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The Econometric Society European Region Aide Mémoire
The Econometric Society European Region Aide M´emoire March 22, 2021 1 European Standing Committee 2 1.1 Responsibilities . .2 1.2 Membership . .2 1.3 Procedures . .4 2 Econometric Society European Meeting (ESEM) 5 2.1 Timing and Format . .5 2.2 Invited Sessions . .6 2.3 Contributed Sessions . .7 2.4 Other Events . .8 3 European Winter Meeting (EWMES) 9 3.1 Scope of the Meeting . .9 3.2 Timing and Format . 10 3.3 Selection Process . 10 4 Appendices 11 4.1 Appendix A: Members of the Standing Committee . 11 4.2 Appendix B: Winter Meetings (since 2014) and Regional Consultants (2009-2013) . 27 4.3 Appendix C: ESEM Locations . 37 4.4 Appendix D: Programme Chairs ESEM & EEA . 38 4.5 Appendix E: Invited Speakers ESEM . 39 4.6 Appendix F: Winners of the ESEM Awards . 43 4.7 Appendix G: Countries in the Region Europe and Other Areas ........... 44 This Aide M´emoire contains a detailed description of the organisation and procedures of the Econometric Society within the European Region. It complements the Rules and Procedures of the Econometric Society. It is maintained and regularly updated by the Secretary of the European Standing Committee in accordance with the policies and decisions of the Committee. The Econometric Society { European Region { Aide Memoire´ 1 European Standing Committee 1.1 Responsibilities 1. The European Standing Committee is responsible for the organisation of the activities of the Econometric Society within the Region Europe and Other Areas.1 It should undertake the consideration of any activities in the Region that promote interaction among those interested in the objectives of the Society, as they are stated in its Constitution. -
Estimating the Effects of Fiscal Policy in OECD Countries
Estimating the e®ects of ¯scal policy in OECD countries Roberto Perotti¤ This version: November 2004 Abstract This paper studies the e®ects of ¯scal policy on GDP, in°ation and interest rates in 5 OECD countries, using a structural Vector Autoregression approach. Its main results can be summarized as follows: 1) The e®ects of ¯scal policy on GDP tend to be small: government spending multipliers larger than 1 can be estimated only in the US in the pre-1980 period. 2) There is no evidence that tax cuts work faster or more e®ectively than spending increases. 3) The e®ects of government spending shocks and tax cuts on GDP and its components have become substantially weaker over time; in the post-1980 period these e®ects are mostly negative, particularly on private investment. 4) Only in the post-1980 period is there evidence of positive e®ects of government spending on long interest rates. In fact, when the real interest rate is held constant in the impulse responses, much of the decline in the response of GDP in the post-1980 period in the US and UK disappears. 5) Under plausible values of its price elasticity, government spending typically has small e®ects on in°ation. 6) Both the decline in the variance of the ¯scal shocks and the change in their transmission mechanism contribute to the decline in the variance of GDP after 1980. ¤IGIER - Universitµa Bocconi and Centre for Economic Policy Research. I thank Alberto Alesina, Olivier Blanchard, Fabio Canova, Zvi Eckstein, Jon Faust, Carlo Favero, Jordi Gal¶³, Daniel Gros, Bruce Hansen, Fumio Hayashi, Ilian Mihov, Chris Sims, Jim Stock and Mark Watson for helpful comments and suggestions. -
Topologies on Types
Theoretical Economics 1 (2006), 275–309 1555-7561/20060275 Topologies on types EDDIE DEKEL Department of Economics, Northwestern University and School of Economics, Tel Aviv University DREW FUDENBERG Department of Economics, Harvard University STEPHEN MORRIS Department of Economics, Princeton University We define and analyze a “strategic topology” on types in the Harsanyi-Mertens- Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the dis- tance between a pair of types as the difference between the smallest " for which the action is " interim correlated rationalizable. We define a strategic topology in which a sequence of types converges if and only if this distance tends to zero for any action and game. Thus a sequence of types converges in the strategic topol- ogy if that smallest " does not jump either up or down in the limit. As applied to sequences, the upper-semicontinuity property is equivalent to convergence in the product topology, but the lower-semicontinuity property is a strictly stronger requirement, as shown by the electronic mail game. In the strategic topology, the set of “finite types” (types describable by finite type spaces) is dense but the set of finite common-prior types is not. KEYWORDS. Rationalizability, incomplete information, common knowledge, uni- versal type space, strategic topology. JEL CLASSIFICATION. C70, C72. 