Table of Contents
Welcome to the International Industrial Organization Conference
1
Geography and Activities
2
Industrial Organization Society
3
Review of Industrial Organization
4
IOS/RIO Awards
5
Conference Organizers
6
Conference Schedule
7
List of Sessions
8
Please visit the conference sponsor pages at the end of the program!
Front cover design by Nina Stepanov, Northeastern University, Class of 2016
Welcome to the 10th Annual
International Industrial Organization Conference
We are delighted to welcome you to the Tenth Annual International Industrial Organization Conference. When the Industrial
Organization Society first launched the IIOC only a decade ago, it was difficult to predict that it would quickly become the
premier venue in North America for frontier research in Industrial Organization, nor that it would be so successful in
attracting scholars and practitioners from around the world. We are pleased to return this year to the nation’s capital, where
the IIOC was held three years ago, and are grateful to George Mason University School of Law for hosting it.
The program is full of papers and presentations spanning theory, empirics, experiments, and policy with participants ranging
from established to emerging scholars. We are particularly happy to continue our tradition of Rising Star sessions on Friday
afternoon and applaud the efforts of Christopher Adams of the Federal Trade Commission and Emek Basker of the
University of Missouri for organizing them. This year’s keynote speaker is Richard Schmalensee - a truly eminent figure in
Industrial Organization who has been a major influence in all facets of the field
We sincerely thank all the members of the program committee who have worked so diligently to put together a great
program for this weekend. We want to acknowledge the work of the IOS Board throughout the year, and Kathy Downey of
Northeastern for helping to ensure a smooth-running conference. We would like to thank our Local Organizing Committee of
Christopher Adams and Joshua Wright who had the vision and the dedication to bring the 10th annual IIOC to the beautiful
Arlington campus of the George Mason University School of Law. We give sincere appreciation to Henry N. Butler and
Jeffrey Smith here at the George Mason University School of Law who have been so gracious and patient in all aspects of
our conference planning. We would like to acknowledge and thank the law students who are assisting with this event. None
of this could happen without the contributions of all these people.
Our sponsors this year are the Analysis Group, The Brattle Group, the Ewing Marion Kauffman Foundation, Google,
Microsoft, NERA Economic Consulting, and the University of Florida’s Public Utility Research Center and Robert F.
Lanzillotti Public Policy Research Center. We are extremely grateful to them for helping to make this event possible.
Further information about our sponsors, the IOS, and Arlington can be found in this program.
We are pleased to announce that next year’s conference will be back in Boston May 17 – 19 at the Boston Park Plaza Hotel.
We hope you will take note of these dates now, and refer to the announcement page later in this program, so you can plan
to join us next year.
Again, our warmest welcome and best wishes for what we feel certain will be a very stimulating and enjoyable conference
and weekend.
Joe Harrington
Johns Hopkins University
President, IOS
Ken Boyer
Michigan State University
Chair, IIOC Program Committee
1 Geography and Activities
The Arlington Campus of George Mason University emerged in 1979 when the Virginia General Assembly established the
George Mason University School of Law, merging it with the International School of Law, which was housed in the old
Kahn's department store building in Virginia Square. The following year, the university established graduate and continuing
education programs in the same building. In 1999, the School of Law relocated to a new building, a 150,000 square-foot
educational facility, located nearby on the Arlington Campus. That building is the first of a three-phase plan designed to
develop the 5.2 acre site. A new 256,000 square-foot classroom building, Founders Hall, opened in January 2011 and is
used primarily to house the School of Public Policy and auxiliary university services.
It is convenient to three major nearby airports.
Here is how you get back.
 The local cab company is Red Top at 703-522-3333.
 Ronald Reagan National is 20 minutes by cab (the fare is approximately $25 to $30) and can reached on the metro
by taking the Orange Line towards New Carlton and switching to the Blue line at Rosslyn towards FranconiaSpringfield.
 Washington Dulles International Airport is about, 50 minutes away by cab (the fare is approximately $65 to $70).
Alternatively, there is the Washington Flyer Coach Service that will take you in 25 minutes non-stop to the airport
from Metro's West Falls Church Metro Station leaving approximately every 30 minutes. To reach the West Falls
Church from Ballston, take the Orange Line towards Vienna. Call 1.888.WASHFLY for details.
 Baltimore-Washington International Airport is about 60 minutes by cab. Alternatively it is accessible by train from
Union Station, which can be reached by metro by taking the Orange Line towards New Carlton and changing to the
Red Line towards Wheaton
The Ballston and adjacent Clarendon areas (walkable, or one metro stop away) have abundant cafes, restaurants, and
shops.
WHAT IS THERE TO DO?
Arlington Cemetery: It is probably the one thing that Arlington is best known for. It is the former home of General Lee and
now the home of thousands of soldiers from the Civil War to Iraq. You can catch the Orange Line to Roslyn and then change
to the Blue Line one-stop to Arlington Cemetery.
There are plenty of memorials: The Marine Corps Memorial is located in Roslyn, Lincoln Memorial is across the bridge
from Arlington Cemetery, National WWII Memorial is one of the new kids on the "Mall", the Vietnam War Memorial is one of
the most moving of the memorials and is a short walk from the Lincoln Memorial, Jefferson Memorial is located just off the
Mall, and the brand new Air Force Memorial is located near the Pentagon.
There are also the numerous museums and galleries in Washington DC, many of which are free. They also have pretty good
food and some delicious gelato. If you are interested in wandering around then you may want to head to Old Town
Alexandria and if you have the time to venture further afield then you may want to check out Manassas National Battlefield
(of the Civil War), Shenandoah National Park, Great Falls National Park, or Mount Vernon, the home of George Washington.
2 Industrial Organization Society
The Industrial Organization Society (IOS) was founded in 1972 by Stanley Boyle, working closely with Willard Mueller. The
original aim of the IOS was to promote research on antitrust policy, regulatory policy, and competition and market power in
real-world markets. The Review of Industrial Organization, edited by Larry White, is the official journal of the IOS. The IOS
sponsors both an annual award for the Best Paper by a Junior Scholar in the Review, and an annual Distinguished Fellow
Award presented to a leading scholar in the field. In addition to organizing sessions at the annual meetings of the Allied
Social Sciences Association and at other regional meetings, the IOS sponsors an annual International Industrial
Organization Conference in order to accommodate the needs and interests of the burgeoning field.
Officers
President
Vice-President
Secretary-Treasurer
Joseph Harrington, Johns Hopkins University
Shane Greenstein, Northwestern University
Kenneth Boyer, Michigan State University
Board of Directors
Robert Feinberg
John Kwoka
Francine Lafontaine
Stephen Martin
Robert Masson
Dennis Mueller
David Sappington
John Scott
William Shepherd
Christopher Snyder
Lawrence White
American University
Northeastern University
University of Michigan
Purdue University
Cornell University
University of Vienna
University of Florida
Dartmouth College
U Mass.-Amherst (emeritus)
Dartmouth College
New York University
Past Presidents
Francine Lafontaine
David Sappington
Christopher Snyder
Robert Feinberg
Robert Masson
Stephen Martin
John Scott
John Kwoka
Paul Geroski
Carl Shapiro
Richard Gilbert
Dennis Mueller
F. M. Scherer
William Comanor
William Shepherd
University of Michigan
University of Florida
Dartmouth College
American University
Cornell University
University of Amsterdam
Dartmouth College
George Washington University
London Business School
University of California, Berkeley
University of California, Berkeley
University of Vienna
Kennedy School of Government, Harvard University
University of California, Santa Barbara
University of Massachusetts-Amherst
3 2010-2011
2008-2009
2006-2008
2004-2005
2002-2003
2000-2001
1999
1998
1997
1996
1995
1994
1993
1992
1991
Review of Industrial Organization
The Review of Industrial Organization, affiliated with the Industrial Organization Society, is celebrating its
thirty-eighth year of publication. Throughout its history, the Review has provided an outlet for empirical and
applied research, while welcoming theoretical work that either originates with a real-world puzzle or has
clear implications for an applied question. The Review is published by Springer Science+Business Media
LLC and appears in two volumes of four issues each per year.
The General Editor of the Review since 2004 has been Lawrence J. White of NYU’s Stern School of
Business. At present the Review has an Editorial Board of twenty-three members listed below. There are,
in addition, special editors in charge of several features that periodically appear in the Review. One recent
feature that has been of wide interest has been an annual “Antitrust and Regulatory Update,” which has
included essays on current policy issues by the Chief Economists of the U.S. Department of Justice’s
Antitrust Division, the Federal Trade Commission, the Federal Communications Commission, and the
European Union’s DGCompetition.
The Review welcomes articles on all aspects of industrial organization, broadly defined, as well as symposia
and special topics. Submissions should be submitted through the RIO/Springer website:
http://www.springer.com/economics/industrial+organization/journal/11151. Further information about the
Review and submission guidelines can be found at that website.
General Editor:
Lawrence J. White, Stern School of Business, New York University, USA
Editorial Board:
David Besanko; Northwestern University; John Howard Brown, Georgia Southern University; Robert M.
Feinberg, American University; Sara Fisher Ellison, Massachusetts Institute of Technology; Vivek Ghosal,
Georgia Institute of Technology; Rachael Goodhue, University of California-Davis; Jeroen Hinloopen, University
of Amsterdam; John E. Kwoka Jr., Northeastern University; Josh Lerner, Harvard University; Stephen Martin,
Purdue University; John W. Mayo, Georgetown University; Michael Mazzeo, Northwestern University; Dennis C.
Mueller, University of Vienna; Sharon Oster, Yale University; Michael Pollitt, Cambridge University; Robin
Prager, Federal Reserve Board; Laura Rondi, Ceris-CNR; David K. Round, University of South Australia; David
M. Sappington, University of Florida; John T. Scott, Dartmouth College; David Sibley, University of Texas;
Christopher M. Snyder, Dartmouth College; Wesley W. Wilson, University of Oregon.
Special Editors:
Industry Issues: Victor Tremblay, Oregon State University;
Consulting: William G. Shepherd, University of Massachusetts at Amherst (emeritus) 4 Industrial Organization Awards
Distinguished Fellow
Richard Schmalensee, Massachusetts Institute of Technology
Best Paper by a Junior Author in the past year’s Review of Industrial Organization
Volodymyr Bilotkach, “Multimarket Contact and Intensity of Competition: Evidence from an Airline Merger”, February
2011
The fifth annual Robert F. Lanzillotti Prize for the best paper in antitrust economics
Richard Friberg and Andre Romahn, Stockholm School of Economics “Ex-Post Merger Review and Divestitures”
The fourth annual Public Utility Research Prize for the best paper in regulatory economics
Cristian Huse, Stockholm School of Economics “Fast and Furious (and Dirty): The Effects of Environmental Policy
on the Swedish Car Market”
Previous Award Recipients
Distinguished Fellow
2010 R. Preston McAfee, Yahoo! Research
2009
John Sutton, London School of Economics
2008
Robert H. Porter, Northwestern University
2007
Ariel Pakes, Harvard University
2006
Paul Joskow, MIT
2005
Timothy F. Bresnahan, Stanford University
2004
Oliver E. Williamson, University of California,
2003
Dennis Mueller, University of Vienna
2002
William Comanor, University of California,
2001
William Shepherd, University of Massachusetts
2000
Richard Caves, Harvard University
1999
Jean Tirole, IDEI, Toulouse
1998
F. M. Scherer, Harvard University
The Robert F. Lanzillotti Prize For The Best Paper In
Antitrust Economics
2011
Charles Angelucci, Martijn Han, "Monitoring
Managers Through Corporate Compliance Programs"
2010
Michelle Goeree and Eric Helland, “Do Research
Joint Ventures Serve a Collusive Function?”
2009
Abraham Wickelgren and Marco Ottaviani, “Approval
Regulation and Learning, with Application to Timing
of Merger Control”
2008
Dennis W. Carlton, Joshua S. Gans and Michael
Waldman, "Why Tie a Product Consumers do not
Use”
The University Of Florida Public Utility Research Center
Prize For The Best Paper In Regulatory Economics
2011
Joseph Cullen, “Measuring the Environmental
Benefits of Wind Generated Electricity”
James Campbell, Avi Goldfarb and Catherine Tucker,
“Privacy Regulation and Market Structure”
2010
Maria Kopsakangas-Savolainen and Rauli Svento
“Comparing Welfare Effects of Different Regulation
Schemes: An Application to the Electricity
Distribution Industry”
2009
Byung-Cheol Kim and Jay Pil Choi “Net Neutrality
and Investment Incentives”
5 Best Paper by a Junior Author
2010
Adam Rennhoff, "The Consequences of
‘Consideration Payments’: Lessons from Radio
Payola"
2009
H. Evren Damar, "Why Do Payday Lenders Enter
Local Markets? Evidence from Oregon"
2008
Marco Castaneda and Dino Falaschetti, "Does a
Hospital's Profit Status Affect its Operational Scope?"
2007
Kouliavtsev, Mikhail S. "Measuring the Extent of
Structural Remedy in Section 7 Settlements: Was the
US DOJ Successful in the 1990s?"
2006
Stephane Caprice, "Multilateral Vertical Contracting
with an Alternative Supply: Welfare Effects of a Ban
on Price Discrimination"
2005
Orietta Marsilli, “Technology and the Size
Distribution
of Firms: Evidence from Dutch Manufacturing”
2004
Helder Vasconcelos, “Entry Effects on Cartel Stability
and the Joint Executive Committee”
2003
Michael Mazzeo, “Competition and Service Quality in
the U.S. Airline Industry”
2002
Claudio Piga, “Debt and Firms’ Relationships: The
Italian Evidence”
2001
Jozef Konings, “The Impact of Product Market
Competition on Employment”
Patrick Paul Walsh, “Determination of Unionized and
Non-Unionized Firms"
2000
In Kwon Lee , “Non-Cooperative Tacit Collusion,
Complementary Bidding and Incumbency Premium”
1999
Philippe Cyrenne, “On Antitrust Enforcement and the
Deterrence of Collusive Behavior”
1998
Rachael Goodhue, “Sustaining Collusion via a Fuzzy
Trigger”
Conference Organizers
Program Committee
Chairs: Ken Boyer, Michigan State University and George Deltas, University of Illinois
Christopher Adams, Federal Trade Commission
Patrick Bajari, University of Minnesota
Emek Basker, University of Missouri
Yongmin Chen, University of Colorado at Boulder
Jay Pil Choi, University of New South Wales
Jame Dana, Northeastern University
Timothy Dunne, Federal Reserve Bank of Cleveland
Robert Feinberg, American University
Martin Gaynor, Carnegie Mellon University
Timothy Hannan, Federal Reserve Board
Janice Hauge, University of North Texas
Steffen Huck, University College London
Thomas Jeitschko, U.S. Department of Justice
Francine Lafontaine, University of Michigan
Stephen Martin, Purdue University
Wallace Mullin, George Washington University
Russell Pittman, U.S. Department of Justice
Jeffrey Prince, Indiana University
Marc Rysman, Boston University
David Sappington, University of Florida
Maarten Pieter Schinkel, University of Amsterdam
Christopher Snyder, Dartmouth College
Kyle Stiegert, University of Wisconsin
Joel Waldfogel, University of Minnesota
Wesley Wilson, University of Oregon
Local Organizing Committee
Christopher Adams, Federal Trade Commission
Joshua Wright, George Mason University School of Law
6 CONFERENCE SCHEDULE (Eastern Daylight Savings Time) Friday, March 16
4:00 p.m. - 7:00 p.m.
Registration
Founders Hall Lobby
5:00 p.m. - 6:30 p.m.
Graduate Student Sessions (Session Block A)
6:30 p.m. - 8:00 p.m.
Welcome Reception
Hazel Hall Atrium
George Mason University School of Law
Saturday, March 17
7:00 a.m. - 4:00 p.m.
Ongoing Registration
Founders Hall Lobby
7:00 a.m. - 9:00 a.m.
Breakfast
Founders Hall Multipurpose Room
8:15 a.m. – 9:45 a.m.
Session Block B
10:00 a.m. - 12:00 noon
Session Block C
12:20 p.m. - 2:10 p.m.
Luncheon/Keynote
Richard Schmalensee
2:30 p.m. - 4:30 p.m.
Session Block D
4:45 p.m. - 6:15 p.m.
Session Block E
6:30 p.m. - 8:00 p.m.
Reception
Westin Ballroom
Westin Ballroom
Sunday, March 18
7:00 a.m. to 9:00
Breakfast
8:15 a.m. to 10:15 a.m.
Session Block F
10:30 a.m. to 12:30 p.m.
Session Block G
Founders Hall Multipurpose Room
All SESSIONS (including Graduate Student Sessions) will take place at the George Mason University School of Law
(Founders Hall and Hazel Hall).
The Friday evening reception will take place in the Hazel Hall Atrium at the George Mason University School of Law.
The Saturday keynote luncheon and the Saturday evening reception will take place in the Westin Ballroom at the Westin
Arlington Gateway.
Shuttle service will be available throughout the conference to provide transportation between the Westin and George
Mason University School of Law. (It is approximately 1 mile from GMU to the Westin.)
The shuttle schedule is on the back cover of this program. 7 Summary of Sessions
Session Block A (Graduate Student Sessions)
Friday, March 16
5:00 p.m. -6:30 p.m.
Title
ID
Location
Session Block C
Saturday, March 17
A1
67 Rising Star: Banking
Founders 111
A2
68 Rising Star: Demand
Founders 120
A3
69 Rising Star: Entry and Exit
Founders 121
A4
70 Rising Star: Health
Founders 209
C1
A5
71 Rising Star: Information
Founders 210
C2
A6
72 Rising Star: Media
Founders 318
A7
73 Rising Star: Online Markets
Founders 320
A8
74 Rising Star: Plant Level Data
Founders 466
A9
76 Rising Star: Transportation
Founders 479
A10 77 Rising Star: Two-Sided Markets
Session Block B
Saturday, March 17
ID
B1
B2
B3
2
Quality Disclosure: Determinants
and Effects
11 Foreign entry modes
Patenting Behavior and
16
Implications
Location
Founders 308
Hazel 121
18
Pharmaceuticals: Structure and
Conduct
Founders 313
B5
22 Determinants of Firm Productivity
Founders 479
B6
27 Consumer Biasis
Founders 467
B7
B8
B9
B10
29
Electricity Market Restructuring:
Generation and Transmission
Founders 478
36
Empirical Studies of Pricing
Dynamics: Cycles and Leadership
Founders 310
45 Financial Institution Regulation
Founders 466
Organization Structure and
Performance
Founders 111
54
B11 62 Endogenous Mergers
Founders 312
B12 83 Competition Policy and Collusion
Founders 477
B13 86 Theory of Two-Sided Markets
Hazel 224
B14
99
Cartels and Cartel Policy I
(Leniency)
B15 101 Strategic Behavior and Policy
Hazel 224
3
Supply and Demand Estimation
using Firm-Product Data
Founders 477
C4
33 Firm Dynamics
Founders 466
C5
41 Empirical Studies of Pricing
Founders 312
48
Does Vertical Integration Spur
High Tech? Theoretical Answers
Founders 478
C7
59 Unobservable Quality
Founders 468
C8
66 Technology and Information*
Founders 308
C9
78 Cars, Fuel, and Public Transportation Founders 310
81
Load Factors and On-time
Performance
Founders 313
C11
85 Market Power Empirics
Founders 470
C12
91 Media and Two-Sided Markets
Founders 479
C13
98 Auctions: Empirics and Theory
Founders 476
C14
102 Mergers and Merger Policy
Founders 111
105
Chief Economists' Roundtable
Discussion
Hazel Hall 121
*indicates sponsored session
Founders 470
Eastern Daylight Savings Time
Founders 476
8 Environmental Regulation
Founders 467
C10
Founders 468
4
26 IO Experiments
C6
Founders 481
Location
C3
C15
B4
Title
ID
8:15 a.m. – 9:45 a.m.
