12-14 NOVEMBER 2015 GRANADA (SPAIN) www.assetgranada.com CONFERENCE PROGRAMMME This version was sent to print on 22 October COMMITTEES 2015 ORGANIZING COMMITTEE Juliette Milgram-Baleix, University of Granada (CHAIR) Ana I. Moro-Egido, University of Granada SCIENTIFIC COMMITTEE Ana I. Moro-Egido, University of Granada (CHAIR) Betty Agnani, University of Granada Pablo Amorós, University of Málaga Henry Aray, University of Granada Elena Bárcena, University of Málaga Julian Diaz-Saavedra, University of Granada Nicolas Boccard, University of Girona Roberto Hernan, University of Nottingham Ainhoa Herrate, Autonomous University of Madrid Natalia Jiménez, University of Granada Juan A. Lacomba, University of Granada Francisco Lagos, University of Granada Juliette Milgram, University of Granada Elena Molis, University of Granada Emma Moreno, University of Salamanca Bernardo Moreno, University of Málaga Luis Pedauga, University of Granada Socorro Puy, University of Málaga Elena del Rey, University of Girona Angel Solano, University of Granada Javier Perote, University of Salamanca Jesus Rodriguez, University Pablo Olavide Sevilla M. Jose Ruiz, University of Granada M. Angeles Sanchez, University of Granada Ignacio Silva, University of Girona Jose Luis Torres, University of Málaga GENERAL PROGRAM 2015 13:00 11:3013:00 11:00 09:0011:00 Parallel Sessions A Welcoming and Registration (14:00 horas) Parallel Sessions C Lunch Break Vilfredo Pareto Lecture Coffee Break Parallel Sessions B FRIDAY Closure Parallel Sessions F Lunch Break Murat Sertel Lecture Coffee Break Parallel Sessions E SATURDAY THURSDAY 14:3016:30 Coffee Break CONFERENCE DINNER Parallel Sessions D Award Ceremony Louis-André Gérard-Varet Prize Coffee Break WELCOME RECEPTION Urrutia Elejalde Foundation Session 16:30 17:0017:30 17:3019:30 20:30 TOPIC ROOM PARALLEL SESSION A A.1 A.2 A.3 A.4 A.5 A.6 Macroeconomics 1 International Factor Movements and Business Social Choice 1 Industrial Economics 1 Environmental Economics 1: Externalities and Regulations Conflict Altiplano Marquesado Loja Lecrín Alpujarra Costa Tropical PARALLEL SESSION B B.1 B.2 B.3 B.4 B.5 B.6 Inequality Models of International Trade Labour Economics Macroeconomics 2 Political Economy 1 Behavioural Economics Altiplano Marquesado Loja Lecrín Alpujarra Costa Tropical PARALLEL SESSION C C.1 C.2 C.3 C.4 C.5 C.6 Innovation and R&D Matching Theory Macroeconomics 3 Education Economics Game Theory, Auctions and Voting Experimental Economics: Labour 1 Altiplano Marquesado Poniente Loja Alpujarra Costa Tropical PARALLEL SESSION D D.1 D.2 D.3 D.4 D.5 D.6 Environmental Economics 2 Network and Coalition Formation Industrial Economics 2 Experimental Economics: Labour 2 Public Goods Banking and Regulation 1 Altiplano Marquesado Loja Lecrín Alpujarra Costa Tropical PARALLEL SESSION E E.1 E.2 E.3 E.4 E.5 E.6 E.7 Dynamic Games-Asymmetric Information Political Economy 2 International Finance Social Choice 2 Signalling Games and Labelling Macroeconomics 4 Applied Macroeconomics Altiplano Marquesado Poniente Lecrín Alpujarra Costa Tropical Loja PARALLEL SESSION F F.1 F.2 F.3 F.4 F.5 F.6 Growth Banking and Regulation 2 Networks Finance Tax and Redistribution Experimental Economics: Labour 3 Altiplano Marquesado Loja Lecrín Alpujarra Costa Tropical 12 2015 THURSDAY, 12 NOVEMBER 2015 14:00-14:30 WELCOMING AND REGISTRATION Lobby Area 14:30-16:30 PARALLEL SESSIONS A A.1 Macroeconomics 1 Chair: Jaime Alonso-Carrera