Invited Session of the Standing Field Committee of Industrial Organisation
Tomaso Duso (DIW Berlin): "The Value of Data: Evidence from Web Tracking“
Özlem Bedre-Defolie (ESMT): "Hybrid Platform Model“
Martin Peitz (Mannheim University): "Network Goods, Price Discrimination, and Two-sided Platforms“
This is the invited session of the Committee for Industrial Economics (Industrieökonomischer Ausschuss), which investigates the economics underlying varies business strategies employed by the Big Tech firms and their welfare implications.
Julian Hinz (Bielefeld University): "Après-ski: The Spread of Coronavirus from Ischgl through Germany"
Alessandro Sforza (Bologna University): "Globalization in the Time of COVID-19"
Volker Nitsch (Darmstadt University): "Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments"
A global pandemic, such as Covid-19, has considerable implications for cross-border economic activities. A growing literature, therefore, examines the impact of the pandemic, and of measures taken in response to the disease, on international interactions, including travel, trade, supply chains and capital flows.
In this session, three recent contributions in this line of research are presented and discussed. The papers cover various international aspects of the Covid-19 pandemic from a German perspective.
Raavi Aggarwal (MCC Berlin): "Carbon pricing and household welfare: Evidence from Uganda"
Jann Lay (GIGA): "Stepping down the ladder: The unintended impacts of fossil fuel subsidy removal in a developing country"
Jörg Peters (RWI): "Energy efficiency and local rebound effects"
The Global South including Africa are increasingly in the focus of debates in climate policy. Because of growing carbon emissions and lock-in effects related to infrastructure and power plant investments, there are prominent claims for immediate policy action, for example through carbon pricing. Yet, little is known about the potential the distributional effects and how these instruments generally interact with poverty alleviation. While first-order distributional effects seem to be generally progressive, there is a concern that especially poor households might be forced back into the use of traditional biomass by higher prices for modern fuels, with adverse effects on health, education and gender. Thus, there is a potential trade-off between climate policy and development goals. In this session, we examine selected aspects of the climate-development relationship and climate policies in Sub-Sahara Africa. Three empirical papers examine climate policies in Ghana, Uganda, and Rwanda.
Diemo Dietrich (Newcastle University): "Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets"
Toni Ahnert (Bank of Canada & CEPR): "Bank Runs, Bank Competition and Opacity"
Simon Niederauer (Deutsche Bundesbank): ""Banks‘ Net Interest Income and Their Behavior in a Prolonged Low Interest Rate Environment: Evidence from a Quantitative Survey of German Banks"
Katharina Momsen (Innsbruck University): "Ignorance, Intention and Stochastic Outcomes"
Michael Eichenseer (Regensburg University): "Leading-by-Example in Public Goods Experiments: What do we know?"
Andrej Woerner (LMU Munich): "Comparing Crowdfunding Mechanisms: Introducing the Generalized Moulin-Shenker Mechanism"
Tobias Wendler (Bremen University): "Natural Resources and Technology - On the Mitigating Effect of Green Tech"
Hanna Adam (Bayreuth University): "Subnational Income Growth and International Border Effects"
Holger Strulik (Göttingen University): "Testing Unified Growth Theory: Technological Progress and the Child Quantity--Quality Trade-off"
Leandro Navarro (Mainz University): "Multinational Firms' Organisational Dynamics: Competition Intensity and the Ownership decision Under Uncertainty"
Christian Fischer-Thöne (Bayreuth University): "Institutional Reform and Global Value Chains"
Peter Eppinger (Tübingen University): "Decoupling Global Value Chains"
Björn Kauder (Institut der deutschen Wirtschaft): "Rewarding Conservative Politicians? Evidence From Voting on Same-Sex Marriage
Justus Nover (ZEW & Mannheim University): "Yardstick Competition in Education Policy: Experimental Survey Evidence from German Citizens"
Sebastian Schmidt (Göttingen University): "Is Davos More Than a Boondoggle?"
Niklas Isaak (RWI): "Older Women in Germany Would Work Longer if Jobs Were Flexible - the Role of Working Time Regulations for Employers’ Hours Constraints"
Ziwei Rao (Groningen University): "Do Children Prevent Their Poor Old Parents From Working?"
