneko, Mamoru (Waseda Univeristy, Japan, [email protected]) and Kline, Jeffrey K. (University of Queensland, Australia, [email protected]), Foundational Issues in Game Theory and Preferences and Decisions  Kaplan, Todd R. (University of Exeter, UK, [email protected]), Behavioral and Experimental Economics I and Behavioral and Experimental Economics II  Kehoe, Timothy (University of Minnesota and Federal Reserve Bank of Minneapolis, USA, [email protected]), Applied Macroeconomic Theory, Households and Labor and Credit Markets, Industry Dynamics, International Capital Flows, International Trade II, and Sovereign Debt  Kesten, Onur (Carnegie Mellon University, USA, [email protected]), Matching  Kets, Willemien (Northwestern University, USA, [email protected]), Current Trends in Economic Theory  Kim, Kyungmin (Teddy) (University of Miami, USA, [email protected]), Applied Game Theory I, Applied Game Theory II and Search Theory  Kojima, Fuhito (Stanford University, USA, [email protected]) Matching Theory and Market Design I and Matching Theory and Market Design II  Koutsougeras, Leonidas (University of Manchester, UK, [email protected]), Games and Markets  Krebs, Tom (University of Mannheim, Germany, [email protected]), Macroeconomics and Inequality  Livshits, Igor (University of Western Ontario, Canada, [email protected]), Financial Intermediation and Macro I, Financial Intermediation and Macro II, and Topics in Macroeconomics IV  Loch-Temzelides, Ted P. (Rice University, USA, [email protected]), Technology, the Environment, and Policy  Manzini, Paola (University of St. Andrews, UK, [email protected]) and Mariotti, Marco (Queen Mary University of London, UK, [email protected]), Bounded Rationality  McLean, Richard (Rutgers University, USA, [email protected]), Topics in Game Theory III  Mezzetti, Claudio (University of Queensland, Australia, [email protected]), Information and Incentives  Moreno, Diego (Universidad Carlos III de Madrid, Spain, [email protected]) and Wooders, John (New York University Abu Dhabi, United Arab Emirates, [email protected]), Markets with Adverse Selection: Performance and Policy Intervention  Moreno-Garciá, Emma (Universidad de Salamanca, Spain, [email protected]), Topics in Economic Theory I  Moreno-Ternero, Juan D. (Universidad Pablo de Olavide, Spain, [email protected]) and Moulin, Hervé (University of Glasgow, Scotland, [email protected]), Fair Distribution and Fair Distribution and Mechanism Design  Nachbar, John (Washington University - St. Louis, USA, [email protected]), Theory and Experiment  Page, Frank (Indiana University, USA, [email protected]), Financial Networks and Systemic Risk  Pascoa, Mario (University of Surrey, UK, [email protected]), TBA  Penta, Antonio (University of Wisconsin, USA, [email protected]), Bounded Reasoning and Coordination  Prescott, Edward C. (Australian National University, Australia and Arizona State University, USA, [email protected]) and Nicholas Yannelis (University of Iowa, USA, [email protected]), Economic Theory III  Prescott, Edward Simpson (Federal Reserve Bank of Cleveland, USA, [email protected]), Topics in Financial Economics  Prokopovych, Pavlo (Kyiv School of Economics, Ukraine, [email protected]) and Nicholas Yannelis (University of Iowa, USA, [email protected]), Economic Theory II  Puzzello, Daniela (Indiana University, USA, [email protected]) Preliminary Title: Monetary Theory  Quintin, Erwan (University of Wisconsin - Madison, USA, [email protected]), Advances in Macro- Finance  Quinzii, Martine (University of California - Davis, USA, [email protected]), Equilibrium Models of Banking  Reffett, Kevin (Arizona State University, USA, [email protected]) and Wozny, Lukasz (Warsaw School of Economics, Poland, [email protected]), Advances in Dynamic General Equilibrium and Complementarities and Games  Riedel, Frank (Bielefeld University, Germany, [email protected]), Ambiguity in Games and Dynamic Decisions  Rincon-Zapatero, Juan Pablo (Universidad Carlos III de Madrid, Spain, [email protected]) Dynamic Programming  Ritzberger, Klaus (Royal Holloway, University of London, UK [email protected]), Game Theory and Applications  Roberson, Brian (Purdue University, USA, [email protected]) and Kovenock, Dan (Chapman University, USA, [email protected]), Contests I, Contests II, Contests IIII, and Contests IV Session Organizers (Continued):  Roy, Santanu (Southern Methodist University, USA, [email protected]), Dynamic Models of Environment and Natural Resources and Information Frictions and Markets  Rusinowska, Agnieszka (PSE-University of Paris I, France, [email protected]), Social and Economic Networks I and Social and Economic Networks II  Selden, Larry (Columbia University, USA, [email protected]) and Nicholas Yannelis (University of Iowa, USA, [email protected]), Economic Theory I  Skreta, Vasiliki (University of College London, UK, [email protected]), Mechanism and Information Design I and Mechanism and Information Design II  Squintani, Francesco (University of Warwick, UK, [email protected]), Ponsati, Clara (University of St. Andrews, UK, [email protected]), and Dhillon, Amrita (King's Collge London, UK, [email protected]), Political Economy I, Political Economy II, Political Economy III, Political Economy IV  Stecher, Jack (Carnegie Mellon University, USA, [email protected]), Decision Theory  Stinchcombe, Maxwell (University of Texas at Austin, USA, [email protected]), Updating in the Presence of Ambiguous Beliefs  Sun, Yeneng (National University of Singapore, Singapore, [email protected]), Mathematical Economics I and Mathematical Economics II  Taub, Bart (Glasgow University, Scotland, [email protected]), Market Microstructure Theory  Townsend, Robert (Massachusetts Institute of Technology, USA, [email protected]), Networks, Space and Cities in General Equilibrium  Trockel, Walter (Bielefeld University, Germany, [email protected]), Game Theory and Competition  Tvede, Mich (Newcastle University, UK, [email protected]), Economic Dynamics  Unver, M. Ütku (Boston College, USA, [email protected]), Theory and Practice of Matching Markets  Venditti, Alain (Aix-Marseille Université, France, [email protected]), Macroeconomic Dynamics I and Macroeconomic Dynamics II  Villamil, Anne (University of Iowa, USA, [email protected]), Topics in Macroeconomics II and Topics in Macroeconomics III  Wenzelburger, Jan (University of Kaiserslautern, Germany and University of Liverpool, UK, [email protected]), The Economics of Banking  Wooders, Myrna (Vanderbilt University, USA, [email protected]), Topics in Mechanism Design  Xiong, Siyang (University of Bristol, UK, [email protected]), Mechanism Design, Fair Division and Dynamic Information Acquisition  Yannelis, Constantine (New York University, USA, [email protected]), Household Finance  Zank, Horst (University of Manchester, UK, [email protected]), Time Preferences: Theory and Applications  Zapechelnyuk, Andy (University of Glasgow, UK, [email protected]), Communication and Persuasion

Plenary Session Details (All Plenary talks will be in Rooms DaVinci A and B combined)

 Sunday, June 25th: 12:00 – 1:00 pm

David Cass Lecture: Chair: Bernard Cornet

Speaker: Hervé Moulin (University of Glasgow)

Title: Fair Division: from theory to practice

 Monday, June 26th: 12:00 – 1:00 pm

Presidential Lecture: Chair: Edward C. Prescott

Speaker: Robert Townsend (Massachusetts Institute of Technology)

Title: Financial Centrality and the Value of Named Traders

 Tuesday, June 27th: 12:00 – 1:00 pm

Sir John Hicks Lecture: Chair: Claude d’Aspremont

Speaker: Peter J. Hammond (University of Warwick)

Title: Efficiently Regulated Insurance Markets with Adverse Selection and Many Goods

 Thursday, June 29th: 12:00 – 1:00 pm

Gerard Debreu Lecture: Chair: Timothy Kehoe

Speaker: David Levine (European University Institute)

Title: Why Pollsters are Wrong, Lobbyists Win, and Cartels Lose

 Friday, June 30th: 12:00 – 1:00 pm Chair: Aloisio Araujo

Lionel McKenzie Lecture:

Speaker: Itzhak Gilboa (Tel Aviv University and HEC, Paris)

Title: Second-Order Induction and the Importance of Precedents Special Session Room: DaVinci A and B combined

 Wednesday, June 28th: 12:00 – 1:00 pm

Kenneth Arrow and Economic Theory Chair: Robert Townsend

Speaker 1: Peter Hammond (University of Warwick and Stanford University)

Speaker 2: Paul Milgrom (Stanford University)

Speaker 3: Herakles Polemarchakis (University of Warwick) Aliprantis Prize Lecture Room: DaVinci C

 Wednesday, June 28th: 2:30-3:30 pm

Aliprantis Prize Lecture: Chair: Achille Basile

Speaker: Shengwu Li (Harvard University)

Title: Simple and Believable Mechanisms Day 1 Sunday, June 25

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Experimental Public Goods Financial Networks Theory and Practice of Technology, Applied Game Model Uncertainty, Economics and Netowrks & Systems Risk Matching Markets the Environment Theory I Learning and and Policy Information Design 9:30‐11:30 am

Gabriele Camera Nizar Allouch Marco Van der Leij Utku Unver Ted Loch‐Temzelides Kyungmin (Teddy) Kim Svetlana Boyarchenko

11:30‐12:00 pm COFFEE BREAK 12:00‐1:00 pm Plenary Talk ‐ David Cass Lecture: Hervé Moulin (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Behavioral and Fair Distribution Networks Mathematical Bounded Rationality Applied Game Economic Dynamics Experimental Economics I Theory II Economics I 2:30‐4:30 pm

Todd R. Kaplan Juan D. Moreno and Jean Jacques‐Herings Yeneng Sun Paola Manzini and Kyungmin (Teddy) Kim Mich Tvede Hervé Moulin Marco Mariotti

4:30‐5:00 pm COFFEE BREAK Behavioral and Mechanism Deisgn, Fair Public Debt Mathematical Bounded Reasoning Search Theory Macro Perspectives Experimental Division and Dynamic Economics II and Coordination Economics II Information Acquisition 5:00‐7:00 pm

Todd R. Kaplan Siyang Xiong Julio Dávila Yeneng Sun Antonio Penta Kyungmin (Teddy) Kim Kyle Herkenhoff Day 2 Monday, June 26

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Economic Theory I Networks, Space Equilibrium Models Market Topics in Bubbles and Growth Topics in Game and Cities in of Banking Microstructure Theory Macroeconomics I Theory I General Equilibrium 9:30‐11:30 am

Larry Selden Robert Townsend Michael Magill Bart Taub Jang‐Ting Guo Takashi Kamihigashi Yi‐Chun Chen and Nicholas Yannelis and Xiao Luo

11:30‐12:00 pm COFFEE BREAK

12:00‐1:00 pm Plenary Talk ‐ Presidential Lecture: Robert Townsend (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Economic Theory II Money Markets Markets with Contests I Macroecnomics Mechanism and Topics in Game Adverse Selections: and Inequality Information Design I Theory II Performance and Policy

2:30‐4:30 pm Intervention

Pavlo Prokopovych Mario Pascoa Diego Moreno and John Dan Kovenock Tom Krebs Vasiliki Skreta Yi‐Chun Chen and Nicholas Yanellis Wooders and Brian Roberson and Xiao Luo

4:30‐5:00 pm COFFEE BREAK Economic Theory III Households and Labor Advances on the Contests II Advances in Mechanism and Social Choice and and Credit Markets Market Selection Macro‐Finance Information Design II Cooperative Game Hypothesis Theory 5:00‐7:00 pm

Edward C. Prescott Tim Kehoe Pablo Beker Dan Kovenock Erwan Quintin Vasiliki Skreta Youngsub Chun and Nicholas Yannelis and Brian Roberson

Day 3 Tuesday, June 27

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Fair Distribution Theory Dynamic Models of Contests III Dynamic General Topics in NeuroPsychoEconomics and Mechanism and Experiment Environment and Equilibrium Macroeconomics II

Design Natural Resources

9:30‐11:30 am

Juan D. Moreno and John Nachbar Santanu Roy Dan Kovenock Alex Citanna Anne Villamil Carlos Alos‐Ferrer Hervé Moulin and Brian Roberson and Yiannis Vailakis

11:30‐12:00 pm COFFEE BREAK

12:00‐1:00 pm Plenary Talk ‐ Sir John Hicks Lecture: Peter J. Hammond (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Social and Economic Industry Dynamics Models of Household Contests IV Games and Topics in Political Economy I Networks I Decisions I General Equilibrium Macroeconomics III

2:30‐4:30 pm

Agnieszka Rusinowska Tim Kehoe Claude D'Aspremont & Rodolphe Dan Kovenock Carlos Herves‐Beloso Anne Villamil Francesco Squintani Dos Santos Ferreira and Brian Roberson and Clara Ponsati

4:30‐5:00 pm COFFEE BREAK Social and Economic Economics of Models of Household Contests V Games and Evolution and Political Economy II Networks II Information Decisions II Equilibrium: Mistakes Applications

5:00‐7:00 pm

Agnieszka Rusinowska Joao Correia da Silva Claude D'Aspremont & Rodolphe Carmen Bevia Carlos Herves‐Beloso Ennio Bilanci and Francesco Squintani Dos Santos Ferreira Leonardo Boncinelli and Clara Ponsati Day 4 Wednesday, June 28

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Advances in Dynamic International Trade I Decision Theory Time Preferences: Foundational Issues Topics in Economic Political Economy III General Equilibrium Theory and in Game Theory Theory Applications 9:30‐11:30 am

Kevin Reffett Costas Arkolakis Jack Stecher Horst Zank Mamoru Kaneko Emma Moreno‐Garciá Francesco Squintani and Lukasz Wozny and Clara Ponsati

