9th Annual Conference on General Equilibrium and its Applications

April 26-28, 2013


12:30 Lunch and Registration
1:50 Opening Remarks
2:00 *Vyacheslav Fos (University of Illinois at Urbana-Champaign) and Pierre-Collin Dufresne (Columbia University), “Insider Trading, Stochastic Liquidity and Equilibrium Prices” [Slides]
2:50 Tadashi Hashimoto (Stanford University, Graduate School of Business), “The Generalized Random Priority Mechanism with Budgets
3:40 Break
4:10 Alexis Toda (Yale University), “Asset Pricing with Heterogeneous Preferences” [Slides]
5:00 Suleyman Basak and *Anna Pavlova (London Business School), “A Model of Financialization of Commodities” [Slides]
8:30 Continental Breakfast
9:30 *Douglas Gale (New York University, Department of Economics) and Piero Gottardi (European University Institute, Department of Economics), “Capital Structure and Investment Dynamics with Fire Sales” [Slides]
10:20 Break
10:40 *Paul Ehling (B1 Norwegian Business School) and Christian Heyerdahl-Larsen (London Business School), “Complete and Incomplete Financial Markets in Multi-Good Economies
11:30 *Semyon Malamud (Swiss Finance Institute, EPF Lausanne) and Marzena Rostek (Department of Economics, University of Wisconsin-Madison), “Decentralized Exchange”
12:20 Lunch
2:00 Nicolae Gârleanu (University of California, Berkeley Haas School of Business), *Panageas Savros (University of Chicago, Booth School of Business), and Jianfeng Yu (University of Minnesota, Carlson School of Management), “Integration, Leverage, Crashes and Contagion”
2:50 *Iván Werning (Massachusetts Institute of Technology) and Emmanuel Fahri (Harvard University), “Constrained Inefficiency of Private Portfolios in the Presence of Nominal Rigidities
3:40 Break
4:10 Johannes Brumm (DBF, University of Zurich and *Felix Kubler (DBF, University of Zurich, Swiss Finance Institute), “Applying Negishi’s Method to Stochastic Models with Overlapping Generations
5:00 Xavier Gabaix (Stern School of Business, New York University) “Sparse Dynamic Programming and Aggregate Fluctuations
7:00 Dinner, John Davenport’s Restaurant at the Omni Hotel
8:00 Continental Breakfast
9:00 *Alessandro Citanna (Yeshiva University) and Paolo Siconolfi (Columbia University), “Incentive Efficient Pricing Equilibria in Large Akerlof Economies”
9:50 *Tasos Dosis (University of Warwick), “Strategic Foundations for Efficient Competitive Markets with Adverse Selection
10:40 Andrea Attar, *Thomas Mariotti and François Salanié (Toulouse School of Economics), “On Competitive Nonlinear Pricing” [Slides]
11:40 *Jennifer La’O (University of Chicago, Booth School of Business), “A Traffic Jam Theory of Recessions”
12:30 Lunch and Adjourn


Beth Allen (University of Minnesota)
Jinhui Bai (Georgetown University)
Pablo Beker (Warwick University, UK)
Gaetano Bloise (Yeshiva University)
Dan Cao (Georgetown University)
Andres Carvajal (University of Western Ontario)
Alessandro Citanna (Yeshiva University)
Sean Crockett (Baruch Univ., City Univ. of NY)
Elena del Mercato (PSE-University Paris 1)
Anastasios (Tasos) Dosis (Warwick University, UK)
Paul Ehling (Norwegian Business School)
Vyacheslav Fos (Univ. of Illinois at Urbana-Champaign)
Ana Fostel (The George Washington University)
Xavier Gabaix (NYU Stern)
Douglas Gale (NYU)
John Geanakoplos (Yale University)
Tadashi Hashimoto (Stanford University)
Matthew Hoelle (European University Institute)
Felix Kubler (DBF, University of Zurich, Swiss Finance Institute)
Jennifer La’O (The University of Chicago-Booth)
Mark Loewenstein (University of Maryland)
Michael Magill (University of So. California)
Semyon Malamud (Swiss Finance Institute, EPF Lausanne)
Thomas Mariotti (Toulouse School of Economics)
Victor Filipe Martins-da-Rocha (FGV and CNRS)
Stavros Panageas (University of Chicago-Booth)
Anna Pavlova (London Business School)
Udara Peiris (University of Warwick, UK)
Tito Pietra (Universita di Bologna)
Herakles Polemarchakis (University of Warwick, UK)
Martine Quinzii (University of California-Davis)
Marzena Rostek (University of Madison-Wisconsin)
Catherine Rouzaud (Univ. Paris)
Paolo Siconolfi (Columbia University)
Mario Tirelli (University of Rome III)
Alexis Toda (Yale University)
Aleh Tsyvinski (Yale University)
Yiannis Vailakis (University of Glasgow)
Alexandros Vardoulakis (Banque de France)
Jan Werner (University of Minnesota)
Iván Werning (MIT)

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.