Penn Stater Conference Center
The Center for the Study of Auctions, Procurements and Competition Policy at Penn State along with our partner, The Institute for Financial Studies, will host the 3rd Annual CAPCP Conference April 29 – May 2, 2010 to be held at the Penn Stater Conference Center.
The conference is sponsored by the Human Capital Foundation.
Printable PDF agenda: CAPCP Conference Agenda
Thursday, April 29, 2010
6:30-9:00p.m.
Penn Stater Conference Center
Welcome reception and dinner
Friday, April 30, 2010
7:15 – 8:15 a.m. Buffet breakfast in Executive Room – Garden Level
All sessions to be held in room 208
8:30-8:45a.m. Welcoming Remarks
Barry Ickes, The Pennsylvania State University
Isabelle Perrigne, The Pennsylvania State University
Morning Session Chair: Ed Green, The Pennsylvania State University
8:45 – 10:45 a.m.
Motty Perry, Hebrew University (coauthor: Alex Gershkov, Hebrew University)
“Dynamic Contracts with Moral Hazard and Adverse Selection”
Discussant: Patrick Rey, Toulouse School of Economics
Minjung Park, University of Minnesota (coauthors: Patrick Bajari and Robert Town, University of Minnesota and Han Hong, Stanford University)
“Regression Discontinuity Designs with an Endogenous
Forcing Variable and an Application to Contracting in
Health Care”
Discussant: Liran Einav, Stanford University
10:45 -11:15 a.m. Break
11-15a.m. – 12:15p.m.
Halbert White, University of California, San Diego (coauthors: Liangiun Su, Singapore Management University and Stefan Hoderlein, Brown University)
“Testing Monotonicity in Unobservables iwth Panel Data”
Discussant: Quang Vuong, The Pennsylvania State University
12:15 – 1:45 p.m. Buffet lunch in Presidents Hall I – Main Level
Afternoon Session Chair: Isabelle Perrigne, The Pennsylvania State University
1:45 – 3:45 p.m.
Laurent Lamy, Paris School of Economics
“The Econometrics of Auctions with Asymmetric Anonymous Bidders “
Discussant: Isabelle Perrigne, The Pennsylvania State University
Steven Tadelis, University of California, Berkeley (coauthor: Florian Zettelmeyer, Northwestern University)
“The Effect of Information on Auction Outcomes:
A Large Scale Field Experiment”
Discussant: Larry Ausubel, University of Maryland
3:45 – 4:15 p.m. Break
4:15 – 5:15 p.m.
Ariel Pakes, Harvard University (coauthor: Chaim Fershtman, Tel Aviv University)
“Finite State Dynamic Games with Asymmetric Information: A Framework for Applied Work“
Discussant: Victor Aguirregabiria, University of Toronto
Evening events will be held at Hintz Alumni Center
6:30 – 7:30 p.m. Reception
7:30 – 10:00 p.m. Dinner
Evening events include a presentation by Robert Engle, Michael Armellino Professor of Finance and Nobel Laureate 2003, NYU-Stern School of Business
Bus service will be provided for event at Hintz Alumni Center starting at 6:15pm from the Penn Stater Main Lobby
Saturday, May 1, 2010
7:45 – 8:45a.m. Buffet breakfast in Senate Suites- Main Level
All sessions to be held in room 208
Morning Session Chair: Vijay Krishna, The Pennsylvania State University
9:00 – 11:00 a.m.
Rakesh Vohra, Northwestern University (coauthor: Mallesh M. Pai, Northwestern University)
“Optimal Auctions with Budget Constraints“
Discussant: Sushil Bikhchandani, University of California, Los Angeles
R. Preston McAfee, Yahoo! Research (coauthors: Jiong Gong and Jianpei Li, University of International Business and Economics)
“Split-award Auctions with Investment”
Discussant: Luciano de Castro, University of Illinois at Urbana-Champaign
11:00 -11:30 a.m. Break
11:30 a.m. – 12:30 p.m.
Igal Hendel, Northwestern University (coauthor: Aviv Nevo, Northwestern University)
“A Simple Model of Demand Anticipation”
Discussant: Steven Berry, Yale University
12:30 – 2:00 p.m. Buffet lunch in Deans Hall I – Main Level
Afternoon Session Chair: Kalyan Chatterjee, The Pennsylvania State University
2:00 – 4:00 p.m.
Moritz Meyer-ter-Vehn, University of California, Los Angeles (coauthor: Simon Board, University of California, Los Angeles)
“Reputation for Quality“
Discussant: Jeroen Swinkels, Northwestern University
Matthew Shum, California Institute of Technology (coauthors: Federico Echenique and SangMok Lee, California Institute of Technology)
“Aggregate Matchings“
Discussant: Jeremy Fox, The University of Chicago
4:00-4:30 p.m. Break
4:30 – 5:30 p.m.
CRIFES ENERGY REPORT
Kerem Cosar, The Pennsylvania State University
Barry Ickes, The Pennsylvania State University
Evening events will be held at the Letterman’s Lounge in Beaver Stadium
6:30 – 7:30 p.m. Reception
7:30 – 10:00 p.m. Dinner
Bus service will be provided for event at Beaver Stadium
Sunday, May 2, 2010
7:15 – 8:15 a.m. Buffet breakfast in Senate Suites- Main Level
All sessions to be held in room 208
Morning Session Chair: Mark Roberts, The Pennsylvania State University
8:30 – 10:30 a.m.