1. INTRODUCTION Harsanyi (1967–68) proposed, and Mertens and Zamir (1985) constructed, a universal type space into which (under some technical assumptions) any incomplete information about a strategic situation can be embedded. As a practical matter, applied researchers do not work with that type space but with smaller subsets of the universal type space. -
The Political Economy of Intellectual Property Treaties
THE POLITICAL ECONOMY OF INTELLECTUAL PROPERTY TREATIES Suzanne Scotchmer* National Bureau of Economic Research Cambridge, MA 02138 Working Paper 9114 August 2002, revised January 2003 Abstract: Intellectual property treaties have two main types of provisions: national treatment of foreign inventors, and harmonization of protections. I address the positive question of when countries would want to treat foreign inventors the same as domestic inventors, and how their incentive to do so depends on reciprocity. I also investigate an equilibrium in which regional policy makers choose IP policies that serve regional interests, conditional on each other's policies, and investigate the degree to which \harmonization" can redress the resulting ine±ciencies. *I thank Stylianos Tellis and Kevin Schubert for research assistance, and Brian Wright, Alan Deardor®, Nancy Gallini, Rich Gilbert, Gene Grossman, Mark Lemley, Stephen Maurer, Pam Samuelson, and seminar participants at Industry Canada, Ecole des Mines, and University of Auckland for helpful comments. I thank the National Science Foundation for ¯nancial support. 1 1Introduction The economic rationale for intellectual property (IP) is that it encourages development of new products, and thus generates consumers' surplus. The net pro¯t that accrues to inventors is also a social bene¯t, since it is a transfer from consumers. However pro¯t is recognized as a necessary evil, since the °ip side of pro¯t is deadweight loss. There is no economic rationale for protecting inventors per se. This reasoning gets subverted in the international arena. To a trade policy negotia- tor, pro¯t earned abroad is unambiguously a good thing, and the consumers' surplus conferred on foreign consumers does not count at all. -
Downloaded from Elgar Online at 09/26/2021 09:15:43PM Via Free Access
JOBNAME: Bertocco PAGE: 1 SESS: 3 OUTPUT: Mon Feb 20 13:20:39 2017 Bibliography Quotations from works for which an English edition is not available have been translated by the author. Acemoglu, D. (2009), ‘The Crisis of 2008: structural lessons for and from economics’, CEPR Policy Insight, No. 28, January. Acemoglu, D. and J. Robinson (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York: Random House. Admati, A. and M. Hellwig (2013), The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It, Princeton, NJ: Princeton University Press. Akerlof, G. (1970), ‘The market for “lemons”: quality uncertainty and the market mechanism’, Quarterly Journal of Economics, 84 (3), 488–500. Akerlof, G., O. Blanchard, D. Romer and J. Stiglitz (eds) (2014), What Have We Learned? Macroeconomic Policy After the Crisis, Cambridge, MA: The MIT Press. Akerlof, G. and R. Shiller (2009), Animal Spirits: How Human Psychol- ogy Drives the Economy, and Why It Matters for Global Capitalism, Princeton, NJ: Princeton University Press. Aoki, M. (2001), ‘To the rescue or to the abyss: notes on the Marx in Keynes’, Journal of the Economic Issues, XXXV (4), 931–953. Argitis, A. (2013), ‘The illusion of the “new consensus” in macro- economics: a Minskian analysis’, Journal of Post Keynesian Eco- nomics, 35 (3), Spring, 483–505. Aristotle, Politics, translated by Benjamin Jowett (1885), accessed 14 March 2016 at www.globalgrey.co.uk/Pages/politics-aristotle.html. Arrow, K., A. Blinder, P. Diamond, E. Maskin, W. Sharpe, R. Solow, C. Schultze and L. Tyson (2011), Letter to President Obama and Con- gress, accessed 11 January 2016 at www.cbpp.org/sites/default/files/ atoms/7-19-11bad-pr-sig.pdf. -
