1 Day 1 (Thursday, 10 November 2016) 13:00 – 14:00 Registration 14:00 – 14:15 Welcome address Eftichios Sartzetakis, Deputy Rector, University of Macedonia 14:15-16:15 Parallel Sessions A A.1 Applied Economics Chair: Giuseppe Pignataro Room: Ilida Sea, sun and regulations Antoine Bonleu Long-run intergenerational social mobility and the distribution of surnames M.Dolores Collado, Ignacio Ortuno-OrtÌn and Andres Romeu The welfare impact of tourism in an urban setting Gianandrea Lanzara and Gaetano Alfredo Minerva One more in my backyard? Insights from the 2011 Italian Nuclear referendum Giovanni Prarolo and Giuseppe Pignataro A.2 Macroeconomics I Chair: Dimitrios Bermperoglou Room: Seros Space A Model of The Gold Standard and the Great Depression Luca Pensieroso and Romain Restout Price Dispersion and Endogenous Search Intensity Aristotelis Boukouras and Yu Zhu A Schumpeterian Perspective on Piketty's Laws of Capitalism Jakob B. Madsen, Antonio Minniti and Francesco Venturini Non-linear Effects of Fiscal Policy The Role of Housing Wealth and Collateral Constraints Dimitrios Bermperoglou A.3 Microeconomics I Chair: Yang Jiang Room: Voula Patoulidou A Buyer-Optimal Signal Structure in Sequential Screening Jonas von Wangenheim Contracting on Networks Mohamed Belhaj and Frederic Deroıan Annuities, Bequests and Asymmetric Information Ben J. Heijdra, Yang Jiang and Jochen O. Mierau
Transcript
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Day 1 (Thursday, 10 November 2016)
13:00 – 14:00 Registration 14:00 – 14:15 Welcome address Eftichios Sartzetakis, Deputy Rector, University of Macedonia
14:15-16:15 Parallel Sessions A
A.1 Applied Economics Chair: Giuseppe Pignataro Room: Ilida Sea, sun and regulations Antoine Bonleu Long-run intergenerational social mobility and the distribution of surnames M.Dolores Collado, Ignacio Ortuno-OrtÌn and Andres Romeu The welfare impact of tourism in an urban setting Gianandrea Lanzara and Gaetano Alfredo Minerva One more in my backyard? Insights from the 2011 Italian Nuclear referendum Giovanni Prarolo and Giuseppe Pignataro
A.2 Macroeconomics I Chair: Dimitrios Bermperoglou Room: Seros Space A Model of The Gold Standard and the Great Depression Luca Pensieroso and Romain Restout Price Dispersion and Endogenous Search Intensity Aristotelis Boukouras and Yu Zhu A Schumpeterian Perspective on Piketty's Laws of Capitalism Jakob B. Madsen, Antonio Minniti and Francesco Venturini Non-linear Effects of Fiscal Policy The Role of Housing Wealth and Collateral Constraints Dimitrios Bermperoglou
A.3 Microeconomics I Chair: Yang Jiang Room: Voula Patoulidou A Buyer-Optimal Signal Structure in Sequential Screening Jonas von Wangenheim Contracting on Networks Mohamed Belhaj and Frederic Deroıan Annuities, Bequests and Asymmetric Information Ben J. Heijdra, Yang Jiang and Jochen O. Mierau
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A.4 Environmental Economics I Chair: Markus Herrmann Room: Olympia D Environmental Policy and the Size Distribution of Firms Jessica Coria and Efthymia Kyriakopoulou Climate Engineering under Deep Uncertainty and Heterogeneity Johannes Emmerling, Vassiliki Manoussi and Anastasios Xepapadeas Intra (Inter) Regional Effects of Environmental Policies as NTMs in an Economic Union Ioanna Pantelaiou, Panos Hatzipanayotou, Panagiotis Konstantinou and Anastasios Xepapadeas Private and Social Value of Habit Formation, Environmental Consciousness and the Introduction of a Green Product Christos Constantatos, Markus Herrmann and Eftichios S. Sartzetakis
A.5 International Economics Chair: Gianpaolo Rossini Room: Kallipatira Deep Habits and Exchange Rate Pass-through Punnoose Jacob and Lenno Uuskula Immigration, Offshoring, Tasks and Technology Adoption: Implications for Natives Wage Structure Ehsan Vallizadeh Foreclosure, dumping, export competition and the case of China market economy status Gianpaolo Rossini