11:30‐12:00 pm COFFEE BREAK

12:00‐1:00 pm Special Session: Kenneth Arrow and Economic Theory (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Financial International Trade II Aliprantis Prize Lecture Preferences and Ambiguity in Games Current Trends in Political Economy IV Intermediation and Shengwu Li (2:30‐3:30 PM) Decisions and Dynamic Decisions Economic Theory Macro I Si_m_pl_e_an_d_B_el_ie_va_b_le_M_e_ch_a_ni_sms The Economics of 2:30‐4:30 pm Banking (3:30‐4:30)

Igor Livshits Tim Kehoe Jan Wenzelburger Mamoru Kaneko Frank Riedel Willemien Kets Francesco Squintani and Clara Ponsati 4:30‐5:00 pm COFFEE BREAK International Cities and Trade Ordered Spaces and Axiomatics of Discontinuous Games Quantitative Political Economy V Capital Flows Infinite‐dimensional Temporal Preferences Macroeconomics Economies 5:00‐7:00 pm

Tim Kehoe Costas Arkolakis Achille Basile Jean‐Pierre Drugeon Guillherme Carmona Selo Imrohoroglu Luis Carlos Corchon Day 5 Thursday, June 29

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Macroeconomic Applied Information Frictions Matching Cooperative Games Topics in Financial Markets Dynamics I Macroeconomic and Markets Mechanism Design Theory 9:30‐11:30 am

Alain Venditti Tim Kehoe Santanu Roy Onur Kesten Michel Grabisch Myrna Wooders Piero Gottardi

11:30‐12:00 pm COFFEE BREAK

12:00‐1:00 pm Plenary Talk ‐ Gerard Debreu Lecture: David Levine (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Macroeconomic Sovereign Debt Household Finance Matching Theory and Game Theory and Mechanism Design & Diffusion, Growth & Dynamics II Market Design I Competition Monetary Theory Trade

2:30‐4:30 pm

Alain Venditti Tim Kehoe Constantine Yannelis Fuhito Kojima Walter Trockel Tai Wei Hu Costas Arkolakis

4:30‐5:00 pm COFFEE BREAK Topics Information and Financial Matching Theory and Finance and Communication and Firms, Workers in Incentives Intermediation and Market Design II Decision Persuasion & Trade Microeconomics Macro II 5:00‐7:00 pm

Rabah Amir Claudio Mezzetti Igor Livshits Fuhito Kojima Alain Chateauneuf Andy Zapechelnyuk Costas Arkolakis and Bernard Cornet Day 6 Friday, June 30

Room 1: DaVinci A Room 2: DaVinci B Room 3: DaVinci C Room 4: Dali Room 5: Monet Room 6: Van Gogh Room 7: Matisse Recent Advances in Topics in Financial Complementarities Games and Dynamic Games Equilibrium, Ambiguity Topics in Economic Economic Theory Economics and Games Markets and Reputation and Externalities Theory II

9:30‐11:30 am

Amanda Freidenberg Edward S. (Ned) Kevin Reffett Leonidas Johannes Hörner Maria Gabriella Graziano and Philippe Bich Prescott and Lukasz Wozny Koutsougeras Vincenzo Platino

11:30‐12:00 pm COFFEE BREAK

12:00‐1:00 pm Plenary Talk ‐ Lionel McKenzie Lecture: Itzhak Gilboa (Room: DaVinci A+B) 1:00‐2:30 pm LUNCH Topics in Economic Topics in Topics in Game Theory and Dynamic Programming Updating General Equilibrium, Theory & Industrial Macroeconomics IV Game Theory III Applications in the Presence of Bankruptcy and Organization Ambiguous Beliefs Taxes 2:30‐4:30 pm

Marta Faias Igor Livshits Rich McLean Klaus Ritzberger Juan Pablo Maxwell Stinchcombe Aloisio Araujo Rincon Zapatero and Juan Pablo Gama

4:30‐5:00 pm BREAK Decision Theory II

5:00‐7:00 pm

Simone Cerreia Vioglio PARALLEL SESSION DETAILS Presenting authors are listed first.

SUNDAY, JUNE 25

Sunday, June 25th 9:30-11:30 am Sessions ***************************************************************************** Experimental Economics Room: DaVinci A Organizer(s): Gabriele Camera, Chair: Maria Bigoni Presenter Title David Rojo Arjona (University of Leicester, UK, [email protected]) A method to evaluate the significance and power of the Daniel Fragiadakis (Texas A&M University, USA) level-k family Ada Kovaliukaite (Texas A&M University, USA) Felix Holzmeister (University of Innsbruck, Austria, On the reproducibility of experimental results in [email protected]) economics Yaroslav Rosokha (Purdue University, USA, Constructing Strategies in the Indefinitely Repeated [email protected]) Prisoner's Dilemma Game Julia Romero (Univerisity of Arizona, USA) Maria Bigoni (University of Bologna, Italy, [email protected]) Chloé le Coq (SITE, Stockholm School of Economics, Sweden) Coordination and inequality: an experiment Mario Blazquez de Paz (IFN: Research Institute of Industrial Economics, Sweden)

Public Goods and Networks Room: DaVinci B Organizer(s): Nizar Allouch Presenter Title Ignacio Monzón (Collegio Carlo Alberto, Italy, Cooperation in Social Dilemmas through Position [email protected]) Uncertainty Andrea Gallice (Collegio Carlo Alberto, Italy) João Ramos (University of Southern California, USA, [email protected]) Repeated Delegation Elliot Lipnowski (University of Chicago, USA) Matthew Leister (Monash University, Australia, [email protected]) Coordination on Networks Yves Zenou (Monash University, Australia) Junjie Zhou (National University of Singapore, Singapore) Nizar Allouch (University of Kent, UK, [email protected]) Strategic Default in Financial Networks Maya Jalloul (Queen Mary, University of London, UK)

Sunday, June 25th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Financial Networks and Systemic Risk Room: DaVinci C Organizer(s): Frank Page, Chair: Marco Van der Leij Presenter Title Marco Van der Leij (University of Amsterdam, The The formation of a core-periphery structure in Netherlands, [email protected]) heterogeneous financial networks Péter Csóka (Corvinus University of Budapest, Hungary, [email protected]) Decentralized Clearing in Financial Networks P. Jean-Jacques Herings (Maastricht University, The Netherlands)

Theory and Practice of Matching Markets Room: Dali Organizer(s): Utku Unver Presenter Title Laura Doval (Yale University and California Institute of A Theory of Stability in Dynamic Matching Markets Technology, USA, [email protected]) Eun Jeong Heo (Vanderbilt University, USA, Financial Aids in College Admissions: Need-based [email protected]) versus Merit-based Camille Terrier (Massachusetts Institute of Technology, USA, [email protected]) The Design of Teacher Assignment: Theory and Julien Combe (Paris School of Ecnomics, France) Evidence Olivier Tercieux (Paris School of Economics, France) Camille Terrie (Paris School of Economics, France) Utku Unver (Boston College, USA, [email protected]) Haluk Ergin (University of California, Berkeley, USA) Efficient and Incentive Compatible Liver Exchange Tayfun Sönmez (Boston College, USA)

Technology, the Environment, and Policy Room: Monet Organizer(s): Ted Loch-Temzelides Presenter Title Alessia Russo (University of Oslo, Norway, [email protected]) Compliance Technology and Self-Enforcing Bard Harstad (University of Oslo, Norway) Agreements Francesco Lancia (University of Vienna, Austria) Grace B. Li (International Monetary Fund, USA, [email protected]) Ricardo Marto (International Monetary Fund) Investing in Public Infrastructure: Roads or Schools Giovanni Melina (International Monetary Fund, USA) Manoj Atolia (Florida State University, USA) Bernardino Adão (Banco de Portugal, Portugal, [email protected]) The Effect of Firm Cash Holdings on Monetary Policy Andre C. Silva (Universidade Nova de Lisboa, Portugal) Ted Loch-Temzelides (Rice University, USA, [email protected]) Renewable Technology Adoption and the Bernardino Adão (Banco de Portugal, Portugal) Macroeconomy Borghan Narajabad (Federal Reserve Board, USA)

Sunday, June 25th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Applied Game Theory I Room: Van Gogh Organizer(s): Kyungmin (Teddy) Kim Presenter Title George Georgiadis (Northwestern University, USA, Simple Optimal Contracts with a Risk-Taking [email protected]) Aniko Öry (Yale University, USA, [email protected]) Zvika Neeman (Tel Aviv University, Israel) The Benet of Collective Reputation Jungju Yu (Yale University, USA) Tymofiy Mylovanov (University of Pittsburgh, USA, [email protected]) Anton Kolotilin (University of New South Wales, Australia) Persuasion of a privately informed receiver Andriy Zapechelnyuk (University of Glasgow, UK) Ming Li (Concordia University, USA) Kyungmen (Teddy) Kim (University of Miami, USA, [email protected]) Bayesian Persuasion and Moral Hazard Raphael Boleslavsky (University of Miami, USA)

Model Uncertainty, Learning and Information Design Room: Matisse Organizer(s): Svetlana Boyarchenko Presenter Title Yingni Guo (Northwestern University, USA, [email protected]) Modes of Persuasion Toward Unanimous Consent Arjada Bardhi (Northwestern University, USA) Jacco Thijssen (University of York, UK, [email protected]) Singular Stochastic Control with Ambiguity Tobias Hellmann (Bielefeld University, Germany) Nicolas Klein (University of Montreal, Canada, [email protected]) Strongly Symmetric Equilibria in Bandit Games Johannes Hörner (Yale University, USA) Sven Rady (University of Bonn, Germany) Svetlana Boyarchenko (University of Texas at Austin, USA, Strategic Experimentation with Humped Bandits [email protected])

Sunday, June 25th 2:30-4:30 pm Sessions ***************************************************************************** Behavioral and Experimental Economics I Room: DaVinci A Organizer(s): Todd R. Kaplan Presenter Title Jason Shachat (Durham University, UK, Behind the Veil of Ignorance: Risk Aversion or [email protected]) Inequality Aversion? Xu Yan ( Erasmus University Rotterdam, The Netherlands) Jan Auerbach (University of Exeter Business School, UK, [email protected]) Preordered Service in Contract Enforcement Miguel Fonseca (University of Exeter Business School, UK) Matthias Stefan (Leopold-Franzens Universitat, Austria, [email protected]) Felix Holzmeister (Leopold-Franzens Universitat, Austria) Discrimination in the Finance Industry Alexander Mullauer (Leopold-Franzens Universitat, Austria) Michael Kirchler (Leopold-Franzens Universitat, Austria and University of G̈ oteborg, Sweden)

Fair Distribution Room: DaVinci B Organizer(s): Juan D. Moreno-Ternero and Hervé Moulin, Chair: Hervé Moulin Presenter Title Yan Long (New York University Abu Dhabi , UAE, Equal quantile rules in allocation with uncertain [email protected]) demands Karol Szwagrzak-Flores (University of Southern Denmark, Priority and proportionality in bankruptcy Denmark, [email protected]) Gustavo Bergantiños (Universidad de Vigo, Spain, Cooperative and axiomatic approaches to the [email protected]) knapsack allocation problem Juan D. Moreno-Ternero (Universidad Pablo de Olavide, An Aristotelian/Talmudic approach to solving claims Spain, [email protected]) problems

Networks Room: DaVinci C Organizer(s): P. Jean-Jacques Herings Presenter Title Ana Mauleon (Université Saint-Louis - Bruxelles and CORE, Belgium, [email protected]) P. Jean-Jacques Herings (Maastricht University, The Matching with Myopic and Farsighted Players Netherlands) Vincent Vannetelbosch (University of Louvain and National Fund for Scientific Research, Belgium) Mariya Teteryatnikova (National Research University Higher Cautious Farsighted Stability in Network Formation School of Economics, Russia, Games with Streams of Payoffs [email protected]) Riccardo Saulle (Maastricht University, The Netherlands, [email protected]) P. Jean-Jacques Herings (Maastricht University, The The Myopic Stable Set for Social Environments Netherlands) Christian Seel (Maastricht University) P. Jean-Jacques Herings (Maastricht University, The An Axiomatization of the Proportional Rule in Netherlands, [email protected]) Financial Networks Péter Csóka (Corvinus University of Budapest, Hungary) Sunday, June 25th 2:30-4:30 pm Sessions (Continued) ************************************************************************************************** Mathematical Economics I Room: Dali Organizer(s): Yeneng Sun Presenter Title Hyeng Keun Koo (Ajou University, Korea, [email protected]) Endogenous credit constraints: the bridge between Kyoung Jin Choi (University of Calgary, Canada) consumption and portfolio choice and optimal Byunghwa Lim (Suwon University, Korea) contracting Jane Yoo (Ajou University, Korea) Yongchao Zhang (Shanghai University of Finance and Economics, China, [email protected]) Weak stability and Pareto efficiency in school choice Qianfeng Tang (Shanghai University of Finance and Economics, China) Nobusumi Sagara (Hosei University, Japan, Relaxed large economies with infinite-dimensional [email protected]) commodity spaces: the existence of Walrasian M. Ali Khan (Johns Hopkins University, USA) equilibria Yeneng Sun (National University of Singapore, Singapore, [email protected]) Dynamic games with almost perfect information Wei He (Chinese University of Hong Kong, China)

Bounded Rationality Room: Monet Organizer(s): Paola Manzini and Marco Mariotti, Chair: Marco Mariotti Presenter Title Emanuel Vespa (University of California at Santa Barbara, Contingent Preferences and the Sure-Thing Principle: USA, [email protected]) Revisiting Classic Anomalies in the Laboratory Ignacio Esponda (Washington University at St. Louis, USA) Koji Shirai (Kwansei Gakuin University, Japan, [email protected]) Limited consideration and limited data Yuta Inoue (Waseda University, Japan) Paola Manzini (University of St Andrews, UK, [email protected]) Inferring Cognitive Heterogeneity from Aggregate Valentino Dardanoni (University of Palermo, Italy) Choices Marco Mariotti (Queen Mary University of London, UK) Christopher J. Tyson (Queen Mary University of London, UK)

