Program for the 35th Meeting of the Norwegian Association for Economists (Forskermøtet) University of Stavanger 7-8 January, 2013 Monday, January 7 08.45: Bus departs from Hotel Atlantic to the university 9.00-9.30: Registration Lobby 9.30-9.45: Welcome by Rector Marit Boyesen V-101 9.45-10.30: Mari Rege: Motivation and Relative Earnings V-101 10.45-12.45: Parallel sessions I Invited session: International trade Contributed sessions: Climate Labor Incentives and Behavior Public Investments and Management Science G-101 12.45-13.45: Lunch 13.45-15.45: Parallel sessions II Invited session: Energy Economics Contributed sessions: Growth, Productivity and R&D Migration Experiments Health Gender and Family 16.00-16.45: Christian Riis: On the 2012 Nobel laureates in economics 17.00: Bus departs from the university to Hotel Atlantic 19.00: Conference Dinner at Hotel Atlantic G-201 G-202 Ø-211 Ø-212 Ø-213 G-101 G-201 G-202 Ø-211 Ø-212 Ø-213 V-101 Tuesday, January 8 08.45: Bus departs from Hotel Atlantic to the university 9.15-11.15: Parallel sessions III Invited session: Behavioral Economics Contributed sessions: Education Fiscal Policy and Pension Method Finance Resource Economics 11.30-12.15: Imran Rasul: Can Basic Entrepreneurship Transform the Economic Lives of the Poor? G-101 G-201 G-202 Ø-211 Ø-212 Ø-213 V-101 12.15-13.15: Lunch 13.15-15.15: Parallel sessions IV Invited session: Social Insurance and Labor Supply Contributed sessions: Industrial Organization Macro Development and Economic History Housing and Commuting Environmental Economics G-101 G-201 G-202 Ø-211 Ø-212 Ø-213 Invited Session I: Monday 7 January, 10.45-12.45 INTERNATIONAL TRADE Chair: Karen Helene Ulltveit-Moe G-101 Strategic Regional Integration Kjetil Bjorvatn (with Nicola D. Coniglio and Hiroshi Kurata) Natural Resource Exports and Non-Resource Trade Torfinn Harding (with Anthony J. Venables) Why Are Exporters Cleaner? International Trade and CO2 Emissions Karen Helene Ulltveit-Moe (with Rikard Forslid and Toshihiro Okubo) Contributed Sessions I: CLIMATE Chair: Øyvind Hoveid G-201 Does a Renewable Fuel Standard for Biofuels Reduce Climate Change Costs? Knut Einar Rosendahl (with Mads Greaker and Michael Hoel) Discussant: Snorre Kverndokk Equity in Climate Policy: Can Carbon Leakage be Justified? Snorre Kverndokk (with Eric Nævdal, Linda Nøstbakken) Discussant: Katinka Kristine Holtsmark Quota Markets and the Effect of Unilateral Support of Renewables Katinka Kristine Holtsmark (with Kristoffer Midttømme) Discussant: Øyvind Hoveid Linking Models of Climate, Weather, Crops and Economic Behavior Øyvind Hoveid Discussant: Knut Einar Rosendahl LABOR Chair: Knut Løyland G-202 Lifting the Burden: State-Care of the Elderly and the Labor Supply Decisions and Mobility of MiddleAged Children Julie Riise Kolstad (with Katrine V. Løken , Shelly Lundberg) Discussant: Ola Lotherington Vestad Early Retirement and Youth Employment in Norway Ola Lotherington Vestad Discussant: Knut Løyland Parallel sessions I, 10.45-12.45 Monday 7 January, 10.45-12.45 Work for Passion - Labour Supply of Norwegian Artists Knut Løyland (with Trine Bille, Cecilie Bryld Fjællegaard) Discussant: Julie Riise Kolstad INCENTIVES AND BEHAVIOR Chair: Trude Gunnes Ø-211 Increasing Sales by Reducing Procrastination William Gilje Gjedrem Discussant: Tore Nilssen Motivating over Time: Dynamic Win Effects in Sequential Contests Tore Nilssen (with Derek J. Clark, Jan Yngve Sand) Discussant: Trude Gunnes Becoming “We” Instead of “I”: Identity Management and Incentives in the Workplace Trude Gunnes (with Jocelyn Donze) Discussant: William Gilje Gjedrem PUBLIC Chair: Trond Erik Lunder Ø-212 The Impacts of Information on Voluntary Private Contributions to Public Goods Erlend Dancke (with Eirik Romstad) Discussant: Lars-Erik Borge Local Natural Resource