7th International Conference of the Society for Computational Economics

June 28-29, 2001

THURSDAY
SESSION 1. AGENT-BASED COMPUTATIONAL FINANCE
  Blake LeBaron (Brandeis University), “Volatility Magnification and Persistence in an Agent Based Financial Market”
  Manfred Gilli (University of Geneva), “Indirect Estimation of the Parameters of Agent Based Models of Financial Markets”
  Sorin Solomon (Hebrew University), “Market Ecology, Pareto Wealth Distribution and Leptokurtic Returns in the LLS Stock Market Model”
  Guo Ying Luo (Rutgers University), “Evolution, Efficiency and Noise Traders in a One-Sided Auction Market”
SESSION 2. FORECASTING, REAL-TIME DATA AND MONETARY POLICY
  Dean Croushore (Federal Reserve Bank of Philadelphia), “Forecasting with a Real-Time Data Set for Macroeconomists”
  Gunter Coenen (European Central Bank), “Evaluating Information Variables for Monetary Policy in a Noisy Economic Environment”
  Athanasios Orphanides (Federal Reserve Board), “Monetary Policy Rules, Macroeconmic Stability and Inflation: A View from the Trenches”
  John Williams (Federal Reserve Board), “Measuring the Natural Rate of Interest”
SESSION 3. COMPUTATION AND DYNAMIC GAMES
  Andreas Novak (University of Vienna), “Extortion as an Obstacle to Economic Growth: A Dynamic Game Analysis”
    Discussant: Kenneth Judd (Hoover Institution)
  Armando Gomes Gomes (University of Pennsylvania), “Multilateral Negotiations and Formation of Coalitions”
    Discussant: Kenneth Judd (Hoover Institution)
  Désiré Vencatachellum (HEC, Université de Montréal), “Dynamic Production Teams with Strategic Behavior”
    Discussant: Kenneth Judd (Hoover Institution)
  Ulrich Doraszekski (Northwestern University), “An R&D Race with Learning and Forgetting”
    Discussant: Kenneth Judd (Hoover Institution)
SESSION 4. COMPUTATIONAL ECONOMETRICS AND STATISTICS I: Estimation and Simulation
  Jenny Li (Penn State University), “Quasi Monte Carlo Methods for Macroeconometric Simulation”
  Siem Jan Koopman (Free University, Amsterdam), “An Efficient and Simple Simulation Smoother For State Space Time Series Analysis”
  Nikolay Gospodinov (Concordia University), “Nonparametric Likelihood Methods for Estimation and Inference in Moment Condition Models with Weak Instruments”
SESSION 5. EMPIRICAL AND NUMERICAL IO MODELS
  Ralph Siebert (WZB), “Testing for Asymmetric Dynamic Oligopoly Models”
  Ralph Siebert (WZB), “Strategic Choice of Partners: Research Joint Ventures and Market Power”
  Philip Auerswald (Harvard University), “The Complexity of Production, Technological Volatility and Inter-Industry Differences in the Persistence of Profits Above the Norm”
  Kislaya Prasad (Florida State University), “Stable Risk Sharing”
SESSION 6. HOUSING AND LAND
  Brian Krauth (Simon Fraser University), “Small Neighborhoods”
  Heikki Kauppi, “Housing Markets, Liquidity Constraints and Labor Mobility”
  Sharon I. O’Donnell (University of Houston), “The Diversity of Neighborhood Transitions”
  Martin Diedrich (Keele University), “Land Rents and Competitive Equilibrium”
SESSION 7. DYNAMIC STRUCTURAL MODELS IN LABOR, IO AND HEALTH ECONOMICS
  Linda Wong (SUNY Binghamton), “Structural Estimation of Marriage Models”
  Reuven Shnaps (University of Pennsylvania), “Estimating the Effect of Smoking on Birth Weight in a Dynamic Model when Fertility is a Choice”
  Frank Heiland (SUNY Stony Brook), “Measuring the Value of Children by Birth Order and Infant Health”
SESSION 8. ECONOMICS OF DIGITAL COMMERCE
  Kanta Matsuura (University of Tokyo), “Digital Security Tokens and Their Derivatives”
  Mario Eboli (University of Naples II), “Imitation and the Diffusion of Innovation in E-commerce”
  Mark Kennet (George Washington University), “Calculating the Long-run Incremental Cost of Interconnection Using a Network Cost Simulation Model”
  Richard Hawkins (Pennsylvania State University, Dubois), “The Economics of Free and Open Source Software”
SESSION 9. TERM STRUCTURE METHODOLOGIES
  Christian Richter (University of Strathclyde), “Spectral Analysis as a Tool for Financial Policy: An Analysis of the Short-End of the British Term Structure”
  J. Huston McCulloch (Ohio State University), “The Inflation Premium Implicit in the US Real and Nominal Term Structures of Interest Rates”
  Robert Connolly (University of North Carolina–Chapel Hill), “Is There More to Long Memory in Fixed-Income Excess Returns and Volatility than Structural Instability?”