Sunday, June 25th 2:30-4:30 pm Sessions (Continued) ************************************************************************************************** Applied Game Theory II Room: Van Gogh Organizer(s): Kyungmin (Teddy) Kim, Chair: Yingni Guo Presenter Title

Doron Ravid (University of Chicago, United States, [email protected]) Cheap talk with transparent motives Elliot Lipnowski (University of Chicago, USA)

Braz Camargo (Sao Paulo School of Economics, Brazil, [email protected]) Walrasian Lemons Markets Bruno Barsanetti (Northwestern University, USA)

Youngwoo Koh (Hanyang University, South Korea, [email protected]) Learning Rival's Information in Interdependent Value Jinwoo Kim (Seoul National University, South Korea)

Yingni Guo (Northwestern University, United States, [email protected] ) The Interval Structure of Optimal Disclosure Eran Shmaya (Northwestern University, USA)

Economic Dynamics Room: Matisse Organizer(s): Mich Tvede Presenter Title Jong Shin (Newcastle University, UK, [email protected]) Diemo Dietrich (Newcastle University, UK) Debt constraints and monetary policy Mich Tvede (University of East Anglia, UK) Labib Shami (University of Haifa, Israel, Dynamic Monetary Equilibrium with Non-Observed [email protected]) Economy and Shapley and Shubik's Price Mechanism Debt and money in overlapping generations Mich Tvede (University of East Anglia, UK, [email protected]) economies

Sunday, June 25th 5:00 – 7:00 pm Sessions ***************************************************************************** Behavioral and Experimental Economics II Room: DaVinci A Organizer(s): Todd R. Kaplan Presenter Title Lawrence Choo (University of Erlangen-Nuremberg, Germany, [email protected]) Veronika Grimm (University of Erlangen-Nuremberg, Are females more (or less) likely to blow the whistle? Germany) An experimental study Gergely Horvarth (University of Erlangen-Nuremberg, Germany) Kohei Nitta (University of Erlangen-Nuremberg, Germany) Alexander Ritschel (University of Cologne, Germany, [email protected]) Performance Curiosity Carlos Alós-Ferrer (University of Cologne, Germany) Jaume García-Segarra (University of Cologne, Germany) Todd R. Kaplan (Haifa University, Israel, and University of Exeter, UK, [email protected]) Bank Runs, Information, and Regulatory Surajeet Chakravarty (University of Exeter, UK) Communication: An Experimental Analysis Miguel Fonseca (University of Exeter, UK)

Mechanism Design, Fair Division and Dynamic Information Acquisition Room: DaVinci B Organizer(s): Siyang Xiong, Chair: Weijie Zhong Presenter Title

Siyang Xiong (University of Bristol, UK, Designing (BREXIT) Referendum: An Economist’s [email protected]) Pessimistic Perspective

On the Equivalence of Bilateral and Collective Yu Chen (University of Graz, Austria, [email protected]) Mechanism Design

Jingyi Xue (Singapore Management University, Singapore, Fair division with uncertain needs [email protected])

Weijie Zhong (Columbia University, USA, Optimal Dynamic Information Acquisition [email protected])

Sunday, June 25th 5:00 – 7:00 pm Sessions ***************************************************************************** Public Debt Room: DaVinci C Organizer(s): Julio Dávila and Rigas Oikonomou, Chair: Rigas Oikonomou Presenter Title Anmol Bhandari (University of Minnesota, USA, The optimal maturity of government debt [email protected]) Stefano Gnocchi (Bank of Canada, Canada, sgnocchi@bank- banque-canada.ca) Monetary commitment and the level of public debt Luisa Lambertini (École Polytechnique Fédérale de Lausanne, Switzerland) Rigas Oikonomou (Université catholique de Louvain, Belgium, [email protected]) Elisa Faraglia (University of Cambridge, UK) Long term government bonds Albert Marcet (Barcelona GSE, Spain) Andrew Scott (London Business School, UK)

Mathematical Economics II Room: Dali Organizer(s): Yeneng Sun, Chair: Wei He Presenter Title Lei Qiao (Shanghai University of Finance and Economics, China, [email protected]) Dynamic directed random matching Darrell Duffie (Stanford University, USA) Yeneng Sun (National University of Singapore, Singapore) Yang Sun (National University of Singapore, Singapore, [email protected]) Generic equivalence between perfectly and Xiao Luo (National University of Singapore, Singapore) sequentially rational strategic behaviour Xuewen Qian (National University of Singapore, Singapore) Bin Wu (National University of Singapore, Singapore, [email protected]) Wei He (Chinese University of Hong Kong, China) Large economies with social types Yeneng Sun (National University of Singapore, Singapore) Nicholas Yannelis (University of Iowa, USA) Xiang Sun (Wuhan University, China, [email protected] Wei He (Chinese University of Hong Kong, China) Pure-strategy equilibrium in general Bayesian games Yeneng Sun (National University of Singapore, Singapore) Yishu Zeng (University of Michigan, USA)

Sunday, June 25th 5:00 – 7:00 pm Sessions (Continued) ***************************************************************************** Bounded Reasoning and Coordination Room: Monet Organizer(s): Antonio Penta, Chair: Larbi Alaoui Presenter Title Willemien Kets (MEDS, Northwestern University, USA, w- [email protected]) Bounded Reasoning: Rationality or Cognition Amanda Friedenberg (Arizona State University, USA) Terri Kneeland (University College London, UK) Ennio Bilancini (Università degli Studi di Modena e Reggio Emilia, Italy, [email protected]) A Social Heuristics Hypothesis for the Stag Hunt: Marianna Belloc (Sapienza University of Rome, Italy) Fast- and Slow-Thinking Hunters in the Lab Leonardo Boncinelli (University of Florence, Italy) Simone D'Alessandro (University of Pisa, Italy) Johannes Buckenmaier (University of Cologne, Germany, [email protected]) Cognitive Sophistication and Response Times Carlos Alós-Ferrer (University of Cologne, Germany) Larbi Alaoui (Universitat Pompeu Fabra and Barcelona GSE, Spain, [email protected] ) Sophistication and Coordination Antonio Penta (University of Wisconsin, USA)

Search Theory Room: Van Gogh Organizer(s): Kyungmin (Teddy) Kim, Chair: Jim Albrecht Jim Albrecht Presenter Title Andrew Rhodes (Toulouse School of Economics, France, [email protected]) Makoto Watanabe (Vrije Universiteit Amsterdam, The Multiproduct intermediaries Netherlands) Jidong Zhou (Yale University, USA) Francesco Palazzo (Bank of Italy, Italy, The double bind of asymmetric information in over- [email protected]) the-counter markets Taneli Makinen (Bank of Italy, Italy) Serene Tan (National University of Singapore, Singapore, Income Heterogeneity and Product Quality Choice [email protected]) Jim Albrecht (Georgetown University, USA, [email protected]) Bruno Decreuse (Aix-Marseille University, CNRS, EHESS and Directed Search and Phantom Vacancies Centrale Marseille, France) Susan Vroman (Georgetown University and IZA, USA)

Sunday, June 25th 5:00 – 7:00 pm Sessions (Continued) ***************************************************************************** Macro Perspectives Room: Matisse Organizer(s): Kyle Herkenhoff Presenter Title Ana Araujo (University of Minnesota, USA, Wage Inequality and Job Stability [email protected]) Henry Hyatt (, USA, [email protected]) Cyclical Labor Market Sorting Felicia Ionescu (Federal Reserve Board, USA, Stock Market Participation: The Role of Human [email protected]) Capital Matthias Meier (University of Bonn, Germany, Time to Build and the Business Cycle [email protected])

MONDAY, JUNE 26

Monday, June 26th 9:30-11:30 am Sessions ***************************************************************************** Economic Theory I Room: DaVinci A Organizer(s): Larry Selden and Nicholas Yannelis, Chair: Larry Selden Presenter Title Alex Zimper (University of Pretoria, South Africa, Rationalizable information equilibria [email protected]) Ben Golub (Harvard University, USA, [email protected]) Higher-Order Expectations Larry Selden (Columbia University, USA, Dynamic OCE Utility [email protected])

Networks, Space and Cities in General Equilibrium Room: DaVinci B Organizer(s): Robert M. Townsend Presenter Title Mathieu Taschereau-Dumouchel (Wharton School of the Cascades and Fluctuations in an Economy with an University of Pennsylvania, USA, [email protected]) Endogenous Production Network Yan Ji (Hong Kong University of Science and Technology, Bank Branch Expansion vs International Capital Hong Kong, [email protected]) Flows: Integrating Local Spatial Markets with Macro Robert M. Townsend (Massachusetts Institute of Technology, Aggregates USA) Alessandra Fogli (Bocconi University, Italy, [email protected]) The End of the American Dream? Inequality and Veronica Guerrieri (University of Chicago, Booth School of Segregation in US cities Business, USA) Edouard Schaal (Universitat Pompeu Fabra, Spain, [email protected]) Optimal Transport Networks in Spatial Equilibrium Pablo D. Fajgelbaum (University of California, Los Angeles, USA)

Equilibrium Models of Banking Room: DaVinci C Organizer(s): Martine Quinzii, Chair: Michael Magill Presenter Title Roberto Robatto (University of Wisconsin-Madision, USA, Bank runs, fire sales and equity injection [email protected]) Martin Hellwig (Max Planck Institute for Research on Liquidity provision and equity funding of banks Collective Goods, Germany, [email protected]) Michael Magill (University of Southern California, USA, Unconventional monetary policy and the safety of the [email protected]) banking system Martine Quinzii (University of California, Davis, USA)

Monday, June 26th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Market Microstructure Theory Room: Dali Organizer(s): Bart Taub Presenter Title Anna Obezhaeva (New Economic School, Moscow, Russian Dimensional Analysis, Leverage Neutrality, and Federation, [email protected]) Market Microstructure Invariance Albert S. (Pete) Kyle (University of Maryland, USA) Christian Julliard (London School of Economics and Political Derivative Market Imbalances (or what Makes Science, UK, [email protected]) Markets Smile) Alex Garivaltis (University of Minnesota, USA, Learning to Trade Prophetically [email protected]) Bart Taub (University of Glasgow, UK, [email protected]) Alex Boulatov (National Research University Higher School of High-frequency trading and market quality Economics, Russia) Tom George (University of Houston, USA)

Topics in Macroeconomics I Room: Monet Organizer(s): Jang-Ting Guo, Chair: Teresa Lloyd-Braga Presenter Title Alok Johri (McMaster University, Canada, [email protected]) News, Intermediation Cost Shocks and US Business Christopher Gunn (Carleton University, Canada) Cycles Marc-Andre Letendre (McMaster University, Canada) Jinill Kim (Korea University, Korea, [email protected]) Jia Pan (Fudan University, China) Capacity Utilization and Indeterminacy: A Tale of Yan Zhang (Shanghai University of Economics and Finance, Two Utility Functions China) Teresa Lloyd-Braga (Católica Lisbon School of Business and Economics, Portugal, [email protected]) Antoine Le Riche (Sichuan University; CAC – IXXI, Complex Taste for Variety in a Two-Country Model Systems Institute, China;France) Leonor Modesto (Católica Lisbon School of Business and Economics; IZA, Portugal; Germany)

Monday, June 26th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Bubbles and Growth Room: Van Gogh Organizer(s): Takashi Kamihigashi, Chair: Tarishi Matsuoka Presenter Title Thomas Seegmuller (GREQAM, France, Growth and bubbles: the interplay between productive [email protected]) investment and the cost of rearing children Xavier Raurich (University of Bercelona, Spain) Tarishi Matsuoka (Tokyo Metropolitan University, Japan, [email protected]) Asset bubbles, technology choice, and financial crises Takuma Kunieda (Kwansei Gakuin University, Japan) Akihisa Shibata (Kyoto University, Japan) Carine Nourry (GREQAM, France, carine.nourry@univ- amu.fr) Undervaluation, social optimum, and growth under Karine Gente (GREQAM, France) credit constraints Miguel Leon-Ledesma (University of Kent, UK) Kazumichi Iwasa (Kobe University, Japan, kazumichi@hi- net.zaq.ne.jp) Inequalities and Patience in Catching Up Laixun Zhao (Kobe University, Japan)

Topics in Game Theory I Room: Matisse Organizer(s): Yi-Chun Chen and Xiao Luo Presenter Title Geir Asheim (University of Oslo, Norway, [email protected]) Algorithms for cautious reasoning in games Andrés Perea (Maastricht University, The Netherlands) Chih-Chun Yang (Academia Sinica, Taiwan, Rationality and Common Belief of Rationality [email protected]) Wei He (Chinese University of Hong Kong, China, Bayesian Games with Coarser Inter-player [email protected]) Information Yeneng Sun (National University of Singapore, Singapore) Xiao Luo (National University of Singapore, Singapore, [email protected]) Iterated Elimination Procedures Xuewen Qian (National University of Singapore, Singapore) Chen Qu (University of Nottingham Ningbo China, China)

Monday, June 26th 2:30-4:30 pm Sessions ***************************************************************************** Economic Theory II Room: DaVinci A Organizer(s): Pavlo Prokopovych and Nicholas Yannelis, Chair: Pavlo Prokopovych Presenter Title Elizabeth Baldwin (University of Oxford, UK, Walrasian equilibrium and auctions [email protected]) Vina Liu (University of Economics and Business, China, Full implementation in mixed strategies under [email protected]) ambiguity Alexis Toda (University of California - San Diego, USA, Zipf's Law: A Microfoundation [email protected])

Monday, June 26th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Money Markets Room: DaVinci B Organizer(s): Mario Pascoa Presenter Title Mario Pascoa (University of Surrey, UK, [email protected]) Do security prices rise or fall in the wake of a margins Jean-Marc Bottazzi (Paris School of Economics, France) hike? Guillermo Ramirez (Nova School of Business, Universidade Nova de Lisboa, Portugal) Guillermo Ramirez (Nova School of Business and Economics, Universidade Nova de Lisboa, Portugal, Determinants of repo haircuts and bankruptcy [email protected]) André C. Silva (Universidade Nova de Lisboa, Portugal, [email protected]) Government financing with taxes or inflation Bernardino Adão (Banco de Portugal, Portugal) Hye-Jin Cho (Centre d'économie de la Sorbonne (CES), France, Economics of Regulation: Credit Rationing and [email protected]) Excess Liquidity

