Winter School 2021

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(Virtual Mode)

December 15 -18

Department of Economics Delhi School of Economics

University of Delhi and

Centre for Development Economics jointly with

The Econometric Society

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General Information

The School will be conducted in virtual mode. The organising committee has planned to share the links for attending sessions. All are requested to ensure secured networks and bandwidth for better streaming and interactions.

Altogether, there are twelve plenary lectures of one and half hours each and forty- eight parallel sessions. In each parallel session, the presenters will get maximum 20 minutes for presentation and 10 minutes discussion at the end. The presenter should not take more than 20 minutes for presenting papers so that an effective discussion can take place after the presentation. All presenters and registered participants are requested to attend the plenary, parallel and breakaway sessions as much as possible and to participate in effective and productive discussion. Q&A and chat boxes can be used for the discussion as well.

Bird’s eye view of the Programme

Time (IST) EST(-10.5hr) 15th December 16th December 17th December 18th December 7.45-8.00 21:15-21:30

(Previous night)

Inaugural Session 08:00-09:30 21:30-23:00

(Previous night)

Tayfun Sonmez Michael Woodford Whitney Newey Mark Rosenzweig 09:45-11:15 23:15-00:45

(Mid-Night)

Parallel Session 1 Parallel Session 3 Parallel Session 5 Parallel Session 7 11:30-13:30 01:00-03:00

(Same Day)

Parallel Session 2 Parallel Session 4 Parallel Session 6 Parallel Session 8 18:30-20:00 08:00-09:30

(Same Day)

Breakout Session Breakout Session Breakout Session 22.15-22.30 11:45-12:00

(Same Day)

Valedictory and Award

22:30-23:30 12:00-13:00 (Same Day)

Breakout Session

Contact us:

Phone no.: +91 828 562 8498 (available on Whats App as well) Email address: [email protected]

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15th December (Day One)

Introductory Remarks

07:45-08:00, December 15 • Session link/room

Invited talks

08:00-09:30, December 15 • Session Link/room

• Affirmative Action in India via Vertical, Horizontal, and Over- lapping Reservations

Tayfun Sonmez , Boston College

• Mechanism Design meets Priority Design: Redesigning The US Army’s Branching Process

• Fair Allocation of Vaccines, Ventilators and Antiviral Treatments: Leaving No Ethical Value Behind in Health Care Rationing

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Contributed talks

Parallel Session 1 • 09:45-11:15, December 15 Session 1(Room 1) • Topic- Credit Market 1

09:45-11:15, December 15 • Room/link

• Adverse Selection, Loan Access and Default in The Chilean Con- sumer Debt Market

Carlos Madeira (Central Bank of Chile)

• The Impact of Agricultural Credit on Farm Yield Risk: A Quan- tile Regression Approach in Conjunction With Propensity Score Matching

Sumedha Shukla, Gaurav Arora (Indraprastha Institute of Information Technol- ogy, Delhi)

• Credit Contract Enforcement and Income Disparities Across In- dian States: A Heterogeneous Agents Framework with Formal and Informal Firms

Kriti Khanna (Plaksha University) Chair: Kriti Khanna (Plaksha University)

Session 1(Room 2) • Topic- Empirical Political Economy I

• The Legacy of the Deceased: The Effect of Mortality Rate on Democracy

Saeed Khodaverdian (University of Hamburg)

• The Salience of Political Messages: Evidence from Soldier Deaths in India

Yatish Arya, Apurav Yash Bhatiya(University of Warwick)

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• Wagner’s Law: An Empirical Analysis with Reference to India Vishavdeep Sharma(Jawaharlal Nehru University), Ravi Sundaram(Indian Sta- tistical Institute Delhi), Deepali (Ambedkar University, Delhi)

Chair: Vishavdeep Sharma(Jawaharlal Nehru University)

Session 1(Room 3) • Topic- Contract and Negotiation

• Incentives for Contract Designers

Alexander Rodivilov (Stevens Institute of Technology)

• Corruptible Principal: Owner Corruption Makes the Firm Bu- reaucratic

Nilesh Jain, Prabal Roy Chowdhury (Indian Statistical Institute, Delhi)

• Delegated Costly Screening

Suraj Malladi (Stanford Graduate School of Business) Chair: Suraj Malladi (Stanford Graduate School of Business)

Session 1(Room 4) • Topic- Econometrics Theory I

• Wild Bootstrap for Instrumental Variables Regressions with Weak and Few Clusters

Wenjie Wang (Nanyang Technological University), Yichong Zhang (Singapore Management University)

• Information Criteria and Degrees of Freedom for the Synthetic Control Method

Zhen Xie(Northwestern University), Guillaume A. Pouliot(University of Chicago)