SESSION 10. GARCH MODELLING
  Jurgen Doornik (Nuffield College), “Multimodality and the GARCH Likelihood”
  Jean-Philippe Peters (University of Liege), “GARCH 2.0: An Ox Package for Estimating and ForecastingVarious ARCH Models”
  Charles Tapiero (ESSEC and Math Finance Inst. of Montreal), “The Inverse Range Process in a Random Volatility Random Walk”
SESSION 11. STATISTICAL MECHANICS OF AGENT INTERACTION
  Giovanna Devetag (University of Trento), “Adaptive Learning and Emergent Coordination in Minority Games”
  Neil Johnson (Oxford University), “Profit Opportunities, Crash Prediction and Risk Minimization in Artificial and Real-world Markets”
  Giulia Iori (King’s College), “Interbank Lending, Reserve Requirements and Systemic Risk”
  Taisei Kaizoji (University of Kiel), “An Interacting-Agents Approach to International Financial Contagion”
SESSION 12. VOLATILITY AND RETURNS
  Thomas Lux (University of Kiel), “The Multi-Fractal Model of Asset Returns: Simple Moment and GMM Estimation”
  Laurens Swinkels (Tilburg University), “Return-based Style Analysis with Time-varying Exposures”
  Cars Hommes (University of Amsterdam), “Success and Failure of Technical Trading Strategies in the Cocoa Futures Market”
SESSION 13. DYNAMIC MODELS OF HEALTH AND INSURANCE
  Eric French (Federal Reserve Bank of Chicago), “The Effects of Health Insurance and Self-Insurance on Retirement Behavior”
    Discussant: Frank Heiland (SUNY Stony Brook)
  Ahmed Khwaja (University of Minnesota), “Health Insurance, Habits and Health Outcomes: A Dynamic Stochastic Model of Investment in Health”
    Discussant: Eric French (Federal Reserve Bank of Chicago)
  Peter Arcidiacono (Duke University), “Living Rationally Under the Volcano? Heavy Drinking and Smoking Among the Elderly”
    Discussant: Eugene Choo (Yale University)
SESSION 14. COMPUTATIONAL MACRO MODELLING II: Monetary Policy
  Stefano Siviero (Banca d’Italia), “Identifying the Monetary Policy Tranmission Channels: The Role of Simultaneity, Model Nonlinearity, Expectation Formation Mechanisms and Policy Rules”
  Eric Schaling (RAU), “New Economy: New Policy Rules?”
  Robert Tetlow (Federal Reserve Board), “Avoiding Nash Inflation: Does Robust Policy Help?”
