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Program and working group meetings.

Chinese Economy

The NBER's Working Group on the Chinese Economy met in Cambridge on October 4 and 5, 2013. Research Associate Hanming Fang of the University of Pennsylvania and Research Associate and Working Group Director Shang-Jin Wei of Columbia University organized the conference. The following papers were discussed:

* Emi Nakamura and Jon Steinsson, Columbia University and NBER; and Miao Liu, Columbia University, "Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves"

* Chunxin Jia and Yaping Wang, Peking University; and Wei Xiong, Princeton University and NBER, "How Local and Foreign Investors React to Public News"

* Erwin Bulte, Wageningen University; Lihe Xu, Southwestern University of Finance and Economics, China; and Xiaobo Zhang, International Food Policy Research Institute, "Does Aid Promote or Hinder Industrial Development? Quake Lessons from China"

* Ying Fan, University of Michigan; Jiandong Ju, University of Oklahoma; and Mo Xiao, University of Arizona, "Losing to Win: Reputation Management of Online Sellers"

* Kyle Handley, University of Michigan, and Nuno Limao, University of Maryland and NBER, "Policy Uncertainty, Trade, and Welfare: Theory and Evidence for China and the U.S." (NBER Working Paper No. 19376)

* Raymond Fisman, Columbia University and NBER, and Yongxiang Wang, University of Southern California, "The Mortality Cost of Political Connections"

* Lin Ji, Tsinghua University, and Shang-Jin Wei, "Learning from an Apparent Surprise: When Can Stronger Labor Protection Improve Productivity?"

* Jing Cai, University of Michigan, and Changcheng Song, National University of Singapore, "Do Hypothetical Experiences Affect Real Financial Decisions? Evidence from Insurance Take-Up"

* Di Guo, Kun Jiang, and Chenggang Xu, University of Hong Kong; and Byung-Yeon Kim, Seoul National University, "The Political Economy of Private Firms in China"

* Chang-Tai Hsieh, University of Chicago and NBER, and Zheng Michael Song, University of Chicago, "Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/CEf13/summary.html

Behavioral Economics

The Behavioral Economics Working Group held a meeting in San Diego on October 24 and 25, 2013. Joseph Engelberg and Christopher Parsons of the University of California, San Diego organized the meeting. The following papers were discussed:

* Clifford Asness and Andrea Frazzini, AQR Capital Management; and Lasse Pedersen, Copenhagen Business School and NBER, "Quality Minus Junk"

* Martin Cherkes and Charles Jones, Columbia University; and Chester Spatt, Carnegie Mellon University and NBER, "A Solution to the Palm-3Com Spin-off Puzzles"

* Chi Liao, University of Toronto, "Risk Taking Begets Risk Taking: Evidence from Casino Openings and Investor Portfolios"

* Francesco D'Acunto, University of California, Berkeley, "Identity, Overconfidence and Investment Decisions"

* Bing Han, University of Toronto, and David Hirshleifer, University of California, Irvine, "Visibility Bias in the Transmission of Consumption Norms and Undersaving"

* Lauren Cohen and Christopher Malloy, Harvard University and NBER; and Dong Lou, London School of Economics, "Playing Favorites: How Firms Prevent the Revelation of Bad News" (NBER Working Paper No. 19429)

* Mark Kamstra, York University; Lisa Kramer, University of Toronto; Maurice Levi, University of British Columbia; and Russ Wermers, University of Maryland, College Park, "Seasonal Asset Allocation: Evidence from Mutual Fund Flows"

* Harrison Hong, Princeton University and NBER; Hyun-Soo Choi, Singapore Management University; Jeffrey Kubik, Syracuse University; and Jeffrey Thompson, Federal Reserve Board, "When Real Estate is the Only Game in Town"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/BEf13/summary.html

Economic Fluctuations and Growth

The NBER's Program on Economic Fluctuations and Growth met in Chicago on October 25, 2013. NBER Research Associates Martin Eichenbaum of Northwestern University and Erik Hurst of the University of Chicago organized the meeting. The follow-ing papers were discussed:

* Gian Luca Clementi, New York University and NBER, and Berardino Palazzo, Boston University, "Entry, Exit, Firm Dynamics, and Aggregate Fluctuations" (NBER Working Paper No. 19217)

* Yuriy Gorodnichenko, University of California, Berkeley and NBER, and Michael Weber, University of California, Berkeley, "Are Sticky Prices Costly? Evidence from the Stock Market" (NBER Working Paper No. 18860)