• Estimations of the Conditional Tail Average Treatment Effect Yu-Min Yen (National Chengchi University), Le-Yu Chen (Academia Sinica) Chair: Yu-Min Yen (National Chengchi University)

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Session 1(Room 5) • Topic- IO Theory I

• Boundedly Rational Consumers and Influencers’ Recommenda- tions in Durable-Goods Markets

Evangelos Rouskas (Agricultural University of Athens)

• Price Discrimination with Imperfect Consumer Recognition Sumit Shrivastav (Indira Gandhi Institute of Development Research)

• The Role of Product Enhancement in Innovation and Entry De- terrence

Mengyang Chi (Virginia Polytechnic Institute and State University) Chair: Mengyang Chi(Virginia Polytechnic Institute and State University)

Session 1(Room 6) • Topic- Marriage

• Confined and Constrained: Identifying the Causal Impact of Pa- trilocal Residence on Women’s Status in India

Tista Mukherjee, Ishita Mukhopadhyay, Sukanta Bhattacharya (University of Calcutta)

• Sanitation and Marriage Markets in India: Evidence from the Total Sanitation Campaign

Sanghmitra Gautam (Washington University in St Louis), Britta Augsburg (In- stitute for Fiscal Studies), Juan P. Baquero, Paul Rodriguez-Lesmes(Universidad del Rosario)

• Matching on Height in India

Ajinkya Keskar (University of British ColumbiaRice University) Chair: Ajinkya Keskar (Rice University)

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Parallel Session 2 • 11:30-13:30, December 15

Session 2(Room 1) • Topic- Empirical Macroeconomics I

• Sovereign Risk and Intangible Investment

Minjie Deng (Simon Fraser University), Chang Liu (University of Rochester)

• Measuring the Impact of Domestic Monetary Policy on Foreign Capital Flows to India

Virender Kumar (Delhi School of Economics, University of Delhi, India)

• The Mortgage Cash Flow Channel of Monetary Policy Trans- mission: A Tale of Two Countries

Vaishali Garga, Daniel Cooper(Federal Reserve Bank of Boston)

• A BVAR Analysis on Channels of Monetary Policy Transmission in Brazil

Marcos R.V. Magalhaes,Francisco J. S. Rocha, Atila A. Brilhante (Federal University of Cear´a)

Chair: Marcos R.V. Magalhaes (Federal University of Cear´a)

Session 2(Room 2) • Topic- Crime and Law

• Altruistic Preference and Crime Perception

Rounak Sil(KPMG Global Services), Tirtha Chatterjee, Ritika Jain(Centre for Development Studies, Kerala, India)

• Modesty is the Best Policy? Property Crime and Conspicuous Consumption: Evidence from India

Deepika Kandpal (Delhi School of Economics, University of Delhi)

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• Can Soft Law Improve the Welfare of Sexual Minorities? The Case of Same-sex Partnership Policy in Japan

Yuri Sugiyama (Hitotsubashi University)

• Impact of Free Legal Search on Rule of Law: Evidence from India’s Kanoon

Shareen Joshi(Georgetown University), Sandeep Bhupatiraju, Daniel L. Chen, Ritesh Das (World Bank),Peter Neis (Toulouse School of Economics)

Chair: Shareen Joshi (Georgetown University)

Session 2(Room 3) • Topic- Growth and Inequality

• Structural Change, Inequality, and Capital Flows Florian Trouvain (University of Michigan)

• Insurance Development and Economic Growth in Sub-Saharan Africa. Does Institutional Quality Matter?

Akinlo Taiwo (Adeyemi College of Education, Ondo)

• Hysteresis, Endogenous Growth, and Monetary Policy Sebastian Amador (University of California, Davis)

• Earnings Risks, Savings and Wealth Concentration Mohsen Mohaghegh (Indian Institute of management Ahmedabad) Chair: Mohsen Mohaghegh (Indian Institute of management Ahmedabad)

Session 2(Room 4) • Topic- Game Theory and Experiment

• A New Folk Theorem in OLG Games Chihiro Morooka (University of Tokyo)

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• Gradualism in a Principal-Agent Interaction

Shahin Baghirov (Koc University), Ay¸ca Ebru Giritligil (Istanbul Bilgi Univer- sity)

• Going... Going... Wrong: a Test of the Level-k (and Cognitive Hierarchy) Models of Bidding Behaviour

Itzhak Rasooly University of Oxford

• The Strategy of Conflict and Cooperation Mehmet Ismail (King’s College London)

Chair: Mehmet Ismail (King’s College London)

