2011 Alumni Workshop

The 2011 workshop has been cancelled.

2010 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, April 10, 2010

W401 Pappajohn Business Building

8:30 - 9:15 AM Continental Breakfast, W401 PBB

9:15 - 10:45 AM Chair: John Hejkal (Tenaska Inc.)

Yaping Shan (University of Iowa), Repeated Moral Hazard in Multistage R&D

Cheng-Zhong Qin (UC Santa Barbara), An Explicit Approach to Modeling Finite-
Order Beliefs and Applications

James Chapman (Bank of Canada), Bounding Best-Response Violations in
Discriminatory Auctions with Private Values (coauthors: David McAdams and Harry
Paarsch)

11:00 - 12:00 PM Chair: Bill Polley (Western Illinois)

Michael Sposi (University of Iowa), Trade Barriers, Relative Prices and Productivity

David Fuller (Concordia), Efficient Labor Force Participation with Search and Bargaining (coauthor: Bryan Engelhardt)

12:00 - 1:30 PM Lunch, W401 PBB

1:30 - 3:00 PM Chair: Bryce Kanago (University of Northern Iowa)

Martin Lopez-Daneri (University of Iowa), The Macroeconomic Effects of a
Negative Income tax

Latchezar Popov (University of Virginia), Capital Accumulation and Distribution in
an Economy with Private Information (coauthors: B. Ravikumar and Aubhik Khan)

Enchuan Shao (Bank of Canada), Counterfeit Quality and Verification in a Monetary Exchange (coauthor: Ben S.C. Fung)

3:00 - 3:30 PM Coffee Break, W401 PBB

3:30 - 4:30 PM Chair: Hari Govindan (University of Iowa)

Wenbiao Cai (University of Iowa), A Quantitative Investigation of Agricultural
Productivity Across Countries

Necati Tekatli (U Autonoma de Barcelona), Comovements in Corporate Waves
(coauthor: Gonul Colak)

6:00 PM Reception and Dinner at HOTEL VETRO

2009 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, April 4, 2009

W401 Pappajohn Business Building

8:30–9:15 AMContinental Breakfast, W401 PBB

9:15–10:45 AMChair: Dan Kovenock (University of Iowa)

Gagan Ghosh (University of Iowa) — Efficiency in a Class of Multi-Unit Auctions

Hikmet Gunay (University of Manitoba) — Exposure Problem in Multi-Unit Auctions

Abdullah Yavas (Pennsylvania State University) — Boom and Bust Periods in Real Estate versus Financial Markets: An Experimental Study (coauthor: Nuriddin Ikromov)

11:00–12:00 PMChair: Shawn Ulrick (Federal Trade Commission)

Piyusha Mutreja (University of Iowa) — Capital Composition, International Trade and Cross-Country Income Differences

Michael Waugh (NYU Stern and Federal Reserve Bank of Minneapolis) — Specialization, Economic Development and Aggregate Productivity Differences (coauthor: David Lagakos)

12:00–1:30 PMLunch, W401 PBB

1:30–3:00 PMChair: Bryce Kanago (University of Northern Iowa)

Todd Walker (Indiana University) — Fiscal Foresight and Information Flows (coauthors: Eric Leeper and Shu-Chun Yang)

James Chapman (Bank of Canada) — Central Bank Haircut Policy (coauthors: Jonathan Chiu and Miguel Molico)

James Feigenbaum (University of Pittsburgh) — Optimal Irrational Behavior (coauthors: James Feigenbaum, Frank Caliendo, and Emin Gahramanov)

3:00–3:30 PMCoffee Break, W401 PBB

3:30–4:30 PMChair: Dave DeJong (University of Pittsburgh)

Ahmet Akyol (York University) — Consumption and Credit in a Life-Cycle Model with Limited Commitment (coauthor: Kartik Athreya)

Nicole Simpson (Colgate University) — The Market for Private School Loans: The Intergenerational Transmission of Credit Scores (coauthor: Felicia Ionescu)

6:00 PMReception and Dinner at Hotel Vetro

2008 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, March 29, 2008

W401 Pappajohn Business Building

8:30–9:30 AMContinental Breakfast, W401 PBB

9:30–10:30 AMChair: Hari Govindan (University of Iowa)

Brent Hickman (University of Iowa) — Electronic Auctions

Andriy Norets (Princeton University) — Bayesian Estimation of Heterogeneous Preferences in Simple Game-theoretic Models

10:45–12:15Chair: Christopher Otrok (University of Virginia)

Young Sik Kim (Seoul National University) — Quantitative Implications of Liquidity Constraints for Asset Prices and Monetary Policy (coauthor: Won Jun Nah)

Christopher J. Neely (Federal Reserve Bank of St. Louis) — The Dynamic Interaction of Order Flows and the CAD/USD Exchange Rate (coauthor: Nikola Gradojevic)

Bryce Kanago (University of Northern Iowa) — The Natural Rate of Unemployment: A Dynamic Panel Analysis of Cross-State Data (coauthor: George Davis)

12:15–1:30 PMLunch, W401 PBB

1:30–2:30 PMChair: Pedro Silos (Federal Reserve Bank of Atlanta)

John Hejkal (University of Iowa) — Diffusion and Long-Run Mortality Decline

German Cubas (University of Iowa) — Accounting for Cross-Country Income Differences with Public Capital

2:30–3:30 PMChair: Linda Wong (SUNY Binghamton)

Felicia Ionescu (Colgate University) and Linnea Polgreen (University of Iowa) — Brain Drain and Public Funding for Higher Education in the U.S.