Title
10:00 a.m. – 12:00 noon
Session Block D
Saturday, March 17
Title
ID
D1
Session Block F
Sunday, March 18
2:30 p.m. – 4:30 p.m.
Location
Title
ID
Location
5
Empirical Analysis of Regulatory
Policy
Hazel 224
6
Formal and Informal Regulation
Founders 477
23
International Interaction and Firm
Outputs
Founders 476
28
Consumer choice and restructuring
of the electricity market
Founders 470
39
Theoretical Models of Pricing and
Price Discrimination
Founders 312
F6
25 Bounded Rationality in Auctions & Markets Founders 318
D6
46
Financial Institution Behavior
Founders 466
F7
40 Competition and Price Discrimination
Founders 467
D7
49
Complex Vertical Contracts
Founders 478
F8
D8
58
Topics in Information I
Founders 467
Studies of Pricing in Imperfectly
42
Competitive Markets
Founders 308
Founders 308
D9
61
Empirical Studies in Information II
Founders 468
F9
51 Empirical Studies of Vertical Contracting
Founders 468
D10
63
Effects of Mergers and Near Mergers Hazel 120
F10
56 Topics in Information III
Founders 317
D11
64
Entrepreneurship*
F11
60 Empirical Studies in Information I
Founders 310
65
Innovation, Patents and Antitrust
Policy*
Founders 111
F12
80 Low Cost Carriers and Dominant Firms
Founders 210
F13
87 Applications of Two-Sided Markets
Founders 470
82
Sources and Effects of Airline
Competition
Founders 310
F14
90 Empirical Analysis of Markets
Founders 313
F15
97 Auction Markets and Multi-Unit Auctions
Founders 312
D2
D3
D4
D5
D12
D13
F1
8:15 a.m. – 10:15 a.m.
F2
F3
F4
F5
Founders 308
D14
93
Topics in Telecom
Founders 479
D15
95
Auction Theory
Founders 313
E1
4:45 p.m. – 6:15 p.m.
Title
ID
Licensing, Imitation, and Economic Growth Founders 475
10
Studies of external effects on domestic
markets, using firm-level data
Founders 209
14
Demand for Health Care, Drugs, and
Insurance
Founders 207
19 Determinants of Innovation 1
21
Pricing and the Effects of Competition in
Innovative Industries
Session Block G
Sunday, March 18
*indicates sponsored session
Session Block E
Saturday, March 17
9
G1
Location
Founders 466
10:30 a.m. – 12:30 p.m.
Title
ID
Founders 320
Location
13
Physician and Hospital Behavior
Founders 210
24
Consumer and Worker Behavior in
Innovative Industries
Founders 466
G3
31
Theoretical Models of Entry
Founders 320
G4
32
Empirical Models of Entry
Founders 310
G5
35
Dynamic Price Discrimination
Founders 308
38
Imperfect Competition and Price
Discrimination
Founders 467
G2
12
Trade and IO
Founders 310
15
Government and the
Pharmaceuticals Market
Founders 312
E3
17
R&D Innovation and Productivity
Founders 470
E4
20
Determinants of Innovation 2
Founders 479
E5
30
Oil Markets and Energy Efficiency
Founders 478
E6
37
Nonlinear Pricing
Founders 313
G7
43
Payment Issues
Founders 313
E7
44
Bank Competition
Founders 466
G8
50
Vertical Foreclosure
Founders 468
E8
47
Financial Market Issues
Founders 467
G9
52
Studies on Organizational Forms
Founders 209
E9
53
Information and Contracts
Founders 111
G10
55
Search and Learning
Founders 317
E10
57
Topics in Information II
Founders 468
G11
84
Founders 308
Sources of Market Power and Market
Performance
Founders 318
79
International Trade and
Transportation
88
Productivity
Founders 207
E12
92
Appropriability and Piracy
Hazel 224
E13
100
Cartels and Cartel Policy II
Founders 477
89
Issues in the Industrial Organization of
Food and Agriculture
Founders 470
E14
103
Antitrust Enforcement
Founders 476
94
Founders 475
E15
104
Bundling and Tying
Hazel 120
Theoretical Advances in Media and
Telecom
96
Econometric Analysis of Auctions
Founders 312
E2
E11
G6
G12
G13
G14
G15
9 Complete List of All Sessions
100 sessions, 354 papers
A1
A2
Session ID 67
Rising Star: Banking
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 111
Session Chair: Richard Schmalensee, MIT
Regulation and the Payday Lending Industry
By Stefanie Ramirez, University of Arizona
Presented by: Stefanie Ramirez, University of Arizona
Discussant: Ron Borzekowski, Federal Reserve Board
The Benefits of ATM (Automatic Teller Machine) Fees in the Retail Banks' ATM Industry:
Competition and Welfare
By Kiyong Jeon, George Washington University
Presented by: Kiyong Jeon, George Washington University
Discussant: Robin Prager, FRB
Banking on Innovation: The Impact of U.S. Bank Deregulation on the Production of
Knowledge
By Justin Ng, Kellogg School of Management
Presented by: Justin Ng, Kellogg School of Management
Discussant: Brent Goldfarb, University of Maryland
Bank market power and short term and long term firm investment
By José Manuel Mansilla-Fernández, University of Granada
Santiago Carbó-Valverde, University of Granada and Federal Reserve Bank of Chicago,
Francisco Rodriguez-Fernandez, University of Granada
Presented by: José Manuel Mansilla-Fernández, University of Granada
Discussant: Robert Feinberg, American University
Session ID 68:
Rising Star: Demand
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 120
Session Chair: James Dana, Northeastern University
Demand-Based Pricing and Learning in the Market For New Digital Music
By Peter Newberry, University of Wisconsin, Madison
Presented by: Peter Newberry, University of Wisconsin, Madison
Discussant: Adam Shapiro, BEA
The Welfare Effects of “Bill Shock” Regulation in Mobile Telecommunication Markets
By Lai Jiang, Stern School Of Business, NYU
Presented by: Lai Jiang, Stern School Of Business, NYU
Discussant: Matthew Osborne, US Department of Commerce
From a Battle of Devices To a War of Platforms: The Impact of App Stores on the Brand
Values of Smartphone Operating Systems
By Yutec Sun, University of Toronto
Presented by: Yutec Sun, University of Toronto
Discussant: John Mayo, Georgetown University
Regulatory Induced Risk Aversion in Contracting Behavior: An Empirical Analysis of U.S
Electric Utilities from 1983-1998
By Akshaya Jha, Stanford University
Presented by: Akshaya Jha, Stanford University
Discussant: Steven Puller, Texas A&M University
10 A3
A4
A5
Session ID 69:
Rising Star: Entry and Exit
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 121
Session Chair: Mark Roberts, Penn State University
Choosing between Order-of-Entry Assumptions in Empirical Entry Models: Evidence from
Competition between Burger King and McDonald’s Restaurant Outlets
By Philip Gayle, Kansas State University; Zijun Luo, Kansas State University
Presented by: Zijun Luo, Kansas State University
Discussant: Mark Manuszak, Federal Reserve Board
Migration and Agglomeration Among Motor Vehicle Parts Suppliers
By Brian Adams, University of Minnesota
Presented by: Brian Adams, University of Minnesota
Discussant: Zhu Wang, Federal Reserve Bank of Richmond
Investments in Response to Trade Policy: The Case of Japanese Firms during Voluntary
Export Restraints
By hyo-youn Chu, Boston University
Presented by: hyo-youn Chu, Boston University
Discussant: Hiau Looi Kee, The World Bank
Session ID 70:
Rising Star: Health
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 209
Session Chair: Ginger Jin, University of Maryland at College Park
The Role of Learning-by-Doing in Healthcare Quality: Evidence from Liver Transplantation
By Sarah Stith, University of Michigan
Presented by: Sarah Stith, University of Michigan
Discussant: Wallace Mullin, George Washington University
An Empirical Analysis of Mergers Between Nonprofit and For-Profit Firms: An Application in
the Hospital Industry
By Elena Patel, University of Michigan
Presented by: Elena Patel, University of Michigan
Discussant: Teresa Harrison, Drexel University
Product Reformulation and Advertising Abeyance: An Assessment of Voluntary Marketing
Initiatives Aimed at Reducing Childhood Obesity
By Chen Zhu, University of Connecticut; Rui Huang, University of Connecticut;
Michael Cohen, New York University
Presented by: Chen Zhu, University of Connecticut
Discussant: Christian Rojas, University of Massachusetts-Amherst
Session ID 71:
Rising Star: Information
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 210
Session Chair: Christopher Snyder, Dartmouth College
Who is Misleading Whom in Real Estate Transactions?
By Jia Xie, Indiana University
Presented by: Jia Xie, Indiana University
Discussant: Paul Carrillo, George Washington University
Does good advice come cheap? - On the assessment of risk preferences of others
By Andrea Leuermann, Heidelberg University; Benjamin Roth, Heidelberg University
Presented by: Benjamin Roth, Heidelberg University
Discussant: Marco Castillo, George Mason University
The Effect of Free Access on the Diffusion of Scholarly Ideas
By Heekyung Kim, MIT
Presented by: Heekyung Kim, MIT
Discussant: Michael Ward, University of Texas at Arlington
11 A6
A7
A8
Session ID 72:
Rising Star: Media
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 318
Session Chair: Francine Lafontaine, University of Michigan
Exclusive Dealing and Its Effects: The Impact of Large Music Festivals on Local Music
Venues
By Scott Hiller, University of Colorado - Boulder
Presented by: Scott Hiller, University of Colorado - Boulder
Discussant: Charles Thomas, Clemson University
Competitive Effects of Barriers to Entry: Evidence from Cable TV Regulation
By Sutirtha Bagchi, University of Michigan; Jagadeesh Sivadasan, University of Michigan
Presented by: Sutirtha Bagchi, University of Michigan, Ann Arbor
Discussant: Lisa George, Hunter College, CUNY
Vertical Restraints in the Movie Exhibition Industry
By Krzysztof Wozniak, NYU Stern
Presented by: Krzysztof Wozniak, NYU Stern
Discussant: Joshua Wright, George Mason University
Session ID 73:
Rising Star: Online Markets
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 320
Session Chair: Nicholas Economides, New York University
Effect of Temporal Spacing between Advertising Exposures: Evidence from an Online Field
Experiment
By Navdeep Sahni, University of Chicago
Presented by: Navdeep Sahni, University of Chicago
Discussant: Henry Schneider, Cornell University
Internet’s Dirty Secret: Assessing the Impact of Technology Shocks on the Outbreaks of
Sexually Transmitted Diseases
By Jason Chan, New York University; Anindya Ghose, New York University
Presented by: Jason Chan, New York University
Discussant: Shane Greenstein, Northwestern University
Unobserved Risk Type and Sorting: Signaling Game in Online Credit Markets
By Kei Kawai, New York University Stern School of Business; Ken Onishi, Northwestern University;
Kosuke Uetake, Northwestern University
Presented by: Kosuke Uetake, Northwestern University
Discussant: Jeffrey Prince, Kelley School of Business, Indiana Unive
How Does Online Word-of-Mouth Influence Movie Revenue? Evidence from Twitter
By YuHsi Liu, Suffolk University
Presented by: YuHsi Liu, Suffolk University
Discussant: Michael Luca, Harvard Business School
Session ID 74:
Rising Star: Plant Level Data
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 466
Session Chair: Ron Jarmin, U.S. Bureau of the Census
Entry Costs and Increasing Trade
By William Lincoln, University of Michigan; Andrew McCallum, University of Michigan
Presented by: Andrew McCallum, University of Michigan
Discussant: David Brown, Census
Globalization and Vertical Structure: An Empirical Investigation
By Stefan Buehler, University of St. Gallen; Dirk Burghardt, University of St. Gallen
Presented by: Dirk Burghardt, University of St. Gallen
Discussant: John Stevens, Federal Reserve Board
12 Materials Prices and Productivity
By Enghin Atalay, University of Chicago
Presented by: Enghin Atalay, University of Chicago
Discussant: Kirk White, USDA
A9
A10
B1
Session ID 76:
Rising Star: Transportation
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 479
Session Chair: John Kwoka, Northeastern University
Horizontal Subcontracting in Procurement Auctions
By Nancy Huff, Clemson University
Presented by: Nancy Huff, Clemson University
Discussant: Georgia Kosmopoulou, University of Oklahoma
Environmental Policies and Consumer Preferences: Lessons from the French Automobile
Market
By Xavier D'Haultfoeuille, CREST; Isis Durrmeyer, CREST-Paris I University; Philippe Fevrier,
Crest-Lei
Presented by: Isis Durrmeyer, CREST-Paris I University
Discussant: Joshua Linn, Fellow, Resources for the Future
The Welfare Effects of Post-Auction Bargaining: Evidence from Wholesale Auto Auctions
By Bradley Larsen, MIT
Presented by: Bradley Larsen, MIT
Discussant: Ian Gale, Georgetown University
Session ID 77:
Rising Star: Two-Sided Markets
Friday, March 16
5:00 p.m. - 6:30 p.m.