A.6 Finance I Chair: Xavier Raurich Room: Meeting room Capital Structure and Variability: Implications for Corporate Structure and Information Policy Albert Banal-Estanol and Marco Ottaviani A Model of Market Sentiment Giulio Bottazzi, Pietro Dindo and Daniele Giachini Wealth and Price Distribution by Diffusive Approximation in a Repeated Prediction Market Giulio Bottazzi and Daniele Giachini Intergenerational income distribution, dynamic inefficiency and bubbles Thomas Seegmuller and Xavier Raurich
16:15-16:45 Coffee break
16:45-18:15 Murat Sertel Lecture: Chair: Unal Zenginobuz Room: Voula Patoulidou A Invited Speaker: Harris Dellas (University of Bern, Switzerland) “Quantifying Confidence”
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18:15-19:45 Parallel Sessions B
B.1 Industrial Organization I Chair: Chrysovalantou Milliou Room: Voula Patoulidou A New Media Platforms, Copyright Owners and Advertising Dimitri Paolini and Elias Carroni Updates Management in Mobile Applications: iTunes vs Google Play Stefano Comino, Fabio M. Manenti and Franco Mariuzzo Bertrand Competition under Three-part Tariffs in Vertically Related Markets Maria Alipranti and Emmanuel Petrakis Behaviour-based price discrimination with doubly heterogeneous consumers Stefano Colombo
B.2 Banking Chair: Helen Louri Room: Seros Space Banks' leverage procyclicality: does US dollar diversification really matter? Justine Pedrono and Aurelien Violon Monetary Policy Implications on the Investment Decision: Do Economies of Scope in the Banking Sector Matter? Eleni Dalla and Erotokritos Varelas Non-performing loans in the euro area: Are core-periphery banking markets fragmented? Anastasiou Dimitrios, Louri Helen and Tsionas Mike
B.3 Welfare Economics Chair: Burak Ünveren Room: Olympia D User prices and private incentives in general equilibrium George Economides and Apostolis Philippopoulos Multiple causation, apportionment and the Shapley value Dehez Pierre and Samuel Ferey Easterlin Paradox in General Equilibrium Burak Ünveren
B.4 Public Economics I Chair: Erwan Moussault Room: Meeting Room Distributional Implications of Optimal Tax Policy under Tax Evasion Tassos Rizos Tax Progressivity And Evasion Christos Kotsogiannis and Xavier Mateos-Planas Intergenerational transfers and tax policies Erwan Moussault
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B.5 Trade Theory I Chair: Kladiola Gjini Room: Ilida Trade Liberalization, Selection and Technology Adoption with Vertical Linkages Antonio Navas and Antonella Nocco Human capital accumulation and trade liberalization Kirill Borissov, Maurizio Iacopetta and Mikhail Klimenko Is undervaluation good for growth? Carine Nourry Total Factor Productivity and Most Favored Nations Tariffs: Evidence from Croatia Kladiola Gjini
B.6 Anti-trust Law and Economics Chair: Christos Constantatos Room: Kallipatira Media coverage of courts and sentencing practices: A career concern judge with two concerns José Antonio García Martínez and Ascension Andina-Dıaz Bottleneck Regulation with Endogenous Downstream Competition Luciano Greco and Fabio M. Manenti On the allocation of evidence among cartelists under a leniency program: how many informants are enough? Konstantinos Charistos and Christos Constantatos
20:15 Welcome Reception (Venue: Grand Hotel Palace)
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Day 2 (Friday, 11 November 2016)
09:00-11:00 Parallel Sessions C
C.1 Decision Making and Voting Chair: Ascension Andina-Dıaz Room: Voula Patoulidou B Horizontal Coordination and Transparency of Information Yunus Topbas and Unal Zenginobuz Catalog competition Theory and experiments Ivan Barreda-Tarrazona, Aurora Garcia-Gallego, Nikolaos Georgantzis and Dimitrios Xefteris Class vs. Identity: The Effect of Candidates’ Race on the Inequality-Redistribution Nexus Konstantinos Matakos and Dimitrios Xefteris Institutional flexibility, political alternation and middle-of-the-road policies Ascension Andina-Dıaz, Francesco Feri and Miguel A. Melendez-Jimenez