* Andrew Atkeson and Pierre-Olivier Weill, University of California, Los Angeles and NBER; and Andrea Eisfeldt, University of California, Los Angeles, "Measuring the Financial Soundness of U.S. Firms, 1926-2012" (NBER Working Paper No. 19204)

* Leonid Kogan, MIT and NBER; Dimitris Papanikolaou, Northwestern University and NBER; Amit Seru, University of Chicago and NBER; and Noah Stoffman, Indiana University, "Technological Innovation, Resource Allocation, and Growth" (NBER Working Paper No. 17769)

* Jesus Fernadez-Villaverde, University of Pennsylvania and NBER; Pablo Guerron-Quintana, Federal Reserve Bank of Philadelphia; Keith Kuester, University of Bonn; and Juan Rubio-Ramirez, Duke University, "Fiscal Volatility Shocks and Economic Activity" (NBER Working Paper No. 17317)

* Emmanuel Farhi, Harvard University and NBER, and Ivan Werning, MIT and NBER, "Fiscal Multipliers: Liquidity Traps and Currency Unions" (NBER Working Paper No. 18381)

Summaries of these papers may be found at: http://www.nber.org/confer/2013/EFGf13/summary.html

International Finance and Macroeconomics

The NBER's Program on International Finance and Macroeconomics met in Cambridge on October 25, 2013. Research Associates Charles Engel of the University of Wisconsin and Linda Tesar of the University of Michigan organized the program. The following papers were discussed:

* Luis Catao and Gian Maria Milesi-Ferretti, International Monetary Fund, "External Liabilities and Crises"

* Javier Bianchi, University of Wisconsin and NBER, "Efficient Bailouts?" (NBER Working Paper No. 18587)

* Philippe Bacchetta, University of Lausanne, and Eric van Wincoop, University of Virginia and NBER, "The Great Recession: A Self-Fulfilling Global Panic" (NBER Working Paper No. 19062)

* Kristin Forbes, MIT and NBER; Marcel Fratzscher, DIW Berlin and Humboldt University, Berlin; and Roland Straub, European Central Bank, "Capital Controls and Macroprudential Measures: What Are They Good For?"

* Varadarajan Chari, University of Minnesota and NBER; Alessandro Dovis, Pennsylvania State University; and Patrick Kehoe, Federal Reserve Bank of Minneapolis and NBER, "Rethinking Optimal Currency Areas"

*Nicolas Coeurdacier, Sciences Po and CEPR; Helene Rey, London Business School and NBER; and Pablo Winant, Paris School of Economics, "Financial Integration and Growth in a Risky World"

Summaries of these papers are available at: http://www.nber.org/confer/2013/IFMf13/summary.html

Market Design

The NBER's Working Group on Market Design, directed by NBER Research Associates Susan Athey of Stanford University and Parag Pathak of MIT, met at Stanford University on October 25 and 26, 2013. The following papers were discussed:

* Eric Budish and John Shim, University of Chicago; and Peter Cramton, University of Maryland, "The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response"

* khil Agarwal, MIT, "An Empirical Model of the Medical Match"

* Mark Satterthwaite, Northwestern University; Steven Williams, University of Illinois, Urbana-Champaign; and Konstantinos Zachariadis, London School of Economics, "Optimality versus Practicality in Market Design: A Comparison of Two Double Auctions"

* Bo Cowgill, University of California, Berkeley, and Eric Zitzewitz, Dartmouth College and NBER, "Corporate Prediction Markets: Evidence from Google, Ford, and Firm X"

* Yuichiro Kamada, Harvard University, and Fuhito Kojima, Stanford University, "Efficient Matching Under Distributional Constraints: Theory and Applications"

* Yeon-Koo Che, Columbia University, and Johannes Horner, Yale University, "Optimal Design for Social Learning"

* Itai Ashlagi, MIT; and Yashodhan Kanoria and Jacob Leshno, Columbia University, "Unbalanced Random Matching Markets"

* Federico Echenique, California Institute of Technology, and M. Bumin Yenmez, Carnegie Mellon University, "How to Control Controlled School Choice"

* Hoyt Bleakley, University of Chicago and NBER, and Joseph Ferrie, Northwestern University and NBER, "Land Openings on the Georgia Frontier and the Coase Theorem in the Short and Long Run"

* Paul Asquith, MIT and NBER; Thom Covert, Harvard University; and Parag Pathak, "The Effects of Mandatory Transparency in Financial Market Design: Evidence from the Corporate Bond Market" (NBER Working Paper No. 19417)