Room: Altiplano Leisure time and the sectoral composition of employment Edgar Cruz and Xavier Raurich A Dynamic Quantitative Macroeconomic Model of Bank Runs Elena Mattana and Ettore Panetti Steady state law of demand in dynamic consumer problems Davide Dragone and Paolo Vanin Intergenerational Mobility under Education-Effort Complementarity Jaime Alonso-Carrera, Jordi Caballé and Xavier Raurich A.2 International Factor Movements and Business Chair: Yoshimasa Komoriya Room: Marquesado Strategic Corporate Social Responsibility by Multinational Enterprises Evangelos Mitrokostas, Constantine Manasakis and Emmanuel Petrakis International migration of skilled workers with endogenous policies Slobodan Djajic and Michael Michael Offshoring of Medium-skill Jobs, Polarization, and Productivity Effect: Implications for Wages and Low-skill Unemployment Joan Muysken, Ehsan Vallizadeh and Thomas Ziesemer Taxes and Entry Mode Decision in Multinationals: Export and FDI with and without Decentralization Yoshimasa Komoriya, Søren Bo Nielsen and Pascalis Raimondos A.3 Social Choice 1 Chair: Antonio Nicolo Room: Loja On the set of extreme core allocations for minimum cost spanning tree problems Juan Vidal-Puga and Christian Trudeau Group Strategy-proofness in Private Good Economies Salvador Barberà, Dolors Berga and Bernardo Moreno Universally selection-closed families of social choice functions Semih Koray and Talat Secak Information Disclosure under Strategy-Proof Social Choice Rules Salvador Barberà and Antonio Nicolo A.4 Industrial Economics 1 Chair: Martin Obradovits Room: Lecrín Endogenous Matching in University-Industry Collaboration: Theory and Empirical Evidence from the UK Albert Banal-Estañol, Ines Macho-Stadler and David Perez-Castrillo Entry with Two Correlated Signals Alex Barrachina, Yair Tauman and Amparo Urbano Going to the Discounter: Consumer Search with Local Market Heterogeneities Martin Obradovits A.5 Environmental Economics 1 (Externalities and Regulations) Chair: Eftichios Sartzetakis Room: Alpujarra Habits in consumption, environmental quality and intergenerational inequalities Stéphane Bouché Carbon tax, emission permits, and carbon leak under price competition Paolo Garella and M. Teresa Trentinaglia De Daverio Regulating the Environmental Consequences of Preferences for Social Status within an Evolutionary Framework Eftichio Sartzetakis, Anastasios Xepapadeas and Athanasios Yannacopoulos A.6 Conflict Chair: Daniel Cardona Room: Costa Tropical Diasporas and Conflict Mercier Marion, Fabio Mariani and Thierry Verdier Forms of Social Capital, Conflict and Welfare Colin Jennings and Santiago Sánchez-Pages Group contests with endogeus claims Daniel Cardona and Antoni Rubí-Barceló 16:30-17:00Coffee Break Lobby Area 17:00-19:00 Urrutia Elejalde Foundation Session Chair: Joan María Esteban Room: Altiplano Invited Speaker: Sandeep Baliga, Nortwestern University The Strategy of Conflict and the Technology of War Invited Speaker: Shanker Satyanath, New York University Deadly Crony Capitalism: Political Connections and Disappearances of Union Leaders during Argentina's Dirty War Esteban Klor (Hebrew University), Sebastian Saiegh (UCSD) , and Shanker Satyanath (NYU) 20:00 Welcome Reception Lobby Area 13 2015 FRIDAY, 13 NOVEMBER 2015 09:00-11:00 PARALLEL SESSIONS B B.1 Inequality Chair: Dirk Van de gaer Room: Altiplano Assessing the impact of social transfer income packages on child poverty: A European