Session 2(Room 5) • Topic- Irrigation and Agriculture

• Irrigation and the Spatial Pattern of Local Economic Develop- ment in India

Aaditya Dar (Indian School of Business), David Blakeslee, Samreen Malik, Heitor Pelegrina (New York University), Ram Fishman (Tel Aviv University), Karan Singh (Independent researcher)

• Watering the Seeds of the Rural Economy: Impact of Tube-Well Irrigation in India

Andre Butler, Camille Boudot-Reddy (University of Edinburgh)

• Well Dryness as a Missingness Mechanism for Administrative Groundwater Level Data

Saif Ali, Gaurav Arora(Indraprastha Institute of Information Technology Delhi)

• The Impact of Unrestricted Power on Groundwater: A Panel Geographical Regression Discontinuity Approach*

Praveen Kumar, E. Somanathan (Indian Statistical Institute Delhi), Eshita Gupta (KPMG, India)

Chair: Praveen Kumar (Indian Statistical Institute Delhi)

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Session 2(Room 6) • Topic- Matching

• How to De-Reserve Reserves

Bertan Turhan (Iowa State University), Orhan Aygun (Bogazi¸ci University)

• School Choice and the Housing Market Aram Grigoryan (Duke University)

• Crowding in School Choice

Yu Zhou (Kyoto University), William Phan (North Carolina State University), Ryan Tierney (University of Southern Denmark)

• A Field Study of Donor Behavior in the Iranian Kidney Market Ali Moghaddasi Kelishomi(Loughborough University), Daniel Sgroi(University of Warwick)

Chair: Ali Moghaddasi Kelishomi (Loughborough University) Back to page 1

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16th December (Day Two) Invited talks

• Modeling Imprecision of Comparisons and Choice Michael Woodford , Columbia University

• Imprecision and Bias: The Case of Choice Under Risk Michael Woodford , Columbia University

• Bayesian Models of Context-Dependent Valuations Michael Woodford , Columbia University

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Contributed talks

Parallel Session 3 • 09:45-11:15, December 16 Session 3(Room 1) • Topic- Empirical Trade

• Intensive and Extensive Margin of manufacturing exports: impact of commodity windfalls

Abraham Lartey (University of Alicante )

• The Political Economy of Trade Deliberalization: A Social Identity Analysis of the US-China Trade War

Wenbiao Sha (Hong Kong University of Science and Technology)

• Modeling the Impact of Participation in Trade Agreements on Bilateral Trade Flows: Evidence from the Selected Asia-Pacific Countries

Sharadendu Sharma, Rahul Arora (BITS PILANI) Chair: Sharadendu Sharma (BITS PILANI)

Session 3(Room 2) • Topic- Empirical IO and Trade

• Intellectual Property Rights and Imports

Ridwan Ah Sheikh, Sunil Kanwar (Delhi School of Economics, University of Delhi)

• Debt Contract Enforcement and Product Innovation: Evidence from a Legal Reform in India

Tanya Jain, Chetan Subramanian (Indian Institute of Management, Bangalore), Rahul Singh (‡Ahmedabad University)

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• Do Technological Innovations and Trade Openness reduce CO2 Emissions? Evidence from selected Middle Income countries Megha Chhabra, A K Giri, Arya Kumar (BITS Pilani)

Chair: Megha Chhabra(BITS Pilani)

Session 3(Room 3) • Topic: Decision Theory I

• Choice by Salience

Angelo Petralia (University of Turin-Collegio Carlo Alberto), Alfio Giarlotta (University of Catania), Stephen Watson (York University)

• Choice by Rejection

Kriti Manocha, Bhavook Bhardwaj (Indian Statistical Institute, New Delhi)

• Social Influence within Clusters

Ojasvi Khare(Indian Statistical Institute, Delhi), Abhinash Borah, Raghvi Garg (Ashoka University), Nitesh Singh (Indian Statistical Institute, Kolkata)

Chair: Ojasvi Khare(Indian Statistical Institute, Delhi)

Session 3(Room 4) • Topic- Theoretical Political Economy I

• Media Bias in the Best and Worst of Times Abhinaba Nandy (Virginia Tech)

• Democracy or Optimal Policy: Income Tax Decisions without Commitment

Youngsoo Jang (Shanghai University of Finance and Economics)

• Natural Resources, Strategic Deterrence and Crime-Corruption Nexus in the Shadow of the Law: A Micro-Theoretic Analysis Rohan Kanti Khan (University of Calcutta, Kolkata)

Chair: Rohan Kanti Khan (University of Calcutta, Kolkata)

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Session 3(Room5) • Topic- Economics of Education I

• Centrality-Based Spillover Effects

Xin Zhang, Asad Islam, Yves Zenou(Monash University), Michael Vlassopoulos (University of Southampton)