C.2 Social Choice Chair: Andrea Mattozzi Room: Voula Patoulidou A An Endogeneous scoring rule Carmen Herrero The Majoritarian Social Welfare Relation: Some Results Mihir Bhattacharya and Nicolas Gravel Information Disclosure under Strategy-proof Voting Rules Salvador Barberà and Antonio Nicolò Voter Participation with Collusive Parties David K. Levine and Andrea Mattozzi
C.3 Networks I Chair: Arnold Polanski Room: Olympia D On the Unidimensionality of Opinions Philippos Louis, Orestis Troumpounis and Nikolas Tsakas The Value of Network Information: Assortative Mixing Makes the Difference Mohamed Belhaj and Frederic Deroıan Listen Before You Link: Optimal Rules for Network Formation in the Presence of Externalities Shahir Safi Homophily and Influence: The Weakness of Weak Ties Arnold Polanski and Fernando Vega-Redondo
C.4 Game Theory I Chair: Antoni-Italo de Moragas Room: Kallipatira Coalitional fairness under strategic behaviour Nicholas Ziros
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Insideres dilemma: a general solution in a repeated game Berardino Cesi and Walter Ferrarese Resolute Swapping-proof Constitutions in Representative Democracy Hayrullah Dindar and Jean Laine Obscurantism in the Fukushima Nuclear Accident and a Neologism-Proof Equilibrium Takakazu Honryo and Makoto Yano Disclosing Decision Makers’ Private Interests Antoni-Italo de Moragas
C.5 Asset pricing and Financial Markets Chair: Carlos Ramırez Room: Meeting room The Russian stock market during the Ukrainian crisis: a network perspective Harald Schmidbauer, Angi Rosch, Erhan Uluceviz and Narod Erkol The Asian Financial Crisis and International Reserve Accumulation: A Robust control Approach Sang Seok Lee and Paul Luk The Wisdom of the Crowd Revisited Pietro Dindo and Filippo Massari Inter-firm Relationships and Asset Prices Carlos Ramırez
C.6 Trade Theory II Chair: Laura Birg Room: Seros space Industrial Policy and the Timing of Trade Liberalization Till Hollstein and Kristian Estevez Entrepreneurship and Welfare Gains from Trade Ching-mu Chen and Shin-Kun Peng A North-South Growth Model of International Trade and Intellectual Property Rights Protection Ignat Stepanok Cross-border or Online –Tax Competition with Mobile Consumers under Destination and Origin Principle Laura Birg
C.7 Business Cycles Chair: Mauro Napoletano Room: Ilida Measuring Economic and Financial Conditions in Emerging Economies Hamza Demircan, Cem Çakmaklı and Sumru Altug Our Ignorance (TFP) Unfolds: Rent Seeking Activities and Aggregate Economic Performance - The Case of Greece Stylianos G. Gogos, Dimitris Papageorgiou and Vanghelis Vassilatos Shadow Economy over the Business Cycle: How do Formal and Shadow Cycles Interact? Serdar Birinci and Ceyhun Elgin No Man Is an Island: The Impact of Heterogeneity and Local Interactions on Macroeconomic Dynamics Mattia Guerini, Mauro Napoletano and Andrea Roventini
11:00 – 11:30 Coffee break
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11:30-13:00 Parallel Sessions D
D.1 International Factor Movements Chair: Nicolas Destrée Room: Ilida Strategic Corporate Social Responsibility by Multinational Enterprises Constantine Manasakis, Evangelos Mitrokostas and Emmanuel Petrakis The growth impact of foreign direct investment: Do local regulatory and technological characteristics matter? Sotiris Papaioannou and Sophia Dimeli Efficiency of workers’ remittances Nicolas Destrée
D.2 Growth Theory I Chair: Alain Venditti Room: Kallipatira ”The falling sperm counts story”: A limit to growth? Johanna Etner, Natacha Raffin and Thomas Seegmuller Pollution, mortality and optimal taxation Aditya Goenka, Saqib Jafarey and William Pouliot Sunspot fluctuations in two-sector models with variable income effects F. Dufourt, K. Nishimura, C. Nourry and Alain Venditti