SESSION 15. COMPUTATIONAL MACRO MODELLING I: Solution Methods
  Richard Dennis (Federal Reserve Bank of San Francisco), “Solving for Optimal Simple Rules in Rational Expectations Models”
  Michael Haliassos (University of Cyprus), “Calibration and Computation of Household Portfolio Models”
  Michel Juillard (CEPREMAP and University Paris 8), “DYNARE: A Program for the Simulation of Rational Expectation Models”
  Kenneth Judd (Hoover Institution), “Parametric Path Method: An alternative to Fair-Taylor and L-B-J for Solving Perfect Foresight Models”
SESSION 16. SIMULATION-BASED INFERENCE
  Patrick Waelbroeck (CREST), “Econometric Analysis of the Sequential Probit Model with an Application to Innovation Surveys”
  Jiahui Wang (Insightful Corporation), “One-Step and Two-Step Efficient Estimates of Multinomial Probit Models Based on Simulation: Some Asymptotic and Finite Sample Results”
SESSION 17. COWLES FOUNDATION LECTURE
  Herbert Scarf, “Indivisibilities in Production: The Basic Computational Problem”
SESSION 18. INTEGRATED AND COINTEGRATED PROCESSES
  Katsuhiro Sugita (University of Warwick), “Bayes Analysis of Partially Cointegrated VAR Systems with Markov Regime Switching”
  Uwe Hassler (Free University of Berlin), “Inference on the Cointegration Rank in Fractionally Integrated Processes”
  Nikolay Gospodinov (Concordia University), “Asymptotic Confidence Intervals for Impulse Responses of Near-Integrated Processes: An Application to Purchasing Power Parity”
  Romulo Chumacero (University of Chile), “Testing For Unit Roots Using Economics”
SESSION 19. PARALLEL IMPLEMENTATION AND NUMERICAL METHODS FOR LARGE SCALE PROBLEMS
  Gary Anderson (Board of Governors, Federal Reserve), “Algorithmic Design and Beowulf Cluster Implementation of Stochastic Simulation Code of Stochastic Simulation Code for Large Scale Non Linear Models”
  Alex Michaelides (University of Cyprus), “Parallelization and Performance of Portfolio Choice Models”
  Christopher Ferrall (Queen’s University), “Solving and Estimating Finite Mixture Models in Parallel”
SESSION 20. COMPUTATIONAL MACRO MODELLING IV: Heterogeneous Agents
  Michael Binder (University of Maryland), “Cross-Sectional Aggregation of Nonlinear Dynamic Models and Aggregate Consumption Dynamics”
  Michael Reiter (Universitat Pompeu Fabra), “Recursive Solution of Heterogeneous Agent Models”
  Michael Haliassos (University of Cyprus), “Debt Revolvers for Self-Control”
SESSION 21. COMPUTATIONAL MACRO MODELLING III: Expectation Formation
  SaangJoon Baak (International University of Japan), “Dynamics of a Market with Market Participants Switching Their Expectation Formation Functions: an Empirical Application to the U.S. Hog Market”
  Luca Colombo (Università Cattolica), “The Phillips Curve as a Long-Run Phenomenon in a Macroeconomic Model with Complex Dynamics”
  Christophre Georges (Hamilton College), “Learning Dynamics in an Artificial Currency Market”
  Eric Ringhut (University Muenster), “Complex Dynamics and Adaptive Fuzzy Rule-based Expectations — Economic Simulations with GENEFER”
SESSION 22. DERIVATIVE PRICING
  Chandrasekhar Gukhal (Cornell University), “The Compound Option Approach to American Options on Jump-Diffusions”
  Dietmar Leisen (McGill University), “A Partial Equilibrium Model of Option Markets”
  Grace Kuan (University of Warwick), “Pricing Barrier Bond Options with One-factor Interest Rate Models”
  Sudarshan Gururaj (Yale University), “Pricing Exotic Options with Fast Approximation Methods”
SESSION 23. COMPUTATIONAL MODELS IN AGRICULTURAL AND ENVIRONMENTAL ECONOMICS
  Alfons Balmann (Humboldt-University Berlin), “Adjustment Costs of Agri-Environmental Policy Switchings: A Multi-Agent Approach”