Connan Snider, University of California, Los Angeles
“Predatory Incentives and Predation Policy: The American Airlines Case”
Discussant: Allan Collard-Wexler, New York University-Stern School of Business
John Rust, University of Maryland
“A Dynamic Model of Leap-Frogging Investments and Bertrand Price Competition”
Discussant: Mark Roberts, The Pennsylvania State University
10:30 -11:00 a.m. Break
11:00a.m. – 12:00 p.m. – Closing Presentation
Robert Wilson, Stanford University (coauthor: Srihari Govindan, University of Iowa)
“Fixed-Point Methods for Auctions” (background paper 1 and background paper 2)
Discussant: Philip Reny, The University of Chicago
12:00 – 1:30 p.m. Buffet lunch in Deans Hall-Main Level
Travel Information
For travel directions and airport information the following link will provide you with information on how to get to the conference. The site also contains phone numbers for the local airport and stations.
If you are flying to State College please email a copy of your itinerary to Michele Moslak to have local transportation arranged from the airport.
You will receive an email prior to the conference with your hotel and shuttle information.
Registration Information
When you arrive at the Penn Stater you will be able to receive your conference materials. The conference desk will be located near the main hotel registration desk.
Per University regulations the following forms need to be completed by all guests at a University event. If you have not done so already please complete the forms and fax to Michele at 814-865-0013 or attach as a pdf document and email to Michele Moslak. You will be asked to sign original forms at the conference registration as well as show copies of passport/visa/I94 card if apply.
Contact Information
Questions on the CAPCP April Conference should be directed to:
Michele Moslak
The Center for the Study of Auctions, Procurements and Competition Policy at Penn State
Department of Economics
The Pennsylvania State University
515 Kern Building
University Park, PA 16802
phone: 814-865-0130
fax: 814-865-0013
Listing of Attendees
Conference Papers
Papers being presented at the 2010 Conference
Igal Hendel, Northwestern University (coauthor: Aviv Nevo, Northwestern University)
“A Simple Model of Demand Anticipation”
Laurent Lamy, Paris School of Economics
“The Econometrics of Auctions with Asymmetric Anonymous Bidders “
R. Preston McAfee, Yahoo! Research (coauthors: Jiong Gong and Jianpei Li, University of International Business and Economics)
“Split-award Auctions with Investment”
Moritz Meyer-ter-Vehn, University of California, Los Angeles (coauthor: Simon Board, University of California, Los Angeles)
“Reputation for Quality“
Ariel Pakes, Harvard University (coauthor: Chaim Fershtman, Tel Aviv University)
“Finite State Dynamic Games with Asymmetric Information: A Framework for Applied Work“
Minjung Park, University of Minnesota (coauthors: Patrick Bajari and Robert Town, University of Minnesota and Han Hong, Stanford University)
“Regression Discontinuity Designs with an Endogenous
Forcing Variable and an Application to Contracting in
Health Care”
Motty Perry, Hebrew University (coauthor: Alex Gershkov, Hebrew University)
“Dynamic Contracts with Moral Hazard and Adverse Selection“
Matthew Shum, California Institute of Technology (coauthors: Federico Echenique and SangMok Lee, California Institute of Technology)
“Aggregate Matchings“
Connan Snider, University of California, Los Angeles
“Predatory Incentives and Predation Policy: The American Airlines Case”
Steven Tadelis, University of California, Berkeley (coauthor: Florian Zettelmeyer, Northwestern University)
“The Effect of Information on Auction Outcomes:
A Large Scale Field Experiment”
Rakesh Vohra, Northwestern University (coauthor: Mallesh M. Pai, Northwestern University)
“Optimal Auctions with budget constraints“
Halbert White, University of California, San Diego (coauthors: Liangiun Su, Singapore Management University and Stefan Hoderlein, Brown University)
“Testing Monotonicity in Unobservables iwth Panel Data”
Robert Wilson, Stanford University (coauthor: Srihari Govindan, University of Iowa)
“Fixed-Point Methods for Auctions” (background paper 1 and background paper 2)
Conference Highlights
The Center for the Study of Auctions, Procurements and Competition Policy (CAPCP) held its third annual conference from April 29 to May 2, 2010. As for the previous two conferences, most theoretical and empirical sessions were devoted to auctions and competition policy issues. Some additional topics on health economics and matching have been introduced this year to cover current issues of interest in the economics profession. The program included fourteen papers presented by Ariel Pakes from Harvard University, Hal White from UC San Diego and Bob Wilson from Stanford University among others. After the Friday dinner at the Hintz Alumni Center, Rob Engle from New York University, Nobel Laureate 2003, gave a lecture on new risk measures for top US financial firms conducted by the Volatility Lab, which is sponsored by CAPCP. On Saturday afternoon, Barry Ickes chaired a round table on energy issues. Compared to the first two conferences, this latest conference had an increased attendance of more than 100 participants at every session including a significant proportion of graduate students of Penn State. The committee is already working on the program of the fourth conference, which will be held at similar dates.
