5th Annual CARESS-Cowles Conference on General Equilibrium and its Applications

April 17-19, 2009

12:00 Lunch
1:20 Opening Remarks
1:30 Alberto Bisin (NYU), “Equilibrium Corporate Finance” (with Piero Gottardi and Guido Ruta) [Slides]
2:30 Break
2:45 Marzena Rostek (University of Wisconsin), “Dynamic Thin Markets” (with Marek Weretka)
3:45 Break
4:15 Sean Crockett (Baruch College), “A (Bubble-Free) General Equilibrium Approach to Asset Pricing Experiments” (with John Duffy) [Slides]
5:15 Break
5:30 Michael Mandler (University of London, Royal Holloway), “Rational Agents Are the Quickest
6:30 End
7:30 Dinner, Ibiza, 39 High Street
8:00 Continental Breakfast
9:00 Ben Lester (University of Western Ontario), “Information, Liquidity, Asset Prices, and Monetary Policy” (with Andrew Postlewaite and Randall Wright)
10:00 Break
10:15 Mário Páscoa (New University of Lisbon), “Will You Lend Me to Short? The Role of the Box in Leverage and Repo Fails” (with Jean-Marc Bottazzi and Jaime Luque)
11:15 Break
11:30 Susan Schommer (IMPA), “Regulating Collateral-Requirements When Markets Are Incomplete” (with Aloísio Araújo and Felix Kubler)
12:30 Lunch
2:00 Han Ozsoylev (University of Oxford), “Asset Pricing in Large Information Networks” (with John Walden) [Slides]
3:00 Break
3:15 Mordecai Kurz (Stanford University), “Diverse Beliefs and Time Variability of Risk Premia” (with Maurizio Motolese) [Slides]
4:00 Bernard Cornet (Université Paris 1 Panthéon-Sorbonne & University of Kansas), “Existence of Financial Equilibria with Restricted Participation”
4:45 Break
5:00 Roundtable Discussion: with Herakles Polemarchakis and John Geanakoplos
6:30 End
7:30 Dinner, Union League Cafe, 1032 Chapel Street
8:00 Continental Breakfast
9:00 Udara Peiris (University College, Oxford), “International Monetary Equilibrium with Default” (with Dimitrios Tsomocos) [Slides]
9:45 Alexandros Vardoulakis (University College, Oxford), “Reserve Requirements and Default” (with Udara Peiris)
10:30 Break
10:45 Matt Hoelle (University of Pennsylvania), “A Simple Model of Bankruptcy in General Equilibrium” [Slides]
11:30 Marek Weretka (University of Wisconsin, Madison), “Dichotomic Uniform-Price Models” (with Andres Carvajal)
12:15 Lunch


Beth Allen (University of Minnesota)
Robert Anderson (University of California-Berkeley)
Aloisio Araujo (IMPA)
Yves Balasko (University of York)
Truman Bewley (Yale University)
Alberto Bisin (NYU)
Larry Blume (Cornell University)
Jonathan Burke (Pepperdine University)
Laura Carosi (University of Pisa, Italy)
Andres Carvajal (University of Warwick)
Alessandro Citanna (HEC, Paris)
Bernard Cornet (Univ of Paris 1, University of Kansas)
Herve Cres (HEC, Paris)
Sean Crockett (Baruch College, CUNY)
Elena del Mercato (Universite de Paris 1)
Ana Fostel (George Washington University)
Bruno Funchal (FUCAPE Business School)
John Geanakoplos (Yale University)
Matt Hoelle (University of Pennsylvania)
Johannes Hörner (Yale University, Cowles)
Kostas Koufopoulos (University of Warwick)
Felix Kubler (University of Pennsylvania)
Mordecai Kurz (Stanford University)
Ben Lester (University of Western Ontario)
Mark Loewenstein (University of Maryland)
Jaime Luque (Universidad Nova de Lisboa
Michael Magill (University of Southern California)
Michael Mandler (University of London, Royal Holloway)
John Nachbar (Washington University)
Han Ozsoylev (University of Oxford)
Mario Pascoa (New University of Libson)
Udara Peiris (University College, Oxford)
Antonio Penta (University of Pennsylvania)
Tito Pietra (University of Bologna)
Herakles Polemarchakis (University of Warwick)
Daniela Puzzello (University of Illinois)
Martine Quinzii (University of California-Davis)
Alvaro Riascos-Villegas (Universidad de los Andres)
Marzena Rostek (University of Wisconsin, Madison)
Catherine Rouzard (University of Paris 12)
Herbert Scarf (Yale University)
Susan Schommer (IMPA)
Chris Shannon (University of California, Berkeley)
Karl Shell (Cornell University)
Paolo Siconolfi (Columbia University)
Lones Smith (University of Michigan)
Stephen Spear (Carnegie Mellon University)
Dimitrios Tsomocos (Oxford Said Business School)
Antonio Villanacci (Universita degli Studi di Firenze)
Alexandros Vardoulakis (University College, Oxford)
Marek Weretka (University of Wisconsin, Madison)
Jan Werner (University of Minnesota)

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.