ESA CONFERENCE: PROGRAM

June 16-18, 2000

New York City

Click Here for an alphabetic listing of presentation and discussion times and Email addresses

Click on paper titles for abstracts

Thursday 6:30 PM-8:30 PM: Opening Cocktail Party and Reception

President's Conference Room, New York University

Bobst Library, 70 Washington Square South (12th Floor)

Corner of W. 4th Street (Washington Square South) and LaGuardia Place

 

All presentations and lectures are being held on the Upper Concourse level of Tisch Hall

Friday 8:15-8:50 Continental Breakfast and Coffee

 

8:50-9:00 Opening Remarks, Shimmel Auditorium

 

9:00-10:00 Ariel Rubinstein Lecture: A Theorist's View of Experiments, Shimmel Auditorium

 

10:00-10:15 Coffee Break

 

Friday 10:15

Session 1: Learning, UC 57

Presenters and Papers:

Yaw Nyarko and Andrew Schotter "An Experimental Study of Belief Learning Using Elicited Beliefs"

Colin Camerer, Teck Ho and Juin Kuan Chong "Sophisticated Learning and Teaching in Repeated Games"

Ido Erev, "On the Potential Value and Current Limitations of Different Learning Models: A Clarification"

Mark Walker and Todd Swarthout, "An Experiment on Reinforcement Learning and Belief Learning"

 

Chair: John Van Huyck

Discussants: John Van Huyck, Charles Holt, Yan Chen, Ernan Haruvy

 

Session 2: Information Cascades, Signaling and Inter-Agent Thinking, UC 58

Presenters and Papers:

David Cooper and John H. Kagel, "Transfer in Signaling Games"

Anthony Ziegelmeyer, "Endogenous Information Cascades and Beliefs"

Kevin McCabe, Georgio Coricelli, Daniel Houser, Lee Ryan, Vernon Smith and Theodore Trouard, "Other Minds in the Brain: A Functional Imaging Study of "Theory of Mind" in Two-person Exchange"

Carlo Kraemer, Markus Nöth and Martin Weber "Aggregation with Costly Information and Random Ordering: Experimental Evidence"

 

Chair: Nathaniel Wilcox

Discussants: Nathaniel Wilcox, Felix Vardy, Gary Charness, Alessandro Narduzzo

 

Session 3: Trust and Reciprocity, UC 59

Presenters and Papers:

James Cox, "Trust and Reciprocity: Implications of Game Triads and Social Contexts"

Muriel Niederle and Yoella Bereby-Meyer, "Understanding the Nature of Fairness: The Importance of Intentions"

Mary Rigdon, Kevin McCabe and Vernon Smith "Positive Reciprocity and Intentions in Trust Games"

Urs Fischbacher, Armin Falk and Ernst Fehr "Why and Whom do People Punish?"

 

Chair: Axel Ockenfels

Discussants: Axel Ockenfels, Alessandro Rossi, David Dickinson, Dirk Engleman

 

Session 4: Bidding, Auctions and Markets, UC 62

Presenters and Papers:

Jacob Goeree, "Efficiency and the Winner's Curse"

Radosveta Ivanova-Stenzel, Werner Güth, Elmar Wolfstetter and Shmuel Zamir "Bidding Behavior in Asymmetric Auctions --An Experimental Study"

Edna Loehman, Richard Kiser and Steve Rassenti "An Optimal Bidding Process for Shared Goods"

Charles Noussair, Charles Plott and Raymond Riezman, "Multiple Locations, Multiple Currencies and Decentralized Production in Large Experimental Economies"

 

Chair: Shyam Sunder

Discussants: Andreas Ortmann, Shyam Sunder, Oliver Kirchkamp, Jan-Eric Nilsson

 

12:00-1:15 Lunch Break

 

Friday 1:15

Session 1: Fairness, UC 57

Presenters and Papers:

Alessandro Rossi and Massimo Warglien, "An Experimental Investigation of Fairness and Reciprocal Behavior in a Simple Principal-Multiagent Relationship"