Sarah Gust (ifo): "The Austrian Pay Transparency Law and the Gender Wage Gap"
Florian Exler (Vienna University): "Naïve Consumers and Financial Mistakes"
Annika Bacher (EUI): "The Gender Investment Gap over the Life-Cycle"
Caterina Mendicino (ECB): "Tighter Credit and Consumer Bankruptcy Insurance"
Charlotte Gerling (Brandenburg University of Technology): "Modelling the Cost-Effective Spatio-Temporal Allocation of Conservation Measures in Agricultural Landscapes Facing Climate Change"
Malte Welling (IÖW): "Information, Consequentiality and Credibility in Stated Preference Surveys: A Choice Experiment on Climate Adaptation"
Susann Adloff (Kiel University): "Adapting to Climate Change: Threat Experience, Cognition and Protection Motivation"
Armin Schmutzler (Zurich University): "Killer Aquisitions and Beyond: Policy Effects on Innovation Strategies"
Christian Siemering (MIK): "A Model of Endogeneous Targeting in Duopoly"
Markus Dertwinkel-Kalt (Konstanz University): "Third-Degree Price Discrimination in Oligopoly When Markets Are Covered"
Markus Nagler (Erlangen-Nürnberg University): "Can Peer Mentoring Improve Online Teaching Effectiveness? An RCT During the COVID-19 Pandemic"
Larissa Zierow (ifo): "COVID-19 and Educational Inequality: How School Closures Affect Low- and High-Achieving Students"
Malte Sandner (IAB): "The Impact of Covid-19 Related School Policies on Students in Their Final High School Years"
Lena Sophia Müller (Erlangen-Nürnberg University): "Talking in a Language That Everyone Can Understand? Transparency of Speeches by the ECB Executive Board"
Johannes J. Fischer (EUI): "Does Monetary Policy Affect Mergers and Acquisitions?"
Marius Clemens (DIW Berlin & Potsdam University): "Temporary VAT Reduction during the Lockdown - Evidence from Germany"
Holger Stichnoth (ZEW): "Allocating Collective Expenditure: The Case of Education"
Sebastian Becker (DIW Berlin & FU Berlin): "Responses to Unexpected and Permanent Changes in Pension Income"
Johannes König (DIW Berlin): "Born in the Land of Milk and Honey: The Impact of Economic Growth on Individual Wealth Accumulation"
Taisuke Imai (LMU Munich): "Meta-Analysis of Empirical Estimates of Loss-Aversion"
Philipp Händel (Kassel University): "The Effects of Social Information and Luck on Risk Behavior of Small-Scale Fishers"
Helen Zeidler (Catholic University Eichstaett-Ingolstadt): "Do Time Preferences Differ in Consumption Goods? Evidence from an Artefactual Field Experiment"
Helmut Lütkepohl (DIW Berlin & FU Berlin): "Heteroskedastic Proxy Vector Autoregressions"
Lars Winkelmann & Wenying Yao (FU Berlin & Deakin University): "Cojump Anchoring"
Ansgar Quint (Göttingen University): "International Trade and Tax-Motivated Transfer Pricing"
Nora Paulus (Trier University): "The Anti-Tax-Avoidance-Directive: An Initiative to Successfully Curb Profit Shifting?"
Nils Wehrhöfer (ZEW Mannheim & Mannheim University): "Direct, Spill-Over and Welfare Effects of Regional Subsidies for Firms"
Barbora Sedova (PIK): "Global Food Prices, Local Weather and Migration in Sub-Saharan Africa"
Arndt Reichert (Hannover University & The World Bank): "Climate Anomalies and International Migration: A Disaggregated Analysis for West Africa"
Joop Adema (ifo): "3G Internet Access and the Desire to Emigrate: Global Evidence"
Frauke von Bieberstein (Bern University): "Keep Your Eyes on the Prize: How to Make Penalty Contracts Work"
Simeon Schudy (LMU Munich): "Tournament Incentives and Team Performance in Non-Routine Analytical Team Tasks"
Keynote I on "Economic policy on climate change" by William Nordhaus
Speaker: William Nordhaus (Yale University)
Moderation: Klaus Schmidt (LMU)
First, there has been little progress in slowing emissions over the last two decades as seen both in carbon pricing and emissions intensity.
