STANFORD INSTITUTE FOR THEORETICAL ECONOMICS

1998 SUMMER WORKSHOP - PRELIMINARY PROGRAM

JUNE 29 - AUGUST 7, 1998

 

 

TABLE OF CONTENTS:


 

I. SEGMENT #1: General Equilibrium with Endogenous Financial Assets

II. SEGMENT #2: Competition in Public and Urban Economics

III. SEGMENT #3: Structural Econometric Models of Strategic Interaction and Dynamic Decision-Making

IV. SEGMENT #4: Foundations and Applications of Contractual Incompleteness

V. SEGMENT #5: Recursive Mechanism Design




I. SEGMENT #1: GENERAL EQUILIBRIUM WITH ENDOGENOUS FINANCIAL ASSETS

ORGANIZED BY: PETER HAMMOND AND MARCOS LISBOA,

ECONOMICS DEPARTMENT

DATE: JUNE 29 - JULY 3 , 1998

MONDAY 29 JUNE

TIME: 11:00 - 12:15 P.M.

SPEAKER: Alberto Bennardo - University of Chicago

TITLE: "Multi-Commodity Competitive Equilibrium with Moral Hazard"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Maria-Belen Jerez - UCLA

TITLE: "Incentive Compatibility and Pricing with Asymmetric Information: A Duality Approach"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Christian Ghiglino - Copenhagen Business School

TITLE: "Moral Hazard and the Core"


TUESDAY 30 JUNE

TIME: 9:30 - 10:45 A.M.

SPEAKER: Arnold Chassagnon - Institut d'Economie Industrielle

TITLE: "Informational Rent versus Deductible Contract: The Case of Adverse Selection"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Adriano Rampini - University of Chicago

TITLE: "Default Correlation and Systemic Risk in Economies with Private Information"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Ronel Elul - Brown University

TITLE: "Collateral, Credit-History and the Financial Decelerator"


WEDNESDAY 1 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Rohit Rahi - London School of Economics

TITLE: "A Welfare Analysis of Rational Expectations Equilibria with Asymmetric Information"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Alvaro Sandroni - Northwestern University

TITLE: "Inefficient Prices: Financial Institutions and the Incentive to Gather Information"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Tito Pietra - Universita' di Modena

TITLE: "Partially Revealing Rational Expectations Equilibria: The Higher Dimensional Case"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Douglas Gale - New York University

TITLE: "General Equilibrium in Markets with Incomplete Information"


THURSDAY 2 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Yeneng Sun - National University of Singapore

TITLE: "Understanding Randomness in Large Economics Systems via Bigger Measure-theoretic Framework"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Peter Hammond and Marcos Lisboa - Stanford University

TITLE: "Statistical Games and General Equilibrium"

TIME: 2:00 - 3:15 P.M.

SPEAKER: M. Ali Khan - John Hopkins University

TITLE: "Non-Cooperative Games with Many Players"


FRIDAY 3 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Karl Vind - Institute of Economics, Denmark

TITLE: "Equilibrium with Arbitrary Market Structure"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Carsten Nielsen - Institute of Economics, Denmark

TITLE: "Endogenous Uncertainty and Incomplete Markets"



II. SEGMENT #2: COMPETITION IN PUBLIC AND URBAN ECONOMICS

ORGANIZED BY: THOMAS NECHYBA, ECONOMICS DEPARTMENT

DATE: JULY 6 - 17, 1998

WEEK I: PUBLIC ECONOMICS - July 6-10

MONDAY 6 JULY

TIME: 11:00 - 12:15 P.M.

SPEAKER: Kangoh Lee - Towson University

TITLE: "Individual Actions and Governmental Strategic Interactions: An Efficient Nash Equilibrium"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Paul Rothstein - Washington University

TITLE: "A Positive Model of the Permission to Tax in Regional Public Finance"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Gordon Myers - University of Waterloo

TITLE: "Equilibirum Constitutions in a Federal System"


TUESDAY 7 JULY

TIME: 9:00 - 10:15 A.M.