Markets with Adverse Selection: Performance and Policy Intervention Room: DaVinci C Organizer(s): Diego Moreno and John Wooders, Chair: Diego Moreno Presenter Title Olivier Bochet (NYU Abu Dhabi, UAE, Information Transmission through Bargaining: [email protected]) Experimental Evidence Saara Hamäläinen (University of Helsinki and HECER, Steady-states in decentralized markets with signals: Finland, [email protected]) Reversed dynamics and non-Walrasian payoff limits William Fuchs (Haas School of Business, University of California Berkeley, USA, [email protected]) Information Aggregation in Dynamic Markets with Vladimir Asriyan (CREI; Universitat Pompeu Fabra; Barcelona Adverse Selection GSE, Spain) Brett S. Green (University of California, Berkeley, USA) John Wooders (New York University Abu Dhabi, UAE, Information Precision and the Performance of [email protected]) Dynamic Markets for Lemons Diego Moreno (Universidad Carlos III de Madrid, Spain)

Monday, June 26th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Contests I Room: Dali Organizer(s): Brian Roberson and Dan Kovenock, Chair: Brian Roberson Dan Kovenock Dan Kovenock Brian Roberson Presenter Title Brian Roberson (Purdue University, USA, [email protected]) Positional contests Dan Kovenock (Chapman University, USA) David Rietzke (Lancaster University, UK, [email protected]) Contests on networks Alexander Matros (University of South Carolina and Lancaster University, USA and UK) Bettina Klose (University of Technology Sydney, Australia, [email protected]) Moderating Alliances Dan Kovenock (Chapman University, USA) Cary Deck (University of Alabama and Chapman University, USA, [email protected]) The Electoral College: a multibattle contest with Sudipta Sarangi (Virginia Tech, USA) complementarities Matt Wiser (University of South Alabama, USA)

Macroeconomics and Inequality Room: Monet Organizer(s): Tom Krebs Presenter Title Tom Krebs (University of Mannheim, Germany, tkrebs@uni- Macroeconomic Implication of the Long-Run Decline mannheim.de) in Real Interest Rates Matthias Mand (University of Mannheim, Germany) Moritz Kuhn (University of Bonn, Germany, mokuhn@uni- bonn.de) Income and Wealth Inequality in America, 1949-2013 Moritz Schularick (University of Bonn, Germany) Ulrike Steins (University of Bonn, Germany) Martin Scheffel (University of Cologne, Germany, [email protected]) Financial Frictions, Labor Market Frictions, and the Hans Gersbach (ETH Zurich, Switzerland) Transmission of Shocks Jean-Charles Rochet (University of Zurich, Switzerland) Justin Barnette (Kent State University, USA, Wealth after Job Loss [email protected])

Mechanism and Information Design I Room: Van Gogh Organizer(s): Vasiliki Skreta, Chair: Johannes Schneider Presenter Title Gilat Levy (London School of Economics, UK, [email protected]) Persuasion with Correlation Neglect Inés Moreno de Barreda (University of Oxford, UK) Ronny Razin (London School of Economics, UK) Johannes Schneider (Charles III University of Madrid, Spain, Managing a Conflict [email protected]) Jacopo Bizzotto (University of Oslo, Norway, How to Persuade a Long-Run Decision Maker [email protected]) Boris Ginzburg (Universidad Carlos III de Madrid, Spain, A Simple Model of Competitive Testing [email protected]) Monday, June 26th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Topics in Game Theory II Room: Matisse Organizer(s): Yi-Chun Chen and Xiao Luo, Chair: Xiao Luo Presenter Title Chun-Ting Chen (National Taiwan University, Taiwan, Coordination in Social Networks: Communication by [email protected]) Actions Gaoji Hu (National University of Singapore, Singapore, [email protected]) Learning by Matching Yi-Chun Chen (National University of Singapore) Takashi Kunimoto (Singapore Management University, Singapore, [email protected]) Rationalizable Implementation of Correspondences Roberto Serrano (Brown University , USA) Yi-Chun Chen (National University of Singapore, Singapore, [email protected]) Truthful Continuous Implementation Manuel Mueller-Frank (IESE Business School, Spain) Mallesh Pai (Rice University, USA)

Monday, June 26th 5:00-7:00 pm Sessions ***************************************************************************** Economic Theory III Room: DaVinci A Organizer(s): Edward C. Prescott and Nicholas Yannelis, Chair: Edward C. Prescott Presenter Title Kieran Walsh (University of Virginia, USA, Uniqueness and Stability of Equilibrium in Economies [email protected]) with Two Goods Takuo Sugaya (Stanford University, USA, Optimal Employment Contract with Adverse Selection [email protected]) and Moral Hazard Rodrigo Velez (University of Texas, USA, [email protected]) Sequential Preference Revelation in Incomplete James Schummer (Northwestern University, USA) Information settings Pavlo Prokopovych (Kyiv School of Economics, Ukraine, On strategic complementarities in discontinuous [email protected]) games with complete and incomplete information

Households and Labor and Credit Markets Room: DaVinci B Organizer(s): Timothy J. Kehoe Presenter Title Rocio Madera (University of Minnesota, USA, How Shocking Are Shocks? [email protected]) Korie Amberger (Universitat Pompeu Fabra and Barcelona GSE, Spain, [email protected]) Search, Income, and Wealth Aubhik Khan (Ohio State University, USA) Alejandra Ramos (Universitat Autonoma de Barcelona and Household Decision Making with Violence: Barcelona GSE, Spain, [email protected]) Implications for Transfer Program Zachary Mahone (University of Toronto, Canada, An Efficient Mechanism for Minimum Wage [email protected]) Determination Pau Pujolas (McMaster University, Canada)

Monday, June 26th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Advances on the Market Selection Hypothesis Room: DaVinci C Organizer(s): Pablo Beker Presenter Title Pietro Dindo (Dipartimento di Economia Università Ca' Foscari Venezia, Italy, [email protected]) The Wisdom of the Crowd Revisited Filippo Massari (University of New South Wales, Australia) Giulio Bottazzi (Scuola Superiore Sant’Anna, Italy, [email protected]) A Model of Market Sentiment Pietro Dindo (Dipartimento di Economia Università Ca' Foscari Venezia, Italy) Ani Guerdjikova (University Cergy-Pontoise, France, Market Selection with Differential Financial [email protected]) Constraints John Quiggin (University of Queensland, Australia) Pablo Beker (University of Warwick, UK, Wealth Dynamics with Imperfect Competition [email protected])

Contests II Room: Dali Organizer(s): Brian Roberson and Dan Kovenock, Chair: Dan Kovenock Dan Kovenock Presenter Title Stergios Skaperdas (University of California, Irvine, USA, [email protected]) External intervention, identity, and civil war Nicholas Sambanis (University of Pennsylvania, USA) William Wohlforth (Dartmouth College, USA) Subhasish M. Chowdhury (University of East Anglia, UK, [email protected]) Born this way?: prenatal exposure to testosterone may Pablo Branas Garza (Middlesex University, UK) determine conflict behavior Antonio M. Espin (Middlesex University, UK) Jeroen Nieboer (Financial Conduct Authority, UK) Dawei Fang (University of Gothenburg, Sweden, [email protected]) Selection contests are always clubby Thomas Noe (University of Oxford, UK) Dan Kovenock (Chapman University, USA, [email protected]) Anchoring, status quo bias, and conflict Alan Gelder (Institute for Defense Analyses, USA)

Monday, June 26th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Advances in Macro-Finance Room: Monet Organizer(s): Erwan Quintin Presenter Title Vincenzo Quadrini (University of Southern California, USA, [email protected]) Bank Interconnectivity and Leverage Alessandro Barattieri (Collegio Carlo Alberto, Italy) Laura Moretti (Central Bank of Ireland, Ireland) Francois Gourio (Federal Reserve Bank of Chicago, USA, Accounting for Medium-run Macro-Finance Trends [email protected]) since 2000 Emmanuel Fari (Harvard University, USA) Dean Corbae (University of Wisconsin - Madison, USA, Reorganization or Liquidation: Bankruptcy Choice [email protected]) and Firm Dynamics Pablo D'Erasmo (Federal Reserve Bank of Philadelphia, USA) Erwan Quintin (University of Wisconsin - Madison, Wisconsin School of Business, USA, [email protected]) A New Perspective on the Finance-Development Dean Corbae (University of Wisconsin - Madison, USA) Nexus Pedro Amaral (Federal Reserve Bank of Cleveland, USA)

Mechanism and Information Design II Room: Van Gogh Organizer(s): Vasiliki Skreta, Chair: Ina Taneva Presenter Title Ina Taneva (University of Edinburgh, UK, [email protected]) On Information Design in Games Laurent Mathevet (New York University, USA) Jacopo Perego (New York University, USA) Martin Pollrich (University of Bonn, Germany, [email protected]) Sweet Lemons: on Collusion in Hierarchical Agency Colin von Negenborn (Humboldt University Berlin, Germany) Amir Habibi (University College London, UK, Motivation and Information Design [email protected]) Fatemeh Borhani (University of Pittsburgh, USA, [email protected]) Conditioning Beliefs on Acquired Knowledge Ed Green (Pennsylvania State University, USA)

Monday, June 26th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Social Choice and Cooperative Game Theory Room: Matisse Organizer(s): Youngsub Chun Presenter Title Honorata Sosnowska (Warsaw School of Economics, Poland, [email protected]) Approval voting as a polling method Krzysztof Przybyszewski (Kozminski University, Poland) Eunju Lee (Seoul National University, South Korea, [email protected]) Axiomatic characterizations of the folk rule for Gustavo Bergantinos (Universidade de Vigo, Spain) minimum cost spanning tree problems with multiple Youngsub Chun (Seoul National University, South Korea) sources Leticia Lorenzo (Universidade de Vigo, Spain) Hans Peters (Maastricht University, The Netherlands, [email protected]) Effectivity and power Dominik Karos (Maastricht University, The Netherlands) Youngsub Chun (Seoul National University, South Korea, [email protected]) A Rawlsian approach to the queueing problem Manipushpak Mitra (Indian Statistical Institute, India) Suresh Mutuswami (University of Leicester, UK)

TUESDAY, JUNE 27

Tuesday, June 27th 9:30-11:30 am Sessions ***************************************************************************** Fair Distribution and Mechanism Design Room: DaVinci A Organizer(s): Juan D. Moreno-Ternero and Hervé Moulin, Chair: Juan D. Moreno-Ternero Presenter Title Trade-offs among Efficiency, Equity, and Non- Patrick Harless (University of Glasgow, UK, manipulability in the Probabilistic Assignment of [email protected]) Objects Christian Trudeau (University of Windsor, Canada, Fairness, stability and complementarity: a cooperative [email protected]) game approach to the job scheduling problem Eric Bahel (Virginia Tech, USA) Jens Leth Hougaard (University of Copenhagen, Denmark, Implementation of welfare maximizing connection [email protected]) networks

Theory and Experiment Room: DaVinci B Organizer(s): John Nachbar Presenter Title PJ Healy (Ohio State University, USA, [email protected]) The Epistemics of Public Goods Contributions: An Kirby Nielsen (Ohio State University, USA) Experimental Study Ryan Oprea (University of California, Santa Barbara, USA, General Equilibrium Convergence Under Revealed [email protected]) Rather than Induced Preferences Brian Rogers (Washington University in St. Louis, USA, Efficiency-based Measures of Inequality [email protected]) Alistair Wilson (University of Pittsburgh, USA, Diagnosing Coordination Failures in Information [email protected]) Relationships

Dynamic Models of Environment and Natural Resources Room: DaVinci C Organizer(s): Santanu Roy Presenter Title Giorgio Fabbri (Aix-Marseille School of Economoics, CNRS and EHESS, France, [email protected]) Emmanuelle Augeraud-Veron (Universite de La Rochelle, The Value of Biodiversity as an Insurance Device France) Kathleen Schubert (Paris School of Economics, France ) Bård Harstad (University of Oslo, Norway, [email protected]) Conservation Contracts for Exhaustible Resources Nils C. Framstad (University of Oslo, Norway) Matti Liski (Aalto University, Finland, [email protected]) Tipping points, delays, and the control of catastrophes François Salanié (Toulouse School of Economics, France)

Tuesday, June 27th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Contests III Room: Dali Organizer(s): Brian Roberson and Dan Kovenock, Chair: Dan Kovenock Presenter Title Jörg Franke (University of Dortmund, Germany, [email protected]) Optimal favoritism in all-pay auctions and lottery Wolfgang Leininger (University of Dortmund, Germany) contests Cédric Wasser (University of Bonn, Germany) Jingfeng Lu (National University Singapore, Singapore, [email protected]) All-pay quality bids in score auctions Dan Kovenock (Chapman University, USA) Optimal allocation of multi-dimensional prizes in Anastasia Antsygina (European University Institute, Italy, contests with heterogeneous agents: theory and an [email protected]) empirical application Zhewei Wang (Shandong University, China, [email protected]) Optimal multi-dimensional rank-order contest Jingfeng Lu (National University Singapore, Singapore) Bo Shen (Wuhan University, China)

Dynamic General Equilibrium Room: Monet Organizer(s): Alessandro Citanna, Chair: Yiannis Vailakis Presenter Title Alex Citanna (Yeshiva University, USA, [email protected]) Liquidity Shortages under limited commitment Gaetano Bloise (Yeshiva University, USA) Florian Bidian (Georgia State University, USA, Asset float and leveraged bubbles [email protected]) Dominika Kryczka (University of Zurich, Switzerland, Recursive equilibria in the neo-classical growth model [email protected]) Yiannis Vailakis (University of Glasgow, UK, [email protected]) Sustainable debt under incomplete markets Gaetano Bloise (Yeshiva University, USA) Herakles Polemarchakis (University of Warwick, UK)