* Nicole Immorlica and Gregory Stoddard, Northwestern University; and Vasilis Syrgkanis, Cornell University, "Social Status and the Design of Optimal Badges"

* Lawrence Ausubel, University of Maryland, and Oleg Baranov, University of Colorado, Boulder, "The Combinatorial Clock Auction, Revealed Preference, and Iterative Pricing"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/MDf13/summary.html

Monetary Economics

The NBER's Monetary Economics Program met in Cambridge on November 1, 2013. Research Associates Frederic Mishkin and Michael Woodford of Columbia University organized the program. The following papers were discussed:

* Alan Moreira, Yale University, and Alexi Savov, New York University, "The Macroeconomics of Shadow Banking"

* Emmanuel Farhi, Harvard University and NBER, and Ivan Werning, MIT and NBER, "A Theory of Macroprudential Policies in the Presence of Nominal Rigidities" (NBER Working Paper No. 19313)

* Varadarajan Chari, University of Minnesota and NBER; Alessandro Dovis, Pennsylvania State University; and Patrick Kehoe, Federal Reserve Bank of Minneapolis and NBER, "Rethinking Optimal Currency Areas"

* Emi Nakamura and Jon Steinsson, Columbia University and NBER, "High Frequency Identification of Monetary Non-Neutrality" (NBER Working Paper No. 19260)

* Simon Gilchrist, Boston University and NBER; Raphael Schoenle, Brandeis University; and Jae Sim and Egon Zakrajsek, Federal Reserve Board, "Inflation Dynamics during the Financial Crisis"

* Marco Del Negro and Marc Giannoni, Federal Reserve Bank of New York; and Frank Schorfheide, University of Pennsylvania and NBER, "Inflation in the Great Recession and New Keynesian Models"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/MEf13/summary.html

Public Economics

The NBER's Program on Public Economics met at Stanford University on November 7 and 8, 2013. Program Co-director Amy Finkelstein of MIT and Research Associate Hilary Hoynes of the University of California, Berkeley organized the meeting. The following papers were discussed:

* Liran Einav, Stanford University and NBER; Amy Finkelstein; and Paul Schrimpf, University of British Columbia, "The Response of Drug Expenditure to Non-linear Contract Design: Evidence from Medicare Part D" (NBER Working Paper No. 19393)

* Nathaniel Hendren, Harvard University and NBER, "The Policy Elasticity" (NBER Working Paper No. 19177)

* Wojciech Kopczuk, Columbia University and NBER; Justin Marion, University of California, Santa Cruz; Erich Muehlegger, Harvard University and NBER; and Joel Slemrod, University of Michigan and NBER, "Do the Laws of Tax Incidence Hold? Point of Collection and the Pass-through of State Diesel Taxes" (NBER Working Paper No. 19410)

* Francois Gerard, Columbia University, and Gustavo Gonzaga, PUC-Rio, "Informal Labor and the Cost of Social Programs: Evidence from 15 Years of Unemployment Insurance in Brazil"

* Hunt Allcott, New York University and NBER, and Dmitry Taubinsky, Harvard University, "The Lightbulb Paradox: Evidence from Two Randomized Control Trials"

* Ilyana Kuziemko, Columbia University and NBER; Katherine Meckel, Columbia University; and Maya Rossin-Slater, University of California, Santa Barbara, "Do Insurers Risk-Select Against Each Other? Evidence from Medicaid and Implications for Health Reform" (NBER Working Paper No. 19198)

Summaries of these papers may be found at: http://www.nber.org/confer/2013/PEf13/summary.html

Asset Pricing

The NBER's Program on Asset Pricing met at Stanford University on November 7 and 8, 2013. Research Associates John Cochrane and Lubos Pastor of the University of Chicago organized the meeting. The following papers were discussed:

* Francesco Franzoni, University of Lugano and Swiss Finance Institute, and Martin Schmalz, University of Michigan, "Fund Flows in Rational Markets"

* Clifford Asness and Andrea Frazzini, AQR Capital Management; and Lasse Pedersen, Copenhagen Business School and NBER, "Quality Minus Junk"

* Hui Chen and Leonid Kogan, MIT and NBER; and Winston Wei Dou, MIT, "Measuring the 'Dark Matter' in Asset Pricing Models"

* Torben Andersen, Northwestern University and NBER; Nicola Fusari, Johns Hopkins University; and Viktor Todorov, Northwestern University, "The Risk Premia Embedded in Index Options"