• Public and Private Educational Expenditure and Human Capital Accumulation

Masaya Yasuoka(Kwansei Gakuin University), Hiroki Tanaka(Doshisha Univer- sity)

• Talent Allocation in the Indian Economy: Measurement and Policy Implications

Kopal Mathur (UQ-IITD Academy of Research (UQIDAR)) Chair: Kopal Mathur (UQ-IITD Academy of Research (UQIDAR))

Session 3(Room 6) • Topic- Credit Market 2

• Role of Background Risk and Social Health Insurance in Infor- mal Credit Markets

Kalyan Kolukuluri(IIM Visakhapatnam), Jong Kook Shin(Korea University Se- jong Campus), Chetan Subramanian(IIM Bangalore), Shailender Swaminathan (Brown University)

• Financial Deepening and the Informal Economy: Evidence From Local Credit Cycles in India

Myriam Marending(Copenhagen Business School), Gabriel Zullig(University of Oxford

Chair: Myriam Marending (Copenhagen Business School) Back to page 1

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Parallel Session 4 • 11:30-13:30, December 15

Session 4(Room 1) • Topic- Empirical Political Economy 2

• Do Enfranchised Immigrants Affect Politicians’ Behaviour?

Apurav Yash Bhatiya (University of Warwick)

• Are Autocracies Bad for the Environment? Global Evidence from Two Centuries of Data

Apra Sinha (University of Delhi),

Ashish Kumar Sedai (Colorado State University,),

Abhishek Kumar(IGIDR, Mumbai), Rabindra Nepal(University of Wollongong)

• Religious Divisions and Production Technology: Experimental Evidence from India

Arkadev Ghosh (Vancouver School of Economics, UBC)

• Do Political Connections Matter in Loan Repayment? Evidence from Indian Households

Pallabi Chakraborty, Dr Amarjyoti Mahanta(IIT Guwahati)

Chair: Pallabi Chakraborty (IIT Guwahati)

Session 4(Room 2) • Topic- Economics of Health

• Healthy, Nudged, and Wise: Experimental Evidence on the Role of Cost Reminders in Healthy Decision-Making

Adnan M. S. Fakir, Tushar Bharati(University of Western Australia)

• The Ocean and Early-Childhood Mortality and Development Alex Armand(Nova School of Business and Economics), Ivan Kim Taveras(Boc- coni University)

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• Does Internal Migration Increase Regional Variation in Health- care Expenditures?

Shobhit Kulshreshtha (Tilburg University)

• COVID-19 Lockdown & Technology Engagement: New Evidence from a Large Scale m-Health Intervention in India1

Sawan Rathi, Anindya S. Chakrabarti(Indian Institute of Management Ahmed- abad),

Chirantan Chatterjee (University of Sussex Business School) Aparna Hegde (Aparna Hegde)

Chair: Sawan Rathi(Indian Institute of Management Ahmedabad)

Session 4(Room 3) • Topic- Information and Communication I

• Buyer’s Optimism, Information Design, and Price Discrimination Hien Pham (Toulouse School of Economics)

• Communication Policy in Presence of Negative Externality Srijita Ghosh (Ashoka University)

• The Social Value of Public Information When Not Everyone is Privately Informed?

Stephanie L. Chan (Xiamen University)

• Persuasion with Hard and Soft Information Sulagna Dasgupta (University of Chicago)

Chair: Sulagna Dasgupta (University of Chicago)

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Session 4(Room 4) • Topic- Macroeconomic Theory I

• Solving Heterogeneous Agent Models with the Master Equation Adrien Bilal (University of Chicago)

• The Origins of Monetary Policy Disagreement: the Role of Sup- ply and Semand Shocks

Joao Madeira, Paulo Santos MonteiroUniversity of York), Carlos Madeira(Cen- tral Bank of Chile)

• Impact of Exchange Rate Volatility on the Informativeness of Security Prices

Praveen Saini (Boston College)

• Financial Innovation, Macro-prudential Policies and Leverage Cycles

Lingsi Wei (University of Bath) Chair: Lingsi Wei (University of Bath)

Session 4(Room 5) • Topic- Economic History

• Long-Run Effects of Radical Institutional Overhauls: Evidence from Mexican-American War

Rok Spruk, Mitja Kovac (University of Ljubljana), Shai Dothan (University of Copenhagen)

• Trade, Financial Development, and Inequality: Evidence from US Railroads in the 19th Century

Dheeraj Chaudhary (University of Maryland)

• Land Concentration and Long-Run Development in the Frontier United States

Cory Smith (University of Maryland)

