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3EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

WELCOMEMESSAGEOn behalf of Nova School of Business and Economics we are delighted to welcome you in Lisbon to the 43rd Annual Conference of the European Association for Research in Industrial Economics.

We wish to express gratitude to everybody who generously contributed to the success of this event. First, we are grateful to Alessandro Gavazza, for setting up a scientific programme of excellent quality. Second, we are grateful to the members of the scientific committee who helped Alessandro in his demanding job of selecting the very best papers for this event. Foremost, we would like to thank Patrícia Poças (Nova SBE) and Mundi-convenius for their ceaseless efforts to make everything run smoothly, and Ene Kannel (EIASM) for her in-valuable input along the process. We would also like to thank our sponsors CRAI, Anacom, Banco de Portugal and E.CA for their kind donations and helping us to make this conference a success.

The 43rd Conference of the EARIE offers an excellent opportunity for researchers and professionals inter-ested in Industrial Economics to exchange new views and discuss both theoretical and applied problems. The conference includes eight parallel sessions, six Rising Stars sessions, twelve invited speakers and three keynote speakers: Susan Athey (Stanford University), Steven Tadelis (University of California, Berkeley), and the outgoing EARIE president John Sutton (LSE).

We hope you enjoy the conference and wish you a very pleasant stay in Lisbon.

The EARIE 2016 LOC:Carlos Santos, Guido Maretto, Duarte Brito, Patrícia Poças, Steffen Hoernig (chair)

If you need help please call:

Steffen Hoernig: (+351) 964 409 677

Patrícia Poças: (+351) 919 234 352

Sponsors

4 EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

FLOOR MAPS

WELCOME MESSAGE

NOVA SBE

GENERAL INFORMATION

SCIENTIFIC COMMITTEE

YOUNG ECONOMISTS’ ESSAY AWARDS

KEYNOTE SPEACHES

INVITED SESSIONS

RISING STAR SESSIONS

INFORMATION FOR SPEAKERS

DETAILED PROGRAMME

Friday, August 26th

Saturday, August 27th

Sunday, August 28th

INDEX OF PRESENTERS

INFORMATION ABOUT LISBON AND PORTUGAL

CAMPUS AND CITY MAPS

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CONTENTS


NOVA SBE

The 43rd EARIE Annual Conference is organized by Nova School of Business and Economics.

Nova School of Business and Economics is the most prestigious Portuguese school in the areas of Economics and Management. It is a triple crown-accredited school with three Masters programs and Executive Education programs in the FT rankings, and classified as a Universal Business School (5 Palmes) with 11 Masters among the best in the Eduniversal rankings. Nova SBE is also a member of the prestigious CEMS network having won twice the title of CEMS School of the year (2010, 2011).

Since its establishment in 1976, it has been a pioneer in Portugal in several areas, being the first to offer a full-time MBA program (1982), the first to start teaching in English and the first to be internationally accredited (EQUIS 2004).

Nova School of Business and Economics has stepped up its activity at the international level, not only as an institution but also in terms of its program portfolio. It has founded is 2009 a business school in Africa - Nova Angola Business School -, offers the only FT-ranked MSc in Finance in Brazil, and implemented Executive Education programs in such diverse locations as Mozambique, Brazil and Northern and Eastern Europe



GENERAL INFORMATION

Conference VenueNova School of Business and EconomicsCampus de Campolide1099-032 LisboaPortugal

Registration and assistance The registration desk is located at the entrance of the Nova SBE building.

Programme changes General announcements, last-minute changes and updates to the programme will be displayed on the message board next to the registration desk. Badges Your name badge signals your admission to the conference, please make sure you wear it at all times, also during social events.

Conference assistants In the conference venue there are conference assistants which will help you find your way around and with problems in conference rooms.

CateringLunches and coffee breaks are held in the tents behind Nova SBE.

Conference Rooms All rooms are equipped with a PC with USB ports, Microsoft Office, Adobe Acrobat Reader, projector, and a screen.

Campus AccessThe main entrance to the campus will be closed for cars on Sunday, but there is a secondary access on Travessa Estêvão Pinto.

Internet connection at the Conference venueIn the conference venue, you will be able to access the Internet via WiFi.

WIFI:All users who have access to the Eduroam wireless network should preferably usetheir own accounts. If you do not have an Eduroam account, please use the following login data:Network eduroamUsername: [email protected] Password: $989a88s

This network can be used at any location with wireless coverage on campus.

Registration fee The registration fee includes EARIE Membership, admission to all scientific sessions, conference materials (congress bag, badge, programme, etc.), certificate of participation, coffee breaks and luncheons, admission to welcome cocktail and conference dinner.


SCIENTIFIC COMMITTEE

The Scientific Committee for EARIE 2016 is chaired by Alessandro Gavazza (London School of Economics). He is a co-editor of the Journal of Industrial Economics and a research fellow of the CEPR. His research focuses on the role of frictions in markets. He has also studied the role of information in elections, and the interactions between labor and healthcare markets. His research has been published in the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies.

Head: Alessandro Gavazza

Victor Aguirregabiria (U Toronto)Simon Peter Anderson (U Virginia)John Asker (UCLA)Heski Bar-Isaac (U Toronto)Pedro Pita Barros (Nova Lisbon)Michael Baye (Kelley School of Business)Paul Belleflamme (Université Catholique de Louvain)Gary Biglaiser (U North Carolina)Francis Bloch (Paris School of Economics)Jan Boone (Tilburg U)Bart J. Bronnenberg (Tilburg U)Luis Cabral (NYU Stern)Giacomo Calzolari (U Bologna)Carlo Cambini (Florence School of Regulation)Bruno Cassiman (IESE)Federico Ciliberto (U Virginia)Sofronis Clerides (U Cyprus)Pascal Guy Courty (U Victoria)Gregory S Crawford (U Zurich)Jan De Loecker (Princeton U)Vincenzo Denicolo (U Leicester)Pierre Dubois (Toulouse School of Economics)Liran Einav (Stanford U)Alon Eizenberg (Hebrew U)Winand Emons (U Bern)Susanna Esteban (Barcelona Graduate School of Economics)Natalia Fabra (Carlos III Madrid)Rosa Ferrer (Universitat Pompeu Fabra)Arthur Fishman (Bar-Ilan U)Chiara Fumagalli (Bocconi U)Philippe Gagnepain (PSE)Juanjo Ganuza (Universitat Pompeu Fabra)Alessandro Gavazza (LSE)Thomas Paul Gehrig (U Vienna)David Genesove (Hebrew U)Matthew Gentry (LSE)Jacob Goeree (University of Technology Sydney)Dietmar Harhoff (Max-Planck Munich)Paul Heidhues (ESMT)Steffen Hoernig (Nova SBE, Lisbon)Elisabetta Iossa (Università degli Studi di Roma)Maarten Janssen (U Vienna)Doh-Shin Jeon (U Toulouse)Ulrich Kaiser (U Zurich)Myrto Kalouptsidi (Princeton U)Tobias Kretschmer (LMU Munich)Saul Lach (The Hebrew U of Jerusalem)Patrick Legros (ECARES)

Gerard Llobet (CEMFI)Inés Macho-Stadler (Barcelona Graduate School of Economics)Christian Michel (Universitat Pompeu Fabra)Jeanine Miklos-Thal (U Rochester)Jose L. Moraga-Gonzalez (VU U Amsterdam)David P Myatt (LBS)Kathleen Nosal (U Mannheim)Hans-Theo Normann (DICE Düsseldorf)Carlos Esteban Noton (Universidad de Chile)Marco Ottaviani (Bocconi U)Martin Peitz (U Mannheim)Pedro Pereira (CEFAGE)Helena Perrone (Universitat Pompeu Fabra)Emmanuel Petrakis (U Crete)Andrea Pozzi (Einaudi Institute for Economics and Finance)Mar Reguant (Northwestern U)Regis Renault (Université Paris Dauphine)Patrick Rey (Toulouse School of Economics)Bradley J. Ruffle (Wilfrid Laurier U)Jozsef Sakovics (The U of Edinburgh)Carlos Santos (Nova Lisbon) Pasquale Schiraldi (LSE)Fabiano Schivardi (Luiss U)Philipp Schmidt-Dengler (U Vienna)Armin Schmutzler (U Zurich)Christian Schultz (U Copenhagen)Nicolas Schutz (U Mannheim)Howard William Smith (Oxford U)Michelle Sovinsky (U Mannheim)Giancarlo Spagnolo (SITE)Yossi Spiegel (Tel Aviv U)Frode Steen (NHH)John Sutton (LSE)Otto Toivanen (KU Leuven)Catherine Tucker (MIT)Hannes Ullrich (U Zurich)Tommaso Valletti (Imperial College)Johannes Van Biesebroeck (KU Leuven)Frank Verboven (KU Leuven)Nikos Vettas (Athens U of Economics and Business)Reinhilde Veugelers (KU Leuven)Sofia Villas-Boas (U California, Berkeley)Matthijs R Wildenbeest (Kelley School of Business)Julian Wright (NU Singapore)Yaron Yehezkel (Tel Aviv U)Christine Zulehner (Goethe University Frankfurt)


YOUNG ECONOMISTS’ ESSAY AWARDS

The EARIE Conference is aiming to encourage and foster young researchers in Industrial Economics, and the Young Economists’ Essay Awards (YEEA) support that aim by recognizing innovative, impressive work that is likely to have an impact.

The criteria for the YEEA award are that the author (or all authors of a multiple-authored paper) must be under 35 years old and have completed their PhDs less than 5 years ago. Each year one of the YEEAs recognizes work with a policy contribution and is dedicated to the late Paul Geroski. This year is the 11th time that EARIE bestows this award in Paul Geroski’s memory.

More than 100 submissions were eligible for the award, and were considered by a committee consisting of Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinsky (University of Mannheim), and John Sutton (London School of Economics).

THE YEEA WINNERS ARE:

1 - Estimation of Discrete Games with Weak Assumptions on Informationby Lorenzo Magnolfi, Yale University (Presenter); and Camilla Roncoroni, Yale University

2 - Do Low Price Guarantees Hurt Consumers? Theory and Evidenceby Samir Mamadehussene, Northwestern University11th EARIE Paul Geroski Prize for the most significant policy contribution

3 - Network Competition in the Airline Industry: A Framework for Empirical Policy Analysisby Zhe Yuan, University of Toronto

Selection Committee:Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinski (University of Mannheim), and John Sutton (London School of Economics).

KEYNOTE SPEACHES

Susan Athey: “Aggregators, Intermediaries, and Internet News Consumption”26/08, 13:15 – 14:30 (Reitoria)Susan Athey is The Economics of Technology Professor at the Stanford Graduate School of Business. Her current research focuses on the design of auction-based marketplaces and the economics of the internet, primarily on online advertising and the economics of the news media. She has also studied dynamic mechanisms and games with incomplete information, comparative statics under uncertainty, and econometric methods for analyzing auction models. She won the John Bates Clark Medal in 2007.

Steve Tadelis: “Reputation, Feedback and Other Signals in Online Markets”27/08, 16:30 – 17:45 (Reitoria)Steven Tadelis is Professor of Economics, Business and Public Policy, Joe Shoong Chair in International Business, at the Haas School of Business, University of California Berkeley. His research focuses on firm reputation; the effects of contract design and organizational form on firm behavior; public and private sector procurement and award mechanisms; and, most recently, the economics of e-commerce.

John Sutton (Presidential Address): “A Flash in the Pan or A New African Dawn? Prospects and Challenges for African Industrialisation”28/08, 16:30 – 17:45 (Reitoria)John Sutton is the Sir John Hicks Professor of Economics at the London School of Economics. His research focuses on market structure and industrial evolution, most recently applied to developing countries. He is the outgoing President of EARIE.


INVITED SESSIONS

The EARIE 2016 Conference will include the following invited sessions, all taking place in room A120:

1 – Finance and IO (26/08, 14:45 – 16:15)Jakub Kastl (Princeton), Gregor Matvos (Chicago)

2 - Information in Markets (26/08, 16:45 – 18:15)Alessandro Bonatti (MIT), Matt Mitchell (Toronto)

3- Consumer Search (27/08, 11:30 – 13:00)Yongmin Chen (Colorado), Jidong Zhou (Yale)

4- Media (27/08, 14:30 – 16:00)Gregory Crawford (Zurich), Joel Waldfogel (Minnesota)

5- Regulated Markets (28/08, 11:30 – 13:00)Igal Hendel (Northwestern), Hunt Allcott (NYU)

6- Behavioral IO (28/08, 14:30 – 16:00)Rani Spiegler (Tel Aviv), Paul Heidhues (ESMT)

RISING STARS SESSIONS

Following their successful introduction at EARIE 2015 in Munich, “Rising Stars” sessions highlight the best graduate student submissions. To provide valuable feedback to promising young scholars, papers are discussed individually by senior scholars. Please check the session list for presenters, papers and discussants.

INFORMATION FOR SPEAKERS

Conference RoomsAll conference rooms are equipped with a notebook with USB ports, Microsoft Office, Adobe Acrobat Reader, and a projector. Note for presenters and discussants: please use these notebooks for your presentations and bring along your slides on a USB memory device. Please arrive 10 minutes prior to the start of the session to upload your presentation to the notebook before the session starts.

DurationTo ensure the smooth proceeding of the Conference, please start and finish the sessions on time. Please note that each presenter has approximately 25 minutes for the presentation, the remaining time should be left for discussion. The chair and the speakers should agree on the precise timing and format of the discussion: that is whether it covers the session as a whole or comes following each paper.

Session ChairsChairs are invited to come to the room 10 minutes prior to the start of the session. They introduce the topic and the speakers, make sure that the time rules are followed and guide the general discussion following the presentation. They should also coordinate with the speakers and agree on the form and precise timing of the discussion. The conference programme identifies the chairs for each session: in case the scheduled chair does not show up, the presenter of the session’s last paper is expected to take over the role of the chair.