Second, one of the major challenges facing the transition to a low-carbon global economy is the development of new low-carbon technologies; and there is a particular challenge of poor incentives for low-carbon technologies because of low private returns to innovation.
Third, a key part of a strong climate policy is a high, rising, and harmonized price of carbon in all sectors and countries.
Fourth, current approaches to international climate policy are failing; indeed they are at dead end. Countries should design and join an international climate club to combat free riding.
Panel on "From a political advisor to a politician"
Martin Kocher was Professor of Behavioral Economics at the University of Vienna and Director of the Institute for Advances Studies (IHS) Vienna before he was appointed Federal Minister of Labor in the Austrian Federal Government in early 2021. In his keynote speech and the subsequent discussion, he will report on the experiences of his change of perspective: from economic policy advisor to politician during the Corona crisis. Together, we also want to discuss current challenges of the crisis for the labor market and what lessons we can learn from this crisis for labor and skills of the future.
Moderation:
Clemens Fuest (ifo Munich)
Keynote II on "Pledge-and-Review Bargaining: From Kyoto to Paris" by Bard Harstad
Speaker: Bard Harstad (Oslo University)
Moderation: Astrid Dannenberg (Kassel University)
To improve on global climate policies, we must better understand past and present treaties. The agreements signed in Kyoto (1997) and Paris (2015) are associated with different bargaining procedures, participation levels, and enforcement mechanisms. The choice of procedure changed over time, and yet the commitment period length was and is five years. To shed light on these five facts, this lecture presents a dynamic game with endogenous technology, participation, enforcement, contract terms, and bargaining procedure. The theoretical predictions are consistent with all five facts.
JOHANN HEINRICH V. THÜNEN LECTURE
Michele Tertilt (Mannheim University) on "Covid19 and Gender Equality in the Workplace"
Moderation: Nicola Fuchs-Schündeln (Goethe University Frankfurt)
HERMANN HEINRICH GOSSEN AWARD CEREMONY
by Georg Weizsäcker (Chairman of the Verein für Socialpolitik)
The Hermann Heinrich Gossen Prize of the Verein für Socialpolitik is endowed with € 10,000 and is awarded once a year to an economist from the German-speaking world whose work has gained international recognition.
The prize aims to promote the internationalization of German economics. The most important yardstick for the awarding of the prize are publications in internationally recognized journals.
The prize is named after the Prussian lawyer Hermann Heinrich Gossen (1810 -1858). With his work "Die Entwicklung der Gesetze des menschlichen Verkehrs, und der daraus fließenden Regeln für menschliches Handeln" (The development of the laws of human traffic and the resulting rules for human action), which was poor in adherents at his time due to the high degree of mathematisation, Gossen is regarded as one of the most important forerunners of the modern school of marginal utility.
The Johann Heinrich von Thünen Lecture has been an important part of the annual meetings since 1986.
Johann Heinrich von Thünen (1783-1850) was a noted German agronomist, economist and social reformer from Mecklenburg. His “ring model” of agricultural land use is an early example of applied economic geography. Other notable work of Thünen addressed the notion of a "natural wage". He is one of the pioneers of applying marginal principles to the solution of optimization problems in economics.
The Thünen Lecture is given at the invitation of a commission of the Executive Council and honors distinguished members of the Verein für Socialpolitik or other persons and their academic achievements in Economics in the German-speaking world. The topic of the presentation is determined by the lecturer.
A list of previous speakers and topics can be found here: https://www.socialpolitik.de/en/johann-heinrich-von-thuenen-vorlesung
Panel on "What implications does climate change have for central banks?"
Climate change and the policies addressing it have a profound impact on global economies and financial markets. As a consequence, they also have implications for the conduct of monetary policy, In recognition of these challenges, the ECB recently published an action plan to include climate change considerations in its monetary policy strategy. This panel will discuss the implications of climate change for central banks from the perspectives of science, policy, and civil society.
Panel discussion:
• Ottmar Edenhofer (Director and Chief Economist of the Potsdam Institute
for Climate Impact Research)
• Sylvie Goulard (Banque de France)
• Gerhard Schick (Finanzwende gGmbH)
Moderation:
Emanuel Moench (Federal Bank of Germany)
Invited Session of the Standing Field Committee of Macroeconomics
Gernot Müller (Tübingen University): "The Coronavirus Stimulus Package: How large is the transfer multiplier?"