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• What Does Data Quality Tell Us? Learning Local Cultural Traits from Qing China Grain Prices

Shaowen Luo, Kwok Ping Tsang (Virginia Tech), Terry Cheung (Academia Sinica)

Chair: Shaowen Luo(Virginia Tech)

Session 4(Room 6) • Topic- Empirical Labour Economics I

• All Show and No Go: The Elusive Effects of Child Labor Leg- islation

Leah K. Lakdawala (Wake Forest University), Diana Martinez (University of California, San Diego) Diego Vera-Cossio (Inter-American Development Bank)

• The Dynamic Demand for Capital and Labor: Evidence from Chi- nese Industrial Firms

Le Tang (Suffolk University)

• Duration Dependence and Heterogeneity: Learning from Early Notice of Layoff

Div Bhagia (Boston College)

• Sectoral Decomposition of Convergence in Labor Productivity:

A Re-examination from a New Dataset Hideaki Matsuoka (Ministry of Finance in Japan), Alistair Dieppe (European Central Bank)

Chair: Hideaki Matsuoka (Ministry of Finance in Japan) Back to page 1

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17th December (Day Three) Invited talks

• Introduction to Machine Learning in Econometrics Whitney Newey , Massachusetts Institute of Technology 18:30-20:00, December 17 • Session link/room

• Double/Debiased Machine Learning

Whitney Newey , Massachusetts Institute of Technology 20:30-22:00, December 16 • Session link/room

• Automatic Debiased Machine Learning of Structural and Causal Effects

Whitney Newey , Massachusetts Institute of Technology

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Contributed talks

Parallel Session 5 • 09:45-11:15, December 17

Session 5(Room 1) • Topic- Transfer and Public Good

• Are Cash Transfers a Remedy to Farmers’ Woes?: Evidence from Rythu Bandhu in India

Abhishek Shaw, Sawan Rathi (IIM Ahmedabad)

• In-kind Transfers, Marketization Costs and Household Special- ization: Evidence from Indian Farmers

Nicholas Li (University of Toronto)

• Culture, Caste, and Drinking Water

Saheli Bose (Centre for Studies in Social Sciences Calcutta) Chair: Saheli Bose (Centre for Studies in Social Sciences Calcutta)

Session 5(Room 2) • Topic: Empirical IO

• Integration of Indian Inventor Networks in Global Value Chains in Pharmaceuticals Industry

Ashish Gosain (JNU Delhi), Saon Ray (ICRIER)

• Production Complexity, Talent Misallocation and Development M. Nazım Tamko¸c (World Bank)

• Firm Shutdown and Relation-Specific Investments: Evidence Us- ing Cross-Country Firm-Level Data

Kanishka Kacker, Chetna Ahuja (Indian Statistical Institute) Chair: Kanishka Kacker (Indian Statistical Institute)

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Session 5(Room 3) • Topic- Information and Communication 2

• Dynamic Communication with Trading Commissions Hargungeet Singh (Indian Institute of Technology, Kanpur)

• Communication of Expertise Before Disclosure Run Li, (Southern University of Science and Technology)

• Echo Chamber Elections Ravideep Sethi (University of Utah) Helios Herrera (University of Warwick) Chair: Ravideep Sethi (University of Utah)

Session 5(Room 4) • Topic- Econometrics Theory 2

• Nowcasting from Cross-Sectionally Dependent Panels Shaoni Nandi (King’s Business School)

• Estimation and Inference of Semiparametric Single-Index Mod- els with High-Dimensional Covariates

Jing Tao (University of Washington), Ruixuan Liu, (Emory University)

• Testing for Spatial Dependence in a Spatial Autoregressive (SAR) Model in the Presence of Endogenous Regressors

Malabika Koley (University of Illinois at Urbana Champaign), Anil K. Bera (Department of Economics, IL, USA)

Chair: Malabika Koley (University of Illinois at Urbana Champaign)

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Session 5(Room 5) • Topic- Empirical Labour Economics 2

• A Quantitative Analysis of Relaxing UI Eligibility Requirements:

Evidence from the Pandemic Unemployment Assistance Ying Chao (Jadavpur University, KolkataStony Brook University)

• Structural Decomposition Analysis of Final Export Generated Employment for India

Prithu Sharma, Aparna Sawhney (Jawaharlal Nehru University, Delhi)

• Deunionization and Immigrant Entry Ronit Mukherji (University of British Columbia) Chair: Ronit Mukherji (University of British Columbia)

Session 5(Room 6) • Topic- Migration

• Regional Convergence or Just An Illusion? Place-based Land Policy and Spatial Misallocation

Zibin Huang (Shanghai University of Finance and Economics), Min Fang (University of Lausanne)

