STANFORD
INSTITUTE FOR THEORETICAL ECONOMICS
2000
SUMMER WORKSHOP - FINAL PROGRAM
JUNE 26 -
AUGUST 10, 2000
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TABLE OF CONTENTS:
I. SEGMENT #1: EMPIRICAL IMPLEMENTATION OF THEORETICAL
MODELS OF STRATEGIC INTERACTION AND DYNAMIC BEHAVIOR
ORGANIZED BY: FRANK WOLAK,
ECONOMICS DEPARTMENT,
ARIEL S. PAKES, HARVARD UNIVERSITY,
PATRICK BAJARI, ECONOMICS DEPARTMENT,
LANIER BENKARD, GRADUATE SCHOOL OF BUSINESS
DATE: JUNE 26 - 29, 2000
MONDAY 26 JUNE
TIME: 9:30-10:30 A.M.
SPEAKER: Patrick
Bajari - Stanford
University
TITLE: "Detecting Collusion in
Procurement Auctions"
TIME: 11:00 A.M. - 12:00 P.M.
SPEAKER: Philip A. Haile - University of Wisconsin
at Madison
TITLE: "Inference with an Incomplete Model
of English Auctions"[PDF file]
TIME: 1:30 - 2:30 P.M.
SPEAKER: Quang Vuong - University of Southern
California and Isabelle
Perrigne - University
of Southern California
TITLE: "Semiparametric Estimation of
First-Price Auctions with Risk Averse Bidders"
TIME: 3:00 - 4:00 P.M.
TITLE: "Bidding Asymmetries in Multi-Unit
Auctions: Implications of Bid Function Equilibria in the British Spot Market
for Electricity"
TUESDAY 27 JUNE
TIME: 9:30-10:30 A.M.
SPEAKER: Eric French - Federal Reserve
Bank of Chicago
TITLE: "The Effects of Health, Wealth and
Wages on Labor Supply and Retirement Behavior"[Web site]
TIME: 11:00-12:00 P.M.
SPEAKER: Wilbert Van der
Klaauw - University of North Carolina at Chapel Hill
TITLE: "On the Use of Expectations Data
in Estimating Structural Dynamic Models: An Analysis of Career Choices"[Scientific Word file]
TIME: 1:30-2:30
SPEAKER: Thomas
A. Mroz - University of North Carolina at Chapel Hill
and Timothy Savage
TITLE: "Long-Term Effects of Youth Unemployment"[PDF file ]
TIME: 3:00-4:00 P.M.
SPEAKER: Kenneth
Wolpin - University
of Pennsylvania
TITLE: "Estimating the Effects of Welfare
on the Education, Employment, Fertility and Marriage Decisions of Women"
WEDNESDAY 28 JUNE
TIME: 10:30-11:30 A.M.
SPEAKER: Matthew Shum- University of Toronto
TITLE: "Estimating a Dynamic Competitive
Equilibrium Model for a Milk Production Quota Market"[PDF
file]
TIME: 1:30-2:30 P.M.
TITLE: "Estimation from the Optimal
Conditions for Dynamic Controls in Oligopoly Models"[Web site]
TIME: 3:00-4:00 P.M.
TITLE: "Importance Sampling and the
Method of Simulated Moments"[PDF file ]
THURSDAY 29 JUNE
TIME: 10:30-11:30 A.M.
SPEAKER: Phillip Leslie- University of
California at Los Angeles
TITLE: "The Effects of Information on
Market Structure"
TIME: 1:30-2:30 P.M.
SPEAKER: Ronald Goettler- Carnegie Mellon
University
TITLE: "Spatial Competition in the
Network Television Industry"[PDF file ]
TIME: 3:00-4:00 P.M.
