25th nes research Conference April 16-18, 2009

25^th NES Research Conference April 16-18, 2009
Thursday, April 16
10:10 – 10:20 Registration (room. 521)
10:20 – 11:40 Session 1
А (521) Chairman: Andrei Markevich Project leader: Irina Denisova Family endowments and demographic and labor market outcomes Bondarenko Maxim: Do Russian Households Smooth Their Consumption? Konkova Maria: Educational choice: micro analysis Frolov Nikolay: Labor market experience of former military draftees: Russian experience Shutka Sergey: The role of private transfers for Russian households		В (520) Chairman: Ruben Enikolopov Project leaders: Valery Makarov, Alexei Savvateev, Konstantin Sonin Game Theory: Networks and Coalitions Zhukova Alexandra: Competition of retail chains Kazantsev Alexandr: Coalition formation and redistribution of power in political games Irek Kalmetiev: Coalition formation for risk diversification with possibility of agents to save Koval Dmitry: The problem of the dictator and viziers: the loyalty-competence- tradeoff
11:40 – 12:00 Coffee/Tea (first floor)
12:00 – 13:40 Session 2
А (521) Chairman: Irina Denisova Project leaders: Paul Dower, Andrei Markevich, Ekaterina ZhuravskayaTopics in economic history and development Govorun Andrey: Agricultural performance in Russian Empire in the 19th century Kudinov Anton: Persistent effect of the Pale of Settlement Moria Oleg: Economic determinants of Russian internal migration at the end of 19th century Nekorkin Alexey: ”Winners” and “losers” from transition Provizion Mikhail: Влияние религии на отношение сельского населения к социальным институтам	В (520) Chairman: Maria Petrova Project leaders: Valery Makarov, Alexei Savvateev, Konstantin Sonin Game Theory: Networks and Coalitions Pozdova Natalya: Stability of a Cartel at different auction formats Skiba Elena: Shayakhmetov Marat: Group formation for agents with different production opportunities Project leader: Alexei Devyatov Modeling and forecasting the Russian economy Skopintsev Sergey: A structural model of the Russian economy with current account block, retail trade block, soft balance constraints and penalty functions
13:40 – 15:00 Lunch Break (Lunch is provided to faculty members on the first floor)
15:00 – 16:40 Session 3
А (521) Chairman: Alexei Devyatov Project leaders: Paul Dower, Andrei Markevich, Ekaterina Zhuravskaya Topics in economic history and development Rivkin Sergey: Industrialization, zemskie expenditure and Russian cites in the second part of the 19th century Sidorovsky Evgeny: Political Loyalty or Economic Performance: What Was the Main Factor for Political Turnovers in the USSR?” Ukhaneva Olga: Impact of Ekaterina’s the Second Administrative Reform on Economic Performance of Russian Cities Tsukanov Alexey: Who likes United States of America in Russia? Chernina Evgeniya: Stolypin agrarian reform and peasant migration to Siberia			В (520) Chairman: Konstantin Sonin Project leader: Sergei Izmalkov Design and Analysis of Trading Processes Agrenenko Alexey: Analysis of the Social Housing Procurement Auctions Conducted by the Government of Moscow Artimenja Dmitriy: Internet advertising auctions: the analysis of strategic behavior of large players Gusev Dmitry: Evaluation of potential inefficiencies at U.S. Treasury auctions Kotsur Olga: Why does IPO Bookbuilding method prevail over Auctions? Long-term vs. short-term underpricing Khusainova Irina: Investigation of firms’ optimal policy under emission restrictions
16:40 – 17:00 Break
17:00 – 18:30, room 521 Distinguished Lecture: Chairman: Victor Polterovich Sudipto Bhattacharia (Professor of Finance at the London School of Economics): "Banking Theories and the Current Crisis"
18:30, room 520 Wine&Cheese