Libin Han (Dongbei University of Finance and Economics), Ming Lu (Shanghai Jiaotong University),

Li Zhang, (Sun Yat-Sen University)

• Covid-19 Lockdown, Family Migration and Unemployment in a Gendered Society A Trade-Theoretic Analysis

Sushobhan Mahata, (Late) Sarbajit Chaudhuri(University of Calcutta)

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• Syrian Refugee Influx and Mortality due to Infectious Diseases:

Quasi-experimental Evidence from Turkey Mustafa ¨Ozer (Kilis Yedi Aralık University),

Mehmet Ali Eryurt, (Hacettepe University Institute of Population Studies,

˙Idris Beyazit (Turkish Statistical Institute) Chair: Mustafa ¨Ozer (Kilis Yedi Aralık University)

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Parallel Session 6 • 11:30-13:30, December 16

Session 6(Room 1) • Topic- Banking and Finance I

• Rational Overoptimism and Moral Hazard in Credit Booms Luca Gemmi (Boston College)

• Does the Internet Replace Brick-and-Mortar Bank Branches?

Minhae Kim (The Ohio State University)

• Cybercrime and Patronage of E-Banking Services: Evidence from Ghana

Vincent Korletey Apetorgbor (University of Verona)

• Firm Leverage and Bankruptcy Regimes: Does Ownership of Lenders Matter?

Jibin Jose, Abhinandan Borad (Reserve Bank of India) Chair: Jibin Jose(Reserve Bank of India)

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Session 6(Room 2) • Topic- Gender and labour I

• Words Matter: Gender, Jobs and Applicant Behavior Sugat Chaturvedi (Indian Statistical Institute),

Kanika Mahajan (Ashoka University) Zahra Siddique (University of Bristol)

• Couples’ Division of Work: Quantile Treatment Effects and Gender Norms

Jane Wakeford (Australian National University)

• Is the Private Sector Worse for the Lifetime Earnings of Women?

Riddhi Kalsi (Sciences Po, Paris)

• Profiling Female Exclusion from Labour Markets: A Latent Class Approach

Sankalp Sharma, Sowmya Dhanaraj (Madras School of Economics), Vidya Mahambare (‡Great Lakes Institute of Management),

Chair: Sankalp Sharma(Madras School of Economics)

Session 6(Room 3) • Topic- Mechanism Design

• Bad Reputation with Rating Systems

Caio Lorecchio, Daniel Monte(Sao Paulo School of Economics)

• Dissolving a Bilateral Partnership

Harshika Dalakoti (Indian Statistical Institute Delhi)

• Coexistence of Centralized and Decentralized Markets Berk Idem (Penn State University)

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• Permissions

Ayush Pant (Ashoka University),

Federico Trombetta (Universit‘a Cattolica del Sacro Cuore) Chair: Ayush Pant(Ashoka University)

Session 6(Room 4) • Topic- IO Theory 2

• Endogenous Data Collection in Platform Markets: Privacy and Welfare

Gaurav Jakhu (IIM Bangalore), Prabal Roy Chowdhury (ISI Delhi)

• Sponsored Search

Akhil Ilango (Universitat Pompeu Fabra)

• Efficient Collusion with Entry and Cost Uncertainty Ramakanta Patra (Cardiff Metropolitan University),

Tadashi Sekiguchi (Kyoto University)

• Collusion under Product Differentiation

Neelanjan Sen,Urvashi Tandon (Madras School of Economics) Rajit Biswas (Centre For Development Studies)

Chair: Neelanjan Sen(Madras School of Economics)

Session 6(Room 5) • Topic- Empirical Macroeconomics 2

• Measuring Monetary Policy Shocks in India*

Rajeswari Sengupta (IGIDR), Aeimit Lakdawala (Wake Forest University)

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• Output Gap Estimation and Monetary Policy with Imperfect Knowledge

Li Tang (University of Essex),

Pei Kuang, Kaushik Mitra (University of Birmingham)

• Bank Information Production Over the Business Cycle Cooper Howes (Federal Reserve Bank of Kansas City)

Gregory Weitzner (McGill University)

• Do Households Respond to Macroeconomic Announcements?

Aditi Singh (Brown University), Anushka Mitra (University of Texas at Austin) Chair: Aditi Singh (Brown University)

Session 6(Room 6) • Topic- Housing and Destitution

• Homeownership, Renting and Market Failures: Evidence from Indian Slums

Neha Gupta (University of St. Gallen)

• Do Health Shocks at Older Age Provide an Incentive to Down- size in Europe?

