ASSET Annual Meeting
Lisbon 2006
Thursday, November 2
13:30-14:30 – Registration
14:30-16:00 – Contributed Sessions I
Session I-A: Industrial Organization I
Chair: Steffen Hoernig (FE, Universidade Nova de Lisboa)
Information spillovers and the sequential launching of pharmaceutical drugs
Begona Garcia Mariñoso (City University of London)
Pau Olivella (Universitat Autònoma de Barcelona)
A Theory of Asymmetric Price Adjustment
Luís M B Cabral (New York University)
Arthur Fishman (Bar Ilan University)
On-Net and Off-Net Pricing On Asymmetric Telecommunications Networks
Steffen Hoernig (FE, Universidade Nova de Lisboa)
Session I-B: Migration
Chair: Helena Marques (Loughborough University)
Pension Systems and Immigration Policy
Guadalupe Valera (Universidad Pablo de Olavide)
Brain drain or brain gain? New empirical evidence
José L. Groizard Cardosa (Universitat de les Illes Balears)
Joan Llull Cabrer (CEMFI)
Sectoral impact of free intra-EU migration in the presence of unemployment benefits
Helena Marques (Loughborough University)
Hugh Metcalf (University of Newcastle-upon-Tyne)
Session I-C: Growth I
Chair: Dimitrios Varvarigos (University of Manchester)
Cost-Based Models of Endogenous Growth
Daniel Cardona (Universitat de les Illes Balears)
Fernando Sánchez-Losada (Universitat de Barcelona)
The Elasticity of Substitution as an Engine of Growth
Theodore Palivos (University of Macedonia)
Giannis Karagiannis (University of Macedonia)
Human capital accumulation in a stochastic environment
Keith Blackburn (University of Manchester)
Dimitrios Varvarigos (University of Manchester)
ASSET 2006
Thursday, November 2
Session I-D: Corruption
Chair: Ana P. Cusolito (Universitat Pompeu Fabra)
Do Corrupt Countries Receive Less Foreign Capital After All?
Michel-Henry Bouchet (CERAM)
Bertrand Groslambert (CERAM)
An experiment on corruption and gender
María Fernanda Rivas (Universitat Autònoma de Barcelona)
Corporate control in the market for news, tunneling problems and corruption
Ana P. Cusolito (Universitat Pompeu Fabra)
Session I-E: Endogenous Fluctuations I
Chair: Paulo Brito (UECE, ISEG - Universidade Técnica de Lisboa)
Does dynamic efficiency rule out sunspots fluctuations?
Jean-Pierre Drugeon (CNRS - EUREQua, Paris)
Carine Nourry (Université de la Méditerranée)
Alain Venditti (CNRS - GREQAM)
Can Heterogeneous Preferences Stabilize Endogenous Fluctuations?
Stefano Bosi (Université d’Evry)
Thomas Seegmuller (CNRS and CES)
An overlapping-generations model in continous time for an age-structured population
Paulo Brito (UECE, ISEG - Universidade Técnica de Lisboa)
Rui Dilão (IST - Universidade Técnica de Lisboa)
16:00-16:30 – Coffee break
16:30-16:45 – Welcome Session
16:45-18:45 – Contributed Sessions II
Session II-A: Trade I
Chair: Ines Buono (Universitat Pompeu Fabra)
Foreign Direct Investment in Transition Countries: A Dynamic Analysis at Firm Level
Brindusa Anghel (Universitat Autònoma de Barcelona)
Firms' heterogeneity and comparative advantage: an empirical analysis.