Founders 481
Session Chair: Joseph Farrell, University of California, Berkeley
Session ID 2:
Quality Disclosure: Determinants and Effects
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 468
Session Chair: Subramaniam Ramanarayanan, UCLA
News Aggregators and Competition Among Newspapers in the Internet
By Doh-Shin Jeon, Universite Toulouse 1 Capitole
Nikrooz Nasr Esfahani, Toulouse School of Economics
Presented by: Nikrooz Nasr Esfahani, Toulouse School of Economics
Discussant: Kenneth Corts, University of Toronto
Search Advertising
By Alexandre de Corniere, Paris School of Economics
Presented by: Alexandre de Corniere, Paris School of Economics
Discussant: Thomas Jeitschko, US Department of Justice and Michigan St
Unified Two-sided Market Model
By Iana Kouris, RWTH Aachen
Presented by: Iana Kouris, RWTH Aachen
Discussant: Patrick DeGraba, Federal Trade Commission
What makes a critic tick? Connected authors and the determinants of book reviews
By Michael Luca, Harvard Business School; Alberto Motta, University of New South Wales; Loretti
Dobrescu, School of Economics
Presented by: Michael Luca, Harvard Business School
Discussant: Margarita Sapozhnikov, Keystone Strategy
13 Gaming in Air Pollution Data? Lessons from China
By Yuyu Chen, Peking University; Naresh Kumar, University of Miami; Ginger Jin, University of
Maryland at College Park; Guang Shi, Peking University
Presented by: Ginger Jin, University of Maryland at College Park
Discussant: Mingfeng Lin, University of Arizona
Reputation and Firm Performance: Evidence from the Dialysis Industry
By Subramaniam Ramanarayanan, UCLA, Jason Snyder, UCLA
Presented by: Subramaniam Ramanarayanan, UCLA
Discussant: Thomas Koch, Federal Trade Commission
B2
Session ID 11:
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 308
B3
B4
Foreign Entry Modes
Session Chair: Benjamin Bridgman, Bureau of Economic Analysis
Market Entry Costs: Evidence from Motion Picture Exports
By Benjamin Bridgman, Bureau of Economic Analysis
Presented by: Benjamin Bridgman, Bureau of Economic Analysis
Discussant: Stefan Buehler, University of St. Gallen
Determinants of Cross Border Merger Premiums
By Ralph Sonenshine, American University; Kara Reynolds, American University
Presented by: Ralph Sonenshine, American University
Discussant: Xiaoyong Zheng, North Carolina State University
Estimating Foreign Affiliate Activity in European Countries
By Tani Fukui, USITC
Presented by: Tani Fukui, USITC
Discussant: Benjamin Bridgman, Bureau of Economic Analysis
Session ID 16:
Patenting Behavior and Implications
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Hazel 121
Session Chair: Dirk Czarnitzki, K.U.Leuven
Session ID 18:
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 313
The Propensity to Patent In Light of the Research Use Exemption
By Diana Heger, ZEW Mannheim; Alexandra Zaby, University of Tuebingen
Presented by: Diana Heger, ZEW Mannheim
Discussant: Giuseppe Di Vita, Faculty of Law
Patent Races and Market Value
By Dirk Czarnitzki, K.U.Leuven; Katrin Hussinger, KU Leuven; Bart Leten, Katholieke Universiteit
Leuven; Cedríc Schneider
Presented by: Dirk Czarnitzki, K.U.Leuven
Discussant: Mahmut Yasar, The University of Texas, Arlington, and Emory University
Effects of Academic R&D Funding Sources on University Patenting
By Margaret Blume-Kohout, University of New Mexico; Jared Grant, University of New Mexico;
Krishna Kumar,RAND; Neeraj Sood, University of Southern California
Presented by: Margaret Blume-Kohout, University of New Mexico
Discussant: James Campbell, University of Toronto
Pharmaceuticals: Structure and Conduct
Session Chair: Teresa Harrison, Drexel University
Pharmaceutical Prices under Regulation: Co-Payment Exemptions and Reference Prices in
Germany
By Moritz Suppliet, DICE, Heinrich-Heine-Universität Düsseldorf; Annika Herr, DICE,
Presented by: Moritz Suppliet, DICE, Heinrich-Heine-Universität
Discussant: Christopher Garmon, Federal Trade Commission
14 The Effects of Entry in Biologic Pharmaceutical Markets
By Christopher Garmon, Federal Trade Commission; Lee Hu, PriceWaterhouseCoopers
Presented by: Christopher Garmon, Federal Trade Commission
Discussant: Tannista Banerjee, Auburn University
The Strategic Interplay between Direct to Consumer Advertising and Direct to Physician
Advertising in the Pharmaceutical Industry
By Tannista Banerjee, Auburn University; John Barron, Purdue University
Francis Deane, Lumleian
Presented by: Tannista Banerjee, Auburn University
Discussant: Moritz Suppliet, DICE, Heinrich-Heine-Universität
B5
B6
B7
Session ID 22:
Determinants of Firm Productivity
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 479
Session Chair: Spyros Arvanitis, KOF Swiss Economic Institute
Evidence on the Impact of R&D and ICT Investment on Innovation and Productivity in Italian
Firms
By Francesca Lotti, Bank of Italy
Presented by: Francesca Lotti, Bank of Italy
Discussant: Spyros Arvanitis, KOF Swiss Economic Institute
The Productivity of Environmental Innovations
By Martin Woerter, ETH Zurich; Tobias Stucki, ETH Zurich
Presented by: Martin Woerter, ETH Zurich
Discussant: Emin Dinlersoz, U.S. Census Bureau
Outsourcing and Firm Performance – A Comparative Study of Swiss and Greek Firms
By Spyros Arvanitis, KOF Swiss Economic Institute
Presented by: Spyros Arvanitis, KOF Swiss Economic Institute
Discussant: Kirk White, USDA
Session ID 27:
Consumer Biasis
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 467
Session Chair: Chris Wilson, Loughborough University
Consumer Unawareness and Competitive Strategies
By Zhen Liu, University at Buffalo; Chun Qiu, McGill University
Presented by: Zhen Liu, University at Buffalo
Discussant: Chris Wilson, Loughborough University
Asymmetric Search and Loss Aversion: Choice Experiment on Consumer Willingness to
Search in the Gasoline Retail Market
By Carolina Castilla, Colgate University
Presented by: Carolina Castilla, Colgate University
Discussant: Zhen Liu, University at Buffalo
Being in the Right Place: A Natural Field Experiment on List Position and Consumer Choice
By Marco Novarese, Piemonte Oientale University; Chris Wilson, Loughborough University
Presented by: Chris Wilson, Loughborough University
Discussant: Carolina Castilla, Colgate University
Session ID 29:
Electricity Market Restructuring: Generation and Transmission
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 478
Session Chair: Timothy Brennan, University of Maryland, Baltimore
15 Competition in the Solar Industry and the time to Grid Parity
By Unnikrishnan Pillai, SUNY Albany
Presented by: Unnikrishnan Pillai, SUNY Albany
Discussant: Marcella Nicolini, Fondazione Eni Enrico Mattei
Designing Energy Regulatory Policies: The European Options
By Aude Le Lannier, IAE, University Paris I
Presented by: Anissa Boulemia, IAE de Paris
Discussant: Timothy Brennan, University of Maryland Baltimore
Impacts of Electricity Restructuring on Coal-fired Power Plants
By Ron Chan, University of Maryland; Harrison Fell, Colorado School of Mines; Ian Lange,
University of Stirling; Shanjun Li, Cornell University
Presented by: Shanjun Li, Cornell University
Discussant: Matthew Chesnes, Federal Trade Commission
B8
B9
Session ID 36:
Empirical Studies of Pricing Dynamics: Cycles and Leadership
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 310
Session Chair: Matthew Lewis, OSU
Session ID 45:
Financial Institution Regulation
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 466
Session Chair: Marc Fusaro, Arkansas Tech University
Local Market Structure and Within-City Heterogeneity in Retail Gasoline Price Cycles
By David Byrne, University of Melbourne
Presented by: David Byrne, University of Melbourne
Discussant: Matthew Lewis, OSU
Identifying and Characterizing Price Leadership in British Supermarkets
By Jonathan Seaton, Loughborough University; Michael Waterson, University of Warwick
Presented by: Michael Waterson, University of Warwick
Discussant: Stephan Seiler, Stanford GSB
Edgeworth Price Cycles and Market Structure
By Paul Healy, OSU; Matthew Lewis, OSU; Ryan Oprea, UC-Santa Cruz
Presented by: Matthew Lewis, OSU
Discussant: Jihui Chen, Illinois State University
The Effects of Bank Regulator Switching on Supervisory Ratings
By Marcelo Rezende, Federal Reserve Board
Presented by: Marcelo Rezende, Federal Reserve Board
Discussant: Tobias Wenzel, Universität Düsseldorf
What Do They Actually Pay? A Basis for Regulation in the Payday Lending Industry
By Marc Fusaro, Arkansas Tech University
Presented by: Marc Fusaro, Arkansas Tech University
Discussant: Marcelo Rezende, Federal Reserve Board
Strategic Obfuscation and Consumer Protection Policy in Financial Markets: Theory and
Experimental Evidence
By Yiquan Gu, University of Liverpool
Tobias Wenzel, Universität Düsseldorf
Presented by: Tobias Wenzel, Universität Düsseldorf
Discussant: Marc Fusaro, Arkansas Tech University
16 B10
B11
B12
Session ID 54:
Organization Structure and Performance
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 111
Session Chair: Andrew Wait, University of Sydney
Session ID 62:
Endogenous Mergers
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 312
Session Chair: Beatrice Pagel, HHU Duesseldorf
Session ID 83:
Competition Policy and Collusion
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 477
Session Chair: Thomas Peeters, University of Antwerp
Use Your Skills: The Allocation of Decision Rights and Firm Performance
By Andrew Wait, University of Sydney; Jack Wright, New South Wales Treasury
Presented by: Andrew Wait, University of Sydney
Discussant: Simon Loertscher, University of Melbourne
Contracting Officer Workload, Incomplete Contracting, and Contractual Terms: Theory and
Evidence
By Patrick Warren, Clemson University
Presented by: Patrick Warren, Clemson University
Discussant: Simone Meraglia, Toulouse School of Economics, NYU (visiting)
Competition in the Provision of Property Rights Enforcement
By Simone Meraglia, Toulouse School of Economics and New York University
Charles Angelucci, Toulouse School of Economics
Presented by: Simone Meraglia, Toulouse School of Economics
Discussant: Jin-Hyuk Kim, University of Colorado at Boulder
Endogenous Merger Waves in Vertically Related Industries
By Zhiyong Yao, Fudan University, School of Management; Wen Zhou, University of Hong Kong
Presented by: Zhiyong Yao, Fudan University, School of Management
Discussant: Beatrice Pagel, HHU Duesseldorf
Multi-Firm Mergers with Leaders and Followers
By Gamal Atallah, University of Ottawa
Presented by: Gamal Atallah, University of Ottawa
Discussant: Manuel Willington, ILADES - Universidad Alberto Hurtado
Endogenous Mergers between Heterogeneous Firms in Unionized Oligopoly
By Beatrice Pagel, HHU Duesseldorf; Christian Wey, University Düsseldorf
Presented by: Beatrice Pagel, HHU Duesseldorf
Discussant: Gamal Atallah, University of Ottawa
Leniency Program for Cartel Participants: The Russian Case
By Andrey Shastitko, Bureau of Economic Analysis Foundation
Presented by: Andrey Shastitko, Bureau of Economic Analysis Foundation
Discussant: Igor Muraviev, Higher School of Economics and ICEF
Efficient Gate Revenue Sharing in Sports Leagues
By Thomas Peeters, University of Antwerp
Presented by: Thomas Peeters, University of Antwerp
Discussant: Andrey Shastitko, Bureau of Economic Analysis Foundation
Overt Collusion under Competition Enforcement
By Igor Muraviev, Higher School of Economics and ICEF
Presented by: Igor Muraviev, Higher School of Economics and ICEF
Discussant: Thomas Peeters, University of Antwerp
17 B13
B14
B15
Session ID 86:
Theory of Two-Sided Markets
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Hazel 224
Session Chair: Nicholas Economides, New York University
Session ID 99:
Session ID 99: Cartels and Cartel Policy I (Leniency)
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 470
Session Chair: Iwan Bos, Maastricht University
Session ID 101:
Strategic Behavior and Policy
Saturday, March 17
8:15 a.m. - 9:45 a.m.
Founders 476
Session Chair: Russell Pittman, Economic Analysis Group
Optimal capacity sharing of a two-sided monopoly platform: the case of a trade fair
By Khaïreddine Jebsi; LAMIDED, Faculty of Economics and Management Sciences of Sousse;
Chokri Aloui; LAMIDED, Faculty of Economics and Management sciences of Sousse Presented
by: Chokri Aloui, LAMIDED, Faculty of Economics and Management Sciences of Sousse,
Tunisia
Discussant: Nicholas Economides, New York University
Multidimensional Product Design
By Andre Veiga; TSE
E. Weyl; University of Chicago
Presented by: Andre Veiga, Toulouse
Discussant: Andrei Hagiu, Harvard Business School
The Economics of Network Neutrality
By Nicholas Economides; New York University
Presented by: Nicholas Economides, New York University
Discussant: Nirav Mehta, University of Western Ontario
Evaluating Leniency and Modeling Cartel Durations: Time-Varying Policy Impacts and
Sample Selection
By Jun Zhou; Wirtschaftspolitische Abteilung, Bonn University and TILEC, Tilburg University
Presented by: Jun Zhou, Wirtschaftspolitische Abteilung
Discussant: Iwan Bos, Maastricht University
Cartel Ringleaders and the Corporate Leniency Program
By Iwan Bos; Maastricht University
Frederick Wandschneider; School of Economics and ESRC Centre for Competition Policy,
University of East Anglia
Presented by: Iwan Bos, Maastricht University
Discussant: Jun Zhou, Wirtschaftspolitische Abteilung
Loss Leading as an Exploitative Practice
By Zhijun Chen, University of Auckland; Patrick Rey, Toulouse School of Economics
Presented by: Zhijun Chen, University of Auckland
Discussant: Anastasiya Redkina, Higher School of Economics
Gauging Parallel Accommodating Conduct Concerns with the CPPI
By Serge Moresi; David Reitman, CRA; Steven Salop, Georgetown University; Yianis Sarafidis,
CRA International
Presented by: David Reitman, CRA
Discussant: Jeroen Hinloopen, University of Amsterdam
Abuse of Collective Dominance under the Competition Law of the Russian Federation
By Svetlana Avdasheva, Higher School of Economics National Research University; Nadezhda
Goreyko, Higher School of Economics; Russell Pittman, Economic Analysis Group
Presented by: Russell Pittman, Economic Analysis Group
Discussant: Catherine Waddams, University of East Anglia
18 C1
C2
C3
Session ID 4:
Environmental Regulation
Saturday, March 17
10:00 a.m. - 12 noon
Hazel 224
Session Chair: Stephen Finger, Moore School of Business, University of South Carolina
Complements or Substitutes: Impact of Environmental Regulations on Workplace
Exposures to Toxic Chemicals
By Stephen Finger, University of South Carolina
Presented by: Stephen Finger, University of South Carolina
Discussant: Renata Narita, World Bank/UCL
Environmental Regulation in Oligopoly: On the licensing and diffusion of clean technology
By Idrissa Sibailly, Ecole Polytechnique and CREST-LEI
Presented by: Idrissa Sibailly, Ecole Polytechnique and CREST-LEI
Discussant: Peter Grajzl, Washington and Lee University
Environmental Protection Agencies: Measuring the Welfare Benefits from Regulation under
Different Information Contexts
By Ana Espinola-Arredondo, Washington State University; Felix Munoz-Garcia, Washington State
University
Presented by: Ana Espinola-Arredondo, Washington State University
Discussant: Anthony Heyes, University of Ottawa
Session ID 3:
Supply and Demand Estimation using Firm-Product Data
Saturday, March 17
10:00 a.m. - 12 noon
Founders 477
Session Chair: Frederic Warzynski, Aarhus School of Business
Session ID 26:
Saturday, March 17
10:00 a.m. - 12 noon
Founders 467
Prices, Markups and Quality at the Firm-Product Level
By Emmanuel Dhyne, National Bank of Belgium, Amil Petrin, University of Minnesota; Frederic
Warzynski, Aarhus School of Business
Presented by: Frederic Warzynski, Aarhus School of Business
Discussant: Masakazu Ishihara, New York University
Demand, Cost, and Profitability across Chinese Exporting Firms
By Mark Roberts, Penn State University
Daniel Yi Xu, Department of Economics
Presented by: Mark Roberts, Penn State University
Discussant: Tatiana Farina, Insper - Institute of Education and Research
Firm Performance and Trade Reforms
By Jan De Loecker, Princeton University
Presented by: Jan De Loecker, Princeton University
Discussant: David Rivers, University of Western Ontario
Demand in the Wake of an Emerging Middle Class and Low-End Entry
By Alon Eizenberg, The Hebrew University of Jerusalem; Alberto Salvo, Northwestern University
Presented by: Alon Eizenberg, The Hebrew University of Jerusalem
Discussant: Paul Grieco, The Pennsylvania State University
IO Experiments
Session Chair: Holger Rau, DICE
Output commitment through product bundling: experimental evidence
By Jeroen Hinloopen, University of Amsterdam
Presented by: Jeroen Hinloopen, University of Amsterdam
Discussant: Holger Rau, DICE
19 Bertrand competition with asymmetric costs: Experimental evidence
By Jan Boone, Tilburg University
Maria Larrain-Aylwin, Tilburg University
Wieland Mueller, University of Vienna
Amrita Ray Chaudhuri, University of Winnipeg
Presented by: Amrita Ray Chaudhuri, University of Winnipeg
Discussant: Jeroen Hinloopen, University of Amsterdam
Leniency Programs and the Design of Antitrust: Experimental Evidence with Unrestricted
Communication
By Peter Dijkstra, University of Groningen; Marco Haan, University of Groningen; Lambert
Schoonbeek, University of Groningen
Presented by: Lambert Schoonbeek, University of Groningen
Discussant: Amrita Ray Chaudhuri, University of Winnipeg
Rebels without a clue? Experimental Evidence on Endogenous Cartels and Outside Firms
By Holger Rau, DICE; Georg Clemens, DICE-University of Duesseldorf
Presented by: Holger Rau, DICE
Discussant: Lambert Schoonbeek, University of Groningen
C4
C5
Session ID 33:
Firm Dynamics
Saturday, March 17
10:00 a.m. - 12 noon
Founders 466
Session Chair: James Prieger, Pepperdine University
Session ID 41:
Saturday, March 17
10:00 a.m. - 12 noon
Founders 312
Product Switching and Industry Evolution
By Hsiao-shan Yang, University of Illinois at Urbana-Champaign
Presented by: Hsiao-shan Yang, University of Illinois, Urbana-Champaign
Discussant: Mian Dai, Economics and International Business, Le
Entry Thresholds and Competitive Behavior among Nonprofit Firms
By Teresa Harrison, Drexel University; Jeremy Thornton, Samford University
Presented by: Teresa Harrison, Drexel University
Discussant: Matilda Orth, Research Institute of Industrial Economics (IFN)
Entry and Exit in the US Broadband Market
By James Prieger, Pepperdine University; Michelle Connolly, Duke University
Presented by: James Prieger, Pepperdine University
Discussant: Martin Falk, Austrian Institute of Economic Research
A Survival Analysis of Ski Lift Companies
By Martin Falk, Austrian Institute of Economic Research
Presented by: Martin Falk, Austrian Institute of Economic Research
Discussant: Teresa Harrison, Drexel University
Empirical Studies of Pricing
Session Chair: Alfred Lehar, University of Calgary
How consumers use gift certificates
By Flóra Felsö, Delft University of Technology; Adriaan Soetevent, University of Amsterdam
Presented by: Adriaan Soetevent, University of Amsterdam
Discussant: Alfred Lehar, University of Calgary
Assessing the Performance of Simple Contracts Empirically: The Case of Percentage Fees
By Andras Niedermayer, University of Mannheim
Presented by: Andras Niedermayer, University of Mannheim
Discussant: Juan Santalo, IE Business School
20 Estimating Price Discrimination in the Online Distribution Channel
By Babur De los Santos, Indiana University; Renata Kosova, Cornell University; Sergei Koulayev,
Keystone Strategy
Presented by: Sergei Koulayev, Keystone Strategy
Discussant: Chen Feng Ng, California State University Long Beach
Price Promotion at an Online Two-sided Market - Evidence from eBay
By Wen Cao, The Chinese University of Hong Kong
Presented by: Wen Cao, The Chinese University of Hong Kong
Discussant: Andre Trindade, Bates White
C6
C7
Session ID 48:
Does Vertical Integration Spur High Tech? Theoretical Answers
Saturday, March 17
10:00 a.m. - 12 noon
Founders 478
Session Chair: Dongsoo Shin, Santa Clara University
Session ID 59:
Saturday, March 17
10:00 a.m. - 12 noon
Founders 468
Equilibrium Innovation Ecosystems: The Dark Side of Collaborating with Complementors
By Andrea Mantovani, University of Bologna
Presented by: Andrea Mantovani, University of Bologna
Discussant: Dongsoo Shin, Santa Clara University
R&D Strategy and Waste in Vertical Contracting
By Martin Peitz, University of Mannheim
Dongsoo Shin, Santa Clara University
Presented by: Dongsoo Shin, Santa Clara University
Discussant: Yang-Ming Chang, Kansas State University
The Browser Wars: Tying, Market Competition, and Welfare Implications for the Microsoft
Antitrust Cases
By Yang-Ming Chang, Kansas State University; Hung-Yi Chen, Soochow University
Presented by: Yang-Ming Chang, Kansas State University
Discussant: Benjamin Anderson, Colgate University
Vertical Differentiation, R&D, and Strategic Alliances: Modeling Endogenous Market
Structure with Heterogenous Firms
By Benjamin Anderson, Colgate University
Presented by: Benjamin Anderson, Colgate University
Discussant: Andrea Mantovani, University of Bologna
Unobservable Quality
Session Chair: Wanda Mimra, ETH Zurich
Market Transparency, Search and Quality
By Jeanine Miklos-Thal, University of Rochester; Michael Raith, University of Rochester
Presented by: Michael Raith, University of Rochester
Discussant: Marco Haan, University of Groningen
Exporting Under Asymmetric Information: Entry and Moral Hazard
By Anthony Creane, Michigan State University; Thomas Jeitschko, US Department of Justice and
Michigan State
Presented by: Anthony Creane, Michigan State University
Discussant: Matthew Osborne, US Department of Commerce
Competition, Disclosure and Signaling.
By Maarten Janssen, University of Vienna; Santanu Roy, Southern Methodist University
Presented by: Santanu Roy, Southern Methodist University
Discussant: Makoto Hanazono, Nagoya University
Ignorance Is Bliss? Uncertainty About Product Valuation May Benefit Consumers
By Tarcisio da Graca, Canadian Competition Bureau; Robert Masson, Cornell University
Presented by: Tarcisio da Graca, Canadian Competition Bureau
Discussant: Andreas Hefti, University of Zurich
21 C8
Session ID 66:
Saturday, March 17
10:00 a.m. - 12 noon
Founders 308
Technology and Information
The Industrial Organization Society is grateful to the Microsoft Corporation for sponsoring this
special session on "Technology and Information." While Microsoft chose the topic for the session, all
the papers in this special session, as well as the discussants and chair, have been selected in total
independence by the conference program committee. Session Chair: Shane Greenstein, Northwestern University
How Does the Use of Trademarks by Third-Party Sellers Affect Online Search?
By Lesley Chiou, Occidental College; Catherine Tucker, MIT Sloan
Presented by: Lesley Chiou, Occidental College
Discussant: Susan Lu, University of Rochester
Bricks, Clicks, Blockbusters, and Long Tails: How Video Rental Patterns Change as
Consumers Move Online
By Michael Smith, Carnegie Mellon University; Alejandro Zentner, Carnegie Mellon University
Presented by: Alejandro Zentner, Carnegie Mellon University
Discussant: Jennifer Brown, Kellogg School of Management
How Does Page Rank Affect User Choice in Online Search?