Curse Lars-Erik Borge (with Pernille Parmer and Ragnar Torvik) Discussant: Jo Thori Lind Rainy Day Politics. An Instrumental Variables Approach to the Effect of Parties on Political Outcomes Jo Thori Lind Discussant: Trond Erik Lunder Do Relative Prices Matter? An Experiment with Matching Grants to Norwegian Municipalities. Trond Erik Lunder (with Lars Håkonsen) Discussant: Erlend Dancke INVESTMENTS AND MANAGEMENT SCIENCE Chair: Lisa Assmann Ø-213 Effects of Ignoring Relocation Effects in the Cost-Benefit Analysis of Transportation Infrastructure Investments Inge Thorsen (with David Philip McArthur, Jan Ubøe) Discussant: Kjell Jørgensen Parallel sessions I, 10.45-12.45 Monday 7 January, 10.45-12.45 Undisclosed Orders and Market Quality Kjell Jørgensen Discussant: Lisa Assmann An Absent Speed Optimization in Crude Oil Shipping? Lisa Assmann (with Jonas Andersson and Gunnar Eskeland) Discussant: Inge Thorsen Parallel sessions I, 10.45-12.45 Invited Session II: Monday 7 January, 13.45-15.45 ENERGY ECONOMICS Chair: Petter Osmundsen G-101 Understanding Rig Rates Terje Skjerpen (with Petter Osmundsen and Knut Einar Rosendahl) Analysis and Forecasting of Electricity Price Risks with Quantile Factor Models Sjur Westgaard (with Derek Bunn, Arne Andresen, Dipeng Chen) Modeling Price Effects of Seasonal Demand Variation: Application to Energy Markets Atle Øglend (with Frank Asche and Petter Osmundsen) Contributed Sessions II: GROWTH, PRODUCTIVITY AND R&D Chair: Lampros Lamprinakis G-201 Satisfying the World’s Demand for Healthy Marine Proteins: Innovation, Productivity and Growth in Global Aquaculture Ragnar Tveterås (with Hilde Ness Sandvold) Discussant: Per Botolf Maurseth Micro Evidence on International Patenting Per Botolf Maurseth (with Roger Svensson) Discussant: Arvid Raknerud Returns to R&D in Norway. The Role of Public Grants and Subsidies Arvid Raknerud (with Ådne Cappelen and Marina Rybalka) Discussant: Lampros Lamprinakis Organizational Change and Adaptation in Cooperatives - a Qualitative Case Study Lampros Lamprinakis Discussant: Ragnar Tveterås MIGRATION Chair: Anna Godøy Economic Shocks, the Legal Environment and Work-related Migration Oddbjørn Raaum (with Bernt Bratsberg, Jon Erik Dølvik) Discussant: Jonas Kinge Assimilation Effects on Infant Mortality among Immigrants in Norway Jonas Kinge (with Tom Kornstad) Discussant: Julian Vedeler Johnsen Parallel sessions II, 13.45-15.45 G-202 Monday 7 January, 13.45-15.45 This Town ain’t Big Enough for the Both of Us? On the Urbanization of Power Couples Julian Vedeler Johnsen (with Kjell Erik Lommerud, Shelly Lundberg) Discussant: Anna Godøy Local Labor Market Characteristics and Immigrant Outcomes Anna Godøy Discussant: Oddbjørn Raaum EXPERIMENTS Chair: Karen Evelyn Hauge Ø-211 Instrumental versus Intrinsic Reciprocity Åshild Auglænd Johnsen (with Ola Kvaløy) Discussant: Stein Holden Sharing Behavior of Husbands and Wives within Families and Communities in Dictator Games: Evidence from Ethiopia Stein Holden (with Sosina Bezu) Discussant: Kristoffer W. Eriksen No Guts, No Glory: Excessesive Risk-taking in Tournaments Kristoffer W. Eriksen (with Ola Kvaløy) Discussant: Karen Evelyn Hauge Decision-Making on behalf of Others: A Public Good Game Experiment Karen Evelyn Hauge (with Ole Røgeberg) Discussant: Åshild Auglænd Johnsen HEALTH Chair: Katrine Løken Ø-212 Does Provision of Long-Term Care lead to Functionality Degradation? Theis Theisen Discussant: Astri Drange Hole Will Exposure to Competition Improve Quality of Care in the Nursing Home Industry? The Norwegian Case Astri Drange Hole Discussant: Sverre A.C Kittelsen Decomposing the Productivity Differences Between Hospitals in the Nordic Countries Sverre A.C Kittelsen (with Benny Adam Persson, Birgitte Kalseth, Kjartan S. Anthun, Øyvind Hope, Emma Medin) Discussant: Katrine Løken Smoking Bans, Maternal Smoking and Birth Outcomes Katrine Løken (with Prashant Bharadwaj, Julian V. Johnsen) Discussant: Theis Theisen Parallel sessions II, 13.45-15.45 GENDER AND FAMILY Chair: Ole Nyhus Monday 7 January, 13.45-15.45 The Effect of a Regional Tax and Family Benefit Reform on Fertility Taryn Ann Galloway (with Rannveig Vittersø Kaldager) Discussant: Venke Furre Haaland Maternal Employment and Children's Educational Attainment Venke Furre Haaland (with Mari Rege, Mark Votruba) Discussant: Astrid Kunze Why are so Few Women on Top Ranks? Astrid Kunze Discussant: Ola Nyhus Gender Differences in Competitiveness: Evidence from an Enrollment Reform Ole Nyhus (with Arnt Ove Hopland) Discussant: Taryn Ann Galloway Parallel sessions II, 13.45-15.45 Ø-213 Invited Session III: Tuesday 8 January, 09.15-11.15 BEHAVIORAL ECONOMICS Chair: Bertil Tungodden G-101 Agreement Framing and Cartel Cooperation Kjell Arne Brekke The Choice Illusion: The Freedom to Choose can Undermine the Willingness to Redistribute Alexander W. Cappelen (with Sebastian Fest, Erik Ø. Sørensen, Bertil Tungodden) Capital in Two Cultures - The Nature of Cooperation in Romania and USA Tore Ellingsen (with Benedikt Hermann, Martin A. Novak, David G. Rand, Corina E. Tarnita) Contributed Sessions III: EDUCATION Chair: Torberg Falch G-201 School Consolidation and Student Outcomes Helge Sandvig Thorsen Discussant: Rune Borgan Reiling The Disadvantage of Being One of Many: Educational Attainment and Cohort Size Rune Borgan Reiling Discussant: Arnstein Øvrum Evaluating Free School Fruit: Results from a Natural Experiment in Norway with Representative Data Arnstein Øvrum (with Elling Bere) Discussant: Torberg Falch Homework Assignment and Student Achievement in OECD Countries Torberg Falch (with Marte Rønning) Discussant: Helge Sandvig Thorsen FISCAL POLICY AND PENSIONS Chair: Christian Brinch Successful Fiscal Adjustments - Does Choice of Fiscal Instrument Matter for Successful Debt Reduction? Nina Larsson Midthjell (with Steinar Holden) Discussant: Joachim Thøgersen Endogenous Retirement and Endogenous Growth in an OLG model with PAYGO Pensions Joachim Thøgersen Discussant: Christian Brinch Parallel sessions III, 09.15-11.15 G-202 Tuesday 8 January, 09.15-11.15 Adverse Selection in a Mandatory Public Pension Scheme Christian Brinch (with Ola Vestad) Discussant: Nina Larsson Midthjell METHOD Chair: Yuko Onozaka Ø-211 A Maximum Entropy Approach to the Newsvendor Problem with Partial Information Jonas Andersson (with Kurt Jörnsten, Sigrid-Lise Nonås, Leif Sandal og Jan Ubøe) Discussant: Genaro Sucarrat EGARCH Models with Fat Tails, Skewness and Leverage Genaro Sucarrat (with Andrew Harvey) Discussant: Yuko Onozaka Structural Equation Modeling of Seafood Consumption Choices: Lifestyle, Country of Origin, and Product Perceptions Yuko Onozaka (with Håvard Hansen, Ragnar Tveterås) Discussant: Jonas Andersson FINANCE Chair: Diderik Lund Ø-212 Why do Listed Firms Pay for Market Making in Their Own Stock? Bernt Arne Ødegaard (with Johannes Skjeltorp) Discussant: Roy Endré Dahl Correlation Matters - A Study of VaR's None-Coherency and the Impact of Correlation and Volatility Roy Endré Dahl (with Frank Asche, Atle Oglend) Discussant: Gjermund Grimsby Aging Owners and CEOs Impact on Firm Performance Gjermund Grimsby Discussant: Diderik Lund A Theoretical and Empirical Analysis of Invariance Assumptions in Comparative Statics for Real Options on Oil Diderik Lund (with Ragnar Nymoen) Discussant: Bernt Arne Ødegaard RESOURCE ECONOMICS Chair: Lars Lindholt A Rational Expectations Commodity Price Model for Salmon Aquaculture Atle Øglend (with Frank Asche) Discussant: Lin Ma Parallel sessions III, 09.15-11.15 Ø-213 Tuesday 8 January, 09.15-11.15 Modelling the Oil Market: A Dynamic System of