DETAILED PROGRAMME

Session 1: Advertising IAugust 26, 2016 14:45 to 16:15Room ISEGI 1

Session Chair: Sandro Shelegia, Pompeu Fabra UniversitySession type: contributed

Business models in commercial media markets: Bargaining, advertising, and mixingBy Alexander Rasch; Duesseldorf Institute for Competition Economics, University of Duesseldorf; Miriam Thoene; University of Duesseldorf; Tobias Wenzel; University of BathPresented by: Miriam Thoene, University of Duesseldorf

How Effective Are Advertising Bans? On the Demand for Quality in Two-Sided Media MarketsBy Tanja Greiner; University of Munich; Marco Sahm; U BambergPresented by: Marco Sahm, U Bamberg

Advertising and Price Competition in Online MarketsBy Hamid Aghadadashli; U DüsseldorfPresented by: Hamid Aghadadashli, U Düsseldorf

Session 2: Finance and IOAugust 26, 2016 14:45 to 16:15Room A120

Session Chair: Michelle Sovinsky, U MannheimSession type: invited Estimating Demand Systems for Financial ProductsBy Jakub Kastl; Princeton UniversityPresented by: Jakub Kastl, Princeton University The Market for Financial Adviser MisconductBy Gregor Matvos; University of ChicagoPresented by: Gregor Matvos, University of Chicago

Session 3: Airlines IAugust 26, 2016 14:45 to 16:15Room 143

Session Chair: Kohei Kawaguchi, Hitotsubashi UniversitySession type: contributed

Balancing Competition and Cooperation: Evidence from Transatlantic Airline MarketsBy Kai Hueschelrath; ZEW MannheimPresented by: Kai Hueschelrath, ZEW Mannheim The hidden side of dynamic pricing in airline marketsBy Marco Alderighi; Universita’ della Valle d’AostaAlberto Gaggero; University of PaviaClaudio Piga; Keele University, UKPresented by: Claudio Piga, Keele University, UK Does Competition Increase Quality? Evidence from the US Airline IndustryBy Ricard Gil; Johns Hopkins Myongjin Kim; U OklahomaPresented by: Myongjin Kim, U Oklahoma


Session 4: Collusion IAugust 26, 2016 14:45 to 16:15Room 217

Session Chair: Matthew Olczak, Aston Business SchoolSession type: contributed Cooperation vs. Collusion: How Essentiality Shapes Co-opetitionBy Patrick Rey; Toulouse School of EconomicsJean Tirole; Toulouse School of EconomicsPresented by: Patrick Rey, Toulouse School of Economics The scope for collusion under different pricing schemesBy Florian Goessl; University of CologneAlexander Rasch; Duesseldorf Institute for Competition Economics, University of DuesseldorfPresented by: Alexander Rasch, Duesseldorf Institute for Competition Economics, University of Duesseldorf Pricing Behaviour of Cartel Outsiders in Incomplete CartelsBy Johannes Odenkirchen; University of DüsseldorfPresented by: Johannes Odenkirchen, University of Düsseldorf

Session 5: DelegationAugust 26, 2016 14:45 to 16:15Room 215

Session Chair: Axel Gautier, U Liege, HEC Management SchoolSession type: contributed Delegating relational contracts to corruptible intermediariesBy Marta Troya-Martinez; New Economic SchoolLiam Wren-Lewis; Paris School of Economics (INRA)Presented by: Marta Troya-Martinez, New Economic School Strategic Short-Termism: Implications for the Management and Acquisition of Customer RelationshipsBy Topi Miettinen; Hanken School of EconomicsRune Stenbacka; Hanken School of EconomicsPresented by: Rune Stenbacka, Hanken School of Economics Information and endogenous delegation in a rent-seeking contestBy Lambert Schoonbeek; U GroningenPresented by: Lambert Schoonbeek, U Groningen

Session 6: Electricity Markets IAugust 26, 2016 14:45 to 16:15Room 240

Session Chair: Michael Waterson, U WarwickSession type: contributed Persistent and transient productive inefficiency in a regulated industry: electricity distribution in New ZealandBy Massimo Filippini; University of Lugano and ETH Zurich (JoiWilliam Greene; New York UniversityGiuliano Masiero; University of LuganoPresented by: Giuliano Masiero, University of Lugano Mergers and Cost Efficiency in the Electricity Distribution IndustryBy Robert Clark; HEC MontrealMario Samano; HEC MontrealPresented by: Mario Samano, HEC Montreal

Disincentive Regulation: Evidence for Ratchet Effect among German Electricity Distribution System OperatorsBy Michael Hellwig; ZEW MannheimDominik Schober; ZEW MannheimPresented by: Michael Hellwig, ZEW Mannheim


Session 7: EntrepreneurshipAugust 26, 2016 14:45 to 16:15Room 117

Session Chair: Ian Gregory-Smith, U SheffieldSession type: contributed Gender and Entrepreneurial Success: Evidence from a Field ExperimentBy Armando J. Garcia Pires; Norwegian School of Economics (NHH)Lars Ivar Berge; Norwegian School of Economics (NHH)Presented by: Armando J. Garcia Pires, Norwegian School of Economics (NHH) A General Equilibrium Theory of Firm Formation under Optimal ExpectationsBy Luis Santos-Pinto; U LausanneMichele Dell’Era; Bocconi UniversityPresented by: Luis Santos-Pinto, U Lausanne

Session 8: Media and Entertainment MarketsAugust 26, 2016 14:45 to 16:15Room 219

Session Chair: Peter Newberry, Pennsylvania State UniversitySession type: contributed Economics of Music Charts: Market Concentration and Product VarietyBy Joanna Syrda; University of BathPresented by: Joanna Syrda, University of Bath

Moving Music Licensing Into The Digital Era: More Competition And Less Regulation> slidesBy Thomas Lenard; Technology Policy InstituteLawrence White; New York UniversityPresented by: Lawrence White, New York University

Session 9: Mergers IAugust 26, 2016 14:45 to 16:15Room 209

Session Chair: Philippe Chone, CRESTSession type: contributed Merger Guidelines for Bidding MarketsBy Philippe Gagnepain; Paris School of EconomicsDavid Martimort; Paris School of EconomicsPresented by: Philippe Gagnepain, Paris School of Economics

The Impact of Merger Legislation on Bank MergersBy Elena Carletti; BocconiSteven Ongena; University of ZurichJan-Peter Siedlarek; Federal Reserve Bank of ClevelandGiancarlo Spagnolo; Stockholm School of EconomicsPresented by: Jan-Peter Siedlarek, Federal Reserve Bank of Cleveland

Merger Efficiency Gains: An Assessment of the French Urban Transport IndustryBy Joanna Piechucka; U Paris 1 Panthéon-SorbonnePresented by: Joanna Piechucka, U Paris 1 Panthéon-Sorbonne


Session 10: Networks IAugust 26, 2016 14:45 to 16:15Room 301

Session Chair: Tim Hellmann, Bielefeld UniversitySession type: contributed Entry into complementary goods markets with network effectsBy Gaston Llanes; Catholic U of ChileAndrea Mantovani; University of BolognaFrancisco Ruiz-Aliseda; Catholic U of ChilePresented by: Andrea Mantovani, University of Bologna

Interconnection and PrioritizationBy Pio Baake; DIW BerlinSlobodan Sudaric; Humboldt University of BerlinPresented by: Slobodan Sudaric, Humboldt University of Berlin

Compatibility, Intellectual Property, Innovation and Welfare in Durable Goods Markets with Network Effects> slidesBy Athanasios Athanasopoulos; Leicester Business SchoolPresented by: Athanasios Athanasopoulos, Leicester Business School

Session 11: OrganizationsAugust 26, 2016 14:45 to 16:15Room 118

Session Chair: Matthew Ellman, Institute for Economic Analysis (CSIC)Session type: contributed Communication Costs and the Internal Organization of Multi-Plant Businesses: Evidence from the Impact of the French High-Speed RailBy Claire Lelarge; Crest et RITM - Paris Saclay UniversityPauline CharnozCorentin TREVIENPresented by: Claire Lelarge, Crest et RITM - Paris Saclay University

The Impact of Public-Private Partnerships on productivity of the Italian District Heating industryBy Vincenzo MollisiPresented by: Vincenzo Mollisi

The Impact of Organization Costs when Firm-selection MattersBy Marco dePinto; Trier UniversityJörg Lingens; U MünsterPresented by: Marco dePinto, Trier University

Session 12: Pharmaceuticals IAugust 26, 2016 14:45 to 16:15Room 144

Session Chair: Carmine Ornaghi, University of SouthamptonSession type: contributed Delisting of pharmaceuticals from insurance coverage: effects on consumption, pricing and expenditures in FranceBy Laura Lasio; McGill UniversityPresented by: Laura Lasio, McGill University

Growth and returns to new products and pack varieties: The case of UK pharmaceuticalsBy Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Farasat Bokhari; University of East AngliaFranco Mariuzzo; University of East AngliaPresented by: Farasat Bokhari, University of East Anglia


Session 13: Platforms IAugust 26, 2016 14:45 to 16:15Room 203

Session Chair: Özlem Bedre-Defolie, European School of Management and TechnologySession type: contributed

A note on partial merchant internalization and MIT thresholdBy Vilen Lipatov; Compass Lexecon BrusselsPresented by: Vilen Lipatov, Compass Lexecon Brussels Taxation of a Digital Monopoly PlatformBy Marc Bourreau; Telecom ParisTechPresented by: Marc Bourreau, Telecom ParisTech Vertical Mergers in Two-Sided MarketsBy Jerome Pouyet; PSEThomas Tregouet; Université de Cergy-PontoisePresented by: Thomas Tregouet, Université de Cergy-Pontoise

Session 14: Pricing IAugust 26, 2016 14:45 to 16:15Room 119

Session Chair: Thomas von Ungern-Sternberg, UNILSession type: contributed

Do Low Price Guarantees Hurt Consumers? Theory and EvidenceBy Samir Mamadehussene; Northwestern UniversityPresented by: Samir Mamadehussene, Northwestern University Promotional AllowancesBy Teis Lømo; University of BergenSimen Ulsaker; Norwegian School of EconomicsPresented by: Teis Lømo, University of Bergen Payment Evasion>slidesBy Stefan Buehler; University of St. GallenDaniel Halbheer; HEC ParisMichael Lechner; Swiss Institute for Empirical Economic Research (SEW), University of St. GaPresented by: Stefan Buehler, University of St. Gallen

Session 15: Retail MarketsAugust 26, 2016 14:45 to 16:15Room A223

Session Chair: Marie Laure Allain, Ecole PolytechniqueSession type: contributed

Estimating Store Choices with Endogenous Shopping Bundles and Price UncertaintyBy Hyunchul Kim; Sungkyunkwan UniversityKyoo il Kim; Michigan State UniversityPresented by: Hyunchul Kim, Sungkyunkwan University How Market Frictions Destroy the Incentives to Invest in Quality: An Application to the Grocery Retail IndustryBy Guillermo Marshall; University of Illinois at Urbana-ChampaignTiago Pires; U North CarolinaPresented by: Guillermo Marshall, University of Illinois at Urbana-Champaign Estimating the Effects of Deregulation in the Ontario Alcohol Retail MarketBy Victor Aguirregabiria; University of TorontoPresented by: Victor Aguirregabiria, University of Toronto


Session 16: Rising Stars IAugust 26, 2016 14:45 to 16:15Room A224

Session Chair: Sofronis Clerides, University of Cyprus Session type: contributed Are Consumers Myopic? Evidence From Handset and Mobile Services ChoicesBy Ambre Nicolle; Université de Montpellier and Telecom ParisTechPresented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTechDiscussant: Gregory Crawford, U Zürich Dynamic Pricing under Capacity-constrained Competition with a DeadlineBy Philipp Dimakopoulos; Humboldt University BerlinPresented by: Philipp Dimakopoulos, Humboldt University BerlinDiscussant: Alessandro Bonatti, Massachusetts Institute of Techology Slo Building an Online Reputation with Free Content: Evidence from the E-book MarketBy Dainis Zegners; LMU MunichPresented by: Dainis Zegners, LMU MunichDiscussant: Sofronis Clerides, University of Cyprus

Session 17: Telecoms IAugust 26, 2016 14:45 to 16:15Room 241

Session Chair: Michal Grajek, ESMT European School of Management and Technology Session type: contributed Are Consumers Myopic? Evidence From Handset and Mobile Services ChoicesBy Ambre Nicolle; Université de Montpellier and Telecom ParisTechPresented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTechDiscussant: Gregory Crawford, U Zürich A Price Concentration Study On European Mobile Telecom MarketsBy Pauline Affeldt; DIW BerlinRainer Nitsche; ESMTPresented by: Pauline Affeldt, DIW Berlin Margin Squeeze Regulation and Infrastructure CompetitionBy Niklas Horstmann; Karlsruhe Institute of TechnologyJan Krämer; University of PassauDaniel Schnurr; Karlsruhe Institute of TechnologyPresented by: Daniel Schnurr, Karlsruhe Institute of Technology Internet and Politics: Evidence from U.K. Local Elections and Local Government PoliciesBy Mattia Nardotto; DIW BerlinAlessandro Gavazza; London School of EconomicsTommaso Valletti; Imperial College LondonPresented by: Mattia Nardotto, DIW Berlin


Session 18: Collusion IIAugust 26, 2016 16:45 to 18:15Room 215

Session Chair: Iwan Bos, Maastricht USession type: contributed

A registered Cartel and its End. Cementing Austrian Industry StructureBy Nikolaus Fink; WU Vienna University of Business and EconomicsPresented by: Nikolaus Fink, WU Vienna University of Business and Economics Estimating Unilateral and Coordinated Effects of Vertical IntegrationBy Masato Nishiwaki; Waseda UPresented by: Masato Nishiwaki, Waseda U The Incidence of Fines on Cartel Dynamic PricingBy Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Franco Mariuzzo; University of East AngliaPeter Ormosi; University of East AngliaPresented by: Anna Rita Bennato, Centre for Competition Policy and Oxford Brookes U

Session 19: Information in MarketsAugust 26, 2016 16:45 to 18:15Room A120

Session Chair: Jidong Zhou, Yale University Session type: invited

Free (Ad)viceBy Matthew Mitchell; University of TorontoPresented by: Matthew Mitchell, University of Toronto Information Revelation and Consumer PrivacyBy Alessandro Bonatti; Massachusetts Institute of Techology SloPresented by: Alessandro Bonatti, Massachusetts Institute of Techology Slo

Session 20: Corporate GovernanceAugust 26, 2016 16:45 to 18:15Room 102

Session Chair: Lawrence White, New York UniversitySession type: contributed

The impact of `A-day’ on executive pensions and pay for performanceBy Damon Morris; University of SheffieldIan Gregory-Smith; U SheffieldBrian Main; University of EdinburghAlberto Montagnoli; University of SheffieldPeter Wright; University of SheffieldPresented by: Ian Gregory-Smith, U Sheffield Strategic Corporate Social ResponsibilityBy Lisa Planer-Friedrich; University of BambergMarco Sahm; U BambergPresented by: Lisa Planer-Friedrich, University of Bamberg How do Labor Representatives Affect Incentive Orientation of Executive Compensation?By Katharina Dyballa; TU Dortmund UniversityKornelius Kraft; University of DortmundPresented by: Katharina Dyballa, TU Dortmund University


Session 21: Demand EstimationAugust 26, 2016 16:45 to 18:15Room 219

Session Chair: Christian Bontemps, Toulouse School of EconomicsSession type: contributed

When can a demand system be described by a multinomial logit with income effect?By Jacques Thisse; COREPhilipp Ushchev; Higher School of Economics, MoscowPresented by: Philipp Ushchev, Higher School of Economics, Moscow Random Coefficient Demand Estimation by Optimal Instrument-Based Continuously Updated GMMBy Zsolt Sandor; Sapientia University Miercurea CiucPresented by: Zsolt Sandor, Sapientia University Miercurea Ciuc

Session 22: EntryAugust 26, 2016 16:45 to 18:15Room 217

Session Chair: Myongjin Kim, U Oklahoma Session type: contributed

Estimation of Discrete Games with Weak Assumptions on Information> slidesBy Lorenzo Magnolfi; Yale UniversityCamilla RoncoroniPresented by: Lorenzo Magnolfi, Yale University

Public procurement and the right to health: entry into pharmaceutical markets with firm heterogeneity> slidesBy Eduardo Fiuza; IPEACamila Ferraz; STN/MF BrasilRafael Mourão; IPEAPresented by: Eduardo Fiuza, IPEA

Sales Tax, E-commerce, and Amazon’s Fulfillment Center NetworkBy Jean Francois Houde; University of PennsylvaniaPeter Newberry; Pennsylvania State UniversityKatja Seim; University of PennsylvaniaPresented by: Peter Newberry, Pennsylvania State University

Session 23: Experiments IAugust 26, 2016 16:45 to 18:15Room 143

Session Chair: Ronald Peeters, Maastricht UniversitySession type: contributed

Entry by Successful Speculators in Auctions with ResaleBy Marco Pagnozzi; Universita’ di Napoli Federico IIPresented by: Marco Pagnozzi, Universita’ di Napoli Federico II Reputation in a vertically integrated market - An ExperimentBy Claudia Moellers; Duesseldorf Institute for Competition Economics (DICE)Presented by: Claudia Moellers, Duesseldorf Institute for Competition Economics (DICE) Collusion and Bargaining in Asymmetric Cournot Duopoly---An ExperimentBy Christian Fischer; Düsseldorf UniversityHans-Theo Normann; U DüsseldorfPresented by: Hans-Theo Normann, U Düsseldorf