By Margarita Sapozhnikov, Keystone Strategy
Presented by: Margarita Sapozhnikov, Keystone Strategy
Discussant: Matthew Lewis, OSU
Targeting Informative Messages to a Network of Consumers
By James Campbell, University of Toronto
Presented by: James Campbell, University of Toronto
Discussant: Nicholas Economides, New York University
C9
Session ID 78:
Cars, Fuel, and Public Transportation
Saturday, March 17
10:00 a.m. - 12 noon
Founders 310
Session Chair: Kenneth Boyer, Michigan State University
Flex Cars and Competition in Ethanol and Gasoline Retail Markets
By Joao Paulo Pessoa, LSE/CEP; Leonardo Rezende, Pontifical Catholic University of Rio de
Janeiro; Juliano Assuncao, Pontifical Catholic University, PUC-Rio
Presented by: Leonardo Rezende, Pontifical Catholic University of Rio de
Discussant: Kenneth Boyer, Michigan State University
Fast and Furious (and Dirty): The Effects of Environmental Policy on the Swedish Car
Market
By Cristian Huse, Stockholm School of Economics
Presented by: Cristian Huse, Stockholm School of Economics
Discussant: Shanjun Li, Cornell University
Public Transportation and Residential Property Premia
By Mati Dubrovinsky, The University of Winnipeg
Presented by: Mati Dubrovinsky, The University of Winnipeg
Discussant: Cristian Huse, Stockholm School of Economics
A Disaggregate Analysis of Demand for Local Bus Service in Great Britain (excluding
London) using the National Travel Survey
By Jozsef Molnar, European Commission; Lars Nesheim, University College London
Presented by: Jozsef Molnar, European Commission
Discussant: Leonardo Rezende, Pontifical Catholic University of Rio de
22 C10
Session ID 81:
Saturday, March 17
10:00 a.m. - 12 noon
Founders 313
C11
C12
Load Factors and On-time Performance
Session Chair: Diego Escobari, The University of Texas - Pan American
The Impact of Passenger Mix and Competition on On-Time Performance in The Airline
Industry
By James Dana, Northeastern University; Daniel Greenfield, Northeastern University
Presented by: Daniel Greenfield, Northeastern University
Discussant: Steven Puller, Texas A&M University
Price Discrimination by Day-of-Week of Purchase: Evidence from the U.S. Airline Industry
By Steven Puller, Texas A&M University; Lisa Taylor, Texas A&M University
Presented by: Steven Puller, Texas A&M University
Discussant: Diego Escobari, The University of Texas - Pan American
Demand Uncertainty and Capacity Utilization in Airlines
By Diego Escobari, The University of Texas - Pan American
Presented by: Diego Escobari, The University of Texas - Pan American
Discussant: Vivek Pai, NERA Economic Consulting
A Price for Delays: Price-Quality Competition in the US Airline Industry
By Volodymyr Bilotkach, Northumbria University; Vivek Pai, NERA Economic Consulting
Presented by: Vivek Pai, NERA Economic Consulting
Discussant: James Dana, Northeastern University
Session ID 85:
Market Power Empirics
Saturday, March 17
10:00 a.m. - 12 noon
Founders 470
Session Chair: Wallace Mullin, George Washington University
Estimating market power with a generalized supply relation: application to an airline
antitrust case
By Alessandro Oliveira, Aeronautics Institute of Technology
Presented by: Alessandro Oliveira, Aeronautics Institute of Technology
Discussant: Richard Sicotte, University of Vermont
Cartel Organization, Price Discrimination and the Trans-Atlantic Passage, 1899-1911
By George Deltas, University of Illinois; Richard Sicotte, University of Vermont
Presented by: Richard Sicotte, University of Vermont
Discussant: Alessandro Oliveira, Aeronautics Institute of Technology
The Impact of Cartelization on Pricing Dynamics - Evidence from the German Cement
Industry
By Tobias Veith, ZEW Centre for European Economic Research; Kai Hueschelrath, Centre for
European Economic Research (ZEW)
Presented by: Kai Hueschelrath, (ZEW)
Discussant: Wallace Mullin, George Washington University
Price Volatility and Contract Maturity: Evidence from an Online Ticket Futures Market
By Jihui Chen, Illinois State University; Xiaoyong Zheng, North Carolina State University
Presented by: Jihui Chen, Illinois State University
Discussant: Michael Waterson, University of Warwick
Session ID 91:
Media and Two-Sided Markets
Saturday, March 17
10:00 a.m. - 12 noon
Founders 479
Session Chair: Lisa George, Hunter College, CUNY
Video Game Niches: Specialization, Substitutability and Strategy
By Benjamin Engelstätter, Centre for European Economic Research; Michael Ward, University of
Texas at Arlington
Presented by: Michael Ward, University of Texas at Arlington
Discussant: Senay Sokullu, University of Bristol
23 Advertise or Not to Advertise
By Senay Sokullu, University of Bristol
Presented by: Senay Sokullu, University of Bristol
Discussant: Michael Ward, University of Texas at Arlington
The Market for Diversity in Local Television News
By Lisa George, Hunter College, CUNY
Presented by: Lisa George, Hunter College, CUNY
Discussant: Lapo Filistrucchi, Tilburg University
Banning Ads From Public TV: Lessons From France
By Lapo Filistrucchi, Tilburg University; Luigi Luini, University of Siena; Andrea Mangani, University
of Pisa
Presented by: Lapo Filistrucchi, Tilburg University
Discussant: Lisa George, Hunter College, CUNY
C13
C14
Session ID 98:
Auctions: Empirics and Theory
Saturday, March 17
10:00 a.m. - 12 noon
Founders 476
Session Chair: Robert Zeithammer, University of California in Los Angeles
On the Distributional Impact of Price Adjustment Policies: Bidding Patterns and Survival in
the Market
By Georgia Kosmopoulou, University of Oklahoma
Presented by: Georgia Kosmopoulou, University of Oklahoma
Discussant: Scott Gilpatric, University of Tennessee Knoxville
Replacing Sample Trimming with Boundary Correction in Nonparametric Estimation of
First-Price Auctions
By Brent Hickman, University of Chicago; Timothy Hubbard, Texas Tech University
Presented by: Brent Hickman, University of Chicago
Discussant: Florian Englmaier, University of Konstanz
Motivating Effort Prior to Bidding in Auctions
By Scott Gilpatric, University of Tennessee Knoxville
Presented by: Scott Gilpatric, University of Tennessee Knoxville
Discussant: Marcelo Rezende, Federal Reserve Board
Strategic Exclusion of the Highest-Valued Bidders in Wholesale Automobile Auctions
By Robert Hammond, North Carolina State University; Thayer Morrill, North Carolina State
University
Presented by: Thayer Morrill, North Carolina State University
Discussant: Georgia Kosmopoulou, University of Oklahoma
Session ID 102:
Mergers and Merger Policy
Saturday, March 17
10:00 a.m. - 12 noon
Founders 111
Session Chair: Gloria Sheu, US Department of Justice
Ex-Post Merger Review and Divestitures
By Richard Friberg, Stockholm School of Economics; Andre Romahn, Stockholm School of
Economics
Presented by: Andre Romahn, Stockholm School of Economics
Discussant: Sencer Ecer, Istanbul Technical University
Approximating the Price Effects of Mergers
By Nathan Miller, Department of Justice; Marc Remer, United States Department of Justice; Conor
Ryan, Department of Justice; Gloria Sheu, US Department of Justice
Presented by: Gloria Sheu, US Department of Justice
Discussant: Andre Romahn, Stockholm School of Economics
24 Optimal Endogenous Merger Policy with Strategic Product Repositioning
By Sencer Ecer, Istanbul Technical University
Presented by: Sencer Ecer, Istanbul Technical University
Discussant: Gloria Sheu, US Department of Justice
Using Remedies in the Russian Merger Control
By Anastasiya Redkina, Higher School of Economics
Presented by: Anastasiya Redkina, Higher School of Economics
Discussant: Russell Pittman, Economic Analysis Group
C15
D1
D2
Session ID 105:
Chief Economists' Roundtable Discussion
Saturday, March 17
10:00 a.m. - 12 noon
Hazel Hall 121
Session Chair: Lawrence White, New York University
Session ID 5:
Empirical Analysis of Regulatory Policy
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Hazel 224
Session Chair: Stephen Finger, Moore School of Business, University of South Carolina
Session ID 6:
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 477
The View from DGComp
Presented by: Kai-Uwe Kuhn, University of Michigan
The View from the Federal
Presented by: Marius Schwartz, Georgetown University
The View from the Federal Trade Commission
Presented by: Joseph Farrell, University of California, Berkeley
The View from the Department of Justice
Presented by: Robert Majure, US Department of Justice
The Effectiveness of Obesity Taxation
By Wei Xiao, Competition Commission
Presented by: Wei Xiao, Competition Commission
Discussant: Bruce Lyons, University of East Anglia
Time-series econometrics of the German and the US Cash-for-Clunkers Program
By Veit Böckers, University of Duesseldorf, DICE; Ulrich Heimeshoff, University of Duesseldorf;
Andrea Mueller, University of Duesseldorf
Presented by: Andrea Mueller, University of Duesseldorf
Discussant: Stephen Finger, University of South Carolina
Producing Higher Quality Jobs: Exploring Enforcement of Benefits Across Brazilian Cities
By Rita Almeida, World Bank, Pedro Carneiro,UCL; Renata Narita, World Bank/UCL
Presented by: Renata Narita, World Bank/UCL
Discussant: Veit Böckers, University of Duesseldorf, DICE
Formal and Informal Regulation
Session Chair: Scott Masten, University of Michigan
On the Evolution of Collective Enforcement Institutions: Communities and Courts
By Scott Masten, University of Michigan; Jens Prüfer, Tilburg University
Presented by: Scott Masten, University of Michigan
Discussant: Ana Espinola-Arredondo, Washington State University
A Markov Model of Informal Regulation
By Anthony Heyes
Presented by: Anthony Heyes,
Discussant: Axel Gautier, Crepp
25 Equilibrium and Welfare in a Model of Torts with Industry Reputation Effects
By Andrzej Baniak, Central European University; Peter Grajzl, Washington and Lee University
Presented by: Peter Grajzl, Washington and Lee University
Discussant: Scott Masten, University of Michigan
D3
D4
Session ID 23:
International Interaction and Firm Outputs
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 476
Session Chair: Giuseppe Di Vita, University of Catania
Direct and Indirect Exporting and Productivity: Evidence from Firm-Level Data
By Mahmut Yasar, The University of Texas, Arlington, and Emory University
Presented by: Mahmut Yasar, The University of Texas and Emory University
Discussant: Bettina Peters, Centre for European Economic Research
The International Diffusion of Technologies and Pollution Abatement: The Role of the Trips
Agreement
By Giuseppe Di Vita, University of Catania
Presented by: Giuseppe Di Vita, University of Catania
Discussant: Dirk Czarnitzki, K.U.Leuven
Innovation, Employment Growth and Foreign Ownership of Firms
By Bettina Peters, Centre for European Economic Research
Presented by: Bettina Peters, Centre for European Economic Research
Discussant: Giuseppe Di Vita, Faculty of Law
The Trips Agreement and Technological Innovation
By Giuseppe Di Vita, University of Catania
Presented by: Giuseppe Di Vita, University of Catania
Discussant: Diana Heger, ZEW Mannheim
Session ID 28:
Consumer Choice and Restructuring of the Electricity Market
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 470
Session Chair: Anette Boom, Copenhagen Business School
Effective empowerment: empirical estimates of consumer switching behaviour
By Catherine Waddams, University of East Anglia; Catherine Webster, University of East Anglia
Presented by: Catherine Waddams, University of East Anglia
Discussant: Anissa Boulemia, IAE de Paris
Power To Choose: An Analysis of Consumer Behavior in the Texas Retail Electricity Market
By Ali Hortacsu, University of Chicago; Seyed Ali Madanizadeh, University of Chicago; Steven
Puller, Texas A&M University
Presented by: Steven Puller, Texas A&M University
Discussant: Catherine Waddams, University of East Anglia
Real-time Pricing in Power Markets: Who Gains?
By Anette Boom, Copenhagen Business School; Sebastian Schwenen, Copenhagen Business
School
Presented by: Anette Boom, Copenhagen Business School
Discussant: Unnikrishnan Pillai, SUNY Albany
Anticompetitive conduct by Petrobras in auctions of electricity in Brazil
By Eric Brasil, University of Sao Paulo; Elizabeth Farina, Universisty of Sao Paulo
Presented by: Eric Brasil, University of Sao Paulo
Discussant: Shanjun Li, Cornell University
26 D5
Session ID 39:
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 312
D6
D7
Theoretical Models of Pricing and Price Discrimination
Session Chair: Julian Wright, National University of Singapore
Advance Selling in the Presence of Experienced Consumers
By Oksana Loginova, University of Missouri-Columbia; X. Henry Wang, University of MissouriColumbia; Chenhang Zeng, University of Missouri-Columbia
Presented by: Oksana Loginova, University of Missouri-Columbia
Discussant: Evsen Turkay, Vassar College
Sales of perishable goods without consumer heterogeneity or competition: exploring the
consumers' option value
By Alexei Alexandrov, University of Rochester
Presented by: Alexei Alexandrov, University of Rochester
Discussant: Oksana Loginova, University of Missouri-Columbia
The Scalping Game
By Nelson Sa, Vassar College; Evsen Turkay, Vassar College
Presented by: Evsen Turkay, Vassar College
Discussant: Julian Wright, National University of Singapore
Gender-Based Price Discrimination in Matching Markets
By Thomas Tregouet, Université de Cergy-Pontoise
Presented by: Thomas Tregouet, Université de Cergy-Pontoise
Discussant: Alexei Alexandrov, University of Rochester
Session ID 46:
Financial Institution Behavior
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 466
Session Chair: Christopher Snyder, Dartmouth College
Mortgage Origination and the Rise of Securitization: A Theoretical Analysis
By Rohan Pitchford, University of Queensland; Christopher Snyder, Dartmouth College
Presented by: Christopher Snyder, Dartmouth College
Discussant: Jason Allen, Bank of Canada
Adverse or Maybe not-so-Adverse Selection in the Commercial Mortgage-Backed Security
Market
By Sean Chu, Federal Reserve Board of Governors
Presented by: Sean Chu, Federal Reserve Board of Governors
Discussant: Christopher Snyder, Dartmouth College
The Impact of Financial Market Frictions on Firm Size in a Relational Contracting Model
By Florian Englmaier, University of Konstanz; Matthias Fahn, University of Wurzburg
Carmit Segal, University of Zurich
Presented by: Matthias Fahn, University of Wurzburg
Discussant: Sean Chu, Federal Reserve Board of Governors
Efficiency and Bargaining Power in the Interbank Loan Market
By Jason Allen, Bank of Canada
Presented by: Jason Allen, Bank of Canada
Discussant: Matthias Fahn, University of Wurzburg
Session ID 49:
Complex Vertical Contracts
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 478
Session Chair: Joao Montez, London Business School
All-Units Discount under Oligopoly----Partial Foreclosure and Bundling
By Yong Chao, University of Louisville; Guofu Tan, University of Southern California
Presented by: Yong Chao, University of Louisville
Discussant: Joao Montez, London Bussiness School
27 Mitigating Hold-up Through Complementarities and Refundability
By Jenny Hawkins, Oberlin College
Presented by: Jenny Hawkins, Oberlin College
Discussant: Yong Chao, University of Louisville
A Model of Recommended Retail Prices
By Dmitry Lubensky, University of Indiana, Kelley School of Business
Presented by: Dmitry Lubensky, University of Indiana
Discussant: Jenny Hawkins, Oberlin College
Buybacks and opportunism in vertical contracting
By Joao Montez, London Business School
Presented by: Joao Montez, London Business School
Discussant: Dmitry Lubensky, University of Indiana
D8
D9
Session ID 58:
Topics in Information I
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 467
Session Chair: Matthijs Wildenbeest, Indiana University
Attention Competition
By Andreas Hefti, University of Zurich
Presented by: Andreas Hefti, University of Zurich
Discussant: Aditi Sengupta, Auburn University
Information-based Favoritism: Capital Budgeting, Editorial Decision and Job Promotion
By Chun-Hui Miao, University of South Carolina; Jeremy Sandford, University of Kentucky
Presented by: Chun-Hui Miao, University of South Carolina
Discussant: Matthew Osborne, US Department of Commerce
Profitable contract menus in competitive insurance markets with asymmetric information
By Wanda Mimra, ETH Zurich; Achim Wambach, University of Cologne
Presented by: Wanda Mimra, ETH Zurich
Discussant: Santanu Roy, Southern Methodist University
Information Aggregation in Bargaining
By Makoto Hanazono, Nagoya University; Yasutora Watanabe, Northwestern University, Kellogg
School
Presented by: Makoto Hanazono, Nagoya University
Discussant: Matthijs Wildenbeest, Indiana University
Session ID 61:
Empirical Studies in Information II
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 468
Session Chair: Jennifer Brown, Kellogg School of Management
Consumption Decisions in Markets with Limited Accessibility: The Case of Cannabis
By Michelle Sovinsky, University of Zurich; Liana Jacobi, University of Melbourne
Presented by: Michelle Sovinsky, University of Zurich
Discussant: Ginger Jin, University of Maryland at College Park
What Drives Fraud in a Credence Goods Market? - Evidence From a Quasi Field Experiment
By Alexander Rasch, University of Cologne; Christian Waibel, University of Cologne
Presented by: Christian Waibel, University of Cologne
Discussant: Michael Luca, Harvard Business School
Effect of Third-Party Certifications in Online Labor Markets: Evidence from Natural
Experiments
By Mingfeng Lin, University of Arizona
Presented by: Mingfeng Lin, University of Arizona
Discussant: Lesley Chiou, Occidental College
28 Price Dispersion and Consumer Choice in Medigap Insurance Policies
By Haizhen Lin, Indiana University; Matthijs Wildenbeest, Indiana University
Presented by: Haizhen Lin, Indiana University
Discussant: Andrew Ching, University of Toronto
D10
D11
Session ID 63:
Effects of Mergers and Near Mergers
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Hazel 120
Session Chair: Beatrice Pagel, HHU Duesseldorf
Session ID 64:
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 308
Assessing Unilateral Merger Effects in a Two-Sided Market: An Application to the Dutch
Daily Newspaper Market
By Lapo Filistrucchi, Tilburg University; Tobias Klein, Tilburg University; Thomas Michielsen,
Tilburg University
Presented by: Tobias Klein, Tilburg University
Discussant: Zhiyong Yao, Fudan University, School of Management
Economies of Scale and Merger Efficiencies: Empirical Evidence from the Chilean Pension
Funds Market
By Claudio Agostini, Universidad Adolfo Ibañez; Eduardo Saavedra, ILADES, Universidad Alberto
Hurtado; Manuel Willington, ILADES - Universidad Alberto Hurtado
Presented by: Manuel Willington, ILADES - Universidad Alberto Hurtado
Discussant: Caixia Shen, Shanghai University of Finance and Economics
The Effects of Major U.S. Domestic Airline Code Sharing on Costs, Markups and Consumer
Welfare
By Caixia Shen, Shanghai University of Finance and Economics
Presented by: Caixia Shen, Shanghai University of Finance and Economics
Discussant: Tobias Klein, Tilburg University
Can Third-Generation Structure-Performance Regressions Predict the Effects of Mergers?