Ines Buono (Universitat Pompeu Fabra)
Session II-B: Finance
Chair: Luc Champarnaud (Université de Lille 3)
ICAPM with time-varying risk aversion
Paulo Maio (FE, Universidade Nova de Lisboa)
On the Strategies of Heterogeneously and Imperfectly Informed Traders
Simone Alfarano (University of Kiel)
Iván Barreda-Tarrazona (University Jaume I of Castellón)
Eva Camacho-Cuena (University Autónoma of Madrid)
The Impact of Monetary Union on EU-15 Sovereign Debt Yield Spreads
Marta Gómez-Puig (Universitat de Barcelona)
Price Earning Ratio equilibria and firms sizes heterogeneity
Luc Champarnaud (Université de Lille 3)
Philippe Michel (Université de la Méditerranée)
23/10/2006
2
ASSET 2006
Thursday, November 2
Session II-C: Real Business Cycles
Chair: Kunhong Kim (Victoria University of Wellington)
'News shocks' in the Small Open Economy
Elvira Prades Illanes (European University Institute)
S-Curve Redux: How are Technology Shocks Transmitted Internationally?
Zeno Enders (European University Institute)
Gernot J. Muller (Goethe-University Frankfurt)
Business Cycle and Asset Prices: A Computable General Equilibrium Analysis with Agency
Costs and Habit Formation
Kunhong Kim (Victoria University of Wellington)
Young Sik Kim (Seoul National University)
Session II-D: Law and Economics
Chair: Claude Fluet (Université du Québec)
Labor Conflicts and Inefficiency of Relationship-Specific Investments: What is the Judge's Role?
Bruno Deffains (University of Nancy 2)
Yannick Gabuthy (University of Nancy 2)
Eve-Angéline Lambert (University of Nancy 2)
Rules of Proof and Incentives
Dominique Demougin (Humboldt Universität zu Berlin)
Claude Fluet (Université du Québec)
Session II-E: Endogenous Fluctuations II
Chair: Thomas Seegmuller (CES and CNRS)
Business Cycles with Endogenous Mark-ups
Paulo Brito (ISEG - Universidade Técnica de Lisboa)
Luís F. Costa (ISEG - Universidade Técnica de Lisboa)
Huw Dixon (University of York)
Linearly Progressive Income Taxes and Stabilization
Nicolas L. Dromel (Université de la Méditerranée)
Patrick A. Pintus (Université de la Méditerranée)
Tax rate variability and public spending as sources of indeterminacy
Teresa Lloyd-Braga (FCEE, Universidade Católica Portuguesa)
Leonor Modesto (FCEE, Universidade Católica Portuguesa)
Thomas Seegmuller (CES and CNRS)
19:00-20:15 – ASSET Coordinators Meeting
23/10/2006
3
ASSET 2006
Friday, November 3
Friday, November 3
9:30-11:30 – Contributed Sessions III
Session III-A: Industrial Organization II
Chair: Jo Seldeslachts (Humboldt University and WZB)
Upstream Market Foreclosure
Jean J. Gabszewicz (CORE, Université catholique de Louvain)
Skerdilajda Zanaj (CORE, Université catholique de Louvain and University of Siena)
Assessing horizontal mergers under uncertain efficiency gains
Philippe Choné (CREST-LEI)
Laurent Linnemer (CREST-LEI)
Entry under Capacity Limitation and Vertical Differentiation: the return of judo economics
Xavier Wauthy (Facultés Saint-Louis, Bruxelles and CORE)
Nicolas Boccard (Universitat de Girona)
Remedy for Now but Prevent for Tomorrow: The Deterrence Effects of Merger Policy Tools
Jo Seldeslachts (Humboldt University and WZB)
Joseph A. Clougherty (WZB and CEPR)
Pedro Barros (FE, Universidade Nova de Lisboa)
Session III-B: Political Economy I
Chair: Humberto Llavador (Universitat Pompeu Fabra)
The Informational Value of Incumbency
Carmen Beviá (Universitat Autònoma de Barcelona)
Humberto Llavador (Universitat Pompeu Fabra)
Voting on pensions with endogenous retirement and heterogenous life durations
Marie-Louise Leroux (Université de Toulouse)
Strategic candidacy by exiting: some probability results
Jérôme Serais (University of Caen)
Voting with Preferences over Margins of Victory
Humberto Llavador (Universitat Pompeu Fabra)
Session III-C: Education I
Chair: Inés Macho-Stadler (Universitat Autònoma de Barcelona)
Reducing the Educational Gap in Chile: Good Results in Vulnerable Groups
Cristián García Palomer (Pontificia Universidad Católica de Chile)
Ricardo D. Paredes (Pontificia Universidad Católica de Chile)
The black-white test score gap widens with age?