SPEAKER: Amil
Petrin - University
of Chicago
TITLE:
"Entry of the Satellite Dish into the Television Market: A
Utilization-based Approach to Welfare Measurement"[Postscript
file]
II. SEGMENT #2: ADVANCES IN THE THEORY OF TAXATION,
GOVERNMENT TRANSFERS, AND REDISTRIBUTIVE PROGRAMS
ORGANIZED BY: ANTONIO RANGEL, ECONOMICS
DEPARTMENT,
EMMANUEL SAEZ
, HARVARD UNIVERSITY
DATE: JULY 9 - 13, 2000
SUNDAY 9 JULY
TIME: 1:30-3:00 P.M.
SPEAKER: Roger Gordon- University of Michigan
TITLE: "Tax Structure and Government
Behavior: Implications for Tax Policy" [PDF file]
TIME: 3:30 - 5:00 P.M.
SPEAKER: Gareth Myles - University of Exeter
TITLE: "Strategic Inter-Regional
Transfers" [PDF file[PDF file]
MONDAY 10 JULY
TIME: 8:30 - 10:00 A.M.
SPEAKER: Koleman
Strumpf - University of North Carolina at Chapel Hill
TITLE: "Does Government Decentralization
Increase Policy Innovation?"[PDF file]
TIME: 10:30 A.M.- 12:00 P.M.
SPEAKER: Varadarajan Chari - University
of Minnesota
TITLE: "Expectation Traps and Monetary
Policy" [PDF file]
TIME: 1:30 -3:00 P.M.
SPEAKER: Hisahiro Naito University of California
at Irvine
TITLE: "To Implement Demand or Supply: A
Case of Employers Vs. Employee Based Tax"
TUESDAY 11 JULY
TIME: 8:30 - 10:00 A.M.
TITLE: "Capital Income Taxation when
Inherited Wealth is Non Observable"
TIME: 10:30 A.M. -12:00 P.M.
TITLE: "Bounded Rationality and Optimal
Limits on Choice"
TIME: 1:30 - 3:00 P.M.
TITLE: "Income Distribution Effects of
Public Education and Social Security in a Growing Economy"[PDF file ]
WEDNESDAY 12 JULY
TIME: 10:30 A.M. - 12:00 P.M.
SPEAKER: Stephen
Coate - Cornell
University
TITLE: "Market Provision of Public Goods:
The Case of Broadcasting"
TIME: 1:30 - 3:00 P.M.
SPEAKER: Wojcieh Kopczuk - University of Michigan
TITLE: "The Optimal Elasticity of Taxable
Income"
THURSDAY 13 JULY
TIME: TIME: 8:30 - 10:00 A.M.
SPEAKER: Emmanuel Saez
- Harvard University
TITLE:"Optimal Income Transfer Programs:
Intensive Versus Extensive Labor Supply Responses"
TIME: 10:30 A.M. - 12:00 P.M.
SPEAKER: Antonio Rangel - Stanford University
TITLE: "An Intergenerational View of the
Land Tax and Decentralization"
III. SEGMENT #3: ECONOMIC IMPLICATIONS OF
NETWORKS
ORGANIZED BY: KENNETH J. ARROW -
STANFORD UNIVERSITY,
MATTHEW O. JACKSON,
CALIFORNIA INSTITUTE OF TECHNOLOGY
DATE: JULY 17 - 20, 2000
MONDAY 17 JULY
TIME: 10:00-11:30 A.M.
SPEAKER: Matthew O. Jackson
- California Institute of Technology
TITLE: "Stability and Efficiency of
Exchange and Bargaining Networks"
TIME: 1:30-3:00 P.M.
SPEAKER: Massimo Morelli -
Visiting Professor at the University
of Minnesota
TITLE: "Network Formation with Sequential
Demands" [Web site]
TIME: 3:30-5:00 P.M
SPEAKER: Matthew O. Jackson
- California Institute of Technology and Alison Watts - Vanderbilt University
TITLE: "On the Formation of Interaction
Networks in Social Coordination Games" [PDF file]
TUESDAY 18 JULY
TIME: 10:00-11:30 A.M.
SPEAKER: Kenneth Arrow and
Ron Borzekowski - Stanford
University
TITLE: "Network Ties and Wage
Inequality"
TIME: 1:30-3:00 P.M.