By Luke Froeb, Vanderbilt
Presented by: Luke Froeb, Vanderbilt
Discussant: Yasutora Watanabe, Northwestern University, Kellogg School
Entrepreneurship
The Industrial Organization Society is grateful to the Ewing Marion Kauffman Foundation for
sponsoring this special session on "Entrepreneurship." While the Kauffman Foundation chose the topic
for the session, all the papers in this special session, as well as the discussants and chair, have been
selected in total independence by the conference program committee.
Session Chair: Francine Lafontaine, University of Michigan
Competitive Venture Capital Seed Investment: A Signaling Perspective
By Jin-Hyuk Kim, University of Colorado at Boulder; Liad Wagman, Illinois Institute of Technology
Presented by: Liad Wagman, Illinois Institute of Technology
Discussant: Michael Raith, University of Rochester
Does entrepreneurs’ human capital exert an imprinting effect on venture performance? An
empirical test on new technology-based firms
By Luca Grilli, Politecnico di Milano; Paul Jensen, University of Melbourne; Samuele Murtinu,
Politecnico di Milano
Presented by: Luca Grilli, Politecnico di Milano
Discussant: Benjamin Balsmeier, K.U. Leuven
Selection and the Role of Small Business Owners in Firm Dynamics
By Benjamin Pugsley, University of Chicago
Presented by: Benjamin Pugsley, University of Chicago
Discussant: Jagadeesh Sivadasan, University of Michigan
29 Firm Size Diversity and Regional Innovation
By Ajay Agrawal, University of Toronto; Iain Cockburn, Boston University; Alberto Galasso,
University of Toronto; Alex Oettl, Georgia Institute of Technology
Presented by: Alberto Galasso, University of Toronto
Discussant: Brent Goldfarb, University of Maryland
D12
Session ID : 65
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 111
Innovation, Patents and Antitrust Policy
The Industrial Organization Society is grateful to Google for sponsoring this special session on
"Innovation, Patents and Antitrust Policy". While Google chose the topic for the session, all the
papers in this special session, as well as the discussants and chair, have been selected in total
independence by the conference program committee. Session Chair: Michael Waldman, Cornell University
Digital Rights Management and Exclusionary Tying
By Jin-Hyuk Kim, University of Colorado at Boulder; Michael Waldman, Cornell University
Presented by: Michael Waldman, Cornell University
Discussant: Kenneth Corts, University of Toronto
Adverse Effects of Patent Pooling on Product Development
By Thomas Jeitschko, US Department of Justice and Michigan St; Nanyun Zhang, Towson
University
Presented by: Thomas Jeitschko, US Department of Justice and Michigan St
Discussant: Xianwen Shi, University of Toronto
Composition of Innovative Activity in Information and Communications Technology
Equipment R&D: What explains the changes over time?
By Yasin Ozcan, Northwestern University; Shane Greenstein, Northwestern University
Presented by: Yasin Ozcan, Northwestern University
Discussant: Jordi Jaumandreu, Boston University
Sequential Innovation and Optimal Patent Design
By Christian Riis; Norwegian Business School
Xianwen Shi; University of Toronto
Presented by: Xianwen Shi, University of Toronto
Discussant: Konstantinos Serfes, Drexel University
D13
Session ID 82:
Sources and Effects of Airline Competition
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 310
Session Chair: Philip Gayle, Kansas State University
The Competitive Effects of Firm Exit: Evidence from the U.S. Airline Industry
By Kai Hueschelrath, Centre for European Economic Research (ZEW); Kathrin Mueller, Centre for
European Economic Research (ZEW) Mannheim
Presented by: Kathrin Mueller, Centre for European Economic Research
Discussant: Volodymyr Bilotkach, Northumbria University
On Sources of Market Power in the US Airline Industry: Panel Data Evidence from US
Airports
By Volodymyr Bilotkach, Northumbria University; Paulos Ashebir Lakew, University of California,
Irvine
Presented by: Volodymyr Bilotkach, Northumbria University
Discussant: Philip Gayle, Kansas State University
Analyzing the Competitive Effects of Exchanges or Sales of Airport Landing Slots
By James D. Reitzes, The Brattle Group; Brendan McVeigh, The Brattle Group; Nicholas Powers,
The Brattle Group; Samuel Moy, University of Chicago/The Brattle Group
Presented by: Nicholas Powers, The Brattle Group
Discussant: Kathrin Mueller, Centre for European Economic Research (ZEW)
30 Are Air Travel Markets Segmented Along the Lines of Nonstop versus Intermediate-stop(s)
Products?
By Philip Gayle, Kansas State University; Chi-Yin Wu, Kansas State University
Presented by: Philip Gayle, Kansas State University
Discussant: Nicholas Powers, The Brattle Group
D14
Session ID 93:
Topics in Telecom
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 479
Session Chair: Jeffrey Prince, Kelley School of Business, Indiana University
Does Service Bundling Reduce Churn?
By Jeffrey Prince, Kelley School of Business, Indiana University; Shane Greenstein, Northwestern
University
Presented by: Jeffrey Prince, Kelley School of Business, Indiana University
Discussant: Ching-I Huang, National Taiwan University
Demand in a Portfolio-Choice Environment: The Evolution of Telecommunications
By Glenn A. Woroch, University of California, Berkeley
Presented by: Glenn A. Woroch, University of California, Berkeley
Discussant: Sang Pil Han, City University of Hong Kong
Consumer Surplus in the New Mobile Economy: Estimating Demand for Mobile Apps
By Sang Pil Han, City University of Hong Kong
Anindya Ghose, New York University
Sunghyuk Park, KAIST
Presented by: Sang Pil Han, City University of Hong Kong
Discussant: Glenn A. Woroch, University of California, Berkeley
Intra-Household Effects on Demand for Telephone Service: Empirical Evidence
By Ching-I Huang, National Taiwan University
Presented by: Ching-I Huang, National Taiwan University
Discussant: Jeffrey Prince, Kelley School of Business, Indiana Univ
D15
Session ID 95:
Saturday, March 17
2:30 p.m. - 4:30 p.m.
Founders 313
Auction Theory
Session Chair: Georgia Kosmopoulou, University of Oklahoma
A New Approach to Correlation of Types in Bayesian Games
By Luciano de Castro, Northwestern University
Presented by: Luciano de Castro, Northwestern University
Discussant: Bernard Lebrun, York University
An efficiency ranking of markets aggregated from single-object auctions
By Eric Budish, University of Chicago; Robert Zeithammer; University of California in Los Angeles
Presented by: Robert Zeithammer, University of California in Los Angeles
Discussant: Luciano de Castro, Northwestern University
Unit price auction procedures
By Yumiko Baba; Aoyamagakuin University
Presented by: Yumiko Baba, Aoyamagakuin University
Discussant: Robert Zeithammer, University of California in Los Angeles
A theoretical analysis of scoring auctions with non quasi-linear scoring rules
By Makoto Hanazono, Nagoya University; Jun Nakabayashi, Osaka University;
Masanori Tsuruoka, University of Tokyo
Presented by: Jun Nakabayashi, Osaka University
Discussant: Yumiko Baba, Aoyamagakuin University
31 E1
E2
E3
Session ID 12:
Trade and IO
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 310
Session Chair: Robert Feinberg, American University
“Exports-at-Risk”: the Effect of Multi-Market Contact in International Trade
By Robert Feinberg, American University
Presented by: Robert Feinberg, American University
Discussant: Ana Fernandes, Development Research Group
Increasing Marginal Costs: Presence, Sources, and Macroeconomic Implications
By JaeBin Ahn, International Monetary Fund; Alexander McQuoid, Columbia University
Presented by: JaeBin Ahn, International Monetary Fund
Discussant: Hale Utar, University of Colorado, Boulder
Are Export Support Programs Effective? Evidence from Tunisia
By Ana Fernandes, Development Research Group
Presented by: Ana Fernandes, Development Research Group; Julien Gourdon, CEPII
Discussant: Tani Fukui, USITC
Session ID 15:
Government and the Pharmaceuticals Market
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 312
Session Chair: Colleen Carey, Johns Hopkins University
Social Learning in Policymaking: Evidence from Canadian Formulary Listings
By Arvind Magesan, University of Calgary
Presented by: Arvind Magesan, University of Calgary
Discussant: Colleen Carey, Johns Hopkins University
Pharmaceutical regulation and innovative performance: a decision-theoretic model
By Tannista Banerjee, Auburn University
Stephen Martin, Purdue University
Presented by: Tannista Banerjee, Auburn University
Discussant: Arvind Magesan, University of Calgary
The Risk of Risk Adjustment: Government Payments and Insurer-Pharmaceutical
Contracting in Medicare Part D
By Colleen Carey, Johns Hopkins University
Presented by: Colleen Carey, Johns Hopkins University
Discussant: Tannista Banerjee, Auburn University
Session ID 17:
R&D Innovation and Productivity
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 470
Session Chair: Francesca Lotti, Bank of Italy
Plant-level Productivity and Imputation of Missing Data in U.S. Census Manufacturing Data
By Kirk White, USDA, Jerome Reiter, Duke University, Amil Petrin, University of Minnesota
Presented by: Kirk White, USDA
Discussant: Henry Hyatt, US Census Bureau
Wage Dynamics along the Life-Cycle of Manufacturing Plants
By Emin Dinlersoz, U.S. Census Bureau
Henry Hyatt, US Census Bureau
Sang Nguyen, U.S. Census Bureau
Presented by: Henry Hyatt, US Census Bureau
Discussant: Francesca Lotti, Bank of Italy
The Impact of Patent Pools on Further Innovation
By Nanyun Zhang, Towson University
Thomas Jeitschko, US Department of Justice and Michigan St
Presented by: Nanyun Zhang, Towson University
Discussant: Konstantinos Serfes, Drexel University
32 E4
E5
E6
Session ID 20:
Determinants of Innovation 2
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 479
Session Chair: Alberto Galasso, University of Toronto
Session ID 30:
Oil Markets and Energy Efficiency
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 478
Session Chair: Stefan Buehler, University of St. Gallen
Session ID 37:
Nonlinear Pricing
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 313
Session Chair: Matthew Lewis, OSU
Does founders' human capital matter for innovation? Evidence from Japanese start-ups
By Hiroyuki Okamuro, Hitotsubashi University
Masatoshi Kato, Kwansei Gakuin University
Yuji Honjo, Chuo University
Presented by: Hiroyuki Okamuro, Hitotsubashi University
Discussant: Jason O'Connor, US Federal Trade Commission
Outside Directors on the Board and Innovative Firm Performance
By Benjamin Balsmeier, K.U. Leuven
Presented by: Benjamin Balsmeier, K.U. Leuven
Discussant: Cindy Lopes Bento, CEPS/K.U.Leuven
Value for money? New microeconometric evidence on the input additionality of R&D
grants for Flemish firms
By Cindy Lopes Bento, CEPS/K.U.Leuven
Dirk Czarnitzki, K.U.Leuven
Presented by: Cindy Lopes Bento, CEPS/K.U.Leuven
Discussant: Murat Seker, World Bank
The Impact of Outages on Prices and Investment in the U.S. Oil Refining Industry
By Matthew Chesnes, Federal Trade Commission
Presented by: Matthew Chesnes, Federal Trade Commission
Discussant: Eric Brasil, University of Sao Paulo
Returns in Commodities Futures Markets, Financial Speculation and Macroeconomic
Factors: a Multivariate GARCH Approach
By Matteo Manera, University of Milano-Bicocca
Marcella Nicolini, Fondazione Eni Enrico Mattei
Ilaria Vignati, FEEM
Presented by: Marcella Nicolini, Fondazione Eni Enrico Mattei
Discussant: Anette Boom, Copenhagen Business School
Energy Efficiency Resource Standards: Economics and Policy
By Timothy Brennan, University of Maryland Baltimore County
Karen Palmer, Resources for the Future
Presented by: Timothy Brennan, University of Maryland
Discussant: Steven Puller, Texas A&M University
Competitive Nonlinear Pricing and Contract Variety
By Jian Shen, The Ohio State University
Huanxing Yang, The Ohio State University
Lixin Ye, The Ohio State University
Presented by: Lixin Ye, The Ohio State University
Discussant: Chi Leung (Adam) Wong, Shanghai University of Finance
33 Menu Implementability and Practical Pricing Schemes
By Chi Leung (Adam) Wong, Shanghai University of Finance and Economics
Presented by: Chi Leung (Adam) Wong, Shanghai University of Finance and Economics
Discussant: Lixin Ye, The Ohio State University
Ad-valorem platform fees and efficient price discrimination
By Zhu Wang, Federal Reserve Bank of Richmond
Julian Wright, National University of Singapore
Presented by: Julian Wright, National University of Singapore
Discussant: Thomas Tregouet, Université de Cergy-Pontoise
E7
E8
Session ID 44:
Bank Competition
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 466
Session Chair: Robin Prager, FRB
Session ID 47:
Financial Market Issues
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 467
Session Chair: John Brown, Georgia Southern University
Regulating Two-Sided Markets: An Empirical Investigation
By Santiago Carbo-Valverde, University of Granada and Federal Reserve Bank of Chicago, Sujit
Chakravorti, Federal Reserve Bank of Chicago
Francisco Rodriguez-Fernandez, University of Granada
Presented by: Santiago Carbó-Valverde, University of Granada and Federal Reserve Bank of
Chicago
Discussant: Devrim Ikizler, University of Texas at Austin
US Banking Industry Dynamics: A Matching Model with Segmented Loan Markets
By Devrim Ikizler, University of Texas at Austin
Presented by: Devrim Ikizler, University of Texas at Austin
Discussant: Robin Prager, FRB
Concentration and competition in European retail banking
By Bruce Lyons, University of East Anglia
Presented by: Bruce Lyons, University of East Anglia
Discussant: Santiago Carbó-Valverde, University of Granada and Federal Reserve Bank of
Chicago
Aligning Incentives for Credit Rating Agencies
By John Brown, Georgia Southern University
Presented by: John Brown, Georgia Southern University
Discussant: Rasim Ozcan, ERS Group
Effect of Market Structure and the Regulatory Franchise in Reputation-Dependent Industries
By Abigail Brown, Harvard University
Presented by: Abigail Brown, Harvard University
Discussant: John Brown, Georgia Southern University
Price Manipulation by Intermediaries
By Rasim Ozcan, ERS Group
Bedri Tas, TOBB ETU
Presented by: Rasim Ozcan, ERS Group
Discussant: Abigail Brown, Harvard University
34 E9
E10
E11
Session ID 53:
Information and Contracts
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 111
Session Chair: Jin Li, Kellogg School of Management
Session ID 57:
Topics in Information II
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 468
Session Chair: Qian Jiao, NUS
Session ID 79:
International Trade and Transportation
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 308
Session Chair: Kenneth Boyer, Michigan State University
Managing Conflicts in Relational Contracts
By Jin Li, Kellogg School of Management
Niko Matouschek, Northwestern University (KSM)
Presented by: Jin Li, Kellogg School of Management
Discussant: Anne Duchene, Drexel University
Staggered Versus Synchronized Relational Contracts
By Jin-Hyuk Kim, University of Colorado at Boulder
Nick Vikander, University of Edinburgh
Presented by: Jin-Hyuk Kim, University of Colorado at Boulder
Discussant: Claudia Salim, Free University Berlin
Communication within and outside organisations
By Claudia Salim, Free University Berlin
Presented by: Claudia Salim, Free University Berlin
Discussant: Patrick Warren, Clemson University
The Informative Role of Subsidies
By Felix Munoz-Garcia, Washington State University
Ana Espinola-Arredondo, Washington State University
Presented by: Felix Munoz-Garcia, Washington State University
Discussant: Liad Wagman, Illinois Institute of Technology
Competitive Investment in Clean Technology and Uninformed Green Consumers
By Aditi Sengupta, Auburn University
Presented by: Aditi Sengupta, Auburn University
Discussant: Simona Fabrizi, Massey University
Information Acquisition in Securities Markets: Bertrand Versus Cournot
By Hae-shin Hwang, Texas A&M University
Paan Jindapon, University of Alabama
Presented by: Paan Jindapon, University of Alabama
Discussant: Felipe Balmaceda, University of Chile
Trade Flows and Texas Gulf Ports: Impact of the Panama Canal Expansion
By Janice Hauge, University of North Texas
Presented by: Janice Hauge, University of North Texas
Discussant: Wesley Wilson, Oregon
Do non-stop flights boost exports?
By Marco Alderighi, Bocconi University
Alberto Gaggero, University of Pavia
Presented by: Marco Alderighi, Bocconi University
Discussant: Janice Hauge, University of North Texas
Traffic Imbalances and Ocean Liner Shipping Rates
By Wesley Wilson, Oregon
Presented by: Wesley Wilson, Oregon
Discussant: Marco Alderighi, Bocconi University
35 E12
E13
E14
Session ID 92:
Appropriability and Piracy
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Hazel 224
Session Chair: Christopher Snyder, Dartmouth College
Session ID 100:
Cartels and Cartel Policy II
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Session Chair: David Reitman, CRA
The Economics of Open-Access Journals
By Mark McCabe, University of Michigan
Christopher Snyder, Dartmouth College
Presented by: Christopher Snyder, Dartmouth College
Discussant: Joerg Claussen, LMU Munich
Profit Leak? Pre-Release File Sharing and the Music Industry
By Robert Hammond, North Carolina State University
Presented by: Robert Hammond, North Carolina State University
Discussant: Alejandro Zentner, Carnegie Mellon University
On the Road Again - The Effect of Live Performances on Artist Popularity
By Jan-Christian Tonon, MPI for Intellectual Property
Joerg Claussen, LMU Munich
Presented by: Joerg Claussen, LMU Munich
Discussant: Christopher Snyder, Dartmouth College
Founders 477
Cartel Detection in Procurement Markets
By Kai Hueschelrath, Centre for European Economic Research (ZEW)
Presented by: Kai Hueschelrath, Centre for European Economic Research
Discussant: David Reitman, CRA
The effects of asymmetric costs on cartel damages: The importance of the counterfactual
By Petter Berg, Copenhagen Business School
Peter Mollgaard, Copenhagen Business School
Presented by: Petter Berg, Copenhagen Business School
Discussant: Kai Hueschelrath, Centre for European Economic Research
Sunk cost, collusion recidivism, and limited liability
By Stephen Martin, Purdue University
Presented by: Stephen Martin, Purdue University
Discussant: Petter Berg, Copenhagen Business School
Session ID 103:
Antitrust Enforcement
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Founders 476
Session Chair: Bernhard Ganglmair, University of Texas at Dallas
Group Purchasing Organizations, Monopsony, and Antitrust Policy
By Roger Blair, U of Florida
Christine Durrance, UNC Chapel Hill
Presented by: Roger Blair, U of Florida
Discussant: Andrea Günster, Professorship for Intellectual Property
Separation of Powers: The Case of Antitrust
By Bernhard Ganglmair, University of Texas at Dallas
Andrea Günster, Professorship for Intellectual Property
Presented by: Bernhard Ganglmair, University of Texas at Dallas
Discussant: Roger Blair, U of Florida
36 Court of Appeals Rulings in EU Antitrust Enforcement: A Review of the First 50 Years
By Martin Carree, University of Maastricht
Andrea Günster, Professorship for Intellectual Property
Maarten Pieter Schinkel, University of Amsterdam
Presented by: Andrea Günster, Professorship for Intellectual Property
Discussant: Bernhard Ganglmair, University of Texas at Dallas
E15
F1
Session ID 104:
Bundling and Tying
Saturday, March 17
4:45 p.m. - 6:15 p.m.
