4th Annual CARESS-Cowles Conference on General Equilibrium and Its Applications (at University of Pennsylvania)

April 18-20, 2008

286-7 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297

10:45 George Mailath (University of Pennsylvania), Opening Remarks
11:00 John Geanakoplos (Yale University), “Credit Cards and Inflation” (with Pradeep Dubey)
12:30 Lunch
1:30 Costas Xiouros (Marshall School of Business, USC), “Heterogeneous Agents and Asset Prices in Complete Markets” (with Fernando Zapatero)
3:00 Break
3:10 Karl Schmedders (MEDS, Northwestern University), “Competitive Equilibrium in Semi-Algebraic Economies” (with Felix Kubler)
4:40 Break
4:50 Jonathan Pogach (University of Pennsylvania), “Robustness of the Uniqueness of Walrasian Equilibrium with Log-Linear Utilities” (with the other participants in the Equilibrium Theory Seminar at Penn in the Spring of 2006)
5:50 Break
6:00 Elena del Mercato (Università degli Studi di Salerno), “Externalities, Consumption Constraints and Regular Economies” (with Jean-Marc Bonnisseau)
7:30 Conference Reception in the Atrium of the McNeil Building
8:00 Continental Breakfast
9:00 Pablo Beker (University of Warwick), “Economic Survival when Markets are Incomplete” (with Subir Chattopadhyay)
10:30 Break
10:45 Stavros Panageas (Wharton School, University of Pennsylvania), “Young, Old, Conservative and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing” (with Nicolae Garleanu)
12:15 Lunch
1:30 Eva Cárceles-Poveda (SUNY at Stony Brook and IAE), “Equity Financing” (with Alexis Anagnostopoulos and Albert Marcet)
3:00 Break
3:15 Antonio Penta (University of Pennsylvania), “Collective Bargaining and Walrasian Equilibrium
4:45 Break
5:00 Jose Heleno Faro (IMPA, Brazil), “Cost Functions of Incomplete Markets” (with Aloisio Aruajo and Alain Chateauneuf)
7:30 Conference Dinner at Ristorante Mezza Luna, 763 South 8th Street)
8:00 Continental Breakfast
9:00 Harold Cole (University of Pennsylvania), “A Multiplier Approach to Understanding the Macro Implications of Household Finance” (with YiLi Chien and Hanno Lustig)
10:30 Break
10:45 Andres Carvajal (University of Warwick), “No-Arbitrage, State Prices and Trade in Thin Financial Markets” (with Marek Weretka)


Roko Aliprantis
Beth Allen
Alexis Anagnostopoulos
Robert M. Anderson
Aloisio Araujo
Jinhui Bai
Pablo Beker
Alberto Bisin
Gaetano Bloise
Larry Blume
Eva Cárceles-Poveda
Andrés Carvajal
Danni Catambay
Subir Chattopadhyay
Hongseok Choi
Alessandro Citanna
Hal Cole
Cristiano Costa
Sean Crockett
Elena del Mercat
John Donaldson
Jan Eeckhout
Raphael Espinoza
José Heleno Faro
Bruno Funchal
Jayant Ganguli
John Geanakoplos
Daniel Harenberg
Matthew Hoelle
Richard Kihlstrom
Philipp Kircher
Dirk Krueger
Maxym Kryshko
Felix Kubler
Michael Magill
Alberto Martin
V. Filipe Martins-da-Rocha
Stavros Panageas
Antonio Penta
Tito Pietra
Jonathan Pogach
Herakles Polemarchakis
Daniela Puzzello
Martine Quinzii
Catherine Rouzaud
David Russo
Guido Ruta
Karl Schmedders
Dmitry A. Shapiro
Paolo Siconolfi
Steve Spear
Sergei Stepanchuk
Filippo Taddei
Mario Tirelli
Sergio Turner
Liang Wang
Xi Weng
Marek Weretka
Randall Wright
Costas Xiouros
Fernando Zapatero

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.