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ANNUAL CONFERENCE 2019 the University of Warwick 15–17 April 2019 ANNUAL CONFERENCE 2019 The University of Warwick 15–17 April 2019 Join the conversation #RES2019 Programme Overview MONDAY 15 APRIL TUESDAY 16 APRIL WEDNESDAY 17 APRIL 9:00 Registration General Sessions 2 General Sessions 4 9:15 Tea & Coffee [Oculus & Social Sciences] [Oculus & Social Sciences] 9:30 [Oculus Atrium] 9:45 10:00 10:15 10:30 Tea & Coffee Tea & Coffee 10:45 [Atrium, Oculus Building] [Atrium, Oculus Building] 11:00 Hahn Lecture Sargan Lecture Economic Journal Lecture 11:15 (Anne Case, Princeton) (James J Heckman, Chicago) (Eliana La Ferrara, Bocconi) 11:30 [Oculus OC 1.05] [Oculus OC 1.05] [Oculus OC 1.05] 11:45 12:00 12:15 Plenary Session: How lives RES Women’s Committee 12:30 Lunch Lunch Lunch [Rootes change: Palanpur, India and [Rootes Annual General Meeting [Rootes Special Session 12:45 Development Economics Restaurant] Restaurant] [Oculus OC 0.04] Restaurant] [Oculus OC 1.05] 13:00 [Oculus OC 1.05] 13:15 General Sessions 1 General Sessions 3 General Sessions 5 13:30 [Oculus & Social Sciences] [Oculus & Social Sciences] [Oculus & Social Sciences] 13:45 14:00 14:15 14:30 14:45 Tea & Coffee Tea & Coffee Tea & Coffee 15:00 [Atrium, Oculus Building] [Atrium, Oculus Building] [Atrium, Oculus Building] 15:15 Past President’s Address Plenary Session: Refugees: past crises Special Sessions C 15:30 (Peter Neary, Oxford) and future challenges [Oculus] 15:45 [Oculus OC 1.05] [Oculus OC 1.05] 16:00 16:15 16:30 Tea & Coffee Tea & Coffee 16:45 [Atrium, Oculus Building] [Atrium, Oculus Building] 17:00 Special Sessions A Special Sessions B 17:15 [Oculus] [Oculus] 17:30 17:45 18:00 18:15 Use the RES Conference app to 18:30 Free Time network with speakers, sponsors, 18:45 Drinks Reception and other delegates, and to create 19:00 [Oculus Atrium] your own personalised schedule. Drinks Reception and Gala Dinner Please wear your conference badge 19:15 [Fusion Bar and Panorama Suite, Follow the link 19:30 Rootes Building] www.res2019ac.com 19:45 Please bring your ticket Free Time Tweet using 20:00 #RES2019 later 3 Contents Welcome to the 2019 Annual Conference ............................................................... 2 Head of Department Welcome ................................................................................... 3 Department of Economics at the University of Warwick ...................................... 4 General Information ......................................................................................................7 Organisers and Committees ....................................................................................... 8 The Royal Economic Society ........................................................................................ 9 The Economic Journal and The Econometrics Journal Prizes ............................11 Plenary Sessions ...........................................................................................................15 Summary of Events ................................................................................................17-23 Meetings, Symposium and Events .....................................................................24-26 Monday’s events programme ............................................................................. 27-38 Tuesday’s events programe .................................................................................39-59 Wednesday’s events programme .......................................................................61-81 Royal Economic Society 2020 Annual Conference ...............................................83 Index of Participants ..............................................................................................85-88 Social Sciences plan .....................................................................................................88 Oculus Ground floor plan ......................................................................................... IBC Oculus First floor plan ............................................................................................... IBC Campus map..............................................................................................................OBC © The Royal Economic Society 2019 Design by Phil McAllister Design Printed in the UK by Ashford Colour Press 4 Welcome to the 2019 Annual Conference t is my pleasure to welcome you all to decisions are being made at the RES our 2019 Annual Conference at the Council meeting and Annual General IUniversity of Warwick. Over the next Meeting. And our next RES President and three days, around 500 academic papers Council members will be announced. Our will be presented to 700 economists Heads of Departments and journal editors covering a huge range of subjects from will be