Michael Creel (Universitat Autònoma de Barcelona)
Montserrat Farell (Universitat Autònoma de Barcelona)
Designing Contracts for University Spin-offs
Inés Macho-Stadler (Universitat Autònoma de Barcelona)
David Pérez-Castrillo (Universitat Autònoma de Barcelona)
Reinhilde Veugelers (Katholieke Universiteit Leuven)
23/10/2006
4
ASSET 2006
Friday, November 3
Session III-D: Environment I
Chair: George Economides (Athens University of Economics and Business)
On the design of irrigation cooperatives with monitoring
Mattoussi Wided (Université de Toulouse)
Forest Vintages and Carbon Sequestration
Clara Costa-Duarte (FE, Universidade Nova de Lisboa)
Maria A. Cunha-e-Sá (FE, Universidade Nova de Lisboa)
Renato Rosa (FE, Universidade Nova de Lisboa)
Growth enhancing policy is the means to sustain the environment
George Economides (Athens University of Economics and Business)
Apostolis Philippopoulos (Athens University of Economics and Business)
Session III-E: Endogenous Fluctuations III
Chair: Teresa Lloyd-Braga (FCEE, Universidade Católica Portuguesa)
International Procyclical Capital Flows and Volatility
Patrick A. Pintus (Université de la Méditerranée)
Intertemporal substitution in consumption, labor supply elasticity and capital-labor substitution
in continuous-time models
Jean-Philippe Garnier (Université de la Méditerranée)
Kazuo Nishimura (Kyoto University)
Alain Venditti (CNRS-GREQAM)
National labor markets, international factor mobility and macroeconomic instability
Marta Aloi (University of Nottingham)
Teresa Lloyd-Braga (FCEE, Universidade Católica Portuguesa)
Session III-F: Mathematical Economics I
Chair: Joana Pais (ISEG - Universidade Técnica de Lisboa)
Asymmetric information, word-of-mouth and social networks: from the market for lemons to
efficiency
Noemí Navarro (CORE, Université catholique de Louvain)
Demanding Behavior in Matching Models
Jörg Naeve (Hohenheim University)
Pablo Revilla (Universidad Pablo de Olavide)
Mechanism Design with Private Communication
Vianney Dequiedt (University of Grenoble)
David Martimort (Université de Toulouse)
Giving Advice and Perfect Equilibria in Matching Markets
Joana Pais (ISEG - Universidade Técnica de Lisboa)
11:30-12:00 – Coffee break
12:00-13:15 – ASSET Murat Sertel Session
Chair: Leonor Modesto (FCEE, Universidade Católica Portuguesa)
Heterogeneity and Aggregation
Jean-Michel Grandmont (ICEF, Venice International University and CREST-GREQSTA)
13:15-14:45 – Lunch
23/10/2006
5
ASSET 2006
Friday, November 3
14:45-16:45 – Contributed Sessions IV
Session IV-A: Industrial Organization III
Chair: Luis Vasconcelos (FE, Universidade Nova de Lisboa)
Optimal Contracts for Employees' Ideas
Alfonso Gambardella (Bocconi University)
Claudio Panico (University of Toulouse and Bocconi University)
Endogenous strategic managerial incentive contracts
Constantine Manasakis (University of Crete)
Evangelos Mitrokostas (University of Crete)
Emmanuel Petrakis (University of Crete)
Partial Collusion in a Model of Search
Marco A. Haan (University of Groningen)
Bastiaan M. Overvest (University of Groningen)
Star Wars: Exclusive Superstars and Collusive Outcomes
Mariano Selvaggi (London School of Economics)
Luis Vasconcelos (FE, Universidade Nova de Lisboa)
Session IV-B: Public Economics I