SPEAKER: Ignatius Horstmann - University of Western Ontario

TITLE: "The New Federalism: Voting, Voluntarism and Devolution"

TIME: 10:30 - 11:45 A.M.

SPEAKER: Thomas Nechyba - Stanford University

TITLE: "Mobility, Targeting and Private School Vouchers"

TIME: 2:45 - 4:00 P.M.

SPEAKER: Gregory Besharov - Stanford University

TITLE: "Interjurisdictional Regulatory Spillovers Under IRS Production"

TIME: 4:15 - 5:30 P.M.

SPEAKER: Holger Sieg - Duke University

TITLE: "The Tiebout Hypothesis and Majority Rule"


WEDNESDAY 8 JULY

TIME: 9:00 - 10:15 A.M.

SPEAKER: Emilson Silva - University of Oregon

TITLE: "Federal Public Goods, Interregional Transfers and Labor Mobility"

TIME: 10:30 - 11:45 A.M.

SPEAKER: Nobuo Akai - Kobe University

TITLE: "The Optimal Provision of Public Goods by Local and Central Governments"

TIME: 2:45 - 4:00 P.M.

SPEAKER: David Wildasin - Vanderbilt University

TITLE: "State Corporation Income Taxation: A Normative Approach"


THURSDAY 9 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Jay Wilson - Indiana University

TITLE: "Expenditure Competition"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Eckhard Janeba - Indiana University

TITLE: "Tax Competition when Governments Lack Commitment: The 'Great Game' over the Caspian Oil"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Jan Brueckner - University of Illinois

TITLE: "Do Local Governments Engage in Strategic Property Tax Competition?"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Jonathan Hamilton - University of Florida

TITLE: "Optimal Domestic Redistribution and Multinational Monopoly"


FRIDAY 10 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: John Conley - University of Illinois

TITLE: "The Tiebout Theorem: On the Existence of Asymptotically Efficient Migration-Proof Equilibria"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Myrna Wooders - University of Toronto

TITLE: "Perfect Competition in Economies with Clubs and Local Public Goods"


WEEK II: URBAN ECONOMICS - July 13-17

MONDAY 13 JULY

TIME: 11:00 - 12:15 P.M.

SPEAKER: Yves Zenou - Paris

TITLE: "Job Matching and Urban Location: von Thunen and Lancaster Unified"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Alex Anas - SUNY at Buffalo

TITLE: "Predujice, Discrimination and Spatial Mismatch"

TIME: 3:30 - 4:45 P.M.

SPEAKER: CANCELED


TUESDAY 14 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Tomoya Mori - Kyoto University

TITLE: "Bulk Economies in Transportation and Industrial Localization"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Ed Glaeser - Harvard University

TITLE: "Why do Poor People Live in Cities?"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Marcus Berliant - Washington University

TITLE: "Increasing Returns and Perfect Competition: The Role of Land"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Dan O'Flaherty - Columbia University

TITLE: "City Limits: Why Cities are Very Big, but Still Smaller than Metropolitan Areas"


WEDNESDAY 15 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Hideo Konishi - Southern Methodist University

TITLE: "Geography, Transportation Costs and the Growth of Cities"

TIME: 11:00 - 12:15 P.M.

SPEAKER: William Strange - University of British Columbia

TITLE: "Gated Communities"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Elizabeth Newlon - Carnegie-Mellon University

TITLE: "Law Enforcement by Competing Jurisdictions when Criminals are Mobile"


THURSDAY 16 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Vernon Henderson - Brown University

TITLE: "A Theory of Urban Growth"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Thomas Holmes - University of Minnesota

TITLE: "Step-by-Step Migration to Efficient Agglomeration"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Hesham M. Abdel-Rahman - University of New Orleans

TITLE: "Infrastructure and City Formation"

TIME: 3:30 - 4:45 P.M.

SPEAKER: Gianmarco Ottaviano - Universita' di Bologna

TITLE: "Agglomeration and Trade Revisited"


FRIDAY 17 JULY

NO SESSIONS SCHEDULED FOR TODAY!!