* Robert Stambaugh, University of Pennsylvania and NBER; Jianfeng Yu, University of Minnesota; and Yu Yuan, SAIF, "Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle" (NBER Working Paper No. 18560)

* Adrien Verdelhan, MIT and NBER, "The Share of Systematic Variation in Bilateral Exchange Rates"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/APf13/summary.html

Corporate Finance

The NBER's Program on Corporate Finance met at Stanford University on November 8, 2013. Research Associates Ulrike Malmendier of the University of California, Berkeley, Joshua Rauh of Stanford University, and Program Director Malcolm Baker of Harvard Business School organized the meeting. The following papers were discussed:

* William Gornall, Stanford University, and Ilya Strebulaev, Stanford University and NBER, "Financing as a Supply Chain: The Capital Structure of Banks and Borrowers"

* Joan Farre-Mensa, Harvard University, and Alexander Ljungqvist, New York University and NBER, "Do Measures of Financial Constraints Measure Financial Constraints?" (NBER Working Paper No. 19551)

* Mark Garmaise, University of California, Los Angeles, and Gabriel Natividad, New York University, "Does More Information Lead to More Financing? Local Information Shocks and Bank Credit"

* Emily Breza, Columbia Business School, and Arun Chandrasekhar, Stanford University, "Savings Monitors"

* Peter Koudijs, Stanford University and NBER, and Hans-Joachim Voth, Universitat Pompeu Fabra, "Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending"

* Camelia Kuhnen, Northwestern University, and Paul Oyer, Stanford University and NBER, "Exploration for Human Capital: Evidence from the MBA Labor Market"

* Rainer Haselmann, Bonn Graduate School of Economics; and David Schoenherr and Vikrant Vig, London Business School, "Lending in Social Networks"

* Ing-Haw Cheng, Dartmouth College; Harrison Hong, Princeton University and NBER; and Kelly Shue, University of Chicago, "Do Managers Do Good with Other People's Money?" (NBER Working Paper No. 19432)

Summaries of these papers may be found at: http://www.nber.org/confer/2013/CFf13/summary.html

Education

The NBER's Program on Education, directed by Research Associate Caroline Hoxby of Stanford University, met in Chicago on November 14 and 15, 2013. The following papers were discussed:

* Rosario Ballatore, Bank of Italy; and Margherita Fort and Andrea Ichino, University of Bologna, "The Tower of Babel in the Classroom? Immigrants and Natives in Italian Schools"

* Jason Cook and Richard Mansfield, Cornell University, "Task-Specific Experience and Task-Specific Talent: Decomposing the Productivity of High School Teachers"

* Peter Hinrichs, Georgetown University, "An Empirical Analysis of Racial Segregation in Higher Education"

* Steven Hemelt, University of North Carolina, Chapel Hill, and Kevin Stange, University of Michigan and NBER, "The Effect of Marginal Price on Student Progress at Public Universities"

* Scott Imberman, Michigan State University and NBER, and Michael Lovenheim, Cornell University and NBER, "Does the Market Value Value-Added? Evidence from Housing Prices after a Public Release of School and Teacher Value-Added" (NBER Working Paper No. 19157)

* Felipe Barrera-Osorio, Harvard University; David Blakeslee, Columbia University; Matthew Hoover, RAND Corporation; Leigh Linden and Stephen Ryan, University of Texas, Austin and NBER; Dhushyanth Raju, The World Bank, "Leveraging the Private Sector to Improve Primary School Enrollment: Evidence from a Randomized Controlled Trial in Pakistan"

* Catharine Hill, Vassar College, "American Higher Education and Income Inequality"

* Hanley Chiang, Melissa Clark, and Sheena McConnell, Mathematica Policy Research, "Supplying Disadvantaged Schools with Effective Teachers: Experimental Evidence on Secondary Math Teachers from Teach For America"

* Kristin Butcher, Wellesley College and NBER; and Patrick McEwan and Akila Weerapana, Wellesley College, "The Great Deflation: A Quasi-Experimental Analysis of the Impact of an Anti-Grade Inflation Policy on Students and Instructors"

* Karthik Muralidharan, University of California, San Diego and NBER, and Nishith Prakash, University of Connecticut, "Cycling to School: Increasing Secondary School Enrollment for Girls in India" (NBER Working Paper No. 19305)

* Kate Ambler, University of Michigan; Diego Aycinena, Universidad Francisco Marroquin; and Dean Yang, University of Michigan and NBER, "Subsidizing Remittances for Education: A Field Experiment among Migrants from El Salvador"