cross-national perspective Elena Bárcena Martín, M. Carmen Blanco Arana and Salvador Pérez Moreno Labour Outcomes and Family Background: Evidence from the EU during the recession Silvia Avram and Olga Canto Removing homeownership bias in taxation: the distributional effects of including net imputed rent in taxable income Francesco Figari, Alari Paulus, Holly Sutherland, Panos Tsakloglou, Gerlinde Verbist and Francesca Zantomio Measurement of inequality of opportunity based on counterfactuals Xavier Ramos and Dirk Van de gaer B.2 Models of International Trade Chair: Yukio Karasawa-Ohtashiro Room: Marquesado Product Quality and Price Dynamics Marta Arespa-Castelló and Diego Gruber Cooperative and Non-Cooperative Equilibrium Consumption Taxes in the Presence of Cross-Border Pollution Panos Hatzipanayotou and Michael Michael Endogenous cartel formation under trade liberalization: heterogeneous firms with capacity constraints Aya Ahmed Fertility, Mortality, and International Trade Pattern within a Heckscher-Ohlin Framework Yukio Karasawa-Ohtashiro and Akihiko Yanase B.3 Labour Economics Chair: Panagiotis Skartados Room: Loja Unmet needs in formal care: kindling the spark for caregiving behaviour Sergi Jiménez-Martín and Cristina Vilaplana-Prieto Low-Skill Offshoring and Welfare Compensation Policies Pablo Agnese and Jana Hromcová Profit Sharing and Firms' strategies Emmanuel Petrakis and Panagiotis Skartados B.4 Macroeconomics 2 Chair: Clain-Chamosset-Yvrard Room: Lecrín Growth and public debt: what are the relevant tradeoffs? Nishimura Kazuo, Carine Nourry, Thomas Seegmuller and Alain Venditti Undervaluation, social optimum and growth Karine Gente, Miguel Leon-Ledesma and Carine Nourry On the interplay between speculative bubbles and productive investment Xavier Raurich and Thomas Seegmuller International Transmission of Bubble Crashes: Stationary Sunspot Equilibria in a TwoCountry Overlapping Generations Model Clain-Chamosset-Yvrard and Clain-Chamosset Kamihigashi B.5 Political Economy 1 Chair: Jan Klingelhöfer Room: Alpujarra Imperfectly informed voters and strategic extremism Enriqueta Aragonés and Dimitrios Xefteris Strategic vote trading in proportional representation systems Dimitrios Xefteris and Nicholas Ziros Non-Sincere Voting in Common Value Elections Friederike Mengel and Javier Rivas Uncertainty, Ideology and Platform Divergence Jan Klingelhöfer B.6 Behavioural Economics Chair: Pedro Chaves Room: Costa Tropical Doing it when others do: a strategic model of procrastination Claudia Cerrone Taming Selten´s Horse by Impulse Response Tibor Neugebauer, Karim Sadrieh and ReinhardSelten Costly Thinking, Consumer Choice and Court Oligopoly Pedro Chaves 11:00-11:30 Coffee Break Lobby Area 11:30-13:00 VILFREDO PARETO LECTURE Chair: Carmen Herrero Invited Speaker: Oriana Bandiera, London School of Economics Room: Altiplano Incentives for Public Service Delivery Oriana Bandiera 13:00-14:30 Lunch Break Restaurant Abades Hotel 14:30-16:30 PARALLEL SESSIONS C C.1 Innovation and R&D Chair: Rocío Sanchez-Mangas Room: Altiplano Market frictions in Entrepreneurial Innovation: Theory and Evidence Angela Cipollone and Paolo Giordani Cournot Competition and “Green” Innovation: An Inverted-U Relationship Luca Lambertini, Joanna Poyago-Theotoky and Alessandro Tampieri Sustainable growth and financial markets in a natural resource rich country Emma Hooper The impact of public research contracts on scientific productivity