Friday, April 17
10:00 – 12:00 Session 4
А (521) Chairman: Alexei Goriaev Project leaders: Andrei Bremzen, Sergei Guriev, Anton Suvorov Economics of experience goods, collaborative filtering and other topics in microeconomics Vakhrutdinova Yulia: The effect of the real cost of rouble on incentives to conceal wages: the empirical analysis of RLMS data Zakharov Konstantin: Firm’s mission choice problem on the labor market with unobserved agent’s type Krayshkin Yuriy: Employee on-the-job and off-the-job training Kucheryavyy Konstantin: Variations in users’ behavior among different types of collaborating filtering networks Lavrinenko Katherine: Empirical analysis of imperfect competition in financial markets and capital structure Moskvin Andrey: The Fear of Losing Face			В (520) Chairman: Oleg Zamulin Project leaders: Victor Polterovich, Vladimir Popov Appropriate economic policies at different stages of catch-up development: threshold mechanisms Krasnikov Yury: Research of threshold nature of economic growth under uncertain costs of adaptation Paramonova Julia: Escaping from Underdevelopment Trap Prilepskiy Ilya: Capital Controls, Foreign Direct Investment, and Economic Growth Pikulina Elena: Institutions and Absorptive Capacity Saraeva Elena: Imitation of technologies and underdevelopment traps Fedorov Nikolay: Vertical integration, outsourcing and technical adoption
12:00 – 12:20 Coffee/Tea (first floor)
12:20 – 14:20 Session 5
А (521) Chairman: Victor Polterovich Project leaders: Andrei Bremzen, Sergei Guriev, Anton Suvorov Economics of experience goods, collaborative filtering and other topics in microeconomics Novikov Dmitry: Russian Internet-based Dating Analysis: To Pay Or Not To Pay? Rubanov Oleg: Partition of All-Pay Contests Sazanov Aleksey: Identity-specific investments and group formation Steblyuk Andrey: Peer Effects for NES Students: Impact on GPA for Dorm Roommates Sytnova Oksana: Incentives in Fundamental Research: Absolute Advantage versus Relative Advantage Tsoi Anton: Endogenous information in global games: an example	В (520) Chairman: Sergei Izmalkov Project leaders: Ruben Enikolopov, Alexei Goriaev, Maria Petrova Politics and Finance Akhunianov Irek: Transparency and Firm Value: Evidence from the Financial Crisis 2007 - 2009 Goncharov Yaroslav: Rescue of Economics by the Stock Market Manipulation: Evidence from Russian Government Intervention Zagorodnov Kirill: Investigation on efficiency of lobbying expenditures and campaign contributions on law formation in USA Kamenskich Marina: Vulnerability to Political Risks: the Case of Russia Nasonov Victor: Political risks and the composition of international capital flows during the financial crisis of 2007-2009 Usanov Yuri: Insider trading by politicians: evidence from Russia
14:20 – 15:20 Lunch Break (Lunch is provided to faculty members on the first floor)
15:20 – 16:40 Session 6
А (521) Chairman: Anton Suvorov Project leader: Tatiana Mikhailova Regional Migration and Regional Development Vazhnin Pavel: Spatial interactions among Russian cities 1923-2000 Goryachikh Kirill: The role of politically connected firms in the economy of Russian regions Minaeva Olga: Russian Regional Convergence: Influence of Migration Staroverov Aleksandr: An empirical model of location choice: application to market of appliances	В (520) Chairman: Dmitry Makarov Project leaders: Ruben Enikolopov, Alexei Goriaev, Maria Petrova Politics and Finance Uraskulov Eduard: Influence of Political Expectations on Performance of Defense Industry Mironets Ivan: Lobbying and Stock Volatility: Evidence from the Financial Crisis 2007 - 2008 Menyashev Rinat: The Effect of President's Personality on the Stock Markets in Case of Russian Presidential Elections of 2008 Koshelev Andrey: The impact of news on default and liquidity components of sovereign dollar-denominated eurobond spreads in emerging markets during the 2008 financial crisis
16:40 – 17:00 Break
17:00 – 18:30, room 521 Keynote Address: Chairman: Sergei Guriev Zeljko Bogetic (World BankLead Economist for Russia): “A View on The Impact of the Global Crisis on Russia and Policy Response”
18:30, room 520 Wine&Cheese
Saturday, April 18
10:30 – 11:50 Session 7
А (520) Chairman: Pavel Katyshev Project leaders: Anatoly Peresetsky, Alexander Karminsky Trend of the banking sector in Russia and bank ratings Bakhtin Kirill: The measurement and the comparison of technical efficiency of Russian manufacturing and trade companies Kozlov Evgeny: The links between economic performance of the Russian regions and the development of regional banking systems Makovetskaya Marta: Probability of Default Models for Russian Banking Sector Neyshtadt Igor: Russian banking: A relation between deposit interest rates and risk			В (1121-1) Chairman: Grigory Kosenok Project leader: Stanislav Anatolyev Predictability and trading strategies in financial markets Kryzhanovskaya Natalia: Different approaches to return sign forecasting under asymmetric loss function Krupskii Pavel: On financial time-series direction-of-change forecast using copulas with time-varying parameters Reukova Elena: Direct and Iterated Forecasting of Binary Time Series Based on Adaptive Combination Approach Mikheev Stanislav: Different measures of risks and their influence on returns
11:50 – 12:10 Coffee/Tea (first floor)
12:10 – 13:30 Session 8
А (520) Chairman: Vyacheslav Gorovoy Project leader: Dmitry Makarov Topics in portfolio choice theory Vilenskaya Olga: Strategic Asset Allocation under Different Investment Opportunities Goncharov Sergey: Optimal effort allocation under varying market perception of manager’s skills Sidelnikov Sergey: Fund family interaction and inflows Sorokin Valery: Optimal leverage under volatility shocks				В (1121-1) Chairman: Sergey Stepanov Project leader: Oleg Zamulin Business Cycles in Emerging Markets Baranov Alexander: Overheating and Overconsumption in developing countries Zakolyukin Yaroslav: House prices and interest rates Nelyubina Natalia: Inflation Stabilization: Crucial Factors for Sucess Safronov Mikhail: The influence of decrease of oil price on Russian GDP
13:30 – 13:50 Break
13:50 – 14:50 Session 9
В (520) Chairman: Stanislav Anatolyev Project leaders: Grigory Kosenok, Sergey Stepanov Mergers and Acquisitions and Some Other Topics in Microeconomics Goryunov Eugene: Reputation acquisition by financial intermediary in the market of equity offerings Zaitcev Dmitry: Effects of managerial compensation on acquisition decisions when investors are irrational Smyslov Anton: Location Choice in Two Countries: Symmetric and Asymmetric Tariffs
14:50 Closing

25 ^th NES Research Conference
April 16–18, 2009


Program


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