TITLE: "Job Contact Networks" [Postscript file]
TIME: 3:30-5:00 P.M.
SPEAKER: Troy
Tassier - University
of Iowa
TITLE: "Can Know-Who Substitute for
Know-How? Referral Networks in Labor Markets" [PDF
file]
WEDNESDAY 19 JULY
TIME: 10:00-11:30 A.M.
SPEAKER: Sanjeev Goyal - Erasmus University
TITLE: "Learning, Network Formation and
Coordination"
TIME: 1:30-3:00 P.M.
SPEAKER: Elisa Bienenstock-
Department of Sociology, Stanford
University
TITLE: "The Evolution of Networks,
Reputation and Cooperation"
TIME: 3:30-5:00 P.M.
SPEAKER: Sudipta Sarangi - Virginia
Polytechnic Institute
TITLE: "Network Reliability with
Heterogeneous Agents"[PDF file] [PDF file]
THURSDAY 20 JULY
TIME: 10:00-11:30 A.M.
TITLE: "Identity, Social Networks, and
Education" by George Akerlof (UC, Berkeley) and Rachel Kranton (University of Maryland)
TIME: 1:30-3:00 P.M.
TITLE: "Buyer-Seller Networks" by
Rachel E. Kranton (University of Maryland) and Deborah F. Minehart (Boston University)</H3
TIME: 3:30-5:00 P.M.
SPEAKER: Phillip
Bonacich - University of California at Los
Angeles
TITLE: "Social Capital as a Social
Dilemma: A Simulation Study"[Word file]
ORGANIZED BY: DARRELL DUFFIE , GRADUATE SCHOOL
OF BUSINESS,
PETER HAMMOND, ECONOMICS
DEPARTMENT,
FELIX KUBLER, STANFORD UNIVERSITY,
CHRIS SHANNON , UNIVERSITY OF CALIFORNIA
- BERKELEY
DATE: JULY 25 - 29, 2000
TUESDAY 25 JULY
TIME: 9:30-10:45 A.M.
SPEAKER: Franklin Allen - University of Pennsylvania (with Douglas Gale)
TITLE:"Banking and Markets"
TIME: 11:15 A.M. - 12:30 P.M.
TITLE: "Monetary Equilibria"
TIME: 2:00-3:15 P.M.
SPEAKER: Karl
Vind - University
of Copenhagen
TITLE: "Institutions in Models of General
Equilibrium Theory" [Scientific Word file]
WEDNESDAY 26 JULY
TIME: 9:30-10:45 A.M.
SPEAKER: Jayasri Dutta - University of Cambridge
TITLE: "Default and Efficient Debt
Markets" [PDF file]
TIME: 11:15 A.M.-12:30 P.M.
SPEAKER: Tom Krebs - Brown University
TITLE: "Consumption-Based Asset Pricing
with Incomplete Markets" [PDF file]
TIME: 2:00-3:15 P.M.
SPEAKER: Lasse
Pedersen - Graduate
School of Business (with
Nicolae Garleanu)
TITLE: "Liquidity and Security Design in
Repeated Auction Markets" [Web
site]
THURSDAY 27 JULY
TIME: 9:30-10:45 A.M.
SPEAKER: Jan Werner - University of Minnesota (with Kevin Huang)
TITLE: "Implementing Arrow-Debreu
Equilibria by Trading Infinitely-lived Securities"
TIME: 11:15 A.M.-12:30 P.M.
SPEAKER: Yeneng
Sun - National University of Singapore
TITLE: "Unsystematic Risks and Weak
Factor Structures in a Finite Asset Market" [PDF file]
TIME: 2:00-3:15 P.M.
SPEAKER: Wen-Fang Liu - University of Washington
TITLE: "Heterogeneous Agent Economies
with Knightian Uncertainty"
FRIDAY 28 JULY
TIME: 9:30-10:45 A.M.