Session 24: Innovation IAugust 26, 2016 16:45 to 18:15Room 117

Session Chair: Armin Schmutzler, University of ZurichSession type: contributed

Too Talented to Innovate? Dynamic Entrepreneurial Reputation, Project Selection and WelfareBy David Zvilichovsky; Tel Aviv University Noam Shamir; Tel-Aviv UniversityPresented by: David Zvilichovsky, Tel Aviv University Delaying Product Innovation: A Dynamic Analysis with Endogenous Time HorizonBy Serhat Gezer; University BielefeldPresented by: Serhat Gezer, University Bielefeld

Session 25: IO Theory IAugust 26, 2016 16:45 to 18:15Room 241

Session Chair: Amedeo Piolatto, Barcelona Economics InstituteSession type: contributed

Monopolistic Competition, Entry Subsidies, and Capital Intensity of InvestmentsBy Markos Jung; University of Münster, Institute of Public EconomicsPresented by: Markos Jung, University of Münster, Institute of Public Economics The effect of inter-temporal arbitrage on consumersBy Michael Waterson; U WarwickPresented by: Michael Waterson, U Warwick

Endogenizing monopolistic competitionBy Sergey Kokovin; Novosibirsk State University, IM SB RAS, NRU Higher School of EconomicsMathieu Parenti; Université Libre de BruxellesJacques Thisse; Universite catholique de LouvainPresented by: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics

Session 26: Networks IIAugust 26, 2016 16:45 to 18:15Room 144

Session Chair: Stefan Buehler, University of St. GallenSession type: contributed

R&D Investments under Endogenous Cluster FormationBy Herbert Dawid; U BielefeldTim Hellmann; Bielefeld UniversityPresented by: Tim Hellmann, Bielefeld University R&D oligopolies, entry and networksBy Filomena Garcia; Indiana UniversityPenelope HernandezManuel Munoz-Herrera; University of GroeningenPresented by: Filomena Garcia, Indiana University Knowledge Spillovers and their Impact on Innovation Success – A New Approach Using Patent Backward CitationsBy Spyros Arvanitis; KOF Swiss Economic InstituteFlorian Seliger; ETH ZurichMartin Woerter; ETH ZürichPresented by: Florian Seliger, ETH Zurich


Session 27: Patents IAugust 26, 2016 16:45 to 18:15Room 209

Session Chair: Jorge Lemus, University of Illinois Urbana ChampaignSession type: contributed

Dynamic effects of patent pools: Evidence from inter-generational competition in optical disk industryBy Sadao Nagaoka; Tokyo Keizai UPresented by: Sadao Nagaoka, Tokyo Keizai U Contribution of patent examination to making the patent scope consistent with the invention: Evidence from JapanBy Yoshimi Okada; Hitotsubashi UniversityYusuke Naito; Hitotsubashi UniversitySadao Nagaoka; Tokyo Keizai UPresented by: Yoshimi Okada, Hitotsubashi University

Optimal Patent Protection with Sequential and Complementary InnovationsBy Vincenzo Denicolo; University of LeicesterPiercarlo Zanchettin; University of LeicesterPresented by: Piercarlo Zanchettin, University of Leicester

Session 28: Platforms IIAugust 26, 2016 16:45 to 18:15Room 240

Session Chair: Thomas Tregouet, Université de Cergy-PontoiseSession type: contributed

Search platforms: Showrooming and price parity clausesBy Chengsi Wang; University of MannheimJulian Wright; National University of SingaporePresented by: Chengsi Wang, University of Mannheim

Anti-competitive Effects of Across Platform Parity Agreements on the Online Booking MarketBy Thomas Larrieu; Ecole PolytechniquePresented by: Thomas Larrieu, Ecole Polytechnique

Platform Price Parity Clauses with Direct SalesBy Bjørn Olav Johansen; University of BergenThibaud VERGE; CRESTPresented by: Thibaud VERGE, CREST


Session 29: R & D and Innovation IAugust 26, 2016 16:45 to 18:15Room 118

Session Chair: Koki Oikawa, Waseda UniversitySession type: contributed

Alliances and the innovative performance of corporate and public research spin-offsBy John Hagedoorn; University MaastrichtBoris Lokshin; University of MaastrichtStéphane Malo; Amercian University of ParisPresented by: Stéphane Malo, Amercian University of Paris Key success drivers in public research grants: Funding the seeds of radical innovation in academia?By Albert Banal-Estañol; UPF and BGSEInes Macho-Stadler; Universitat Autonoma de Barcelona and BGSEDavid Perez-Castrillo; UABPresented by: David Perez-Castrillo, UAB Macroeconomic conditions and efficiency of public R&DBy Michele Cincera; Université Libre de BruxellesVirginie Maghe; Solvay Brussels School of Economics and ManagementAnabela Santos; Université Libre de BruxellesPresented by: Anabela Santos, Université Libre de Bruxelles

Session 30: Regulated FirmsAugust 26, 2016 16:45 to 18:15Room 119

Session Chair: Alberto Iozzi, U Roma Tor VergataSession type: contributed

Finding the Right Yardstick: Regulation under Heterogeneous EnvironmentsBy Endre Bjørndal; NHH Norwegian School of EconomicsMette Bjørndal; NHHAstrid Cullmann; DIW BerlinMaria Nieswand; DIW BerlinPresented by: Maria Nieswand, DIW Berlin Productivity Growth and the Public and Private Ownership of Regulated FirmsBy Astrid Cullmann; DIW BerlinMaria Nieswand; DIW BerlinJulia Rechlitz; DIW BerlinPresented by: Julia Rechlitz, DIW Berlin

Revenue sharing agreements in regulated sectorsByMariana Cunha; Católica Porto Business School and CEGE, Universidade Católica PortuguesaRicardo Gonçalves; Universidade Católica PortuguesaPresented by: Mariana Cunha, Católica Porto Business School and CEGE, Universidade Católica Portuguesa


Session 31: Rising Stars IIAugust 26, 2016 16:45 to 18:15Room A224

Session Chair: David Genesove, Hebrew U JerusalemSession type: contributed

Learning and Investment under Demand Uncertainty in Container ShippingBy Jihye Jeon; NYU Stern Business SchoolPresented by: Jihye Jeon, NYU Stern Business SchoolDiscussant: Victor Aguirregabiria, University of Toronto

Firm Entry and Former Monopoly Advantage: Evidence from the Fertilizer Marketing Sector in IndiaBy Beata Itin-Shwartz; Hebrew University of JerusalemPresented by: Beata Itin-Shwartz, Hebrew University of JerusalemDiscussant: Margaret Slade, The University of British Columbia

Price-Matching Strategies in the German Gasoline Retail MarketBy Sascha Wilhelm; Goethe University FrankfurtPresented by: Sascha Wilhelm, Goethe University FrankfurtDiscussant: David Genesove, Hebrew U Jerusalem

Session 32: Search Theory August 26, 2016 16:45 to 18:15Room A223

Session 33: Advertising II August 27, 2016 09:30 to 11:00Room A120

Session Chair: Maarten Janssen, U ViennaSession type: contributed

Rational Buyers Search When Prices IncreaseBy Luis Cabral; NYU SternPresented by: Luis Cabral, NYU Stern

Guided SearchBy Tobias Gamp; U BonnPresented by: Tobias Gamp, U Bonn

Competitive sequential search equilibriumBy Jose L. Moraga-Gonzalez; VU AmsterdamMakoto Watanabe; VU University AmsterdamPresented by: Jose L. Moraga-Gonzalez, VU Amsterdam

Session Chair: Jose L. Moraga-Gonzalez, VU AmsterdamSession type: contributed

Sales, Advertising, and Heterogeneous FirmsBy Sandro Shelegia; Pompeu Fabra UniversityChris Wilson; Loughborough UniversityPresented by: Chris Wilson, Loughborough University

De-Targeting: Advertising an Assortment of Products to Loss-Averse ConsumersBy Heiko Karle; ETH ZürichMartin Peitz; U MannheimPresented by: Martin Peitz, U Mannheim

Targeted advertising and consumer informationBy Sébastien Broos; University of LiègePresented by: Sébastien Broos, University of Liège


Session 34: Behavioral EconomicsAugust 27, 2016 09:30 to 11:00Room 217

Session Chair: Heiko Karle, ETH ZurichSession type: contributed

Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer SearchBy Adriaan Soetevent; U GroningenTadas Bruzikas; U GroningenPresented by: Tadas Bruzikas, U Groningen Targeted Information and Limited AttentionBy Andreas Hefti; University of Zurich; Zurich University of Applied SciencesShuo Liu; University of ZurichPresented by: Andreas Hefti, University of Zurich; Zurich University of Applied Sciences

Decomposing the Afternoon Effect: An Empirical Investigation of Sequential Train Ticket AuctionsBy Ola Andersson; IFNPresented by: Ola Andersson, IFN

Session 35: Buyer PowerAugust 27, 2016 09:30 to 11:00Room 219

Session Chair: Thibaud VERGE, CRESTSession type: contributed

Category captains and buyer powerBy Marie Laure Allain; Ecole PolytechniqueClemence Christin; U CaenPresented by: Clemence Christin, U Caen Buyer Power and Dependency in a Model of NegotiationsBy Joao Montez; University of LausannePresented by: Joao Montez, University of Lausanne

Vertical Bargaining and Retail Competition: What Drives Countervailing Power?By Germain Gaudin; U DüsseldorfPresented by: Germain Gaudin, U Düsseldorf

Session 36: Collusion IIIAugust 27, 2016 09:30 to 11:00Room 240

Session Chair: Michele Polo, Bocconi UniversitySession type: contributed

Endogenous firms’ organization, internal audit and leniency programsBy Emilie Dargaud; University Lyon 2Armel Jacques; University of La ReunionPresented by: Emilie Dargaud, University Lyon 2 Does enforcement deter cartels?: A tale of two tailsBy Iwan Bos; Maastricht UStephen Davies; University of East AngliaJoseph Harrington; The Wharton School, University of PennsyPeter Ormosi; University of East AngliaPresented by: Iwan Bos, Maastricht U Partial Cross Ownership and Explicit CollusionBy Samuel de Haas; Justus-Liebig-University GiessenJohannes Paha; University of GiessenPresented by: Samuel de Haas, Justus-Liebig-University Giessen


Session 37: Contracts IAugust 27, 2016 09:30 to 11:00Room 241

Session Chair: Luis Vasconcelos, University of EssexSession type: contributed

Gradual collective wage bargainingBy Sabien Dobbelaere; Vrije Universiteit AmsterdamRoland Iwan Luttens; Amsterdam University CollegePresented by: Sabien Dobbelaere, Vrije Universiteit Amsterdam Contracts as a barrier to entry in markets with non-pivotal buyersBy Özlem Bedre-Defolie; European School of Management and TechnologyGary Biglaiser; UNC-Chapel HIllPresented by: Özlem Bedre-Defolie, European School of Management and Technology

Informative Milestones in ExperimentationBy Christoph Wolf; University of MannheimPresented by: Christoph Wolf, University of Mannheim

Session 38: Firm Dynamics IAugust 27, 2016 09:30 to 11:00Room 144

Session Chair: Pradeep Kumar, U ExeterSession type: contributed

Transport investment in railways to generate knowledge transfer from interfirm worker mobilityBy Hannu Piekkola; University of VaasaPresented by: Hannu Piekkola, University of Vaasa The Growth and Human Capital Structure of New Firms over the Business CycleBy Udo Brixy; Institute for Employment Research (IAB)Martin Murmann; Centre for European Economic Research (ZEW)Presented by: Martin Murmann, Centre for European Economic Research (ZEW)

Illuminating the World Cup Effect: Night Lights Evidence from South AfricaBy Gregor Pfeifer; U HohenheimFabian Wahl; University of HohenheimMartyna Marczak; University of HohenheimPresented by: Gregor Pfeifer, U Hohenheim

Session 39: Intellectual PropertyAugust 27, 2016 09:30 to 11:00Room 209

Session Chair: Sadao Nagaoka, Tokyo Keizai USession type: contributed

Optimal Timing of Sequential Distribution in the Presence of PiracyBy Jimena Ferraro; Toulouse School of EconomicsPresented by: Jimena Ferraro, Toulouse School of Economics Designing Dynamic Research TournamentsBy Jean-Michel Benkert; University of ZurichIgor Letina; University of ZurichPresented by: Igor Letina, University of Zurich Growth and Welfare Effects of Intellectual Property Rights when Consumers differ in IncomeBy Christian Kiedaisch; University of ZurichPresented by: Christian Kiedaisch, University of Zurich


Session 40: Mergers IIAugust 27, 2016 09:30 to 11:00Room 143

Session Chair: Franco Mariuzzo, University of East AngliaSession type: contributed

Mergers in Innovative Industries: The Role of Product Market CompetitionBy Guillermo Marshall; University of Illinois at Urbana-ChampaignAlvaro Parra; University of British ColumbiaPresented by: Guillermo Marshall, University of Illinois at Urbana-Champaign Sequential mergers under product differentiation in a partially privatized marketBy Takeshi Ebina; Shinshu UniversityDaisuke Shimizu; Gakushuin UniversityPresented by: Takeshi Ebina, Shinshu University

Entry and Merger PolicyBy Laure Jaunaux; OrangeYassine Lefouili; Toulouse School of EconomicsWilfried Sand-Zantman; Toulouse School of EconomicsPresented by: Wilfried Sand-Zantman, Toulouse School of Economics

Session 41: Oligopoly IAugust 27, 2016 09:30 to 11:00Room 118

Session Chair: Yiquan Gu, University of LiverpoolSession type: contributed

Mixed industry outcomes in oligopoly markets with socially concerned firmsBy Michael Kopel; U GrazFabio Lamantia; University of ManchesterPresented by: Michael Kopel, U Graz Duopoly with Vertical Differentiation: Efficient Equilibria, Covered Market and Maximum Differentiation under the Finiteness PropertyBy Masuyuki Nishijima; Yokohama City UniversityPresented by: Masuyuki Nishijima, Yokohama City University

Bidding for input in oligopolyBy Roberto Burguet; Institute of Economic Analysis (CSIC)Jozsef Sakovics; The University of EdinburghPresented by: Jozsef Sakovics, The University of Edinburgh

Session 42: Organizations - Theory of the FirmAugust 27, 2016 09:30 to 11:00Room 119

Session Chair: Andrea Canidio, INSEADSession type: contributed

Investment decisions and the role of wasteful proceduresBy Malin Arve; NHH Norwegian School of EconomicsTakakazu Honryo; Mannheim University

Presented by: Malin Arve, NHH Norwegian School of Economics A Formal Haggling Theory of Firm Boundaries: A Trade-Off Between Bargaining Costs and Too Much InterventionBy Yusuke Mori; Tokyo International UniversityPresented by: Yusuke Mori, Tokyo International University Organizing for Change: The Optimality of Pro-Changer OrganizationsBy Hideshi Itoh; Hitotsubashi UPresented by: Hideshi Itoh, Hitotsubashi U


Session 43: Platforms IIIAugust 27, 2016 09:30 to 11:00Room 102

Session Chair: Chengsi Wang, University of MannheimSession type: contributed

Exclusive Contents in Two-Sided MarketsBy Akifumi Ishihara; National Graduate Institute for Policy SRyoko Oki; Hosei UniversityPresented by: Ryoko Oki, Hosei University From Nintendo to Facebook: Two-Sided Markets with Exclusive ContractsBy Pak Yee Lee; Hong Kong Baptist UniversityPresented by: Pak Yee Lee, Hong Kong Baptist University