  Jiangfeng Zhang (University of California, Berkeley), “Bayesian Learning and the Regulation of Greenhouse Gas Emissions”
  Dawn Parker (Indiana University), “Measuring Emergent Properties of Agent-Based Land Cover/and Land Use Models Using Spatial Metrics”
  Joelle Noailly (Free University Amsterdam/Tinbergen Inst.), “Evolution of Harvesting Strategies: Replicator and Resource Dynamics”
SESSION 24. DYNAMIC MODELS WITH MULTIPLE EQUILIBRIA: Computational Methods
  Willi Semmler (CEM, Bielefeld Univ./New School Univer.), “History Dependence and Global Dynamics in Models with Multiple Equilibria”
    Discussant: Jess Benhabib (NYU)
  Thorsten Pampel (University of Bielefeld), “Dynamic Optimization and Skiba Sets in Economic Examples”
    Discussant: Jess Benhabib (NYU)
  Josef L Haunschmied (Vienna University of Technology), “A Numerically Computed DNS-curve in a Two State Capital Accumulation Model”
    Discussant: Jess Benhabib (NYU)
  Peter Kort (Tilburg University), “Multiple Equilibria and Thresholds due to Adjustment Costs”
    Discussant: Jess Benhabib (NYU)
SESSION 25. BUSINESS CYCLES AND INCOMPLETE MARKETS
  Yann Algan (EUREQua, Université Paris 1), “The Welfare Benefits of Unemployment Insurance and Precautionary Savings over the Business Cycle”
  Francesc Obiols-Homs (ITAM), “Incomplete Unemployment Insurance and Aggregate Fluctuations”
  Michel Robe (Kogod School of Business, American University), “Magnitude X on the Richter Scale: Welfare Cost of Business Cycles in Developing Countries”
  Marcelo Bianconi (Tufts University), “The Impact of Idiosyncratic Shocks on Welfare and Asset Returns in a Stochastically Growing Economy”
SESSION 26. AGENT-BASED MODELING OF EVOLUTIONARY MARKETS
  Myong-Hun Chang (Cleveland State University), “Consumer Search, Competition, and the Organizational Structure of Multi-Unit Firms”
  Fernando Oliveira (London Business School), “An Application of Agent-based Simulation to the New Electricity Trading Arrangements of England and Wales”
  Mark Pingle (University of Nevada), “Unemployment Insurance and the Evolution of Worker-Employer Cooperation: Experiments with Real and Artificial Agents”
  Christopher Birchenall (University of Manchester), “Economic Dynamics with Heterogeneous Agents”
SESSION 27. AGENT-BASED MODELING OF COMMUNITY FORMATION AND THE DISTRIBUTION OF INCOME AND WEALTH
  Robert Axtell (The Brookings Institution), “Emergent Cities: A Microeconomic Explanation for Zipf’s Law”
  Al Wilhite (University of Alabama in Huntsville), “Seeking Protection and the Origin of the State”
  Martin G. Zimmermann (University of Buenos Aires), “Evolution of Cooperative Networks and the Emergence of Leadership”
  Charlotte Bruun (Aalborg University), “Growth versus Equality in Agent-Based Macro Models”
SESSION 28. SCALING AND POWER-LAWS IN ECONOMICS
  Sorin Solomon (Hebrew University), “Power, Levy, Exponential and Gaussian Regimes in Autocatalytic Financial Systems”
  Fabrizo Lillo (Palermo University), “Variety of Behavior of Equity Returns in Financial Markets”
  Mishael Milakovic (New School University), “A Statistical Equilibrium Model of Wealth Distribution”
SESSION 29. HEURISTIC OPTIMIZATION IN FINANCE
  John-Paul Marney (University of Paisley), “Risk Adjusted Returns to Technical Trading Rules: a Genetic Programming Approach”
  Alfons Balmann (Humboldt-University Berlin), “Studying Real Options with Genetic Algorithms”
  Manfred Gilli (University of Geneva), “Threshold Accepting for Index Tracking”
SESSION 30. MACROECONOMIS AND DISTRIBUTION
  Christopher Otrok (University of Virginia), “Spectral Implications of Security Market Data for Models of Dynamic Economies”