Hazel 120
Session Chair: Michael Waldman, Cornell University
How the source of the entrant's advantage limits entry-deterring tying
By Kenneth Corts, University of Toronto
Presented by: Kenneth Corts, University of Toronto
Discussant: Pedro Pereira, Autoridade da Concorrência
The strategic interplay between bundling and merging in complementary markets
By Jan Vandekerckhove, Maastricht University
Presented by: Jan Vandekerckhove, Maastricht University
Discussant: Kenneth Corts, University of Toronto
Delineating Markets for Bundles: The Case of Triple-Play
By Pedro Pereira, Autoridade da Concorrência
Tiago Ribeiro, Indera - Estudos Económicos, Lda
João Vareda, Autoridade da Concorrência
Presented by: Pedro Pereira, Autoridade da Concorrência
Discussant: Jan Vandekerckhove, Maastricht University
Session ID 9:
Licensing, Imitation, and Economic Growth
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 475
Session Chair: Stefano Colombo, Catholic University of Milan
Patent licensing with Bertrand competitors
By Stefano Colombo; Catholic University of Milan; Luigi Filippini; Catholic University of Milan
Presented by: Stefano Colombo, Catholic University of Milan
Discussant: Chokri Aloui, LAMIDED, Faculty of Economics and Management Sciences
Wage Inequality, Imitation and Social Institutions: A Theoretical Analysis
By Priya Dutta; Indian Statistical Institute
Presented by: Priya Dutta, Indian Statistical Institute
Discussant: Stefano Colombo, Catholic University of Milan
The telecommunications industry and economic growth: How the market structure matters
By Vahagn Jerbashian; CERGE-EI
Presented by: Vahagn Jerbashian, CERGE-EI
Discussant: Priya Dutta, Indian Statistical Institute
Technology Transfer and Entry Deterrence
By Anne Duchene; Drexel University; Debapriya Sen; Ryerson University; Konstantinos Serfes;
Drexel University
Presented by: Konstantinos Serfes, Drexel University
Discussant: Nanyun Zhang, Towson University
37 F2
F3
F4
Session ID 10:
Studies of External Effects on Domestic Markets, Using Firm-Level Data
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 209
Session Chair: Hale Utar, University of Colorado, Boulder
Trade Liberalization and Growth: Plant-Level Evidence from Switzerland
By Stefan Buehler, University of St. Gallen
Marco Helm, University of St. Gallen
Michael Lechner, University of St Gallen
Presented by: Stefan Buehler, University of St. Gallen
Discussant: Ralph Sonenshine, American University
Sunk Costs to the Domestic Market: Evidence from the Chinese Manufacturing Sector
By Tong Li, Vanderbilt University
Jing Liu, University of California, Los Angeles
Xiaoyong Zheng, North Carolina State University
Presented by: Xiaoyong Zheng, North Carolina State University
Discussant: Robert Feinberg, American University
When the Floodgates Open: Evidence from the Response of Danish Textile and Apparel
Industry to Lifting Trade Restrictions on Chinese Goods
By Hale Utar, University of Colorado, Boulder
Presented by: Hale Utar, University of Colorado, Boulder
Discussant: JaeBin Ahn, International Monetary Fund
Session ID 14:
Demand for Health Care, Drugs, and Insurance
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 207
Session Chair: Christopher Adams, Federal Trade Commission
Session ID 19:
Determinants of Innovation 1
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 320
Session Chair: Benjamin Balsmeier, K.U. Leuven
Free to Choose? Reform and Demand Response in the British National Health Service
By Martin Gaynor, Carnegie Mellon University, Carol Propper, University of Bristol Imperial
College, Stephan Seiler, Stanford GSB
Presented by: Stephan Seiler, Stanford GSB
Discussant: Andrew Ching, University of Toronto
The Effects of Publicity on Demand: The Case of Anti-Cholesterol Drugs
By Andrew Ching, University of Toronto, Robert Clark, HEC Montreal
Ignatius Horstmann, University of Toronto, Hyunwoo Lim, University of Toronto
Presented by: Andrew Ching, University of Toronto
Discussant: Haizhen Lin, Indiana University
Specialization and Differentiation in the Out-patient Dialysis Market
By Mian Dai, Economics and International Business, Le
Presented by: Mian Dai, Economics and International Business, Le
Discussant: Hsiao-shan Yang, University of Illinois at Urbana-Champaign
The Impact of the Partnership Long-term Care Insurance Program on Private Coverage and
Medicaid Expenditures
By Haizhen Lin, Indiana University
Jeffrey Prince, Kelley School of Business, Indiana Unive
Presented by: Haizhen Lin, Indiana University
Discussant: Colleen Carey, Johns Hopkins University
Effects of Licensing Reform on Firm Innovation: Evidence from India
By Murat Seker, World Bank
Presented by: Murat Seker, World Bank
Discussant: Cindy Lopes Bento, CEPS/K.U.Leuven
38 Consumer Notification, Market Size, and Innovation in Genetically Modified Organisms
By Jason O'Connor, US Federal Trade Commission
Presented by: Jason O'Connor, US Federal Trade Commission
Discussant: Hiroyuki Okamuro, Hitotsubashi University
Innovation subsidies: Does the funding source matter for innovation intensity and
performance at the firm level? Empirical evidence from Germany
By Cindy Lopes Bento, CEPS/K.U.Leuven
Dirk Czarnitzki, K.U.Leuven
Presented by: Cindy Lopes Bento, CEPS/K.U.Leuven
Discussant: Benjamin Balsmeier, K.U. Leuven
How important is industry-specific managerial experience for corporate innovative activity
By Benjamin Balsmeier, K.U. Leuven
Dirk Czarnitzki, K.U.Leuven
Presented by: Benjamin Balsmeier, K.U. Leuven
Discussant: Alberto Galasso, University of Toronto
F5
F6
Session ID 21:
Pricing and the Effects of Competition in Innovative Industries
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 466
Session Chair: Martin Woerter, ETH Zurich
Session ID 25:
Bounded Rationality in Auctions and Markets
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 318
Session Chair: Alexander Rasch, University of Cologne
Innovation and Markups: Firm-Level Evidence
By Bruno Cassiman, IESE Business School
Stijn Vanormelingen, IESE Business School
Presented by: Stijn Vanormelingen, IESE Business School
Discussant: Martin Woerter, ETH Zurich
Optimal pricing scheme in technology licensing: empirical evidence from the
pharmaceutical industry
By Giulia Trombini, Ca' Foscari University of Venice
Presented by: Giulia Trombini, Ca' Foscari University of Venice
Discussant: Giuliana Battisti, Nottingham University Business School
The R&D Investment-Uncertainty Relationship: Do Strategic Rivalry and Firm Size Matter?
By Dirk Czarnitzki, K.U.Leuven
Andrew Toole, USDA./ERS/RRED/RESP
Presented by: Andrew Toole, USDA./ERS/RRED/RESP
Discussant: Emin Dinlersoz, U.S. Census Bureau
Competition and Persistence of R&D
By Martin Woerter, ETH Zurich
Presented by: Martin Woerter, ETH Zurich
Discussant: Margaret Blume-Kohout, University of New Mexico
When Do Markets Tip? A Cognitive Hierarchy Approach
By Tanjim Hossain, University of Toronto
John Morgan, University of California
Presented by: Tanjim Hossain, University of Toronto
Discussant: Zhongmin Wang, Northeastern University
Testing for Nonstandard Behavior in Auctions in the Presence of Unobserved Demand
By Henry Schneider, Cornell University
Presented by: Henry Schneider, Cornell University
Discussant: Tanjim Hossain, University of Toronto
39 Level-k Thinking in a Multi-Unit Dutch Auction—An Experimental Investigation
By Alexander Rasch, University of Cologne
Achim Wambach, University of Cologne
Peter Werner, University of Cologne
Presented by: Alexander Rasch, University of Cologne
Discussant: Henry Schneider, Cornell University
Learning and Strategic Sophistication in Games: Evidence from Penny Auctions on the
Internet
By Zhongmin Wang, Northeastern University
Minbo Xu, Georgetown University
Presented by: Zhongmin Wang, Northeastern University
Discussant: Alexander Rasch, University of Cologne
F7
F8
Session ID 40:
Competition and Price Discrimination
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 467
Session Chair: Susanna Sallstrom Matthews, St John's College, Cambridge
Delegation in a spatial game with endogenous spillovers
By Kai Zhao, University of Maine
Presented by: Kai Zhao, University of Maine
Discussant: Susanna Sallstrom Matthews, St John's College, Cambridge
Price discrimination in asymmetric Cournot oligopoly
By Barna Bako, Corvinus University of Budapest
Presented by: Barna Bako, Corvinus University of Budapest
Discussant: Kai Zhao, University of Maine
No Shirt, No Shoes, No Service
By Alexei Alexandrov, University of Rochester
Presented by: Alexei Alexandrov, University of Rochester
Discussant: Barna Bako, Corvinus University of Budapest
Better or More: The demand for product differentiation from generalists and specialists
By Susanna Sallstrom Matthews, St John's College, Cambridge
Presented by: Susanna Sallstrom Matthews, St John's College, Cambridge
Discussant: Alexei Alexandrov, University of Rochester
Session ID 42:
Studies of Pricing in Imperfectly Competitive Markets
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 308
Session Chair: Andras Niedermayer, University of Mannheim
Understanding Retail Price Differences across U.S. Cities: A Tale of Two Frictions
By Chi-Young Choi, University of Texas at Arlington
Presented by: Chi-Young Choi, University of Texas at Arlington
Discussant: Adriaan Soetevent, University of Amsterdam
Arbitrage Across Borders: Why iTunes Gift Cards Sell Above Face Value on eBay
By Chen Feng Ng, California State University Long Beach
Presented by: Chen Feng Ng, California State University Long Beach
Discussant: Andras Niedermayer, University of Mannheim
Differentiation and the Relationship between Product Market Competition and Price
Discrimination
By Manuel Becerra, IE Business School
Juan Santalo, IE Business School
Charo Silva, IE Business School
Presented by: Juan Santalo, IE Business School
Discussant: Wen Cao, The Chinese Univeristy of Hong Kong
40 Industry Structure and the Strategic Provision of Trade Credit by Upstream Firms
By Alfred Lehar, University of Calgary
Yang Song, University of Calgary, CEA and WFA
Lasheng Yuan, University of Calgary
Presented by: Alfred Lehar, University of Calgary
Discussant: Sergei Koulayev, Keystone Strategy
F9
F10
Session ID 51:
Empirical Studies of Vertical Contracting
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 468
Session Chair: Ricard Gil, Johns Hopkins University
Revealing Bargaining Power through Actual Wholesale Prices
By Carlos Noton, University of Warwick
Andres Elberg, Universidad Diego Portales
Presented by: Carlos Noton, University of Warwick
Discussant: Renata Kosova, Cornell University
Agency and Compensation: Evidence from the Hotel Industry
By Renata Kosova, Cornell University
Matthew Freedman, Cornell University
Presented by: Renata Kosova, Cornell University
Discussant: Giorgo Sertsios, University of Houston
Mitigating Agency Problems through Investment Decisions: Evidence from Franchising
By Giorgo Sertsios, University of Houston
Presented by: Giorgo Sertsios, University of Houston
Discussant: Ricard Gil, Johns Hopkins University
Does Vertical Integration Decrease Prices? Evidence from Paramount Antitrust Case of
1948
By Ricard Gil, Johns Hopkins University
Presented by: Ricard Gil, Johns Hopkins University
Discussant: Carlos Noton, University of Warwick
Session ID 56:
Topics in Information III
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 317
Session Chair: Paan Jindapon, University of Alabama
Disclosure Policy in Contests with Stochastic Abilities
By Qiang Fu, National University of Singapore
Qian Jiao, NUS
Jingfeng Lu, National University of Singapore
Presented by: Qian Jiao, NUS
Discussant: Paan Jindapon, University of Alabama
Corruption and Public Display of Wealth
By Simona Fabrizi, Massey University
Steffen Lippert, University of Otago
Presented by: Simona Fabrizi, Massey University
Discussant: Felix Munoz-Garcia, Washington State University
School Choice and Quality Under Provision
By Felipe Balmaceda, University of Chile
Presented by: Felipe Balmaceda, University of Chile
Discussant: Qian Jiao, NUS
41 F11
F12
Session ID 60:
Empirical Studies in Information I
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 310
Session Chair: Michael Luca, Harvard Business School
Session ID 80:
Low Cost Carriers and Dominant Firms
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 210
Session Chair: Nicholas Rupp, East Carolina University
One Pool to Insure them All? Age, Risk and the Price(s) of Medical Insurance
By Thomas Koch, Federal Trade Commission
Presented by: Thomas Koch, Federal Trade Commission
Discussant: Yuyu Chen, Peking University
Selecting the Best? Spillover and Shadows in Elimination Tournaments
By Jennifer Brown, Kellogg School of Management
Dylan Minor, Kellogg School of Management (MEDS)
Presented by: Jennifer Brown, Kellogg School of Management
Discussant: Michelle Sovinsky, University of Zurich
How to Promote Trust: Theory and Evidence from China
By Hongbin Cai, Peking University
Ginger Jin, University of Maryland at College Park
Chong Liu, Peking University
Li-an Zhou, Peking University
Presented by: Ginger Jin, University of Maryland at College Park
Discussant: Christian Waibel, University of Cologne
Horizontal Ownership ad Brand Affiliation in Service Industries: Evidence from Nursing
Homes
By James Brickley, University of Rochester
Susan Lu, University of Rochester
Gerard Wedig, University of Rochester
Presented by: Susan Lu, University of Rochester
Discussant: Subramaniam Ramanarayanan, UCLA
Structured Competition in the Modern Airline Industry:
By John Kwoka, Northeastern University; Kevin Hearle, Brattle Group; Phillippe Alepin, MiCRA
Presented by: John Kwoka, Northeastern University
Discussant: Nicholas Rupp, East Carolina University
Does Product Quality Improve from a Threat of Entry? Evidence from Potential Low Cost
Carrier Entry in Airline Markets
By Nicholas Rupp, East Carolina University
Presented by: Nicholas Rupp, East Carolina University
Discussant: Claudio Agostini, Universidad Adolfo Ibañez
Airline Pricing under Different Market Conditions: evidence from European Low-Cost
Carriers
By Volodymyr Bilotkach, Northumbria University; Alberto Gaggero, University of Pavia; Claudio
Piga, Loughborough University
Presented by: Alberto Gaggero, University of Pavia
Discussant: John Kwoka, Northeastern University
Price Effects and Switching Costs of Airlines Frequent Flyer Program
By Claudio Agostini, Universidad Adolfo Ibañez
Diego Inostroza, ILADES-Universidad Alberto Hurtado
Manuel Willington, ILADES - Universidad Alberto Hurtado
Presented by: Claudio Agostini, Universidad Adolfo Ibañez
Discussant: Alberto Gaggero, University of Pavia
42 F13
F14
F15
Session ID 87:
Applications of Two-Sided Markets
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 470
Session Chair: Christopher Klein, Middle Tennessee State University
Bayesian Estimation of a Dynamic Equilibrium Model of Pricing and Entry in Two-Sided
Markets: Application to Video Games
By Yiyi Zhou, University of Virginia
Presented by: Yiyi Zhou, University of Virginia
Discussant: Jessica Stahl, Federal Reserve Board of Governors
What does the response of stock prices to interchange fee regulation reveal about the
structure of payment card markets?
By Ali Ozdagli, Federal Reserve Bank of Boston; Scott Schuh, Federal Reserve Bank of Boston
Presented by: Ali Ozdagli, Federal Reserve Bank of Boston
Discussant: Christopher Klein, Middle Tennessee State University
Expectations, Network Effects and Platform Pricing
By Andrei Hagiu, Harvard Business School; Hanna Halaburda, Harvard University
Presented by: Andrei Hagiu, Harvard Business School
Discussant: Andre Veiga, Toulouse
Session ID 90:
Empirical Analysis of Markets
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 313
Session Chair: Alon Eizenberg, The Hebrew University of Jerusalem
Session ID 97:
Auction Markets and Multi-Unit Auctions
Sunday, March 18
8:15 a.m. - 10:15 a.m.
Founders 312
Session Chair: Bernard Lebrun, York University
How do Experience and Shopping Frequency Affect Consumers Brand Choice?
By Tatiana Farina, Insper - Institute of Education and Research
Presented by: Tatiana Farina, Insper - Institute of Education and Research
Discussant: Florin Maican, University of Gothenburg and Research Institute in Industrial
Economics
Dynamic Demand for New and Used Durable Goods without Physical Depreciation: The
Case of Japanese Video Games
By Masakazu Ishihara, New York University
Andrew Ching, University of Toronto
Presented by: Masakazu Ishihara, New York University
Discussant: Alon Eizenberg, The Hebrew University of Jerusalem
Assessing Competition by means of Pricing Equations: Domestic Codesharing in US
Airlines
By Jordi Jaumandreu, Boston University
Ying Li, Boston University
Presented by: Jordi Jaumandreu, Boston University
Discussant: Dakshina De Silva, Lancaster University
Auctions in Markets: Common Outside Options and the Continuation Value Effect
By Gabor Virag, University of Toronto
Presented by: Gabor Virag, University of Toronto
Discussant: Jun Nakabayashi, Osaka University
Exposure Problem in Multi-Unit Auctions
By Hikmet Gunay, University of Manitoba; Xin Meng, Southwestern U. of Finance &Economics
Presented by: Hikmet Gunay, University of Manitoba
Discussant: Charles Thomas, Clemson University
43 An Alternating-Offers Model of Multilateral Negotiations
By Charles Thomas, Clemson University
Presented by: Charles Thomas, Clemson University
Discussant: Gabor Virag, University of Toronto
Revenue-Superior Variants of the Second-Price Auction
By Bernard Lebrun, York University
Presented by: Bernard Lebrun, York University
Discussant: Brent Hickman, University of Chicago
G1
G2
Session ID 13:
Physician and Hospital Behavior
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 210
Session Chair: Christopher Garmon, Federal Trade Commission
Physician Market Power and Medical-Care Expenditures
By Adam Shapiro, BEA
Presented by: Adam Shapiro, BEA
Discussant: Marco Castaneda, Tulane University
Hospital ownership, payment schemes, and wait times
By Rune Stenbacka, Hanken School of Economics
Mihkel Tombak, University of Toronto
Presented by: Mihkel Tombak, University of Toronto
Discussant: Adam Shapiro, BEA
Organizational Form and the Adoption of New Medical Technologies in the Hospital
Industry
By Marco Castaneda, Tulane University
Presented by: Marco Castaneda, Tulane University
Discussant: Mihkel Tombak, University of Toronto
Session ID 24:
Consumer and Worker Behavior in Innovative Industries
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 466
Session Chair: Emin Dinlersoz, U.S. Census Bureau
Dynamic Household Sorting and Learning about Charter School Quality
By Nirav Mehta, University of Western Ontario
Presented by: Nirav Mehta, University of Western Ontario
Discussant: Giulia Trombini, Ca' Foscari University of Venice
Music Supply, Chart Turnover, and the Random-Copying Hypothesis in the Digital Age
By Christopher Klein, Middle Tennessee State University
Shea Slonaker, Bethel University
Presented by: Christopher Klein, Middle Tennessee State University
Discussant: Andrew Toole, USDA./ERS/RRED/RESP
The Adoption of Complementary Technologies: A Test of Sequential Versus Simultaneous
Complementarity Using Survival Type Data
By Thomas Astebro, HEC Paris
Giuliana Battisti, Nottingham University Business School
Massimo Colombo, Politecnico di Milano
Presented by: Giuliana Battisti, Nottingham University Business School
Discussant: Martin Woerter, ETH Zurich
The Rise and Fall of Unions in the U.S.