Kartik Athreya (Federal Reserve Bank of Richmond), A Quantitative Theory of Information and Unsecured Credit (coauthors: Xuan Tam and Eric Young)

3:30–4:00 PMCoffee Break, W401 PBB

4:00–4:30 PMChair: Dwight Steward (Econ One Research)

Thomas Rietz (University of Iowa), Product Market Efficiency: The Bright Side of Myopic, Uninformed, and Passive External Finance (coauthors: Thomas H. Noe and Michael J. Rebello)

6:00 PMReception and Dinner at Hotel Vetro

2007 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, March 31, 2007

8:30–9:30 AM Continental Breakfast, W401 PBB

9:30–10:30 AMChair: Gabriele Camera (University of Iowa)

James Chapman (Bank of Canada) — Rediscounting under Aggregate Risk with Moral Hazard (coauthor: Antoine Martin)

Christoper Otrok (University of Virginia) — Optimal Monetary Policy in a Medium Scale Model for Emerging Markets (coauthors: Gianluca Benigno, Alessandro Rebucci and Eric R. Young)

10:45–12:15Chair: Ayca Kaya (University of Iowa)

Latchezar Popov (University of Iowa) — Stochastic Costly State Verification and Dynamic Contracts

Barry Sopher (Rutgers University) — Consistency and Aggregation in Individual Choice Under Uncertainty (coauthor: Jeff Birchby)

Subir K. Chakrabarti (Indiana University-Purdue University Indianapolis) — Collusive Equilibrium in Cournot Oligopolies with Unknown Costs

12:15–1:30 PM Lunch, W401 PBB

1:30–2:30 PMChair: Elena Pastorino (University of Iowa)

Mark R. Kurt (University of Iowa) — Directed Search and the Inter-industry Wage Differential

Dwight Steward (Econ One Research) — How Long Do Mexican Migrants Work in the U.S.? (coauthors: Amy Raub and Jean Elliott)

2:30–3:30 PMChair: Cheng Wang (Iowa State University)

James Feigenbaum (University of Pittsburgh) — Information Shocks and Precautionary Saving

Yi Wen (Federal Reserve Bank of St. Louis) — Endogenous Volatility, Endogenous Growth, and Large Welfare Gains from Stabilization Policies (coauthor: Peng-fei Wang)

3:30–4:00 PM Coffee Break, W401 PBB

4:00–5:00 PMChair: Felicia Ionescu (Colgate University)

David Fuller (University of Iowa), Optimal Employment Insurance with Adverse Selection

Ahmet Akyol (York University) and Kartik Athreya (Federal Reserve Bank of Richmond), Unsecured Credit and Self-Employment

6:00 PMReception and Dinner at HOTEL VETRO

2006 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, April 1, 2006

W401 Pappajohn Business Building

9:00-9:45 AM   -   Coffee and Muffins, W401 PBB

9:45-10:45 AM   -  Chair: Marina Azzimonti

Linnea Polgreen (University of Iowa) & Pedro Silos (Federal Reserve Bank of Atlanta), Crude Substitution: The Cyclical Dynamics of Oil Prices and the College Premium

Bryan Engelhardt (University of Iowa), Guillaume Rocheteau, & Peter Rupert, Crime and the Labor Market

10:45-11:45  - Chair: Raymond Reizman

M. Ayhan Kose (International Monetary Fund) & S. Henry Kim, "How to Liberalize? How to Reform?"

Mike Waugh (University of Iowa), International Trade and Income Differences

12:00-1:30 PM   -   LUNCH

1:30-2:30 PM   -   Chair: Steve Williamson

Cheng Wang (Iowa State University), Termination of Dynamic Contracts in an Equilibrium Labor Market Model

Enchuan Shao (University of Iowa) & B. Ravikumar, Search Frictions and Asset Price Volatility

2:30-3:00 PM   -  COFFEE BREAK, W401 PBB

3:00-4:00 PM   -  Chair: Fernando Leiva

William Polley (Western Illinois University) & Jeff Owen, Do Stadium Subsidies Help Teams Win?

Thomas Rietz (University of Iowa, Finance Dept.), Joyce Berg, & George Neumann, Searching for Google’s Value: Using Prediction Markets to Forecast Market Capitalization Prior to an Initial Public Offering

6:00 PM   -  RECEPTION AND DINNER at hotelVetro

2005 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, April 9, 2005

8:30-9:00 am COFFEE AND JUICE

9:00-10:30 am Chair: Dave DeJong (University of Pittsburgh)

Bill Even (Miami University), Causes and Consequences of Pension Investments in Employer Stock.