Add-On Services, Bundling and Exclusive Contracts in Platform MarketsBy Carlotta Mariotto; Mines ParisTechMarianne Verdier; U Paris 2Presented by: Marianne Verdier, U Paris 2

Session 44: Procurement IAugust 27, 2016 09:30 to 11:00Room A223

Session Chair: Giancarlo Spagnolo, Stockholm School of Economics-SITESession type: contributed

Ex-ante and ex-post outsourcing in public procurement: Temporary Partnership vs subcontractingBy Laura Rondi; Politecnico di TorinoPaola Valbonesi; University of PaduaPresented by: Paola Valbonesi, University of Padua Design of public procurement auctions: evidence from cleaning contractsBy Ari Hyytinen; University of JyväskyläSofia Lundberg; Umeå UniversityOtto Toivanen; KU LeuvenPresented by: Ari Hyytinen, University of Jyväskylä

Teaching an old dog a new trick:reserve price and unverifiable quality in repeated procurementBy Gian Luigi Albano; R&D UnitBerardino Cesi; University of Tor Vergata Alberto Iozzi; U Roma Tor VergataPresented by: Alberto Iozzi, U Roma Tor Vergata


Session 45: Rising Stars IIIAugust 27, 2016 09:30 to 11:00Room A224

Session Chair: Joel Waldfogel, University of MinnesotaSession type: contributed

{Competition, Price Dispersion and Capacity Constraints: The case of the U.S. Corn Seed Industry.By Cornelia Ilin; University of Wisconsin, MadisonPresented by: Cornelia Ilin, University of Wisconsin, MadisonDiscussant: Luis Cabral, NYU Stern Quantifying Inertia in Retail Deposit MarketsBy Florian Deuflhard; Unversity of FrankfurtPresented by: Florian Deuflhard, Unversity of FrankfurtDiscussant: Michelle Sovinsky, U Mannheim Search, Consumer Information, and Competition in the Mobile App MarketBy Daniel Ershov; University of TorontoPresented by: Daniel Ershov, University of TorontoDiscussant: Joel Waldfogel, University of Minnesota

Session 46: Search Empirics August 27, 2016 09:30 to 11:00Room 215

Session Chair: Andras Kiss, University of AmsterdamSession type: contributed

No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing InformationBy Alexei Alexandrov; Consumer Financial Protection BureauSergei Koulayev; Consumer Financial Protection BureauPresented by: Alexei Alexandrov, Consumer Financial Protection Bureau Does Online Search Increase Sales? Evidence from Big Data for Car Markets in Germany and the UKBy Valentine Millot; OECDGeorg von Graevenitz; QMULPresented by: Valentine Millot, OECD

Search on a Business-to-Consumer Online Market: An Explanation for Price Dispersion and Implications to Firm Pricing StrategyBy Wenche Wang; University of FloridaPresented by: Wenche Wang, University of Florida

Session 47: Vertical IntegrationAugust 27, 2016 09:30 to 11:00Room 117

Session Chair: Nicolas Schutz, University of MannheimSession type: contributed

Demand Shocks and Vertical Integration: Evidence from a Natural ExperimentBy Danny McGowan; University of NottinghamHuyen Nguyen; University of NottinghamPresented by: Danny McGowan, University of Nottingham Unregulated upstream monopolist in vertical structure: Vertical integration versus legal unbundlingBy Yusuke Ikuta; Kobe UniversityPresented by: Yusuke Ikuta, Kobe University Integration or Outsourcing: Combining Ex Ante Distortions and Ex Post InefficienciesBy Verena Nowak; U DüsseldorfPresented by: Verena Nowak, U Düsseldorf


Session 48: Advertising IIIAugust 27, 2016 11:30 to 13:00Room 219

Session Chair: Chris Wilson, Loughborough UniversitySession type: contributed

Freemium on Advertising PlatformBy Yusuke Zennyo; Osaka University of EconomicsPresented by: Yusuke Zennyo, Osaka University of Economics Quality Competition among Platforms: a Media Market CaseBy Maria Rosa Battaggion; University of BergamoSerena Marianna Drufuca; University of Milan (LASER)Presented by: Maria Rosa Battaggion, University of Bergamo

Selling News Information to ConsumersBy Johannes Dittrich; University of MannheimHeiko Karle; ETH ZürichHeiner Schumacher; University of LeuvenPresented by: Johannes Dittrich, University of Mannheim

Session 49: Consumer SearchAugust 27, 2016 11:30 to 13:00Room A120

Session Chair: Luis Cabral, NYU SternSession type: invited

Intermediaries and Consumer SearchBy Yongmin Chen; University of Colorado at Boulder Presented by: Yongmin Chen, University of Colorado at Boulder Multiproduct Consumer SearchBy Jidong Zhou; Yale UniversityPresented by: Jidong Zhou, Yale University

Session 50: Airlines IIAugust 27, 2016 11:30 to 13:00Room 240

Session Chair: Claudio Piga, Keele University, UKSession type: contributed

Dynamic Oligopoly with Financial Friction: The U.S. Airline Industry after the DeregulationBy Kohei Kawaguchi; Hitotsubashi UniversityKen Onishi; Singapore Management UniversityPresented by: Kohei Kawaguchi, Hitotsubashi University

An Airline Merger and its Remedies: JAL-JAS of 2002By hiroshi ohashi; Faculty of Economics, University of TokyoPresented by: hiroshi ohashi, Faculty of Economics, University of Tokyo


Session 51: Auction Theory IAugust 27, 2016 11:30 to 13:00Room A223

Session Chair: Jozsef Sakovics, The University of EdinburghSession type: contributed

Auctions with Bid Credits and ResaleBy Simon Loertscher; University of MelbourneLeslie Marx; Fuqua School of BusinessPresented by: Leslie Marx, Fuqua School of Business Robust BiddingBy Vitali Gretschko; U CologneHelene Mass; University of ColognePresented by: Vitali Gretschko, U Cologne Market Power and Welfare in Asymmetric Divisible Good AuctionsBy Carolina Manzano; universitat Rovira i VirgiliXavier Vives; IESEPresented by: Xavier Vives, IESE

Session 52: Environmental Econ IAugust 27, 2016 11:30 to 13:00Room 241

Session Chair: Martin Woerter, ETH ZürichSession type: contributed

Distributional and Environmental Effects of an Emissions-Differentiated Car Sales TaxBy Robin Stitzing; Nokia TechnologiesPresented by: Robin Stitzing, Nokia Technologies Designing FeebatesBy Sofronis Clerides; University of CyprusCostas Hadjiyiannis; University of CyprusPresented by: Sofronis Clerides, University of Cyprus

Measures to Promote Green Cars: Evaluation at a Car Variant LevelBy Taiju Kitano; Hitotsubashi UniversityPresented by: Taiju Kitano, Hitotsubashi University

Session 53: Experiments IIAugust 27, 2016 11:30 to 13:00Room 144

Session Chair: Alexia Gaudeul, Georg-August-Universität GöttingenSession type: contributed

Vertical Integration as a Source of Hold-up: an ExperimentBy Marie Laure Allain; Ecole PolytechniqueClaire Chambolle; INRAPatrick Rey; Toulouse School of EconomicsSabrina Teyssier; INRA-ALISSPresented by: Marie Laure Allain, Ecole Polytechnique Number effects and tacit collusion in experimental oligopoliesBy Niklas Horstmann; Karlsruhe Institute of TechnologyJan Krämer; University of PassauDaniel Schnurr; Karlsruhe Institute of TechnologyPresented by: Daniel Schnurr, Karlsruhe Institute of Technology Strategy Revision Opportunities and CollusionBy Matthew Embrey; University of SussexFriederike Mengel; University of Essex Ronald Peeters; Maastricht UniversityPresented by: Ronald Peeters, Maastricht University


Session 54: Firm Productivity August 27, 2016 11:30 to 13:00Room 209

Session Chair: Claire Lelarge, Crest et RITM - Paris Saclay UniversitySession type: contributed

Mobile Information and Communication Technologies, Flexible Work Organization and Labor Productivity: Firm-Level EvidenceBy Steffen Viete; Centre for European Economic ResearchDaniel Erdsiek; Centre for European Economic ResearchPresented by: Steffen Viete, Centre for European Economic Research Innovation and productivity in a S&T intensive sector: the case of Information industries in SpainBy Nestor Duch-Brown; JRC IPTS European CommissionIbrahim Kholilul Rohman; European CommissionPresented by: Nestor Duch-Brown, JRC IPTS Euroean Commission

Privatization, Distortions, and ProductivityBy Kun Li; Toulouse School of EconomicsPresented by: Kun Li, Toulouse School of Economics

Session 55: Health IAugust 27, 2016 11:30 to 13:00Room 119

Session Chair: Matilde Machado, Universidad Carlos III de MadridSession type: contributed

Two-Sided Matching in Physician-Insurer Networks: Evidence from Medicare AdvantageBy Kathleen Nosal; U Mannheim Presented by: Kathleen Nosal, U Mannheim Mandatory Disclosure: Theory and Evidence from Industry-Physician RelationshipsBy Vardges Levonyan; ETH ZurichPresented by: Vardges Levonyan, ETH Zurich

The Welfare Effects of Private Rooms in German Nursing Homes: A Structural ApproachBy Amela Saric, DICE, University of Duesseldorf Presented by: Amela Saric, DICE, University of Duesseldorf

Session 56: Innovation IIAugust 27, 2016 11:30 to 13:00Room 203

Session Chair: Florian Schuett, Tilburg USession type: contributed

Do start-ups benefit from higher R&D investment during recessions? A comparison between Germany and the USABy Martin Hud; ZEW Centre for European Economic ResearchMartin Carree; Maastricht UniversityPresented by: Martin Hud, ZEW Centre for European Economic Research

The effect of firm turnover on innovation strategies: Panel data evidenceBy Alex Armand; University of NavarraPedro Mendi; Universidad de NavarraPresented by: Alex Armand, University of Navarra

Combining Knowledge and Capabilities across Borders and Nationalities: Evidence from the inventions applied through PCTBy Naotoshi Tsukada; GRIPSSadao Nagaoka; Tokyo Keizai UniversityPresented by: Naotoshi Tsukada, GRIPS


Session 57: IO Theory IIAugust 27, 2016 11:30 to 13:00Room 143

Session Chair: Gabor Virag, U TorontoSession type: contributed

Vertical Competition and Collusion in Information AcquisitionBy Andrea Canidio; INSEADThomas Gall; University of SouthamptonPresented by: Andrea Canidio, INSEAD Optimal Dynamic Market MakingBy Simon Loertscher; University of MelbourneEllen Muir; University of MelbournePeter Taylor; University of MelbournePresented by: Simon Loertscher, University of Melbourne In the club: Strategic admission, membership, and endogenous splitsBy Michael Sacks; University of California, IrvinePresented by: Michael Sacks, University of California, Irvine

Session 58: Mechanism DesignAugust 27, 2016 11:30 to 13:00Room 118

Session Chair: Matthias Lang, Free University BerlinSession type: contributed

Trembling mechanismsBy Trembling mechanismsPresented by: Joao Correia-da-Silva, TSE and U. Porto Optimal Crowdfunding DesignBy Matthew Ellman; Institute for Economic Analysis (CSIC)Sjaak Hurkens; Institute for Economic Analysis (CSIC)Presented by: Matthew Ellman, Institute for Economic Analysis (CSIC)

On the impossibility of protecting risk-takersBy Toomas Hinnosaar; Collegio Carlo AlbertoPresented by: Toomas Hinnosaar, Collegio Carlo Alberto

Session 59: Mergers IIIAugust 27, 2016 11:30 to 13:00Room 117

Session Chair: Pedro Pereira, Autoridade da ConcorrênciaSession type: contributed

Unilateral Effects Screens for Partial Horizontal Acquisitions: The Generalized HHI and GUPPIBy Duarte Brito; Universidade Nova de LisboaAntónio Osório; Universitat Rovira i VirgiliRicardo Ribeiro; Universidade Católica PortuguesaHelder Vasconcelos; U PortoPresented by: Ricardo Ribeiro, Universidade Católica Portuguesa Ex Post Merger Analysis in the Car Market and the Role of ConductBy Ruben Savelkoul; KU LeuvenPresented by: Ruben Savelkoul, KU Leuven Mergers and Horizontal SubcontractingBy Jan Bouckaert; University of AntwerpGeert Van Moer; University of AntwerpPresented by: Geert Van Moer, University of Antwerp


Session 60: Pricing II August 27, 2016 11:30 to 13:00Room 102

Session Chair: Joana Resende, Universidade do Porto FEPSession type: contributed

Selling to Heterogeneous ProcrastinatorsBy Johannes Johnen; ESMTPresented by: Johannes Johnen, ESMT Excessive Competition for Headline PricesBy Excessive Competition for Headline PricesPresented by: Martin Obradovits, U Frankfurt

Directed search with divisible goodsBy Mats Godenhielm; University of HelsinkiPresented by: Mats Godenhielm, University of Helsinki

Session 61: Rising Stars IVAugust 27, 2016 11:30 to 13:00Room A224

Session Chair: Martin Peitz, U MannheimSession type: contributed

The Remuneration of Financial Advisors in Markets for Complex ProductsBy Jurre Thiel; Vrije Universiteit AmsterdamPresented by: Jurre Thiel, Vrije Universiteit AmsterdamDiscussant: Bruno Jullien, Toulouse School of Economics Pricing Heterogeneous Goods under Ex Post Private InformationBy Holger Herbst; University of BonnPresented by: Holger Herbst, University of BonnDiscussant: Heski Bar-Isaac, University of Toronto

Interchange Fee Regulation in the Credit Card MarketBy José Ignacio Heresi; Toulouse School of EconomicsPresented by: José Ignacio Heresi, Toulouse School of EconomicsDiscussant: Martin Peitz, U Mannheim

Session 62: Trade and IO IAugust 27, 2016 11:30 to 13:00Room 215

Session Chair: Jose Mata, University of LausanneSession type: contributed

Parallel imports and repair servicesBy Jota Ishikawa; Hitotsubashi UniversityHodaka Morita; School of Economics, ASBHiroshi Mukunoki; Gakushuin UniversityPresented by: Jota Ishikawa, Hitotsubashi University

Mutual Recognition for Sale: International Bargaining over Product StandardsBy Dapeng Cai; Nanzan UniversityJan Guldager Jorgensen; University of Southern DenmarkPresented by: Dapeng Cai, Nanzan University

The impact of imported intermediate inputs on export, production technology and wageBy Xi Chen; StatecPresented by: Xi Chen, Statec


Session 63: Vertical Relationships IAugust 27, 2016 11:30 to 13:00Room 217

Session Chair: Giacomo Calzolari, University of BolognaSession type: contributed

Upstream joint investment meets downstream technology choiceBy Keizo Mizuno; Kwansei Gakuin UKazuhiko Mikami; University of HyogoPresented by: Keizo Mizuno, Kwansei Gakuin U Consumer Search and Asymmetric Retail ChannelsBy Daniel Garcia; University of ViennaMaarten Janssen; U ViennaPresented by: Maarten Janssen, U Vienna Vertical Foreign Direct Investment: Make, Sell and (Not) BuyBy Chrysovalantou Milliou; Athens University of Economics and BusinessJoel Sandonis; University of AlicantePresented by: Chrysovalantou Milliou, Athens University of Economics and Business

Session 64: Airlines IIIAugust 27, 2016 14:30 to 16:00Room 102

Session Chair: Kai Hueschelrath, ZEW MannheimSession type: contributed

Points mechanisms and dynamic contracting with limited commitmentBy Emil Temnyalov; University of Technology SydneyPresented by: Emil Temnyalov, University of Technology Sydney Network Competition in the Airline Industry: A Framework for Empirical Policy Analysis>slidesBy Zhe Yuan; University of TorontoPresented by: Zhe Yuan, University of Toronto