Cristina Vilaplana-Prieto (University of Murcia)

Joan Costa-Font (London School of Economics and Political Science)

• Structural Transformation and Poverty Reduction in India Thasni Thajudeen, Kausik Gangopadhyay (IIM Kozhikode), Debasis Mondal (IIT Delhi)

• Consumption Pattern and Nutrition Based Poverty Income: A Case Study of Purba Bardhaman District of West Bengal Dipanwita Bhakat (Visva Bharati University)

Chair: Dipanwita Bhakat (Visva Bharati University) Back to page 1

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18th December (Day four) Invited talks

• Why is Spatial Mobility in India So Low? Networks, Rural Risk and the Urban-Rural Wage Gap

Mark Rosenzweig ,Yale University

• Are There Too Many Farms in India and the World? Farm Scale and Productivity Revisited

• Does Democratization Increase Economic Development and Actually Give More Influence to the Poor?

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Contributed talks

Parallel Session 7 • 09:45-11:15, December 18 Session 7(Room 1) • Topic- Theory of Finance

• Non-Fundamental Volatility in Financial Markets Keisuke Teeple (University of California Davis)

• Market Efficiency, the Cost of Capital, and Information Dis- closure Quality

Xiangguo Zhang (University of Birmingham)

• Cryptocurrency, Mining Pools’ Concentration, and Asset Prices Idan Hodor (Monash University), Bikramaditya Datta (IIT Kanpur)

Chair: Idan Hodor(Monash University)

Session 7(Room 2) • Topic- Environmental Economics

• Three Aspects of Green Bonds Jitendra Aswani (Fordham University)

• Achieving Allocative Efficiency using Economic Instruments for Pollution Control: The Case of the Indian Thermal Power Sec- tor

Resham Nagpal, Sushama Murty (Jawaharlal Nehru University)

• Factors Affecting Acceptance of Electric Two-Wheelers in India: A Stated Preference Survey

Rahul Chakraborty (National Institute of Public Finance and Policy) Sujoy Chakravarty, (Jawaharlal Nehru University)

Chair: Rahul Chakraborty (National Institute of Public Finance and Policy)

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Session 7(Room 3) • Topic- Theoretical Political Economy 2

• Land, Protest and Civil Society

Abhinandan Sinha, Abhirup Sarkar (Indian Statistical Institute, Kolkata )

• Persistent Protests

Sofia Correa (University of Chile)

• On Why Affirmative Action May Never End and Why it Should Matthew V. Leduc, Philippe Jehiel(Paris School of Economics)

Chair: Matthew V. Leduc (Paris School of Economics)

Session 7(Room 4) • Topic- Econometrics Theory 3

• Identifying Dynamic Discrete Choice Models with Hyperbolic Discounting

Taiga Tsubota (University of Tokyo)

• An Efficient Gibbs Procedure for the Binary Mixed Logit Model Padma Sharma (Federal Reserve Bank of Kansas City),

Kai L. Yoshioka (EViews,IHS Markit), Ivan Jeliazkov (University of California, Irvine)

• Estimation of Time Series Models Using Generalized Spectral Distribution

Weifeng Jin (Universidad Carlos III de Madrid) Chair: Weifeng Jin (Universidad Carlos III de Madrid)

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Session 7(Room 5) • Topic- Decision Theory 2

• Variance in Demand Under Individual Heterogeneity Observable Restrictions and Welfare Computation Raghav Malhotra (University of Warwick)

• Non-Rationalizable Individuals, Stochastic Rationalizability, and Sampling

Changkuk Im, John Rehbeck (The Ohio State University)

• Endogenous social norms: equilibrium and its efficiency Pavel Ilinov, Ole Jann (CERGE-EI)

Chair: Pavel Ilinov (CERGE-EI)

Session 7(Room 6) • Topic- Economics of Domestic Violence

• Impact of Divorce Law Liberalisation on Domestic Violence Shreya Malhotra (Jawaharlal Nehru University)

• Paid Work for Women and Domestic Violence: Evidence from the Rwandan Coffee Mills

Deniz Sanin(Georgetown University)

• Missing Females and the Discourse of Violence- Evidence from India

Purbash Nayak, Dr Suddhasil Siddhanta(Gokhale Institute of Politics and Eco- nomics)

Chair: Purbash Nayak (Gokhale Institute of Politics and Economics) Back to page 1

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Parallel Session 8 • 11:30-13:30, December 18

Session 8(Room 1) • Topic- Banking and Finance 2

• The Effect of Credit Risk on Priority Sector Lending: Does Bank Ownership Matter?

