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Programme book earie2018.org - 31 August - 2 September - earie 2018
31 August - 2 September

                          Programme book
                          45th Annual Conference of the European
                          Association for Research in Industrial Economics

                          earie2018.org
Programme book earie2018.org - 31 August - 2 September - earie 2018
45th Annual Conference of the European Association for Research in Industrial Economics

    FLOOR PLANS
    Conference Venue Address:

    Athens College & Psychiko College
    (Hellenic American Educational Foundation)
                                                                                                                                            WC
    Stefanou Delta 15
    Filothei Psichiko 154 52, Athens                                                R032                                                         R014
    Greece

                                                                                            R023   R021                R013   R011                R012

                                                                                                                                        R007     R010

                                                                                                                                                 R008

    College        Coffee        Conference
                                                    Lunches
    Theater        Breaks         Building

                                                                                                                                        R001     R002
                                                                                                    Conference Building
                                                                                                       Ground Floor

                                                                                                                                            WC

                                                                                                                       R120   R118               R114

                                                                                                                       R117   R115   R113

                                                                                           Registration
                                                                                              desk

                                                                                                    Conference Building
                                                                                                         1st Floor

                                                                                                           Choremi
                                                                                                          Auditorium

                               Parking            Entrance

                                                                                                    Conference Building
                                                                                                         2nd Floor

2                                                                                                                                       Athens 2018
Programme book earie2018.org - 31 August - 2 September - earie 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                                                                             CONTENTS

              FLOOR PLANS 								02
              WELCOME TO EARIE 2018 IN ATHENS 				                                           04
              CONFERENCE ORGANIZERS 						06
              SCIENTIFIC COMMITTEE 						07
              KEYNOTE SPEAKERS 							08
              INVITED SESSIONS 							08
              RISING STARS SESSIONS 						08
              INFORMATION FOR SPEAKERS 					09
              YOUNG ECONOMISTS‹ ESSAY AWARDS 				                                            09
              PARALLEL SESSIONS 							10
              INDEX OF PRESENTERS 							26
              SOCIAL EVENTS 								30
              INFORMATION ABOUT ATHENS             				                                      31
              GENERAL INFORMATION 						32
              PRACTICAL INFORMATION 						33
              NOTES 									34
              MAP OF ATHENS 								35
              PROGRAMME OVERVIEW 						36

Athens 2018                                                                                                           3
Programme book earie2018.org - 31 August - 2 September - earie 2018
45th Annual Conference of the European Association for Research in Industrial Economics

    WELCOME TO EARIE 2018 IN ATHENS
    On behalf of the Athens University of Economics and Business, we are delighted to welcome you to Athens for
    the 45th Annual Conference of the European Association for Research in Industrial Economics (EARIE 2018).
    EARIE 2018 offers an excellent opportunity for researchers and professionals interested in Industrial
    Economics to exchange thoughts and discuss both theoretical and applied research questions. The conference
    includes parallel sessions, six “rising stars” sessions, twelve invited speakers, two keynote speakers, Jakub Kastl
    (Princeton University) and Peter Neary (University of Oxford), as well as a speech by the president of EARIE,
    Xavier Vives (IESE Business School).

    We would like to express our most sincere gratitude and appreciation to all who made this event possible.
    We are grateful to Paul Heidhues (DICE, Heinrich-Heine-University Düsseldorf) for Chairing the scientific
    committee and setting up a conference programme of excellent quality. We thank all the members of the
    scientific committee for supporting Paul in the challenging task of selecting the very best papers. In addition,
    we are grateful to Xavier Vives (IESE Business School, EARIE president) and Ene Kannel (EARIE Secretary) for
    their input and help during the organizing process.

    We also express our gratitude to the Athens College and Psychiko College (Hellenic American Educational
    Foundation) for generously allowing the use of their facilities for the conference and to all our sponsors - listed
    on the next page - for their generosity and support.

    Finally, we would like to thank you and all other participants for the scientific input and for your overall
    contribution to the success of this conference. We hope you enjoy EARIE 2018 and wish you a very pleasant
    stay in Athens!

    The EARIE 2018 Local Organising Committee

    Nikos Vettas (Chair)
    Christos Genakos
    Yannis Katsoulacos
    Helen Louri-Dendrinou
    Chrysovalantou Milliou

    If you require any assistance throughout the course of this conference, please visit the conference registration desk.

4                                                                                                                    Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                                                          SPONSORS
              Sponsors

              Exhibitors

              Supporters

Athens 2018                                                                                        5
45th Annual Conference of the European Association for Research in Industrial Economics

    CONFERENCE ORGANIZERS
    The 45th Annual Conference of the European Association for Research in Industrial Economics is organized
    by the Athens University of Economics and Business in collaboration with the Foundation for Economic and
    Industrial Research - IOBE.

    Athens University of Economics and Business www.aueb.gr
    The Athens University of Economics and Business (AUEB) was founded in 1920. It is the third oldest university
    in Greece and has long been the leading university in the country in the fields of Economics, Business
    Administration and related academic areas.

    It currently has eight academic departments (Economics, International and European Economics, Finance and
    Accounting, Management, Marketing, Management Science and Technology, Computer Science and Statistics),
    with a total of about 9000 undergraduate students. In addition to its undergraduate programs, AUEB offers a
    large number of Master’s programs and Doctoral studies, currently having a total of more than 2000 graduate
    students.

    The Athens University of Economics and Business is a distinguished institution with a special place in the
    Greek society. Throughout the university’s centennial history, its alumni have consistently been serving in the
    boards and in in the highest management positions of almost all large enterprises and banks in Greece, and
    many large corporations in Europe and the rest of the world, as well as in top positions of the Greek public
    administration and of the country’s Government, while many AUEB alumni have been teaching in the most
    prestigious universities in Europe, the United States and around the world.

    FOUNDATION FOR ECONOMIC AND INDUSTRIAL RESEARCH – IOBE                                www.iobe.gr
    The Foundation for Economic and Industrial Research - IOBE is a private, non-profit, public-benefit research
    organisation. Established in 1975, it has the dual purpose of promoting research on the current problems and
    prospects of the Greek economy and of generating reliable information, data, analysis and proposals that
    are of value to policy makers. In that sense, IOBE holds a unique position in the Greek society as a politically
    independent, non-partisan body dealing with the major issues of the economy. It collaborates with numerous
    research and policy organizations and industry associations in Greece and abroad. Its research projects range
    from industry analyses and regulatory and taxation impact studies to fiscal, macroeconomic and growth
    planning.

    European Association for Research in Industrial Economics (EARIE) www.earie.org
    The European Association for Research in Industrial Economics (EARIE) was founded in 1974 under the
    auspices of the International Institute of Management (IIM), following an initiative undertaken by Frederic M.
    Scherer, and Jürgen Müller. The aim of the Association is to provide a professional society for academics and
    practitioners engaged in the field of Industrial Economics. EARIE consists of its members, who meet and vote
    annually at the EARIE General Assembly, an Executive Committee led by a President, with input from Officers
    & Directors, and two floating sub-committees, the Scientific Committee and the Local Organizing Committee,
    the Chairs of which are selected each year to manage the main event and attraction of the Association, the
    EARIE Annual Conference.

