Cowles Foundation for Research in Economics

Conference on the
ECONOMETRICS OF STRATEGY AND DECISION MAKING

May 5–7, 2000

MAY 5th
8:15–10:15 SESSION 1: NEW DEVELOPMENTS IN STRUCTURAL ESTIMATION METHODS
     CHAIR: ARIEL PAKES
Soren Blomquist and Whitney Newey, Nonparametric Estimation with Nonlinear Budget Sets (abstract)
     Discussant: Donald Andrews
Roni Shachar (Tel Aviv University) and Nickolay Moshkin (Yale University), Switching Costs or Search Costs? [42pp]
     Discussant: Steve Berry
Daniel Ackerberg (Boston University, NBER), Importance Sampling and the Simulated Method of Moments [22pp]
     Discussant: Ariel Pakes
8:15–10:15 SESSION 2: DYNAMICS AND ADJUSTMENT COSTS
     CHAIR: IGAL HENDE
Sanghamitra Das (Indian Statistical Institute), Mark Roberts (Pennsylvania State University and NBER) and James Tybout (Pennsylvania State University), Micro Foundations of Export Dynamics (abstract)
     Discussant: Nadia Soboleva
Russell Cooper and John Haltiwanger, On the Nature of Capital Adjustment Costs [23pp]
     Discussant: George Hall
James Levinsohn (NBER and University of Michigan) and Amil Petrin (University of Chicago, GSB), Estimating Production Functions Using Intermediate Inputs to Control for Unobservables [53pp]
     Discussant: Mark Roberts
10:30-12:30 SESSION 3: DYNAMIC OLIGOPOLY
     CHAIR: DIRK BERGEMANN
Andrew Ching, Dynamic Equilibrium in the U.S. Prescription Drug Market After Patent Expiration [73pp]
     Discussant: Iain Cockburn
Steven Berry (Yale University and NBER) and Ariel Pakes (Harvard University and NBER) Using First-Order Conditions to Estimate Dynamic Oligopoly Models [21pp]
     Discussant: Gautam Gowrisankaran
Mireia Jofre-Bonet and Martin Pesendorfer, Bidding Behavior in a Repeated Procurement Auction (abstract)
     Discussant: Lanier Benkard
10:30–12:30 SESSION 4: INCENTIVE SCHEMES AND LABOR SUPPLY
     CHAIR: GERARD VAN DEN BERG
Bruce Shearer (Université Laval), Piece Rates, Fixed Wages and Incentives: Evidence from a Field Experiment [38pp]
     Discussant: Marc Ivaldi
Victor Aguirregabiria (University of Chicago), Evaluating the Effect of Regulated Severance Payments on Employment, Wages, and Productivity [35pp]
     Discussant: Hanming Fang
Christopher Ferrall, Estimation and Inference in Social Experiments: The Self-Sufficiency Project and the Dynamics of Income Assistance (abstract)
     Discussant: Jim Walker
2:00–3:30 PLENARY SESSION: Journal of Applied Econometrics Annual Lecture Series (Lecture 1)
Guy Laroque, Income Maintainance Programs, Minimum Wage and Employment in France [39pp]
2:00–3:30 SESSION 5;: EQUILIBRIUM MODELS OF LABOR SUPPLY AND SPORTS CONTENTS
     CHAIR: HANMING FANG
Matt Dey (New York University) and Chris Flinn (New York University), An Equilibrium Model of Health Care Provision and Wage Determination [43ppf]
     Discussant: Donna Gilleskie
Geert Ridder (Johns Hopkins University) and Gerard van den Berg (Free University Amsterdam), A Cross-Country Comparison of Labor Market Frictions [53pp]
     Discussant: Zvi Eckstein
Luca Rigotti (Tilburg University), Frederic Palomino (Tilburg University) and Aldo Rustichini (Boston University), Skill, Strategy, and Passion: an Empirical Analysis of Soccer [44pp]
     Discussant: Christopher Ferrall
3:45–5:45 SESSION 6: AUCTIONS
     CHAIR: CHRIS TIMMINS
Stephen Donald (Boston University), Harry Paarsch (University of Iowa) and Jacques Robert (Université de Montréal) Identification, Estimation, and Testing in Empirical Models of Sequential, Ascending Price Auctions with Multi-Unit Demand: An application to Siberian Timber-Export Permits [36pp]
     Discussant: Samita Sareen
Samita Sareen (University of Tornoto and Bank of Canada), The Economics of Timber Auctions in Southern Ontario [45pp]
     Discussant: Harry Paarsch
Isabelle Perrigne, Semiparametric Estimation of First-Price Auctions with Risk-Averse Bidders
     Discussant: Mathew Shum

