Session 1A: Economic Effects Of Cartels

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March 26, 2015Midwest Economics 2015 Annual Meeting Program1The Midwest Economics Association is deeply grateful to the Economics Department at theWashington University in Saint Louis for sponsoring the conference.We also want to thank our advertisers: Michigan State University ÊSTIMATE; Northern IllinoisUniversity and World Scientific Publishing and Imperial College Press; and our exhibitors:Minnesota Population Center and World Scientific Publishing and Imperial College Press.Thursday, March 26, 2015, 5:00 p.m.-7:00 p.m. . Greenway PromenadeEarly pick up for Registration PacketsFriday, March 27, 2015, 7:30 a.m.-5:00 p.m. . Greenway PromenadeConference Registration desk openFriday, March 27, 2015, 8:00 a.m.-5:00 p.m. . Greenway PromenadeExhibitorsFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway ASession 1A: Economic Effects of CartelsInvited session organized by James Schmitz, Federal Reserve Bank, MinneapolisChair: James Schmitz, Federal Reserve Bank, Minneapolis1. "Large Harberger-type Losses from Dental Cartels''Tim Dunne, Federal Reserve Bank, AtlantaKyle Herkenhoff, University of MinnesotaJames Schmitz, Federal Reserve Bank, Minneapolis2. “Economic Cost of Cartels: Misallocation of Resources in U.S. Petroleum Drilling”Ethan Singer, University of Minnesota3. Mitigating Under-Supply of Services in Uncoordinated Markets: The Case of Yellow Taxis"Matthew Shapiro, University of MinnesotaFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway BSession 1B: Topics in Micro: Theory IChair: Keaton Miller, University of Minnesota1. “Consumer Unions: Blessing or Curse?”Cigdem Korpeoglu, Carnegie Mellon University2. “Credit or Debit? How Surcharging Affects Customers, Merchants, and the Platform”Jonathan Lhost, Lawrence UniversityDiscussants:1.Jonathan Lhost, Lawrence University2.Cigdem Korpeoglu, Carnegie Mellon UniversityFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway CSession 1C: Econometric MethodsChair: Cindy Houser, Minneapolis Community and Technical College1. “Estimating Binary Response Models with Endogenous Explanatory Variables, UsingControl Function and Quasi-LIML”Wei Lin, Michigan State UniversityJeffery M. Wooldridge, Michigan State University2. “The Econometrics of Learning-By-Doing”Jeffrey Mills, University of CincinnatiGary Cornwall, University of Cincinnati

March 26, 2015Midwest Economics 2015 Annual Meeting Program2Hamed Namavari, University of Cincinnati3. “Dynamic Spatial Panel with Interactive Effects”Wei Shi, Ohio State UniversityLung-fei Lee, Ohio State University4. “Identification and QML Estimation of Multivariate and Simultaneous SpatialAutoregressive Models”Kai Yang, Ohio State UniversityLung-Fei Lee, the Ohio State UniversityDiscussants:1.Kai Yang, Ohio State University2.Wei Shi, Ohio State University3.Jeffrey Mills, University of Cincinnati4.Wei Lin, Michigan State UniversityFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway ESession 1E: Monetary Policy IChair: Mohamed Sami Ben Ali, Qatar University1. “Impact of Fiscal and Monetary Policy on Heterogeneous Labor, under LimitedParticipation”Devika Hazra, California State University-Los Angeles2. “Assessing Monetary Policy in an Economy with Endogenous Asset Market Segmentation”Kersten Stamm, Georgetown University3. “Unconventional Monetary Policy and Aggregate Bank Lending: Does Financial StructureMatter?”Ling Wang, Hannan University4. “Interest Tax on Capital Inflows and Exchange Rate Stability”Yi Zhang, University of Wisconsin-MadisonDiscussants:1.Kersten Stamm, Georgetown University2.Ling Wang, Hannan University3.Yi Zhang, University of Wisconsin-Madison4.Devika Hazra, California State University-Los AngelesFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway GSession 1G: Financial Markets in Emerging MarketsChair: Luz Saavedra, University of St. Thomas1. “Structural Changes hindered by Segmented Capital Markets in Sub Saharan Africa”Augustine Mok, University of Minnesota2. “Regulatory Reform, Industrial Change, and Expected Profitability of Low-Income FinancialService Providers: The Effects of Regulatory Events in the 2010-2014 Period”Parker Wheatley, College of St. Benedict-St. John's UniversityDiscussants:1.Parker Wheatley, College of St. Benedict-St. John's University2.Harshada Karnik, University of MinnesotaFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway HSession 1H: Investigating Risky Behaviors: Innovative Uses of the ConsumerExpenditure SurveyOrganized by Geoffrey Paulin, Bureau of Labor and StatisticsChair: Geoffrey Paulin, Bureau of Labor and Statistics