                                                                     Organizers

6                                                                                                              Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                                                                             SCIENTIFIC COMMITTEE
Chair: Paul Heidhues (DICE, Heinrich-Heine-University Düsseldorf)     Patrick Legros (ECARES)
Jason Abaluck (Yale University)                                       Jeanine Miklos-Thal (University of Rochester)
Victor Aguirregabiria (University of Toronto)                         Matthew Mitchell (University of Toronto)
John Asker (UCLA)                                                     Jose L. Moraga-Gonzalez (VU University Amsterdam)
Heski Bar-Isaac (University of Toronto)                               Francesco Nava (LSE)
Michael Baye (Kelley School of Business)                              Volker Nocke (UCLA)
Özlem Bedre-Defolie (ESMT Berlin)                                     Hans-Theo Normann (DICE, HHU Düsseldorf)
Paul Belleflamme (Université Catholique de Louvain)                   Martin Peitz (University of Mannheim)
Gary Biglaiser (University of North Carolina)                         Emmanuel Petrakis (University of Crete)
Francis Bloch (Paris School of Economics)                             Andrea Pozzi (Einaudi Institute for Economics and Finance)
Simon Board (UCLA)                                                    Susanne Prantl (University of Cologne)
Jan Boone (Tilburg University)                                        Mar Reguant (Northwestern University)
Luis Cabral (NYU Stern)                                               Markus Reisinger (Frankfurt School)
Giacomo Calzolari (University of Bologna)                             Regis Renault (University of Cergy-Pontoise)
Bruno Cassiman (IESE)                                                 Patrick Rey (Toulouse School of Economics)
Federico Ciliberto (University of Virginia)                           Andrew Rhodes (Toulouse School of Economics)
Sofronis Clerides (University of Cyprus)                              Jozsef Sakovics (University of Edinburgh)
Pascal Guy Courty (University of Victoria)                            Carlos Santos (Nova Lisbon)
Gregory S Crawford (University of Zurich)                             Pasquale Schiraldi (LSE)
Jan De Loecker (KU Leuven)                                            Fabiano Schivardi (Luiss University)
Nicolas de Roos (University of Sydney)                                Philipp Schmidt-Dengler (University of Vienna)
Pierre Dubois (Toulouse School of Economics)                          Armin Schmutzler (University of Zurich)
Liran Einav (Stanford University)                                     Christian Schultz (University of Copenhagen)
Alon Eizenberg (Hebrew University of Jerusalem)                       Nicolas Schutz (University of Mannheim)
Winand Emons (University of Bern)                                     Howard William Smith (Oxford University)
Susanna Esteban (Barcelona GSE)                                       Michelle Sovinsky (University of Mannheim)
Natalia Fabra (Carlos III Madrid)                                     Giancarlo Spagnolo (SITE)
Ying Fan (University of Michigan)                                     Yossi Spiegel (Tel Aviv University)
Chiara Fumagalli (Bocconi University)                                 Frode Steen (NHH)
Philippe Gagnepain (Paris School of Economics)                        Joel Stiebale (DICE, HHU Düsseldorf)
Daniel Garrett (Toulouse School of Economics)                         Roland Strausz (Humboldt University Berlin)
Alessandro Gavazza (LSE)                                              John Sutton (LSE)
David Genesove (Hebrew University of Jerusalem)                       Emanuele Tarantino (University of Mannheim)
Matthew Gentry (LSE)                                                  Otto Toivanen (Aalto University)
Michael D. Grubb (Boston College)                                     Johannes Van Biesebroeck (KU Leuven)
Martin Hackmann (UCLA)                                                Frank Verboven (KU Leuven)
Dietmar Harhoff (Max-Planck Munich)                                   Nikos Vettas (Athens U of Economics & Business)
Kate Ho (Columbia University)                                         Reinhilde Veugelers (KU Leuven)
Steffen Hoernig (Nova Lisbon)                                         Xavier Vives (IESE Business School)
Matthias Hunold (DICE, HHU Düsseldorf)                                Van Anh Vuong (University of Cologne)
Elisabetta Iossa (Università degli Studi di Roma)                     Chengsi Wang (Monash University)
Maarten Janssen (University of Vienna)                                Matthijs R Wildenbeest (Kelley School of Business)
Doh-Shin Jeon (Toulouse School of Economics)                          Julian Wright (National University of Singapore)
Bruno Jullien (Toulouse School of Economics)                          Mo Xiao (University of Arizona)
Tobias Johannes Klein (Tilburg University)                            Yaron Yehezkel (Tel Aviv University)
Tobias Kretschmer (LMU Munich)                                        Ali Yurukoglu (Stanford University)
Margaret Kyle (MINES ParisTech)                                       Christine Zulehner (University of Vienna)
Saul Lach (Hebrew University of Jerusalem)

Athens 2018                                                                                                                                      7
45th Annual Conference of the European Association for Research in Industrial Economics

    KEYNOTE SPEAKERS
    Jakub Kastl (Princeton University): Auctions in Financial Markets
    Friday, August 31, 13:15-14:30, College Theater
    Chair: Xavier Vives

    Xavier Vives (IESE Business School) – EARIE Presidential Address: Common Ownership,
    Market Power and Innovation
    Saturday, September 1, 16:30-17:45, College Theater
    Chair: John Vickers

    Peter Neary (University of Oxford): IO for Export(s)
    Sunday, September 2, 11:00-12:15, College Theater
    Chair: Nikos Vettas

    INVITED SESSIONS
    1 Behavioral Economics of Firms: Mo Xiao (University of Arizona) and Yair Antler (University of Essex)
       Friday, August 31, 14:45-16:15, Choremi Auditorium

       ynamic Oligopoly: Myrto Kalouptsidi (Harvard University) and Ulrich Doraszelski
    2 D
      (University of Pennsylvania)
      Friday, August 31, 16:45-18:15, Choremi Auditorium

       onsumer Mistakes and Market Data: Michael Grubb (Boston College) and Jason Abaluck
    3 C
      (Yale University)
      Saturday, September 1, 11:30-13:00, Choremi Auditorium

       rocurement and Antitrust: Leslie Marx (Duke University) and Fabian Herweg
    4 P
      (University of Bayreuth)
      Saturday. September 1, 14:30-16:00, Choremi Auditorium

       rade and IO: Mathieu Parenti (ECARES) and Volker Nocke (University of California, Los Angeles)
    5 T
      Sunday, September 2, 13:45-15:15, Choremi Auditorium

       earch and Switching Costs: Maarten Janssen (University of Vienna) and Jidong Zhou
    6 S
      (Yale University)
      Sunday, September 2, 15:30-17:00, Choremi Auditorium

    RISING STAR SESSIONS
    Following their successful introduction at EARIE 2015 in Munich and the subsequent success at
    EARIE 2016 in Lisbon and EARIE 2017 in Maastricht, “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 detailed programme for presenters, papers and
    discussants.

8                                                                                                             Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                                                     INFORMATION FOR SPEAKERS

              CONFERENCE ROOMS
              All conference rooms are equipped with a computer with USB ports, Microsoft Office, Adobe
              Acrobat Reader, and a projector. Please use these facilities for your presentation 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 laptop before the session starts.

              DURATION
              To 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 CHAIRS
              Chairs 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
              specifies the Chairs for each session. In the unfortunate case that some presenter does not
              show up, session Chairs are asked not to rearrange the presentation times of the other papers,
              so that all conference participants can attend the presentations as originally planned.

                                                YOUNG ECONOMISTS‹ ESSAY AWARDS

              The EARIE Conference is aiming to encourage and foster young researchers in Industrial
              Economics. The Young Economists’ Essay Awards (YEEA) support that aim by recognizing
              innovative, impressive work that is likely to have an impact. The awards are sponsored by
              Elsevier Publishers.
              The criteria for the YEEA are that the author (or all authors of a multiple-authored paper) must
              be under 35 years old and have completed his or her PhD less than five 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 13th time that EARIE bestows this award in Paul Geroski’s memory.
              About 100 submissions were eligible for the award and were considered by a committee
              consisting of Paul Heidhues (Heinrich-Heine University Düsseldorf - DICE, Scientific Committee
              Chair), Xavier Vives (IESE Business School, EARIE President), Volker Nocke (University of
              California, Los Angeles), Jan De Loecker (KU Leuven) and Alessandro Gavazza (London School
              of Economics). The three YEEA winners will be announced during the conference.

Athens 2018                                                                                                                           9
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS I / Friday 31 August 2018 / 14:45-16:15
                   SESSION 2                          SESSION 3                            SESSION 4                          SESSION 5
 SESSION           Behavioral Economics of            Rising Stars: Auctions and           Applied IO: Industry               Bundling and Foreclosure
                   Firms                              Procurement                          Studies
 LOCATION          Choremi Auditorium                 Room 114                             Room 001                           Room 007
                   Jakub Kastl                        Serhat Gezer                         Mario Intini                       Christine Zulehner
 CHAIR             Princeton University               Bielefeld University                 University of Bari Aldo Moro       University of Vienna

 TYPE              Invited                            Rising Star                          Contributed                        Contributed
                   Herding in the U.S. Spectrum       Robust Bidding in First-price        Competition For versus In the      Vertical Foreclosure in the Global
                   Auctions                           Auctions: How to Bid without         Market of Long-distance            Production Network
                                                      Knowing What Others Are Doing        Passenger Rail Services
                   Mo Xiao;                                                                                                   Johannes Boehm;
                   University of Arizona              Bernhard Kasberger;                  Marc Ivaldi;                       Princeton University
 14:45
                                                      University of Vienna                 Toulouse School of Economics
                                                      Discussant: Jozsef Sakovics;
                                                      University of Edinburgh

                                                      Collusion through Market Sharing     Micro-responses to Shocks:         Dynamic Vertical Foreclosure
                                                      Agreements: Evidence from            Pricing, Promotion and Entry
                                                                                                                              Chiara Fumagalli;
                                                      Québec’s Road Paving Contracts
                                                                                           Sofronis Clerides;                 Bocconi University
                                                      Adriano De Leverano;                 University of Cyprus
 15:15                                                HEC Montréal
                   Multilevel Marketing:
                   Pyramid-shaped Schemes or          Discussant: Elisabetta Iossa;
                   Exploitative Scams?                University of Rome Tor Vergata
                   Yair Antler;
                   University of Essex
                                                      Optimal Pricing of an Improving      Pay Cycles and Gasoline Price:     How Bundling Impacts Firms’
                                                      Durable Good                         When Low-cost Companies            Entry Decisions: Evidence from
                                                                                           Exploit Needy Consumers            Broadband Internet
                                                      Serhat Gezer;
 15:45                                                Bielefeld University                 Mario Intini;                      Christine Zulehner;
                                                                                           University of Bari Aldo Moro       University of Vienna
                                                      Discussant: Luis Cabral;
                                                      New York University,
                                                      Stern School of Business