Ben Russo (UNC Charlotte), Dynamic Long-run Elasticities of Taxable Income: An Innovation-based Analysis of Supply-side Economics.

Dwight Steward (Econ One), Economics and economists in the U.S. legal system: A view from the trenches.

10:45-12:15 pm Chair: Santhi Hejeebu (Cornell College)

Mary Beth Combs (Fordham University), They Lived and Saved: Evidence of the Bequest Motive for Saving Among Wives of Shopkeepers in Late Nineteenth Century Britain.

Pete Summers (University of Melbourne), Regime switches in GDP growth and volatility: some international evidence and implications for modeling business cycles.

Chris Neely (Federal Reserve Bank of St. Louis), Identifying the Effects of Central Bank Intervention.

12:15-1:30 pm LUNCH: W401

1:30-2:30 pmChair: TBA

Student paper session I; Ionescu, Stavrunova

2:30-2:45 pmCOFFEE BREAK

2:45-3:45 pm Chair: TBA

Student paper session II: Tekatli, Walker

4:00-5:30 Chair: James Feigenbaum (University of Pittsburgh)

Troy Tassier (Fordham University), The Existence and Stability of Equilibria in the Groves Ledyard Mechanism.

Martin Sefton (Nottingham University), Hierarchy and Opportunism in Teams.

Abdullah Yavas (Pennsylvania State University), Productivity and Overcrowding in Tournaments: An Experimental Analysis

6:00 pm RECEPTION and DINNER: Iowa City Sheraton

2004 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, April 17, 2004

8:30-9:15 am BREAKFAST, W401 PBB

9:15-10:30 am Chair:

Linnea Polgreen (University of Iowa), Migration and Wages

Kenneth Beauchemin (SUNY, Albany) and Murat Tasci, Probing the Dark Energy of the U.S. Labor Market

10:45-12:00 noon Chair:

Yi Jin (University of Kansas), Indeterminacy in a Two-Country Model of Business Cycles: Explaining International Comovement

Yi Wen (Cornell University), What Does it Take to Explain Procyclical Productivity?

12:00-1:30 pmLUNCH

1:30-2:45 pm Chair:

Henrik Orzen and Martin Sefton (University of Nottingham), Mixed Pricing in Oligopoly: An Experiment

Lisa B. Tilis (John Jay College of Criminal Justice, City University of New York), What are Audits Worth, A Capital Markets Perspective

2:45-3:00 pm COFFEE BREAK, W401 PBB

3:00-4:15 pmChair:

James Chapman (University of Iowa), The Market Microstructure of Canadian Overnight Rates

David N. DeJong (University of Pittsburgh), Roman Liesenfeld and Jean-Francois Richard, Timing Structural Change:  A Conditional Probabilistic Approach

4:15-5:30 pm Chair:

William Blankenau (Kansas State University) and Steven Cassou, Labor Market trends with balanced growth

James Feigenbaum (University of Pittsburgh) and James Bullard, A Leisurely Reading of the Life-Cycle Consumption Data

6:00 pm Reception and Dinner

2003 Iowa Alumni Workshop

Sponsored by the Clarence Tow Fund

Saturday, May 10, 2003

8:30-9:15 am BREAKFAST

9:15-10:30 am Chair: Gabriele Camera (Purdue University)

Kartik Athreya (Federal Reserve Bank of Richmond) and Nicole Simpson (Colgate University), Personal Bankruptcy and Unemployment Insurance with Moral Hazard

Christopher Otrok (University of Virginia) and Marco Del Negro, Dynamic Factor Models with Time-Varying Parameters: Measuring the Evolution of the European Business Cycle

10:45-12:00 noon Chair: TBA
Pedro Silos (University of Iowa), Assessing Markov Chain Approximations: A Minimal Econometric Approach

Sokbae Lee (University College London), Semiparametric Estimation of Panel Data Duration Models with Fixed Effects

12:00-1:30 pmLUNCH at Devotay, 117 N Linn Street

1:30-2:45 pm Chair: Ahmet Akyol (York University)
John Levendis (University of Iowa), The Structure of Slave Prices in New Orleans, a Second Look
Metin Cosgel (University of Connecticut), Risk, Transaction Costs, and the Economics of Ottoman Taxation

2:45-3:00 pm COFFEE BREAK

3:00-4:15 pmChair: William Blankenau (Kansas State University)

Hikmet Gunay (University of Iowa), Beliefs, Prices and Market Collapse

William Polley (Bradley University), Jannett Highfill and Robert Scott, Reservation Prices to Market Demand: The Weibull Distribution

4:30-5:45 pm Chair: Thomas Rietz (University of Iowa, Finance)
Sudeep Ghosh (Colgate University), Experimental Investigation of Optimal Learning in Variable Frame Games
Allan Wurtz (University of Aarhus) and Forrest Nelson (University of Iowa), Uncertainty of Predictions Based on Experimental Markets

6:15 pm Reception and Dinner: State Room, Iowa Memorial Union