MAY 6th
8:15–10:15 Session 7: LIFE CYCLE MODELS OF RETIREMENT
     CHAIR: PATRICK BAYER
Eric French (Federal Reserve Bank of Chicago), The Effects of Health, Wealth, and Wages on Labor Supply and Retirement Behavior [47pp]
     Discussant: Hugo Benitez Silva
Mark An (Duke University) ,Bent Christensen (University of Aarhus) and Nabanita Gupta (University of Aarhus), A Bivariate Duration Model of the Joint Retirement Decision of Married Couples [33pp]
     Discussant: Ann Stevens
David Blau and Donna Gilleskie, A Dynamic Structural Model of Health Insurance and Retirement (abstract)
     Discussant: John Rust
8:15–10:15 SESSION 8: ENDOGENOUS PRICING
     CHAIR: STEVE BERRY
John Rust (Yale University) and George Hall (Yale University), The (S,s) Rules Is an Optimal Trading Strategy in a Class of Commodity Price Speculation Problems [23pp]
     Discussant: Sofronis Clerides
Burton Hollifield (Carnegia Mellon University), Robert Miller (Carnegie Mellon University) and Patrik Sandas (University of Pennsylvania), An Empirical Analysis of Limit Order Markets [72pp]
     Discussant: Shyam Sunder
10:30–12:30 SESSION 9: HUMAN CAPITAL
     CHAIR: KENNETH WOLPIN
Hanming Fang, Disentangling the College Wage Premium: Estimating a Model with Endogenous Education Choices [37pp]
     Discussant: Robert Miller
Fabien Postel-Vinay and Jean-Marc Robin, Expertise or Experience: What Raises Pay? [23pp]
     Discussant: Gerard van den Berg
Susumu Imai (Pennsylvania State University), Intertemporal Labor Supply and Human Capital Accumulation [48pp]
     Discussant: Victor Aguirregabiria
10:30–12:30 SESSION 10: ESTIMATING EQUILIBRIUM MODELS OF COMMUNITY CHOICE
     CHAIR: ARIEL PAKES
Patrick Bayer, Tiebout Sorting and Discrete Choices: A New Explanation for Socioeconomic Differences in the Consumpton of School Quality (abstract)
     Discussant: Hamilton Lankford
Kerry Smith, Spencer Banzhaf, Randy Walsh and Holger Sieg, Measuring the Impact of Air Quality on Housing Markets and Residential Choices in Southern California (abstract)
     Discussant: Roni Shachar
Christopher Timmins (Yale University, Estimating the Amenity Costs of Global Warming in Brazil: Getting the Most From Available Data (abstract)
     Discussant: Matt Kahn
2:00–3:30 PLENARY SESSION: Journal of Applied Econometrics Annual Lecture Series (Lecture 2)
Guy Laroque, Breaking Down Married Female Non-employment in France [35pp]
3:45-5:45 SESSION 11: TRAINING AND IMMIGRATION
     CHAIR: JOHN RUST
Zvi Eckstein (University of Tel Aviv and Boston University) and Sarit Cohen (University of Tel Aviv), Training and Occupational Choice of Highly Skilled Immigrants [50pp]
     Discussant: Stephen Cameron
Yoram Weiss (Tel Aviv University, Robert M. Sauer (Hebrew University of Jerusalem) and Menachem Gottlibovski (Academic College of Tel-Aviv-Yaffo), Immigration, Search and Loss of Skill [49pp]
     Discussant: Christian Belzil
John Kennan (University of Wisconsin-Madison and NBER) and Jim Walker (University of Wisconsin-Madison and NBER), Geographical Wage Differentials, Welfare Benefis and Migration [24pp]
     Discussant: Kenneth Wolpin
3:45–5:45 SESSION 12: DUTCH AND FIRST PRICE AUCTIONS
     CHAIR: MARTIN PESENDORFER
Gerard van den Berg (Free University Amsterdam and CEPR) and Bas van der Klauuw (Free University of Amsterdam and Tinbergen Institute), Structural Empirical Analysis of Dutch Flower Auctions [34pp]
     Discussant: Patrick Bajari
Indranil Chakraborty and George Deltas, A Two-stage Approach to Structural Econometric Analysis of First Price Auctions (Description)
     Discussant: Bas van der Klauuw
Patrick Bajari and Lixin Ye, Detecting Collusion in Procurement Auctions (abstract)
     Discussant: George Deltas