Axel Ockenfels, Gary Bolton and Jordi Brandts, "Procedural Fairness in Ultimatum Games"

David Dickinson and Jill Tiefenthaler, "What is Fair? Experimental Evidence"

Dirk Engelmann, "An Experimental Comparison of the Fairness Models by Bolton and Ockenfels and by Fehr and Schmidt"

 

Chair: James Cox

Discussants: Mary Rigdon, James Cox, Muriel Niederle, Urs Fischbacher

 

Session 2: Multi-Unit Auctions, UC 58

Presenters and Papers:

Katerina Sherstyuk, "Collusion via Signaling in Multiunit Auctions with Synergies: An Experimental Test"

Shyam Sunder, "Convergence of Double Auctions to Pareto Optimal Allocations in an Edgeworth Box"

Oliver Kirchkamp, "An Experimental Analysis of Auctions with Interdependent Valuations"

Jan-Eric Nilsson, "An Experimental Comparison of Alternative Mechanisms to Procure Multiple Units Provided by Asymmetric Firms with Non-Constant Costs"

 

Chair: Charles Noussair

Discussants: Radosveta Ivanova-Stenzel, Jacob Goeree, Edna Loehman, Charles Noussair

 

Session 3: Energy and The Environment, UC 59

Presenters and Papers:

Céline Jullien, Stephane Robin, Carine Staropoli, Dominique Finon, and Bernard Ruffieux, "The Reform of the English Electricity Pool An Experimental Analysis"

Lata Gangadharan and Timothy N. Cason, "Transactions Costs in Tradable Permit Markets: An Experimental Study of Pollution Market Designs"

Martin Soeberg, "Imperfect Competition, Sequential Auctions, and Emissions Trading: An Experimental Evaluation"

Brian Kench, "Financial versus Physical Transmission Rights: An Experimental Study"

 

Chair: Yan Chen

Discussants: Yan Chen, Andrew Muller, Tony Dziepak, Martin Dufwenberg

 

Session 4: Field Experiments, UC 62

Presenters and Papers:

Paul Healy and Charles Noussair, "Bidding Behavior in the Price is Right Game: An Experimental Study"

David Lucking-Reiley and John A. List, "Do Seed Money and Refunds Influence Charitable Giving? Experimental Evidence from a University Capital Campaign"

Frode Alfnes and Kyrre Rickertsen, "European Consumers Willingness to Pay for U.S. Beef in Experimental Auction Markets"

Markus Nöth and Rachel Croson, "Information Aggregation in the Wharton MBA Course Auction: A Field Experiment"

 

Chair: Barry Sopher

Discussants: John Morgan, Barry Sopher, Daniel Houser, Uri Gneezy

 

3:00-3:15 Coffee Break

Friday 3:15

Session 1: Individual Decision Making 1, UC 57

Presenters and Papers:

Doron Sonsino and Doron Kliger, "On Absolute and Relative Performance and the Demand for Mutual Funds"

Anna Maffioletti and Carmela Di Mauro, "Reaction to Uncertainty and Market Mechanisms: Some Experimental Evidence"

Enrico Diecidue and Peter P. Wakker, "Satisfying Comonotonic Book Making with Nonadditive Probabilities"

C. Jill Burness, "A Further Examination of Cumulative Prospect Theory Parameterizations"

Mikhael Shor, Eric Friedman, Scott Shenker and Barry Sopher, "Asynchronous Learning with Limited Information " 

 

Chair: Rachel Croson

Discussants: Steven Elliot, Robert Slonim, Rachel Croson, Luis Fernandez, John Ledyard

 

Session 2: Macro-Economics, UC 58

Presenters and Papers:

Frans van Winden and Arno Riedl, "An Experimental Investigation of Wage Taxation and Unemployment in a Closed and Small Open Economy"

Steven Tucker, G. Camera and Charles Noussair, "Rate of Return Dominance and Efficiency in an Experimental Economy"

Enrica Carbone, "The Effect of Unemployment on Precautionary Saving: An Experimental Analysis"