Topics in Macroeconomics II Room: Van Gogh Organizer(s): Anne Villamil Presenter Title Galina Vereshchagina (Arizona State University , USA, Taxation and sorting of managers across firms [email protected]) Anne Villamil (University of Iowa, USA, Funding Employer-based Insurance: Regressive [email protected]) Taxation and Premium Exclusions

Tuesday, June 27th 9:30-11:30 am Sessions (Continued) ***************************************************************************** NeuroPsychoEconomics Room: Matisse Organizer(s): Carlos Alós-Ferrer Presenter Title Michele Garagnani (University of Cologne, Germany, Who is a reinforcer, who is an optimizer? Classifying [email protected]) decision makers in a belief-updating paradigm Carlos Alós-Ferrer (University of Cologne, Germany) Kristian Myrseth (Trinity College Dublin, Ireland, [email protected]) David Andersson (Linköping University) Magnus Johannesson (Stockholm School of Economics, Assessing the intuitive cooperation hypothesis: a Sweden) meta-analysis Gustav Tinghög (Linköping University, Sweden) Daniel Västfjäll (Linköping University, Sweden) Conny Wollbrant (University of Gothenburg, Sweden) Larbi Alaoui (Universitat Pompeu i Fabra, Spain) Christian Fons-Rosen (Universitat Pompeu i Fabra, Spain, Know When to Fold ’Em: The Grit Factor [email protected]) Carlos Alós-Ferrer (University of Cologne, Germany, Social Preferences Depend on Expectations: Neural [email protected]) Evidence Sabine Hügelschäfer (University of Cologne, Germany)

Tuesday, June 27th 2:30-4:30 pm Sessions ***************************************************************************** Social and Economic Networks I Room: DaVinci A Organizer(s): Agnieszka Rusinowska, Chair: Tim Hellmann Presenter Title Olena Orlova (EDEEM, University Paris 1 Panthéon-Sorbonne Heterogeneity in Games on Networks and Bielefeld University, France, [email protected]) Dominik Karos (Maastricht University, The Netherlands, Why Political Violence Causes Social Instability [email protected]) Alexis Poindron (University Paris 1 Panthéon-Sorbonne, Centre d’Economie de la Sorbonne, France, [email protected]) A Model of Anonymous Influence with Anti-conformist Michel Grabisch (PSE, University Paris 1, Centre d’Economie Agents de la Sorbonne, France) Agnieszka Rusinowska (PSE – CNRS, University Paris 1, Centre d’Economie de la Sorbonne, France) Tim Hellmann (Bielefeld University, Germany, R&D Investments under Endogenous Cluster [email protected] ) Formation Herbert Dawid (Bielefeld University, Germany)

Tuesday, June 27th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Industry Dynamics Room: DaVinci B Organizer(s): Timothy J. Kehoe Presenter Title Tiago Tavares (Instituto Tecnológico Autónomo de México, Mexico, [email protected]) Heterogeneous Investment Dynamics of Alexandros Fakos (Instituto Tecnológico Autónomo de México, Manufacturing Firms Mexico, UK) David Pérez-Reyna (Universidad de los Andes, Colombia, [email protected]) Reforms, Entrepreneurship, and Misallocation in Julian Neira (University of Exeter, UK) Colombia Cesar E. Tamayo (Inter-American Development Bank, USA) Jack Rossbach (Georgetown University Qatar, Qatar, International Competition and Granular Fluctuations [email protected]) Kim J. Ruhl (Pennsylvania State University, USA, [email protected]) Didem Tuzemen (Federal Reserve Bank of Kansas City, USA) Demographics and Industry Dynamics Jonathan L. Willis (Federal Reserve Bank of Kansas City, USA)

Models of Household Decisions I Room: DaVinci C Organizer(s): Claude d'Aspremont and Rodolphe Dos Santos Ferreira, Chair: Rodolphe Dos Santos Ferreira Presenter Title Claude d'Aspremont (CORE, Université Catholique de Louvain, Belgium, [email protected]) Revealed Preference Analysis of Semi-Cooperative Rodolphe Dos Santos Ferreira (BETA - University of Household Behavior Strasbourg, France; Católica Lisbon School of Business and Economics, Portugal) Pierre-André Chiappori (Columbia University, USA, [email protected]) Robert McCann (Department of Mathematics, University of Household Formation: the Theory of Toronto, Canada) Multidimensional Matching Brendan Pass (Department of Mathematical and Statistical Sciences, University of Alberta, Canada) Thomas Demuynck (ECARES - Université Libre de Bruxelles, Revealed Preference and Stable Household Matching Belgium, [email protected]) Paula Eugenia Gobbi (IRES - Université Catholique de Childcare and Commitment within Households Louvain, Belgium, [email protected])

Tuesday, June 27th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Contests IV Room: Dali Organizer(s): Brian Roberson and Dan Kovenock, Chair: Brian Roberson Presenter Title Toomas Hinnosaar (Collegio Carlo Alberto, Italy, Dynamic common-value contests [email protected]) Sergio Parreiras (University of North Carolina, USA, Drop-outs in contests [email protected]) Christian Seel (Maastricht University, The Netherlands, [email protected]) Sequential elimination contests Moritz Mendel (Maastricht University, The Netherlands) Ferdinand Pieroth (Maastricht University, The Netherlands) Kai A. Konrad (Max Planck Institute for Tax Law and Public Finance, Germany, [email protected]) Dynamic Colonel Blotto games TIlman Klumpp (University of Alberta, Canada)

Games and General Equilibrium Room: Monet Organizer(s): Carlos Hervés-Beloso Presenter Title Matias Fuentes (National University of San Martín, Argentina, [email protected]) Market failures and equilibria in Banach lattices Jean Marc Bonnisseau (Univ. Paris I, France) Bruno M P M Oliveira (Univ. Porto and LIAAD-INESC TEC, Portugal, [email protected]) Yusuf Aliyu Ahmad (Univ. Porto and LIAAD-INESC TEC, Portugal) Price formation in random exchange markets Athanasios N. Yannacopoulos (Athens University, Greece) Barbel F. Finkenstädt (University of Warwick, UK) Alberto A. Pinto (Univ. Porto and LIAAD-INESC TEC, Portugal) Filomena Garcia (Indiana University, USA, Of Course Collusion Should be Prosecuted. But [email protected]) Maybe ... Or (The case for international antitrust Jose Manuel Paz y Mino (Indiana University, USA) agreements) Gustavo Torrens (Indiana University, USA)

Tuesday, June 27th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Topics in Macroeconomics III Room: Van Gogh Organizer(s): Anne Villamil Presenter Title The Role of Collateral in Enhancing Real Business Matt Hoelle (Purdue University, USA, [email protected]) Cycle Fluctuations Antonio Antunes (Banco de Portugal and Nova SBE, Portugal, Public debt expansions and the dynamics of the [email protected]) household borrowing constraint Valerio Ercolani (Banco de Portugal, Portugal) Evangelia Chalioti (Yale University, USA, Compensation Contracts and Career Concerns [email protected])

Political Economy I Room: Matisse Organizer(s): Francesco Squintani, Clara Ponsati and Amrita Dhillon, Chair: Dana Foarta Presenter Title Unification versus Separation of Regulatory Dana Foarta (Stanford University, USA, [email protected]) Institutions Andrew Little (Cornell University, USA, I Don't Know [email protected]) Jernej Copic (Aix-Marseille Universite and CERGE-Ei, France, Asymmetric Legislative Bargaining [email protected])

Tuesday, June 27th 5:00-7:00 pm Sessions ***************************************************************************** Social and Economic Networks II Room: DaVinci A Organizer(s): Agnieszka Rusinowska Presenter Title Berno Buechel (University of St. Gallen, Institute of Economics (FGN), Switzerland, [email protected]) The swing voter’s curse in social networks Lydia Mechtenberg (University of Hamburg, Department of Economics, Germany) Simon Schopohl (EDEEM, Université Paris 1, Universität Bielefeld and Université catholique de Louvain, France, Information Transmission in Hierarchies Germany, Belgium, [email protected]) Anja Prummer (Queen Mary University of London, UK, [email protected]) Gender and Networks Sanjeev Goyal (University of Cambridge, UK) Lorenzo Ductor (Middlesex University London, UK) Agnieszka Rusinowska (PSE – CNRS, University Paris 1, Centre d’Economie de la Sorbonne, France, The Degree Measure as a Utility Function for [email protected]) Positions in Weighted Networks René van den Brink (VU University Amsterdam, The Netherlands)

Tuesday, June 27th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Economics of Information Room: DaVinci B Organizer(s): Joao Correia-da-Silva Presenter Title Matthew Robertson (University of Strathclyde, UK, Signalling with Endogenous Private Information [email protected]) Willy Lefez (Toulouse School of Economics, France, Collusion under incomplete information on the [email protected]) discount factor Joao Correia-da-Silva (University of Porto, Portugal, Trembling mechanisms [email protected]) Daniel Garrett (Toulouse School of Economics, France, [email protected]) Robust Predictions in Dynamic Screening Alessandro Pavan (Northwestern University, USA) Juuso Toikka (MIT, USA)

Models of Household Decisions II Room: DaVinci C Organizer(s): Claude d'Aspremont and Rodolphe Dos Santos Ferreira, Chair: Claude d'Aspremon Presenter Title Marc Goñi (Department of Economics, University of Vienna, Austria, [email protected]) Childless Aristocrats : Fertility, Inheritance, and Paula Eugenia Gobbi ((IRES - Université Catholique de Persistent Inequality in Britain (1650-1882) Louvain, Belgium) Identification of Random Resource Shares in Arthur Lewbel (Department of Economics, Boston College, Collective Households Without Preference Similarity USA, [email protected]) Restrictions Khushboo Surana (Department of Economics, KU Leuven, Belgium, [email protected]) Laurens Cherchye (Department of Economics, KU Leuven, Marital Matching, Economies of Scale and Belgium) Intrahousehold Allocations Bram De Rock (ECARES - Université Libre de Bruxelles, Belgium) Frederic Vermeulen (Department of Economics, KU Leuven)

Contests V Room: Dali Organizer(s): Carmen Beviá Presenter Title Maria Cubel (Universitat de Barcelona, Spain, [email protected]) Generalized Difference Form Contest Patricia Esteve-Gonzalez (Lancaster University, UK, p.esteve-

[email protected]) Affirmative Action through Extra Prizes Matthias Dahm (University of Nottingham) Anil Yildizparlak (Durhan University , UK, [email protected]) Linking conflict to inequality: The Gini index as a Alberto Vesperoni (FoKoS Institute, University of Siegen, measure of rent dissipation Germany) Carmen Beviá (Universidad de Alicante, Spain, [email protected]) Contest Decided by Voting Luis Corchón (Universidad Carlos III de Madrid, Spain)

Tuesday, June 27th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Games and Equilibrium: Applications Room: Monet Organizer(s): Carlos Hervés-Beloso and Emma Moreno-García, Chair: Carlos Hervés-Beloso Presenter Title Eduardo L. Giménez (Universidad de Vigo, Spain, [email protected]) Mikel Pérez-Nievas (Universidad de Santiago de Compostela, Efficiency and Endogenous Fertility Spain) J. Ignacio Conde-Ruiz (Unv. Complutense de Madrid and FEDEA, Spain) Jaume García-Segarra (University of Cologne, Germany, The compatibility between stagnation proofness and [email protected]) full solidarity in n-agent bargaining problems Miguel Ginés-Vilar (Universitat Jaume I de Castelló, Spain) Yassine Lefouili (Toulouse School of Economics, France, [email protected]) Privacy Protection Bruno Jullien (Toulouse School of Economics, France) Michael Riordan (Columbia University, USA) Federica Farolfi (University of Cologne, Germany, The CEO Selection Decision Process: the Role of [email protected]) Board Composition

Evolution and Mistakes Room: Van Gogh Organizer(s): Ennio Bilancini and Leonardo Boncinelli, Chair: Ennio Bilancini Presenter Title Leonardo Boncinelli (Università di Firenze, Italy, A Long-Run Evolutionary Analysis of Group Conflict [email protected]) Sung-Ha Hwang (Korea Advanced Institute of Science and Technology (KAIST), Korea, [email protected]) Social conflict and the evolution of unequal Samuel Bowles (Santa Fe Institute) convention Suresh Naidu (Columbia University) Philip Neary (Royal Holloway, UK, [email protected]) The Segregation Game: Schelling meets Tiebout Ryoji Sawa (University of Tsukuba, Japan, An evolutionary approach to social choice problems [email protected]) with q-quota rules Akira Okada (Kyoto University, Japan)

Political Economy II Room: Matisse Organizer(s): Francesco Squintani, Clara Ponsati and Amrita Dhillon, Chair: Alessandra Casella Presenter Title Clara Ponsati (University of St. Andrews, UK, [email protected]) Electing the Pope Jan Zapál (Cerge-EI, Czech Republic) Lobbying, Campaign Contributions and Political Javier Rivas (University of Bath, UK, [email protected]) Competition Ioanna Grypari (Max Planck Institute, Germany, One Strike and You're Out! The Effects of the Master [email protected]) Lever on Senators' Positions Olga Gorelkina (University of Liverpool, UK)

WEDNESDAY, JUNE 28

Wednesday, June 28th 9:30-11:30 am Sessions ***************************************************************************** Advances in Dynamic General Equilibrium Room: DaVinci A Organizer(s): Kevin Reffett and Lukasz Wozny, Chair: Kevin Reffett Presenter Title Dan Cao (Georgetown University, USA, Existence of Generalized Recursive Equilibria in [email protected]) Krusell Smith Economies Anna Rubinchik (University of Haifa, Israel, [email protected]) Regularity of a Fixed point equilibrium system A. Gorokhovsky (University of Colorado, USA) Marten Hillebrand (University of Konstanz, Germany, [email protected]) Bubbly Markov Equilibria Martin Barbie (University of Cologne, Germany) Kevin Reffett (Arizoma State University, USA, [email protected]) Preferences, Externalties, and Indeterminacy: A Dilsat Dalkiran (Arizona State University, USA) Global Approach to Minimal State Space Recursive Manjira Datta (Arizona State University, USA) Equilibrium Lukasz Wozny (Warsaw School of Economics, Poland)