  Erdem Basci (Bilkent University), “Social Recommendations Rather than Social Values”
  Radim Bohacek (CERGE), “Efficiency and Equality in a Welfare State Economy”
  Michael Reiter (Universitat Pompeu Fabra), “Stabilization versus Insurance”
SESSION 31. FISCAL POLICY DYNAMICS WITH AND WITHOUT UNCERTAINTY
  Toke Ward Petersen (University of Copenhagen), “General Equilibrium Tax Policy with Hyperbolic Consumers”
  Irina Yakadina (UPF), “Optimal Capital-Labor Taxes under Uncertainty and Default Constraints of the Government”
  Ayla Yilmaz (University of Pittsburgh), “Public Investment in Human Capital: Insurance Benefit versus Tax Distortions”
  Laurence Kotlikoff (Boston University), “Fiscal Policy and Aggregate Uncertainty”
SESSION 32. MODELS OF SEARCH AND HUMAN CAPITAL
  Robert Hussey (Georgetown University), “Evaluating Business Cycle Models with Labor Market Search”
  Wouter Denhaan (UCSD), “Shocks and Institutions in a Job Market Model”
  Sisira Sarma (University of Manitoba), “Numerical Methods for the Solution of a Human Capital Model”
  Hugo Benitez-Silva (SUNY-Stony Brook), “A Dynamic Model of Job Search Behavior over the Life Cycle with Empirical Applications”
FRIDAY
SESSION 33. AGENT-BASED MODELING OF AUTOMATED MARKETS AND PRICING PROTOCOLS
  Utku Unver (Koç University), “Internet Auctions with Artificial Adaptive Agents”
  Zhangxi Lin (Texas Tech University), “Agent-Based Simulation of C2C Internet Auctions with Online Escrow”
  Christian Shelton (MIT), “An Adaptive Electronic Market-Maker”
  Robert Gazzale (University of Michigan), “Information Bundling in a Dynamic Environment”
SESSION 34. MONETARY POLICY WITH IMPERFECT KNOWLEDGE
  Frank Smets (European Central Bank), “Uncertain Potential Output: Implications for Monetary Policy”
  Ruben Mercado (U.A.D.E.), “The Timing of Uncertainty and The Intensity of Policy”
  Volker Wieland (Goethe Universitaet Frankfurt am Main), “Learning, Stabilization and Credibility: Optimal Monetary Policy in a Changing Economy”
  John Williams (Federal Reserve Board), “Monetary Policy with Imperfect Knowledge”
SESSION 35. COMPUTATIONAL ECONOMETRICS AND STATISTICS II: Panel Data
  Ana-Maria Fuertes (City University Business School), “Between-Group Dependence in PPP Equations and its Causes: A Principal Components Approach”
  Tiemen Woutersen (University of Western Ontario), “Robustness Against Priors and Mixing Distributions”
  Jerry Coakley (University of Essex), “Small Sample Properties of Panel Time-series Estimators with I(1) Errors”
  Michael Binder (University of Maryland), “Estimation and Inference in Short Panel Vector Autoregressions with Unit Roots and Cointegration”
SESSION 36. OPTIMAL MONETARY POLICY DESIGN
  Christophe Deissenberg (Université de la Méditerranée), “Pareto-Improving Cheating in an Economic Policy Game”
  Ric Herbert (University of Newcastle, Australia), “Constrained Optimal Control Under Limited Knowledge”
  Yunus Aksoy (Uni Frankfurt), “Real Exchange Rates and Monetary Policymaking in the EMU”
SESSION 37. COMPUTATIONAL MACRO MODELLING V: Growth and Cycles
  Baoline Chen (Rutgers University), “Estimation of Poorly-Measured Service-Industry Output”
  Serdar Sayan (Bilkent University), “A Comparative Evaluation of the Performances of Different Filtering Techniques in Business Cycle Identification”
SESSION 38. DIFFUSION EQUATIONS — ADVANCED TECHNIQUES
  Marina Resta (University of Genova), “Portfolio Selection Models Driven by Non Gaussian Price Dynamics”
  Esben Hoeg (Aarhus School of Business), “Estimation of Diffusions Using Wavelet Scaling Methods”
SESSION 39. ISSUES IN BUSINESS CYCLE ANALYSIS
  Stefano Zambelli (Aalborg University-Denmark), “The 40% Neoclassical Aggregate Theory of Production”