Cesar Alonso-Borrego, Antonio Romero-Medina and Rocío Sanchez-Mangas C.2 Matching Theory Chair: Ozgur Yilmaz Room: Marquesado One-to-One Matching Problems with Location Restrictions Wouter Vergote Pairing Games and Markets Ahmet Alkan and Alparslan Tuncay School choice: student exchange under partial fairness Arda Gitmez, Umut Dur and Ozgur Yilmaz C.3 Macroeconomics 3 Chair: Lenno Uusküla Room: Poniente Survival in Speculative Markets: The Role of Saving, Beliefs' Accuracy, and Log-Optimality Pietro Dindo Long-run Heterogeneity in a Lucas' Tree Economy with Fixed-Mix Traders Giulio Bottazzi, Pietro Dindo and Danie Giachini Fiscal multipliers across the credit cycle Mihaly Tamas Borsi Monetary Transmission Mechanism with Firm Turver Lenno Uusküla C.4 Education Economics Chair: Pau Balart Room: Loja On the efficiency properties of the Roy's model under asymmetric information Concetta Mendolicchio and Tito Pietra A General Equilibrium Analysis Of State And Private Colleges And Access To Higher Education In The U.S. Dennis Epple, Richard Romano, Sinan Sarpca and Holger Sieg Equality of Opportunity with qualitative variables: an application to education in Europe Carmen Herrero, Ildefonso Mendez and Antonio Villar Test Scores, Noncognitive Skills and Economic Growth Pau Balart, Matthijs Oosterveen and Dinand Webbink C.5 Game Theory, Auctions and Voting Chair: Joao Varandas Ferreira Room: Alpujarra Revenue Maximizing Head Starts in Contests Joerg Franke, Wolfgang Leininger and Cedric Wasser Rent shifting in procurement Lluis Bru and Daniel Cardona Implementation of Optimal Schedules in Outsourcing with Identical Suppliers Flip Klijn, Herbert Hamers and Marco Slikker Voting and Social Identity: A Theory of Electoral Outcomes Sacha Bourgeois-Gironde and Joao Varandas Ferreira C.6 Experimental Economics: Labour 1 Chair: Javier Perote Room: Costa Tropical A new approach to understand labour supply of disabled people David Cantarero, Patricia Moreno, Jose Manuel Rodriguez-Poo Revisiting the Tradeoff between Risk and Incentives: The Shocking Effect of Random Shocks Brice Corgnet and Roberto Hernan The lazarillo and the blind man: a sharing game under asymmetric conditions Juan A. Lacomba, Francisco Lagos and Javier Perote 16:30-17:00 Coffee Break Lobby Area 17:00-17:30 Award Ceremony: Louis-André Gérard-Varet Prize Altiplano Room 17:30-19:30 PARALLEL SESSIONS D D.1 Environmental Economics 2 Chair: Juan Miguel Benito-Ostolaza Room: Altiplano Habit Formation and the Introduction of a Green Product Christos Constantatos and Markus Herrmann Environmental techlogical choice under a Court-Bertrand model with differentiated product. Elias Asproudis and Eleytherios Filippiadis Taxes, compensations and renewable natural resources Juan Miguel Benito-Ostolaza and Nuria Osés-Eraso D.2 Network and Coalition Formation Chair: Arnold Polanski Room: Marquesado Constitutions and Social Networks Ana Mauleon, Nils Roehl and Vincent Vannetelbosch Paths to Stability in Hedonic Games Elena Iñarra and Elena Molis Coalition formation and surplus sharing in repeated multi-coalitional games Arnold Polanski and Fernando Vega Redondo D.3 Industrial Economics 2 Chair: Nikolas Tsakas Room: Loja Quality differences, third-degree price discrimination, and welfare Francisco Galera, Pedro Mendi and Juan Carlos Molero Vertical Foreign Direct Investment: Make, Sell and (t) Buy Chrysovalantou Milliou and Joel Sandonis Revealing incentives for vertical