                   SESSION 11                         SESSION 12                           SESSION 13                         SESSION 14
 SESSION           Targeted Advertising               Markets for Credence                 Quality Provision                  Innovation I
                                                      Goods
 LOCATION          Room 113                           Room 012                             Room 008                           Room 010
                   Martin Quinn                       Sotiris Georganas                    Xinyu Hua                          Christian Kiedaisch
 CHAIR             Télécom ParisTech                  City, University of London           Hong Kong University               University of Zurich
                                                                                           of Science and Technology

 TYPE              Contributed                        Contributed                          Contributed                        Contributed
                   Advertising and Price              Credence Goods, Professional         The Economics of Fraudulent        Old Dogs or Spring Chicken?
                   Adjustment for Dropout Con-        Ethics and Public Campaigns          Insurance Companies                Founder Age and Innovation
                   sumers
                                                      Giovanni Ursino;                     Christian Siemering;               Martin Murmann;
 14:45             Dmitry Lubensky;                   Università Cattolica del Sacro       Leibniz University of Hanover      University of Zurich
                   Indiana University                 Cuore

                   Excessive Targeting                Verifiability and Fraud in a         Lawsuits, Regulation and Product   Fiscal Policy and Transitional
                                                      Dynamic Credence Goods Market        Quality: A Fragile Balance         Dynamics in a Schumpeterian
                   Heiko Karle;
                                                                                                                              Model with Step-by-step
                   Frankfurt School of Finance and    Xiaoxiao Hu;                         Limor Hatsor;
                                                                                                                              Innovation
 15:15             Management                         Hong Kong University of Science      Bar Ilan University
                                                      and Technology                                                          Kizuku Takao;
                                                                                                                              Aomori Public University

                   Targeting Advertising              Driving to the Beat: Reputation vs   Product Safety, Contracts,         Inequality and Demand-driven
                   Preferences                        Selection in the Taxi Market         and Liability                      Innovation: Evidence from
                                                                                                                              International Patent Applications
                   Martin Quinn;                      Sotiris Georganas;                   Xinyu Hua;
 15:45             Télécom ParisTech                  City, University of London           Hong Kong University of Science    Christian Kiedaisch;
                                                                                           and Technology                     University of Zurich

10                                                                                                                                                   Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                   14:45-16:15 / Friday 31 August 2018 / PARALLEL SESSIONS I
 SESSION 6                         SESSION 7                        SESSION 8                       SESSION 9                       SESSION 10
 Anti-Competitive Pricing          Information                      Competition in the              Trade and IO I                  Environmental Policies
 Strategies                        Transmission I                   Market for Cars
 Room 120                          Room 117                         Room 002                        Room 115                        Room 014
 Diana Tsai                        Jonas von Wangenheim             Bjørn Gjerde Johansen           Mariko Watanabe                 Giulia Pavan
 National Chiao Tung University    Humboldt University Berlin       University of Oslo              Gakushuin University            Toulouse School of Economics

 Contributed                       Contributed                      Contributed                     Contributed                     Contributed
 On the Profitability of           Communicating Disasters          Deregulation, Consumer          Prudential Capital Controls,    Favoritism in Environmental
 Interfirm Bundling in                                              Choice and Competition in       Credit Supply and               Taxation
                                   Romain Bizet;
 Oligopolies                                                        the Motor Vehicle Inspection    International Trade: Evidence
                                   MINES ParisTech                                                                                  Mathias Reynaert;
                                                                    Market                          from Greece
 Sang-Hyun Kim;                                                                                                                     Toulouse School of
 Yonsei University                                                  Osmis Habte;                    Antonis Kotidis;                Economics
                                                                    University of Lund              University of Bonn

 Is Zero-pricing in Bundle         Disclosure and Pricing of        The Impact of Product Recalls   Trade, Mixed Market             Emission Taxes, Firm
 Offers Anti-competitive?          Attributes                       on the Secondary Market:        Competition and Credit          Relocation, and Quality
                                                                    Evidence from Dieselgate        Constraints                     Differences
 Minsoo Park;                      Alex Smolin;
 Sungkyunkwan University           University of Bonn               Nir Yosef;                      Chara Vavoura;                  Jan Voßwinkel;
                                                                    Tel Aviv University             University of Nottingham        Nürtingen-Geislingen
                                                                                                                                    University

 Market Boundary and               Persuasion against               Measuring Substitution          Cash Can Substitute             The Impact of European
 Network Effects in Evolving       Self-control Problems            Patterns for Differentiat-      Enforcement Power: A Theory     Carbon Market on Firm
 Industries                                                         ed Products: Demand for         and Evidence from China         Productivity: Evidences from
                                   Jonas von Wangenheim;
                                                                    Environmental Friendly Cars                                     Italian Manufacturing Firms
 Diana Tsai;                       Humboldt University Berlin                                       Mariko Watanabe;
                                                                    in Norway
 National Chiao Tung University                                                                     Gakushuin University            Giulia Pavan;
                                                                    Bjørn Gjerde Johansen;                                          Toulouse School of
                                                                    University of Oslo                                              Economics

 SESSION 15                        SESSION 16                       SESSION 17                      SESSION 18
 Electricity Markets               Industry Trends in Mark-         Finance and IO I                Collusion: Vertically
                                   Up and Concentration                                             Related Markets
 Room 118                          Room 011                         Room 021                        Room 013
 Jean-Christophe Poudou            Sara Calligaris                  Hannes Maxin                    Zhiyong Yao
 University of Montpellier         OECD                             Leibniz University of Hanover   Fudan University,
                                                                                                    School of Management
 Contributed                       Contributed                      Contributed                     Contributed
 Intertemporal Substitution        Waiting for Godot: The Failure   Competition in the Venture      Passive Backward
 in Electricity Consumption:       of SMEs in the Italian           Capital Market and the          Ownerships and Retail
 Evidence from a Dynamic           Manufacturing Industry to        Success of Startup              Collusion
 Pricing                           Grow                             Companies: Theory and
                                                                                                    Tim Thomes;
 Experiment for Residential                                         Evidence
                                   Eleonora Bartoloni;                                              Heinrich-Heine University
 Customers in Japan
                                   Italian National Institute of    Konstantinos Serfes;            Düsseldorf, DICE
 Daiya Isogawa;                    Statistics                       Drexel University
 University of Tokyo
 Electricity Product Choice with   What Has Been Happening to       Start-up Subsidies and          An Empirical Study of
 Heterogeneous Environmen-         Aggregate Concentration in       Innovation in New High-tech     Upstream Collusion in
 tal Preferences and Consum-       the U.S. Economy in the 21st     Ventures: Does the Policy       Vertically Related Industries
 er Inattention                    Century?                         Instrument Matter?
                                                                                                    Masato Nishiwaki;
 Fabian Feger;                     Lawrence White;                  Hanna Hottenrott;               Osaka University
 University of Bern                New York University, Stern       Technical University of
                                   School of Business               Munich

 Public Policies against Energy    Mark-ups in the Digital Era      The Corporate Venture           When Is Upstream Collusion
 Poverty in Deregulated                                             Capital Exit Decision           Profitable
                                   Sara Calligaris;
 Markets
                                   OECD                             Hannes Maxin;                   Zhiyong Yao;
 Jean-Christophe Poudou;                                            Leibniz University of Hanover   Fudan University,
 University of Montpellier                                                                          School of Management

Athens 2018                                                                                                                                                   11
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS II / Friday 31 August 2018 / 16:45-18:15
                   SESSION 19                          SESSION 20                         SESSION 21                        SESSION 22
 SESSION           Dynamic Oligopoly                   Rising Stars: Platforms            Bargaining in Vertical            Consumer Privacy
                                                                                          Relationships                     in Online Markets
 LOCATION          Choremi Auditorium                  Room 114                           Room 012                          Room 001
                   Hugo Hopenhayn                      Lois Simanjuntak                   Clemence Christin                 Vincent Lefrere
 CHAIR             University of California,           University of Manchester           University of Caen                Université Paris Saclay
                   Los Angeles

 TYPE              Invited                             Rising Star                        Contributed                       Contributed
                   Global Transport Markets:           Digital Platforms:                 The Impact of “One Stop           Consumer Privacy and the
                   Impact on Trade and Efficiency      Does Promoting Competitors         Shopping” - Induced Purchasing    Incentives to Price-discriminate in
                                                       Promote Competition?               Complementarities in Structural   Online Markets
                   Myrto Kalouptsidi;
                                                                                          Econometric Models of Retails
 16:45             Harvard University                  Xavier Lambin;                                                       Rodrigo Montes Moreno;
                                                                                          Competition
                                                       Toulouse School of Economics                                         Compass Lexecon
                                                                                          Gordon Klein;
                                                       Discussant: Mark Armstrong;
                                                                                          University of Münster
                                                       University of Oxford