Chair: Catarina Goulão (CORE, Université catholique de Louvain)
The Political Economy of the Informal Sector and Income Redistribution
Ozan Hatipoglu (Bogaziçi University)
Gulenay Ozbek (New York University)
Varying Life Expectancy and Social Security
Antoine Bommier (Université de Toulouse)
Marie-Louise Leroux (Université de Toulouse)
Jean-Marie Lozachmeur4 (Université de Toulouse)
Retirement and the Poverty of the Elderly in Portugal
Paula Albuquerque (ISEG - Universidade Técnica de Lisboa)
Manuela Arcanjo (ISEG - Universidade Técnica de Lisboa)
Vítor Escária (ISEG - Universidade Técnica de Lisboa)
Francisco Nunes (ISEG - Universidade Técnica de Lisboa)
José Pereirinha (ISEG - Universidade Técnica de Lisboa
Opting Out of Public Insurance
Catarina Goulão (CORE, Université catholique de Louvain)
Session IV-C: Labour I
Chair: Panayiota Lyssiotou (University of Cyprus)
Escape From Traditions Toward A Fertility Transition
Thomas Baudin (CES, Université Paris I)
Family Labor Supply, Precautionary Behavior, Aggregate Saving and Employment
Paulo Santos Monteiro (Université Libre de Bruxelles)
The Response of the Spouses’s Labor Supply and Sharing Rule to Targeting Policy
Panayiota Lyssiotou (University of Cyprus)
23/10/2006
6
ASSET 2006
Friday, November 3
Session IV-D: Econometrics I
Chair: Francisco de Castro Fernández (Bank of Spain)
A two-part fractional regression model for the capital structure decisions of micro, small,
medium and large firms
Joaquim J. S. Ramalho (Universidade de Évora)
Jacinto Vidigal da Silva (Universidade de Évora)
Formal and Informal Risk Sharing in LDCs
Pierre Dubois (Université de Toulouse)
Bruno Jullien (Université de Toulouse)
Thierry Magnac (Université de Toulouse)
The Economic Effects of Exogenous Fiscal Shocks in Spain: A SVAR Approach
Francisco de Castro Fernández (Bank of Spain)
Pablo Hernández de Cos (European Central Bank)
Session IV-E: Growth II
Chair: Xavier Raurich (Universitat de Barcelona)
Social Capital, Modernization and Growth
Alberto Bisin (New York University)
Danilo Guaitoli (Universitat Rovira i Virgili)
Tax-Spending Policies and Economic Growth: Theoretical Predictions and Evidence from the
OECD
Konstantinos Angelopoulos (University of Stirling)
George Economides (Athens University of Economics and Business)
Pantelis Kammas (Athens University of Economics and Business)
Growth, sectoral composition, and the wealth of nations
Jaime Alonso-Carrera (Universidade de Vigo)
Xavier Raurich (Universitat de Barcelona)
Session IV-F: Mathematical Economics II
Chair: Hubert Stahn (GREQAM, University of Aix-Marseille II)
Rational Expectations Equilibrium in Economies with Uncertain Delivery
João Correia-da-Silva (Faculdade de Economia, Universidade do Porto)
Carlos Hervés-Beloso (Universidad de Vigo)
Existence of Equilibrium in the Common Agency Model
Guilherme Carmona (FE, Universidade Nova de Lisboa)
Jose Fajardo (IBMEC Business School)
A Three way Equivalence
Leonidas C Koutsougueras (University of Manchester)
Nicholas Ziros (University of Manchester)
On Shapley-Shubik Equilibria with incomplete markets
Gaël Giraud (University of Paris I)
Hubert Stahn (GREQAM, University of Aix-Marseille II)
16:45-17:15 – Coffee break
23/10/2006
7
ASSET 2006
Friday, November 3