Kevin McCabe Cary Deck and Dave Porter, "Hyperinflation in Experimental Fiat Money Economies"

Kevin Balsam, "Applying the Paradox of Thrift: A Macroeconomics Experiment for the Aggregate Expenditure Model of the Economy"

 

Chair: Antoni Bosch

Discussants: Brit Grosskopf, Henk van deVelden, Charles Noussair, Antoni Bosch, Daniela Di Cagno

 

Session 3: Public Goods, UC 59

Presenters and Papers:

Martin Sefton, Robert Shupp and James Walker, "The Effect of Rewards and Sanctions on Contributions to Public Goods"

Joep Sonnemans, Frans van Dijk and Frans van Winden, "Group Formation in a Public Good Experiment: On the Dynamics of Social Ties Structures"

Giovanna Devetag, "Coordination in "Critical Mass" Games: An Experimental Study"

Simon Gaechter, "The Role of Rewards and Sanctions in Voluntary Cooperation Games"

Matthieu Neveu, "Interior Pareto Optimum and Occurrence of Full Public Good Providing in Voluntary Contribution"

 

Chair: Stuart Mestleman

Discussants: Rupert Sausgruber, Jean-Robert Tyran, Paul Ferraro, Stuart Mestleman, Sobei Oda

 

Session 4: Individual Decision Making, UC 62

Presenters and Papers:

John Spraggon, "Individual Decision Making in Moral Hazard in Groups Experiments"

Mark Pingle, "An Experiment on Temperament and Decision Making Under Uncertainty"

Bill Harbaugh, Kate Krause and Tim Berry, "GARP for Kids: On the Development of Rational Choice Behavior"

Susan Laury and Charles A. Holt, "Risk Aversion and Incentive Effects in Lottery Choices"

Arthur Schram and Klarita Gërxhani, "Tax Evasion and the (In)formal Sector: An Experimental Study in Albania and

the Netherlands"

 

 

Chair: Claudia Keser

Discussants: Klaus Abbink, Claudia Keser, Robert Piron, Andrew Muller, Claude Montmarquette

 

 Saturday

Saturday 8:15-9:00: Continental Breakfast and Coffee

 

9:00-10:00: Thomas Palfrey: An Experimentalist's View Of Theory, Shimmel Auditorium

 

10:00-10:15 Coffee Break

 

Saturday 10:15

Session 1: Financial and Asset Markets, UC 57

Presenters and Papers:

John Ledyard, Peter Bossaerts and Leslie Fine, "Inducing Liquidity In Thin Financial Markets Through Combined-Value Trading Mechanisms"

Henk van de Velden, "Asset Pricing Experiments"

Doron Sonsino, Shavit Tal and Benzion Uri , "On The Evaluation of a Stock Options: An Experimental Study"

Antoni Bosch and Maria Saez Marti, "Cycles of Aggregate Behavior in Theory and Experiment"

 

Chair: Kevin McCabe

Discussants: Frans Van Winden, Steven Tucker, Gunduz Caginalp, Kevin McCabe, Kevin Balsam

 

Session 2: Bargaining, UC 58

Presenters and Papers:

Alexander Kritikos, "The Impact of Compulsory Arbitration on Bargaining Behavior: An Experimental Study"

Sally Blount-Lyon and Gregory A. Janicik, "The Self-Imposed Costs of Impatient Responses to Negotiation Slowdowns"

Stan Reynolds and Tim Cason, "Bounded Rationality in Laboratory Bargaining with Asymmetric Information"

Elisabet Rutstrom, Anabela Bothelo and Marc Hirsch, "Bargaining, Nationality, and Demographics"

 

Chair: Hessel Oosterbeek

Discussants: Hessel Oosterbeek, Shin'ichi Hirota, Daniela DiCagno, Randolph Sloof

 

Session 3: Public Goods and Other Regarding Behavior, UC 59

Presenters and Papers:

Rupert Sausgruber and Jean-Robert Tyran, "On Fiscal Illusion"

Jean-Robert Tyran, "Why do People Vote for Charitable Donations?"