The spatial scope of airline competitionBy Mark Lijesen; VU UniversityC Behrens; VU University, AmsterdamPresented by: Mark Lijesen, VU University

Session 65: Media MarketsAugust 27, 2016 14:30 to 16:00Room A120

Session Chair: Jakub Kastl, Princeton UniversitySession type: invited

The Welfare Effects of Vertical Integration in Multichannel Television MarketsBy Gregory Crawford; U ZürichPresented by: Gregory Crawford, U Zürich The Rise of China and its Impact on Consumers and Producers in Global Film MarketsBy Joel Waldfogel; University of MinnesotaPresented by: Joel Waldfogel, University of Minnesota


Session 66: Antitrust and Competition Policy August 27, 2016 14:30 to 16:00Room 240

Session Chair: Ulrich Schwalbe, University of HohenheimSession type: contributed

Balancing the Public Interest-Defense in Cartel OffensesBy Maarten Pieter Schinkel; University of AmsterdamLukas Toth; University of AmsterdamPresented by: Lukas Toth, University of Amsterdam Unilateral Practices, Antitrust Enforcement and CommitmentsBy Michele Polo; Bocconi UniversityPresented by: Michele Polo, Bocconi University

Evaluating Partial Divestitures when Vertical Relations are ImportantBy Pedro Pereira; Autoridade da ConcorrênciaTiago Ribeiro; Indera - Estudos Económicos, LdaPresented by: Pedro Pereira, Autoridade da Concorrência

Session 67: Collusion IVAugust 27, 2016 14:30 to 16:00Room 117

Session Chair: Vivek Ghosal, Georgia Institute of TechnologySession type: contributed

The effect of collusion on efficiency in experimental auctionsBy Gyula Seres; Humboldt U, Tilburg UPresented by: Gyula Seres, Humboldt U, Tilburg U Can collusion promote sustainable consumption and production?By Maarten Pieter Schinkel; University of AmsterdamYossi Spiegel; Tel Aviv UPresented by: Yossi Spiegel, Tel Aviv U

Collusion, Firm Numbers and Asymmetries Revisited>slidesBy Luke Garrod; Loughborough UniversityMatthew Olczak; Aston Business School Presented by: Matthew Olczak, Aston Business School

Session 68: Contracts and OrganizationsAugust 27, 2016 14:30 to 16:00Room 215

Session Chair: Christian Michel, Universitat Pompeu Fabra, Barcelona GSESession type: contributed

Delegating Authority in Organization with Subsequent Information RevelationBy Christoph Luelfesmann; Simon Fraser UniversityPresented by: Christoph Luelfesmann, Simon Fraser University

Sequential Moral Hazard under Financial Limits: Sequential versus Partnership ContractsBy Marco Buso; University of PadovaLuciano Greco; University of PaduaPresented by: Marco Buso, University of Padova

What Makes Geeks Tick? A Study of Stack Overflow Careers>slidesBy Lei Xu; McGill UniversityTingting Nian; UC IrvineLuis Cabral; NYU SternPresented by: Lei Xu, McGill University


Session 69: Credit Markets IAugust 27, 2016 14:30 to 16:00Room 119

Session Chair: Nicola Pavanini, University of ZurichSession type: contributed

Willingness to Pay for Firm Reputation: Paying for Risk Rating in the Annuity MarketBy Bernardita Vial; Pontificia Universidad Catolica de ChilePilar Alcalde; Universidad de Los Andes, ChilePresented by: Bernardita Vial, Pontificia Universidad Catolica de Chile Competition and the riskiness of banks’ loan portfoliosBy Oivind Nilsen; Norwegian School of EconomicsPresented by: Oivind Nilsen, Norwegian School of Economics Estimating Marginal Effects of the Government Sponsored EntitiesBy Alexei Alexandrov; Consumer Financial Protection BureauThomas Conkling; Consumer Financial Protection BureauSergei Koulayev; Consumer Financial Protection BureauPresented by: Thomas Conkling, Consumer Financial Protection Bureau

Session 70: Health IIAugust 27, 2016 14:30 to 16:00Room 219

Session Chair: Kathleen Nosal, U MannheimSession type: contributed

Regulated Age-Based Pricing in Health Insurance ExchangesBy Pietro Tebaldi; StanfordPresented by: Pietro Tebaldi, Stanford Asymmetric Information with multiple risks: the case of the Chilean Private Health Insurance MarketBy Matilde Machado; Universidad Carlos III de MadridPresented by: Matilde Machado, Universidad Carlos III de Madrid

Session 71: Information Economics IAugust 27, 2016 14:30 to 16:00Room 118

Session Chair: Anna Bayona, ESADE Business SchoolSession type: contributed

Regulating DeceptionBy Maarten Janssen; U ViennaSantanu Roy; Southern Methodist UniversityPresented by: Santanu Roy, Southern Methodist University Informative retailing: theory and applications to drugs, e-commerce and financial productsBy Jerome Pouyet; Paris School of EconomicsPresented by: Jerome Pouyet, Paris School of Economics

Optimal Syndication Decision of Corporate Venture Capital and Venture Capital FirmsBy Andreas Frick; Leibniz University of HannoverHannes Maxin; University of HannoverPresented by: Hannes Maxin, University of Hannover


Session 72: Innovation IIIAugust 27, 2016 14:30 to 16:00Room 143

Session Chair: Bettina Peters, ZEW MannheimSession type: contributed

Do Tax Incentives for Research Increase Firm Innovation? An RD Design for R&DBy Antoine Dechezlepretre; London School of EconomicsElias Einiö; VATT Institute for Economic Research ; Centre for Economics Performance,LSERalf Martin; Imperial collegeKieu Trang Nguyen; London School of EconomicsJohn Van Reenen; London School of EconomicsPresented by: Elias Einiö, VATT Institute for Economic Research ; Centre for Economics Performance, LSE R&D Subsidies and Firms’ Cost of DebtBy Sarah Demeulemeester; KULeuvenHanna Hottenrott; U DüsseldorfPresented by: Sarah Demeulemeester, KULeuven

Driving business performance: innovation complementarities and persistence patterns>slidesBy Eleonora Bartoloni; ISTAT, National Institute of StatisticsMaurizio Baussola; Università Cattolica del Sacro Cuore, Piacenza ITAPresented by: Eleonora Bartoloni, ISTAT, National Institute of Statistics

Session 73: Micro Theory IAugust 27, 2016 14:30 to 16:00Room 209

Session Chair: Simon Loertscher, University of MelbourneSession type: contributed

Legal Uncertainty as a Welfare Enhancing ScreenBy Matthias Lang; Free University BerlinPresented by: Matthias Lang, Free University Berlin Connecting third-degree price and labor discrimination literaturesBy Alexei Alexandrov; Consumer Financial Protection BureauPresented by: Alexei Alexandrov, Consumer Financial Protection Bureau

Guilt by AssociationBy Katrin Hussinger; U LuxembourgMaikel Pellens; ZEW MannheimPresented by: Katrin Hussinger, U Luxembourg


Session 74: Patents IIAugust 27, 2016 14:30 to 16:00Room 144

Session Chair: Vidya Atal, Montclair State UniversitySession type: contributed

Low-quality patents in the eye of the beholder: Evidence from multiple examinersBy Gaetan de Rassenfosse; Ecole polytechnique federale de LausanneAdam B Jaffe; Motu Economic and Public Policy ResearchElizabeth Webster; Swinburne University of TechnologyPresented by: Gaetan de Rassenfosse, Ecole polytechnique federale de Lausanne Information constraint of the patent office and examination quality: Evidence from the effects of initiation lagBy Sadao Nagaoka; Tokyo Keizai UIsamu Yamauchi; RIETIPresented by: Sadao Nagaoka, Tokyo Keizai U Screening for Patent Quality: Examination, Fees, and the CourtsBy Mark Schankerman; EconomicsFlorian Schuett; Tilburg UPresented by: Florian Schuett, Tilburg U

Session 75: Platforms IVAugust 27, 2016 14:30 to 16:00Room 241

Session Chair: Marianne Verdier, U Paris 2Session type: contributed

Segmentation versus Agglomeration: Competition between Platforms with Competitive SellersBy Heiko Karle; ETH ZurichMartin Peitz; U MannheimMarkus Reisinger; Frankfurt School of Finance & ManagementPresented by: Heiko Karle, ETH Zurich Merger control on two-sided markets: is there need for an efficiency defense?By Edmond Baranes; Universite Montpellier IThomas Cortade; BETA UMR CNRS 7522 and Universités de Lorraine et de StrasbourgAndreea Cosnita-Langlais; University Paris NanterrePresented by: Andreea Cosnita-Langlais, University Paris Nanterre

Ad networks and multi-homing consumersBy Anna D’Annunzio; Telenor ResearchAntonio Russo; KOF, ETH ZurichPresented by: Anna D’Annunzio, Telenor Research


Session 76: Price Discrimination IAugust 27, 2016 14:30 to 16:00Room 217

Session Chair: Toomas Hinnosaar, Collegio Carlo AlbertoSession type: contributed

Pricing with Cookies: Behavior-Based Price Discrimination and Spatial Competition>slidesBy Chongwoo Choe; Monash UniversityStephen King; Monash UniversityNoriaki Matsushima; Osaka UniversityPresented by: Noriaki Matsushima, Osaka U On the welfare effects of price discrimination through targeted advertisingBy Rosa-Branca Esteves; Universidade do Minho and NIPEJoana Resende; Universidade do Porto FEPPresented by: Joana Resende, Universidade do Porto FEP

Optimal Selling Mechanisms for On-line Services I: Price Discrimination and the Risk of InterruptionBy Georgios Petropoulos; Bruegel and Toulouse School of EconomicsPresented by: Georgios Petropoulos, Bruegel and Toulouse School of Economics

Session 77: Pricing IIIAugust 27, 2016 14:30 to 16:00Room 102

Session Chair: Martin Obradovits, U FrankfurtSession type: contributed

What drives price dispersion and market fragmentation across U.S. stock exchanges?By Yong Chao; University of Louisville Chen Yao; University of WarwickMao Ye; University of Illinois, Urbana-ChampaignPresented by: Yong Chao, University of Louisville On the Evolution of the United Kingdom Price DistributionsBy Ba Chu; Carleton UniversityKim Huynh; Bank of CanadaDavid Jacho-Chavez; Emory UniversityOleksiy Kryvtsov; Bank of CanadaPresented by: Kim Huynh, Bank of Canada

Lost in Transaction: Individual-Level Welfare Loss in Quickly-Circulating Durable Goods Markets with Planned Temporary OwnershipBy Jun Nakabayashi; Tohoku UniversityHisayuki Yoshimoto; University of GlasgowPresented by: Hisayuki Yoshimoto, University of Glasgow


Session 78: Procurement IIAugust 27, 2016 14:30 to 16:00Room A224

Session Chair: Paola Valbonesi, University of PaduaSession type: contributed

The Value of Revolving Doors in Brazilian Public ProcurementBy Klenio Barbosa; Sao Paulo School of Economics Stephane Straub; Toulouse School of EconomicsPresented by: Klenio Barbosa, Sao Paulo School of Economics Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

By Giacomo Calzolari; University of BolognaLeonardo Felli; London School of EconomicsJohannes Koenen; ifo InstituteGiancarlo Spagnolo; Stockholm School of Economics-SITEKonrad Stahl; University of MannheimPresented by: Giacomo Calzolari, University of Bologna The Role of Reputation when Awarding Contracts: Empirical Evidence from a Vendor Rating SystemBy Francesco Decarolis; Boston UniversityGiancarlo Spagnolo; Stockholm School of Economics-SITEPresented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE

Session 79: Vertical Relationships IIAugust 27, 2016 14:30 to 16:00Room A223

Session Chair: Celine Bonnet, Toulouse School of EconomicsSession type: contributed

Advertising in Vertical Relationships: An Equilibrium Model of the Automobile IndustryBy Charles Murry; The Pennsylvania State UniversityPresented by: Charles Murry, The Pennsylvania State University The role of nonlinear pricing and resale price maintenance on nominal price stability: Empirical evidence from the ready-to-eat cereal industryBy Jorge Florez Acosta; Universidad del RosarioPresented by: Jorge Florez Acosta, Universidad del Rosario

Free Entry and Social Inefficiency in Vertical Relationships: The Case of the MRI MarketBy Ken Onishi; Singapore Management UniversityNaoki Wakamori; University of TokyoPresented by: Naoki Wakamori, University of Tokyo


Session 80: Collusion VAugust 28, 2016 09:30 to 11:00Room 102

Session Chair: Jerome Pouyet, Paris School of EconomicsSession type: contributed

Measuring the Effectiveness of Anti-Cartel Interventions: A Conceptual FrameworkBy Yannis Katsoulacos; Athens University of Economics and BusinEvgenia Motchenkova; VU AmsterdamDavid Ulph; University of St Andrews Presented by: Evgenia Motchenkova, VU Amsterdam Policy Innovations, Political Preferences, and Cartel ProsecutionsBy Vivek Ghosal; Georgia Institute of TechnologyDaniel Sokol; University of FloridaPresented by: Vivek Ghosal, Georgia Institute of Technology

Collusion in Capacity Under Irreversible InvestmentBy Thomas Fagart; Université Paris 1; Paris School of EconomicsPresented by: Thomas Fagart, Université Paris 1; Paris School of Economics

Session 81: Empirical Contracts and AuctionsAugust 28, 2016 09:30 to 11:00Room 240

Session 82: FDIAugust 28, 2016 09:30 to 11:00Room 102

Session Chair: Philippe Gagnepain, Paris School of EconomicsSession type: contributed

Identification and Estimation of Incentive Contracts under Asymmetric Information: An Application to the French Water SectorBy Christian Bontemps; Toulouse School of EconomicsPresented by: Christian Bontemps, Toulouse School of Economics Specic Investment and Contract Design: Evidence from Public TransportationBy Jose Guillermo Diaz; CENTRUM CatolicaKei Kawai; University of California at BerkeleyAndre Trindade; Getulio Vargas Foundation Presented by: Jose Guillermo Diaz, CENTRUM Catolica

Do Auctions Really Encourage Competition?: Evidence from Revenue Comparisons between Auctions and Negotiations in the Primary Market for Japan’s 10-year Government BondsBy Tsuruoka; Waseda Institute for Advanced StudyPresented by: Tsuruoka, Waseda Institute for Advanced Study

Session Chair: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of EconomicsSession type: contributed

Foreign Direct Investment as a SignalBy Onur Koska; Middle East Technical University (METU)Ngo Van Long; McGill UniversityFrank Stähler; University of TübingenPresented by: Onur Koska, Middle East Technical University (METU) Acquisition or direct entry, technology transfer by foreign multinationals and FDI PolicyBy Nahom Tesfay Ghebrihiwet; VU University Amsterdam Presented by: Nahom Tesfay Ghebrihiwet, VU University Amsterdam

The dynamic competitive effects of trade and foreign direct investment: Firm-level evidence for European countriesBy John Weche; Monopolies Commission, GermanyPresented by: John Weche, Monopolies Commission, Germany


Session 83: Gasoline MarketsAugust 28, 2016 09:30 to 11:00Room 119

Session Chair: Andre Trindade, Getulio Vargas FoundationSession type: contributed