D.3 Public Economics II Chair: Nikos Tsakiris Room: Olympia D Spillover Effects in a Federal Country with Vertical Tax Externalities Lisa Grazzini and Alessandro Petretto Location and clustering of research activities: The role of public subsidies Marie-Laure Cabon-Dhersin and Emmanuelle Taugourdeau On The Efficiency of Destination and Origin Commodity Taxation in the Presence of Consumption Generated Cross Border Pollution Fabio Antoniou, Panos Hatzipanayotou, Michael S. Michael and Nikos Tsakiris
D.4 Bargaining and Dynamic Analysis Chair: Dimitrios Zormpas Room: Voula Patoulidou A Core on the Weak Domain Murat Yılmaz and Özgür Yılmaz Pre-distribution: Bargaining over Incentives with Endogenous Production Andrzej Baranski Should I farm or should I not? Luca Di Corato and Dimitrios Zormpas
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D.5 Game Theory II Chair: Andrés Muñoz Room: Voula Patoulidou B Coalitional Nash Stability in Hedonic Coalition Formation Games Seckin Ozbilen Observing Each Other’s Observations in a Bayesian Coordination Game Dominik Grafenhofer and Wolfgang Kuhle An Axiomatic Approach of Infinitely Repeatedly Games Natalia González Gómez and Andrés Muñoz
D.6 Sovereign Debt Chair: Ricardo Vicente Room: Meeting room Long Term Government Bonds Rigas Oikonomou, E Faraglia, A Marcet and A Scott Sovereign Default and Coalition Formation Ricardo Vicente
13:00 – 14:30 Lunch break
13:00 – 14:30 ASSET Board Meeting Room: Olympia A
14:30-16:30 Parallel Sessions E
E.1 Industrial Organization II Chair: Jan S. Voßwinkel Room: Voula Patoulidou B Prominence, Complexity, and Pricing Ioana Chioveanu Entry into complementary good markets with network effects Gastón Llanes, Andrea Mantovani and Francisco Ruiz-Aliseda Explaining Productivity Puzzles with Frictional Firm Entry: Endogenous Markups Versus Dynamic Reallocation Anthony Savagar Minimum Quality Standards and Exports Laura Birg and Jan S. Voßwinkel
E.2 Asymmetric Information I Chair: Paulo Fagandini Room: Ilida Optimal incentives on multiple prosocial activities when reputation matters Francisco Candel-Sánchez and Juan Perote-Peña Can there be a market for cheap-talk information? Some experimental evidence Antonio Cabrales, Francesco Feri, Piero Gottardi and Miguel A. Melendez-Jimenez
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Adverse Selection and Matching in Labor Markets Radoslawa Nikolowa and Daniel Ferreira It ain’t over ’till it’s over Paulo Fagandini
E.3 Environmental Economics II Chair: Sofronis Clerides Room: Kallipatira Green consumers and the choice between emission and output taxes Christos Constantatos, Christos Pargianas and Eftichios S. Sartzetakis Bargaining for Community Fishing Quotas Elias Asproudis and Eleftherios Filippiadis Carbon tax, emission permits, and carbon leak under price competition Paolo G. Garella and Maria Teresa Trentinaglia Designing Feebates Sofronis Clerides and Costas Hadjiyiannis
E.4 Macroeconomics II Chair: Karine Gente Room: Meeting room Optimal Monetary Policy and Labor Mobility Alessandro Cantelmo and Giovanni Melina Investment Decisions and Macroeconomic Uncertainty: Firm Level Evidence from Greece Panagiotis Printzis and Theodoros Panagiotidis Market and Political Power Interactions in Greece: An Empirical Investigation Tryphon Kollintzas, Dimitris Papageorgiou, Efthymios Tsionas and Vanghelis Vassilatos Inequalities and real exchange rates Marcel Aloy, Karine Gente and Carine Nourry
E.5 Microeconomics II Chair: Maria Arvaniti Room: Voula Patoulidou A Endowment redistribution and Pareto improvements in GEI economies Mendolicchio Concetta and Pietra Tito Incentives and Self-Selection in Triggering Violent Conflicts Christophe Muller and Moshik Lavie Incentives in Self-Regulatory Organizations Krzysztof Szczygielski Price Effects in the Short and in the Long Run Davide Dragone and Paolo Vanin When financial imperfections are not the problem, but the solution Maria Arvaniti and Andrés Carvajal