32:1 Berkeley Technology Law Journal
32:1 BERKELEY TECHNOLOGY LAW JOURNAL 2017 Pages 1 to 310 Berkeley Technology Law Journal Volume 32, Number 1 Production: Produced by members of the Berkeley Technology Law Journal. All editing and layout done using Microsoft Word. Printer: Joe Christensen, Inc., Lincoln, Nebraska. Printed in the U.S.A. The paper used in this publication meets the minimum requirements of American National Standard for Information Sciences—Permanence of Paper for Library Materials, ANSI Z39.48—1984. Copyright © 2017 Regents of the University of California. All Rights Reserved. Berkeley Technology Law Journal University of California School of Law 3 Boalt Hall Berkeley, California 94720-7200 [email protected] http://www.btlj.org BERKELEY TECHNOLOGY LAW JOURNAL VOLUME 32 NUMBER 1 2017 TABLE OF CONTENTS ARTICLES THE “ARTICLE OF MANUFACTURE” IN 1887 .......................................................... 1 Sarah Burstein STANDING AGAINST BAD PATENTS ..................................................................... 87 Sapna Kumar DIVERSIFYING THE DOMAIN NAME GOVERNANCE FRAMEWORK ..................... 137 Alice A. Wang THE DATA-POOLING PROBLEM .......................................................................... 179 Michael Mattioli HOW OFTEN DO NON-PRACTICING ENTITIES WIN PATENT SUITS? ................... 237 John R. Allison, Mark A. Lemley & David L. Schwartz SUBSCRIBER INFORMATION The Berkeley Technology Law Journal (ISSN1086-3818), a continuation of the High Technology Law Journal effective Volume 11, is edited by the students of the University of California, Berkeley, School of Law (Boalt Hall) and is published in print three times each year (March, September, December), with a fourth issue published online only (July), by the Regents of the University of California, Berkeley. Periodicals Postage Rate Paid at Berkeley, CA 94704-9998, and at additional mailing offices. POSTMASTER: Send address changes to Journal Publications, University of California, Berkeley Law—Library, LL123 Boalt Hall—South Addition, Berkeley, CA 94720-7210. -
Putting Auction Theory to Work
Putting Auction Theory to Work Paul Milgrom With a Foreword by Evan Kwerel © 2003 “In Paul Milgrom's hands, auction theory has become the great culmination of game theory and economics of information. Here elegant mathematics meets practical applications and yields deep insights into the general theory of markets. Milgrom's book will be the definitive reference in auction theory for decades to come.” —Roger Myerson, W.C.Norby Professor of Economics, University of Chicago “Market design is one of the most exciting developments in contemporary economics and game theory, and who can resist a master class from one of the giants of the field?” —Alvin Roth, George Gund Professor of Economics and Business, Harvard University “Paul Milgrom has had an enormous influence on the most important recent application of auction theory for the same reason you will want to read this book – clarity of thought and expression.” —Evan Kwerel, Federal Communications Commission, from the Foreword For Robert Wilson Foreword to Putting Auction Theory to Work Paul Milgrom has had an enormous influence on the most important recent application of auction theory for the same reason you will want to read this book – clarity of thought and expression. In August 1993, President Clinton signed legislation granting the Federal Communications Commission the authority to auction spectrum licenses and requiring it to begin the first auction within a year. With no prior auction experience and a tight deadline, the normal bureaucratic behavior would have been to adopt a “tried and true” auction design. But in 1993 there was no tried and true method appropriate for the circumstances – multiple licenses with potentially highly interdependent values. -
Responsible for an Remaining Errors. the Research Reported Here Is