17:15-19:45 – Invited Session and Contributed Sessions V:
Invited Session: Designing Rights
Chair: Semih Koray (Bilkent University, Ankara)
Group Stability and Efficiency of Partitions in Matching Problems
Ipek Ozkal Sanver (Bilgi University, Istanbul)
Preference Aggregation as Social Representation
M. Remzi Sanver (Bilgi University, Istanbul)
Ozer Selcuk (Bilgi University, Istanbul)
Delegation by Unobservable and Renegotiable Contracts
Levent Kockesen (Koc University)
Common Agency and Delegation: The Role of Mixed Strategies
Emanuele Gerratana (Koc University)
Rights Structures and Implementation
Semih Koray (Bilkent University, Ankara)
Contributed Sessions V
Session V-A: Industrial Organization IV
Chair: Rodolphe Dos Santos Ferreira (Université Louis Pasteur)
The Dynamics of Research Joint Ventures: A Panel Data Analysis
Tomaso Duso (Humboldt University and WZB)
Enrico Pennings (Erasmus Un. Rotterdam)
Jo Seldeslachts (WZB)
Reciprocity and Protection of R&D Investments
Chrysovalantou Milliou (Universidad Carlos III de Madrid)
Partnership in open innovation
Xavier Martinez-Giralt (Universitat Autònoma de Barcelona)
Rosella Nicolini (Instituto de Análisis Económico)
Strategic R&D Investment, Competitive Toughness and Growth
Claude d'Aspremont (CORE, Université catholique de Louvain)
Rodolphe Dos Santos Ferreira (Université Louis Pasteur)
Louis-André Gérard-Varet (GREQAM)
Session V-B: Political Economy II
Chair: Enriqueta Aragonès (Universitat Autònoma de Barcelona)
Centrist's Curse? An Electoral Competition Model with Credibility Constraints
Selim Jürgen Ergun (Universitat Autònoma de Barcelona)
The political economy of health care finance
Juan D. Moreno-Ternero (Universidad de Málaga and CORE)
John E. Roemer (Yale University)
Stability and Manipulation in Representative Democracies
Sebastian Bervoets (Universitat Autònoma de Barcelona)
Vincent Merlin (Université de Caen)
Pork Barrel Politics in Postwar Italy, 1953-1994
Miriam A. Golden (University of California at Los Angeles)
Lucio Picci (University of Bologna)
Government Formation in a Two Dimensional Policy Space
Enriqueta Aragonès (Universitat Autònoma de Barcelona)
23/10/2006
8
ASSET 2006
Friday, November 3
Session V-C: Labour II
Chair: Santiago Budría (University of Madeira)
Are specific Skills an Obstacle to Labor Market Adjustment: Theory and an Application to the
EU Enlargement
Ana Lamo (European Central Bank)
Julián Messina (European Central Bank and Università di Salerno)
Etienne Wasmer (University of Quebec)
Don’t Ask, Don’t Tell: Wage Secrecy and Discrimination
Moshik Lavie (Tel Aviv University)
Educational Qualifications and Wage Inequality: Evidence for Europe
Santiago Budría (University of Madeira)
Pedro Telhado-Pereira (University of Madeira)
Session V-E: Monetary Economics
Chair: André C. Silva (FE, Universidade Nova de Lisboa)
The Costs of EMU for Transition Countries
Alexandra Ferreira Lopes (ISCTE)
Dollarization, Financial Intermediation and Real Activity: The Inflation Threshold
Gaetano Antinolfi (Washington University)
Claudia M. Landeo (University of Alberta)
Maxim Nikitin (University of Alberta and International College of Economics and Finance)
Monetary Policy Amplification Effects through a Bank Capital Channel