* Joshua Angrist, MIT and NBER; Erich Battistin, University of Padua; and Daniela Vuri, University of Rome, "In a Small Moment: Cheating and Class Size in Italian Primary Schools"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/EDf13/summary.html

Political Economy

The NBER's Program on Political Economy, directed by Research Associate Alberto Alesina of Harvard University, met in Cambridge on November 15, 2013. These papers were discussed:

* Filipe Campante, Harvard University and NBER, and David Yanagizawa-Drott, Harvard University, "Does Religion Affect Economic Growth and Happiness? Evidence from Ramadan"

* Vincenzo Galasso, Universita della Svizzera Italiana, and Tommaso Nannicini, Universita Bocconi, "Men Vote in Mars, Women Vote in Venus: A Survey Experiment in the Field"

* Jesse Shapiro, University of Chicago and NBER, "On the Limits of Expert Credibility: Theory and an Application to Climate Change"

* Cemal Arbatli, Higher School of Economics, Moscow; Quamrul Ashraf, Brown University; and Oded Galor, Brown University and NBER, "The Nature of Civil Conflict"

* Scott Abramson and Carles Boix, Princeton University, "The Roots of the Industrial Revolution: Political Institutions or (Socially Embedded) Know-How?"

* James Alt, Harvard University, and David Dreyer Lassen, University of Copenhagen, "Unemployment Expectations, Information, and Voting: Experimental and Administrative Micro-Evidence"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/POLf13/summary.html

Market Microstructure

The NBER's Working Group on Market Microstructure met in Cambridge on December 6, 2013. The program was organized by Tarun Chordia of Emory University, Amit Goyal of the University of Lausanne and Swiss Finance Institute, Working Group Director (and Research Associate) Bruce Lehmann of the University of California, San Diego, Gideon Saar of Cornell University, and Avanidhar Subrahmanyam of the University of California, Los Angeles. The following papers were discussed:

* Bastian von Beschwitz and Massimo Massa, INSEAD; and Donald Keim, University of Pennsylvania, "Media-Driven High Frequency Trading: Evidence from News Analytics"

* Songzi Du, Simon Fraser University, and Haoxiang Zhu, MIT, "Dynamic Ex Post Equilibrium, Welfare, and Optimal Trading Frequency in Double Auctions"

* Bart Zhou Yueshen, Tinbergen Institute, "Queuing Uncertainty"

* Chen Yao, University of Warwick, and Mao Ye, University of Illinois, Urbana-Champaign, "Price Constraints, Speed Competition, and Liquidity"

* Jonathan Brogaard, University of Washington; Bjorn Hagstromer and Lars Norden, Stockholm University School of Business; and Ryan Riordan, University of Ontario Institute of Technology, "Trading Fast and Slow: Colocation and Market Quality"

* Sabrina Buti, University of Toronto; Francesco Consonni and Barbara Rindi, Universita Bocconi; and Ingrid Werner, Ohio State University, "Sub-Penny and Queue-Jumping"

Summaries of these papers may be found at: http://www.nber.org/confer/2013/MMf13/summary.html

Entrepreneurship

The NBER's Working Group on Entrepreneurship met in Cambridge on December 6, 2013. The program was organized by Working Group Director and Research Associate Antoinette Schoar of MIT and Research Associate Josh Lerner of Harvard Business School, who co-directs the NBER's Program on Productivity, Innovation, and Entrepreneurship. The following papers were discussed:

* Shai Bernstein, Stanford University; Xavier Giroud, MIT and NBER; and Richard Townsend, Dartmouth College and NBER, "The Impact of Venture Capital Monitoring: Evidence from a Natural Experiment"

* Oriana Bandiera and Robin Burgess, London School of Economics; Narayan Das and Munshi Sulaiman, BRAC;

Selim Gulesci, Universita Bocconi; and Imran Rasul, University College London, "Can Basic Entrepreneurship Transform the Economic Lives of the Poor?"