integration in the presence of glocal policies Pierpaolo Giannoccolo and Cecilia Vergari The Effect of Entry on R&D Networks Emmanuel Petrakis and Nikolas Tsakas D.4 Experimental Economics: Labour 2 Chair: Miguel A. Melendez-Jimenez Room: Lecrín Coordinated Punishment Vicente Calabuig, Natalia Jimenez, Gonzalo Olcina and Ismael Rodriguez Heterogeneous Benefits and Social Comparison in Public Good Games Pablo Brañas-Garza, Levent Neyse and Elena Molis An experimental study on information sharing networks Sergio Currarini, Francesco Feri and Miguel A. Melendez-Jimenez D.5 Public Goods Chair: Miguel-Angel López-García Room: Alpujarra Spatial determinants of Active Labour Market Policies Expenditure in Spanish regions Juan González-Alegre Should a non-rival public good always be provided centrally? Nicolas Gravel and Michel Poitevin Destination vs. Origin-based Commodity Taxation in Large Open Economies with Unemployment Fabio Antoniou, Panos Hatzipanayotou and Nikos Tsakiris Pareto-Improving Indirect Tax Coordination: Viva Tax Diversity Christos Kotsogiannis and Miguel Angel López-García D.6 Banking and Regulation 1 Chair: Guido Maretto Room: Costa Tropical Do banks and industrial companies have equal access to reputable bookrunners in debt markets? Santiago Carbó-Valverde, Pedro Jesús Cuadros Solas and Francisco Rodríguez Borrower’s Discouragement and Credit Rationing with Moral Hazard Pasqualina Arca, Gianfranco Atzeni and Luca Deidda Financial liberalization and the development of microcredit Jose Julian Cao Alvira and Luca Deidda Diversification and Screening Guido Maretto 20:00 CONFERENCE DINNER Carmen de los Chapiteles Camino del Avellano, 4, 18010 Granada 14 2015 SATURDAY, 14 NOVEMBER 2015 09:00-11:00 PARALLEL SESSIONSE E.1 Dynamic Games-Asymmetric Information Chair: Kenan Huremovic Room: Altiplano Media silence, feedback power and reputation Ascensión Andina Díaz and Jose A.Garcia-Martinez The Lemons Problem in a Labor Market with Intrinsic Motivation: When Higher Salaries Pay Worse Workers Nadia Burani, Francesca Barigozzi and Davide Raggi Profitability and Concentration of Competitive Insurance Markets with Better Informed Principals Laura Abrardi, Luca V.A.Colombo and Piero Tedeschi A Screening Role of Enforcement Institutions Kenan Huremovic E.2 Political Economy 2 Chair: Renaud Bourlès Room: Marquesado Political Competition between Heterogeneous Parties Maria del Pino Ramos-Sosa and M. Socorro Puy Political institutions, technology and growth: a dynamic panel approach Izaskun Zuazu-Bermejo Swapping-proof Two-tiers Voting Procedures Jean Laine, Gilbert Laffond and Hayrullah Dindar Income Redistribution and the Diversity of Consumer Goods Renaud Bourlès, Michael Dorsch and Paul Maarek E.3 International Finance Chair: Nikolas Müller-Plantenberg Room: Poniente The Persistence of Real Exchange Rates in the Central and Eastern European Countries Ahmad Baharumshah, Stilianos Fountas, Nurul Shariff and Siew-VoonSoon Benefits of Home Currency Invoicing Kazunobu Hayakawa, Nuttawut Laksanapanyakul and Taiyo YoshimiYoshimi Currency flows and currency crises Nikolas Müller-Plantenberg E.4 Social Choice 2 Chair: Dolors Berga Room: Lecrín Social Shock Sharing and Stochastic Dominance Christophe Muller Conditions on the jury for the natural implementation of the deserving winner of a competition Pablo Amoros Impartial Social Rankings Dolors Berga and Riste Gjorgjiev E.5 Signalling Games and Labelling Chair: Ascensión Andina Diaz Room: Alpujarra Political Corruption in the Execution of Public Contracts: A Principal-Agent Analysis Olga Chiappinelli Active Talent Spotting Nejat Anbarci, Saptarshi Ghosh and Jaideep Roy The Role of Labels in Persuasion Games when Information on Quality is Costly to Acquire Ennio Bilancini and Leonardo Boncinelli Signalling competence and bias in the courtroom: Is transparency always good? Ascensión Andina Díaz and Jose Antonio García Martínez E.6 Macroeconomics 4 Chair: Rana Sajedi Room: Costa Tropical Fiscal consolidation and its cross-country effects. Is there a confict of interests? Apostolis Philippopoulos, Vassilatos Vangheli and Petros Varthalitis Illegal Immigration and the Shadow Economy Carmen Camacho, Fabio Mariani and Luca Pensieroso Structural Reform or Fiscal Consolidation: Is There a Trade-off? Rana Sajedi E.7 Applied Macroeconomics Chair: Luis Sastre Room: Loja Assessing Piketty's Laws of Capitalism Antonio Minniti, Jakob Madsen and Francesco Venturini Structural Change and n-Constant Biased Technical Change Edgar Cruz Exchange Rate, Cross Elasticities between Exports and Imports and Current Account Sustainability: The Spanish Case. Luis Sastre 11:00-11:30 Coffee Break Lobby Area 11:30-13:00 MURAT SERTEL LECTURE Chair: Unal Zenginobuz Invited Speaker: Antonio Cabrales, University College of London Room: Altiplano “Which Club Should I Attend, Dad?: Targeted Socialization and Production” Facundo Albornoz, Antonio Cabrales and Esther Hauk 13:00-14:30 Lunch Break Restaurant Abades Hotel 14:30-16:30 PARALLEL SESSIONS F F.1 Growth Chair: José Ignacio Silva Room: Altiplano Optimal Population Growth and Multiplicity in the Ramsey Model Raouf Boucekkine, Blanca Martínez and Jose-Ramón Ruiz-Tamarit Economic Growth and Property Rights on Natural Resources Kirill Borissov and Mikhail Pakhnin Local multipliers of public employment: Theoretical predictions and long-run evidence from the late development of the Spanish public sector Jordi Jofre-Monseny, José Ignacio Silva and Javier Vázquez F.2 Banking and Regulation 2 Chair: Gianfranco Atzeni Room: Marquesado Contingent fees and Certification Quality Jacopo Bizzotto Separating versus Pooling Equilibria: the Effects of Adverse Selection on the Originate to Distribute Banking Model Vesna Oshafi Capital Structure, Product Market Competition and Default Risk Magali Costa and Cesaltina Pires The signaling role of trade credit on loan contract: an endogenous switching approach Gianfranco Atzeni, Pasqualina Arca and Luca Deidda F.3 Networks Chair: Markus Kinateder Room: Loja Reinforcement Learning in Network Games Sebastian Bervoets, Mario Bravo and Mathieu Faure A Unifying Model of Strategic Network Formation Norma Olaizola and Federico Valenciano Public Goods in Endogeus Networks Markus Kinateder and Luca Merli F.4 Finance Chair: Daniele Giachini Room: Lecrín Measuring mispricing in experimental asset markets Owen Powell The Effect of the Financial Crisis on Default by Spanish Households Carlos Aller, Charles Grant and Mario Padula The Wisdom of the Crowd, Reconsidered Giulio Bottazzi and Daniele Giachini F.5 Tax and Redistribution Chair: Ilia Gouaref Room: Alpujarra Dynamic Tax Evasion with Habit Formation Michele Bernasconi, Rosella Levaggi and Francesco Menoncin Equality of Opportunity: How to encompass Fifty Shades of Luck Alain Trannoy The impact of the RSA’s non take-up on poverty Ilia Gouaref F.6 Experimental Economics: Labour 3 Chair: Maria Cubel Room: Costa Tropical The Value of Choice: an Experiment with Multiple Choice Questions Henry Aray and Luís Enrique Pedauga The Disposition Effect with Transaction Costs: An Experimental Analysis Carlos Cueva, Iñigo Iturbe-Ormaetxe, Giovanni Ponti and Josefa Tomás Gender differences and stereotypes in the beauty contest Maria Cubel and Santiago Sánchez-Pagés 16:30 CLOSURE LIST OF PARTICIPANTS Author Affiliation Ahmed, Aya Alkan, Ahmet Aller, Carlos Alonso-Carrera, Jaime Amorós, Pablo Anbarci, Nejat AndinaDíaz, Ascensión Aragonés, Enriqueta Aray, Henry Arca, Pasqualina Arespa Castillo, Marta Asproudis, Elias Atzeni, Gianfranco Balart, Pau Barrachina, Alex Benito-Ostolaza, Juan Miguel Berga, Dolors Bervoets, Sebatian Bilancini, Enni Bizzotto, Jacopo Blanco Arana, M. Carmen Borsi, MihalyTamas Bottazzi, Giulio Bouché, Stéphane Bourlès, Renaud Bru, Lluís Burani, Nadia Cantó, Olga Cardona, Daniel Cerrone, Claudia Chamosset-Yvrard, Clain Chaves, Pedro Chiappinelli, Olga Colombo, Luca V.A. Constantatos, Christos Cruz, Edgar Cuadros-Solas, Pedro Jesús Cubel, Maria Deidda, Luca Dindar, Hayrullah Dindo, Pietro Dragone, Davide Fountas, Stilianos Franke, Joerg Garcia-Martinez, Jose A. Gente, Karine, Paris School of Economics Sabanci University Universitat de Girona Universidade de Vigo Universidad de Málaga Deakin University, Department of Ecomics Universidad de Málaga Institutd'AnalisiEconomica Universidad de Granada University of Leicester Universitat de Barcelona University of Northampton, Business School Università di Sassari Universidad Carlos III de Madrid Jaume I University, Castellón (Spain) Universidad Pública de Navarra Universitat de Girona Aix-Marseille School of Economics Università di Modena e Reggio Emilia University of Oslo University of Malaga Universidad de Alicante Institute of Economics – Scuola SuperioreSant'Anna CORE (Université Catholique de Louvain) Aix-Marseille School of Ecomics Universitat de les Illes Balears Department of Economics, University of Bologna Universidad de Alcalá Universitat de les Illes Balears Royal Holloway University of London Aix-Marseille School of Economics Va School of Business and Ecomics IMT Institute for Advanced Studies Lucca Università Cattolica del Sacro Cuore Department of Economics, University of Macedonia Universitat de Barcelona Universidad de Granada University of Barcelona CRES, Università di Sassari İstanbul Bilgi Üniversitesi Istituto di Economia, Scuola Superiore Sant'Anna Deparment of Economics, University of Bologna University of Macedonia TU Dortmund Universidad Miguel Hernández GREQAM Session B.2 C.2 F.4 A.1 E.4 E.5 E.5 B.5 F.6 D.6 B.2 D.1 F.2 C.4 A.4 D.1 E.4 F.3 E.5 F.2 B.1 C.3 C.3 A.5 E.2 C.5 E.1 B.1 A.6 B.6 B.4 B.6 E.5 E.1 D.1 E.7 D.6 F.6 D.6 E.2 C.3 A.1 E.3 C.5 E.1 B.4 Author Giachini, Daniele Giannoccolo, Pierpaolo Giordani, Paolo González, Juan Gouaref, Ilia Gravel, Nicolas Hatzipanayotou, Panos Hernán, Roberto Herrero, Carmen Hooper, Emma Hromcová, Jana Huremovic, Kenan Iñarra, Elena Jimenez Jimenez, Natalia Karasawa-Ohtashiro, Yukio Kinateder, Markus Klijn, Flip Klingelhöfer, Jan Komoriya, Yoshimasa Koray, Semih Levaggi, Rosella López-García, Miguel-Angel Manasakis, Constantine Maretto, Guido Mariani, Fabio Mauleon, Ana Melendez-Jimenez, Miguel A. Mendi, Pedro Mendolicchio, Concetta Michael, Michael Milliou, Chrysovalantou Minniti, Antonio Molis, Elena Moreno, Bernardo Moreno, Patricia Muller, Christophe