Alvaro Aguiar (Faculdade de Economia, Universidade do Porto)
Inês Drumond (Faculdade de Economia, Universidade do Porto)
The Price Level and the Money Demand After an Interest Rate Shock
André C. Silva (FE, Universidade Nova de Lisboa)
Session V-F: Game
Chair: José Ramón Uriarte (Universidad del País Vasco)
One-Memory in Repeated Games
Mehmet Barlo (Sabanci University)
Guilherme Carmona (FE, Universidade Nova de Lisboa)
Hamid Sabourian (University of Cambridge)
Affirmative Action versus Equal Treatment in Contests with Discriminated Players
Jorg Franke (Universitat Autònoma de Barcelona)
From Procedural Preferences to Selection Dynamic Models
José Ramón Uriarte (Universidad del País Vasco)
Antonio Cabrales (Universitat Pompeu Fabra)
20:00-
23/10/2006
– Conference dinner
9
ASSET 2006
Saturday, November 4
Saturday, November 4
9:30-11:30 – Contributed Sessions VI
Session VI-A: Industrial Organization V
Chair: Emmanuel Petrakis (University of Crete)
Fighting the moonlighting demand: competition and cooperation with black sheeps
Nicolas Jacquemet (CES, Université Paris I)
Jean-Louis Rullière (GATE, Université Lyon 2)
Internet Peering as a Network of Relations
Steffen Lippert (The Research Institute for Industrial Economics)
Giancarlo Spagnolo (Stockholm School of Economics)
Corporate Social Responsibility in Oligopolistic Markets
Constantine Manasakis (University of Crete)
Evangelos Mitrokostas (University of Crete)
Emmanuel Petrakis (University of Crete)
The change of the doctor-nurse paradigm, some conditions and implications
Aida Isabel Tavares (Universitat Autònoma de Barcelona)
Session VI-B: Public Economics II
Chair: Laurence Lasselle (University of St. Andrews)
Strategic Urban Development under Uncertainty
Flavia Cortelezzi (Università dell’Insubria)
Pierpaolo Giannoccolo (Università di Milano - Bicocca)
Self-Insurance and Self-Protection
Tim Lohse (University of Hannover)
Julio R. Robledo (University of Vienna)
Ulrich Schmidt (University of Kiel)
Growth, longevity and public policy
Gregory Ponthiere (University of Liege)
Robust Results of Ramsey Tax in Imperfect Competition
Jim Y. Jin (University of St. Andrews)
Laurence Lasselle (University of St. Andrews)
Session VI-C: Banking
Chair: Paolo G. Garella (University of Bologna)
Why do bank loans react with a delay to shifts in interest rates: a bank equity explanation
José Jorge (Faculdade de Economia, Universidade do Porto)
ATM surcharges: effects on deployment and welfare
Ioana Chioveanu (University of Alicante)
Ramon Fauli-Oll (University of Alicante)
Joel Sandonis (University of Alicante)
Juana Santamaria (University of Alicante)
Optimal Risk Transfer, Monitored Finance and Real Investment Activity
Gabriella Chiesa (University of Bologna)
Relying on the Information of Others: Debt Rescheduling with Many Lenders
Claude Fluet (Université du Québec à Montréal and CIRPEE)
Paolo G. Garella (University of Bologna)
23/10/2006
10
ASSET 2006
Saturday, November 4
Session VI-D: Mathematical Economics III
Chair: Jack Douglas Stecher (Norwegian School of Economics and Business Administration)
A note on strategy-proofness and single-plateaued preferences
Dolors Berga (Universitat de Girona)
Stochastic choice under risk
Pavlo R. Blavatskyy (University of Zurich)
Ordering Alternatives or Agents?