  M. Ayhan Kose (Brandeis University), “How Different is the Cyclical Behavior of Home Production Across Countries?”
  Toshiya Ishikawa (Kyushu Kyoritsu University), “Technology Diffusion, Intertemporal Substitution, and Business Cycles”
  Christopher Erceg (Federal Reserve Board), “Imperfect Credibility and Inflation Persistence”
SESSION 40. EXPECTATIONS AND GAMES
  Frank Westerhoff (University of Osnabrueck), “Expectations Driven Distortions in the Foreign Exchange Market”
  Peter Zadrozny (Bureau of Labor Statistics), “An Anticipative Feedback Solution for Infinite-Horizon Linear-Quadratic Dynamic Stackelberg Games”
  Gary Anderson (Board of Governors, Federal Reserve), “Practical Symbolic Algebra Techniques for Solving Moderate Sized Linear Rational Expectations Models”
  Roy van der Weide (CeNDEF, University of Amsterdam), “Asset Pricing with a Continuum of Belief Types”
SESSION 41. PORTFOLIO CHIOCE AND ASSET PRICES
  Qi Zeng (University of Pennsylvania), “Equilibrium Stock Return Dynamics Under Alternative Rules of Learning About Hidden States”
  Prasad Bidarkota (Kansas State University), “Consumption Asset Pricing with Stable Shocks: Exploring a Solution and Its Implications for the Equity Premium Puzzle”
  Alex Michaelides (University of Cyprus), “Portfolio Choice, Liquidity Constraints and Stock Market Mean Reversion”
  Vassil Konstantinov (University of Wyoming), “Intergenerational Risk Sharing and Asset Returns”
SESSION 42. COMPUTATIONAL MACRO MODELLING VI: Open Economies
  Jinill Kim (University of Virginia), “Spurious Welfare Reversals in International Business Cycle Models”
  Christopher Erceg (Federal Reserve Board), “The Effects of Dollarization on Macroeconomic Stability”
  Jim Nason (University of British Columbia), “The Present Value Model of the Current Account Has Been Rejected: Round Up the Usual Subjects”
  Stephen Turnovsky (University of Washington), “Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stocastically Growing Open Economy”
SESSION 43. PORTFOLIO MANAGEMENT
  Rita Laura D’Ecclesia (University of Foggia), “Modeling an Indexed Portfolio for the Italian Market”
  Chiu-Che Tseng (University of Foggia), “Refining Influence Diagram For Stock Portfolio Selection”
  Sébastien Laurent (University of Liège), “Value-at-Risk for Long and Short Trading Positions”
  Gonzalo García-Donato Layrón (University of Castilla-La Mancha), “Normal versus Student in Measuring Value at Risk. An Empirical Bayesian Overview”
SESSION 44. APPLIED MACROECONOMETRICS
  Christopher Baum (Boston College), “Exchange Rate Effects on the Volume of Trade Flows: An Empirical Analysis Employing High-Frequency Data”
  Hans-Martin Krolzig (University of Oxford), “General-to-Specific Reductions of Vector Autoregressive Processes”
  Maral Kichian (Bank of Canada), “On Inflation and the Persistence of Shocks to Output”
  Jim Engle-Warnick (Nuffield College, Oxford University), “Multiple Regimes in U.S. Monetary Policy? A Nonparametric Approach”
SESSION 45. HIGHER ORDER MOMENTS IN FINANCE
  Cars Hommes (University of Amsterdam), “Evolutionary Dynamics in Financial Markets with Many Trader Types”
  Chung-Chih Liao (AI-ECON Research Center), “Agent-Based Modeling of Price Discovery and Excessive Volatility in Financial Markets”
  Nalan Gulpinar (Imperial College), “Simulation and Optimization Approaches to Scenario Tree Generation”
  Renato Flôres (FGV), “Finding a Maximum Skewness Portfolio”
SESSION 46. OPTIMIZATION METHODS
  Suheyla Ozyildirim (Bilkent University), “Optimal Discretization of Continuous-Time Control Problems”
    Discussant: Max Jerrell (Northern Arizona University)
  Max Jerrell (Northern Arizona University), “The Network-Enabled Optimization System (NEOS) — A Means of Solving Optimization Problems over the Internet”
    Discussant: Andreas J. Novak (University of Vienna)
  Andreas J. Novak (University of Vienna), “Increasing Returns and Cycles in Fishing”
    Discussant: Bruce McCullough (Drexel University)
  Bruce McCullough (Drexel University), “Diagnosing Failure: When is an Estimation Problem Too Large for a PC?”