March 26, 2015Midwest Economics 2015 Annual Meeting Program3“Overview of Consumer Expenditure Survey Data”Steve Henderson, Bureau of Labor and Statistics1. “Regressive Effects: Unintended Consequences of Sin Taxation”Adam Hoffer, University of Wisconsin-La Crosse2. “Healthful Habits: Exploring Expenditure Patterns for Good and ‘Ill’”Adam Reichenberger, Bureau of Labor and Statistics3. “Historical Evidence from the Diary and Interview Components: Trends in Alcohol,Tobacco, and Fast Food Expenditures by Young Adults (Diary); How ExpendituresPersistently Exceed Income for Low-Income Consumers (Interview)”Geoffrey Paulin, Bureau of Labor and StatisticsDiscussion among participants and audienceFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . Greenway JSession 1J: Frictions in Labor MarketsChair: Esther Redmount, Colorado College1. “International Trade, Credit Constriants, and Labor Market Rigidities”Huancheng Du, American University2. “Over-Education in the U.S Labor Market”Ammar Farooq, Georgetown University3. “Revisiting Wage Bargaining: An Assessment of Wage Bargaining Functions in a SearchModel of the Labor Market”Jordan Marcusse, Georgetown University4. “Performance Reviews and Career Concerns”Ruchika Mohanty, University of MinnesotaDiscussants:1.Jordan Marcusse, Georgetown University2.Huancheng Du, American University3.Yao-Yu Chih, Texas State University4.Ammar Farooq, Georgetown UniversityFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . MirageSession 1K: Applied Micro IChair: J. Alejandro Gelves, Midwestern State University1. “Crime, Income Inequality, and Density at the Neighborhood Level”Andrew Hovel, College of Saint Benedict-St.John's UniversityShrawantee Saha, College of Saint Benedict-St.John's University2. “Effect of Homeownership on Employment Status Transitions”Catherine Lau, Carthage CollegeTakuya Hasebe, Sophia University3. “Segregation and Lynching”John Parman, College of William and MaryLisa Cook, Michigan State UniversityTrevon Logan, Ohio State University and NBERDiscussants:1.Shahina Amin, University of Northern Iowa2.Trevon Logan, Ohio State University and NBER3.Andrew Hovel, College of Saint Benedict-St.John's UniversityFriday, March 27, 2015, 8:00 a.m.-9:45 a.m. . RegencySession 1L: Inputs in Education

March 26, 2015Midwest Economics 2015 Annual Meeting Program4Chair: Stacie Bosley, Hamline University1. “Improving Teacher Practices with Children Under 5: Experimental Evidence from theMississippi Buildings Blocks on Teacher Coaching”Irma Arteaga, University of Missouri2. “Student Outcomes in Principles: Online vs. Face-to-face Delivery”David Carr, University of South DakotaKathryn Birkeland, University of South DakotaMandie Weinandt, University of South Dakota3. “Assessing the Effect of School Days and Absences on Test Score Performance”Teresa Romano, Goucher CollegeEsteban Aucejo, London School of EconomicsDiscussants:1.Teresa Romano, Goucher College2.Ahmed Ali A Khalifa, Qatar University3.Irma Arteaga, University of MissouriFriday, March 27, 2015, 9:30 a.m.-10:15 a.m. Greenway PromenadeCoffee BreakFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway ASession 2A: Environmental EconomicsChair: John Stoll, University of Wisconsin-Green Bay1. “Asymmetry and Uncertainty across Energy and FX Markets”Ahmed Ali A Khalifa, Qatar UniversityShawkat Hammoudeh, Drexel UniversityCaporin Massimiliano, Università degli Studi di Padova2. “The Effect of Individual Unemployment Status on Pro-environmental Behaviors”Andrew Meyer, Marquette University3. “Supplying the Recovery: Beneficiaries of Natural Disasters”Ethan Singer, University of MinnesotaThomas Quan, University of MinnesotaDiscussants:1.Hocheol Jeon, Iowa State University2.Augustine Mok, University of Minnesota3.Anthony Andrews, Global Trade Research InstituteFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway BSession 2B: Topics in Micro: FirmsChair: Catherine Lau, Carthage College1. “Understanding the Dynamics of Household Enterprises in Egypt: Birth, Death, Growth andTransformation”Caroline Krafft, University of Minnesota2. “Idiosyncratic Match Capital, Firm Location, and Firm Survival in Thick and Thin Markets”Peter Orazem, Iowa State UniversityGeorgeanne M. Artz, Iowa State UniversityZizhen Guo, Iowa State University3. “The Scope of U.S. 'Factoryless' Manufacturing”Dominic Smith, University of MinnesotaKimberly Bayard, Federal Reserve Board of GovernorsDavid Byrne, Federal Reserve Board of Governors

