newsletter - Volkswirtschaftliche Fakultät

newsletter - Volkswirtschaftliche Fakultät

VOLKSWIRTSCHAFTLICHE FAKULTÄT
MUNICH GRADUATE SCHOOL OF ECONOMICS
No. 27
24 - 01 - 05
NEWSLETTER
SEMINARE DIESE WOCHE
SEMINARS THIS WEEK
Munich Graduate School of Economics
Montag, 24. Januar
15:15 - 16:45 Uhr
CES
Schackstr. 4/II, Raum 207
Forschungsseminar
Research Seminar
Katharina Sailer
(LMU München)
“Searching the eBay Marketplace”
CESifo – Süddeutsche Zeitung
Montag, 24. Januar
18:00 - 19:30 Uhr
ifo Institut, Ludwig-Erhard-Saal
Poschingerstr. 5
Department of Economics
Dienstag, 25. Januar
17:30 - 19:00 Uhr
Seminar for International
Economics, Library
Ludwigstr. 28/II
Arij Lans Bovenberg
(Tilburg University)
“Balancing work and family life: A life-course
perspective”
Hans-Moeller-Seminar
Ray Riezman
(University of Iowa)
“Production, Trade and Exchange Rates in Large
Experimental Economies”
Abstracts: see page 3
1
CES LECTURES
CES LECTURES
Dienstag, 25. Januar
11:15 - 12:45 Uhr
CES, Schackstr. 4/II
Donnerstag, 27. Januar
11:15 - 12:45 Uhr
CES, Schackstr. 4/II
Ray Riezman (III)
“International Trade Theory”
Giorgio Bellettini (I)
“Special Interest Politics and Economic Policy”
COFFEE SHOP
COFFÈE SHOP
Mittwoch, 26. Januar
15:00 - 16:00 Uhr
Seminar for Comparative Economics
Akademiestr. 1/III
All members and guests
of the department welcome
BROTZEIT-SEMINARE
BROWN BAG SEMINARS
CES Lunchtime Seminar
Montag, 24. Januar
12:00 - 13:00 Uhr
Schackstr. 4/II, 207
Karin Thomsen
“Sugar Policies: An Invincible Bastion for CGE
Modellers?”
International Economics Workshop
(Marin)
Montag, 24. Januar
13:00 - 15:00 Uhr
Ludwigstr. 28/II Vgb., 221
Alexander Raubold
“Globalization and Austria: Outsourcing and the
Demand for High-Skilled Labour”
Public Economics Seminar
(Haufler-Huber)
Montag, 24. Januar
13:30 - 14:30 Uhr
Akademiestr. 1/II, Library
Macro Seminar (Illing)
Dienstag, 25. Januar
13:00 - 14:00 Uhr
Ludwigstr. 28 Vgb., 305
Sven Stöwhase
“Which matter more in multinationals` FDI,
effective or nominal tax rates?”
Laura Gariup
“Sustainable Development and Global Changes:
Biodiversity Loss”
ifo Lunchtime Seminar
Mittwoch, 26. Januar, 12:00 - 13:30 Uhr
Poschingerstr. 5, Ludwig-Erhard-Hall
Oliver Hülsewig, Timo Wollmershäuser
“Bank Loan Supply and Monetary Policy
Transmission in Germnay”
Research Strategy Seminar
Mittwoch, 26. Januar, 14:00 - 15:00 Uhr
Kaulbachstr. 45, 004
Michela Coppola
“The living standard in pre-unification Germany
(1815-1845)”
2
ABSTRACTS
ABSTRACTS
Munich Graduate School of Economics
Forschungsseminar
Research Seminar
Montag, 24. Januar, 15:15 - 16:45 Uhr
Katharina Sailer
(LMU München)
“Searching the eBay Marketplace”
The paper proposes a dynamic framework for demand estimation with data obtained from eBay
auctions when one or more bids of a bidder for similar products offered in consecutive auctions can
be observed and bidding is costly. As opposed to standard static auction models, where the bidder
either wins or forgoes the product forever, the bidder here values the option to bid again in the next
upcoming auction and adjusts her bid accordingly. For estimation of the parameters of this
dynamic auction game, the unobserved winning bids are imputed in a first step. It is shown that
standard panel methods then lead to consistent estimates for the common demand parameters,
despite of the selection that is introduced by the individual participation decision. The bidding
costs finally can be inferred from the first order conditions using estimates from the prior steps.