III. SEGMENT #3: STRUCTURAL ECONOMETRIC MODELS OF STRATEGIC INTERACTION AND DYNAMIC DECISION-MAKING

ORGANIZED BY: FRANK WOLAK, ECONOMICS DEPARTMENT

DATE: JULY 20 - 24, 1998

MONDAY 20 JULY

TIME: 10:30 - 11:30 A.M.

SPEAKER: Aviv Nevo - UC/Berkeley

TITLE: "Mergers with Differentiated Products: The Case of the Ready-to-Eat Cereal Industry"

TIME: 1:30 - 2:30 P.M.

SPEAKER: Steve Stern - University of Virginia

TITLE: "Cohabitation, Marriage, and Divorce in a Model of Match Quality"

TIME: 3:00 - 4:00 P.M.

SPEAKER: Ariel Pakes - Yale University

TITLE: "Some Simple Collusive Markov Perfect Models: Numerical Results"


TUESDAY 21 JULY

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

SPEAKER: Gautam Gowrisankaran - University of Minnesota

TITLE: "Who Pays Too Much for Bypass Surgery? Evidence from Hospital Entry Behavior"

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

SPEAKER: Nadia Soboleva - Yale University

TITLE: "Foreign Direct Investment: A Dynamic Model of a Firm's Location Choice"

TIME: 1:30 - 2:30 P.M.

SPEAKER: James Levinsohn - University of Michigan

TITLE: "Evaluating Models of Productivity Dynamics"

TIME: 3:00 - 4:00 P.M.

SPEAKER: Christopher Timmins - Yale University

TITLE: "Measuring the Dynamic Efficiency Costs of Regulators' Preferences"


WEDNESDAY 22 JULY

TIME: 10:30 - 11:30 A.M.

SPEAKER: Patrick Bajari - Stanford University

TITLE: "Structural Estimation of Games of Incomplete Information"

TIME: 1:30 - 2:30 P.M.

SPEAKER: Quang Vuong - University of Southern California

TITLE: "Conditionally Independent Private Values in OCS Wildcat Auctions"

TIME: 3:00 - 4:00 P.M.

SPEAKER: Bernard Salanie - INSEE

TITLE: "Estimating Preferences under Risk: The Case of Racetrack Bettors"


THURSDAY 23 JULY

TIME: 10:30 - 11:30 A.M.

SPEAKER: Frank Wolak - Stanford University

TITLE: "An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market"

TIME: 1:30 - 2:30 P.M.

SPEAKER: Gregory Crawford - Duke University

TITLE: "An Empirical Model of Matching Between Patients and Drugs"

TIME: 3:00 - 4:00 P.M.

SPEAKER: Costas Meghir - University College London

TITLE: "Collective Labor Supply: Heterogeneity and Nonparticipation"



IV. SEGMENT #4: FOUNDATIONS AND APPLICATIONS OF CONTRACTUAL INCOMPLETENESS

ORGANIZED BY: STEVE TADELIS, ECONOMICS DEPARTMENT AND JEFFREY ZWIEBEL, GRADUATE SCHOOL OF BUSINESS

DATE: JULY 27 - 31, 1998

 

MONDAY 27 JULY

TIME: 9:30 - 10:45 A.M.

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

TITLE: "Cooperative Investments and the Value of Contracting"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Aaron Edlin - University of California at Berkeley

TITLE: "Contract Renegotiation in Agency Problems"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Eric Maskin - Harvard University

TITLE: "Unforeseen Contingencies, Property Rights, and Incomplete Contracts"


TUESDAY 28 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Oliver Hart - Harvard University

TITLE: "Foundations of Incomplete Contracts"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Ilya Segal - University of California at Berkeley

TITLE: "The Mirrlees Approach to Implementation and Renegotiation: Theory and Applications to Hold-Up and Risk Sharing"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Leonardo Felli - University of Pennsylvania (Visiting)

TITLE: "Costly Bargaining and Renegotiation"


WEDNESDAY 29 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: John Roberts - Stanford University

TITLE: "The Boundaries of the Firm Revisited"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Andrew Newman - Columbia University

TITLE: "Monotone Matching in Perfect and Imperfect Worlds"

TIME: 2:00 - 3:15 P.M.