Allmuth Balleer (Aachen University): "Demand or supply? Price Adjustment
This is the invited session of the makroökonomischer Ausschuss.
The focus of this session is on the global Recession following the Corona pandemic and on policy response to it.
Ulrich Wagner (Mannheim University): "Lobbying for Free Allowances in the EU ETS"
Stefan Lamp (Toulouse University): "Energy Tax Exemptions and Industrial Production"
Kathrine v. Graevenitz (ZEW): "The Effect of Network Charges on German Manufacturing Plants"
The session focuses on the effectiveness and political economy of climate change regulations in the German manufacturing sector. The papers study the main policy-driven determinants of energy and electricity costs for the manufacturing sector: the renewable energy surcharge, electricity network charges, and the Emissions Trading Scheme (EU ETS). The first paper (Gerster & Lamp) quantifies effects of exemption from the renewable energy surcharge on production levels, employment, and input choices. The second paper (v. Graevenitz & Rottner) examines the effects of electricity network charges on electricity use, hours worked, revenues and exports. The third paper (Fadl et al.) contributes first empirical evidence on lobbying efforts exerted by manufacturing firms regulated in the EU ETS at EU institutions and the amount of pollution permits those firms receive free of charge to compensate them for adverse effects on competitiveness.
Jan Sauermann (IFAU Uppsala): "Assessing Selection Bias in Non-experimental Estimates of the Returns to Workplace Training"
Fabian Bald (Duisburg-Essen University): "Quality of Life in a Dynamic Spatial Model"
Lena Tonzer (Halle Institute for Economic Research): "Cultural Norms and Corporate Fraud: Evidence from the Volkswagen Scandal"
Frauke Stehr (Maastricht University): "Making Up for Harming Others — An Experiment on Voluntary Compensation Behavior"
Bastian Westbrock (FernUniversität Hagen): "Social Preferences on Networks"
Gari Walkowitz (TU Munich): "Regional Differences in Social Preferences and Beliefs – Evidence from an Interactive Online Experiment in Russia"
Melanie Häner (Lucerne University): "The Name Says It All. Multigenerational Social Mobility in Switzerland, 1550-2019"
Natalie Laub (IAW): "The Minimum Wage: An Effective Means to Regain the Electorate’s Confidence?"
Kim Leonie Kellermann (Münster University): "Trust We Lost: The Treuhand Experience and Political Behavior in the Former German Democratic Republic"
Tim Vogel (Bochum University): "Trade Liberalization, IMF Conditionality and Policy Substitution in Developing Countries"
Ulrich Schetter (Harvard University): "A Structural Ranking of Economic Complexity"
Sven Steinkamp (Osnabrück University & Institut für Empirische Wirtschaftsforschung): "Development Aid and Illicit Capital Flight: Evidence From Nepal"
Anna Zaharieva (Bielefeld University): "Optimal Promotions of Competing Firms in a Frictional Labour Market with Organizational Hierarchies"
Boris Hirsch (Lüneburg University): "Organised Labour, Labour Market Imperfections, and Employer Wage Premia"
Ines Helm (Stockholm University): "Firm Expansion in Imperfect Labor Markets"
Stefanie Schmitt (Bamberg University): "Unaware Consumers and Disclosure of Deficiencies"
Johannes Schneider (Carlos III Madrid University): "A Quest for Knowledge"
Markus Fels (TU Dortmund): "Why Do People Buy Insurance? A Modern Answer to an Old Question"
Ani Guerdjikova (Grenoble Alpes University): "Optimism Leads to Optimality: Ambiguity in Network Formation"
Elisabeth Schulte (Marburg University): "Firm Liability When Third Parties and Consumers Incur Cumulative Harm"
Tim Friehe (Marburg University): "Product Liability and Strategic Delegation: Endogenous Manager Incentives Promote Strict Liability"
Maximilian Anders (Postdam University): "How Do Sanctions Work? The Choice Between Cartel Formation and Tacit Collusion"
Michael Pflüger (Würzburg University): "City Size, Pollution and Emission Policies"
Rainald Borck (Potsdam University): "Energy Policies and Pollution in Two Developing Country Cities: A Quantitative Model"
Eduard Brüll (ZEW Mannheim): "The Willingness to Pay for Urban Amenities. Evidence From a Survey Experiment in Germany"
Eva Raiber (Aix-Marseille School of Economics): "Anticipated Children and Educational Investment: Evidence from the One-Child Policy in China"
Hanno Foerster (Boston College): "Job Displacement, Remarriage, and Marital Sorting"
Andreas Leibing (DIW Berlin): "Pre-College Gender Gap in Wage Expectations: What Drives Differential Beliefs about Future Earnings?"