NBER WORKING PAPER SERIES USE OF (TI-DoIN) VECTOR AUTOREGRESSIONS TO TEST UNCOVERED INTEREST PARITY Takatoshi Ito Working Paper No. 1193 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 198). The author is thankful to Thomas Sargent and Christopher Sims for various useful suggestions and discussions. Comments from Paul Evans, Fumio Hayashi, Robert Hodrick, Angelo Melino and Danny Quah were very helpful. Financial assistance from the Suntory Foundation and the National Bureau of Economic Research is grate- fully acknowledged. The author is thankful to Lenny Dendunnen for his excellent computational assistance. The author, however, is responsiblefor an remaining errors. The research reported here is part of the NBER's research programs in Financial Markets and MonetaryEconomicsand International Studies. Any opinions expressedare those of the author and not those of the National Bureau of Economic Research. NBER Working Paper !i1493 November 1984 Use of (Time—Domain) Vector Autoregressions to Test Uncovered Interest Parity ABSTRACT In this paper, a vector autoregression model (VAR) is proposed in order to test uncovered interest parity (UIP) in the foreign exchange market. Consider a VAR system of the spot exchange rate (yen/dollar), the domestic (US) interest rate and the foreign (Japanese) interest rate, describing the interdependence of the domestic and international financial markets. Uncovered interest parity is stated as a null hypothesis that the current difference between the two interest rates is equal to the difference between the expected future (log of) exchange rate and the (log of) current spot exchange rate. Note that the VAR system will yield the expected future spot exchange rate as a k—step ahead unconditional prediction. -
Intellectual Property's Leviathan
KAPCZYNSKI_BOOKPROOF (DO NOT DELETE) 12/3/2014 2:10 PM INTELLECTUAL PROPERTY’S LEVIATHAN AMY KAPCZYNSKI* Neoliberalism is a complex, multifaceted concept. As such, it offers many possible points of entry into my primary field of study, that of intellectual property (IP) law. We might begin by investigating tensions between IP law and a purely economic conception of neoliberalism, for example.1 Or we might consider whether or how IP law might be “insulated from democratic governance” while also being rapidly assembled.2 In these few pages, I want to focus instead on a different line of inquiry, one that reveals the powerful grip that one particular neoliberal conception has on our contemporary imaginary: the neoliberal conception of the state. Today, both those who defend robust private IP law and their most prominent critics, I will show, typically describe Copyright © 2014 by Amy Kapczynski. This article is also available at http://lcp.law.duke.edu/. * Associate Professor of Law, Yale Law School. Many thanks to Talha Syed, David Grewal, and Jed Purdy for helpful conversation and comments. This paper is licensed under a Creative Commons Attribution-Non-Commercial 4.0 International license and should be reproduced as “first published in 77 LAW & CONTEMP. PROBS 131 (Fall 2014).” 1. Neoliberalism is commonly understood in economic terms. See, e.g., David Singh Grewal & Jedediah Purdy, Introduction: Law and Neoliberalism, 77 LAW & CONTEMP. PROBS., no. 4, 2014 at 1. David Harvey has argued, however, that neoliberalism as “a political project to re-establish the conditions for capital accumulation and to restore the power of economic elites” tends to prevail over the “economic utopian” conception of neoliberalism. -
Peer Monitoring, Ostracism and the Internalization of Social Norms$
Peer Monitoring, Ostracism and the Internalization of Social NormsI Rohan Dutta1, David K. Levine2, Salvatore Modica3 Abstract We study the consequences of endogenous social norms that overcome public goods problems by providing incentives through peer monitoring and ostracism. We examine incentives both for producers and for monitors. The theory has applications to organizational design - oering possible explanations for why police are rotated between precincts while professional organizations such as doctors are self-policing. It leads to a Lucas critique for experiments and natural experiments - a small level of intervention may be insucient to produce changes in social norms while a high level of intervention may have a very dierent eect because it becomes desirable to