E.6 Growth Theory II Chair: Petros Milionis Room: Seros space Geographical structure and convergence: a note on geometry in spatial growth models Giorgio Fabbri
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Economic Growth, Health, and the Choice of Polluting Technologies: The Role of Bureaucratic Corruption Dimitrios Varvarigos Directed Technical Change and Government Policy Oguz Oztunali On Discounting and Voting in a Simple Growth Model Kirill Borissov, Mikhail Pakhnin and Clemens Puppe Is Capital Taxation Always Harmful for Economic Growth? Fabian ten Kate; Petros Milionis
E.7 Economics of Education Chair: Ana Balcão Reis Room: Olympia D Estimating the returns to educational mismatch with panel data: the role of unobserved heterogeneity revisited Marco Pecoraro Self-financing education, government policies, and economic growth Hoang D. Duong and Fernando Sánchez-Losada Income Inequality, Education Politics and Residential Location Decisions Paolo Melindi-Ghidi Is retention beneficial to low-achieving students? Evidence from Portugal Luis Catela Nunes and Ana Balcão Reis and Carmo Seabra
17:00 – 19:30 Award ceremony for the Louis-André Gérard-Varet prize and Urrutia Elejalde Foundation Session Chair: Joan-Maria Esteban Room: Voula Patoulidou A Invited speakers:
Joan-Maria Esteban, Institut d'Anàlisi Econòmica and Barcelona Graduate School of Economics
Alan P. Kirman, GREQAM, Marseille
Fernando Vega-Redondo, Università Bocconi
Ariel Rubinstein, University of Tel Aviv
Paul Seabright, University of Toulouse Round-table discussion on “Diversity in Economics”
F.1 Asymmetric Information II Chair: Allard van der Made Room: Ilida Strategic Incentives for Innovations and Market Competition Evangelia Chalioti and Konstantinos Serfes A Duopoly Game under Uncertainty about Product Differentiation: A Separating or Pooling Equilibrium? Miguel Ángel Ropero Delegation with a Reciprocal Agent Ester Manna and Alessandro De Chiara Strategic Activism in an Uncertain World Allard van der Made
F.2 Finance II Chair: Inci Gumus Room: Meeting room The Impact of Market Competition and Family Control On CEO Compensations Clara Graziano and Laura Rondi Oil and Gas, which is the Belle of the Ball ? The Impact of Oil and Gas Reserves on Sovereign Risk Emma Hooper Debt consolidation: Aggregate and distributional implications Eleftherios Roumpanis Transmission of Household and Business Credit Shocks in Emerging Markets: The Role of Real Estate Inci Gumus and Berrak Bahadir
F.3 Game Theory III Chair: Juan Perote-Peña Room: Olympia D Every member of the core is as respectful as any other Yasemin Dede and Semih Koray A "marginalist" model of network formation Norma Olaizola and Federico Valenciano Domestic politics and the formation of international environmental agreements Carmen Marchiori, Simon Dietz and Alessandro Tavoni The Evolution of True Altruism and Altruistic Punishment through Behavioral Green Berads in Humans Juan Perote-Peña and Francisco Candel
F4. Networks II Chair: Bauke Visser Room: Seros space Screening, competition and the wage differential between for-profit and non-profit firms Francesca Barigozzi and Nadia Burani
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Polarization through the endogenous network Ugo Bolletta and Paolo Pin Power Networks – A network approach of voting theory Ádám Telek What makes an opinion leader expertise versus popularity Theodoros Rapanos Editors in Economics Lorenzo Ductor and Bauke Visser