SPEAKER: Rohit Rahi - London School
of Economics with Piero Gottardi
TITLE: "Efficiency Properties of Rational
Expectations Equilibria with Asymmetric Information"
TIME: 11:15 A.M.-12:30 P.M.
SPEAKER: Alberto Bennardo -
University of California
at Los Angeles
TITLE: "Competition with Moral Hazard in
Multicommodity Economies"
TIME: 2:00-3:15 P.M.
SPEAKER: Ho-Mou Wu - National Taiwan
University (with
Wen-Chung Guo)
TITLE: "Effects of Speculation on Asset
Prices and Trading Volume in a Large Economy"
SATURDAY 29 JULY
TIME: 9:30-10:45 A.M.
SPEAKER: Edward
S. Prescott - Federal Reserve Bank of Richmond
TITLE: "Firms as Clubs in Walrasian
Markets with Private Information"
TIME: 11:15 A.M.-12:30 P.M.
SPEAKER: Neil Wallace - Pennsylvania State
University
TITLE:
"Knowledge of Individual Histories and Optimal Payment Arrangements"
V. SEGMENT #5: COMPUTATIONAL METHODS FOR
DYNAMIC STOCHASTIC MODELS
ORGANIZED BY: KENNETH L. JUDD, HOOVER INSTITUTION,
WOUTER J. DENHAAN , UNIVERSITY OF CALIFORNIA
- SAN DIEGO
DATE: JULY 31 - AUGUST 4, 2000
MONDAY 31 JULY
TIME: 1:30 -3:00 P.M.
SPEAKER: Peter Zadrozny - Bureau of Labor
Statistics and Baoline Chen - Rutgers
TITLE: "Perturbation Solution of
Nonlinear Rational Expectations Models"
TIME: 3:30 - 5:00 P.M.
TITLE: "Perturbation Solution of
Nonlinear Rational Expectations Models" (with Michel Jillard)
TUESDAY 1 AUGUST
TIME: 10:00 - 11:30 A.M.
TITLE: "Is There a Curse of
Dimensionality for Contraction Fixed Points in the Worst Case?"
TIME: 1:30 - 3:00 P.M.
SPEAKER Mico Mrkaic - Duke University
TITLE: "Policy Iteration Accelerated with
Krylov Methods" [Web
site]
TIME: 3:30 - 5:00 P.M.
TITLE: "A Comparison of Discrete and
Parametric Approximation Methods for Continuous-State Dynamic Programming
Problems" [PDF file]
(with Hugo Benitez-Silva, George Hall, Gunter J. Hitsch, John Rust)
WEDNESDAY 2 AUGUST
TIME: 10:00 - 11:30 A.M.
SPEAKER: Mario J.
Miranda - Ohio
State University
TITLE: "Numerical Solution of Dynamic
Oligopoly Games with Capacity Constraints" [PDF file](with
Dmitry Vedenov)
TIME: 1:30 - 3:00 P.M.
TITLE: "Optimal and Time-Consistent
Fiscal Policy with International Mobility of Capital: Why Does the U.S. Tax Capital More than Europe?"
(with Paul Klein and Jose-Victor Rios-Rull)[PDF file]
TIME: 3:30 - 5:00 P.M..
SPEAKER: Michael Binder - University of Maryland
TITLE: "Cross-Sectional Aggregation of
Nonlinear Dynamic Models Under Rational Expectations"
THURSDAY 3 AUGUST
TIME: 10:00 - 11:30 A.M.
SPEAKER: Wouter J. Denhaan - University of California
at San Diego
TITLE: "The Importance of the Number of
Different Agents in a Heterogeneous Asset-Pricing Model"[PDF file]
TIME: 1:30 - 3:00 P.M.
SPEAKER: Karl Schmedders -
Northwestern University and Felix
Kubler- Stanford University
TITLE: "Incomplete Markets, Transitory
Shocks, and Welfare"[PDF file]
TIME: 3:30 - 5:00 P.M.