change social norms. Finally we study the internalization of social norms - showing how on the one hand it makes it possible to overcome incentive problems that pure monitoring and punishment cannot, and on the other how it leads to an interesting set of trade-os. We conclude with some discussion of cultural norms where norms are not established benevolently by a particular group for its benet but established by others for their own benet. Keywords: one, two IFirst Version: October 14, 2017. We would like to thank Andrea Mattozzi. We gratefully acknowledge support from the EUI Research Council. ∗Corresponding author David K. Levine, 1 Brooking Dr., St. Louis, MO, USA 63130 Email addresses: [email protected] (Rohan Dutta), [email protected] (David K. Levine), [email protected] (Salvatore Modica) 1Department of Economics, McGill University 2Department of Economics, EUI and WUSTL 3Università di Palermo Preprint submitted to Mimeo: dklevine.com February 19, 2018 1. -
Day 1: Responding to the Global Financial Crisis
Day 1: Responding to the Global Financial Crisis https://www.brookings.edu/events/day-1-responding-to-the-global-financ... PAST EVENT 2018 SEP Day 1: Responding to the Global 11 Financial Crisis What we did and why we did it 'f# Join the conversation on Twitter using #FlnCrlslsLessons ozens of consequential decisions were made by U.S. authorities during and D after the financial crisis of 2007-2009. It is important to understand how and why the elements of the rescue were designed the way they were. In an initiative led by Ben Bernanke, Tim Geithner and Hank Paulson, the Hutchins Center on Fiscal and Monetary Policy at Brookings and the Program on Financial Stability at the Yale School of Management are filling that gap by commissioning papers by individuals who were actively involved in designing the elements of the rescue. The primary objective is to answer the inevitable question that those who fight future financial crises will ask: Why and how did they do it the way they did in 2007-2009? On September 11, 10 years after some of the worst moments of the crisis, some of the authors of the papers presented highlights of their findings in a full-day conference at Brookings. Preliminary versions of some of the papers will be available below as working papers. You can learn more about the project by visiting the Program on Financial Stability at the Yale School of Management. 1 of 10 3/18/2021, 2:12 PM Day 1: Responding to the Global Financial Crisis https://www.brookings.edu/events/day-1-responding-to-the-global-financ.. -
Yale SOM Impact Philanthropy Report 2016-17.Pdf
Impact Support for the Yale School of Management 2016– 2017 Contents A Culture of Innovation 2 Yale SOM Boards and Councils 18 Paying Tribute 5 Giving to the Yale School of Management 26 Giving Back 12 Beinecke Society 45 Making an Impact 14 Ways to Volunteer 46 Financial Report 17 On the cOver: a detail from Adrian Schiess’s site-specific Painting (2013), framing student breakout rooms on the north side of Bekenstein Atrium. Photo by Tony Rinaldo. When I speak with new students, I frequently talk about how the “and” in the Yale School of Management’s mission to educate leaders for business and society is an essential and meaningful conjunction. It is a small word, and an easy one to overlook beside its polysyllabic neighbors, but it signals that the most vexing problems confronting us on the planet will require the best ideas across all sectors of the economy and all regions of the world. Our integrated curriculum combines multiple perspectives and academic disciplines to bring organizational challenges into clearer focus. Our community, similarly, brings together people from a remarkable diversity of backgrounds who pursue wide- ranging interests. The power of conjunction is evident every day in the classroom, when students contribute new insights and points of view gathered from experiences around the globe. And the spirit of combination extends to our faculty, whose team- teaching in our courses and scholarly collaboration with colleagues often spans disciplinary boundaries. The result is both a better framework for understanding the most significant and meaningful challenges in the real world and an environment that encourages new ideas.