                                                       Multi-sided Platforms and          The Competition Effects           Competitive Personalized Pricing
                                                       Consumer Obfuscation               of Industry-wide RPM under
                                                                                                                            Chongwoo Choe;
                                                                                          Two-part Tariffs
                                                       José Ignacio Heresi;                                                 Monash University
                                                       Toulouse School of Economics       Helder Vasconcelos;
 17:15
                   How Efficient Is Dynamic                                               University of Porto and CEF.UP
                                                       Discussant: Jidong Zhou;
                   Competition? The Case of Price as   Yale University
                   Investment
                   Ulrich Doraszelski;
                   University of Pennsylvania          Organic Social Information with    Welfare Effects of Category       Economics of Free Mobile
                                                       Heterogeneous Buyers               Captaincy                         Applications: Personal Data
                                                       Lois Simanjuntak;                  Clemence Christin;                Vincent Lefrere;
                                                       University of Manchester           University of Caen                Université Paris Saclay
 17:45
                                                       Discussant: Winand Emons;
                                                       University of Bern

                   SESSION 28                          SESSION 29                         SESSION 30                        SESSION 31
 SESSION           Collusion: Empirics I               Innovation II                      Health Economics                  Price Regulation

 LOCATION          Room 011                            Room 013                           Room 120                          Room 118
                   Matthias Hunold                     Diana Terrazas-Santamaria          Wanda Mimra                       Ziv Bar-Nahum
 CHAIR             Heinrich-Heine University           El Colegio de Mexico               ETH Zurich                        Hebrew University of Jerusalem
                   Düsseldorf

 TYPE              Contributed                         Contributed                        Contributed                       Contributed
                   Market Structure and Cartel         Silent Financial Interests and     Competition between For-profit    Direct Welfare Analysis of Relative
                   Duration - Evidence from EU         Product Innovation in              and Nonprofit Healthcare          Price Regulation
                   Cartel Cases                        Asymmetric Markets                 Providers and Quality
                                                                                                                            John Vickers;
 16:45             Sandra Swoboda;                     Angel Lopez;                       Mihkel Tombak;                    All Souls College, Oxford
                   University of Münster               Universitat Autònoma de            University of Toronto
                                                       Barcelona

                   Excess Capacity and Effectiveness   Asset Specificity and Product      The Access Motive in Insurance    Mark-up Regulation in a Price
                   of Policy Interventions: Evidence   Market Competition                 Purchases and Medical Prices      Cap Setting
                   from the Cement Industry
                                                       Simone Boccaletti;                 Gilad Sorek;                      Eduardo Fiuza;
 17:15             Naoki Wakamori;                     University of Milano Bicocca       Auburn University                 IPEA
                   University of Tokyo

                   Competition, Collusion and          Investment under Uncertainty,      Health Services as Credence       On the Effectiveness of
                   Spatial Sales Patterns - Theory     First Mover Advantage and          Goods: A Field Experiment         Price-ceiling Regulations:
                   and Evidence                        Uncertain R&D                                                        The Case of Fluid-milk Market
                                                                                          Wanda Mimra;
                                                                                                                            in Israel
 17:45             Matthias Hunold;                    Diana Terrazas-Santamaria;         ETH Zurich
                   Heinrich-Heine University           El Colegio de Mexico                                                 Ziv Bar-Nahum;
                   Düsseldorf                                                                                               Hebrew University of Jerusalem

12                                                                                                                                                Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                                16:45-18:15 / Friday 31 August 2018 / PARALLEL SESSIONS II
 SESSION 23                      SESSION 24                     SESSION 25                        SESSION 26                       SESSION 27
 Trade and IO II                 Behavioral Firms:              Mechanism Design                  Sequential Search                Information
                                 Inattention                                                                                       Transmission II
 Room 115                        Room 113                       Room 010                          Room 014                         Room 023
 Flavio Toxvaerd                 Jurre Thiel                    Pei Cheng Yu                      Alexei Parakhonyak               Maria Rosa Battaggion
 University of Cambridge         Vrije Universiteit Amsterdam   University of New South Wales     University of Oxford             University of Bergamo

 Contributed                     Contributed                    Contributed                       Contributed                      Contributed
 The Performance of Exporting    When Does Information          Government Financing of           Multiproduct Firms,              What Makes an Opinion
 Firms under Import              Determine Market Size?         R&D: A Mechanism Design           Consumer Search,                 Leader: Expertise versus
 Protection                      Search and Rational            Approach                          and Demand Heterogeneity         Popularity
                                 Inattention
 Andrea Ciani;                                                  Zvika Neeman;                     Yuta Kittaka;                    Theodoros Rapanos;
 Heinrich-Heine University       Costas Cavounidis;             Tel Aviv University               Osaka University                 Södertörn University
 Düsseldorf, DICE                University of Warwick

 Multinationals and Domestic     Full-cost Pricing              Persuading to Participate:        Price Dispersion, Active         Information Aggregation
 TFP: Market Shares, Agglom-                                    Mechanism Design with             Search, and the Diamond          and Countervailing Biases in
                                 Laurent Linnemer;
 erations Gains and Competi-                                    Informational Punishment          Paradox                          Organizations
                                 CREST
 tion Effects
                                                                Johannes Schneider;               Martin Obradovits;               Saori Chiba;
 Ioannis Bournakis;                                             Universidad Carlos III de         University of Innsbruck          Kyoto University
 Middlesex University                                           Madrid

 Regulatory Competition          History-based Price            Pay What Your Dad Paid:           Repeat Consumer Search           Endogenous Interlocking
                                 Discrimination and Welfare:    Commitment and Price                                               Directors
 Flavio Toxvaerd;                                                                                 Alexei Parakhonyak;
                                 Evidence from the Dutch        Rigidity in the Market for Life
 University of Cambridge                                                                          University of Oxford             Maria Rosa Battaggion;
                                 Mortgage Market                Insurance
                                                                                                                                   University of Bergamo
                                 Jurre Thiel;                   Pei Cheng Yu;
                                 Vrije Universiteit Amsterdam   University of New South
                                                                Wales

 SESSION 32                      SESSION 33                     SESSION 34                        SESSION 35                       SESSION 36
 Contract Design                 Contests                       Patents                           Finance and IO II                Advances in Demand
                                                                                                                                   Estimation
 Room 002                        Room 007                       Room 117                          Room 021                         Room 008
 XiaoGang Che                    Jakub Tecza                    Moritz Suppliet                   Zhengqing Gui                    Michelle Sovinsky
 Durham University Business      University of Arizona          Tilburg University                Hong Kong University of          University of Mannheim
 School                                                                                           Science and Technology
 Contributed                     Contributed                    Contributed                       Contributed                      Contributed
 Flexible Contracts to Cope      Winner-take-all Tournaments    Knowledge Diffusion through       Investor Attention and           Identification and Estimation
 with Uncertainty and                                           the Patent System: Evidence       Technology Salience:             of Differentiated Products
                                 Mikhail Drugov;
 Asymmetry of Information in                                    from the Invention Secrecy        Do Personal Data Related         Models Using Market Size and
                                 New Economic School,
 Public-private-partnerships                                    Act                               Innovation Boost Firm Value?     Cost Data
                                 Moscow
 Marco Buso;                                                    Gabriele Pellegrino;              Heli Koski;                      Susumu Imai;
 University of Padova                                           École Polytechnique Fédérale      Aalto University                 Hokkaido University
                                                                de Lausanne
 Advice Is Cheap: Information    Sequential Round-Robin         Patent Pools and Litigation       What If I Knew You Did It?       Firm Scope and the Value of
 Is Not!                         Tournaments with Multiple                                        An Analysis of Preliminary       One-stop Shopping in
                                                                Moritz Suppliet;
                                 Prizes                                                           Ratings’ Disclosure under        Washington State's
 Samuel Häfner;                                                 Tilburg University
                                                                                                  Competition                      Deregulated Liquor Market
 University of Basel             Marco Sahm;
                                 University of Bamberg                                            Marta Allegra Ronchetti;         Boyoung Seo;
                                                                                                  Università Cattolica del Sacro   Indiana University
                                                                                                  Cuore

 Supervisory Efficiency,         The Road Not Taken: Contest                                      Financial Fraud and Investor     Internet (Power) to the
 Collusion, and Contract         Selection and the Effect of                                      Awareness                        People: The Impact of
 Design                          Expected Competition                                                                              Demand-side Subsidies in
                                                                                                  Zhengqing Gui;
                                                                                                                                   Colombia
 XiaoGang Che;                   Jakub Tecza;                                                     Hong Kong University of
 Durham University Business      University of Arizona                                            Science and Technology"          Michelle Sovinsky;
 School                                                                                                                            University of Mannheim

