6th Annual Meeting of the Portuguese Economic Journal
Friday, July 6
09:00 -10:00
Atrium Welcome and Registration
10:00 - 11:30
Room: Parallel Session I: Experiments in Economics
504 Session Chair: Patrick Nolen
Pedro Robalo (University of Amsterdam)
Altruism, Group Identity and Political Participation: An Experiment
Marieta Valente (Universidade do Minho); Dirk Engelmann
Does repetition affect altruism via ethical goods? Results from an economics experiment
Patrick Nolen (University of Essex); Alison Booth; Lina Cardona Sosa
Gender Composition and Performance
Room: Parallel Session II: Labour Economics
631 Session Chair: Tiago Freire
Natália Pimenta Monteiro (Universidade do Minho); Geoff Stewart
New Comparative Evidence on Labour-Managed and Capitalist Production
Sónia Torres (Instituto Nacional de Estatística); Pedro Portugal; John T. Addison; Paulo Guimarães
The Sources of Wage Variation: A Three-Way High-Dimensional Fixed Effects Model
Tiago Freire (National University of Singapore)
The Impact of Migration on the Gender Wage Gap
Room: Parallel Session III: Industrial Organization I
639 Session Chair: Hélder Vasconcelos
Joana Pinho (Universidade de Vigo); António Brandão; Hélder Vasconcelos
Asymmetric collusion with growing demand
Joana Resende (Universidade do Porto); Rosa-Branca Esteves
Competitive target advertising with price discrimination
Hélder Vasconcelos (Universidade do Porto); Duarte Brito; Luís Cabral
Duopoly Competition with Competitor Partial Ownership
Room: Parallel Session IV: Financial Economics I
609 Session Chair: Catarina Reis
José Pedro Fique (Universidade do Porto)
Targeted Liquidity Requirements as a Commitment Mechanism
David Cardoso (Universidade do Porto); Paulo Pereira
Duopolistic Investment Opportunities under Agency Risk: Designing Contracts for Optimal
Investment Decisions
Catarina Reis (Universidade Católica de Lisboa); Vasia Panousi
Optimal Capital Taxation with Entrepreneurial Risk
6th Annual Meeting of the Portuguese Economic Journal
11:30 - 12:00
Atrium Coffee break
12:00 - 13:00
Room 631
Plenary Session: Luis Cabral (New York University)
Networks and Two-sided Markets: a Dynamic Approach
13:00 - 14:30
Atrium Lunch
14:30 - 16:00
Room: Parallel Session V: Economic Theory
631 Session Chair: Carlos Hervés-Beloso
Emma Moreno-García (Universidad de Salamanca); Marta Faias; Myrna Wooders
A strategic market game approach for the private provision of public goods
Marta Faias (Universidade Nova de Lisboa); Jaime Luque
Endogenous Bourse Structures
Carlos Hervés-Beloso (Universidad de Vigo); Claudia Meo; Emma Moreno-García
Information sharing rules and the veto mechanism
Room: Parallel Session VI: Financial Economics II
609 Session Chair: Paulo Pereira da Silva
João Adelino Ribeiro (Universidade do Porto); Paulo Jorge Pereira; Elísio Brandão
Reaching an Optimal Mark-Up Bid through the Valuation of the Option to Sign the Contract by
the Successful Bidder
Maria Elisabete Duarte Neves (ISCAC Business School)
Ownership Structure and Catering Theory of Dividends: Evidence from Eurozone Countries
Paulo Miguel Pereira da Silva (CMVM); Carlos Alves; Victor Mendes
On the Impact of the August 2011 Ban on Covered Short Selling – An Empirical Analysis
Room: Parallel Session VII: Economic Growth
504 Session Chair: Alexandra Ferreira-Lopes
Susana Silva (Universidade do Porto); Isabel Soares; Óscar Afonso
Economic Growth and Polluting Resources: market equilibrium and optimal policies
Pedro Rui Mazeda Gil (Universidade do Porto); Óscar Afonso; Paulo Brito
Scale Effects, Relative Supply of Skills, Industrial Structure and Endogenous Growth
Alexandra Ferreira-Lopes (ISCTE-IUL); Tiago Sequeira; Orlando Gomes
The Growth Dynamics of Human Interaction
Room: Parallel Session VIII: Inequality
639 Session Chair: Isabel Correia
Marta Simões (Universidade de Coimbra); João A. S. Andrade; Adelaide P. S. Duarte