Müller-Plantenberg, Nikolas Neugebauer, Tibor Nicolo, Antonio Obradovits, Martin Olaizola, Norma Oshafi, Vesna Pakhnin, Mikhail Panetti, Ettore Paolini, Dimitri Pensieroso, Luca Perez-Castrillo, David Affiliation Scuola Superiore Sant'Anna Alma Mater Studiorum - University of Bologna LUISS University, Rome (Italy) Universitat Autònoma de Barcelona AMSE (Aix Marseille School of Economics) GREQAM Athens University of Economics and Business University of Nottingham Universidad de Alicante GREQAM - AMSE Universitat Autònoma de Barcelona Aix-Marseille School of Economics Universidad del Pais Vasco Universidad de Granada Nanzan University Universidad de Navarra Institute for Ecomic Analysis (CSIC) RWTH Aachen University Chuo University / Copenhagen Business School Bilkent University, Ecomics Dept. University of Brescia Universitat Autonoma de Barcelona University of Crete va School of Business and Ecomics ECARES - Université Libre de Bruxelles Saint-Louis University - Brussels Universidad de Malaga Universidad de Navarra Institute for Employment Research University of Cyprus Athens University of Economics and Business DSE, University of Bologna Universidad de Granada Universidad de Málaga University of Cantabria Aix-Marseille University Universidad Autónoma de Madrid Luxembourg School of Finance, Univ. Luxembourg University of Manchester Goethe University Frankfurt University of the Basque Country Tor Vergata University European University at St. Petersburg Banco de Portugal DiSea (Università di Sassari) & CORE IRES, Université Catholique de Louvain Universitat Autonoma de Barcelona Session F.4 D.3 C.1 D.5 F.5 D.5 B.2 C.6 C.4 C.1 B.3 E.1 D.2 D.4 B.2 F.3 C.5 B.5 A.2 A.3 F.5 D.5 A.2 D.6 A.6 D.2 D.4 D.3 C.4 A.2 D.3 E.7 D.4 A.3 C.6 E.4 E.3 B.6 A.3 A.4 F.3 F.2 F.1 A.1 A.4 E.6 A.4 Author Perote, Javier Pires, Cesaltina Polanski, Arnold Powell, Owen Poyago-Theotoky, Joanna Ramos Sosa, Maria del Pino Raurich, Xavier Rivas, Javier Ruiz-Tamarit, Jose-Ramon Sajedi, Rana Sánchez-Mangas, Rocío Sánchez-Pagés, Santiago Sarpca, Sinan SARTZETAKIS, Eftichios Sastre Jiménez, Luis Silva, José Ignacio Skartados, Panagiotis Seegmuller, Thomas Tomás, Josefa Trannoy, Alain Trentinaglia De Daverio, Maria Teresa Tsakas, Nikolas Affiliation Session Tsakiris, Nikos Tsakloglou, Panos Uusküla, Lenno Vallizadeh, Ehsan Van de gaer, Dirk Varandas Ferreira, Joao Varthalitis, Petros Venditti, Alain Vergote, Wouter Vidal-Puga, Juan Vilaplana Prieto, Cristina Yilmaz, Ozgur Yoshimi, Taiyo Ziros, Nicholas University of Salamanca CEFAGE University of East Anglia University of Vienna La Trobe University, Melbourne Universidad de Málaga Universitat de Barcelona University of Bath Universitat de València European University Institute Universidad Autónoma de Madrid University of Barcelona Koç University, Istanbul University of Macedonia UNED Universitat de Girona UNIVERSITY OF CRETE AMSE GREQAM Universidad de Alicante EOP complete6 University of Milan University of Ciprus University of Ioannina Athens University of Economics and Business Bank of Estonia IAB Ghent University Aix-Marseille University University of Glasgow GREQAM CEREC, USL-B and CORE, UCLouvain Universidade de Vigo Universidad de Murcia Koc University Nanzan University University of Cyprus C.6 F.2 D.2 F.4 C.1 E.2 A.1 B.5 F.1 E.6 C.1 A.6 C.4 A.5 E.7 F.1 B.3 B.4 F.6 F.5 A.5 D.3 D.5 B.1 C.3 A.2 B.1 C.5 E.6 B.4 C.2 A.3 B.3 C.2 E.3 B.5 Zuazu-Bermejo, Izaskun University of the Basque Country UPV/EHU E.2