International Trade I Room: DaVinci B Organizer(s): Costas Arkolakis Presenter Title Eduardo Morales (Princeton University, USA, Venting Out: Exports during a Domestic Slump [email protected]) Rodrigo Adão (Princeton University, USA, [email protected]) Trade, Agglomeration, and Labor Markets: Theory Costas Arkolakis (Yale University, USA) and Evidence Federico Esposito (Tufts University, USA) Joaquin Blaum (Brown University, USA, The Behavior of Imports in Large Crises [email protected]) Alonso De Gortari (Harvard University, USA, Disentangling Global Value Chains [email protected])

Wednesday, June 28th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Decision Theory Room: DaVinci C Organizer(s): Jack Stecher Presenter Title Mohammed Abdellaoui (HEC Paris, France, [email protected]) Take your Chance or Take your Time: On the Impact E. Kemel (HEC Paris, France) of Risk on Time Discounting A. Panin (Oxford, UK) F.M. Vieider (University of Reading, UK) Chad Kendall (University of Southern California, USA, Are Biased Beliefs Fit to Survive? An Experimental [email protected]) Test of the Market Selection Hypothesis. Ryan Oprea (University of California, Santa Barbara, USA) Laetitia Placido (Baruch College, City University of New York, Testing constant absolute and relative ambiguity USA, [email protected]) aversion Andriy Zapechelnyuk (University of Glagow, UK, [email protected]) Robust Sequential Search Karl H. Schlag (University of Vienna, Austria)

Time Preferences: Theory and Applications Room: Dali Organizer(s): Horst Zank Presenter Title François Le Grand (EM-Lyon Business School, France, [email protected]) Household Finance and the Value of Life Antoine Bommier (ETH Zurich, Switzerland) Daniel Harenberg (ETH Zurich, Switzerland) Jawwad Noor (Boston University, USA, [email protected]) Impatience as Selfishness Norio Takeoka (Hitotsubashi University, Japan) Craig Webb (University of Manchester, UK, Time consistency and decreasing impatience [email protected]) Horst Zank (University of Manchester, UK, [email protected]) Modeling Attitudes Towards Future Risks Mohammed Abdellaoui (HEC Paris, France)

Foundational Issues in Game Theory Room: Monet Organizer(s): Mamoru Kaneko Presenter Title Liping Tang (Sun Yat-sen University, China, Ex Post Cheap Talk: Misunderstanding and [email protected]) Communication Adam Dominiak (Virginia Polytech Institute and State Epistemic Foundation of Equilibria under Ambiguity University, USA, [email protected]) Jeffrey J. Kline (University of Queensland, Australia, General Principles for Construction of Inductively [email protected]) Derived Views Samuel Waltener (Universite Saint-Louis, Belgium, Results on Finiteness, Existence, and Minimality of [email protected]) Inductively Derived Views

Wednesday, June 28th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Topics in Economic Theory I Room: Van Gogh Organizer(s): Emma Moreno-García Presenter Title Joana Pinho (Faculdade de Economia do Porto, Portugal, [email protected]) Collusion in two-sided markets Yassine Lefouili (Toulouse School of Economics, France) Joana Resende (CEFUP. Faculdade de Economia da Personalized pricing through price discrimination: Universidade do Porto, Portugal, [email protected]) who are the winners? Rosa Branca Esteves (Universiade do Minho, Portugal) Joaquín Gómez-Miñambres (Bucknell University, USA, [email protected]) Goal Setting in the Principal-Agent Model: Weak Brice Corgnet (EM-Lyon Business school, France) Incentives for Strong Performance. Roberto Hernán-González (Nottingham University Business School, UK) Sofía Correa-Deisler (New York University, USA, [email protected]) An Economic Theory of Segregation Daniel Hojman (University of Chile, Chile)

Political Economy III Room: Matisse Organizer(s): Francesco Squintani, Clara Ponsati and Amrita Dhillon, Chair: Benoit Crutzen Presenter Title Santiago Sanchez (King's College London, UK, Inequality in Conflicts [email protected]) Benoit Crutzen (Erasmus University Rotterdam, The Incentives in team contests Netherlands, [email protected]) Daniel Cardona (University of the Balearic Islands, Spain, Within-group heterogeneity in endogenous-policy [email protected]) contests

Wednesday, June 28th 2:30-4:30 pm Sessions ***************************************************************************** Financial Intermediation and Macro I Room: DaVinci A Organizer(s): Igor Livshits Presenter Title Natalia Kovrijnykh (Arizona State University, USA, [email protected]) Building Credit Histories with Heterogeneously- Igor Livshits (University of Western Ontario, Canada) Informed Lenders Ariel Zetlin-Jones (Carnegie Mellon University, USA) Satyajit Chatterjee (Federal Reserve Bank of Philadelphia, USA, [email protected]) Self-fulfilling Debt Crises, Revisited: The Art of the Mark Aguiar (Princeton University) Desperate Deal Harold Cole (University of Pennsylvania, USA) Zachary Strangebye (University of Notre Dame, USA) Ariel Zetlin-Jones (Carnegie Mellon University, USA, [email protected]) The Maturity Structure of Inside Money Burton Hollifield (Carnegie Mellon University, USA) Kirill Shakhnov (EIEF, Italy, [email protected]) Limited Arbitrage in the Market for Local Currency Nicola Borri (LUISS University, Italy) Emerging Market Debt

International Trade II Room: DaVinci B Organizer(s): Timothy J. Kehoe, Chair: Kim J. Ruhl Presenter Title Daniela Viana Costa (University of Minnesota, USA, Output Fluctuations in Primary Commodity Exporting [email protected]) Countries Claustre Bajona (Ryerson University, Canada, [email protected]) Trade and the Environment with Heterogeneous Firms Paul Missios (Ryerson University) Andrea Pierce (Industry Canada, Canada) Timothy J. Kehoe (University of Minnesota and FRB Minneapolis, USA, [email protected]) Quantitative Trade Models: Developments and Pau S. Pujolàs (McMaster University, Canada) Challenges Jack Rossbach (Georgetown University Qatar, Qatar) Pau S. Pujolàs (McMaster University, Canada, [email protected]) Wyatt J. Brooks (University of Notre Dame, USA) The Measured Productivity Disconnect Timothy J. Kehoe (University of Minnesota and FRB Minneapolis, USA)

The Economics of Banking (3:30-4:30 pm) Room: DaVinci C Organizer(s): Jan Wenzelburger Presenter Title Helena Krebs (TU Kaiserslautern, Germany, Double sided Bertrand competition with market-side [email protected]) switching and default Jan Wenzelburger (TU Kaiserslautern, Germany, On the recapitalisation of banking systems [email protected])

Wednesday, June 28th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Preferences and Decisions Room: Dali Organizer(s): Mamoru Kaneko, Chair: Jeffrey J. Kline Presenter Title Gerelt Tserenjigmid (Virginia Polytech Institute and State History-Dependent Risk Aversion and the University, USA, [email protected]) Reinforcement Effect Nobuo Koida (Iwate Prefectural University, Japan, Incomplete preferences and a unique subjective state [email protected]) space Matthew Kovach (Instituto Tecnológico Autónomo de México and CIE, Mexico, [email protected]) The Imbalanced Luce model Gerelt Tserenjigmid (Virginia Polytech Institute and State University, USA) Mamoru Kaneko (Waseda University, Japan, Expected Utility Theory with Probability Grids and [email protected]) Preferential Incomparabilities

Ambiguity in Games and Dynamic Decisions Room: Monet Organizer(s): Frank Riedel Presenter Title Ronald Stauber (Australian National University, Australia, A Strategic Product for Belief Functions [email protected]) Vassili Vergopoulos (Université Paris 1 Panthéon-Sorbonne, Dynamically Consistent Preferences under Imprecise France, [email protected]) Information Frank Riedel (Bielefeld University, Germany, friedel@uni- Purification of Ellsberg Equilibria bielefeld.de)

Current Trends in Economic Theory Room: Van Gogh Organizer(s): Willemien Kets Presenter Title Jakub Steiner (CERGE-EI, University of Edinburgh, Czech On Memory Management Republic, [email protected]) James Choy (University of Warwick, UK, Adjudication Institutions and the Decline of Violence [email protected]) Andrew Ellis (London School of Economics, UK, A Regional Approach to Framing and Salience [email protected])

Political Economy IV Room: Matisse Organizer(s): Francesco Squintani, Clara Ponsati and Amrita Dhillon Presenter Title Jan Zapál (Cerge-EI, Czech Republic, [email protected]) A Model of Focusing in Political Choice Francesco Squintani (University of Warwick, UK, Conspiration Networks [email protected])

Wednesday, June 28th 5:00-7:00 pm Sessions ***************************************************************************** International Capital Flows Room: DaVinci A Organizer(s): Timothy J. Kehoe Presenter Title Joao Ayres (University of Minnesota, USA, Knowledge Flows and Dark Matter [email protected]) Andrea Waddle (University of Richmond, USA, The Impact of Brexit on Foreign Investment and [email protected]) Production Ellen McGrattan (University of Minnesota, USA) Matt Delventhal (Universitat Autonoma de Barcelona and The Globe as a Network: Geography and the Origins Barcelona GSE, Spain, [email protected]) of the World Income Distribution Hyunju Lee (University of Minnesota, USA, Gross Capital Flows and International Diversification [email protected])

Cities and Trade Room: DaVinci B Organizer(s): Costas Arkolakis Presenter Title Diego Puga (CEMFI, Spain, [email protected]) Urban growth and its aggregate implications Kerem Cosar (University of Virginia, USA, Trade, Merchants and Lost Cities of the Bronze Age [email protected]) David Nagy (Centre de Recerca en Economia Internacional, City Location and Economic Development Spain, [email protected]) Sun Kyoung Lee (Columbia University, USA, Rise of the Metropolis: Lessons from New York City [email protected])

Ordered Spaces and Infinite-dimensional Economies Room: DaVinci C Organizer(s): Achille Basile and Ioannis Polyrakis Presenter Title Bogdan Klishchuk (Australian National University, Australia, Seeming Genericity of Fully Revealing Equilibrium [email protected]) Pricing Rabee Tourky (Australian National University, Australia) Ioannis Polyrakis (National Technical University of Athens, Geometry of cones and general equilibrium theory Greece, [email protected]) Niccolo Urbinati (Università Federico II, Italy, Lyapunov’s theorem for finitely additive vector [email protected]) measures Francesco Ruscitti (John Cabot University, Italy, Cones and arbitrage pricing [email protected])

Wednesday, June 28th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Axiomatics of Temporal Preferences Room: Dali Organizer(s): Jean-Pierre Drugeon Presenter Title Daniele Pennesi (University of Bologna, Italy, Intertemporal Discrete Choice [email protected]) Matthew Ryan (Auckland University of Technology, New Zealand, [email protected]) Aggregating Time Preferences with Decreasing Nina Anchugina (University of Auckland, New Zealand) Impatience Arkadii Slinko (University of Auckland, New Zealand) Kirsten I.M. Rohde (Erasmus School of Economics, Erasmus Dual Exponential Weighting - Impatience and University Rotterdam, The Netherlands, [email protected]) Patience within a Single Decision Maker Drazen Pelec (MIT, USA) Jean-Pierre Drugeon (PSE-CNRS, France, [email protected]) A not so Myopic Axiomatization of Discounting Thai Ha-Huy (University of Evry, France)

Discontinuous Games Room: Monet Organizer(s): Guillherme Carmona Presenter Title Blake Allison (Emory University, USA, [email protected]) Adib Bagh (University of Kentucky, USA) Invariant Equilibria and Classes of Equivalent Games Jason Lepore (California Polytechnic State University, USA) Vincenzo Scalzo (University of Naples Federico II, Italy, Weak equilibria of qualitative games and applications [email protected]) to exchange economies Guilherme Carmona (University of Surrey, UK, On the Existence of Limit Admissible Equilibria in [email protected]) Discontinuous Games Konrad Podczeck (Universitat Wien, Austria, Invariance of the equilibrium set of games with an [email protected]) endogenous sharing rule Guillherme Carmona (University of Surrey, UK)

Quantitative Macroeconomics Room: Van Gogh Organizer(s): Selo Imrohoroglu Presenter Title Nuray Akin (Ozyegin University, Turkey, [email protected]) Search Equilibrium Transition Dynamics B. Platt (, Australia) Gary Hansen (University of California, Los Angeles, USA, [email protected]) Reforming Medicaid Long Term Care Insurance Elena Capatina (University of New South Wales, Australia) Minchung Hsu (GRIPS, Japan) Elena Capatina (University of New South Wales, Australia, [email protected]) Health, Earnings Dynamics and Consumption over the Michael Keane (University of Oxford, UK) Life Cycle Shiko Maruyama (University of Technology Sydney, Australia) Selo Imrohoroglu (University of Southern California, Marshall School of Business, USA, [email protected]) Social Security Actuarial Balance in General Shinichi Nishiyamai (Lancaster University,UK) Equilibrium

Wednesday, June 28th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Political Economy IV Room: Matisse Organizer(s): Luis Carlos Corchón Presenter Title Michele Rosenberg (Universidad Carlos III de Madrid, Spain, Multinational Companies and the Political Edconomy [email protected]) of Natural Resources Federico Masera (Universidad Carlos III de Madrid and Université Paris-Dauphine, Spain and France, Crime and Suburbanization [email protected]) Timothy Yeung (Université Paris-Dauphine, France, Relationship between Political Values and Religiosity: [email protected]) Evidence from Google Trends Marco Le Moglie (Bocconi University, Italy, Mafia Inc.: When Godfathers Become Entrepreneurs [email protected])