Paul Ferraro, Daniel Rondeau and Gregory Poe, "Detecting Other-regarding Behavior with Virtual Players"

Stuart Mestelman, "Heterogeneity, Communication, Equity, and Voluntary Contributions to a Public Good"

 

Chair: Martin Sefton

Discussants: Martin Sefton, Giovanna Devetag, Simon Gaechter, Matthieu Neveu

 

Session 4: Organization of Work, UC 62

Presenters and Papers:

Jean-Louis Rulliere and Marie-Claire Villeval, "Free-Riding and Fairness in Principal - Multi-Agent Relationship: Experimental Evidence"

Jeffrey Carpenter, "Mutual Monitoring in Teams: The Role of Monitoring Group Size, Second-Order Free-Riding or Coordination?"

Rafael Rob, No Title

Armin Falk, "Competition, Efficiency and Endogenous Long-term Relations"

 

Chair: Jamie Brown-Kruse

Discussants: Jason Shachat, Jamie Brown-Kruse, Ozlem Ozdemir, Arthur Schram

 

12:00 – 1:15 Lunch Break

 

Saturday 1:15

Session 1: Learning and Bounded Rationality, UC 57

Presenters and Papers:

John Van Huyck and Carl Nicholas McKinney Jr., "Estimating Bounded Rationality and Pricing Performance Under Uncertainty"

Charles Holt and Jacob Goree "A Model of Noisy Introspection"

Yan Chen, "Learning Under Limited Information"

Ernan Haruvy and Dale Stahl, "Initial Conditions, Adaptive Dynamics, and Final Outcomes: An Approach to Equilibrium Selection"

 

Chair: Colin Camerer

Discussants: Yaw Nyarko, Colin Camerer, Ido Erev, Mark Walker

 

Session 2: Voting and Poltitcal Behavior, UC 58

Presenters and Papers:

Bernd Irlenbusch and Matthius Sutter, "Effectiveness of the Stability and Growth Pact"

Jens Grosser, "An Aspiration Adaptation (AA-) Model of Issue Voting"

John Duffy and Minseong Kim, "Anarchy in the Laboratory (and the Role of the State)"

John Patty and Roberto Weber, "Politician Effort and Voter Inference"

 

Chair: Marc Willinger

Discussants: Jeorg Oechssler, Stephen Burks, Elke Renner, Marc Willinger

 

Session 3: Contracts and Financial Behavior, UC 59

Presenters and Papers:

Hessel Oosterbeek, "On the Relation Between Asset Ownership and Specific Investments"

Shin'ichi Hirota, Tatsuyoshi Saijo, Yasuyo Hamaguchi and Toshiji Kawagoe, "Does the Free-Rider Problem Occur in Corporate Takeovers? Evidence from Laboratory Markets"

Daniela DiCagno, Marco Spallone and Valentina Sabato, "Testing an "Optimal Bankruptcy Rules": Some Preliminary Results of an Experiment"

Randolph Sloof, "An Experimental Comparison of Investment Behavior Under Alternative Breach Remedies: The Case of No-Renegotiation"

 

Chair: Sally Blount-Lyon

Discussants: Alexander Kritkos, Sally Blount-Lyon, Stan Reynolds, Elisabet Rutstrom

 

Session 4: Game Theory, UC 62

Presenters and Papers:

William Neilson, "Victory and Defeat in a Model of Behavior in Games and Toward Risk"

Bodo Vogt and Claudia Keser, "Why do Experimental Subjects Choose an Equilibrium Which is Different from the One Which is Risk and Payoff Dominant?"