SPEAKER: Michael Reiter -
Universitat Pompeu Fabra
TITLE: "Estimating the Accuracy of
Numerical Solutions to Dynamic Optimization Problems"
FRIDAY 4 AUGUST
TIME: 9:00 - 10:30 A.M.
SPEAKER: Marco Cagetti - University of Chicago
TITLE: "Wealth Accumulation Over the Life
Cycle and Precautionary Savings"[Web site]
TIME: 11:00 A.M. - 12:30 P.M. .
TITLE: "Asymptotic Methods for Asset
Market Analysis" [Web site](with
Sy-Ming Guu)
ORGANIZED BY: ILYA SEGAL,
ECONOMICS DEPARTMENT,
STEVE TADELIS,
ECONOMICS DEPARTMENT
JEFFREY H. ZWIEBEL, GRADUATE SCHOOL OF BUSINESS
DATE: AUGUST 6 - 10, 2000
MONDAY 7 AUGUST
TIME: 11:00 A.M.-12:15 P.M.
SPEAKER: Steven Tadelis - Stanford University
TITLE: "The Market for Reputations as an
Incentive Mechanism" [PDF file]
TIME: 2:00-3:15 P.M.
SPEAKER: Wouter Dessein - University of Chicago
TITLE: "Authority and Communication in
Organizations" [PDF file]
TIME: 3:45-5:00 P.M.
SPEAKER: Luis Garicano - University of Chicago (with Tano Santos)
TITLE: "Referrals"[PDF file]
TUESDAY 8 AUGUST
TIME: 9:30-10:45 A.M.
SPEAKER: Leonardo Felli - London School
of Economics (visiting University
of Pennsylvania) (with
Kevin Roberts)
TITLE: "Does Competition Solve the
Hold-Up Problem?" [PDF file]
TIME: 11:00 A.M.-12:15 P.M.
SPEAKER: Hongbin
Cai - University of California at Los
Angeles
TITLE: "War or Peace: Which Leads to More
Arms"
TIME: 2:00-3:15 P.M.
SPEAKER: Andrew Newman - University College
London
TITLE: "Interference: Contracts and
Authority with Insecure Communication"
TIME: 3:45-5:00 P.M.
SPEAKER: Peter DeMarzo - University of California
at Berkeley
TITLE: "Optimal Long-Term Financial
Contracting with Privately Observed Cash Flows"
WEDNESDAY 9 AUGUST
TIME: 9:30-10:45 A.M.
SPEAKER: Dilip Mookherjee- Boston University
(with Debraj Ray)
TITLE: "Contractual Structure and Wealth
Accumulation"[Web
site]
TIME: 11:00 A.M.-12:15 P.M.
SPEAKER: Debraj Ray - New York University
(with Dilip Mookherjee)
TITLE: "The Time Structure of
Self-Enforcing Agreements" [PDF file]
TIME: 2:00-3:15 P.M.
SPEAKER: Maitreesh Ghatak - University of Chicago (with Timothy Besley)
TITLE: "Government vs. Private Ownership
of Public Goods" [PDF file]
TIME: 3:45-5:00 P.M.
SPEAKER: Ashok Rai - Harvard University (with Tomas Sjostrom)
TITLE: "Is Grameen Lending
Efficient?" [PDF file]
THURSDAY 10 AUGUST
TIME: 9:30-10:45 A.M.
SPEAKER: Michael Fishman -
Northwestern University
TITLE: "The Enforcement Policy of a
Self-Regulatory Organization"
TIME: 11:00 A.M.-12:15 P.M.
SPEAKER: Thomas Hellmann - Graduate School
of Business at Stanford
University
TITLE: "Entrepreneurship and the Process
of Obtaining Resource Commitments" [PDF file]
TIME: 2:00-3:15 P.M.
SPEAKER: Joel Watson - University of California
at San Diego
(with Alan Schwartz)
TITLE: "Economic and Legal Aspects of
Costly Recontracting"
TIME: 3:45-5:00 P.M.
SPEAKER: Philip Bond -
Northwestern University
TITLE: "Courts and Contracts"