Athens 2018                                                                                                                                                   13
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS III / Saturday 1 September 2018 / 9:30-11:00
                   SESSION 37                         SESSION 38                          SESSION 39                          SESSION 40
 SESSION           Roundtable with the IO             Rising Stars: Finance               Vertical Integration I              Price Parity Clauses
                   Journal Editors                                                                                            in Platform Markets
 LOCATION          Choremi Auditorium                 Room 114                            Room 010                            Room 021
                   Lawrence White                     Alessio Piccolo                     Takanori Adachi                     Sean Ennis
 CHAIR             New York University,               University of Oxford                Nagoya University                   OECD
                   Stern School of Business

 TYPE              Invited                            Rising Star                         Contributed                         Contributed
                   Ramon Casadesus-Masanell           Connecting Disconnected             Equity Ownership in Vertical        The Dynamics of Online Hotel
                   (JEMS);                            Markets? An Irrelevance Result      Relations                           Prices and the EU Booking.com
                   Alessandro Gavazza                                                                                         Case
                                                      Milena Wittwer;                     Nadav Levy;
                   (JIE);
                                                      Stanford University                 Interdisciplinary Center Herzliya   Carlo Reggiani;
 09:30             Kathleen Mullen
                                                                                          (IDC)                               University of Manchester
                   (RJE);                             Discussant: Toomas Hinnosaar;
                   Armin Schmutzler                   Collegio Carlo Alberto
                   (IJIO);
                   Larry White
                   (RIO)                              Collateral and Asymmetric           Upstream Mergers and                Steering by Information
                                                      Information in Lending Markets      Downstream Timing                   Intermediaries
                                                                                          of Technology Adoption
                                                      Yushi Peng;                                                             Tat How Teh;
                                                      University of Zurich                Alexis Larousse;                    National University of Singapore
 10:00
                                                                                          CREST - Ecole polytechnique
                                                      Discussant: Chiara Fumagalli;
                                                      Bocconi University

                                                      Credit Ratings and Competition      The Welfare Effects of Incom-       Price-parity-clauses on Hotel
                                                                                          plete Vertical Integration and      Room Booking: Empirical
                                                      Alessio Piccolo;
                                                                                          Relaxed Price Competition in        Evidence from Industry Data
                                                      University of Oxford
                                                                                          Common-distributor Channels:
 10:30                                                                                                                        Sean Ennis;
                                                      Discussant: Volker Nocke;           An Empirical Analysis of the U.S.
                                                                                                                              OECD
                                                      University of California,           Carbonated Soft Drink Industry
                                                      Los Angeles
                                                                                          Takanori Adachi;
                                                                                          Nagoya University

                   SESSION 46                         SESSION 47                          SESSION 48                          SESSION 49
 SESSION           Consumer Behavior I                Hospital Competition                Collusion: The Role of the          Environmental
                                                                                          Firms’ Objective Function           Economics I
 LOCATION          Room 117                           Room 120                            Room 118                            Room 013
                   Marit Hinnosaar                    Keaton Miller                       Mariana Cunha                       Joanna Poyago-Theotoky
                   Collegio Carlo Alberto             University of Oregon                Católica Porto Business School      La Trobe University
 CHAIR                                                                                    and CEGE, Universidade Católica
                                                                                          Portuguesa

 TYPE              Contributed                        Contributed                         Contributed                         Contributed
                   More Is Better, or Not?            Hospital Competition in the         Welfare-improving Mixed             Incentives to Invest, Storable
                   An Empirical Analysis of Buyer     Netherlands - An Empirical          Collusion                           Permits, and Transaction Costs
                   Preferences for Variety on the     Investigation                                                           in Market-based Environmental
 09:30                                                                                    Filipa Mota;
                   E-Market                                                                                                   Regulation
                                                      Rob van der Noll;                   CEF.UP
                   Senay Sokullu;                     Authority for Consumers and                                             Yuta Toyama;
                   University of Bristol              Markets                                                                 Northwestern University

                   Why Less Can Be More: Choice       A Structural Model of Hospital      Can Collusion Promote               Taxation, Tax Incentives or Public
                   Overload in a Sequential           Competition                         Sustainable Consumption and         Financing. How to Successfully
                   Screening Model                                                        Production? Not Beneficially        Incentivize Firms' Green
                                                      Lionel Wilner;
                                                                                          Beyond Duopoly                      Behavior?
 10:00             Nima Jouchaghani;                  INSEE-CREST
                   University of Duisburg-Essen                                           Leonard Treuren;                    Kinga Tchorzewska;
                                                                                          University of Amsterdam             University of Barcelona

                   How Long Do Healthy Habits                                             Coordination Effects of Corporate   Green Innovation under
                   Last? The Role of Prices                                               Social Responsibility               Uncertainty - Cooperation and
                                                                                                                              Information Sharing
                   Marit Hinnosaar;                                                       Mariana Cunha;
 10:30             Collegio Carlo Alberto                                                 Católica Porto Business School      Joanna Poyago-Theotoky;
                                                                                          and CEGE, Universidade Católica     La Trobe University
                                                                                          Portuguesa

14                                                                                                                                                  Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                        9:30-11:00 / Saturday 1 September 2018 / PARALLEL SESSIONS III
 SESSION 41                        SESSION 42                        SESSION 43                       SESSION 44                      SESSION 45
 Collusion: Theory                 Content Recommenda-               Entry                            Credit Access and Firm          Trade and IO III
                                   tion in Online Markets                                             Growth
 Room 008                          Room 001                          Room 014                         Room 002                        Room 115
 Yasuhiro Shirata                  Fabrizio Germano                  Emil Palikot                     Marek Giebel                    Cong Pan
 Otaru University of Commerce      Universitat Pompeu Fabra          Toulouse School of Economics     Technical University of         Nagoya University of
                                                                                                      Dortmund                        Commerce and Business
 Contributed                       Contributed                       Contributed                      Contributed                     Contributed
 Big Data, Price Discrimination,   Streaming Platform and            Predatory Capacity               Heterogeneity and Firms'        Serving Abroad: Export, M&A,
 and Collusion                     Strategic Recommendation          Responses to Entry: Evidence     Access to Credit Expectations   and Greenfield Investment
                                   Bias                              from the U.S. Airline Industry
 Alexander Rasch;                                                                                     Gianluca Antonecchia;           Ekaterina Kazakova;
 Heinrich-Heine University         Marc Bourreau;                    Yannis Kerkemezos;               Erasmus School of Economics     University of Mannheim
 Düsseldorf, DICE                  Télécom ParisTech                 Erasmus University
                                                                     Rotterdam

 Endogenous Cartel Formation       Quality Provision in a Search     Does Reputation Hinder           Breaking the Shackles:          Migration and the Location
 with Differentiated Products      Engine Environment                Entry? Study of Statistical      Zombie Firms, Weak Banks        Choices of FDI. Evidence from
 and Price Competition                                               Discrimination on a Platform     and Depressed Restructuring     Italian Provinces
                                   Georgios Petropoulos;
                                                                                                      in Europe
 Tyra Merker;                      Massachusetts Institute of        Emil Palikot;                                                    Anna D'Ambrosio;
 University of Oslo                Technology and Bruegel            Toulouse School of Economics     Filippos Petroulakis;           Politecnico di Torino
                                                                                                      European Central Bank

 Evolution of a Collusive Price    Opinion Dynamics via Search                                        Bank Credit Supply and Firm     Multichannel Distribution
 in a Networked Market             Engines (and Other                                                 Innovation                      under International Oligopoly
                                   Algorithmic Gatekeepers)
 Yasuhiro Shirata;                                                                                    Marek Giebel;                   Cong Pan;
 Otaru University of Commerce      Fabrizio Germano;                                                  Technical University of         Nagoya University of
                                   Universitat Pompeu Fabra                                           Dortmund                        Commerce and Business

 SESSION 50                        SESSION 51                        SESSION 52                       SESSION 53                      SESSION 54
 Captive Consumers                 Innovation: Knowledge             Licensing                        Mergers I                       Procurement
                                   Creation
 Room 007                          Room 011                          Room 113                         Room 023                        Room 012
 Johannes Johnen                   Tao Wang                          Benjamin Anderson                Colin von Negenborn             Jozsef Sakovics
 Université catholique de          University College London         Colgate University               Humboldt University Berlin      University of Edinburgh
 Louvain, CORE                     and Harvard University

 Contributed                       Contributed                       Contributed                      Contributed                     Contributed
 Competition with Captive          Knowledge Creation and            Licensing and Early Mover        Market Power Absent Merger      Strategic Delegation
 Customers                         Diffusion with Limited            Advantage Post Patent            Review. Brewing in Peru         in Procurement
                                   Appropriation
 Mark Armstrong;                                                     Johannes Muthers;                Maria Delfino;                  Eduard Alonso-Pauli;
 University of Oxford              Hugo Hopenhayn;                   University of Linz, JKU          Universidad de Los Andes        Universitat de les Illes Balears
                                   University of California,
                                   Los Angeles