    Discussant: Suheyla Ozyildirim (Bilkent University)
SESSION 47. COMPUTATIONS IN ECONOMIC GROWTH
  Christiane Clemens (University of Hannover), “Government Expenditure and Long-Run Stochastic Growth”
  Pierre Le Mouël (ERASME-EUREQua, University of Paris I), “Semi Endogenous Growth in a Computable General Equilibrium Approach”
  Fernando Tohme (Universidad Nacional del Sur), “Economic Evolution and Structural Changes: a Non-Linear Model of Responses to Changes of Demand”
  Miloslav Vosvrda (Academy of Sciences), “Bifurcation Routes and Economic Stability”
SESSION 48. JOURNAL OF APPLIED ECONOMETRICS LECTURE
  Laurence Kotlikoff, “The Coming Generational Storm”
SESSION 49. LEARNING IN MARKETS
  Tad Hogg (HP Labs), “Using Unsuccessful Auction Bids to Identify Latent Demand”
  Koye Somefun (CWI), “Posted Offer versus Bargaining: An Example of how Institutions can Facilitate Learning”
  David van Bragt (CWI), “Evolving Automata Negotiate with a Variety of Opponents”
SESSION 50. MODELS OF INTERNATIONAL TRADE AND FINANCE
  Alex Michaelides (University of Cyprus), “International Portfolio Choice and Liquidity Constraints: Can Small Information Costs Explain the Home Equity Bias Puzzle?”
  Jinill Kim (University of Virginia), “Patience, Persistence, and Welfare Costs of Incomplete Markets in Open Economies”
  Jerry Coakley (University of Essex), “Bootstrap LR Tests for Sign and Amplitude Asymmetries”
SESSION 51. NON-EQUILIBRIUM DYNAMICS IN AGENT-BASED MODELS OF FINANCIAL MARKETS
  Tony He (University of Technology, Sydney), “A Non-Stationary Asset Pricing Model under Heterogeneous Expectations”
  David Goldbaum (Rutgers University), “Market Efficiency and Learning in an Endogenously Unstable Environment”
  Doyne Farmer (Santa Fe Institute), “Market Making, Price Formation, and Technical Trading”
  Bronka Rzepkowski (CEPII), “Heterogeneous Expectations, Currency Options and the Euro/dollar Exchange Rate”
SESSION 52. COMPUTATIONAL FINANCE
  Nick Webber (University of Warwick), “Very High Order Lattice Methods for One Factor Models”
  Frank Niehaus (University of Hannover), “The Influence of Heterogeneous Preferences on Asset Prices in an Incomplete Market Model”
  Felix Kubler (Stanford University), “Asset Pricing in Models with Incomplete Markets and Default”
SESSION 53. MACROECONOMIC DYNAMICS, LEARNING AND MONETARY POLICY
  Hans Amman (Technical University Eindhoven), “Modeling the Lucas Critique as an Open Loop Feedback Process with Time-varying Parameters”
  James Yetman (Bank of Canada), “Gaining Credibility for Inflation Targets
  Stanislav Zakavoic (Imperial College), “A Worst-Case Approach to Inflation Zone Targeting”
SESSION 54. COMPUTATIONAL MACRO MODELLING VII: Trade
  Eric Fisher (The Ohio State University), “Economic Geography, Trade, and War”
  M. Ayhan Kose (Brandeis University), “Can Trade Theory Help Us Understand the Linkages Between International Trade and Business Cycles?”
