STANFORD INSTITUTE FOR THEORETICAL ECONOMICS

1994 SUMMER WORKSHOP PROGRAM

JULY 5 - AUGUST 11, 1994

 

 

TABLE OF CONTENTS:


 

I. SEGMENT #1: Evolutive Models

II. SEGMENT #2: Empirical Analysis of Strategic Models

III. SEGMENT #3: Design of Markets

IV. SEGMENT #4: General Equilibrium Under Uncertainty



I. SEGMENT #1: Evolutive Models

ORGANIZED BY: Kenneth Judd, Hoover Institution

DATE: July 5 - 15 , 1994

TUESDAY 5 JULY

TIME: 2:00 - 3:00 P.M.

SPEAKER: Drew Fudenberg - Harvard University

TITLE: "A Model of Bayesian Word-of-Mouth Learning"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Glenn Ellison - Harvard University

TITLE: "Basins of Attraction and Long Run Equilibria"


WEDNESDAY 6 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Masanao Aoki - University of California at Los Angeles

TITLE: "Group Dynamics When Agents Have a Finite Number of Alternatives: Dynamics of a Macro-Variable with Mean-Field Applications"

TIME: 11:00 - 12:00 P.M.

SPEAKER: William Brock - University of Wisconsin at Madison

TITLE: "Pathways to Randomness in the Economy: Emergent Nonlinearity and Chaos in Economics and Finance"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Jeroen Swinkels - Northwestern University

TITLE: "Independence for Conditional Probability Systems"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Thomas Sargent - Stanford University

TITLE: "The Swedish Unemployment Experience"


THURSDAY 7 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Chris Sanchirico - Yale University

TITLE: "Strategic Intent and the Salience of Past Play: A Probabilistic Model of Learning in Games"

TIME: 11:00 - 12:00 P.M.

SPEAKER: John Nachbar - Washington University

TITLE: "On Learning and Optimization in Discounted Supergames"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Suzanne Scotchmer - University of California at Berkeley

TITLE: "On the Evolution of Attitudes Toward Risk in Winner-Take-All Games"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Kiminori Matsuyama - Northwestern University

TITLE: "The Social Custom and Fashion Cycles: An Evolutionary Approach"


TUESDAY 12 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Dirk Bergemann - University of Pennsylvania

TITLE: "Learning and Strategic Pricing"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Rafael Rob - University of Pennsylvania

TITLE: "Bandwagon Effects and Long Run Technology Choice"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Vincent Crawford - University of California at San Diego

TITLE: "What Price Coordination? Auctions as Coordinating Devices"


WEDNESDAY 13 JULY

TIME: 2:00 - 3:00 P.M.

SPEAKER: Xiao-Hong Chen - University of Chicago & Halbert White - UC/San Diego

TITLE: "Nonparametric Adaptive Learning with Feedback"

TIME: 3:30 - 4:30 P.M.

SPEAKER: In-Koo Cho - University of Chicago

TITLE: "Neural Networks Play Repeated Games"


THURSDAY 14 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Mark Stegeman - The University of North Carolina

TITLE: "Non-Nash Equilibria of Darwinian Dynamics (with Applications to Duopoly)"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Paul Krugman - Stanford University

TITLE: "Fluctuations, Instability, and Agglomeration"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Martin Pietz - CEPREMAP

TITLE: "Aggregation and Strategic Complementarity in a Model of Price Competition"



II. SEGMENT #2: Empirical Analysis of Strategic Models

ORGANIZED BY: Frank Wolak, Department of Economics

DATE: July 18 - 22 , 1994




TUESDAY 19 JULY

TIME: 11:00 - 12:00 P.M.

SPEAKER: Thomas Mroz - The University of North Carolina

TITLE: "Random Parameters and Approximations to Stochastic Dynamic Optimization Models"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Kenneth I. Wolpin - New York University

TITLE: "Career Decisions of Young Men"

TIME: 3:30 - 4:30 P.M.

SPEAKER: John Rust - University of Wisconsin at Madison

TITLE: "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets"


WEDNESDAY 20 JULY

TIME: 11:00 - 12:00 P.M.

SPEAKER: Ariel Pakes - Yale University

TITLE: "Computing MPN Equilibria II: Approximations"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Marc Ivaldi - Institut d'�conomie Industrielle

TITLE: "Econometrics of Real Time Pricing for Electricity"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Quang Vuong - University of Southern California TITLE: "Econometrics of Optimal Procurement Auctions"



THURSDAY 21 JULY

TIME: 11:00 - 12:00 P.M.