A Regional Perspective on Inequality and Growth in Portugal Using Panel Cointegration
Analysis
Vasia Panousi (Federal Reserve Board); Jason DeBacker; Bradley Heim; Ivan Vidangos
Rising inequality: transitory or permanent ? New evidence from a panel of U.S. Tax returns 19872006
Isabel Correia (Banco de Portugal); Bernardino Adão
Inequality and Policy Changes:the case of a decline of inflation in open ecpnomies
6th Annual Meeting of the Portuguese Economic Journal
16:00 - 16:30
Atrium Coffee Break
16:30 - 18:00
Room: Parallel Session IX: Health Economics
631 Session Chair: Odd Rune Straume
Pedro Raposo (FCEE-UCP); Miguel Gouveia
The Public Sector Comparator of PPP: An empirical evaluation in the Healthcare Sector
Ricardo Gonçalves (Universidade Católica Portuguesa); Vasco Rodrigues
Reference pricing with elastic demand for pharmaceuticals
Odd Rune Straume (University of Minho); Kurt R. Brekke; Rosella Levaggi; Luigi Siciliani
Patient mobility, health care quality and welfare
Room: Parallel Session X: Education
504 Session Chair: Corrado Andini
Manuel Coutinho Pereira (Banco de Portugal)
An Analysis of Portuguese Students' Performance in the OECD Programme for International
Student Assessment
Joana Silva (The World Bank); Rod Falvey; David Greenaway
International competition, returns to skill and labour market adjustment
Corrado Andini (Universidade da Madeira)
Returns to schooling in a dynamic Mincerian model with individual unobserved heterogeneity
Room: Parallel Session XI: Business Cycles and Economic Flutuations
639 Session Chair: Nicoleta Rosatti
Fernando Manuel Monteiro Martins (Banco de Portugal)
Wage Rigidity and Employment Adjustment at the Firm Level: Evidence from Survey Data
Manuel M. F. Martins (Universidade do Porto); Luís Aguiar-Conraria; Maria Joana Soares
Synchronization of Economic Sentiment Cycles in the Euro Area: a time-frequency analysis
Nicoleta Rosatti (Universidade Técnica de Lisboa and CEMAPRE)
Semiparametric estimation of nonlinear panel data quarterly models with annual sample
selection
Room: Parallel Session XII: Industrial Organization II
609 Session Chair: Armando J. Garcia Pires
Isabel Maria Bodas Freitas (Grenoble Ecole de Management & Politecnico de Torino)
Industry relative advantage across the value chain and the diffusion of quality certificates
Paulo Albuquerque (University of Rochester); Yulia Nevskaya
Product Updates in the Presence of Consumer Progression
Armando J. Garcia Pires (Norwegian School of Economics NHH); Hans Jarle Kind; Lars Sørgard
News Sources and Media Bias
20:00 Dinner: Caves Taylor - Vila Nova de Gaia
“Conference dinner: there will be a transfer from the conference venue to the restaurant and back. Please meet at the lobby at
19:00 (7 p.m.)”
6th Annual Meeting of the Portuguese Economic Journal
Saturday, July 7
9:30-11:30
Room: Parallel Session XIII: Econometrics
504 Session Chair: Luis Aguiar-Conraria
Paulo Parente (University of Exeter)
Generalised Empirical Likelihood Kernel Based Bootstrapping
José Murteira (FEUC, CEMAPRE); Joaquim J.S. Ramalho
Regression Analysis of Multivariate Fractional Data
Luis Filipe Martins (ISCTE-IUL); Vasco J. Gabriel
GMM-based Model Averaging
Luis Aguiar-Conraria (Universidade do Minho); Maria Joana Soares
The Continuous Wavelet Transform: moving beyond uni and bivariate analysis
Room: Parallel Session XIV: International trade
631 Session Chair: José de Sousa
Peter Egger (ETH Zurich); Mario Larch; Kevin E. Staub
Trade Preferences and Bilateral Trade in Goods and Services: A Structural Approach
Armando Nogueira Silva (IPP & CEFUP); Óscar Afonso
Non-scale endogenous growth effects of subsidies for exporters
Paulo Bastos (Inter-American Development Bank)
Export destinations and input prices: Evidence from Portugal
José de Sousa (U.Paris Sud, CES - U. Of Paris 1); Daniel Mirza; Thierry Verdier
Terrorism Networks and Trade: Does the Neighbor Hurt?