March 26, 2015Midwest Economics 2015 Annual Meeting Program5Discussants:1.Dominic Smith, University of Minnesota2.Catherine Lau, Carthage College3.Caroline Krafft, University of MinnesotaFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway CSession 2C: Business CyclesChair: Jeffrey Mills, University of Cincinnati1. “Business Cycle Filters and Uncertainty”Cindy Houser, Minneapolis Community and Technical College2. “The 'Pile-up Problem' in Trend-Cycle Decomposition of Real GDP: Classical and BayesianPerspectives”Jaeho Kim, University of OklahomaChang-Jin Kim, University of Washington and Korea University3. “Not All Oil Demand Shocks Are Alike”Mark Melichar, Tennessee Tech UniversityLance Bachmeier, Kansas State UniversityDiscussants:1.Jaeho Kim, University of Oklahoma2.Cindy Houser, Minneapolis Community and Technical College3.Fassil Fanta, University of Wisconsin-ParksideFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway DSession 2D: Health InsuranceChair: Bruno Wichmann, University of Alberta1. “Health Insurance and Prevention: Evidence from Young Adults”Jie Ma, Indiana University Bloomington2. “Optimal Reimbursement in Medicare Advantage”Keaton Miller, University of Minnesota3. “Medicaid Reimbursement, Prenatal Care and Infant Health”Lyudmyla Sonchak, SUNY OswegoDiscussants:1.Keaton Miller, University of Minnesota2.Lyudmyla Sonchak, SUNY Oswego3.Jie Ma, Indiana University BloomingtonFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway ESession 2E: Macro Topics: The Great RecessionChair: Kyle Herkenhoff, University of Minnesota1. “Lack of Firm Entry and the Slow Recovery of the U.S. Economy After the Great Recession”Joao Luiz Ayres, University of MinnesotaGajendran Raveendranathan, University of Minnesota2. “Transitory Movements, Inflation Trends and Volatilities during the Great Recession”Semih Cekin, Governors State UniversityVictor Valcarcel, Texas Tech University3. “Investment Bubbles and Jobless Slow-growth Expansions: A Tale of Three Recoveries”John Golob, Retired (Federal Reserve Bank of Kansas City)4. “Demand Shock, Credit Constraints, and Export Collapse”Jing Wang, University of Notre DameDiscussants:

March 26, 20151.2.3.4.Midwest Economics 2015 Annual Meeting Program6Semih Cekin, Governors State UniversityJing Wang, University of Notre DameJoao Luiz Ayres, University of MinnesotaJohn Golob, Retired (Federal Reserve Bank of Kansas City)Friday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway FSession 2F: Topics in International Economics IChair: David Hudgins, Texas A&M University - Corpus Christi1. “Trade Tax Recovery Through VAT Revenues: A Cross-country Empirical Investigation”Biniv Maskay, Loras College2. “Disruptive Technologies: The Global Natural Gas Market”Nathaneal Mol, University of FindlayGregory Arburn, University of Findlay3. “Trade and Emissions Trading System in a Small Open Economy”Yasuhiro Takarada, Nanzan UniversityMasafumi Tsubuku, Nagoya UniversityMadoka Okimoto, Nagoya UniversityDiscussants:1.M. Kevin McGee, University of Wisconsin-Oshkosh2.Yasuhiro Takarada, Nanzan University3.David Hudgins, Texas A&M University - Corpus ChristiFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway GSession 2G: Finance in Emerging MarketsChair: Veysel Ulusoy, Yeditepe University1. “Do some sectors herd more?: Evidence from emerging markets”Esin Cakan, University of New Haven2. “A Dynamic Conditional Correlation Analysis of Turkish Financial Markets”Sercan Demiralay, Yeditepe UniversityVeysel Ulusoy, Yeditepe UniversityMustafa Özer, Anadolu University3. “The Roles of Stock Markets and Banks on Economic Growth: A System Approach”Fufa Tolina, Oklahoma State UniversityJaebeom Kim, Oklahoma State UniversityDiscussants:1.Sercan Demiralay, Yeditepe University2.Esin Cakan, University of New Haven3.Insang Hwang, International Christian UniversityFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway HSession 2H: The Economics of CrimeOrganized by: Jennifer Doleac, University of VirginiaChair: Jennifer Doleac, University of Virginia1. “On-Premises Liquor Licenses and Violent Crime”D. Mark Anderson, Montana State University2. “Keep the Kids Inside: Juvenile Curfews, Bad Weather, and Urban Gun Violence”Jennifer Doleac, University of Virginia3. “The Effects of Summer Jobs on Disadvantaged and Justice-Involved Youth”Sara Heller, University of Pennsylvania4. “Do Private Prisons Distort Justice? Evidence on Time Served and Recidivism”