MAY 7th
8:15–10:15 SESSION 13: SCHOOLING AND COLLEGE CHOICE
     CHAIR: PATRICK BAYER
Peter Arcidiacono (Duke University), Affirmative Action in Higher Education: A Structural Model of the College Decision Making Process (abstract)
     Discussant: Michael Keane
Christian Belzil (Concordia University) and Jorgen Hansen (University of Bonn), Intergenerational Transfers and the Rate of Time Preference in a Dynamic Model of Schooling Decisions [29pp]
     Discussant: Jean-Marc Robin
Christopher Taber (Northwestern University) and Steve Cameron (Columbia University and Federal Reserve Bank of New York), Borrowing Constraints and the Return to Schooling [56pp]
     Discussant: Bruce Meyer
8:15–10:15 SESSION 14: EXTORTION, COLLUSION AND NETWORK EXTERNALITIES
     CHAIR: CHRIS TIMMINS
Han Hong and Matthew Shum, Adverse Selection and Market Power in Milk Quota Double Auctions [5pp]
     Discussant: Martin Pesendorfer
Dan Ackerberg, Gautam Gowrisankaran and Joanna Stavins, Network Externalities and Technology Adoption: Lessons from Electronic Payments [40pp]
     Discussant: Liran Einav
Norman Offstein, A Guerrilla Movement that Extorts an Oil Company
     Discussant: Gustavo Gomez Sorzano
10:30–12:30 SESSION 15: LABOR SUPPLY, FERTILITY, AND WELFARE
     CHAIR: JOHN RUST
M. Laura Di Tommaso (University of Cambridge) and Melvyn Weeks (University of Cambridge), Decision Structures and Discrete Choice: An Application to Labour Supply and Fertility [40pp]
     Discussant: Mark Montgomery
Michael Keane (New York University and University of Minnesota) and Kenneth Wolpin (University of Pennsylvania), "Estimating the Impact of Welfare on the Education, Employment, Fertility and Marriage Decisions of Women [54pp]
     Discussant: Seth Sanders
Bruce Meyer (Northwestern University) and Brian Jenn (Northwestern University), A Structural Model of Welfare, Taxes, Labor Supply and Program Participation [16pp]
     Discussant: Guy Laroque
10:30–12:30 SESSION 16: IDENTIFICATION AND COMPUTATION: Applications to Decision Theoretic and Game Theoretic Models
     CHAIR: STEVE BERRY
Felix Kubler, Is Intertemporal Choice Theory Testable? [17pp]
     Discussant: Donald Brown
Gary Chamberlain (Harvard University), Econometric Applications of Maxmin Expected Utility [25pp]
     Discussant: Ben Polak
Olivier Armantier (University of Pittsburgh), Jean-Pierre Florens and Jean-Francois Richard, Nash Equilibrium Approximation in Games of Incomplete Information [21pp]
     Discussant: Dirk Bergemann