THURSDAY, JUNE 29

Thursday, June 29th 9:30-11:30 am Sessions ***************************************************************************** Macroeconomic Dynamics I Room: DaVinci A Organizer(s): Alain Venditti Presenter Title David Desmarchelier (University of Lorraine, BETA, France, A simple method to study local bifurcations of three [email protected]) and four-dimensional systems: characterizations and Stefano Bosi (EPEE, University of Evry, France) economic applications Lise Clain-Chamosset-Yvrard (University of Lyon, GATE, France, [email protected]) Altruism, Inheritance & Bubbles Thomas Seegmuller (AMSE, AMU-CNRS, France) Bertrand Wigniolle (University of Paris 1 Panthéon-Sorbonne, PSE, France, [email protected]) Endogenous debt contraints and rational bubbles in Ilya Eryzhenskiy (University of Paris 1 Panthéon-Sorbonne, an OLG growth model France) Alain Venditti (AMSE, AMU-CNRS, France, [email protected]) On sunspot fluctuations in one and two sector infinite Frédéric Dufourt (AMSE, AMU-CNRS, France) horizon models with increasing returns Kazuo Nishimura (Kobe University, Japan)

Applied Macroeconomic Theory Room: DaVinci B Organizer(s): Timothy J. Kehoe Presenter Title Bettina Brueggemann (McMaster University, Canada, Higher Taxes at the Top: The Role of Entrepreneurs [email protected]) Alejandro C. Garcia-Cintado (Universidad Pablo de Olavide, Spain, [email protected]) Fiscal Adjustments and the Shadow Economy in an Celso J. Costa Junior (niversidade Estadual de Ponta Grossa Emerging Market and Fundação Getúlio Vargas, Brazil) Carlos Usabiaga (Universidad Pablo de Olavide, Spain) Aubhik Khan (Ohio State University, USA, mail@aubhik- Large Recessions in an Overlapping Generations with khan.net) Unemployment Risk Joaquin Naval (Universitat de Girona, Spain, [email protected]) Employment Effects of On-the-Job Human Capital Jose I. Silva (Universitat de Girona, Spain) Acquisition Javier Vazquez-Grenno (Universitat de Barcelona, Spain)

Thursday, June 29th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Information Frictions and Markets Room: DaVinci C Organizer(s): Santanu Roy Presenter Title Daniel Garcia (University of Vienna, Austria, Dynamic Pricing with Search Frictions [email protected]) Ayca Kaya (University of Miami, USA, [email protected]) Ilwoo Hwang (University of Miami, USA) Uncertainty-driven Cooperation Doruk Cetemen (University of Rochester , USA) Tim Worrall (University of Edinburgh, UK, [email protected]) Sustainable Intergenerational Insurance Alessia Russo (University of Oslo, Norway) Francesco Lancia (University of Vienna, Austria) Santanu Roy (Southern Methodist University, USA, [email protected]) Maarten C.W. Janssen (University of Vienna, Austria, and Regulating False Disclosure National Research University Higher School of Economics, Russia)

Matching Room: Dali Organizer(s): Onur Kesten, Chair: Alex Teytelboym Presenter Title From Sequential to Parallel Mechanism: Interactions Yuqing Hu (University of Southern California, USA, of Centralized College Recruitment and Early [email protected]) Admission The instability of matching with overconfident agents: Siqi Pan (Ohio State University, USA, [email protected]) Laboratory and Field Investigations Alex Teytelboym (University of Oxford, UK, Refugee Resettlement [email protected]) James Schummer (Northwestern University, USA, Influencing Waiting Lists [email protected])

Cooperative Games Room: Monet Organizer(s): Michel Grabisch Presenter Title Stéphane Gonzalez (Université Jean Monnet, France, [email protected]) The social cost problem, rights and the (non)empty Alain Marciano (LAMETA, France) core Philippe Solal (Université Jean Monnet, France) André Casajus (HHL Leipzig Graduate School of Management, Weakly differentially monotonic solutions for Germany, [email protected]) cooperative games Koji Yokote (Waseda University, Japan) José Manuel Zarzuelo (University of the Basque Country, Least square approach on discrete cost allocation Spain, [email protected]) problems M. Josune Albizuri (University of the Basque Country, Spain) Peter Sudhölter (University of Southern Denmark, Denmark, [email protected]) Characterization of TU games with stable cores by Michel Grabisch (University Paris I, Paris School of nested balancedness Economics, France) Thursday, June 29th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Topics in Mechanism Design Room: Van Gogh Organizer(s): Myrna Wooders Presenter Title Tilman Börgers (University of Michigan, USA, Simple Mechanisms [email protected]) Diego Moreno (Universidad Carlos III de Madrid, Spain, [email protected]) Avishay Aiche (University of Haifa, Israel) Ezra Einy (Ben-Guiron University of Negev, Israel) Information Advantage in Tullock Contests Ori Haimanko (Ben-Guiron University of Negev, Israel) Aner Sela (Ben-Guiron University of Negev, Israel) Benyamin Shitovitz (University of Haifa, Israel) Myrna Wooders (Vanderbilt University, USA, [email protected]) Greg Leo (Vanderbilt University, USA) Matching Soulmates Martin van der Linden (Vanderbilt University, USA) Jian Lou (Vanderbilt University, USA) Eugene Vorobeychik (Vanderbilt University, USA)

Financial Markets Room: Matisse Organizer(s): Piero Gottardi Presenter Title Vitor Farinha Luz (University of British Columbia, Canada, [email protected]) Multidimensional competitive insurance Piero Gottardi (European University Institute, Italy) Humberto Moreira (Fundaç ão Getúlio Vargas, Brazil) Jaime Luque (University of Wisconsin-Madison, USA, The Repo Channel of Cross-Border Lending in the [email protected]) European Sovereign Debt Crisis Vincent Maurin (Stockholm School of Economics, Sweden, Liquidity Fluctuations in OTC markets [email protected]) Piero Gottardi (European University Institute, Italy, [email protected]) Competing Mechanisms in Markets for Lemons Sarah Auster (Bocconi University, Italy)

Thursday, June 29th 2:30-4:30 pm Sessions ***************************************************************************** Macroeconomic Dynamics II Room: DaVinci A Organizer(s): Alain Venditti Presenter Title Mauro Bambi (University of York, UK, Procyclical endogenous taxation and aggregate [email protected]) instability Siritas Kettanurak (University of York, UK, Portugal) Leonor Modesto (Catolica Lisbon School of Business and Economics, Portugal, [email protected]) Nicolas Abad (Catolica Lisbon School of Business and The perils of stabilization policies Economics, Portugal) Teresa Lloyd-Braga (Catolica Lisbon School of Business and Economics, Portugal) Ngoc-Sang Pham (Montpellier Business School, France, [email protected]) Intertemporal equilibrium with heterogeneous agents, Stefano Bosi (EPEE, University of Evry, France) endogenous dividends and collateral constraints Cuong Le Van (PSE, France) Daria Onori (University of Orléans, LEO, France, [email protected]) Monetary rules in a two-sector endogenous growth Antoine Le Riche (Sichuan University, China) model with cash-in-advance constraint Francesco Magris (University of Tours, LEO, France)

Sovereign Debt Room: DaVinci B Organizer(s): Timothy J. Kehoe Presenter Title Radek Paluszynski (University of Houston, USA, Learning about Debt Crises [email protected]) Laura Sunder-Plassmann (University of Copenhagen, Bank Exposure to Sovereign Debt: Amplifier of Crisis Denmark, [email protected]) Risk? Benedetto Molinari (Universidad de Málaga, Spain, [email protected]) Evaluation of the Greek 2010 Memorandum of Gonzalo Fernández de Córdoba (Universidad de Málaga, Understanding Spain) Jose L. Torres (Universidad de Málaga, Spain) Georgios Stefanidis (University of Minnesota and Federal Consequences of the Lending-into-Arrears IMF Policy Reserve Bank of Minneapolis, USA, [email protected]) Shift

Thursday, June 29th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Household Finance Room: DaVinci C Organizer(s): Constantine Yannelis Presenter Title Markus Baldauf (University of British Columbia, Canada, [email protected]) Trading in Fragmented Markets Joshua Mollner (Northwestern University – Kellogg School of Management, USA) Martin Szydlowski (University of Minnesota, USA, [email protected]) The Market for Conflicted Advice Briana Chang (University of Wisconsin-Madison, USA) Ji Yan (University of Oxford, UK, [email protected]) Mortgage, Financial Intermediation and Optimism Dimitrios P. Tsomocos (University of Oxford, UK) Constantine Yannelis (New York University Stern School of Strategic Default on Student Loans Business, USA, [email protected])

Matching Theory and Market Design I Room: Dali Organizer(s): Fuhito Kojima, Chair: Peter Troyan Presenter Title Guillaume Haeringer (Baruch College, USA, [email protected]) Gradual College Admission Vincent Iehlé (University of Rouen, France) Roberto Burguet (Barcelona GSE, Spain; University of Central Coalitional Bargaining with Consistent Florida, USA, [email protected]) Counterfactuals Ramon Caminal (Barcelona GSE, Spain) Peter Troyan (University of Virginia, USA, Efficient and Essentially Stable Assignments [email protected])

Game Theory and Competition Room: Monet Organizer(s): Walter Trockel, Chair: Patrick Beißner Presenter Title Emma Moreno-Garcia (Universidad de Salamanca, Spain, [email protected]) On bargaining sets for finite economies Javier Hervés-Estévez (Universidad de Vigo, Spain) Patrick Beißner (Bielefeld University, Germany, [email protected]) Equilibria and Knightian Price Uncertainty Frank Riedel (Bielefeld University, Germany) Walter Trockel (Bielefeld University, Germany, [email protected]) Competitive Payoffs in Coalitional Markets Cheng-Zhong Qin (University of California, Santa Barbara, USA) Michael Zierhut (Institute of Financial Economics, Humboldt Indeterminacy of Cournot-Walras Equilibrium with University, Germany, [email protected]) Incomplete Markets

Thursday, June 29th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Mechanism Design and Monetary Theory Room: Van Gogh Organizer(s): Tai-Wei Hu, Chair: Ines Barreda Presenter Title Nima Haghpanah (Penn State University, USA, Optimal Auctions for Correlated Bidders with [email protected]) Sampling The Role of Heterogeneity in a Model of Strategic Kaustav Das (University of Exeter, UK, [email protected]) Experimentation Ines Moreno de Barreda (Oxford University, UK, Effective Signal-jamming [email protected]) Dila Asfuroglu (Cologne Graduate School, Germany, On the Impacts of Anticipated Inflation [email protected])

Diffusion, Growth and Trade Room: Matisse Organizer(s): Costas Arkolakis Presenter Title Kamran Bilir (University of Wisconsin - Madison, USA, The Spatial Diffusion of Knowledge [email protected]) Felix Tintelnot (University of Chicago, USA, [email protected]) Ken Kikkawa (University of Chicago, USA) Trade and Domestic Production Networks Magne Mogstad (University of Chicago, USA) Emmanuel Dhyne (National Bank of Belgium, Belgium) Fabian Eckert (Yale University, USA, [email protected]) Spatial Structural Change

Thursday, June 29th 5:00-7:00 pm Sessions ***************************************************************************** Topics in Microeconomics Room: DaVinci A Organizer(s): Rabah Amir Presenter Title Paul Milgrom (Stanford University, USA, [email protected]) The Economics and Computer Science of a Radio

Kevin Leyton-Brown (University of British Columbia, Canada) Spectrum Reallocation Ilya Segal (Stanford University, USA) Katarzyna Werner (Manchester Metropolitan University, UK, On Environmental Regulation of Oligopoly Markets: [email protected]) Emission versus Performance Standards Iryna Topolyan (University of Cincinnati, USA, Price competition when three are few and four are [email protected] [email protected]) many Colin Rowat (University of Birmingham, UK, Symmetry-breaking in linear-quadratic differential [email protected]) games Florian Wagener (University of Amsterdam, The Netherlands)

Thursday, June 29th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Information and Incentives Room: DaVinci B Organizer(s): Claudio Mezzetti Presenter Title Humberto Moreira (Fundaç ao Getulio Vargas, Brazil, ̃ ́ Robust Mechanism Design [email protected]) V. Bhaskar (University of Texas, USA, [email protected]) The Design of Credit Information Systems Caroline Thomas (University of Texas, USA) Sinem Hidir (University of Warwick, UK, Information Acquisition and Credibility [email protected]) Claudio Mezzetti (University of Queensland, Australia, Information Acquisition, Bargaining and [email protected]) Intermediation

Financial Intermediation and Macro II Room: DaVinci C Organizer(s): Igor Livshits Presenter Title Igor Livshits (University of Western Ontario, Canada, [email protected]) Regulation of Consumer Credit with Over-Optimistic Florian Exler (University of Mannheim, Germany) Borrowers James MacGee (University of Western Ontario, Canada) Michele Tertilt (University of Mannheim, Germany) Andy Glover (University of Texas, Austin, USA, Employer Credit Checks: Poverty Traps versus [email protected]) Matching Efficiency Dean Corbae (University of Wisconsin, USA) Kyle Herkenhoff (University of Minnesota, USA, [email protected]) Knowledge diffusion within and across firms Guido Menzio (University of Pennsylvania, USA) Jeremy Lise (University of Minnesota, USA)

Matching Theory and Market Design II Room: Dali Organizer(s): Fuhito Kojima, Chair: Inacio Bo Presenter Title Romans Pancs (Instituto Tecnológico Autónomo de México, A Social-Status Rationale for Repugnant and Mexico, [email protected]) Protected Market Transactions Patrick Harless (University of Glasgow, UK) Tong Wang (University of Chicago, USA, A Welfare Comparison of School Choice Mechanisms [email protected]) Inacio Bo (Berlin Social Science Center, Germany, [email protected]) The Iterative Deferred Acceptance Mechanism Rustamdjan Hakimov (Berlin Social Science Center, Germany)