SESSION 55. APPLICATIONS OF SIMULATION-BASED INFERENCE
  Charles Romeo (US Department of Justice), “A Gibbs Sampler for Mixed Logit Analysis of Differentiated Product Markets Using Aggregate Data”
  George Hall (Yale University), “Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market”
  Vassilis Hajivassiliou (London School of Economics), “The Method of Maximum Smoothly Simulated Likelihood for LDV Models with Endogeneity, with an Application to Dynamic Euler Equations”
SESSION 56. EVOLUTIONARY COMPUTING IN ECONOMICS AND FINANCE
  Chia-Hsuan Yeh (I-Shou University), “The Influence of Market Size in an Artificial Stock Market: The Approach Based on Genetic Programming”
  Malcolm Beynon (Cardiff University), “The Use of Fuzzy Decision Tree Analysis in Monitoring a Minimum Wage”
  Jane Binner (Nottingham Business School), “Evolutionary Strategies vs. Neural Networks; New Evidence from Taiwan on the Divisia Index Debate”
SESSION 57. ARTIFICIAL ADAPTIVE AGENTS IN GAMES
  Thomas Riechmann (University of Hannover), “Evolutionary Learning in the Ultimatum Game”
  Christiane Clemens (University of Hannover), “Dynamic Voluntary Contribution to a Public Good: Learning to be a Free Rider”
  Robert Hoffmann (University of Nottingham in Malaysia), “Bounded Rationality and Social Cognition: A Computational Study”
SESSION 58. FINANCIAL MARKET DYNAMICS
  Sorin Solomon (Hebrew University), “Stability of Pareto-Zipf Law in Non-Stationary Economies”
  Dietmar G. Maringer (University of Vienna), “On Genes, Insects, and Crystals: Determining Marginal Diversification Effects With Nature Based Algorithms”
  Taisei Kaizoji (University of Kiel), “Heterogeneous Interacting Agent Models and the Stylized Facts”
  Gilles Teyssier (European Commission), “Microeconomic Models for Long-Memory in the Volatility of Financial Time Series”
SESSION 59. DEMOGRAPHIC CHANGE IN GENERAL EQUILIBRIUM
  Jorge Soares (George Washington University), “Social Security Evaluation: A Critique”
  Jean Chateau (CEPII), “Demographic Transition and International Flows of Capital: What Can an OLG Model Tell Us?”
  Serdar Sayan (Bilkent University), “Patterns of Trade between Countries with Differing Age Compositions of Populations: An Overlapping Generations General Equilibrium Analysis”
  Felix Kubler (Stanford University), “Intergenerational Risk Sharing: Myth or Possibility”
SESSION 60. DYNAMIC MODELS WITH MULTIPLE EQUILIBRIA: Applications
  Jess Benhabib (NYU), “Chaotic Interest Rate Rules”
  Wei Xiao (University of New Orleans), “Can Indeterminacy Resolve the Consumption Correlation Puzzle?”
  Giorgio Fagiolo (St. Anna Institute of Advanced Studies), “Endogenous Growth Paths in Economies with Locally Interacting Agents”
SESSION 61. COMPUTATIONAL METHODS IN INDUSTRIAL ORGANIZATION
  Utku Unver (Koç University), “Reserve Price Auctions with a Strong Bidder”
  Michel Robe (Kogod School of Business, American Univ.), “What Can We Learn From Simulating a Standard Agency Model?”
  Herbert Dawid (University of Southern California), “Holdup and the Evolution of Bargaining Conventions”
  Juan D. Montoro-Pons (Universidad de Valencia), “A Computational Model for Incomplete Contracts”