3rd Annual CARESS-Cowles Conference on General Equilibrium and Its Applications

April 20-22, 2007

12:00 Lunch
1:20 Opening Remarks
1:30 Alberto Martin (Universitat Pompeu Fabra), “Sovereign Risk and Secondary Markets” (with Fernando A. Broner and Jaume Ventura)
3:00 Break
3:10 Julio Dávila (CNRS-Université Paris 1), “Expectation Formation and Volatility
4:00 Break
5:00 V. Filipe Martins-da-Rocha (Gétulio Vargas Foundation [FGV]), “Sequential Trading without Perfect Foresight: The Role of Default and Collateral” (with Wassim Daher, Mário Pascoa and Yiannis Vailakis)
5:45 Bruno Funchal (IMPA & FUCAPE), “How Much Debtors’ Punishment?” (with Aloisio Araujo)
7:30 Dinner, Union League Cafe
8:00 Continental Breakfast
9:00 Raphael Espinoza (University of Oxford), “Asset Prices in an Exchange Economy with Money and Trade” (with Dimitrios Tsomocos)
10:30 Break
10:40 P. A. Chiappori (Columbia University), “The Micro Economics of Efficient Group Behavior: Identification” (with I. Ekeland)
12:10 Lunch
1:30 Aloisio Araujo (IMPA and FHV), “Knightian Asset Bubbles and Fiat Money in General Equilibrium” (with Mário Páscoa and Rodrigo Novinski)
3:00 Break
3:10 Michael Mandler (University of London), “Irrationality-proofness
4:10 Break
4:20 Michael Magill (University of Southern California, Los Angeles) and Martine Quinzii (University of California, Davis), “A Statistical Approach to General Equilibrium with Production
5:20 Break
5:30 Jan Werner (University of Minnesota), “Liquidity and Asset Prices in Rational Expectations Equilbrium with Ambiguous Information” (with Han Ozsoylev)
7:30 Dinner, Fire
8:00 Continental Breakfast
9:00 Filippo Taddei (Columbia University), “Liquidity and Economic Fluctuations
9:45 Gaetano Bloise (University of Rome), “Efficiency and Prices in Economies of Overlapping Generations
10:30 Break
10:45 Joon Song (University of Essex), “Correlated Equilibrium and the Pricing of Public Goods” (with Joseph M. Ostroy)
11:30 Axel Anderson (Georgetown University), “Assortative Matching, Evolving Human Capital, and the Beatles Break-up” (with Lones Smith)
12:15 Lunch


Charalambos Aliprantis (Purdue University)
Dionissi Aliprantis (Univ. of Pennsylvania)
Aloisio Araujo (IMPA)
Axel Anderson (Georgetown University)
Rudi Bachmann (Yale University)
Jinhui Bai (Yale University)
Alberto Bisin (New York University)
Gaetano Bloise (University of Rome)
Andres Carvajal (University of London)
David Cass (University of Pennsylvania)
P.A. Chiappori (ColumbiaUniversity)
Alex Citanna (Columbia University)
Bernard Cornet (Universite Paris 1 & University of Kansas)
Sean Crockett (CA Institute of Technology)
Julio Davila (Universite Paris 1)
Pradeep Dubey (State University of New York)
Ronel Elul (Federal Reserve Bank of Philadephia)
Raphael Espinoza (University of Oxford)
Ana Fostel (George Washington University)
Bruno Funchal (IMPA)
John Geanakoplos (Yale University)
Piero Gottardi (Universita’ Ca’ Foscari di Venezia)
Felix Kubler (University of Pennsylvania)
Juan Manuel Licari (University of Pennsylvania)
Michael Magill (University of Southern CA)
Michael Mandler (University of London)
Alberto Martin (Universitat Pompeu Fabra)
V. Filipe Martins-da-Rocha (Gétulio Vargas Foundation)
Elena del Mercato (CSEF)
Onur Ozgur (University of Montreal)
Han Ozsoylev (Oxford University)
Mario Pascoa (Universidade Nova de Lisboa)
Herakles Polemarchakis (University of Warwick)
Daniela Puzzello (Univ. of Kentucky)
Martine Quinzii (University of CA - Davis)
Steve Ross (MIT)
Catherine Rouzaud (Universite Paris 12)
Paolo Siconolfi (Columbia University)
Stephen Spear (Carnegie Mellon)
Joon Song (University of Essex)
Filippo Taddei (Columbia University)
Mario Tirelli (Universita degli Studi RomaTre)
Sergio Turner (Brown University)
Marek Weretka (Yale University)
Jan Werner (University of Minnesota)
Paul Willen (Federal Reserve Bank of Boston)