Strategic Entry and Potential Competition: Evidence from Compressed Gas Fuel RetailBy Giulia Pavan; Toulouse School of EconomicsAndrea Pozzi; Einaudi Institute for Economics and FinaGabriele Rovigatti; University of Rome “Tor Vergata”Presented by: Giulia Pavan, Toulouse School of Economics Tax Incidence and Competition – The Case of Gasoline Retail TaxationBy Clemens Fuest; Centre for European Economic Research (ZEW) and University of MannheimDominik Schober; ZEW MannheimOliver Woll; ZEW MannheimPresented by: Dominik Schober, ZEW Mannheim An Empirical Analysis of Price Guarantees: The Case of the German Petrol Market>slidesBy Ralf DewenterUlrich SchwalbePresented by: Ulrich Schwalbe, University of Hohenheim

Session 84: Information in Online Markets IAugust 28, 2016 09:30 to 11:00Room 118

Session Chair: Rune Stenbacka, Hanken School of EconomicsSession type: contributed

The effect of competition intensity on cybersecurity - An empirical analysis of security patch release on the web browser marketBy Arrah-Marie Jo, Telecom ParistechPresented by: Arrah-Marie Jo, Telecom Paristech Privacy ProtectionBy Bruno Jullien; Toulouse School of EconomicsPresented by: Bruno Jullien, Toulouse School of Economics

Informative transactions, disclosure and privacyBy Pingjing Bo; Jonkoping UniversityAgostino Manduchi, Jönköping UniversityPresented by: Agostino Manduchi, Jönköping University


Session 85: Innovation IVAugust 28, 2016 09:30 to 11:00Room 143

Session Chair: Reinhilde Veugelers, KU LeuvenSession type: contributed

A Dynamic View on Family Firms’ Innovation BehaviorBy Sandra Gottschalk; ZEW MannheimBettina Peters; ZEW MannheimJonas Steeger; University of HamburgPresented by: Bettina Peters, ZEW Mannheim Social Media as a Source of Creativity: Hype or a Serious Strategy?By Irene Bertschek; ZEW MannheimReinhold Kesler; ZEW MannheimPresented by: Reinhold Kesler, ZEW Mannheim

Technology PolarizationBy Minoru Kitahara; Osaka City UniversityKoki Oikawa; Waseda UniversityPresented by: Koki Oikawa, Waseda University

Session 86: IO Theory IIIAugust 28, 2016 09:30 to 11:00Room 209

Session 87: LicensingAugust 28, 2016 09:30 to 11:00Room 144

Session Chair: Marco Marini, University of Rome “La Sapienza” & CREISession type: contributed

Default Costs, Financial and Product Market Decisions and Default RiskBy Magali Costa; IPLEIRIA, CEFAGE, UEVORACesaltina Pires; CEFAGE, Universidade de ÉvoraPresented by: Cesaltina Pires, CEFAGE, Universidade de Évora Theory of monopoly with uncertain demandBy Klaus Kultti; university of helsinkiPresented by: Klaus Kultti, university of helsinki

Bilateral transactions with evidenceBy Martin Gregor; Charles University, PraguePresented by: Martin Gregor, Charles University, Prague

Session Chair: Marc Bourreau, Telecom ParisTechSession type: contributed

Dynamic Licencing of a Demand_Enhancing InnovationBy Thomas von Ungern-Sternberg; UNILPresented by: Thomas von Ungern-Sternberg, UNIL Vertical Licensing, Input Pricing, and EntryBy ELPINIKI BAKAOUKA; Athens University of Economics and BusinessChrysovalantou Milliou; Athens University of Economics and BusinessPresented by: ELPINIKI BAKAOUKA, Athens University of Economics and Business

Open Source Licensing and Software CompetitionBy Vidya Atal; Montclair State UniversityKameshwari Shankar; City College of New YorkPresented by: Vidya Atal, Montclair State University


Session 88: Mergers IVAugust 28, 2016 09:30 to 11:00Room A223

Session Chair: Ricardo Ribeiro, Universidade Católica PortuguesaSession type: contributed

Brewed in North America: Mergers, Efficiencies, and Market PowerBy Margaret Slade; The University of British ColumbiaPresented by: Margaret Slade, The University of British Columbia An empirical analysis of mergers: efficiency gains and impact on consumer pricesBy Celine Bonnet; Toulouse School of EconomicsJan Philip Schain; Düsseldorf Institute for Competition EconomicsPresented by: Celine Bonnet, Toulouse School of Economics Identification and Estimation of Intra-Firm and Industry Competition via Ownership ChangeBy Christian Michel; Universitat Pompeu Fabra, Barcelona GSEPresented by: Christian Michel, Universitat Pompeu Fabra, Barcelona GSE

Session 89: Oligopoly IIAugust 28, 2016 09:30 to 11:00Room 241

Session 90: Product QualityAugust 28, 2016 09:30 to 11:00Room 215

Session Chair: Michael Kopel, U GrazSession type: contributed

Market Structure and Competition in Transition: Results from a Spatial AnalysisBy Martin Labaj; University of Economics in BratislavaKarol Morvay; University of Economics in BratislavaPeter Silanic; University of Economics in BratislavaChristoph Weiss; Vienna University of Economics and BusinessBiliana Yontcheva; Vienna University of Economics and BusinessPresented by: Biliana Yontcheva, Vienna University of Economics and Business Mixed oligopoly and market power mitigationBy Carlos Suarez; Universitat de BarcelonaPresented by: Carlos Suarez; Universitat de Barcelona

On Managerial Incentive Payment and Product Market CompetitionBy Daniel Danau; U Caen Basse-NormandieYongying WANG; Université de CaenPresented by: Agostino Manduchi,Yongying WANG, Université de Caen

Session Chair: Guillermo Marshall, University of Illinois at Urbana-ChampaignSession type: contributed

Inspection in Disguise: A Study of Repeated Restaurant Inspection with A Dynamic ViewBy Jialiang Zhu; George Washington UPresented by: Jialiang Zhu, George Washington U Product Customization in teh Spokes ModelBy Reiko Aoki; Kyushu UJohn Hillas; The university of AucklandTina Kao; Australian National UPresented by: Reiko Aoki, Kyushu U

Curbing Obfuscation: Empower Consumers or Regulate Firms?By Yiquan Gu; University of LiverpoolTobias Wenzel; University of BathPresented by: Yiquan Gu, University of Liverpool


Session 91: Rising Stars VAugust 28, 2016 09:30 to 11:00Room A224

Session Chair: Matthijs Wildenbeest, Indiana USession type: contributed

Competing Under Financial Constraints>slidesBy Guillem Ordonez-Calafi; University of WarwickPresented by: Guillem Ordonez-Calafi, University of WarwickDiscussant: Yossi Spiegel, Tel Aviv U

Beyond financing: crowdfunding as an informational mechanismBy Jordana Viotto; Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTechPresented by: Jordana Viotto, Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTechDiscussant: Matthew Mitchell, University of Toronto

Reference prices in the Italian procurement for medical devices: a semi-parametric analysisBy Riccardo Marchi Adani; University of VeronaPresented by: Riccardo Marchi Adani, University of VeronaDiscussant: Matthijs Wildenbeest, Indiana U

Session 92: Trade and IO IIAugust 28, 2016 09:30 to 11:00Room 217

Session 93: Vertical Relationships IIIAugust 28, 2016 09:30 to 11:00Room A120

Session Chair: David Collie, Cardiff UniversitySession type: contributed

Export Destination Market Characteristics and Markups in a Small Open EconomyBy Umut Kilinc; STATEC, LuxembourgPresented by: Umut Kilinc, STATEC, Luxembourg Temporary investment incentives and divestment by foreign firmsBy Jose Mata; University of LausannePaulo Guimaraes; Universidade do PortoPresented by: Jose Mata, University of Lausanne

Factors Mediating Foreign R&D Spillovers: A Multidimensional ApproachBy Dolores Añon Higon; Universitat de ValenciaMiguel Manjon; Rovira i Virgili University Presented by: Dolores Añon Higon, Universitat de Valencia

Session Chair: Joao Montez, University of LausanneSession type: contributed

Exclusive dealing with imperfect rent extractionBy Giacomo Calzolari; University of BolognaPresented by: Giacomo Calzolari, University of Bologna Vertical Licensing, Input Pricing, and EntryPartial ExclusivityBy Philippe Chone; CRESTLaurent Linnemer; CRESTThibaud VERGE; CRESTPresented by: Laurent Linnemer, CREST

Vertical Information Restraints: The Pro- and Anti- Competitive Impacts of Minimum Advertised Price RestrictionsBy John Asker; UCLAHeski Bar-Isaac; University of TorontoPresented by: Heski Bar-Isaac, University of Toronto


Session 94: Regulated MarketsAugust 28, 2016 11:30 to 13:00Room A120

Session Chair: Victor Aguirregabiria, University of TorontoSession type: contributed

The Welfare Impact of Long-Term ContractsBy Igal Hendel; Northwestern UniversityPresented by: Igal Hendel, Northwestern University The Welfare Effects of Nudges: A Case Study of Energy Use Social ComparisonsBy Hunt Allcott; NYUPresented by: Hunt Allcott, NYU

Session 95: Auctions Empirics August 28, 2016 11:30 to 13:00Room 119

Session 96: Credit Markets IIAugust 28, 2016 11:30 to 13:00Room 118

Session Chair: Marco Pagnozzi, Universita’ di Napoli Federico IISession type: contributed

Project Modifications and Bidding in Highway Procurement AuctionsBy Dakshina De Silva; Lancaster UniversityTimothy Dunne; Federal Reserve Bank Of AtlantaGeorgia Kosmopoulou; University of Oklahoma and National Science Foundation Carlos Lamarche; University of KentuckyPresented by: Dakshina De Silva, Lancaster University Auctioneers as Market Makers: Managing Momentum in Chittagong Tea AuctionsBy Tanjim Hossain; University of TorontoFahad Khalil; University of WashingtonMatthew Shum; CaltechPresented by: Tanjim Hossain, University of Toronto

The Effect of Revenue Uncertainty on Procurement Outcomes - Evidence from German Railway Passenger ServicesBy Stefan Weiergraeber; Indiana UniversityChristoph Wolf; University of MannheimPresented by: Stefan Weiergraeber, Indiana University

Session Chair: Oivind Nilsen, Norwegian School of EconomicsSession type: contributed

Sorry, we’re closed: loan conditions when bank branches close and firms transfer to another bankBy Diana Bonfim; Banco de PortugalGil Nogueira; Banco de PortugalSteven Ongena; University of ZurichPresented by: Diana Bonfim, Banco de Portugal The Value of Information in Relationship LendingBy Nicola Pavanini; University of ZurichFabiano Schivardi; Bocconi UniversityPresented by: Nicola Pavanini, University of Zurich

Ultimate Ownership and Bank CompetitionBy Jose Azar; Charles River AssociatesSahil Raina; University of Michigan, Ross School of BMartin Schmalz; U MichiganPresented by: Martin Schmalz, U Michigan


Session 97: DisclosureAugust 28, 2016 11:30 to 13:00Room 215

Session Chair: Wilfried Sand-Zantman, Toulouse School of EconomicsSession type: contributed

The Enforcement of Mandatory Disclosure RulesBy Matthias Dahm; University of NottinghamPaula Gonzalez; Universidad Pablo de OlavidePresented by: Paula Gonzalez, Universidad Pablo de Olavide

Memory and MarketsBy Sergei Kovbasyuk; Einaudi Institute for Economics and FinanceGiancarlo Spagnolo; Stockholm School of Economics-SITEPresented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE

Data Security in the Digital Age: Reputation and Strategic Interactions in Security InvestmentBy Ying Lei Toh; Toulouse School of EconomicsPresented by: Ying Lei Toh, Toulouse School of Economics

Session 98: Electricity Markets IIAugust 28, 2016 11:30 to 13:00Room 219

Session Chair: Mario Samano, HEC MontrealSession type: contributed

Welfare and Redistribution Effects of Alternative Tariffs In Energy Markets with Solar PowerBy Fabian Feger; University of BernNicola Pavanini; University of ZurichDoina Radulescu; University of BernPresented by: Fabian Feger, University of Bern Technological Choice in Response to Environmental Regulation: Electricity Markets and the Clean Power PlanBy Jose Miguel Abito; Wharton School, University of PennsylvanChristopher Knittel; MITKonstantinos Metaxoglou; Carleton UniversityAndre Trindade; Getulio Vargas Foundation Presented by: Andre Trindade, Getulio Vargas Foundation

Market Power and Asymmetric Pass-through in German Electricity RetailBy Tomaso Duso; DIW-BerlinFlorian Szuecs; WU ViennaPresented by: Florian Szuecs, WU Vienna


Session 99: Environmental Econ IIAugust 28, 2016 11:30 to 13:00Room 143

Session Chair: Dominik Schober, ZEW MannheimSession type: contributed

Does an Optimal Voluntary Approach Flexibly Control Emissions from Heterogeneous Firms?By Ryo Ishida; Ministry of Finance (Japan)Takuro Miyamoto; Waseda UniversityPresented by: Takuro Miyamoto, Waseda University Supply Side Effects of Pollution Tax Rate AsymmetriesBy Harald Hinterecker; Karl-Franzens-Universität GrazMichael Kopel; U GrazPresented by: Harald Hinterecker, Karl-Franzens-Universität Graz

Green Inventions: Is Wait-and-see a Reasonable Option?By Tobias Stucki; ETH ZurichMartin Woerter; ETH ZürichPresented by: Martin Woerter, ETH Zürich

Session 100: Financial ConstraintsAugust 28, 2016 11:30 to 13:00Room 209

Session 101: Information Economics IIAugust 28, 2016 11:30 to 13:00Room 144

Session Chair: John Weche, Monopolies Commission, GermanySession type: contributed

Impact of economic crises on firm dynamics: the role of financial constraintsBy Carlos Carreira; University of CoimbraPaulino Teixeira; University of CoimbraPresented by: Carlos Carreira, University of Coimbra R&D and Credit Constraints during the Financial CrisisBy Sarah Demeulemeester; KULeuvenDirk Czarnitzki; KU LeuvenPresented by: Sarah Demeulemeester, KULeuven

The impact of the financial crisis on investments of innovative firmsBy Marek Giebel; TU DortmundKornelius Kraft; University of DortmundPresented by: Marek Giebel, TU Dortmund

Session Chair: Paul Heidhues, European School of Management and TechnoSession type: contributed

On Signalling and Screening in Markets with Asymmetric InformationBy Anastasios Dosis; ESSEC Business SchoolPresented by: Anastasios Dosis, ESSEC Business School Complementary monopolies with asymmetric informationBy Didier Laussel; GREQAM) Aix-Marseille School of EconomicJoana Resende; Universidade do Porto FEPPresented by: Joana Resende, Universidade do Porto FEP

Hold-up in Vertical Hierarchies with Adverse SelectionBy Alberto Palermo; EBSPresented by: Alberto Palermo, EBS


Session 102: Information in Online Markets IIAugust 28, 2016 11:30 to 13:00Room 241

Session Chair: Konrad Stahl, University of MannheimSession type: contributed

Under-promise and Over-Deliver? - How Online Consumer Reviews Affect FirmsBy Simon Martin; University of ViennaSandro Shelegia; Pompeu Fabra UniversityPresented by: Simon Martin, University of Vienna Consumer Rating Dynamics: Strategic Price-Setting and the Impact on Future Profits via ReviewsBy Andre Stenzel; University of LeicesterChristoph Wolf; University of MannheimPresented by: Andre Stenzel, University of Leicester

Competition and welfare consequences of information aggregatorsBy Amedeo Piolatto; Barcelona Economics InstitutePresented by: Amedeo Piolatto, Barcelona Economics Institute

Session 103: Multiproduct FirmsAugust 28, 2016 11:30 to 13:00Room 102

Session 104: Pharmaceuticals IIAugust 28, 2016 11:30 to 13:00Room 240

Session Chair: Piercarlo Zanchettin, University of LeicesterSession type: contributed