Salvador Barberà (Universitat Autònoma de Barcelona)
Bernardo Moreno (Universidad de Málaga)
Trade and Communication Under Subjective Information
Jack Douglas Stecher (Norwegian School of Economics and Business Administration)
Session VI-E: Growth III
Chair: Gilles Koléda (Ecole Centrale Paris)
Multi-stage Research Processes, Basic Research and Endogenous Growth
Daria Denti (European University Institute)
Trade liberalization, Increase in Competition and Economic Growth
Omar Licandro (European University Institute)
Antonio Navas-Ruiz (European University Institute)
A two-countries two-R&D sectors model of growth and trade
Gilles Koléda (Ecole Centrale Paris)
Session VI-F: Electricity Markets
Chair: Carlos Gutiérrez-Hita (Universidad Miguel Hernández)
On Market Design in Wholesale Electricity Markets
María Eugenia Sanin (CORE, Université catholique de Louvain)
Incentive mechanisms and optimal investment under decentralised decision making: The French
Electricity Market
Khalfallah Mohamed Haikel (University of Lyon 2)
Liberalisation in the Spanish Electricity Market: A Model of Vertical Relations
Carlos Gutiérrez-Hita (Universidad Miguel Hernández)
11:30-12:00 – Coffee break
12:00-13:15 – Pareto Lecture
Chair: Semih Koray (Bilkent University, Ankara)
Natural Justice
Ken Binmore (Department of Economics, University College London)
13:15-14:45 – Lunch
23/10/2006
11
ASSET 2006
Saturday, November 4
14:45-16:45 – Contributed Sessions VII
Session VII-A: Industrial Organization VI
Chair: Susana Peralta (FE, Universidade Nova de Lisboa and CORE)
Exports vs. Horizontal FDI with Profit Shifting
Oscar Amerighi (CORE and University of Bologna)
Susana Peralta (FE, Universidade Nova de Lisboa and CORE)
Access Regulation and the Race for Infrastructure Investment
João Vareda (FE, Universidade Nova de Lisboa)
Steffen Hoernig (FE, Universidade Nova de Lisboa)
Cournot competition among multiproduct firms: specialization through licensing
Luigi Filippini (Università Cattolica - Milano)
Structural Remedies and Horizontal Mergers Without Synergies
Thibaud Vergé (CREST-LEI)
Session VII-B: Trade II
Chair: Sylvaine Poret (INRA-LORIA)
Process Innovation and the Selection Effect of Trade
Antonio Navas (European University Institute)
Davide Sala (European University Institute)
Development Accounting in a Heckscher-Ohlin World
Harald Fadinger (Universitat Pompeu Fabra)
Does Trade Liberalization Lead to Unemployment? Theory and Evidence
Alexandre Janiak (Université Libre de Bruxelles)
Fair Trade: in or out the market?
Claire Chambolle (INRA-LORIA)
Sylvaine Poret (INRA-LORIA)
Session VII-C: Education II
Chair: Isabel Pereira (Universitat Autònoma de Barcelona)
College Choice: Estimating the determinants of Enrollment
Lídia Farré Olalla (Universidad de Alicante)
Specialization in Higher Education
Sinan Sarpca (Koc University)
Incentives for Interdisciplinary Research
Isabel Pereira (Universitat Autònoma de Barcelona)
Session VII-D: Econometrics II
Chair: Esmeralda A. Ramalho (Universidade de Évora)
Real Exchange Rate, Trade Balance and Catching Up. Argentine Marshall-Lerner Condition
and Beyond
David Matesanz Gómez (Universidad de Oviedo)
Guadalupe Fugarolas Álvarez-Ude (Escuela de Finanzas Aplicadas.)
Likelihood based testing for fractional cointegration
Katarzyna Lasak (Universitat Autònoma de Barcelona)
Bias-corrected Moment-based Estimators for Parametric Models under Endogenous Stratified
Sampling
Esmeralda A. Ramalho (Universidade de Évora)
Joaquim J. S. Ramalho (Universidade de Évora)
23/10/2006
12
ASSET 2006
Saturday, November 4
Session VII-E: Macro I
Chair: Vanghelis Vassilatos (Athens University of Economics and Business)
Public Investment, Fiscal Institutions and Macroeconomic Performance: When Does it Pay to
Borrow for Capital Spending?