F.5 Industrial Organization III Chair: Tore Nilssen Room: Voula Patoulidou A Contract contingency in vertically related markets Emanuele Bacchiega, Olivier Bonroy and Emmanuel Petrakis Vertical Licensing, Input Pricing, and Entry Elpiniki Bakaouka and Chrysovalantou Milliou A General Equilibrium Analysis of State and Private Colleges And Access To Higher Education In The U.S. Dennis Epple, Richard Romano, Sinan Sarpca and Holger Sieg Delegation of Regulation Tapas Kundu and Tore Nilssen
F.6 Microeconomics III Chair: Haihan Yu Room: Kallipatira Excessive Competition for Headline Prices Roman Inderst and Martin Obradovits Intensity valence Fabian Gouret and Stephane Rossignol The Attraction Effect, Contour Sets and the Nash Product Nejat Anbarci and Kang Rong Better Fooling than Pooling: An Experiment on Signaling Francesco Feri, Miguel A. Melendez-Jimenez, Giovanni Ponti, Fernando Vega-Redondo and Haihan Yu
11:00-11:30 Coffee Break
11:30-13:00 Vilfredo Pareto Lecture Chair: Carmen Herrero Room: Voula Patoulidou A
G.1 Contract Theory Chair: Marco Buso Room: Kallipatira Procurement auctions for conservation contracts Luca Di Corato, Cesare Dosi and Michele Moretto Do Financing Constraints Kill Creativity? A Bandit Model of Innovation with Endogenous Financing Constraint Alessandro Spiganti Sequential Moral Hazard under Financial Limits: Sequential versus Partnership Contracts Marco Buso and Luciano Greco
G.2 Inequality Chair: Panos Tsakloglou Room: Ilida The drivers of wage inequality across Europe: a recentered influence function regression approach João Pereira and Aurora Galego Transatlantic Differences in Taxation, Redistribution and Provision of Public Goods: How Fair is Inequality? Orhan Torul Inequality in an Equal Society: Theory and Evidence Jochen Mierau and James Rockey Mobility into and out of poverty in Europe before, during and after the economic crisis Eirini Andriopoulou and Panos Tsakloglou
G.3 Experimental Economics Chair: Josefa Tomas Room: Voula Patoulidou A Altruism through Empathy: Evidence from the Field Elif Kubilay Other Regarding Concerns under Risk: the Role of Social Distance Natalia Montinari and Michela Rancan Coordination for collective rents: An experimental analysis Alexis Garapin, Olivier Bonroy, Stephen F. Hamilton and Diogo M. Souza Monteiro Optimistic and Stubborn: An Experimental Analysis of the Disposition Effect Carlos Cueva, Iñigo Iturbe-Ormaetxe, Giovanni Ponti and Josefa Tomas
G.4 Labour Economics Chair: Cecilia Vives Room: Seros space Bubble Economics and Structural Change: The Cases of Spain and France Compared Pablo Agnese and Jana Hromcová Profit sharing in a unionized differentiated duopoly Emmanuel Petrakis and Panagiotis Skartados Fiscal policy reforms in a general equilibrium model with imperfections Panagiota Koliousi, Natasha Miaouli and Apostolis Philippopoulos
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Human Capital and Market Size Cecilia Vives
G.5 Applied Econometrics Chair: Georgios Marios Chrysanthou Room: Meeting room High-order moments' transmission and co-movements in global crises: The kidnapping of Europe Esther B. Del Brio, Andrés Mora-Valencia and Javier Perote Testing for misspecification in GARCH-type models Thomas Chuffart, Emmanuel Flachaire and Anne Peguin-Feissolle Reassessing the inflation uncertainty-inflation relationship in the tails Georgios Bampinas and Panagiotis Konstantinou Parametric Estimation of Models with Measurement Error in a Binary Endogenous Variable Georgios Marios Chrysanthou
G.6 Family Economics Chair: Ana I. Moro-Egido Room: Olympia D Does Paternal Unemployment Affect Young Adult Offspring’s Personality? Viola Angelini, Marco Bertoni and Luca Corazzini Self-enforcing family rules, marriage and the (non)neutrality of public intervention Alessandro Cigno, Mizuki Komura,and Annalisa Luporini The Importance of Childcare on the Relationship Between Fertility and Female Labour Supply Panayiota Lyssiotou Intrahousehold allocation of resources and household deprivation Elena Bárcena-Martín, Maite Blázquez and Ana I. Moro-Egido