 Bait and Ditch: Consumer          A New Queen of Science?           Licensing with Patent            The Effects of Mergers on       Procurement with Bilateral
 Naiveté and Salesforce            Interdiciplinary Spillovers and   Competition                      Markups, Productivity, and      Commitment
 Incentives                        the Evolution of Specialisation                                    Innovation of Rivals
                                                                     Chiu Yu Ko;                                                      Roberto Burguet;
                                   in High Performing
 Antonio Rosato;                                                     National University of           Florian Szuecs;                 CSIC
                                   Universities
 Cambridge Judge Business                                            Singapore                        Vienna University of
 School                            Russell Thomson;                                                   Economics and Business
                                   Swinburne University

 Dynamic Competition in            Learning and Innovating: An       Endogenous Market                The More the Merrier? On        Block Sourcing
 Deceptive Markets                 Exploration of Stage Learning     Structure and Innovation         the Optimality of Market Size
                                                                                                                                      Jozsef Sakovics;
                                   from Drug Development             under Licensing                  Restrictions
 Johannes Johnen;                                                                                                                     University of Edinburgh
 Université catholique de          Tao Wang;                         Benjamin Anderson;               Colin von Negenborn;
 Louvain, CORE                     University College London         Colgate University               Humboldt University Berlin
                                   and Harvard University

Athens 2018                                                                                                                                                        15
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS IV / Saturday 1 September 2018 / 11:30-13:00
                   SESSION 55                          SESSION 56                         SESSION 57                         SESSION 58
 SESSION           Consumer Mistakes                   Rising Stars: Applied IO           Secret Contracting in         Collusion: Empirics II
                   and Market Data                     and Antitrust                      Vertically Related Industries
 LOCATION          Choremi Auditorium                  Room 114                           Room 008                           Room 007
                   Paul Heidhues                       Jan Schäfer                        Marco Pagnozzi                     Iwan Bos
 CHAIR             Heinrich-Heine University           Justus-Liebig-University Giessen   University of Naples Federico II   Maastricht University
                   Düsseldorf

 TYPE              Invited                             Rising Star                        Contributed                        Contributed
                   Sending out an SMS: The Impact      Vertical Financial Interest and    The Effect of Intermediate Price   An Experiment on Partial
                   of Automatically Enrolling          Control                            Discrimination on Retail Prices:   Cross-ownership in Oligopolistic
                   Consumers into Overdraft Alerts                                        Theory and Evidence from France    Markets
                                                       Frank Schlütter;
                   Michael Grubb;                      Heinrich-Heine University          Claire Chambolle;                  Johannes Odenkirchen;
 11:30             Boston College                      Düsseldorf                         INRA & CREST                       Heinrich-Heine University
                                                                                                                             Düsseldorf
                                                       Discussant: Patrick Rey;
                                                       Toulouse School of Economics

                                                       Price Dynamics of Swedish          Disclosure Regime and              Unprofitable Cartels
                                                       Pharmaceuticals                    Bargaining in Vertical Markets
                                                                                                                             George Symeonidis;
                                                       Aljoscha Janssen;                  Panagiotis Skartados;              University of Essex
 12:00                                                 Stockholm School of Economics      University of Crete
                   What Do Consumers Consider
                   before They Choose?                 Discussant: Michelle Sovinsky;
                   Identification from Asymmetric      University of Mannheim
                   Demand Responses
                   Jason Abaluck;                      Brand Proliferation and Entry      Endogenous Retail Network          Industry Impact of Cartels:
                   Yale University                     Deterrence: Empirical Evidence                                        Evidence from the Stock Market
                                                                                          Marco Pagnozzi;
                                                       from the German Interurban Bus
                                                                                          University of Naples Federico II   Iwan Bos;
                                                       Industry
                                                                                                                             Maastricht University
 12:30                                                 Jan Schäfer;
                                                       Justus-Liebig-University Giessen
                                                       Discussant: Marc Ivaldi;
                                                       Toulouse School of Economics

                   SESSION 64                          SESSION 65                         SESSION 66                         SESSION 67
 SESSION           Incomplete and Relational           Net Neutrality and                 Estimating Dynamic                 Oligopoly Theory
                   Contracts                           Zero-Rating                        Competition Models
 LOCATION          Room 113                            Room 011                           Room 001                           Room 117
                   Akifumi Ishihara                    Steffen Hoernig                    Claudio Piga                       Ramon Caminal
 CHAIR             National Graduate Institute         Universidade NOVA de Lisboa        Keele University                   Institute Of Economic Analysis,
                   for Policy Studies                                                                                        CSIC

 TYPE              Contributed                         Contributed                        Contributed                        Contributed
                   Courts' Decisions, Cooperative      Bit-by-bit towards Unlimited:      Aggregation Methods for            Price-match Guarantees
                   Investments, and Incomplete         An Analysis of Zero Rating and     Markovian Games: An Application    in Duopoly Competition
                   Contracts                           Sponsored Data Practices of        to the Hotel Industry
                                                                                                                             Mishal Ahmed;
 11:30             Alessandro De Chiara;
                                                       Internet Service Providers
                                                                                          Carlos Santos;                     Georgia Institute of Technology
                   Central European University         Daniel Schnurr;                    Nova School of Business and
                                                       University of Passau               Economics

                   Relational Contracting,             Prioritization vs Zero-rating:     A Two-stage Model of Airline       Oligopoly Game: Price Makers
                   Negotiation and External            Discrimination on the Internet     Competition                        Meet Price Takers
                   Enforcement
                                                       Axel Gautier;                      Kevin Remmy;                       Dávid Kopányi;
                   Trond Olsen;                        University of Liege,               Toulouse School of Economics       University of Amsterdam
 12:00
                   Norwegian School of Economics       HEC Management School

                   Managing Information and            Zero-rating, Network Effects,      Uniform, Dynamic and               The Dynamic Provision of Product
                   Incentives for Choice and           and Capacity Investments           Discriminatory Pricing             Diversity under Duopoly
                   Execution in Relational Contracts
                                                       Steffen Hoernig;                   Claudio Piga;                      Ramon Caminal;
 12:30             Akifumi Ishihara;                   Universidade NOVA de Lisboa        Keele University                   Institute Of Economic Analysis,
                   National Graduate Institute for                                                                           CSIC
                   Policy Studies

16                                                                                                                                                   Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                   11:30-13:00 / Saturday 1 September 2018 / PARALLEL SESSIONS IV
 SESSION 59                      SESSION 60                       SESSION 61                      SESSION 62                      SESSION 63
 Telecom: Entry                  Trade and IO IV                  Search: Empirics                Auctions: Empirics              Education and Matching

 Room 021                        Room 115                         Room 013                        Room 012                        Room 118
 Simon Georges-Kot               Vasiliy Goncharenko              Alessandro Gavazza              Sebastian Schwenen              Yun Pu
 INSEE and Paris School of       National Research University     London School of Economics      Technical University of         Ohio State University
 Economics                       Higher School of Economics,                                      Munich
                                 Moscow
 Contributed                     Contributed                      Contributed                     Contributed                     Contributed
 Does Data Portability           Shipping the Good Apples         Market Liberalization:          Dealer Networks in the World    Same Sex Marriage, the Great
 Facilitate Entry?               under Strategic Competition      Price Dispersion, Price         of Art                          Equalizer
                                                                  Discrimination and Consumer
 Wing Man Wynne Lam;             Anthony Creane;                                                  Georgia Kosmopoulou;            Sergey Popov;
                                                                  Search in German Electricity
 University of East Anglia       University of Kentucky                                           University of Oklahoma          Cardiff University
                                                                  Markets
                                                                  Klaus Gugler;
                                                                  Vienna University
                                                                  of Economics and Business
 Market Entry and Fighting       The Structure of Multinational   Search and Equilibrium          Bidder Asymmetries in           How Does Graduate
 Brands: The Case of the         Sales under Demand Risk          Prices: Theory and Evidence     Procurement Auctions:           Education Affect Inventive
 French Mobile Telecommuni-                                       from Retail Diesel              Efficiency vs. Information      Performance? Evidence from
                                 Francesco Conteduca;
 cations Market                                                                                                                   Undergraduates’ Choices
                                 University of Mannheim           Luis Cabral;                    Christoph Wolf;
                                                                                                                                  during Recessions
 Yutec Sun;                                                       New York University, Stern      Bocconi University
 KU Leuven                                                        School of Business                                              Sadao Nagaoka;
                                                                                                                                  Tokyo Keizai University
 Entry and Strategic Reactions   Monopolistic Competition         Regulatory Intervention in      Statistical Learning in         College Admission in Three
 in a Deregulated Industry:      under Additive Separable         Consumer Search Markets:        Demand Estimation:              Chinese Provinces: Boston
 Evidence from French            Utilities and Demand             The Case of Credit Cards        An Application to Multi-unit    Mechanism vs. Deferred
 Broadband Internet              Uncertainty                                                      Auction Markets                 Acceptance Mechanism
                                                                  Alessandro Gavazza;
 Simon Georges-Kot;              Vasiliy Goncharenko;             London School of Economics      Sebastian Schwenen;             Yun Pu;
 INSEE and Paris School of       National Research University                                     Technical University of         Ohio State University
 Economics                       Higher School of Economics,                                      Munich
                                 Moscow