Mustafa Ismihan (Atilim University)
F. Gulcin Ozkan (University of York)
Financial Frictions and Household Debt: a New Perspective on Twin Deficits
Giovanni Callegari (European University Institute)
Fiscal shocks and the consumption response when wages are sticky
Francesco Furlanetto (University of Lausanne)
Rent-seeking from state coffers: A calibrated DSGE model of the euro area
Konstantinos Angelopoulos (University of Stirling and Athens University of Economics and
Business)
Apostolis Philippopoulos (Athens University of Economics and Business)
Vanghelis Vassilatos (Athens University of Economics and Business)
Session VII-F: Environment II
Chair: Julien Daubanes (Université de Toulouse)
Capital Accumulation and Exhaustible Energy Resources: a Special Functions case.
Agustín Pérez-Barahona (CORE, Université catholique de Louvain)
Bargaining of environmental agreements in oligopoly
Irina Prokofieva (Universitat Autònoma de Barcelona)
The Redistributive Effects of Environmental Policy: Growth, North-South Rent Transfers and
Relocation
Julien Daubanes (Université de Toulouse)
André Grimaud (Université de Toulouse)
16:45-17:15 – Coffee break
17:15-18:45 – Contributed Sessions VIII
Session VIII-A: Industrial Organization VII
Chair: Luis C. Corchón (Universidad Carlos III)
Inventories and Endogenous Stackelberg Hierarchy in Two-period Cournot Oligopolistic
Competition
Sébastien Mitraille (Toulouse Business School and University of Bristol)
Michel Moreaux (Université de Toulouse)
Mixed oligopoly and the shadow cost of public funds: exogenous and endogenous timing
Carlo Capuano (University of Naples Federico II)
Giuseppe De Feo (CORE and University of Naples Federico II)
Welfare Losses under Cournot Oligopoly
Luis C. Corchón (Universidad Carlos III)
Session VIII-B: Advertising
Chair: Marielle C. Non (University Rotterdam and Tinbergen Institute)
The Effects of Collusion in a Model of Comparative Advertising and Price Competition
Joanna Ziolkowska (Universitat Autònoma de Barcelona)
The role of Advertising in the Aggregate Economy: the Work and Spend cycle
Benedetto Molinari (Universitat Pompeu Fabra)
Francesco Turino (Universitat Pompeu Fabra)
Going Where the Ad Leads You: On High Advertised Prices and Searching Where to Buy
Maarten C.W. Janssen (University Rotterdam and Tinbergen Institute)
Marielle C. Non (University Rotterdam and Tinbergen Institute)
23/10/2006
13
ASSET 2006
Saturday, November 4
Session VIII-C: Labour III
Chair: Pascal Belan (LEN, Université de Nantes)
Do UI benefit levels or benefit duration have an impact on perceived job security?
Stefan Lollivier (CREST-INSEE)
Laurence Rioux (CREST-INSEE)
Employment protection, firm selection, and growth
Markus Poschke (European University Institute)
Subsidizing low-skilled jobs in a dual labor market
Pascal Belan (LEN, Université de Nantes)
Martine Carré (THEMA, Université de Cergy, and CREST)
Stéphane Gregoir (CREST-INSEE)
Session VIII-D: Mathematical Economics IV
Chair: Haim Shalit (Ben-Gurion University)
The Impact of Media's Reputation on the Equity Financing: Manipulation and Collusion
Huang Weihua (Université de Toulouse)
Information and Financial Markets
Marta Faias (FCT, Universidade Nova de Lisboa)
Emma Moreno-García (Universidad de Salamanca)
Capital Market Equilibrium with Heterogeneous Investors
Haim Shalit (Ben-Gurion University)
Shlomo Yitzhaki (Hebrew University of Jerusalem)
Session VIII-E: Macro II
Chair: Ilaski Barañano (Universidad del País Vasco)
Time-Inconsistent Preferences And Precautionary Savings - Do Durables Help Self-Control?
Judity Ay (European University Institute)
Regional Growth in the European Union: National Versus European Policies
Fernanda Llussá (FCT, Universidade Nova de Lisboa)
On risk aversion in RBC models
Ilaski Barañano (Universidad del País Vasco)
M.Paz Moral (Universidad del País Vasco)
23/10/2006
14