SPEAKER: John Kennan - University of Wisconsin at Madison

TITLE: "Repeated Contract Negotiations with Persistent Private Information"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Steven Stern - University of Virginia

TITLE: "Long Term Care and Family Decisions"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Steven Berry - Yale University

TITLE: "Airline Hubs: Cost and Demand"

 

III. SEGMENT #3: Design of Markets

ORGANIZED BY: Paul Milgrom, Department of Economics & Robert Wilson, Graduate School of Business

DATE: July 26 - 28, 1994

TUESDAY 26 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Jean-Jacques Laffont - Institut d'�conomie Industrielle

TITLE: "Structural Econometrics of Auction Data"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Kenneth Hendricks - The University of British Columbia & Robert Porter - Northwestern University

TITLE: "A Model of Joint Bidding and Entry in First Price Auctions"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Charles Plott - California Institute of Technology

TITLE: "A Binary Conflict Ascending Price (BICAP) Mechanism for the Allocation of the Right to Use Railroad Track"

TIME: 3:30 - 4:30 P.M.

SPEAKER: John Ledyard - California Institute of Technology

TITLE: "Package Assignment Mechanisms"


WEDNESDAY 27 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Sushil Bikhchandani - University of California at Los Angeles

TITLE: "The Treasury Bill Auction and the When-Issued Market: Some Evidence"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Jeremy Bulow - Stanford University & Paul Klemperer - Saint Catherine's College

TITLE: "Auctions vs. Negotiations"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Shyam Sunder - Carnegie-Mellon University

TITLE: "Computerized Asset Markets"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Yeon-Koo Che - University of Wisconsin at Madison

TITLE: "Mechanisms for Selling to Budget-Constrained Buyers"


THURSDAY 28 JULY

TIME: 9:30 - 10:30 A.M.

SPEAKER: Preston McAfee - University of Texas

TITLE: "Auctioning Import Quota Rights"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Paul Milgrom - Stanford University

TITLE: "Theory of PCS Auction"

TIME: 2:00 - 3:00 P.M.

SPEAKER: John McMillan - University of California at San Diego

TITLE: "Selling Spectrum Rights"

TIME: 3:30 - 5:00 P.M.

SPEAKER: Jan Acton - Congressional Budget Office & Evan Kwerel - Federal Communications Commission

TITLE: "Design of Auction Markets by the Federal Government"



IV. SEGMENT #4: General Equilibrium Under Uncertainty

DATE: August 2 - 12, 1994

TUESDAY 2 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Kenneth Arrow - Stanford University

TITLE: "General Equilibrium Under Uncertainty: Survey and Problems"

 

TIME: 11:00 - 12:00 P.M.

SPEAKER: Christina Shannon - The University of California at Berkeley

TITLE: "Determinacy in Infinite Horizon Exchange Economies"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Peter Huang - Tulane University

TITLE: "Market Equilibrium of Price Uncertainty and Options"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Philippe Henrotte - HEC Management

TITLE: "Multiperiod Equilibrium with Endogenous Price Uncertainty"


WEDNESDAY 3 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Mordecai Kurz - Stanford University

TITLE: "Rational Beliefs and Endogenous Uncertainty"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Carsten Nielsen - University of Copenhagen

TITLE: "Rational Beliefs, Rational Belief Structures and Policy"


THURSDAY 4 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Peter DeMarzo - Northwestern University

TITLE: "Computing Equilibria with Incomplete Markets"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Jiahua Che and Uday Rajan - Stanford University

TITLE: "Endogenous Financial Market Formation in a General Equilibrium Model"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Jan Werner - University of Minnesota

TITLE: "Diversification and Equilibrium in Securities Markets"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Susan Athey - Stanford University

TITLE: "Monotone Comparative Statics in Stochastic Optimization Problems"


TUESDAY 9 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Graciela Chichilnisky - Columbia University

TITLE: "Markets with Endogenous Uncertainty: Theory and Policy"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Stephen Morris - University of Pennsylvania

TITLE: "Justifying Rational Expectations"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Walter Heller - University of California at San Diego

TITLE: "Market Formation"

TIME: 3:30 - 4:30 P.M.

SPEAKER: Frank Hahn - Churchill College, Cambridge University

TITLE: "On Arrow Securities"


WEDNESDAY 10 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Jayasri Dutta - Cambridge University

TITLE: "Rational Beliefs and Information Revelation"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Darrell Duffie - Stanford University

TITLE: "A Liquidity-Based Model of Asset-Backed Security Design"


THURSDAY 11 AUGUST

TIME: 9:30 - 10:30 A.M.

SPEAKER: Geoffrey Heal - Columbia University

TITLE: "Price Uncertainty and Derivative Securities in a General Equilibrium"

TIME: 11:00 - 12:00 P.M.

SPEAKER: Curtis Eaves - Stanford University

TITLE: "A Homotopy, Grassman Manifold, and Relocalization for Computing Equilibria"

TIME: 2:00 - 3:00 P.M.

SPEAKER: Ho-Mou Wu - National Taiwan University

TITLE: "Endogenous Uncertainty in a General Equilibrium Model with Price-Contingent Contracts"

 

| | GENERAL INFORMATION | | WORKSHOPS | | TECHNICAL REPORTS |