Andreas Ortmann and Ralph Hertwig, "One-Off Scenarios as Individuating Information, Repeated-Game Contexts as Base Rates: On the Construction and Deconstruction of Anomalies in Experimental Economics"

Fattanah Cauley and James Dworkin, "An Investigation of Gender Related Differences in Negotiations"

 

Chair: Ananish Chaudhuri

Discussants: Anthony Gillies, Arno Riedl, Ananish Chaudhuri, Katerina Sherstyuk

 

3:00 – 3:15 Coffee Break

 

Saturday 3:15

Session 1: Game Theory, UC 57

Presenters and Papers:

John Morgan, Donald J. Dale and Robert W. Rosenthal, "Coordination through Reputations: A Laboratory Experiment"

Barry Sopher and Andrew Schotter, "Creating Culture in the Laboratory: Equilibrium Conventions in an Intergenerational Ultimatum Game"

Daniel Houser, Anna Gunthorsdottir, Kevin McCabe and Holly Ameden, "Excluding Free Riders Improves Reciprocity and Promotes the Private Provision of Public Goods"

Uri Gneezy and Andreas Blume, "Coordination and Forward Induction without Common Knowledge: An Experimental Analysis"

 

Chair: Rajiv Sarin

Discussants: Charles Holt, Claudio Mezzetti, Rajiv Sarin, Jim Leady

 

Session 2: Behavior in the Face of Loss: Catastrophic Events, UC 58

Presenters and Papers:

Jason Shachat and Anthony Westerling, "Information Aggregation in a Catastrophe Reinsurance Market"

Jamie Brown-Kruse, "Auctioning Risk: Gains and Losses, Males and Females"

Ozlem Ozdemir and Jamie Brown Kruse, "Individual Behaviors in Low-Probability,

High-Consequence Risks: An Experimental Investigation"

 

Claude Montmarquette and Claudia Keser, "Voluntary Contributions to Reduce the Risk of Losses Due to Natural Catastrophes"

 

Chair: Jeffrey Carpenter

Discussants: Jean-Louis Rulliere, Jeffrey Carpenter, Rafael Rob, Armin Falk

 

Session 3: Information: Takeovers, Mergers and Auctions, UC 59

Presenters and Papers:

Roberto Weber and Colin Camerer, "Why Mergers Fail? Evidence from Experiments"

Nathaniel Wilcox and Glen Archibald, "What Causes "Naive" Behavior in Takeover Games?"

Felix Vardy and Donald Dale, "Incentives for Information Acquisition in Common Value Auctions. An Experiment"

Alessandro Narduzzo and Enrico Zaninotto, "Herding, Information Contagion and Social Inefficiency: An Experimental Analysis"

Gunduz Caginalp, David Porter and Vernon Smith, "Bubbles: Liquidity, Momentum and Incomplete Information" 

 

Chair: David Cooper

Discussants: David Cooper, Anthony Ziegelmeyer, Carlo Kraemer, Glenn Harrison, Catherine Eckel

 

Session 4: Principal Agent Problems, UC 62

Presenters and Papers:

Klaus Abbink, "Fair Salaries and the Moral Costs of Corruption"

Gary Charness and Antonio Cabrales, "An Experiment on Optimal Contracts"

Claudia Keser and Claude Montmarquette, "Effort and the Choice of Private or Team Remuneration"

Christine Harbring and Bernd Irlenbusch, "Does Tournament Size Affect Effort? – An Experimental Observation"

 

Chair: Mark Pingle

Discussants: John Spraggon, Ronald Bosman, Bill Harbaugh, Toshiji Kawagoe

 

5:45 Membership Meeting

 

Sunday

8:15-9:00 Continental Breakfast and Coffee

 

Sunday 9:00 – 10:45

Session 1: Trust, UC 57

Presenters and Papers:

Ronald Bosman, "Earned Income versus Manna from Heaven in a Power-to-Take Game Experiment"

Stephen Burks, Jeffrey Carpenter and Eric Verhoogan, "Playing Both Roles in the Trust Game"

Elke Renner, Klaus Abbink, and Bernd Irlenbusch, "An Experimental Bribery Game"

Marc Willinger, Phu Nguyen and Francios Cochard, "Trust and Reciprocity in a Repeated Investment Game"

 

Chair: John Duffy

Discussants: Bernd Irlenbusch, Jens Grosser, John Duffy, John Patty

 