By Emin Dinlersoz, U.S. Census Bureau
Jeremy Greenwood, University of Pennsylvania
Presented by: Emin Dinlersoz, U.S. Census Bureau
Discussant: Stijn Vanormelingen, IESE Business School
44 G3
G4
Session ID 31:
Theoretical Models of Entry
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 320
Session Chair: Keizo Mizuno, Kwansei Gakuin University
Session ID 32:
Empirical Models of Entry
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 310
Session Chair: Luke Froeb, Vanderbilt
Strategic Location Choice and Network Formation for Entry
By Keizo Mizuno, Kwansei Gakuin University
Yasunori Okumura, Hannan University
Presented by: Keizo Mizuno, Kwansei Gakuin University
Discussant: Idrissa Sibailly, Ecole Polytechnique and CREST-LEI
Entry Regulation in a Linear Market
By Javier Elizalde, Universidad de Navarra
Markus Kinateder, Universidad de Navarra
Ignacio Rodríguez-Carreño, Universidad de Navarra
Presented by: Javier Elizalde, Universidad de Navarra
Discussant: Steffen Lippert, University of Otago
Learning and Collusion in New Markets with Uncertain Entry Costs
By Francis Bloch, Ecole Polytechnique
Simona Fabrizi, Massey University
Steffen Lippert, University of Otago
Presented by: Steffen Lippert, University of Otago
Discussant: Javier Elizalde, Universidad de Navarra
Strategic Bypass Deterrence
By Francis Bloch, Ecole Polytechnique
Axel Gautier, Crepp
Presented by: Axel Gautier, Crepp
Discussant: Keizo Mizuno, Kwansei Gakuin University
The Cost of Growth: Estimating Entry Costs During Rollouts
By Mauricio Varela, University of Arizona
Presented by: Mauricio Varela, University of Arizona
Discussant: Rodrigo Moita, Insper Institute
Entry by Merger: Estimates from a Two-sided Matching Model with Externality
By Kosuke Uetake, Northwestern University
Yasutora Watanabe, Northwestern University, Kellogg School
Presented by: Yasutora Watanabe, Northwestern University, Kellogg School
Discussant: Luke Froeb, Vanderbilt
Store Dynamics, Differentiation and Determinants of Market Structure
By Florin Maican, University of Gothenburg and Research In
Matilda Orth, Research Institute of Industrial Economics (IFN)
Presented by: Matilda Orth, Research Institute of Industrial Economics (IFN)
Discussant: James Prieger, Pepperdine University
Entry in School Markets: Theory and Evidence from Brazilian Municipalities
By Rodrigo Moita, Insper Institute
Presented by: Rodrigo Moita, Insper Institute
Discussant: Mauricio Varela, University of Arizona
45 G5
G6
G7
Session ID 35:
Dynamic Price Discrimination
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 308
Session Chair: James Dana, Northeastern University
Session ID 38:
Imperfect Competition and Price Discrimination
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 467
Session Chair: Mariano Tappata, UBC
Session ID 43:
Payment Issues
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 313
Session Chair: Wilko Bolt, De Nederlandsche Bank N.V.
Strategic loyalty reward in dynamic price discrimination
By Bernard Caillaud, Paris School of Economics (Ecole des Ponts)
Romain de Nijs, Paris School of Economics (Ecole des Ponts) and CREST (Lei)
Presented by: Romain de Nijs, Paris School of Economics (Ecole des Ponts) and CREST (Lei)
Discussant: Morten Hviid, University of East Anglia
Re-examining the Effects of Switching Costs
By Andrew Rhodes, University of Oxford
Presented by: Andrew Rhodes, University of Oxford
Discussant: Romain de Nijs, Paris School of Economics (Ecole des Ponts) and CREST (Lei)
Dynamic Screening and Consumer Learning
By James Dana, Northeastern University
Presented by: James Dana, Northeastern University
Discussant: Andrew Rhodes, University of Oxford
Endogenous Low-Price Guarantees With Anchoring
By Morten Hviid, University of East Anglia
Greg Shaffer, University of Rochester
Presented by: Morten Hviid, University of East Anglia
Discussant: James Dana, Northeastern University
Targeted Search and the Long Tail Effect
By Huanxing Yang, The Ohio State University
Presented by: Huanxing Yang, The Ohio State University
Discussant: Qihong Liu, University of Oklahoma
Strategic Vertical Market Structure and Opaque Products
By Mariano Tappata, UBC
Presented by: Mariano Tappata, UBC
Discussant: Huanxing Yang, The Ohio State University
Heterogeneous Price Information and the Effect of Competition
By Saul Lach, The Hebrew University
Jose L. Moraga-Gonzalez, Free University Amsterdam
Presented by: Jose L. Moraga-Gonzalez, Free University Amsterdam
Discussant: Mariano Tappata, UBC
Multi-dimensional Product Differentiation
By Qihong Liu, University of Oklahoma
Jie Shuai, Nankai University
Presented by: Qihong Liu, University of Oklahoma
Discussant: Jose L. Moraga-Gonzalez, Free University Amsterdam
Credit Risk, Penetration Rate and Payment Card Pricing
By Chun-Yu Ho, Shanghai Jiao Tong University; Li Xu, Shanghai Jiao Tong University
Presented by: Chun-Yu Ho, Shanghai Jiao Tong University
Discussant: Kim Huynh, Bank of Canada
46 Substitution Patterns among Cash, Credit Cards and Debid Cards: Evidence from Canadian
Shopping Diary Data
By Naoki Wakamori, Bank of Canada
Presented by: Naoki Wakamori, Bank of Canada
Discussant: Chun-Yu Ho, Shanghai Jiao Tong University
The Impact of Retail Payment Innovations on Cash Usage: Evidence from Survey Data
By Ben Fung, Bank of Canada
Kim Huynh, Bank of Canada
Leonard Sabetti, George Mason University
Presented by: Kim Huynh, Bank of Canada
Discussant: Wilko Bolt, De Nederlandsche Bank N.V.
Consumer credit and payment cards
By Wilko Bolt, De Nederlandsche Bank N.V.
Elizabeth Foote, London School of Economics
Heiko Schmiedel, European Central Bank
Presented by: Wilko Bolt, De Nederlandsche Bank N.V.
Discussant: Naoki Wakamori, Bank of Canada
G8
G9
Session ID 50:
Vertical Foreclosure
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 468
Session Chair: Clémence Christin, University of Düsseldorf
Session ID 52:
Studies on Organizational Forms
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 209
Session Chair: Amitay Alter, Washington University in St. Louis
Strategic capacity shortage: A new rationale for onshore production
By Yutian Chen, California State University, Long Beach
Presented by: Yutian Chen, California State University, Long Beach
Discussant: Clémence Christin, University of Düsseldorf
Equilibrium Strategic Overbuying
By Eric Avenel, Université de Rennes 1
Clémence Christin, University of Düsseldorf
Presented by: Clémence Christin, University of Düsseldorf
Discussant: Barna Bako, Corvinus University of Budapest
Exclusive contracts in bilaterally duopolistic industries
By Barna Bako, Corvinus University of Budapest
Presented by: Barna Bako, Corvinus University of Budapest
Discussant: Stephen Hansen, Pompeu Fabra
Vertical Exclusion with Downstream Risk Aversion
By Stephen Hansen, Pompeu Fabra
Massimo Motta, Universitat Pompeu Fabra
Presented by: Stephen Hansen, Pompeu Fabra
Discussant: Yutian Chen, California State University, Long Beach
Estimating the Return to Organizational Form in the California Venture Capital Industry
By Amitay Alter, Washington University in St. Louis
Presented by: Amitay Alter, Washington University in St. Louis
Discussant: Nathan Wilson, Federal Trade Commission
Procurement, Cost Reduction, and Vertical Integration
By Simon Loertscher, University of Melbourne
Michael Riordan, Columbia University
Presented by: Simon Loertscher, University of Melbourne
Discussant: Andrew Wait, University of Sydney
47 Local Market Structure and Strategic Organizational Form Choices: Evidence from Gasoline
Stations
By Nathan Wilson, Federal Trade Commission
Presented by: Nathan Wilson, Federal Trade Commission
Discussant: Amitay Alter, Washington University in St. Louis
Why do venture capitalists fire founders?
By Anne Duchene, Drexel University
Presented by: Anne Duchene, Drexel University
Discussant: Jin Li, Kellogg School of Management
G10
G11
Session ID 55:
Search and Learning
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 317
Session Chair: Santanu Roy, Southern Methodist University
Session ID 84:
Sources of Market Power and Market Performance
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 318
Session Chair: Santiago Bazdresch, University of Minnesota
A Dynamic Model of Price Signaling and Consumer Learning
By Matthew Osborne, US Department of Commerce
Adam Shapiro, Bureau of Economic Analysis
Presented by: Matthew Osborne, US Department of Commerce
Discussant: Tarcisio da Graca, Canadian Competition Bureau
On the Identification of the Costs of Simultaneous Search
By Jose Luis Moraga Gonzalez, Free University Amsterdam
Zsolt Sandor, University of Groningen
Matthijs Wildenbeest, Indiana University
Presented by: Matthijs Wildenbeest, Indiana University
Discussant: Wanda Mimra, ETH Zurich
Consumer Search with Observable and Hidden Characteristics
By Marco Haan, University of Groningen
Jose Luis Moraga Gonzalez, Free University Amsterdam
Presented by: Marco Haan, University of Groningen
Discussant: Chun-Hui Miao, University of South Carolina
The Impact of Search Costs on Consumer Behavior: A Dynamic Approach
By Stephan Seiler, Stanford GSB
Presented by: Stephan Seiler, Stanford GSB
Discussant: David Byrne, University of Melbourne
Consumer Search and Market Power Dynamics
By Christopher Ruebeck; Lafayette College
Presented by: Christopher Ruebeck, Lafayette College
Discussant: Susan Lu, University of Rochester
Product Differentiation and Systematic Risk: Theory and Empirical Evidence
By Santiago Bazdresch; University of Minnesota
Presented by: Santiago Bazdresch, University of Minnesota
Discussant: Roberto Cellini, University of Catania
Art-maker and art-dealer as a marketing channel
By Roberto Cellini; University of Catania
Tiziana Cuccia; University of Catania
Presented by: Roberto Cellini, University of Catania
Discussant: Santiago Bazdresch, University of Minnesota
48 G12
Session ID 88:
Productivity
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 207
Session Chair: Mark Roberts, Penn State University
On the Identification of Production Functions: How Heterogeneous is Productivity?
By Amit Gandhi, University of Wisconsin
Salvador Navarro, University of Western Ontario
David Rivers, University of Western Ontario
Presented by: David Rivers, University of Western Ontario
Discussant: Davide Vannoni, University of Torino
Productivity and Quality in Health Care: Evidence from Dialysis Centers
By Paul Grieco, The Pennsylvania State University
Ryan McDevitt, University of Rochester
Presented by: Paul Grieco, The Pennsylvania State University
Discussant: Frederic Warzynski, Aarhus School of Business
Productivity Dynamics, R&D, and Competitive Pressure
By Florin Maican, University of Gothenburg and Research Institute in Industrial Economics
Presented by: Florin Maican, University of Gothenburg and Research Institute in Industrial
Economics
Discussant: Mark Roberts, Penn State University
The Costs of Disposal and Recycling. An Application to Italian Municipal Solid Waste
Services
By Davide Vannoni, University of Torino
Presented by: Davide Vannoni, University of Torino
Discussant: Jan De Loecker, Princeton University
G13
Session ID 89:
Issues in the Industrial Organization of Food and Agriculture
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 470
Session Chair: Richard Volpe, USDA-ERS
Effects of Alternative Marketing Arrangements on Spot Market Price Distribution in the U.S.
Hog Market
By Jong-Jin Kim, North Carolina State University
Xiaoyong Zheng, North Carolina State University
Presented by: Xiaoyong Zheng, North Carolina State University
Discussant: Richard Volpe, USDA-ERS
The Effect of Soft Drinks Taxes on Consumption: Evidence from Scanner Data
By Christian Rojas, University of Massachusetts-Amherst
Francesca Colantuoni, University of Massachussetts Amherst
Presented by: Christian Rojas, University of Massachusetts-Amherst
Discussant: Xiaoyong Zheng, North Carolina State University
Supercenters, Unionized Labor, and Performance in Food Retail
By Richard Volpe, USDA-ERS
Presented by: Richard Volpe, USDA-ERS
Discussant: Christian Rojas, University of Massachusetts-Amherst
Price and Variety in Supermarkets: Can Store Competition Hurt Consumers?
By Andre Trindade, Bates White
Presented by: Andre Trindade, Bates White
Discussant: Chi-Young Choi, University of Texas at Arlington
49 G14
G15
Session ID 94:
Theoretical Advances in Media and Telecom
Sunday, March 18
10:30 a.m. - 12:30 p.m.
Founders 475
Session Chair: Maria Rosa Battaggion, Università di Bergamo
Session ID 96:
Econometric Analysis of Auctions
Sunday, March 18
10:30 a.m. - 12:30
p.m.