Equations Approach Lin Ma (with Rolf Golombek, Alfonso A. Irarrazabal) Discussant: Lars Lindholt The Tug-of-War between Resource Depletion and Technological Change in the Global Oil and Gas Industry 1981 - 2009 Lars Lindholt Discussant: Atle Øglend Parallel sessions III, 09.15-11.15 Invited Session IV: Tuesday 8 January, 13.15-15.15 SOCIAL INSURANCE AND LABOR SUPPLY Chair: Kjell Vaage G-101 Getting Disabled Workers Back to Work – How Important are Economic Incentives? Knut Røed (with Elisabeth Fevang and Inès Hardoy) Cash-on-Hand and the duration of job search. Quasi-experimental evidence from Norway Kjetil Telle (with Christoph Basten and Andreas Fagereng) Complementary Leisure? Spousal Spill-Over Effect of an Early Retirement Reform Kjell Vaage (with Julian Vedeler Johnsen) Contributed Sessions IV: INDUSTRIAL ORGANIZATION Chair: Lars Sørgard G-201 Redistributive Effects of Transition to Streaming of Music Sigbjørn Hjelmbrekke Discussant: Trond E. Olsen When Tougher Punishment Leads to a More Severe Crime: An Application to Antitrust Enforcement Trond E. Olsen (with Sissel Jensen, Ola Kvaløy, Lars Sørgard) Discussant: Jan Yngvar Sand Pricing of Inputs with Heterogeneous Downstream Markets and Asymmetric Information Jan Yngvar Sand Discussant: Lars Sørgard Market Segmentation in Two-Sided Markets: TV Rights for Premier League Lars Sørgard (with Hans Jarle Kind) Discussant: Sigbjørn Hjelmbrekke MACRO Chair: Per Halvor Vale A New Keynesian Framework and Wage and Price Dynamics in the US Bjørnar Karlsen Kivedal Discussant: Joakim Prestmo Real Capital Investments – Lumpy and Unpredictable? Joakim Prestmo Discussant: Erling Steigum Parallel sessions IV, 13.15-15.15 G-202 Tuesday 8 January, 13.15-15.15 Sovereign Wealth Funds for Macroeconomic Purposes Erling Steigum Discussant: Per Halvor Vale Monetary Policy after the Financial Crisis Per Halvor Vale Discussant: Bjørnar Karlsen Kivedal DEVELOPMENT, ECONOMIC HISTORY Chair: Arild Sæther Ø-211 Commodity Price Volatility: Estimating the Relationship between the International Price Volatility and the Volatility in Domestic Rice Markets in Pakistan Burhan Ahamd Discussant: Magnus Hatlebakk Poverty Dynamics in Rural Orissa: Transitions in Assets and Occupations over Generations. Magnus Hatlebakk Discussant: Anders Grøn Kjelsrud A Behavioral Approach to the Estimation of Poverty in India Anders Grøn Kjelsrud (with Ingvild Almås, Rohini Somanathan) Discussant: Arild Sæther Samuel Pufendorf and John Locke – Two Important Political Economists? Arild Sæther Discussant: Burhan Ahamd HOUSING, COMMUTING Chair: Gunnar Eskeland Estimating Equilibrium House Prices Svein Olav Krakstad (with Are Oust) Discussant: Elin Halvorsen Take It Or Leave It? New Micro Evidence on Borrowing Based out of Home Equity Elin Halvorsen (with Erling Røed Larsen, Dag Einar Sommervoll) Discussant: Liv Osland The Suitability of Hedonic Models for Cost-Benefit Analysis: Evidence from Commuting Flows Liv Osland (with David P. McArthur, Inge Thorsen og Arnstein Gjestland.) Discussant: Gunnar Eskeland A von Thunen Model of the Commute Gunnar Eskeland Discussant: Svein Olav Krakstad Parallel sessions IV, 13.15-15.15 Ø-212 Tuesday 8 January, 13.15-15.15 ENVIRONMENTAL ECONOMICS Chair: Geir H Bjertnæs Environmental Policies in the Presence of Network Effects Kristoffer Midttømme (with Mads Greaker) Discussant: Kristine Grimsrud The Effect of Time Used in Internet CE Studies on Estimated WTP Kristine Grimsrud (with Ståle Navrud, Hanne Marie Nielsen) Discussant: Eirik Romstad Avoiding “Paying Something for Nothing”: Uncertain Performance of Conservation Programs Eirik Romstad Discussant: Geir H Bjertnæs Bio-fuel Mandate versus Favourable Taxation of Electric Cars: The Case of Norway Geir H Bjertnæs Discussant: Kristoffer Midttømme Parallel sessions IV, 13.15-15.15 Ø-213