discussing the latest developments pollution to political corruption and class in their committee meetings on the fringes Professor sizes to currencies. on the Conference. The Royal Economic Society’s Annual Organised by the RES Women’s Lord Nicholas Stern Conference is the highlight of the Committee, there is also a mentoring RES President academic calendar and brings together retreat on the Sunday and Monday professional economists, PhD students and before the Conference begins for female leading academics to explore the latest junior economists. developments in economics and showcase Again, we will be holding our RES its real-world applications. This year we Presents – a series of early evening events are fortunate to have Anne Case, James J on topical issues open to the public. If you Heckman, Eliana La Ferrara and Peter Neary want to ask your questions to our panels as our keynote speakers. on Brexit, communicating economics I am also looking forward to returning to or how universities and businesses can the University of Warwick on the outskirts of interact, then please come along to the Coventry for our 2019 Annual Conference evening events. and to be hosted by the Department And on Thursday you are also of Economics, where I was Professor of welcome to attend the Symposium of Economics more than 30 years ago. Being Junior Researchers, organised by research campus based, Conference delegates will students to foster discussions in all areas benefit from the University’s state of the of economics. art facilities and accommodation as well as While there is much to look forward to, it transport links to London and further afield. would not be possible without the student But there is also an important social volunteers, the Conference Committee and side to the Annual Conference – where you the RES staff who make it such a success. have the opportunity to meet new people Yet their tireless work never ends, as and renew old friendships. On the Monday thought is already turning to next year’s evening you are welcome to attend the 2020 Annual Conference where we will be drinks reception and, if you have a ticket, traveling to Belfast for the first time. our Gala Dinner on Tuesday evening. The RES Annual Conference is truly a Equally there is more to the Conference wonderful intellectual and social experience than the special sessions, plenaries and and I hope you enjoy this year’s Conference keynote lectures. Important democratic as much as I will. The RES Annual Conference is truly a wonderful intellectual and social experience and I hope you enjoy this year’s Conference as much as I will 5 Head of Department Welcome am honoured and delighted to welcome I hope that the conference will give you all to the University of Warwick for you a chance to find out more about I the Royal Economic Society 2019 Warwick Economics. As one of the Annual Conference. largest and most successful Economic I hope that the conference will provide Departments in the UK, we strive to build a lot of opportunities for you to share on the high research and teaching profile your expertise and engage in meaningful to improve further our standing in an Professor discussions with colleagues and enable you international market, attracting top quality to make important connections to enhance staff and students and enhancing our Jeremy Smith your professional development as well as reputation for excellence. Head of enable collaborative work in the future. If it is your first time at Warwick, I hope Department I am very proud that the Warwick you will enjoy the facilities that our campus Department of Economics has been chosen offers and the hospitality provided by this year to host this important conference Warwick Conferences. and we are privileged to have worked with On behalf of the Department of the conference planning committee to make Economics I wish you all a productive and this event a meaningful experience for you. enjoyable time. I am honoured and delighted to welcome you all to the University of Warwick for the Royal Economic Society 2019 Annual Conference 6 Department of Economics at the University of Warwick reated in 1965, the same year Our lively research environment is as the University of Warwick itself, built around seminars and workshops Cthe Department of Economics covering a wide range of disciplines within has become widely regarded as one of Economics. The Department has around 86 the top economics departments in the faculty members (including 23 professors, UK and Europe. 10 associate professors and 18 assistant professors) and a strong support team. Our Research We host a number of prominent research We are already one of the leading centres centres that reflect our breadth of study: for research in economics in Europe with six The Centre for Competitive
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