* Michael Ewens, Carnegie Mellon University, and Matt Marx, MIT, "Executive Turnover in Venture-backed Entrepreneurial Firms"

* Arthur Korteweg, Stanford University, and Stefan Nagel, University of Michigan and NBER, "Risk-Adjusting the Returns to Venture Capital" (NBER Working Paper No. 19347)

* Sridhar Arcot and Jose Miguel Gaspar, ESSEC Business School; Zsuzsanna Fluck, Michigan State University; and Ulrich Hege, HEC Paris, "Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts"

* Aaron Chatterji, Duke University; Rui de Figueiredo, Jr., University of California, Berkeley; and Evan Rawley, Columbia University, "Learning on the Job? Entrepreneurial Spawning in the Asset Management Industry"

* Thomas Noe, Oxford University, "Blood and Money: Kin Altruism, Governance, and Inheritance in the Family Firm" Summaries of these papers may be found at: http://www.nber.org/confer/2013/ENTf13/summary.html

Organizational Economics

The NBER's Working Group on Organizational Economics, directed by Research Associate Robert Gibbons of MIT, met in Cambridge on December 6 and 7, 2013. The following papers were discussed:

* Roland Benabou, Princeton University and NBER, and Jean Tirole, Toulouse School of Economics, "Bonus Culture: Competitive Pay, Screening, and Multitasking" (NBER Working Paper No. 18936)

* Kieron Meagher, Australian National University, and Rodney Strachan, University of Queensland, "Evidence on the Non-linear Impact of Management"

* Alessandro Bonatti, MIT, and Heikki Rantakari, University of Southern California Marshall School of Business, "The Politics of Compromise"

* Stephen Burks, University of Minnesota, Morris; Bo Cowgill, University of California, Berkeley; Mitchell Hoffman, University of Toronto; and Michael Housman, Evolv, Inc., "The Facts About Referrals: Toward an Understanding of Employee Referral Networks"

* Marina Halac and Andrea Prat, Columbia University, "Managerial Attention and Worker Engagement"

* Rui de Figueiredo, Jr., University of California, Berkeley; Evan Rawley, Columbia University; and Orie Shelef, Stanford University, "Bad Bets: Excessive Risk-Taking, Convex Incentives, and Performance"

* Bjorn Bartling, University of Zurich; and Manuel Grieder and Christian Zehnder, University of Lausanne, "Delegating Responsibility to the Market: How Competition Shapes Fairness Perceptions"

* Arthur Campbell, Yale University, "Political Capital"

* Laura Alfaro, Harvard Business School; Paola Conconi, ECARES, Universite Libre de Bruxelles; Harald Fadinger, University of Vienna; and Andrew Newman, Boston University, "Do Prices Determine Vertical Integration? Evidence from Trade Policy" (NBER Working Paper No. 16118)

* Ilya Segal, Stanford University, and Michael Whinston, MIT and NBER, "Property Rights and the Efficiency of Bargaining"

* Sandeep Baliga, Northwestern University, and Tomas Sjostrom, Rutgers University, "Coordination, Rent-Seeking, and Control"

Summaries of these papers are available at: http://www.nber.org/confer/2013/OEf13/summary.html

International Trade and Investment

The NBER's Program on International Trade and Investment met in San Francisco on December 6 and 7, 2013. Program Director and Research Associate Robert Feenstra of the University of California, Davis organized the meeting. The following papers were discussed:

* Marc Melitz, Harvard University and NBER, and Stephen Redding, Princeton University and NBER, "Firm Heterogeneity and Aggregate Welfare" (NBER Working Paper No. 18919)

* Robert Feenstra, "Restoring the Product Variety and Pro-competitive Gains from Trade with Heterogeneous Firms and Bounded Productivity"

* George Alessandria, Federal Reserve Bank of Philadelphia; Horag Choi, Monash University; and Kim Ruhl, New York University, "Trade Adjustment Dynamics and the Welfare Gains from Trade"

* Gordon Hanson and Marc-Andreas Muendler, University of California, San Diego and NBER; and Nelson Lind, University of California, San Diego, "The Dynamics of Comparative Advantage: Hyperspecialization and Evanescence"

* Andrew Bernard and Andreas Moxnes, Dartmouth College and NBER; and Karen Helene UlltveitMoe, University of Oslo, "Two-sided Heterogeneity and Trade"

* Natalia Ramondo, University of California, San Diego; Andres Rodriguez-Clare, University of California, Berkeley and NBER; and Milagro Saborio-Rodriguez, University of Costa Rica, "Trade, Domestic Frictions, and Scale Effects"

* Gihoon Hong, Indiana University, South Bend, and John McLaren, University of Virginia and NBER, "Are Immigrants a Shot in the Arm for the Local Economy?"

* Volker Nocke, University of Mannheim, and Stephen Yeaple, Pennsylvania State University and NBER, "Globalization and Multiproduct Firms" (NBER Working Paper No. 19409)

Summaries of these papers may be found at: http://www.nber.org/confer/2013/ITIf13/summary.html
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Publication:NBER Reporter
Geographic Code:1U9CA
Date:Dec 22, 2013
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