 SESSION 68                      SESSION 69                       SESSION 70                      SESSION 71                      SESSION 72
 Innovation in Oligopoly         Economic Crisis and              The IO of Online                Experimental IO                 Finance and IO III
                                 Firm Performance                 Markets I
 Room 010                        Room 120                         Room 023                        Room 002                        Room 014
 Gaston Llanes                   Apoorva Gupta                    Matthew Backus                  Aurora Garcia-Gallego           Milena Wittwer
 Catholic University of Chile    University of Nottingham         Columbia University             Universitat Jaume I             Stanford University

 Contributed                     Contributed                      Contributed                     Contributed                     Contributed
 Asymmetric Competition,         New Firm Survival during the     Competition and Negotiation     Signalling in Auctions:         Learning by Trading:
 Brand Loyalty and Product       Great Recession: Productivity    in Online Labour Markets:       Experimental Evidence           The Case of the U.S. Market
 Innovation                      vs. Financial State              Empirical Evidence from Bid                                     for Municipal Bonds
                                                                                                  Olivier Bos;
                                                                  and Project Level Data
 Christian Oertel;               Marcel Voia;                                                     Université Paris II             Giulia Brancaccio;
 University of Zurich            Carleton University              Estrella Gomez;                 Panthéon-Assas                  Princeton University
                                                                  European Commission, IPTS

 Verifying High Quality:         A Half-century of Stagnation:    Sequential Bargaining in the    Secret Contracts and Risk       Winner’s Curse in Bond
 Entry for Sale                  Labour Productivity              Field: Evidence from Millions   Aversion: Experimental          Markets
                                 in Ontario's Gold Mining         of Online Bargaining            Evidence
 Lars Persson;                                                                                                                    Dakshina De Silva;
                                 Industry                         Interactions
 Research Institute                                                                               Nicolas Pasquier;               Lancaster University
 of Industrial Economics         Robert Petrunia;                 Matthew Backus;                 Grenoble-Alpes University
                                 Lakehead Universtiy              Columbia University

 Competitive Strategy for        R&D and Firm Growth during                                       Catalog Competition:            Identifying Dependencies in
 Open and User Innovation        Bad times                                                        Equilibrium Characterization    the Demand for Government
                                                                                                  and Experimental Evidence       Securities
 Gaston Llanes;                  Apoorva Gupta;
 Catholic University of Chile    University of Nottingham                                         Aurora Garcia-Gallego;          Milena Wittwer;
                                                                                                  Universitat Jaume I             Stanford University

Athens 2018                                                                                                                                                    17
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS V / Saturday 1 September 2018 / 14:30-16:00
                   SESSION 73                          SESSION 74                         SESSION 75                          SESSION 76
 SESSION           Procurement and                     Vertical Integration II            Information Flow in                 Reputation
                   Antitrust                                                              Organizations
 LOCATION          Choremi Auditorium                  Room 114                           Room 117                            Room 011
                   Reiko Aoki                          Marco Castellani                   Pedro Ortín                         Christoph Weiss
                   Japan Fair Trade Commission         University of Udine                Universitat Autònoma                Vienna University of Economics
 CHAIR
                                                                                          de Barcelona                        and Business

 TYPE              Invited                             Contributed                        Contributed                         Contributed
                   Merger Review for Markets           Regulatory Risk, Vertical          Optimality of Straight Talk:        The Incentive Properties
                   with Buyer Power                    Integration, and Upstream          Feedback and Human Capital          of Collective Reputation
                                                       Investment                         Acquisition
                   Leslie Marx;                                                                                               Pierre Fleckinger;
 14:30             Duke University                     Dongyu Guo;                        Kimiyuki Morita;                    MINES ParisTech and Paris School
                                                       University of Duisburg-Essen       Osaka University of Economics       of Economics

                                                       Vertical Integration with          Organizational Structures           Dealing with Uncertainty:
                                                       Upstream Production Capacity       and Manipulable Aggregate           Seller Reputation in the Online
                                                       Constraint                         Information                         Market for Illegal Drugs

 15:00                                                 Ioannis Pinopoulos;                Dongsoo Shin;                       Nicolas Eschenbaum;
                                                       University of Macedonia            Santa Clara University              University of St. Gallen
                   Procurement with Unforeseen
                   Contingencies
                   Fabian Herweg;
                   University of Bayreuth
                                                       Vertical Integration and Social    Firm-provided Training, Selection   Experts, Reputation and the Price
                                                       Capital: Evidence from European    and Education                       of Wine
                                                       Countries
                                                                                          Pedro Ortín;                        Christoph Weiss;
 15:30                                                 Marco Castellani;                  Universitat Autònoma                Vienna University of Economics
                                                       University of Udine                de Barcelona                        and Business

                   SESSION 82                          SESSION 83                         SESSION 84                          SESSION 85
 SESSION           Consumer Search                     Collusive Pricing                  Division of Profits                 Excessive Entry
                   and Pricing                                                            and Performance
 LOCATION          Room 001                            Room 120                           Room 010                            Room 007
                   Sandro Shelegia                     Marco Marini                       Jan Philip Schain                   Ruochen Li
 CHAIR             Universitat Pompeu Fabra            University of Rome                 Heinrich-Heine University           Loughborough University
                   and Barcelona GSE                                                      Düsseldorf, DICE

 TYPE              Contributed                         Contributed                        Contributed                         Contributed
                   Strategic Inattention in Product    Price Staggering in Cartels        Servitisation and Performance       Welfare-reducing Entry in a
                   Search                                                                 of Belgian Manufacturing Firms:     Differentiated Cournot Oligopoly
                                                       Lan Nguyen;
                                                                                          Is There a Paradox?                 without Costs
                   Adrian Hillenbrand;                 Columbia University
 14:30             Max Planck Institute for Research                                      Catherine Fuss;                     Shohei Yoshida;
                   on Collective Goods, Bonn                                              National Bank of Belgium            University of Tokyo

                   Informational Cycles in Search      Screening for Collusion            Strategic Profit-sharing in a       Cost Uncertainty and the Welfare
                   Markets                             - Using the Shape of Prices        Unionized Differentiated Goods      Effects of Market Power
                                                                                          Duopoly
                   Eeva Mauring;                       Armando Jose Garcia Pires;                                             Marco de Pinto;
 15:00             University of Vienna                Norwegian School of Economics      Emmanuel Petrakis;                  University of Trier, IAAEU
                                                                                          University of Crete

                   Upstream and Downstream             Price Collusion under Quality      Productivity and Foreign            Consumer Stockpiling
                   Competition in a Search Market      Differentiation                    Institutional Ownership             and Market Entry
                   Sandro Shelegia;                    Marco Marini;                      Jan Philip Schain;                  Ruochen Li;
 15:30             Universitat Pompeu Fabra and        University of Rome                 Heinrich-Heine University           Loughborough University
                   Barcelona GSE                                                          Düsseldorf, DICE

18                                                                                                                                                   Athens 2018
45th Annual Conference of the European Association for Research in Industrial Economics

                      14:30-16:00 / Saturday 1 September 2018 / PARALLEL SESSIONS V
 SESSION 77                       SESSION 78                        SESSION 79                      SESSION 80                         SESSION 81
 Trade and IO V                   Impact of Intellectual            Gasoline Markets                Behavioral IO                      Dynamic Pricing I
                                  Property Rights
 Room 115                         Room 023                          Room 021                        Room 008                           Room 012
 Shamil Sharapudinov              Kyogo Kanazawa                    Xulia Gonzalez                  Florian Peiseler                   Keiichi Kawai
 National Research University     University of Tokyo               Universidad de Vigo             Heinrich-Heine University          University of New South
 Higher School of Economics,                                                                        Düsseldorf, DICE                   Wales
 Moscow
 Contributed                      Contributed                       Contributed                     Contributed                        Contributed
 A Simple Model of Brexit         Do You Want to Steal My           What Prompts Consumers to       Vertical Probabilistic Selling     Upgrading Heterogeneous
 under Oligopoly                  Songs? The Importance of          Search? Evidence from Retail    under Competition: The Role        Consumers
                                  Diffusion in the Music            Gasoline Markets                of Consumer Anticipated
 David Collie;                                                                                                                         Chiu Yu Ko;
                                  Industry                                                          Regret
 Cardiff University                                                 Jia Sheen Nah;                                                     National University
                                  Maria Martin;                     University of Melbourne         Dongyuan Zhan;                     of Singapore
                                  Nagoya University                                                 University College London