Founders 312
Session Chair: Florian Englmaier, University of Konstanz
Imperfect Targeted Advertising and Privacy Regulations
By Stephen Bruestle, University of Virginia
Presented by: Stephen Bruestle, University of Virginia
Discussant: Maria Rosa Battaggion, Università di Bergamo
Price Discrimination and the Hold-Up Problem: A Contribution to the Net-Neutrality Debate
By Dominik Grafenhofer, MPI for Research on Collective Goods
Presented by: Dominik Grafenhofer, MPI for Research on Collective Goods
Discussant: Stephen Bruestle, University of Virginia
Mass and Elite in the Market for News: a Model with Heterogeneous Audience
By Maria Rosa Battaggion, Università di Bergamo
Alessandro Vaglio, University of Bergamo
Presented by: Maria Rosa Battaggion, Università di Bergamo
Discussant: Dominik Grafenhofer, MPI for Research on Collective Goods
Asymmetric Information in Oil and Gas Lease Auctions with a National Company
By Rafael Matoso, Petrobras
Marcelo Rezende, Federal Reserve Board
Presented by: Marcelo Rezende, Federal Reserve Board
Discussant: Viplav Saini, Oberlin College
Determinants and Effects of Reserve Prices in Online Auctions
By Florian Englmaier, University of Konstanz
Presented by: Florian Englmaier, University of Konstanz
Discussant: Joseph Podwol
Efficacy of a Bidder Training Program: Lessons from LINC
By Dakshina De Silva, Lancaster University
Timothy Hubbard, Texas Tech University
Georgia Kosmopoulou, University of Oklahoma
Presented by: Dakshina De Silva, Lancaster University
Discussant: Thayer Morrill, North Carolina State University
Explaining Price Dispersion in Online Auctions with Simple Frictions
By Joseph Podwol
Henry Schneider, Cornell University
Presented by: Joseph Podwol
Discussant: Hikmet Gunay, University of Manitoba
50 Index of Participants
C=chair, P=Presenter, D=Discussant
Adams, Christopher
C14
Campbell, James
D16, P66
Adams, Brian
P69
Cao, Wen
P41, D42
Agostini, Claudio
D80, P80
D44, P44
Ahn, JaeBin
P12, D10
Carbó-Valverde,
Santiago
Alderighi, Marco
D79, P79
Carey, Colleen
C15, D15,
P15, D14
Alexandrov, Alexei
D39, P39, D40,
P40
Carrillo, Paul
D71
Castaneda, Marco
D13, P13
Castilla, Carolina
D27, P27
Castillo, Marco
D71
Cellini, Roberto
D84, P84
Chan, Jason
P73
Chang, Yang-Ming
D48, P48
Chao, Yong
D49, P49
Chen, Yuyu
D60
Chen, Jihui
Allen, Jason
D46, P46
Aloui, Chokri
P86, D9
Alter, Amitay
C52, D52, P52
Anderson, Benjamin
D48, P48
Arvanitis, Spyros
C22, D22, P22
Atalay, Enghin
P74
Atallah, Gamal
D62, P62
Baba, Yumiko
D95, P95
Bagchi, Sutirtha
P72
Bako, Barna
D40, P40, D50,
P50
Ecer, Sencer
D102, P102
Economides, Nicholas
C73, C86, D86,
P86, D66
Eizenberg, Alon
P3, C90, D90
Elizalde, Javier
D31, P31
Englmaier, Florian
D98, P96, C96
Escobari, Diego
C81, D81, P81
Espinola-Arredondo, Ana
P4, D6
Fabrizi, Simona
D57, P56
Fahn, Matthias
D46, P46
Falk, Martin
D33, P33
Farina, Tatiana
D3, P90
Farrell, Joseph
C77, P105
Feinberg, Robert
D67, C12, P12,
D10
D36, P85
Fernandes, Ana
D12, P12
Chen, Yutian
D50, P50
Filistrucchi, Lapo
D91, P91
Chen, Zhijun
P101
Finger, Stephen
C4, P4, D5, C5
D29, P30
Froeb, Luke
P63, C32, D32
Balmaceda, Felipe
D57, P56
Chesnes, Matthew
Balsmeier, Benjamin
D64, P20, C19,
D19, P19
Ching, Andrew
D61, D14, P14
Fukui, Tani
P11, D12
Chiou, Lesley
P66, D61
Fusaro, Marc
C45, D45, P45
Banerjee, Tannista
D18, P18, D15,
P15
Choi, Chi-Young
P42, D89
Gaggero, Alberto
D80, P80
Christin, Clémence
C50, D50, P50
Galasso, Alberto
P64, C20, D19
Chu, Sean
D46, P46
Gale, Ian
D76
Chu, hyo-youn
P69
Ganglmair, Bernhard
C103, D103, P103
Claussen, Joerg
D92, P92
Garmon, Christopher
D18, P18, C13
Colombo, Stefano
C9, D9, P9
Gautier, Axel
D6, P31
Gayle, Philip
C82, D82, P82
Günster, Andrea
D103, P103
George, Lisa
D72, C91, D91,
P91
Battaggion, Maria Rosa
P94, D94, C94
Battisti, Giuliana
D21, P24
Bazdresch, Santiago
C84, D84, P84
Böckers, Veit
D4
Berg, Petter
D100, P100
Bilotkach, Volodymyr
D82, P82
Corts, Kenneth
D77, D65,
D104, P104
Blair, Roger
D103, P103
Creane, Anthony
P59
Blume-Kohout, Margaret
P16, D21
Czarnitzki, Dirk
C16, P16, D23
Bolt, Wilko
C43, D43, P43
da Graca, Tarcisio
P59, D55
Gil, Ricard
C51, D51, P51
Boom, Anette
C28, P28, D30
Dai, Mian
D33, P14
Gilpatric, Scott
D98, P98
Borzekowski, Ron
D67
C68, D81,
C35, D35, P35
D67, D64
C99, D99, P99
Dana, James
Goldfarb, Brent
Bos, Iwan
Grafenhofer, Dominik
P94, D94
Boulemia, Anissa
P29, D28
de Castro, Luciano
D95, P95
Grajzl, Peter
D4, P6
Boyer, Kenneth
C78, D78, C79
de Corniere, Alexandre
P77
Greenfield, Daniel
P81
Brasil, Eric
P28, D30
De Loecker, Jan
P3, D88
Greenstein, Shane
D73, C66
Brennan, Timothy
C29, D29, P30
de Nijs, Romain
D35, P35
Grieco, Paul
D3, P88
Bridgman, Benjamin
C11, D11, P11
De Silva, Dakshina
D90, P96
Grilli, Luca
P64
Brown, David
D74
DeGraba, Patrick
D77
Gunay, Hikmet
P97, D96
D66, C61, P60
Di Vita, Giuseppe
D16, C23,
D23, P23, P23
Haan, Marco
D59, P55
Hagiu, Andrei
D86, P87
Brown, Jennifer
Brown, John
C47, D47, P47
Brown, Abigail
D47, P47
Dinlersoz, Emin
D22, D21,
C24, P24
Hammond, Robert
P92
Bruestle, Stephen
P94, D94
Dubrovinsky, Mati
P78
Han, Sang Pil
D93, P93
Buehler, Stefan
D11, C30, P10
Duchene, Anne
D53, P52
Hanazono, Makoto
D59, P58
Burghardt, Dirk
P74
DURRMEYER, Isis
P76
Hansen, Stephen
D50, P50
Byrne, David
P36, D55
Dutta, Priya
D9, P9
Harrison, Teresa
D70, C18, D33,
P33
Hauge, Janice
D79, P79
Hawkins, Jenny
D49, P49
Hefti, Andreas
D59, P58
Heger, Diana
P16, D23
Heyes, Anthony
D4, P6
Hickman, Brent
P98, D97
Hiller, Scott
P72
Hinloopen, Jeroen
D101, D26, P26
Ho, Chun-Yu
D43, P43
Hossain, Tanjim
D25, P25
Huang, Ching-I
D93, P93
Hueschelrath, Kai
P85, D100, P100
Huff, Nancy
P76
Huse, Cristian
D78, P78
Huynh, Kim
D43, P43
Hviid, Morten
D35, P35
Lewis, Matthew
C36, D36, P36,
D66, C37
Nakabayashi, Jun
P95, D97
Li, Shanjun
P29, D78, D28
Narita, Renata
D4, P5
Nasr Esfahani, Nikrooz
Li, Jin
C53, P53, D52
P77
Newberry, Peter
Lin, Mingfeng
D2, P61
P68
Lin, Haizhen
P61, D14, P14
Ng, Chen Feng
D41, P42
Ng, Justin
Linn, Joshua
D76
P67
Lippert, Steffen
D31, P31
Nicolini, Marcella
D29, P30
Niedermayer, Andras
LIU, ZHEN
D27, P27
P41, C42, D42
Noton, Carlos
Liu, Qihong
D38, P38
D51, P51
Liu, YuHsi
P73
O'Connor, Jason
D20, P19
Okamuro, Hiroyuki
Loertscher, Simon
D54, P52
P20, D19
Loginova, Oksana
D39, P39
Oliveira, Alessandro
D85, P85
Orth, Matilda
Lopes Bento, Cindy
D20, P20, D19,
P19
D33, P32
Osborne, Matthew
D68, D59, D58,
P55
Lotti, Francesca
P22, C17, D17
Lu, Susan
D66, P60
Ozcan, Yasin
P65
Lubensky, Dmitry
D49, P49
Ozcan, Rasim
D47, P47
Ozdagli, Ali
Luca, Michael
D73, P2, D61, C60
P87
Luo, Zijun
P69
Pagel, Beatrice
C62, D62, P62,
C63
Lyons, Bruce
D5, P44
Pai, Vivek
D81, P81
Magesan, Arvind
D15, P15
Patel, Elena
P70
Maican, Florin
D90, P88
Peeters, Thomas
C83, D83, P83
Majure, Robert
P105
Pereira, Pedro
D104, P104
Peters, Bettina
D23, P23
Pillai, Unnikrishnan
P29, D28
Pittman, Russell
C101, P101, D102
Podwol, Joseph
P96, D96
Powers, Nicholas
D82, P82
Prager, Robin
D67, C44, D44
Prieger, James
C33, P33, D32
Prince, Jeffrey
D73, C93, D93,
P93
Pugsley, Benjamin
P64
Puller, Steven
D68, D81, P81,
P28, D30
Raith, Michael
P59, D64
Ramanarayanan,
Subramaniam
C2, P2, D60
Ramirez, Stefanie
P67
Rasch, Alexander
C25, D25, P25
Hyatt, Henry
D17, P17
Ikizler, Devrim
D44, P44
Ishihara, Masakazu
D3, P90
Jarmin, Ron
C74
Jaumandreu, Jordi
D65, P90
Jeitschko, Thomas
D77, P65
Jeon, Kiyong
P67
Jerbashian, Vahagn
P9
Mansilla-Fernández, José
Manuel
P67
Jha, Akshaya
P68
Mantovani, Andrea
D48, P48
JIANG, LAI
P68
Manuszak, Mark
D69
Jiao, Qian
C57, D56, P56
Martin, Stephen
P100
Jin, Ginger
C70, P2, D61, P60
Masten, Scott
C6, D6, P6
Jindapon, Paan
P57, C56, D56
Mayo, John
D68
Kee, Hiau Looi
D69
Månsson, Jonas
P4, D5
Kim, Jin-Hyuk
D54, P53
McCallum, Andrew
P74
Kim, Heekyung
P71
Mehta, Nirav
D86, P24
Klein, Tobias
D63, P63
Meraglia, Simone
D54, P54
Klein, Christopher
C87, D87, P24
Miao, Chun-Hui
C58, D58, P58
Koch, Thomas
D2, P60
Mimra, Wanda
C59, P58, D55
Kosmopoulou, Georgia
D76, D98, P98,
C95
Kosova, Renata
D51, P51
Koulayev, Sergei
P41, D42
Kouris, Iana
P77
Kuhn, Kai-Uwe
P105
Kwoka, John
C76, D80, P80
Lafontaine, Francine
C72, C64
Larsen, Bradley
P76
Lebrun, Bernard
D95, C97, P97
Lehar, Alfred
C41, D41, P42
Mizuno, Keizo
C31, D31, P31
Moita, Rodrigo
D32, P32
Molnar, Jozsef
P78
Montez, Joao
C49, D49, P49
Moraga-Gonzalez, Jose L.
D38, P38
Morrill, Thayer
P98, D96
Mueller, Andrea
P5
Mueller, Kathrin
D82, P82
Mullin, Wallace
D70, C85, D85
Munoz-Garcia, Felix
Muraviev, Igor
Rau, Holger
C26, D26, P26
Ray Chaudhuri, Amrita
D26, P26
Redkina, Anastasiya
D101, P102
Reitman, David
P101, C100, D100
Rezende, Marcelo
D45, P45, D98,
P96
P57, D56
Rezende, Leonardo
D78, P78
D83, P83
Rhodes, Andrew
D35, P35
Rivers, David
D3, P88
Toole, Andrew
P21, D24
Yasar, Mahmut
Roberts, Mark
C69, P3, D88, C88
Tregouet, Thomas
P39, D37
Ye, Lixin
D37, P37
Rojas, Christian
D70, P89, D89
Trindade, Andre
D41, P89
Zeithammer, Robert
C98, D95, P95
Romahn, Andre
D102, P102
Trombini, Giulia
P21, D24
Zentner, Alejandro
P66, D92
Roth, Benjamin
P71
Turkay, Evsen
D39, P39
Zhang, Nanyun
P17, D9
Roy, Santanu
P59, D58, C55
Uetake, Kosuke
P73
Zhao, Kai
D40, P40
Ruebeck, Christopher
D84, P84
Utar, Hale
D12, C10, P10
Rupp, Nicholas
C80, D80, P80
Vandekerckhove, Jan
D104, P104
Zheng, Xiaoyong
D11, P10, P89,
D89
Sahni, Navdeep
P73
Vannoni, Davide
P88, D88
Zhou, Jun
D99, P99
Saini, Viplav
D96
Vanormelingen, Stijn
P21, D24
Zhou, Yiyi
P87
Zhu, Chen
P70
Salim, Claudia
D53, P53
Sallstrom Matthews,
Susanna
C40, D40, P40
Santalo, Juan
D41, P42
Sapozhnikov, Margarita
D2, P66
Schmalensee, Richard
C67
Schneider, Henry
D73, D25, P25
Schoonbeek, Lambert
D26, P26
Schwartz, Marius
P105
Seiler, Stephan
D36, P14, P55
Seker, Murat
D20, P19
Sengupta, Aditi
D58, P57
Serfes, Konstantinos
D65, D17, P9
Sertsios, Giorgo
D51, P51
Shapiro, Adam
D68, D13, P13
Shastitko, Andrey
D83, P83
Shen, Caixia
D63, P63
Sheu, Gloria
C102, D102, P102
Shi, Xianwen
D65, P65
Shin, Dongsoo
C48, D48, P48
SIBAILLY, Idrissa
P4, D31
Sicotte, Richard
D85, P85
Sivadasan, Jagadeesh
D64
Snyder, Christopher
C71, C46, D46,
P46, C92, D92,
P92
Soetevent, Adriaan
P41, D42
SOKULLU, Senay
D91, P91
Sonenshine, Ralph
P11, D10
Sovinsky, Michelle
P61, D60
Stahl, Jessica
D87
Stevens, John
D74
Stith, Sarah
P70
Sun, Yutec
P68
Suppliet, Moritz
D18, P18
Tappata, Mariano
C38, D38, P38
Thomas, Charles
D72, D97, P97
Tombak, Mihkel
D13, P13
Varela, Mauricio
D32, P32
Veiga, Andre
P86, D87
Virag, Gabor
D97, P97
Volpe, Richard
P89, D89, C89
Waddams, Catherine
D101, D28, P28
Wagman, Liad
P64, D57
Waibel, Christian
P61, D60
Wait, Andrew
C54, P54, D52
Wakamori, Naoki
D43, P43
Waldman, Michael
C65, P65, C104
Wang, Zhu
D69
Wang, Zhongmin
D25, P25
Ward, Michael
D71, D91, P91
Warren, Patrick
P54, D53
Warzynski, Frederic
C3, P3, D88
Watanabe, Yasutora
D63, P32
Waterson, Michael
P36, D85
Wenzel, Tobias
D45, P45
White, Lawrence
C105
White, Kirk
D74, D22, P17
Wildenbeest, Matthijs
D55, P55
Willington, Manuel
D62, P63
Wilson, Wesley
D79, P79
Wilson, Nathan
D52, P52
Wilson, Chris
C27, D27, P27
Woerter, Martin
P22, C21, D21,
P21, D24
Wong, Chi Leung (Adam)
D37, P37
Woroch, Glenn A.
D93, P93
WOZNIAK, KRZYSZTOF
P72
Wright, Joshua
D72
Wright, Julian
C39, D39, P37
Xiao, Wei
P5
Xie, Jia
P71
Yang, Hsiao-shan
P33, D14
Yang, Huanxing
D38, P38
Yao, Zhiyong
P62, D63
D16, P23
We welcome attendees to the
2012 INTERNATIONAL INDUSTRIAL
ORGANIZATION CONFERENCE
We would like to recognize the efforts of our colleagues and
academic advisors who contribute to our work in this area:
Nathan Barczi
Coleman Bazelon
Mark P. Berkman
Lisa J. Cameron
Michael I. Cragg
Gregory M. Duncan
Nicholas S. Economides
Peter S. Fox-Penner
Daniel Gaynor
Henry G. Grabowski
Oliver Grawe
Kevin Hearle
David R. Kamerschen
John E. Kwoka, Jr.
Armando Levy
Richard B. Mancke
Janusz Mrozek
Daniel L. McFadden
Kevin Neels
Nicholas E. Powers
James D. Reitzes
Robert J. Reynolds
John P. Rust
John Simpson
Ramiro Tovar Landa
William B. Tye
Robert W. Wilson
The Brattle Group provides consulting and expert testimony in economics, finance, and
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New Titles from the Kauffman Foundation
Enjoy this preview of seven new titles brought to you by the Ewing Marion Kauffman Foundation,
the world’s largest foundation devoted to entrepreneurship, from leading scholars on topics related
to entrepreneurship and innovation in a wide range of academic disciplines and perspectives.
Chance & Intent
Solomon’s Knot
By David L. Bodde and Caron H. St. John
By Robert D. Cooter and Hans-Bernd Schäfer
Uncertainty. Ambiguity. Ignorance. All three hazards
are magnified in the realm of entrepreneurship and
innovation. This edited volume emphasizes practical
strategies for understanding and managing the risks
of a new venture.
In this addition to the Kauffman Foundation Series on
Innovation and Entrepreneurship, the authors propose
a theory of economic growth detailing how property,
contract, and business laws unite capital and ideas –
and allow economies to thrive.
www.routledge.com
www.press.princeton.edu
State of Disrepair
The Founder’s Dilemmas
By Kori N. Schake
By Noam Wasserman
This research fellow at the Hoover Institution explains
how current deficiencies in focus, education, and
programmatic proficiency impede the work at State,
and suggests how investing in those areas can make
the agency more successful at building stable and
prosperous democratic governments across the globe.
Part of the Kauffman Series on Innovation and
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early decisions that can make or break a startup.
Quantitative data on almost 10,000 founders
complement the inside stories of the founders
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www.hooverpress.org
www.press.princeton.edu
The Rate and Direction
of Inventive Activity
Revisited
The Coming Prosperity
Edited by Josh Lerner and Scott Stern
By Philip Auerswald
This edited volume revisits the findings of the
1962 classic book and offers new theoretical and
empirical contributions to fundamental questions
relating to the economics of innovation and
technological change.
Deft analysis of economic trends is paired with stories
of entrepreneurs making transformative differences in
their communities and the world. This demonstrates
their ability to maintain the vitality of mature economies
and to enhance the viability of emerging ones.
www.press.uchicago.edu
www.oup.com
Managing the Risks of Innovation
and Entrepreneurship
How Law Can End the
Poverty of Nations
Anticipating and Avoiding the Pitfalls
That Can Sink a Startup
Fixing the Culture and Practices
of the State Department
How Entrepreneurs Are Transforming
the Global Economy
A Rising Tide
Financing Strategies for Women-Owned Firms
By Susan Coleman and Alicia M. Robb
Explore the financial strategies that have helped today’s bold and creative
women entrepreneurs to succeed. Each chapter includes conclusions from
the latest research on financing women-owned firms, along with real-world
case studies that bring entrepreneurial lessons and powerful insight to life.
www.sup.org
www.kauffman.org/books
The Technology | Academics | Policy (TAP) web site is pleased to be a sponsor of the 10 th
Annual International Industrial Organization Conference.
TAP provides research and expertise from leading technology scholars across the country to
spark constructive dialogue about U.S. public policy issues involving technology and innovation.
From the impact of technological innovation in economic growth to competition policy and
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To learn more about careers at NERA, please visit www.nera.com/careers.asp.
THE ROBERT F. LANZILLOTTI
PUBLIC POLICY RESEARCH CENTER
P P RC
AT THE UNIVERSITY OF FLORIDA
Warrington College of Business Administration
Gainesville, Florida
PPRC congratulates the Industrial Organization Society
on its tenth anniversary
and joins the IOS in welcoming you to the
2012 International Industrial Organization Conference.
PPRC seeks to foster high quality, independent research that
contributes to the design of sound, effective public policy.
PPRC’s research focuses on antitrust, education, health care,
international trade, public finance, and regulation issues.
For further information about PPRC, its research associates,
and its activities, please visit our website at
http://bear.warrington.ufl.edu/centers/pprc
PUBLIC UTILITY RESEARCH CENTER
PURC welcomes you to the
10th Annual International Industrial
Organization Conference
The Public Utility Research Center at the University of
Florida is dedicated to research and the provision of
training in utility regulation and strategy.
Our programs teach the principles and practices
that support effective utility policy, regulation,
management, and leadership. We are committed
to helping government and industry officials
develop efficient utility infrastructure to better meet
the needs of their customers.
Our network of utility and regulatory experts
around the world work with us to connect theory
and practice in ways that extend our
understanding of these sectors.
As we celebrate our 40th year of leadership in
infrastructure policy, we continue to deliver training
programs in Florida, across the nation, and around the
world. How can we help you?
PURC
University of Florida
P.O. Box 117142
Gainesville, FL 32611-7142 U.S.A.
Tel: 1-352-392-6148; FAX: 1-352-392-7796
www.purc.ufl.edu
Mark A. Jamison, Ph.D., Director
The Boston Park Plaza Hotel welcomes the 11th Annual International Industrial Organization Conference to Boston May 17‐ May 19, 2013 Conference Schedule Friday, March 16 Shuttle Schedule Friday, March 16 4.00pm Leave from Westin to GMU Law School 4.10pm GMU to Westin 4:00 to 7:00 Registration (Founders Hall Lobby) 4.20pm Westin to GMU 5:00 to 6:30 Graduate Student Sessions ‐ Block A 6:30 to 8:00 Welcome reception (Hazel Hall Atrium) Leave on the 20, 40 and 0 from Westin, 10, 30 and 50 from GMU Saturday, March 17 8.10pm Last Shuttle from GMU to Westin 7:00 to 4:00 Registration (Founders Hall Lobby) Saturday, March 17 7:00 to 9:00 Breakfast (Founders Hall Multipurpose 7.00am Leave from Westin to GMU Law School Room) 7.10am GMU to Westin 8:15 to 9:45 ‐‐Session Block B 7.20am Westin to GMU 10:00 to 12:00 noon ‐‐Session Block C Leave on the 20, 40 and 0 from Westin, 12:20 to 2:10‐‐Luncheon and Keynote Address 10, 30 and 50 from GMU (Westin Ballroom) For the Saturday Luncheon at the Westin: 2:30 to 4:30‐‐Session Block D 12.15pm Leave From GMU to Westin 4:45 to 6:15‐‐Session Block E 2.15pm Leave From Westin to GMU 6:30 to 8:00 ‐‐Reception (Westin Ballroom) 6.30pm Last Shuttle from GMU to Westin Sunday, March 18 Sunday, March 18 7:00 to 9:00 Breakfast (Founders Hall Multipurpose 7.00am Leave from Westin to GMU Law School Room) 7.10am GMU to Westin 8:15 to 10:15 am‐‐Session Block F 7.20am Westin to GMU 10:15 to 12:30 ‐‐Session Block Leave on the 20, 40 and 0 from Westin 10, 30 and 50 from GMU 12.50pm Last Shuttle from GMU to Westin
The local cab company is Red Top at 703‐522‐3333.