Thursday, June 29th 5:00-7:00 pm Sessions (Continued) ***************************************************************************** Finance and Decision Room: Monet Organizer(s): Alain Chateauneuf and Bernard Cornet, Chair: Bernard Cornet Presenter Title Nicholas Yannelis (University of Iowa, USA, Modeling asymmetric information [email protected]) Jean-Philippe Lefort (Université Paris Dauphine, France, [email protected]) Ambiguity and Probabilistic Information Adam Dominiak (Virginia Tech, USA) Marcus Pivato (Trent University, Canada, Subjective expected utility representations for Savage [email protected]) preferences on topological spaces Vassili Vergopoulos (PSE, France) Bernard Cornet (PSE-University of Paris I & University of Kansas, France and USA, [email protected]) Financial markets with hedging complements Alain Chateauneuf (PSE-University of Paris I, France)

Communication and Persuasion Room: Van Gogh Organizer(s): Andy Zapechelnyuk Presenter Title Ricardo Alonso (London School of Economics, UK, [email protected]) On the value of persuasion by experts Odilon Camara (University of Southern California, USA) Anton Kolotilin (University of New South Wales, Australia, [email protected]) Relational Communication Hongyi Li (University of New South Wales, Australia) Alex Smolin (University of Bonn, Germany, Disclosure and Pricing of Attributes [email protected]) Jack Stecher (Carnegie Mellon University, USA, [email protected]) Michael Ebert (University of Paderborn, Germany) Disclosure and Rollover Risk Joseph B. Kadane (Carnegie Mellon University, USA) Dirk Simons (University of Mannheim, Germany)

Firms, Workers and Trade Room: Matisse Organizer(s): Costas Arkolakis Presenter Title Treb Allen (Dartmouth College, USA, [email protected]) Geography and Path Dependence Dave Donaldson (MIT, USA) Costas Arkolakis (Yale University, USA, The Welfare Effects of Transportation Infrastructure [email protected]) Improvements Treb Allen (Dartmouth College, USA) Federico Esposito (Tufts University, USA, Entrepreneurial Risk and Diversification through [email protected]) Trade Do Foreign Firms Change Culture? Evidence from Alessandra Gonzalez (University of Chicago, USA, Female Executives and Firms in the Gulf Cooperation [email protected]) Council

FRIDAY, JUNE 30

Friday, June 30th 9:30-11:30 am Sessions ***************************************************************************** Recent Advances in Economic Theory Room: DaVinci A Organizer(s): Amanda Friedenberg, Chair: Laura Doval Presenter Title Chen Zhao (Princeton University, USA, Pseudo-Bayesian Updating [email protected]) John Rehbeck (University of California, San Diego, USA, Revealed Preference Analysis of Characteristics in [email protected]) Discrete Choice Roy Allen (University of California, San Diego, USA) Allan Roberto Hernández-Chanto (Arizona State University, Centralized Assignment of Students to Majors: USA, [email protected]) Evidence from the University of Costa Rica Jiangtao (Jason) Li (University of New South Wales, Australia, [email protected]) Equivalence of Stochastic and Deterministic Yi-Chun Chen (National University of Singapore, Singapore) Mechanisms Wei He (Chinese University of Hong Kong, Hong Kong) Yeneng Sun (National University of Singapore, Singapore)

Topics in Financial Economics Room: DaVinci B Organizer(s): Edward Simpson Prescott Presenter Title Takeshi Nakata (Niigata University, Japan, Bank Runs and Sovereign Debt Defaults [email protected]) Yaron Leitner (Federal Reserve Bank of Philadelphia, USA, Should regulators reveal their stress-testing models to [email protected]) bank? Basil Williams (New York University , USA) Christoph Siemroth (University of Essex, UK, [email protected]) Crowdfunding, Efficiency, and Inequality Hans Peter Grüner (University of Mannheim, Germany) Edward Simpson Prescott (Federal Reserve Bank of Stress Test Reporting Incentives Cleveland, USA, [email protected])

Complementarities and Games Room: DaVinci C Organizer(s): Kevin Reffett and Lukasz Wozny, Chair: Lukasz Wozny Presenter Title Simone Galperti (University of California, San Diego, USA, Coordination, competition for attention, and [email protected]) information supply Isabel Trevino (University of California, San Diego, USA) Lukasz Balbus (University of Zielona Gora, Poland, Markov perfect equilibria in altruistic OLG models [email protected]) with paternalistic and nonpaternalistic features Lukasz Wozny (Warsaw School of Economics, Poland, [email protected]) Markov equilibria in dynamic supermodular Lukasz Balbus (University of Zielona Gora, Poland) economies with a measure space of players Pawel Dziewulski (University of Oxford, UK) Kevin Reffett (Arizona State University, USA)

Friday, June 30th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Games and Markets Room: Dali Organizer(s): Leonidas Koutsougeras Presenter Title Yukinori Iwata (Nishogakusha University, Japan, y- Nomination, Rationality, and Collective Choice [email protected]) Nicholas Ziros (University of Cyprus, Cyprus, [email protected]) Vote Trading under Complete Information Fei Xu (University of Manchester, UK, Corruption Decisions and Failure of the Bribery [email protected]) Market Luciana Nicollier (University of Manchester, UK, Buying Information from Consumers [email protected])

Dynamic Games and Reputation Room: Monet Organizer(s): Johannes Hörner Presenter Title Chiara Margaria (Yale University, USA, Queueing to Learn [email protected]) Chantal Marlats ( Laboratoire d'économie mathématique et de Reputation effects in stochastic games with two long microéconomie appliquée (LEMMA), France, lived players [email protected]) Anna Sanktjohanser (University of Oxford, UK, Optimally Stubborn [email protected]) Caroline Thomas (University of Texas at Austin, USA, Career Concerns and Policy Intransigence – A [email protected]) Dynamic Signalling Model

Equilibrium, Ambiguity and Externalities Room: Van Gogh Organizer(s): Maria Gabriella Graziano and Vincenzo Platino, Chair: Maria Gabriella Graziano Presenter Title Giuseppe De Marco (University of Naples Parthenope, Italy, Ambiguous Games without a State Space and Full [email protected]) Rationality Robert Routledge (University of Liverpool, UK, Information, Ambiguity and Price Equilibrium [email protected]) Carlos Hervés-Beloso (Universidad de Vigo, Spain, On Coase Theorem within a general equilibrium [email protected]) framework Emma Moreno-García (Universidad de Salamanca, Spain) Vincenzo Platino (University of Naples Federico II, Italy, On the regularity of smooth production economies [email protected]) with externalities: Competitive equilibrium à la Nash Elena del Mercato (Paris School of Economics, France)

Friday, June 30th 9:30-11:30 am Sessions (Continued) ***************************************************************************** Topics in Economic Theory II Room: Matisse Organizer(s): Philippe Bich Presenter Title Sebastián Andrés Cea Echenique (University Paris 1 Panthéon Common Beliefs and Welfare: Opposite Beliefs can Sorbonne, France, [email protected]) Share a Similar Result Alejandra Marinkovic (Universidad Adolfo Ibáñez, Chile) Rabah Amir (University of Iowa, USA, rabah- Nash Equilibrium in Games with Quasi-Monotonic [email protected]) Best-Responses Luciano De Castro (University of Iowa, USA) Luciano De Castro (University of Iowa, USA, luciano- Dynamic optimization with quantile utility [email protected]) Philippe Bich (University Paris 1 Panthéon Sorbonne, France, On the existence of a pairwise stable weighted [email protected]) network Lisa Morhaim (University Paris 2 Assas, France)

Friday, June 30th 2:30-4:30 pm Sessions ***************************************************************************** Topics in Economic Theory & Industrial Organization Room: DaVinci A Organizer(s): Marta Faias Presenter Title Gonçalo Faria (Universidade Católica Portuguesa – Católica Porto Business School and GEGE, Portugal, The equity risk premium and the low frequency of the [email protected]) term spread Fabio Verona (Bank of Finland - Monetary Policy and Research Department, Finland) Marta Faias (Universidade Nova de Lisboa, Portugal, Commercial Real Estate Development, Investments, [email protected]) and Taxes Jaime Luque (University of Wisconsin-Madison, USA) Milena Almagro-García (New York University, USA, [email protected]) Heterogeneity in Decision Making: Evidence from the A. Lizzeri (New York University, USA) NYC Taxi Industry G. Frechette (New York University, USA) T. Salz (Columbia University, USA)

Friday, June 30th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Topics in Macroeconomics IV Room: DaVinci B Organizer(s): Igor Livshits Presenter Title Lukasz Drozd (Federal Reserve Bank of Philadelphia, USA, [email protected]) Accounting for the Slow Growth of New Exporters Rahul Giri (International Monetary Fund, USA) Junjie Xia (University of Southern California, USA) Ricardo Serrano-Padial (Drexel University, USA, [email protected]) Credit Enforcement Cycles Lukasz Drozd (Federal Reserve Bank of Philadelphia, USA) Marina Mendes Tavares (ITAM, Mexico, [email protected]) Policy Distortions and Aggregate Productivity with Jose-Maria Da-Rocha (Universidade de Vigo, Spain) Endogenous Establishment-Level Productivity Diego Restuccia (University of Toronto, Canada) Jacob Short (University of Western Ontario, Canada, Can Capital Deepening Explain the Global Decline in [email protected]) Labor's Share? Andy Glover (University of Texas, USA)

Topics in Game Theory III Room: DaVinci C Organizer(s): Richard P. McLean Presenter Title Oriol Carbonell-Nicolau (Rutgers University, USA, carbonell- Equilibria in Infinite Games of Incomplete [email protected]) Information Metin Uyanik (Queesland University, Australia, Topological Connectedness and Behavioral [email protected]) Assumptions on Preferences: A Two-Way Relationship M. Ali Khan (Johns Hopkins University, USA) M. Ali Khan (Johns Hopkins University, USA, [email protected]) On Hurwicz-Nash Equilibria of Non-Bayesian Games Patrick Beißner (Bielefeld University, Germany) under Incomplete Information Richard P. McLean (Rutgers University, USA, On the Existence of Equilibrium in Bayesian Games [email protected]) with Correlated Types Oriol Carbonell-Nicolau (Rutgers University, USA)

Friday, June 30th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** Game Theory and Applications Room: Dali Organizer(s): Klaus Ritzberger Presenter Title David Kelsey (University of Exeter, UK, [email protected]) Ambiguity and the Centipede Game: Strategic Jürgen Eichberger (Heidelberg University, Germany) Uncertainty in Multi-Stage Games Simon Grant (Australian National University, Australia) Martin Meier (Institute for Advanced Studies, Austria, [email protected]) Perfect Quasi-Perfect Equilibrium Larry Blume (Cornell University, USA) Renato Soeiro (LIAAD-INESC and University of Porto, Portugal, [email protected]) Alberto A. Pinto (Univ. Porto and LIAAD-INESC TEC, Duopolies with Social Externalities Portugal)

Klaus Ritzberger (Royal Holloway, University of London, UK, [email protected]) Intermediation with Price Competition Thomas P. Gehrig (University of Vienna, Austria)

Dynamic Programming Room: Monet Organizer(s): Juan Pablo Rincón-Zapatero Presenter Title Martin Dumav (Universidad Carlos III de Madrid, Spain, Continuous-Time Contracting with Ambiguous [email protected]) Perceptions Anna Jaskiewicz (Wrocław University of Science and Technology, Poland, [email protected]) Markov Perfect Equilibria in a Dynamic Decision Lukasz Balbus (University of Zielona Góra, Poland) Model with Quasi-hyperbolic Discounting Andrzej S. Nowak (University of Zielona Góra, Poland) A Contraction-Mapping Proof of Differentiability of Juan Pablo Rincon-Zapatero (Universidad Carlos III de the Value Function in Concave Dynamic Madrid, Spain, [email protected]) Programming without Interiority Assumptions

Updating in the Presence of Ambiguous Beliefs Room: Van Gogh Organizer(s): Maxwell B. Stinchcombe Presenter Title Swagata Bhattacharjee (Ashoka University, India, Contracting for Innovation under Ambiguity [email protected]) Filippo Massari (University of New South Wales, Australia, [email protected]) Learning from ambiguous and misspecified models Massimo Marinacci (Bocconi University, Italy) Simone Cerreia Vioglio (Bocconi University, Italy, Robust Mean Variance Approximations [email protected]) Maxwell B. Stinchcombe (University of Texas at Austin, USA, Uncertainty Aversion, Intellectual Modesty, and Open- [email protected]) Mindedness

Friday, June 30th 2:30-4:30 pm Sessions (Continued) ***************************************************************************** General Equilibrium, Bankruptcy and Taxes Room: Matisse Organizer(s): Aloisio Araujo and Juan Pablo Gama Presenter Title Aloisio Araujo (IMPA, FGV-EPGE, Brazil, [email protected]) Regulating Bankruptcy and Arrow Debreu Mauricio Villalba (IMPA, Brazil) Equilibrium Juan Pablo Gama (IMPA, Brazil, [email protected]) Aloisio Araujo (IMPA, FGV-EPGE, Brazil) General equilibrium with uncertainty seeking Alain Chateauneuf (IPAG Business School and Paris School of preferences Economics, Université de Paris I, France) Rodrigo Novinski (Faculdades Ibmec-RJ, Brazil) J. Mauricio Villalba (IMPA, Brazil, [email protected]) Bankruptcy Equilibrium: Efficiency and Contagion

Friday, June 30th 5:00-7:00 pm Sessions ***************************************************************************** Decision Theory II Room: DaVinci A Organizer(s): Simone Cerreia Vioglio Presenter Title Shaowei Ke (University of Michigan, USA, Randomization and Ambiguity Aversion [email protected]) Stefania Minardi (HEC Paris, France, [email protected]) Itzhak Gilboa (Tel Aviv University and HEC, Paris, France) Cases and Scenarios in Decisions under Uncertainty Larry Samuelson (Yale University, USA) Collin B. Raymond (Purdue University, USA, Payoff Belief Separable Preferences [email protected]) Ana Carolina Santos (Insper, Brazil, [email protected]) Updating variational (Bewley) preferences José Heleno Faro (Insper, Brazil)