 Transfer Pricing and the         Intellectual Property Rights,     Learning Collusion:             Consumer Resistance                Simultaneous Search for
 Arm's Length Principle under     Multinational Firms and           Theory and Evidence from                                           Differentiated Products
                                                                                                    Stefan Buehler;
 Imperfect Competition            Technology Transfers              the Shell Price Matching
                                                                                                    University of St. Gallen           Jose Luis Moraga Gonzalez;
                                                                    Guarantee
 Jota Ishikawa;                   Sara Biancini;                                                                                       Vrije Universiteit Amsterdam
 Hitotsubashi University          University of Caen                Dominik Schober;
                                                                    University of Mannheim and
                                                                    ZEW Mannheim

 Globalization, Multidimen-       Crowding-out Effects of           Effects of Antitrust            Motivated Beliefs and Socially     Robust Pricing with Refunds
 sional Sorting, and Inequality   Public Libraries and the Public   Prosecution on Retail Fuel      Responsible Consumption
                                                                                                                                       Keiichi Kawai;
 in a Heterogeneous World         Lending Right                     Prices
                                                                                                    Florian Peiseler;                  University of New South
 Shamil Sharapudinov;             Kyogo Kanazawa;                   Xulia Gonzalez;                 Heinrich-Heine University          Wales
 National Research University     University of Tokyo               Universidad de Vigo             Düsseldorf, DICE
 Higher School of Economics,
 Moscow

 SESSION 86                       SESSION 87                        SESSION 88                      SESSION 89                         SESSION 90
 Platform Economics               Ownership and                     Energy Economics                Firm Objectives Beyond Finance and IO IV
 and Collusion                    Innovation                                                        Profit-Maximization
 Room 118                         Room 113                          Room 013                        Room 014                           Room 002
 Yusuke Zennyo                    Shiva Shekhar                     Claudio Lucinda                 Aleix Calveras                     Bo Pan
 Kobe University                  Heinrich-Heine University         University of Sao Paulo         Universitat de les Illes Balears   University of Sheffield
                                  Düsseldorf, DICE
 Contributed                      Contributed                       Contributed                     Contributed                        Contributed
 Reward Disclosure Policy         From Central Planning toward      Reforming the Electricity       Envy in Mission-oriented           The Impact of Corporate
 and Incentives in Innovation     a Market Economy:                 Industry: Vertical Structure    Organizations                      Governance on the Firms'
 Contests                         The Role of Ownership and         and the Risk of Rent                                               Risk-taking and Growth
                                                                                                    Francesca Barigozzi;
 - An Empirical Analysis of Bug   Competition in Vietnamese         Extraction
                                                                                                    University of Bologna              Daniela Baluțel;
 Bounty Programs                  Firms’ Productivity
                                                                    Anette Boom;                                                       Alexandru Ioan Cuza
 Arrah-Marie Jo;                  Enrico Zaninotto;                 Copenhagen Business School                                         University of Iași
 Télécom ParisTech                University of Trento

 Sweet Lemons: On Collusion       Corporate Governance and          Investment under Uncertainty    The Competitive Conduct            Efficiency Effects of
 in Hierarchical Agency           Innovation Success                in Electricity Generation       of Consumer Cooperatives           Independent Boards:
                                                                                                                                       Evidence from China
 Colin von Negenborn;             Tim Grünebaum;                    Mario Liebensteiner;            Camilla Roncoroni;
 Humboldt University Berlin       University of Dortmund            University of Kaiserslautern    University of Warwick              Tianyu Zhang;
                                                                                                                                       Heinrich-Heine University
                                                                                                                                       Düsseldorf

 Platform Most-favored            Supply Chain Innovation and       Should Energy Labels Be         Corporate Social                   Chinese Firms’ Innovation
 -customer Clauses                Partial Backward Ownership        Mandatory?                      Responsibility and Product         Hurdle: Competition and
 and Investment Incentives                                          Evidence from the Brazilian     Quality                            Finance
                                  Shiva Shekhar;
                                                                    Energy Label Program
 Yusuke Zennyo;                   Heinrich-Heine University                                         Aleix Calveras;                    Bo Pan;
 Kobe University                  Düsseldorf, DICE                  Claudio Lucinda;                Universitat de les Illes Balears   University of Sheffield
                                                                    University of Sao Paulo

Athens 2018                                                                                                                                                        19
45th Annual Conference of the European Association for Research in Industrial Economics

  PARALLEL SESSIONS VI / Sunday 2 September 2018 / 9:00-10:30
                   SESSION 92                           SESSION 93                          SESSION 94                         SESSION 95
 SESSION           Rising Stars: Search                 Intermediaton                       Designing Competition              Trade and IO VI

 LOCATION          Room 114                             Room 012                            Room 117                           Room 115
                   Daniel Savelle                       Jun Honda                           David Salant                       Angelos Theodorakopoulos
 CHAIR             University of Virginia               University of Innsbruck             Toulouse School of Economics       KU Leuven

 TYPE              Rising Star                          Contributed                         Contributed                        Contributed
                   Information Frictions on an          Measuring the Welfare               Organising Competition             Language as a Trade Barrier:
                   Online Services Market               of Intermediation in Vertical       for the Market                     Evidence from Georgian Public
                                                        Markets                                                                Procurement
                   Milena Petrova;                                                          Michael Waterson;
                   Toulouse School of Economics         Andre Trindade;                     University of Warwick              George Deltas;
 09:00
                                                        Getulio Vargas Foundation (FGV)                                        University of Illinois
                   Discussant: Nicolas Schutz;
                   University of Mannheim

                   Market Transparency                  Intermediary Commissions            Project Competition and            Intersectoral Linkages:
                   and Consumer Search - Evidence       in a Regulated Market with          Innovation Policy: The Case for    Good Shocks, Bad Outcomes?
                   from the Austrian Retail Gasoline    Heterogeneous Customers             Public Procurement
                                                                                                                               Sergey Kichko;
                   Market
                                                        Pilar Alcalde;                      Elisabetta Iossa;                  National Research University
 09:30             Simon Martin;                        Universidad de Los Andes            University of Rome Tor Vergata     Higher School of Economics,
                   University of Vienna                                                                                        Moscow
                   Discussant: David Genesove;
                   Hebrew University of Jerusalem

                   Discrete Choices With                Nonlinear Incentives and Advisor    Allocating Essential Inputs        Like Father Like Son: Technology
                   (and Without) Ordered Search         Bias                                                                   Transfers and Productivity Effects
                                                                                            David Salant;
                                                                                                                               from Firm Ownership
                   Daniel Savelle;                      Jun Honda;                          Toulouse School of Economics
 10:00             University of Virginia               University of Innsbruck                                                Angelos Theodorakopoulos;
                                                                                                                               KU Leuven
                   Discussant: Maarten Janssen;
                   University of Vienna

                   SESSION 101                          SESSION 102                         SESSION 103                        SESSION 104
 SESSION           Regulation and State Aid             Standard Setting                    R&D: Patents                       Learning and
                                                                                                                               Experimentation
 LOCATION          Room 008                             Room 002                            Room 118                           Room 014
                   Mattia Nardotto                      Clemens Fiedler                     Farasat Bokhari                    Thomas Peeters
 CHAIR             KU Leuven                            Tilburg University                  University of East Anglia          Erasmus University Rotterdam

 TYPE              Contributed                          Contributed                         Contributed                        Contributed
                   Differentiating Permit Allocations   Strategic Open Source Licensing     How Redeployable Are Patent        Launching a New Product:
                   across Areas                         and Software Market Entry           Assets? Evidence from Failed       The Welfare Effects of
                                                                                            Startups                           Commitment Power and Social
                   Jean-Philippe Nicolai;               Vidya Atal;
 09:00                                                                                                                         Learning
                   ETH Zurich                           Montclair State University,         Carlos Serrano;
                                                        Feliciano School of Business        Universitat Pompeu Fabra           Tuomas Laiho;
                                                                                                                               University of Oslo

                   Estimating Intensive and             Strategic Declaration of Standard   Entry and Patents: Evidence from   How to Pick a Winner:
                   Extensive Margin Responses           Essential Patents                   the US Cardiovascular Sector       Betting, Screening, or Learning?
                   Using Bunching with an
                                                        Reiko Aoki;                         Maria Letizia Giorgetti;           Fabio Michelucci;
                   Application to Subsidies for Solar
 09:30                                                  Japan Fair Trade Commission         University of Milan                CERGE-EI
                   Energy
                   Stefan Pollinger;
                   Toulouse School of Economics

                   A Retrospective Study of State       Standards and the Common            Entry Limiting Agreements:         The Inefficient Advantage
                   Aid Control in the German            Good: How Competition Fosters       Frst Mover Advantage,              of Experience in the Market
                   Broadband Market                     Cooperation                         Authorized Generics and            for Football Managers
                                                                                            Pay-for-delay Deals
 10:00             Mattia Nardotto;                     Clemens Fiedler;                                                       Thomas Peeters;
                   KU Leuven                            Tilburg University                  Farasat Bokhari;                   Erasmus University Rotterdam
                                                                                            University of East Anglia

20                                                                                                                                                      Athens 2018
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