Session 2: Industrial Organization, UC 58

Presenters and Papers:

Yan Chen, "Improving Efficiency of On-Campus Housing: An Experimental Study"

Shyam Sunder, "Can Postage Save E-mail from Drowning in Junk? A Market for Attention"

Tony Dziepak, "Location Experiments with Communication"

Martin Dufwenberg, Uri Gneezy and Rosemarie Nagel, "Price Competition and Incentives in Equilibrium"

 

Chair: Stephane Robin

Discussants: Stephane Robin, Lata Gangadharan, Martin Soeberg, Brian Kench

 

Session 3: Learning, UC 59

Presenters and Papers:

Charles Holt, C. Monica Capra, Jacob K. Goeree and Rosario Gomez, "Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition"

Robert Slonim, "Learning to (Dis)Trust"

Rajiv Sarin and Dana Heller, "Parametric Adaptive Learning"

Jim Leady, "Learning to Coordinate in the El Farol Bar Problem: Experimental Evidence"

 

Chair: Joep Sonnemans

Discussants: Roberto Weber, Joep Sonnemans, Katerina Sherstyuk, Louis Putterman

 

Session 4: Game Theory, UC 62

Presenters and Papers:

Claudio Mezzetti and James W. Friedman, "Random Belief Equilibrium in Normal Form Games"

Andrew Muller and Asha Sadanand, "Forward Induction and Order of Play in Two-Person Games"

Hans Normann, "Strategic Delegation in Experimental Markets"

Jeorg Oechssler and Burkhard C. Schipper, "Can You Guess the Game You're Playing?"

 

Chair: Doron Sonsino

Discussants: Doron Sonsino, Mark Pingle, David Cooper, Uri Gneezy

 

10:45 – 11:00 Coffee Break

 

Sunday 11:00 – 12:45

Session 1: Cheap Talk, UC 57

Presenters and Papers:

Louis Putterman and Talbot Page, "Cheap Talk and Punishment in Voluntary Contribution Experiments"

Sobei Oda, Atsushi Iwasaki, and Kanji Ueda, "Simulating Cheap Talk Games"

Brit Grosskopf and Gary Charness, "Cheap Talk, Information, and Cooperation"

Toshiji Kawagoe, "Instability of Babbling Equilibrium in Cheap Talk Games: An Experiment"

 

Chair: David Lucking-Reiley

Discussants: Paul Healy, Frode Alfnes, David Lucking-Reiley, Markus Noth

 

Session 2: Altruism, Reciprocity, and Trust, UC 58

Presenters and Papers:

Anthony Gillies and Mary Rigdon, "Varieties of Mind-Reading in Two-Person Trust Games"

Arno Riedl and Frans van Winden, "Information and the Creation of Social Capital: An Experimental Study"

Ananish Chaudhuri, Barry Sopher, and Paul Strand, "Prior Experience, Contingency Detection and Generosity"

Katerina Sherstyuk, Leanne Ma, Malcolm Dowling and Oliver Hill, "Altruism and Voluntary Provision of Public Goods"

 

Chair: Bodo Vogt

Discussants: William Neilson, Bodo Vogt, Hans Normann, Fattaneh Cauley

 

Session 3: Individual Decion Making, UC 59

Presenters and Papers:

Luis Fernandez and Robert Piron, "Explaining Preference Reversal with Noisy Expected Utility"

Steven Elliot and Michael Curme, "Understanding the Sunk Cost Effect: An Experimental Approach"

Jean-Robert Tyran, " Does the Three-door Anomaly Survive Communication and Competition?"

Rachel Croson, Jim Sundali and Eric Gold, "The Gambler’s Fallacy versus the Hot Hand: Empirical Data from Casinos"

Nick Bardsley, "Control Without Deception: Individual Behavior in Free-Riding Experiments" 

 

Chair: Susan Laury

Discussants: Susan Laury, Anna Maffioletti, Enrico Diecidue, C. Jill Burness, Shyam Sunder