Multiproduct-Firm Oligopoly: An Aggregative Games ApproachBy Volker Nocke; U MannheimNicolas Schutz; University of MannheimPresented by: Nicolas Schutz, University of Mannheim Dynamic Pricing and Consumer Loyalty in a Multiproduct OligopolyBy Mateusz Mysliwski; University College LondonFabio Sanches; University of Sao PauloDaniel Silva Junior; London School of EconomicsSorawoot Srisuma; University of SurreyPresented by: Mateusz Mysliwski, University College London

Vertical Differentiation and Collusion: Cannibalization or Proliferation?By Jean Gabszewicz; Université Catholique de LouvainMarco Marini; University of Rome “La Sapienza” & CREIOrnella Tarola; University of Rome Presented by: Marco Marini, University of Rome “La Sapienza” & CREI

Session Chair: Margaret Kyle, MINES ParisTechSession type: contributed

Umbrella Branding in Pharmaceutical MarketsBy Moritz Suppliet; Dusseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University DusseldorfPresented by: Moritz Suppliet, Dusseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University Dusseldorf Market Exclusivity, Entry, and Consumer Welfare: The Case of FDA Regulation on the Rx-to-OTC SwitchBy Yang Zhang; Cornell UniversityPresented by: Yang Zhang, Cornell University

Drug Procurement Auctions and Supply UncertaintyBy Ulrich Laitenberger; ZEW MannheimPresented by: Ulrich Laitenberger; ZEW Mannheim


Session 105: R & D and Innovation IIAugust 28, 2016 11:30 to 13:00Room 117

Session Chair: David Perez-Castrillo, UABSession type: contributed

Corporate scientists as triggers of transitions in firms’ R&D strategiesBy Andrés Barge-Gil; Universidad ComplutensePresented by: Andrés Barge-Gil, Universidad Complutense Novel science for industryBy Reinhilde Veugelers; KU LeuvenPresented by: Reinhilde Veugelers; KU Leuven

How Much Do Individuals and Organizations Contribute to Innovation?By Ajay Bhaskarabhatla; Erasmus School of EconomicsDeepak Hegde; New York UniversityThomas Peeters; Erasmus University RotterdamPresented by: Thomas Peeters, Erasmus University Rotterdam

Session 106: Rising Stars VIAugust 28, 2016 11:30 to 13:00Room A224

Session 107: Search and Switching CostsAugust 28, 2016 11:30 to 13:00Room 217

Session Chair: Patrick Rey, Toulouse School of EconomicsSession type: contributed

Information Exchange and Consumer SearchBy Anton Sobolev; University of ViennaPresented by: Anton Sobolev, University of ViennaDiscussant: Yongmin Chen, University of Colorado at Boulder English versus Vickrey auction with loss averse biddersBy Jonas von Wangenheim; Humboldt Universität BerlinPresented by: Jonas von Wangenheim, Humboldt Universität BerlinDiscussant: Ran Spiegler, Tel Aviv University and University Colle

Ex post analysis of State aids : Empirical study of restructuring aids impact on investmentBy Juliette Rey; Paris 1 panthéon-sorbonnePresented by: Juliette Rey, Paris 1 panthéon-sorbonneDiscussant: Patrick Rey, Toulouse School of Economics

Session Chair: Joanna Syrda, University of BathSession type: contributed

Consumer state dependence, switching costs, and forward-looking producers. A dynamic discrete choice model applied to the diaper marketBy Dennis Rickert; DICE; University of DüsseldorfPresented by: Dennis Rickert, DICE; University of Düsseldorf Consumer search, competition and price dispersion in retail electricityBy Klaus Gugler; WU Vienna Sven Heim; ZEW Mannheim, Centre for European Economic Research MannheimPresented by: Sven Heim, ZEW Mannheim, Centre for European Economic Research Mannheim

Salience and SwitchingBy Andras Kiss; University of AmsterdamPresented by: Andras Kiss; University of Amsterdam


Session 108: Vertical Contracts, Empirics IAugust 28, 2016 11:30 to 13:00Room A223

Session Chair: Laurent Linnemer, CRESTSession type: contributed

Technology Adoption, Vertical Restraints and Partial Foreclosure: Changing the Structure of an IndustryBy Michelle Sovinsky; U MannheimPresented by: Michelle Sovinsky, U Mannheim E-book Pricing and Vertical RestraintsBy Babur De los Santos; Clemson UniversityMatthijs Wildenbeest; Indiana UPresented by: Matthijs Wildenbeest, Indiana U

Rationales for Non-binding Retail-Price Recommendations: An Empirical AssessmentBy Tadas Bruzikas; U GroningenPresented by: Tadas Bruzikas; U Groningen

Session 109: Auction Theory IIAugust 28, 2016 14:30 to 16:00Room 241

Session 110: Behavioral IOAugust 28, 2016 14:30 to 16:00Room A120

Session Chair: Leslie Marx, Fuqua School of BusinessSession type: contributed

Improving Efficiency Using Reserve Prices: An Equilibrium Analysis of Core-Selecting Package AuctionsBy Ryuji Sano; Kyoto UniversityPresented by: Ryuji Sano; Kyoto University Collusion with a Greedy Center in Position AuctionsBy Emmanuel Lorenzon; University of BordeauxPresented by: Emmanuel Lorenzon; University of Bordeaux

Auctions with resale: reserve prices and revenuesBy Gabor Virag; U Toronto Presented by: Gabor Virag; U Toronto

Session Chair: Heski Bar-Isaac, University of TorontoSession type: invited

Equilibrium Effects of NudgingBy Ran Spiegler; Tel Aviv University and University CollePresented by: Ran Spiegler; Tel Aviv University and University Colle Naivete-based DiscriminationBy Paul Heidhues; European School of Management and TechnoPresented by: Paul Heidhues; European School of Management and Techno


Session 111: Collusion VIAugust 28, 2016 14:30 to 16:00Room 144

Session Chair: Alexander Rasch, Duesseldorf Institute for Competition Economics, University of DuesseldorfSession type: contributed

Responsibility-based allocation of cartel damagesBy Dominik Welter; University of BayreuthStefan Napel; University of BayreuthPresented by: Dominik Welter, University of Bayreuth On the allocation of evidence among cartelists under a leniency program: how many informants are enough?By Konstantinos Charistos; University of MacedoniaChristos Constantatos; University of MacedoniaPresented by: Konstantinos Charistos, University of Macedonia

Public versus private sanctions: the case of cartelsBy Franco Mariuzzo; University of East AngliaPresented by: Franco Mariuzzo; University of East Anglia

Session 112: Contracts IIAugust 28, 2016 14:30 to 16:00Room 209

Session 113: Dynamic PricingAugust 28, 2016 14:30 to 16:00Room 143

Session Chair: Alexei Alexandrov, Consumer Financial Protection BureauSession type: contributed

Dispersion and Aggregation of Signals in Relational ContractsBy Akifumi Ishihara; National Graduate Institute for Policy SAkitoshi MuramotoPresented by: Akifumi Ishihara, National Graduate Institute for Policy S Setting priorities and cutting corners in relational incentive contractsBy Jin Li; Northwestern UniversityArijit Mukherjee; Michigan State UniversityLuis Vasconcelos; University of EssexPresented by: Luis Vasconcelos, University of Essex

On the optimal use of correlated information in contractual design under limited liabilityBy Daniel Danau; U. Caen Basse-NormandieAnnalisa Vinella; University of BariPresented by: Daniel Danau, U Caen Basse-Normandie

Session Chair: Nikolaos Vettas, Athens U of Economics and BusinessSession type: contributed

Optimal dynamic pricing with demand uncertainty and finite inventoryBy Philippe Chone; CRESTLaurent Linnemer; CRESTPresented by: Philippe Chone, CREST Competing for Strategic BuyersBy Vincent Meisner; TU BerlinPresented by: Vincent Meisner; TU Berlin


Session 114: Energy and Environmental Econ August 28, 2016 14:30 to 16:00Room 217

Session Chair: Hunt Allcott, NYUSession type: contributed

Does the EU ETS Cause Carbon Leakage in European Manufacturing? A Sector-Level AnalysisBy Helene Naegele; DIW BerlinPresented by: Helene Naegele; DIW Berlin Productive performance of regulated utilities: the case of German refuse collectorsBy Maria Friese; Heinrich Heine University DüsseldorfUlrich Heimeshoff; DICE; University of DüsseldorfGordon Klein; U DüsseldorfPresented by: Maria Friese, Heinrich Heine University Düsseldorf

The Prosumers and the GridBy Axel Gautier; U Liege, HEC Management School Julien Jacqmin; University of Liege Jean-Christophe Poudou; University of MontpellierPresented by: Axel Gautier, U Liege, HEC Management School

Session 115: Experiments IIIAugust 28, 2016 14:30 to 16:00Room 118

Session 116: Firm Dynamics IIAugust 28, 2016 14:30 to 16:00Room 215

Session Chair: Hans-Theo Normann, U DüsseldorfSession type: contributed

Choosing whether to compete: Price and format competition with consumer confusionBy Paolo Crosetto; INRA - French National Institute for Agronomic ResearchAlexia Gaudeul; Georg-August-Universität GöttingenPresented by: Alexia Gaudeul, Georg-August-Universität Göttingen Huntin Unicorns? Experimental Evidence on Predatory PricingBy Armin Schmutzler; University of ZurichPresented by: Armin Schmutzler; University of Zurich

Session Chair: Kim Huynh, Bank of CanadaSession type: contributed

Acquisitions, Markups, and Efficiency: Evidence from IndiaBy Joel Stiebale; University of DuesseldorfDev Vencappa; University of Nottingham

Presented by: Joel Stiebale, University of Duesseldorf Demand Shock and Productivity: What Determines Firms’ Investment and Exit Decisions?By Pradeep Kumar; U ExeterPresented by: Pradeep Kumar; U Exeter

The Role of Heterogeneous Markups when Quantifying Misallocation: Firm-Level Evidence for ItalyBy Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata UniversityPresented by: Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata University


Session 117: Information Economics IIIAugust 28, 2016 14:30 to 16:00Room A223

Session Chair: Marta Troya-Martinez, New Economic SchoolSession type: contributed

Certification and Market TransparencyBy Konrad Stahl; University of MannheimPresented by: Konrad Stahl; University of Mannheim The Social Value of Information with an Endogenous Public SignalBy Anna Bayona; ESADE Business SchoolPresented by: Anna Bayona; ESADE Business School

Inducing Herding with Capacity ConstraintsBy Alexei Parakhonyak; University of OxfordNick Vikander; University of CopenhagenPresented by: Alexei Parakhonyak; University of Oxford

Session 118: Micro Theory IIAugust 28, 2016 14:30 to 16:00Room 119

Session 119: Oligopoly IIIAugust 28, 2016 14:30 to 16:00Room 102

Session Chair: Klaus Kultti, university of helsinkiSession type: contributed

To the highest bidder: The market for talent in sports leaguesBy Roberto Burguet; Institute of Economic Analysis (CSIC)Jozsef Sakovics; The University of EdinburghPresented by: Jozsef Sakovics; The University of Edinburgh Skill Diversity and Leadership in Team ProductionBy Keisuke Hattori; Osaka University of EconomicsMai Yamada; Showa Women’s UniversityPresented by: Mai Yamada; Showa Women’s University

Optimal Defensive Patent Insurance ContractsBy Jorge Lemus; University of Illinois Urbana ChampaignEmil TemnyalovJohn Turner; University of GeorgiaPresented by: Jorge Lemus; University of Illinois Urbana Champaign

Session Chair: Martin Gregor, Charles University, PragueSession type: contributed

Competitive and Welfare Implications of Cross-Holdings in OligopolyBy Hongkun Ma; Shandong UniversityCheng-Zhong Qin; University of California at Santa BarbaraChenhang Zeng; RCGEB, Shandong UniversityPresented by: Chenhang Zeng; RCGEB, Shandong University Mixed Duopoly: A Differential Game ApproachBy Koichi Futagami; Osaka UniversityToshihiro Matsumura; The University of TokyoKizuku Takao; Aomori Public UniversityPresented by: Kizuku Takao; Aomori Public University

Taxation under Oligopoly in a General Equilibrium SettingBy David Collie; Cardiff UniversityPresented by: David Collie; Cardiff University


Session 120: Pharmaceuticals IIIAugust 28, 2016 14:30 to 16:00Room A224

Session Chair: Paula Gonzalez, Universidad Pablo de OlavideSession type: contributed

The More We Die, The More We Sell? A Simple Test of the Home-Market EffectBy Arnaud Costinot; MITDave Donaldson; Stanford UniversityMargaret Kyle; MINES ParisTechHeidi Williams; MITPresented by: Margaret Kyle; MINES ParisTech Competitive Dynamics in the Pharmaceutical IndustryBy Micael Castanheira; ECARES, ULBCarmine Ornaghi; University of SouthamptonGeorges Siotis; Universidad Carlos III de MadridPresented by: Carmine Ornaghi; University of Southampton

The Incentives for M&As in the Pharmaceutical IndustryBy Hendrik Meder; KU LeuvenPresented by: Hendrik Meder; KU Leuven

Session 121: Telecoms IIAugust 28, 2016 14:30 to 16:00Room 219

Session Chair: Mattia Nardotto, DIW BerlinSession type: contributed

Private Operators’ Entry Strategies in the FttH Market – The Case of FranceBy Maude Hasbi; Telecom ParisTechPresented by: Maude Hasbi; Telecom ParisTech Bridging the Digital and Economic divide? an evaluation of a State aid Program for Broadband Deployment in Rural Areas of BavariaBy Wolfgang Briglauer; ZEW MannheimNiklas Duerr; ZEW MannheimOliver Falck; University of Munich (LMU)Kai Hueschelrath; ZEW MannheimPresented by: Niklas Duerr; ZEW Mannheim

Regulation and Investment in European High-Speed Broadband InfrastructureBy Wolfgang Briglauer; ZEW MannheimCarlo Cambini; Politecnico di TorinoMichal Grajek; ESMT European School of Management and TechnologyPresented by: Michal Grajek; ESMT European School of Management and Technology


Session 122: Vertical Contracts, Empirics IIAugust 28, 2016 14:30 to 16:00Room 240

Session Chair: Charles Murry, The Pennsylvania State UniversitySession type: contributed

Vertical Integration and Consumer Welfare under Non-Price Competition in the Movie Theater IndustryBy In Kyung Kim; Nazarbayev UPresented by: In Kyung Kim; Nazarbayev U Franchisor Moral Hazard and Outlet Location Choices: Evidence from Franchised Chains in South KoreaBy Jungwon Yeo; Singapore Management UniversityPresented by: Jungwon Yeo; Singapore Management University

Vertical Relationships in Bilateral Oligopolies: A Structural Bargaining Model with Limited DataBy Celine Bonnet; Toulouse School of EconomicsZohra Bouamra Mechemache; Toulouse School of Economics (GREMAQ-INRA)Hugo Molina; Ecole polytechniquePresented by: Hugo Molina; Ecole polytechnique