Moritz Lubczyk (ZEW Mannheim, IAB & Zurich University): "The Big Sell: Privatizing East Germany's Economy"
Ralf Meisenzahl (Federal Reserve Bank of Chicago): "The Research University, Invention, and Industry: Evidence from German History"
Charlotte Bartels (DIW Berlin): "The distribution of wealth in Germany, 1895-2018"
Kathrin Wernsdorf (Max Planck Institute for Innovation and Competition): "ICT, Collaboration, and Science-Based Innovation: Evidence from BITNET"
Martin Kalthaus (Jena University): "The Process Of Academic Spin-Off Creation: From Research Activity To Entrepreneurial Venture“
Patrick Lehnert (Zurich University): "Innovation Effects and Knowledge Complementarities in a Diverse Research Landscape“
Sarah Spycher (Bern University): "Strategic Delegation in the Formation of Modest International Environmental Agreements"
Jan Schneider (Oldenburg University): "Climate Policies after Paris: Pledge, Trade, and Recycle"
Mark Schopf (Hagen University): "Pledge and Review Bargaining in Environmental Agreements: Kyoto vs. Paris"
Maximilian Pöhnlein (Erlangen-Nürnberg University): "Tax Competition Effects of a Minimum Tax Rate: Empirical Evidence from German Municipalities"
Luisa Dörr (ifo): "Fiscal Consequences of Municipal Mergers"
Eckhard Janeba (Mannheim University): "Consistent Flexibility: Enforcement of Fiscal Rules Through Political Incentives"
Henning Hermes (NHH Bergen): "A Low-cost and Easily Scalable Self-regulation Intervention Causes Lasting Improvements and Affects Children’s Long-term Educational Career Paths"
Mira Fischer (WZB Berlin): "Investigating the Effects of a Mindfulness Meditation Program on Academic Performance"
Benjamin Arold (ifo): "Can Centralizing Education Standards Raise and Align Student Achievement? Evidence from the Common Core of State Standards"
Bertram I. Steininger (KTH Royal Institute of Technology): "Conventional or Reverse Magnitude Effect for Negative Outcomes: A Matter of Framing"
Wladislaw Mill (Mannheim University): "MyPortfolio: The IKEA Effect in Financial Investment Decisions"
Thomas Nitschka (Swiss National Bank): "Habits die hard: implications for bond and stock markets internationally"
Aleksandar Zaklan (DIW Berlin): "The Impact of ECB Corporate Sector Purchases on European Green Bonds"
Ulrich Eydam (Potsdam University): "The Distributional Implications of Climate Policies under Uncertainty"
Francesca Diluiso (Mercator Research Institute on Global Commons and Climate Change): "Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy"
Janna Axenbeck (ZEW): "Climate Protection Potentials of Digitalized Production Processes: Microeconometric Evidence?“
Mara Barschkett (German Institute for Economic Research): "Intergenerational Effects of Grandparental Care on Children and Parents"
Arnim Seidlitz (HU Berlin): "Effects of Motherhood and Selection into Motherhood: Revisiting the 2007 Parental Benefits Reform in Germany"
Michael Oberfichtner (IAB): "Who Benefits From Cash-For-Care? The Effects of a Home Care Subsidy on Maternal Employment, Childcare Choices, and Children’s Development"
Thomas Pauls (Frankfurt University): "The impact of temporal framing on the marginal propensity to consume“
Thi Xuyen (Hamburg University): "Typhoon and Agricultural Production Portfolio -Empirical Evidence for a Developing Economy“