SPEAKER: W. Bentley MacLeod - University of Southern California

TITLE: "Complexity, Contract and the Employment Relationship"


THURSDAY 30 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Klaus Schmidt - University of Munich

TITLE: "Sequential Investments and Options to Own"

TIME: 11:00 - 12:15 P.M.

SPEAKER: David de Meza - Exeter University

TITLE: "When Will Capitalists Meet Their Match? The Property Rights Theory of the Firm with Endogenous Timing"

TIME: 2:00 - 3:15 P.M.

SPEAKER: Jeffrey Zwiebel - Stanford University

TITLE: "Mergers, Employee Hold-Up and the Scope of the Firm: An Intrafirm Bargaining Approach to Mergers"


FRIDAY 31 JULY

TIME: 9:30 - 10:45 A.M.

SPEAKER: Robin Wells - Massachusetts Institute of Technology

TITLE: "Information, Authority and Internal Governance of the Firm"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Hongbin Cai - University of California at Los Angeles

TITLE: "Heterogeneity, Influence Activities and Organizational Design"



I. SEGMENT #5: RECURSIVE MECHANISM DESIGN

ORGANIZED BY: THOMAS SARGENT, ECONOMICS DEPARTMENT

DATE: AUGUST 3 - 7, 1998

MONDAY 3 AUGUST

TIME: 11:00 - 12:15 P.M.

SPEAKER: Neil Wallace - Pennsylvania State Univ. and Federal Reserve Bank of Minneapolis

TITLE: "An Optimal, Monetary Impulse-Response Function"

TIME: 2:15 - 3:30 P.M.

SPEAKER: Ruilin Zhou - Federal Reserve Bank of Minneapolis

TITLE: "Money and the Law of One Price: A Progress Report"

TIME: 3:45 - 5:00 P.M.

SPEAKER: Stephen D. Williamson - University of Iowa

TITLE: "Unemployment Insurance and Experience Rating"


TUESDAY 4 AUGUST

TIME: 9:30 - 10:45 A.M.

SPEAKER: Eric Bond - Pennsylvania State University

TITLE: "Gradualism in Trade Agreements with Asymmetric Countries"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Kenneth Kletzer - University of California at Santa Cruz

TITLE: "Intertemporal Barter"

TIME: 2:15 - 3:30 P.M.

SPEAKER: Brian Wright - University of California at Berkeley

TITLE: "A Model of Supply of Storage and Backwardation with Apparent 'Convenience Yield'"


WEDNESDAY 5 AUGUST

TIME: 9:30 - 10:45 A.M.

SPEAKER: Edward J. Green - Federal Reserve Bank of Minneapolis

TITLE: "Implementing Efficient Allocations in a Model of Financial Intermediation"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Harold Cole and Narayana Kocherlakota - Federal Reserve Bank of Minneapolis

TITLE: "Dynamic Games with Hidden Actions and Hidden States"

TIME: 2:15 - 3:30 P.M.

SPEAKER: B. Ravikumar - University of Iowa

TITLE: "Enduring Relationships in an Economy with Capital"

TIME: 3:45 - 5:00 P.M.

SPEAKER: Christopher Phelan - Northwestern University

TITLE: "A Recursive Formulation for Repeated Agency with History Dependence"


THURSDAY 6 AUGUST

TIME: 9:30 - 10:45 A.M.

SPEAKER: Evan W. Anderson - University of Chicago

TITLE: "Uncertainty and the Dynamics of Pareto Optimal Allocations"

TIME: 11:00 - 12:15 P.M.

SPEAKER: Ethan Ligon - University of California at Berkeley

TITLE: "Implementation in Village Economies"

TIME: 2:15 - 3:30 P.M.

SPEAKER: Edward S. Prescott - Federal Reserve Bank of Richmond

TITLE: "Computing Private Information Problems with Dynamic Programming Methods"

TIME: 3:45 - 5:00 P.M.

SPEAKER: Sevin Yeltekin - Stanford University

TITLE: "Dynamic Principal-Multiple Agent Contracts"

 

 

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