Conference Frequently Asked Questions

Yale provides visitors two Wi-Fi network options:

  • YaleGuest
  • Eduroam

YaleGuest is a public, insecure wireless network available for anyone’s use, but has limited network access. Due to security reasons, certain programs and functionality may not be accessible via the YaleGuest network, e.g., Dropbox, Skype, and Box.  

If possible, we recommended you use the Eduroam wireless network.  Eduroam (education roaming) is a secure, world-wide roaming access service that allows students, researchers and staff from participating institutions to obtain Internet connectivity across campuses when visiting other participating institutions.

If your institution is a partneraccess the Eduroam network by selecting Eduroam from the Wi-Fi list on your mobile device and sign-in using your home institution’s credentials*. View Eduroam’s complete listing of U.S. participating schools; International visitors can look for institutional listings on this country page.

For additional details, please contact your institution’s IT department or search your institution’s support page.

*Credential format is typically ID@UniversityName.edu, e.g., YaleNetID@yale.edu or SUNetID@win.stanford.edu

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 20 minute walk from the Blake Hotel. The easiest route to SOM from the Blake Hotel is to go south-east on George Street and turn left on Temple St. Temaple will merge into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 15 minute walk from the Omni Hotel. The easiest route to SOM from the Omni Hotel is to go north on Temple St. which merges into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

For travel expense reimbursement for the 2020 Cowles GE Conference, please send the following items by Friday, July 31, 2020.

For travel expense reimbursement for the 2020 Cowles Summer Conferences, please send the following items by Friday, September 11, 2020.


  • Complete the appropriate online conference travel reimbursement form (These online forms allow you to upload any/all relevant forms and receipts which will be bundled together as one document):
  • Please upload any/all receipts for airfare (economy only)/rail and ground transportation. Receipts must be itemized and show proof of payment (i.e., if paid by credit card the receipt should show the last 4 digits of the credit card).

Note, vouchers for previously canceled or unrelated travel cannot be reimbursed if used to pay for any Cowles related travel.





Email or send original receipts, completed travel reimbursement form, and applicable international forms to:

Darlene Smith
Event & Visitor Assistant Administrator
Cowles Foundation at Yale University
30 Hillhouse Avenue
P.O. Box 208281
New Haven, CT 06520

Email questions to Darlene Smith


The conference sessions are held on the second floor in Evans Hall at the Yale School of Management. Restrooms can be found on the perimeter of the building along the sides and back of the building.

Click to enlarge

The Cowles Foundation is located in the heart of Yale’s campus at 30 Hillhouse Avenue.  Use the Yale online campus map to help find your way around.

If you need assistance with an Omni Hotel room reservation, please contact Alyson Perri, Convention Services Manager, Omni Hotels.

In cases of emergency, contact the appropriate department listed below:

You can also report a crime or send an anonymous text tip through our Bulldog Mobile (LiveSafe) app. (To register for Bulldog Mobile please visit the Yale LiveSafe page)

For addtional emergency information, visit the Yale Emergency Management website.

Yes, a shuttle bus will be arranged to drive between the hotel and conference location. Typically, an announcement will be sent out from Darlene Smith the day before with additional information.