Room: Parallel Session XV: Applications
639 Session Chair: Ana Fernandes
Mónica Meireles (FEP-UP & ISCTE-IUL)
Technological knowledge diffusion between ecological and dirty countries
Nuno João Marinho Alves Torres (CIP (Non-profit), Universidade Lusíada and Cefup); Isabel
Soares; Óscar Afonso
Manufacturing skill-biased wage inequality, natural resources and institutions
Luís F. Costa (Technical University of Lisbon); Miguel St. Aubyn
The Macroeconomic Effects of Legal-Simplification Programmes
Ana Fernandes (University of Bern)
Institutions and the Sectoral Organization of Production
Room: Parallel Session XVI: Macroeconomics I
609 Session Chair: Alessandro Piergallini
Emanuel Gasteiger (Instituto Universitário de Lisboa, ISCTE-IUL); M. Fragetta
Fiscal Foresight, Limited Information and the Effects of Government Spending Shocks
Orlando Gomes (ISCAL-IPL); Alexandra Ferreira-Lopes; Tiago Neves Sequeira
Exponential Discounting Bias
Ricardo Sousa (London School of Economics, FMG, Universidade do Minho and NIPE)
The Effects of the ECB Monetary Policy on the Portuguese Economy
Alessandro Piergallini (University of Rome Tor Vergata); Paulo Brito; Giancarlo Marini
House Prices and the Taylor Rule
6th Annual Meeting of the Portuguese Economic Journal
11:30-12:00
Atrium Coffee Break
12:00-13:00
Room 631 Plenary Session: Ricardo Reis (Columbia University)
A positive analysis of post-crisis fiscal and monetary policy
12:30-14:30
Lunch
14:30 - 16:00
Room: Parallel Session XVII: Macroeconomics II
504 Session Chair: Vitor Carvalho
Celsa Machado (ISCAP & CEF.UP); Ana Paula Ribeiro
Stabilization Constraints from different-average Public Debt Levels in a Monetary Union with
Country-size Asymmetry
Paulo Brito (Universidade Técnica de Lisboa); Huw Dixon
Fiscal policy, entry and capital accumulation: hump-shaped responses
Vitor Manuel Carvalho (Universidade do Porto); Manuel M. F. Martins
Macroeconomic effects of fiscal consolidations in a DSGE model for the Euro Area: does
composition matter?
Room: Parallel Session XVIII: Microeconomics
631 Session Chair: Nuno Alvim
Nelson Sá (Vassar College); Evsen Turkay
The Scalping Game
Guido Maretto (Nova School of Business and Economics)
Contracts and Markets: Risk Sharing with Hidden Types
Nuno Alvim (Universitat Autonoma de Barcelona); Tiago Pires
An endogenous timing model with heterogeneous beliefs
Room: Parallel Session XIX: Public Economics and Social Choice
639 Session Chair: Miguel Fonseca
Vítor Castro (Universidade de Coimbra); Rodrigo Martins
Is there duration dependence in local governments’ tenure?
Rodrigo Martins (Universidade de Coimbra); Francisco José Veiga
Turnout and the modeling of economic conditions: Evidence from Portuguese elections
Maria Cunha-e-Sá (Universidade Nova de Lisboa); Sofia Franco
Urban Containment: An Effective Tool for Environmental Protection?
Miguel Fonseca (University of Exeter); Dieter Balkenborg; Rohaise Low
Out of Sight, Out of Mind: an Experimental Investigation on Fairness, Bargaining and Social
Context
Room: Parallel Session XX: Risk and Uncertainty
609 Session Chair: Margarida Abreu
Miguel Carvalho (Universidade Católica Portuguesa)
Static vs Dynamic Auctions with Ambiguity Averse Bidders
Gonçalo Faria (Universidade do Porto); João Correia-da-Silva
Is Stochastic Volatility relevant for Portfolio Decisions?
Margarida Abreu (ISEG-UTL & UECE)
Information, Overconfidence and Trading: Do the Sources of Information Matter?