Legend: C=chair, P=Presenter, D=Discussant

Añon Higon, Dolores

Affeldt, Pauline

Aghadadashli, Hamid

Aguirregabiria, Victor

Alexandrov, Alexei

Allain, Marie Laure

Allcott, Hunt

Andersson, Ola

Aoki, Reiko

Armand, Alex

Arve, Malin

Atal, Vidya

Athanasopoulos, Athanasios

BAKAOUKA, ELPINIKI

Bar-Isaac, Heski

Barbosa, Klenio

Barge-Gil, Andrés

Bartoloni, Eleonora

Battaggion, Maria Rosa

Bayona, Anna

Bedre-Defolie, Özlem

Bennato, Anna Rita

Bokhari, Farasat

Bonatti, Alessandro

Bonfim, Diana

Bonnet, Celine

Bontemps, Christian

Bos, Iwan

Bourreau, Marc

Broos, Sébastien

Bruzikas, Tadas

Buehler, Stefan

Buso, Marco

Cabral, Luis

Cai, Dapeng

Calligaris, Sara

Calzolari, Giacomo

Canidio, Andrea

P92

P17

P1

P15, D31, C94

P46, P73, C112

C15, P53

P94, C114

P34

P90

P56

P42

C74, P87

P10

P87

D61, P93, C110

P78

P105

P72

P48

C71, P117

C13, P37

P18

P12

D16, P19

P96

C79, P88

C21, P81

C18, P36

P13, C87

P33

P34, P108

P14, C26

P68

P32, D45, C49

P62

P116

C63, P78, P93

C42, P57

INDEX OF PRESENTERS

Carreira, Carlos

Chao, Yong

Charistos, Konstantinos

Chen, Xi

Chen, Yongmin

Chone, Philippe

Christin, Clemence

Clerides, Sofronis

Collie, David

Conkling, Thomas

Correia-da-Silva, Joao

Cosnita-Langlais, Andreea

Crawford, Gregory

Cunha, Mariana

D’Annunzio, Anna

Danau, Daniel

Dargaud, Emilie

de Haas, Samuel

de Rassenfosse, Gaetan

De Silva, Dakshina

Demeulemeester, Sarah

dePinto, Marco

Deuflhard, Florian

Diaz, Jose Guillermo

Dimakopoulos, Philipp

Dittrich, Johannes

Dobbelaere, Sabien

Dosis, Anastasios

Duch-Brown, Nestor

Duerr, Niklas

Dyballa, Katharina

Ebina, Takeshi

Einiö, Elias

Ellman, Matthew

Ershov, Daniel

Fagart, Thomas

Feger, Fabian

Ferraro, Jimena

P100

P77

P111

P62

P49, D106

C9, P113

P35

C16, D16, P52

C92, P119

P69

P58

P75

D16, P65

P30

P75

P112

P36

P36

P74

P95

P72, P100

P11

P45

P81

P16

P48

P37

P101

P54

P121

P20

P40

P72

C11, P58

P45

P80

P98

P39


Fink, Nikolaus

Fiuza, Eduardo

Florez Acosta, Jorge

Friese, Maria

Gagnepain, Philippe

Gamp, Tobias

Garcia, Filomena

Garcia Pires, Armando J.

Gaudeul, Alexia

Gaudin, Germain

Gautier, Axel

Genesove, David

Gezer, Serhat

Ghosal, Vivek

Giebel, Marek

Godenhielm, Mats

Gonzalez, Paula

Grajek, Michal

Gregor, Martin

Gregory-Smith, Ian

Gretschko, Vitali

Gu, Yiquan

Hasbi, Maude

Hefti, Andreas

Heidhues, Paul

Heim, Sven

Hellmann, Tim

Hellwig, Michael

Hendel, Igal

Herbst, Holger

Heresi, José Ignacio

Hinnosaar, Toomas

Hinterecker, Harald

Hossain, Tanjim

Hud, Martin

Hueschelrath, Kai

Hussinger, Katrin

Huynh, Kim

Hyytinen, Ari

Ikuta, Yusuke

P18

P22

P79

P114

P9, C81

P32

P26

P7

C53, P115

P35

C5, P114

P8, C31, D31

P24

C67, P80

P100

P60

P97, C120

C17, P121

P86, C119

C7, P20

P51

C41, P90

P121

P34

C101, P110

P107

C10, P26

P6

P94

P61

P61

P58, C76

P99

P95

P56

P3, C64

P73

P77, C116

P44

P47

Ilin, Cornelia

Iozzi, Alberto

Ishihara, Akifumi

Ishikawa, Jota

Itin-Shwartz, Beata

Itoh, Hideshi

Janssen, Maarten

Jeon, Jihye

Jo, Arrah-Marie

Johnen, Johannes

Jullien, Bruno

Jung, Markos

Karle, Heiko

Kastl, Jakub

Kawaguchi, Kohei

Kesler, Reinhold

Kiedaisch, Christian

Kilinc, Umut

Kim, In Kyung

Kim, Myongjin

Kim, Hyunchul

Kiss, Andras

Kitano, Taiju

Kokovin, Sergey

Kopel, Michael

Koska, Onur

Kultti, Klaus

Kumar, Pradeep

Kyle, Margaret

Laitenberger, Ulrich

Lang, Matthias

Larrieu, Thomas

Lasio, Laura

Lømo, Teis

Lee, Pak Yee

Lelarge, Claire

Lemus, Jorge

Letina, Igor

Levonyan, Vardges

Li, Kun

P45

C30, P44

P112

P62

P31

P42

C32, P63

P31

P84

P60

D61, P84

P25

C34, P75

P2, C65

C3, P50

P85

P39

P92

P122

P3, C22

P15

C46, P107

P52

P25, C82

P41, C89

P82

P86, C118

C38, P116

C104, P120

P104

C58, P73

P28

P12

P14

P43

P11, C54

C27, P118

P39

P55

P54


Lijesen, Mark

Linnemer, Laurent

Lipatov, Vilen

Loertscher, Simon

Lorenzon, Emmanuel

Luelfesmann, Christoph

Machado, Matilde

Magnolfi, Lorenzo

Malo, Stéphane

Mamadehussene, Samir

Manduchi, Agostino

Mantovani, Andrea

Marchi Adani, Riccardo

Marini, Marco

Mariuzzo, Franco

Marshall, Guillermo

Martin, Simon

Marx, Leslie

Masiero, Giuliano

Mata, Jose

Matsushima, Noriaki

Matvos, Gregor

Maxin, Hannes

McGowan, Danny

Meder, Hendrik

Meisner, Vincent

Michel, Christian

Milliou, Chrysovalantou

Millot, Valentine

Mitchell, Matthew

Miyamoto, Takuro

Mizuno, Keizo

Moellers, Claudia

Molina, Hugo

Mollisi, Vincenzo

Montez, Joao

Moraga-Gonzalez, Jose L.

Mori, Yusuke

Motchenkova, Evgenia

Murmann, Martin

P64

P93, C108

P13

P57, C73

P109

P68

C55, P70

P22

P29

P14

P84

P10

P91

C86, P103

C40, P111

P15, P40, C90

P102

P51, C109

P6

C62, P92

P76

P2

P71

P47

P120

P113

C68, P88

P63

P46

P19, D91

P99

P63

P23

P122

P11

P35, C93

P32, C33

P42

P80

P38

Murry, Charles

Mysliwski, Mateusz

Naegele, Helene

Nagaoka, Sadao

Nardotto, Mattia

Newberry, Peter

Nicolle, Ambre

Nieswand, Maria

Nilsen, Oivind

Nishijima, Masuyuki

Nishiwaki, Masato

Normann, Hans-Theo

Nosal, Kathleen

Nowak, Verena

Obradovits, Martin

Odenkirchen, Johannes

ohashi, hiroshi

Oikawa, Koki

Okada, Yoshimi

Oki, Ryoko

Olczak, Matthew

Ordonez-Calafi, Guillem

Ornaghi, Carmine

Pagnozzi, Marco

Palermo, Alberto

Parakhonyak, Alexei

Pavan, Giulia

Pavanini, Nicola

Peeters, Thomas

Peeters, Ronald

Peitz, Martin

Pereira, Pedro

Perez-Castrillo, David

Peters, Bettina

Petropoulos, Georgios

Pfeifer, Gregor

Piechucka, Joanna

Piekkola, Hannu

Piga, Claudio

Piolatto, Amedeo

P79, C122

P103

P114

P27, C39, P74

P17, C121

C8, P22

P16

P30

P69, C96

P41

P18

P23, C115

P55, C70

P47

P60, C77

P4

P50

C29, P85

P27

P43

C4, P67

P91

C12, P120

P23, C95

P101

P117

P83

C69, P96

P105

C23, P53

P33, C61, D61

C59, P66

P29, C105

C72, P85

P76

P38

P9

P38

P3, C50

C25, P102


Pires, Cesaltina

Planer-Friedrich, Lisa

Polo, Michele

Pouyet, Jerome

Rasch, Alexander

Rechlitz, Julia

Resende, Joana

Rey, Juliette

Rey, Patrick

Ribeiro, Ricardo

Rickert, Dennis

Roy, Santanu

Sacks, Michael

Sahm, Marco

Sakovics, Jozsef

Samano, Mario

Sand-Zantman, Wilfried

Sandor, Zsolt

Sano, Ryuji

Santos, Anabela

Santos-Pinto, Luis

Saric, Amela

Savelkoul, Ruben

Schmalz, Martin

Schmutzler, Armin

Schnurr, Daniel

Schober, Dominik

Schoonbeek, Lambert

Schuett, Florian

Schutz, Nicolas

SCHWALBE, ULRICH

Seliger, Florian

Seres, Gyula

Shelegia, Sandro

Siedlarek, Jan-Peter

Slade, Margaret

Sobolev, Anton

Sovinsky, Michelle

Spagnolo, Giancarlo

Spiegel, Yossi

P86

P20

C36, P66

P71, C80

P4, C111

P30

C60, P76, P101

P106

P4, C106, D106

P59, C88

P107

P71

P57

P1

P41, C51, D118

P6, C98

P40, C97

P21

P109

P29

P7

P55

P59

P96

C24, P115

P17, P53

P83, C99

P5

C56, P74

C47, P103

C66, P83

P26

P67

C1

P9

D31, P88

P106

C2, D45, P108

C44, P78, P97

P67, D91

Spiegler, Ran

Stahl, Konrad

Stenbacka, Rune

Stenzel, Andre

Stiebale, Joel

Stitzing, Robin

SUAREZ, CARLOS

Sudaric, Slobodan

Suppliet, Moritz

Syrda, Joanna

Szuecs, Florian

Takao, Kizuku

Tebaldi, Pietro

Temnyalov, Emil

Tesfay Ghebrihiwet, Nahom

Thiel, Jurre

Thoene, Miriam

Toh, Ying Lei

Toth, Lukas

Tregouet, Thomas

Trindade, Andre

Troya-Martinez, Marta

Tsukada, Naotoshi

Tsuruoka,

Ushchev, Philipp

Valbonesi, Paola

Van Moer, Geert

Vasconcelos, Luis

Verdier, Marianne

VERGE, Thibaud

Vettas, Nikolaos

Veugelers, Reinhilde

Vial, Bernardita

Viete, Steffen

Viotto, Jordana

Virag, Gabor

Vives, Xavier

von Ungern-Sternberg, Thomas

von Wangenheim, Jonas

Wakamori, Naoki

D106, P110

C102, P117

P5, C84

P102

P116

P52

P89

P10

P104

P8, C107

P98

P119

P70

P64

P82

P61

P1

P97

P66

P13, C28

C83, P98

P5, C117

P56

P81

P21

P44, C78

P59

C37, P112

P43, C75

P28, C35

C113

C85, P105

P69

P54

P91

C57, P109

P51

C14, P87

P106

P79


Waldfogel, Joel

WANG, Yongying

Wang, Chengsi

Wang, Wenche

Waterson, Michael

Weche, John

Weiergraeber, Stefan

Welter, Dominik

White, Lawrence

Wildenbeest, Matthijs

Wilhelm, Sascha

Wilson, Chris

Woerter, Martin

Wolf, Christoph

Xu, Lei

Yamada, Mai P118

Yeo, Jungwon P122

Yontcheva, Biliana

Yoshimoto, Hisayuki

Yuan, Zhe

Zanchettin, Piercarlo

Zegners, Dainis

Zeng, Chenhang

Zennyo, Yusuke

Zhang, Yang

Zhou, Jidong

Zhu, Jialiang

Zvilichovsky, David

C45, D45, P65

P89

P28, C43

P46

C6, P25

P82, C100

P95

P111

P8, C20

C91, D91, P108

P31

P33, C48

C52, P99

P37

P68

P118

P122

P89

P77

P64

P27, C103

P16

P119

P48

P104

C19, P49

P90

P24


ADDITIONAL PRACTICAL INFORMATION ABOUT LISBON AND PORTUGAL

General information

Language: Portuguese (official language)

Currency: Euro (EUR) – Portugal is a member of the Eurozone

ATMs are available in Lisbon and all types of credit cards are accepted. Remember that every time you withdraw cash, there will be a transaction surcharge. Find out from your bank the exact amount. Most shops and restaurants have credit card services. Just in case, especially for small amounts, ask in advance if the service is available.

Tipping: in expensive restaurants it is expected, with around 5 percent being the usual amount. Taxi drivers do not have to be tipped.

Health: No particular health risks.

Time difference: GMT +0 hour

Dialling code: +351

Temperature: In summer, weather is generally hot with average minimum temperatures between 14 and 17°C and average maximum temperatures between 27 and 34°C

Electricity: the electrical system in Portugal is 220 volts. To use 120-volt appliances you need both a transformer and an adapter plug. Both of these can be purchased in electrical stores or travelers’ shops before arriving in Portugal or in Portugal after you arrive.

Banks: in general, banks are open Monday through Friday from 8:30 am to 3:00 pm.

Passport & VISA: European Citizens whose countries are in the Schengen Area can enter Portugal just on a valid identity card or passport. Citizens from all other countries must show their passports; where a visa is required, this must also be presented to the border authorities and must indicate the length of the holder’s stay and his or her destination. Visa applications - specifying the reason for the trip - must be obtained at the Portuguese Consulate in the applicant’s country of residence. There are no limits to what may be bought or carried on trips within the European Union, provided such purchases are for the traveller’s own personal use. VAT: Value-added tax (IVA) is nearly always included in quoted prices. If you are a non-EU resident and you spend more than Euros 49,88 (net value without VAT) on a purchase, you can claim a refund when you leave the EU. The refund only applies to purchases from affiliated retail outlets that display a ‘Tax Free for Tourists’ sign.

Smoking regulations: Smoking is not permitted indoors in public buildings and other places open to the public. This also includes restaurants, pubs and clubs. In some places there are designated smoking zones.


GETTING AROUND IN LISBON

Lisbon features an extensive public transport network, comprising both underground and surface means of getting around. Relying on the metros, buses and trams of Lisbon is one of the most cost efficient and flexible manners of discovering the city, since Carris, the main company in charge, makes available a wide range of tickets and passes, as well multiple means of paying for the transport services.:

By metroThe metro stations are, signposted by large blue M signs and, most of the information is featured in English too (though the voice announcements are made only in Portuguese). In order to travel by metro in Lisbon, visitors must buy tickets which are distinct from the tickets dedicated to the surface transport, but there are all sorts of passes which are valid for the entire network of public transport (surface and underground alike).For complete and updated information on the metro lines, stations, ticket sale points, prices, follow the indications below:http://metro.transporteslisboa.pt/eng/

By BusCarris is the main company in charge with running the public surface transport of Lisbon. The company manages the bus (autocarro) and tram (electrico) networks, as well as the funicular system (ascensores e elevador) of Lisbon. Its network extends on virtually the entire city, as well as in the surrounding areas. The company also provides airport transfer services.For complete and updated information on the carris stations, ticket sale points, prices, follow the indications below:www.carris.pt

By TaxiGetting around by taxi in Lisbon is definitely another option. There are plenty of taxi companies and taxi ranks throughout the city, not to mention taxis can also count as one of the means of airport transfer.www.taxislisboa.com www.teletaxis.pt

Taxi VoucherTitle of Transportation by taxi with a guarantee rate.Exclusive sale at the Ask me Lisboa Tourism Offices at the Airport - ArrivalsTaxi Voucher Service is valid only from the Airport to your destination.

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