International Center for Scientific Culture "Villa Orlandi", Anacapri

 Tuesday, 23 June 2015


Morning Session: Macroeconomics


8:45 – 9:30 Matthew Shapiro (University of Chicago)

How Individuals Smooth Spending:Evidence from the 2013 Government Shutdown Using Account Data (joint with M. Gelman, S. Kariv, D. Silverman, S. Tadelis


09.30 – 10.15 Dimitris Christelis (University of Naples Federico II and CSEF)

Uncertainty about Future Consumption and Precautionary Saving (joint with D. Christelis, D. Georgarakos, and M. van Rooij)


10.15 – 10.45 Coffee break


10.45 – 11.30 Isabella Loretti Dobrescu (University of New South Wales)

Retirement Savings:A Tale of Decisions and Defaults (joint with X. Fan, H. Bateman, B.R. Newell, A. Ortmann, and S. Thorp)


11.30 – 12.15 Amir Kermani (University of California, Berkeley)

The Importance of Unemployment Insurance as an Automatic Stabilizer (joint with M. Di Maggio)


13.00 – 14.00 Lunch


Afternoon session: Behavioural Economics


14.00 – 14.45 Matthew Rabin (Harvard University)

Errors in Social Inference: Models and Implications


14.45 – 15.30 Antonio Rosato (University of Technology Sydney) 

Loss Aversion in Sequential Auctions: Endogenous Interdependence, Informational Externalities and the "Afternoon Effect"


15.30 – 16.00 Coffee Break


16.00 – 16.45 Tristan Gagnon-Bartsch (Harvard University)

Naive Social Learning, Mislearning, and Unlearning (joint with M. Rabin)


16.45 – 17.30 Filip Matejka (CERGE-EI) 

Electoral Competition with rationally Inattentive Voters (joint with G. Tabellini)


Wednesday 24 June 2015


Morning Session: Micro Theory


8:45 – 9:30 Paul Milgrom (Stanford University)

Adverse Selection and Auction Design for Internet Display Advertising


09.45 – 10.30 Nenad Kos (Bocconi University and IGIER)

Selling to the mean (joint with M. Messner)


10.15 – 10.45 Coffee break


10.45 – 11.30 Pierpaolo Battigalli (Università Bocconi and IGIER)

A Note on Comparative Ambiguity Aversion and Justifiability (joint with S. Cerreia-Vioglio, F. Maccheroni and M. Marinacci)


11.30 – 12.15 Sarah Auster (Università Bocconi and IGIER)

Competing Mechanisms in Lemon Markets (joint with P. Gottardi)


12.15 – 13.00 Juan-Jose Ganuza (Universitat Pompeu Fabra)

Information Disclosure in Optimal Auctions (joint with J. Penalva)


13.00 – 14.00 Lunch


Afternoon session: Finance


14.00– 14.45 Markus Brunnermeier (Princeton University)

The I Theory of Money (joint with Y. Sannikov)


14.45 – 15.30 Andrea Polo (Universitat Pompeu Fabra and Barcelona GSE) 

Double Bank Runs and Liquidity Risk Management (joint with F. Ippolito, J. Peydró, and E. Sette)


15.30 – 16.00 Coffee Break


16.00 – 16.45 Marco Pagano (University of Naples Federico II and CSEF)

Bank Sovereign Exposures, Risk and Lending in the Euro Debt Crisis (joint with C. Altavilla and S. Simonelli)


16.45 – 17.30 Giuseppe Corbisiero (University of Mannheim) 

Banks’ Home Bias and Credit Traps in a Monetary Union


20.00 Social Dinner


Thursday 25 June 2015


Morning Session: Applied Economics


08.45 – 9.30 Esteban Rossi-Hansberg (Princeton University)

Productivity and Organization in Portuguese Firms (joint with L. Caliendo, G. Mion and L. Opromolla)


09.30 – 10.15 Hans‐Joachim Voth (University of Zurich)

Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending (joint with P. Koudijs)


10.15 – 10.45 Coffee break


10.45 – 11.30 Jerome Adda (Bocconi University)

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation (joint with C. Dustmann and J.-S. Görlach)


11.30 – 12.15 Alberto Abadie (Harvard University) 

Endogenous Stratification in Randomized Experiments (joint with M. M. Chingos, and M. R. West)


12.15 – 13.00 Ethan Ilzetzki (London School of Economics) 

Does Vote Counting Count? Labor Productivity through the Lens of an Electoral Task (joint with S. Simonelli)


13.00 – 14.00 Lunch


Afternoon session: Finance


14.00– 14.45 Efraim Benmelech (Northwestern University)

The Real Cost of Liquidity During the Financial Crisis: Evidence from Automobiles (joint with R. Meisenzahl and R. Ramcharan)


14.45 – 15.30 Andrew Ellul (Indiana University, CEPR, CSEF and ECGI) 

Labor Unemployment Risk and CEO Incentive Compensation (joint with C. Wang and K. Zhang)


15.30 – 16.00 Coffee Break


16.00 – 16.45 Alberto Motta (University of New South Wales)

Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India (joint with P. Maitra, S. Mitra, D. Mookherjee and S.Visaria)


16.45 – 17.30 Emiliano Huet-Vaughn (Middlebury College)

Do Social Camparisons Motivate Workers? A Field Experiment on Relative Earnings and Labor Supply


Friday 26 June 2015


Morning Session: Applied Economics


09:00 – 09:45 Giovanni Pica (University of Milan and CSEF)

Correlating Social Mobility and Economic Outcomes (joint with M. Güell, M. Pellizzari and J. V. Rodríguez Mora)


09.45 – 10.30 Giovanni Mastrobuoni (University of Essex)

Rehabilitating Rehabilitation: Prison Conditions and Recidivism (joint with D. Terlizzese)


10.30 – 11.00 Coffee break


11.00 – 11.45 Marco Maria Sorge (University of Göttingen and CSEF)

Indeterminacy, Misspecification and Forecastability: What a Good Luck in Bad Policy? (joint with L. Fanelli)


11.45 – 12.30 Fulvio Ortu (Bocconi University and IGIER)

A Persistence-based Wold-type Decomposition for Stationary Time Series (joint with F. Severino, A. Tamoni, and C.Tebaldi)


12.30 – 14.00 Lunch