Department of Economics
Hans-Moeller-Seminar
Dienstag, 25. Januar, 17:30 – 19:00 Uhr
Ray Riezman
(University of Iowa)
“Production, Trade and Exchange Rates in Large Experimental Economies”
We construct experimental economies for the purpose of studying market equilibration in
economies that are larger and more complex than any that have been studied experimentally to
date. Complexity is derived from the fact that the economies are “international” in economic
structure with multiple foreign exchange markets in operation. We find that international trade
patterns exhibit a strong “home bias” and patterns of trade conform closely to the gravity model.
These findings are of interest since many of the explanations of home bias are not present in our
laboratory economies. In addition, it is surprising that the gravity model works in the laboratory
since there is no physical distance between countries. This suggests that there may be more
fundamental forces at work producing home bias and gravity equation relationships. The
economies have twenty-one markets and due to the fact that they have roughly fifty agents, the
economies are characterized by several hundred equations. In spite of the complexity and
interdependence of the economy, the results demonstrate the substantial power of the general
equilibrium model of perfect competition to predict directions of movements of market-level
variables.
GASTWISSENSCHAFTLER
VISITORS
Ray Riezman
Georgio Bellettini
Annalisa Luporoni
Daniel Krähmer
University of Iowa
University of Bologna
University of Florence
FU Berlin
CES
CES
CES
SFB
10.01.-28.01.05
10.01.-12.02.05
10.01.-26.02.05
24.01.-04.02.05
3
KONGRESSE – FORSCHUNGSAUFENTHALTE – EXTERNE VORTRÄGE
MEETINGS – RESEARCH VISITS – SEMINARS ABROAD
Frank Oberholzner trug am 11. Januar 2005 im Historisch-geographischen Kolloquium der
Universität Bonn vor. Der Vortrag hatte den Titel: „Ein oft unterschätztes Risiko:
Wahrnehmungen der Naturkatastrophe Hagel im Verlauf der letzten Jahrhunderte.
Rahmenbedingungen und Gründe für die Entstehung der Innovation Hagelversicherung“.
Dalia Marin presented her paper "Globalization and the Empowerment of Talent" at the
European University Institute in Florence.
Marco Runkel presented his paper "Hyperbolic Discounting and Public Debt" (jointly with
Bernd Huber) at the Institute of Economic Research of the ETH Zürich.
Hans-Werner Sinn was the first German economist to give the Tinbergen Lecture, held on
October 22nd, 2004. Keeping to the Tinbergen Lecture tradition of addressing issues in the
theory of economic policy, Sinn’s lecture delved into the implications of the European
demographic decline for innovation, economic growth and the pensions systems, examining
the root causes for this development.
The lecture can be downloaded from the Website www.cesifo.de (What's New - Press
releases).
VERSCHIEDENES
MISCELLANEOUS
VAC Kontaktstudium
Dalia Marin is giving a lecture on "Globalisierung und Offshoring:
Eine Herausforderung für Deutschland?“ at the Münchner Volkswirte Alumni-Club am 26.1.2005
um 18 Uhr s.t. Ludwig-Erhard-Saal des ifo-Instituts, Poschingerstr. 5, 81679 München.
Hans-Werner Sinn will address fundamental issues of the German economy on the basis of his
book „Ist Deutschland noch zu retten?“ in a series of lectures organised by the Münchner
Volkshochschule, the TV channel BR Alpha and the ifo Institute for Economic Research. The
seven-part series starts on 27 January with the topic "Wie wir die Wettbewerbsfähigkeit verloren".
Each lecture topic will be discussed in further detail in a conversation with a BR journalist following
Prof. Sinn's address. The series will be recorded by the Bayerischer Rundfunk and broadcast as a BR
Alpha TV series. The lectures will be held in German.
Registration and ticket sales at Münchner Volkshochschule. Further information regarding the
lecture series at www.ifo.de and www.mvhs.de (in German).
Munich Economics Newsletter
Volkswirtschaftliche Fakultät - Munich Graduate School of Economics
Dekan: Prof. Dr. Gerhard Illing
Redaktion: Therese Bierbach, Schackstr. 4/IV, 80539 München
URL: http://www.vwl.uni-muenchen.de
Tel. 089 2180-2327, Fax 089 2180-6272,
E-Mail: therese.bierbach@dekanat.vwl.uni-muenchen.de
Redaktionsschluss für den Munich Economics Newsletter Nr. 28:
Mittwoch, 26. Januar 2005, 12:00 Uhr
4