Gagandeep Sharma (Indian Institute of Management Kozhikode)

• Cashless Payment and Financial Inclusion Shumiao Ouyang (Princeton University)

• Banking Sector Expectations and Financial Stability

Arpit Kumar Parija, Vipul Mathur (Indian Institute of Management Calcutta)

• Implications of Banking Regulations on Online Payment Failures Aditi (Ashoka University),

Ganesh Manjhi (Gargi College, University of Delhi), Gaurav Bhattacharya (Jawaharlal Nehru University) Chair: Aditi (Ashoka University)

Session 8(Room 2) • Topic- Economics of Education 2

• The Efficacy of Ability Proxies for Estimating the Returns to Schooling: A Factor Model-Based Evaluation

Mohitosh Kejriwal (Purdue University),

Xiaoxiao Li (University of Ottawa), Evan Totty (U.S. Census Bureau)

• Gender-Gap in Learning Outcomes under Rainfall Shocks: The Role of Gender Norms

Anahita Karandikar (J-PAL South Asia), Aparajita Dasgupta (Ashoka Univer- sity)

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• Determinants of Private Tutoring Demand in India Parul Gupta, Debasis Mondal, Ankush Agrawal (IIT Delhi)

• Female Representation in School Management and School Qual- ity

Bharti Nandwani (IGIDR), Chandan Jain (International Initiatve for Impact Evaluation)

Chair: Bharti Nandwani(IGIDR)

Session 8(Room 3) • Topic- Contest and Conflict

• Equilibrium in a Civilized Jungle Kemal Yıldız (Bilkent University)

Ariel Rubinstein, (Tel Aviv University)

• Decomposition of Accident Loss and Decoupled Liability Assign- ment: A Class of Negligence Rules

Papiya Ghosh ( IIFT Delhi), Rajendra P. Kundu (JNU Delhi)

• Who are We Up Against? Heterogeneous Group Contests with Incomplete Information

Vasudha Chopra, Christian A. Vossler (University of Tennessee, Knoxville), Hieu M. Nguyenb (Illinois Wesleyan University, Bloomington)

• Delegation In Heterogeneous Group Contests With Incomplete Information

Rajib Prasad (Jawaharlal Nehru University), Sujoy Chakravarty Chair: Rajib Prasad (Jawaharlal Nehru University)

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Session 8(Room 4) • Topic- Macroeconomic Theory 2

• Incorporating Diagnostic Expectations into the New Keynesian Framework

Sanjay R. Singh (University of California, Davis) Jean-Paul L’Huillier (Brandeis University), Donghoon Yoo (Osaka University)

• Modelling and Estimating Large Macroeconomic Shocks During the Pandemic

Aldo Paolillo, Stefano Grassi, Luisa Corrado(University of Rome ‘Tor Vergata’)

• Gini in the Taylor Rule: Should the Fed Care About Inequality?

Eunseong Ma (Louisiana State University), Kwangyong Park (Bank of Korea)

• Macroeconomic Asymmetries and The Welfare Cost Of Business Cycles

Emrehan Aktug ( University of Texas at Austin) Chair: Emrehan Aktug (University of Texas at Austin)

Session 8(Room 5) • Topic- Economics of Search

• Labor and Family Dynamics in a Joint-Search Framework: The- ory and Policy Implications

Danila Smirnov, Marta Morazzoni (Universitat Pompeu Fabra)

• Gender Differences in Job Search Behaviour

Srinivasan Murali (IIM Bangalore), S Chandrasekhar (IGIDR), Monisankar Bishnu (ISI Delhi)

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• Constrained Inefficiency in an Intermediated Directed Search Model of the Housing Market

Lalit Contractor (Ashoka University)

• Ambiguity in Job Search

Debojyoti Mazumder, Soumya Bhaduri, Abhinav Narayanan(Reserve Bank of India)

Chair: Debojyoti Mazumder (Reserve Bank of India)

Session 8(Room 6) • Topic- Gender and Labour 2

• Women’s Inheritance Rights and Time Use: Evidence from Hindu Succession Act in India

Tanu Gupta (IGIDR, Mumbai)

• Dropping Out, Being Pushed Out or Can’t Get In? Decoding Declining Labour Force Participation of Indian Women

Jitendra Singh, Ashwini Deshpande(Ashoka University)

• What’s the Worth of a Promise? Evaluating the Longer-term Indirect Effects of a Program to Reduce Early Marriage in India

Shreya Biswas (BITS Pilani), Upasak Das (University of Manchester)

• Maternity Leave and Labour Market Outcomes Purna Banerjee, Debojyoti Mazumder (Reserve Bank of India), Shreya Biswas (BITS, Pilani)

Chair: Purna Banerjee (Reserve Bank of India)

Valedictory and Award

22:15-22:30, December 18 • Session link/room Back to page 1