March 26, 2015Midwest Economics 2015 Annual Meeting Program7Anita Mukherjee, University of Wisconsin-MadisonDiscussants:1.Jennifer Doleac, University of Virginia2.Sara Heller, University of Pennsylvania3.Anita Mukherjee, University of Wisconsin-Madison4.D. Mark Anderson, Montana State UniversityFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway ISession 2I: Undergraduate Session: Policy EvaluationOrganized by: Grace Tsiang, University of ChicagoChair: Kristen Keith, University of Toledo1. “Minimum Wage Effects on Drug Sale and Possession”Anissa Khan, Miami University2. “Does the Rise in Minimum Wage Improve the Standard of Living of Thai Workers? AComparison of the Formal and Informal Sectors”Pukitta Chunsuttiwat, Macalester College3. “The Impact of Formal Banking Institutions on Indonesian Households' Saving Behavior”Kate Smith-Lin, Elon UniversityDiscussants:1.Robert Lemke, Lake Forest College2.Kristen Keith, University of Toledo3.Raymond Robertson, Macalester CollegeFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . Greenway JSession 2J: Labor Markets, Immigrants and RemittancesChair: Jay Walker, Niagara University1. “Effect of Remittances on Labor Supply of Children in Rural India”Ganita Bhupal, University of Delhi2. “North-North Migration and Agglomeration in the European Union 15”Rocio Madera, University of MinnesotaDaniela Viana Costa, University of MinnesotaMaria Jose Rodriguez, University of Minnesota3. “Immigrant Earnings Assimilation in the United States: A Panel Analysis”Deborah Rho, University of St. Thomas4. “The Small Wage Premium for English Fluency among Recent U.S. Refugees”Abdihafit Shaeye, University of Wisconsin-MilwaukeeDiscussants:1.Monica Garcia-Perez, St. Cloud State University2.Deborah Rho, University of St. Thomas3.Abdihafit Shaeye, University of Wisconsin-Milwaukee4.Ganita Bhupal, University of DelhiFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . MirageSession 2K: CSWEP: Advice for Job SeekersOrganized for CSWEP by Anne Winkler, University of Missouri-St. LouisChair: Anne Winkler, University of Missouri-St. Louis1. “The Search Process”Sarah Hamersma, Syracuse University2. “Differences in Academic Settings”

March 26, 2015Midwest Economics 2015 Annual Meeting Program8Nasrin Shahinpoor, Hanover College3. “Working in a School of Public Affairs”Deborah Levison, University of Minnesota4. “Getting off the Ground Running in your New Job”Beth Allen, University of MinnesotaFriday, March 27, 2015, 10:00 a.m.-11:45 a.m. . RegencySession 2L: Social Interaction: Economic EffectsChair: Tadashi Sekiguchi, Kyoto University1. “Network Analysis of a Pyramid Scheme”Stacie Bosley, Hamline University2. “International Trade as a Determinant of Social Trust: The Role of Geographic Proximity”Luz Saavedra, University of St. ThomasRob Riley, University of St., Thomas3. “Cultural Differences and Interprovincial Trade in China: Effect of Surname Distance andits Mechanisms”Radek Szulga, Grinnell CollegeYongwei Chen, Tsinghua UniversityWei-Min Hu, National Chengchi UniversityBuoyuan Xue, Peking UniversityDiscussants:1.Keva Steadman, Western Illinois University2.Stacie Bosley, Hamline University3.Luz Saavedra, University of St. ThomasFriday, March 27, 2015, 11:45 p.m.-1:15 p.m. . MinnehahaCSWEP Networking LuncheonFriday, March 27, 2015, 1:15 p.m.-3:00 p.m. . Greenway ASession 3A: Agricultural EconomicsChair: Erik Johnson, Georgia Institute of Technology1. “Impact of Seasonality on Agricultural Commodity Price Behavior”Niranjan Jayaramu, Northwest Missouri State UniversityNaveen Musunuru, Northwest Missouri State University2. “Land Fragmentation, Machinery Usage and Crop Production”Wangyang Lai, Ohio State UniversityBrian Roe, the Ohio State UniversityYumei Liu, China Agricultural University3. “The Effect of Primary Commo

David Carr, University of South Dakota Kathryn Birkeland, University of South Dakota Mandie Weinandt, University of South Dakota 3. “Assessing the Effect of School Days and Absences on Test Score Performance” Teresa Romano, Goucher College Esteban Aucejo, London School of Economics Discussants: 1. Teresa Romano, Goucher College 2.

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