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25th NES Research Conference
April 16-18, 2009
Thursday, April 16
10:10 – 10:20
10:20 – 11:40
А (521)
Registration
(room. 521)
Chairman: Andrei Markevich
Project leader: Irina Denisova
Session 1
В (520)
Family endowments and demographic and labor
market outcomes
Chairman: Ruben Enikolopov
Project leaders: Valery Makarov, Alexei Savvateev, Konstantin
Sonin Game Theory: Networks and Coalitions
Zhukova Alexandra: Competition of retail chains
Kazantsev Alexandr: Coalition formation and redistribution
of power in political games
Irek Kalmetiev: Coalition formation for risk diversification
with possibility of agents to save
Koval Dmitry: The problem of the dictator and viziers: the
loyalty-competence- tradeoff
Bondarenko Maxim: Do Russian Households
Smooth Their Consumption?
Konkova Maria: Educational choice: micro analysis
Frolov Nikolay: Labor market experience of former
military draftees: Russian experience
Shutka Sergey: The role of private transfers for
Russian households
11:40 – 12:00
Coffee/Tea (first floor)
12:00 – 13:40
Session 2
В (520)
А (521)
Chairman: Irina Denisova
Chairman: Maria Petrova
Project leaders: Paul Dower, Andrei Markevich,
Project leaders: Valery Makarov, Alexei Savvateev, Konstantin
Ekaterina ZhuravskayaTopics in economic history Sonin Game Theory: Networks and Coalitions
Pozdova Natalya: Stability of a Cartel at different auction
and development
Govorun Andrey: Agricultural performance in
formats
Russian Empire in the 19th century
Skiba Elena:
Kudinov Anton: Persistent effect of the Pale of
Shayakhmetov Marat: Group formation for agents with
Settlement
different production opportunities
Project leader: Alexei Devyatov
Moria Oleg: Economic determinants of Russian
internal migration at the end of 19th century
Modeling and forecasting the Russian economy
Nekorkin Alexey: ”Winners” and “losers” from
Skopintsev Sergey: A structural model of the Russian
transition
economy with current account block, retail trade block, soft
Provizion Mikhail: Влияние религии на
balance constraints and penalty functions
отношение сельского населения к социальным
институтам
13:40 – 15:00
15:00 – 16:40
А (521)
Lunch Break (Lunch is provided to faculty members on the first floor)
Session 3
Chairman: Alexei Devyatov
Project leaders: Paul Dower, Andrei Markevich, Ekaterina
Zhuravskaya Topics in economic history and
development
В (520)
Chairman: Konstantin Sonin
Project leader: Sergei Izmalkov
Design and Analysis of Trading Processes
Agrenenko Alexey: Analysis of the Social Housing
Procurement Auctions Conducted by the Government
Rivkin Sergey: Industrialization, zemskie expenditure and
of Moscow
Russian cites in the second part of the 19th century
Artimenja Dmitriy: Internet advertising auctions: the
Sidorovsky Evgeny: Political Loyalty or Economic
analysis of strategic behavior of large players
Performance: What Was the Main Factor for Political
Gusev Dmitry: Evaluation of potential inefficiencies
Turnovers in the USSR?”
at U.S. Treasury auctions
Ukhaneva Olga: Impact of Ekaterina’s the Second
Administrative Reform on Economic Performance of Russian Kotsur Olga: Why does IPO Bookbuilding method
prevail over Auctions? Long-term vs. short-term
Cities
underpricing
Tsukanov Alexey: Who likes United States of America in
Khusainova Irina: Investigation of firms’ optimal
Russia?
policy under emission restrictions
Chernina Evgeniya: Stolypin agrarian reform and peasant
migration to Siberia
16:40 – 17:00
Break
17:00 – 18:30, room 521
Distinguished Lecture:
Chairman: Victor Polterovich
Sudipto Bhattacharia (Professor of Finance at the London School of Economics):
"Banking Theories and the Current Crisis"
18:30, room 520 Wine&Cheese
Friday, April 17
10:00 – 12:00
А (521)
Session 4
Chairman: Alexei Goriaev
Project leaders: Andrei Bremzen, Sergei Guriev, Anton
Suvorov Economics of experience goods, collaborative
filtering and other topics in microeconomics
В (520)
Chairman: Oleg Zamulin
Project leaders: Victor Polterovich, Vladimir Popov
Appropriate economic policies at different stages of
catch-up development: threshold mechanisms
Vakhrutdinova Yulia: The effect of the real cost of rouble
Krasnikov Yury: Research of threshold nature of
on incentives to conceal wages: the empirical analysis of
economic growth under uncertain costs of adaptation
RLMS data
Paramonova Julia: Escaping from Underdevelopment
Zakharov Konstantin: Firm’s mission choice problem on
Trap
the labor market with unobserved agent’s type
Prilepskiy Ilya: Capital Controls, Foreign Direct
Krayshkin Yuriy: Employee on-the-job and off-the-job
Investment, and Economic Growth
training
Pikulina Elena: Institutions and Absorptive Capacity
Kucheryavyy Konstantin: Variations in users’ behavior
Saraeva Elena: Imitation of technologies and
among different types of collaborating filtering networks
underdevelopment traps
Lavrinenko Katherine: Empirical analysis of imperfect
Fedorov Nikolay: Vertical integration, outsourcing and
competition in financial markets and capital structure
technical adoption
Moskvin Andrey: The Fear of Losing Face
12:00 – 12:20
Coffee/Tea (first floor)
12:20 – 14:20
Session 5
А (521)
Chairman: Victor Polterovich
В (520)
Chairman: Sergei Izmalkov
Project leaders: Andrei Bremzen, Sergei Guriev, Anton
Project leaders: Ruben Enikolopov, Alexei Goriaev, Maria
Suvorov Economics of experience goods,
Petrova Politics and Finance
Akhunianov Irek: Transparency and Firm Value: Evidence
collaborative filtering and other topics in
from the Financial Crisis 2007 - 2009
microeconomics
Goncharov Yaroslav: Rescue of Economics by the Stock
Novikov Dmitry: Russian Internet-based Dating
Market Manipulation: Evidence from Russian Government
Analysis: To Pay Or Not To Pay?
Intervention
Rubanov Oleg: Partition of All-Pay Contests
Zagorodnov Kirill: Investigation on efficiency of lobbying
Sazanov Aleksey: Identity-specific investments and
expenditures and campaign contributions on law formation in
group formation
USA
Steblyuk Andrey: Peer Effects for NES Students:
Kamenskich Marina: Vulnerability to Political Risks: the Case
Impact on GPA for Dorm Roommates
of Russia
Sytnova Oksana: Incentives in Fundamental
Nasonov Victor: Political risks and the composition of
Research: Absolute Advantage versus Relative
international capital flows during the financial crisis of 2007Advantage
2009
Tsoi Anton: Endogenous information in global
Usanov Yuri: Insider trading by politicians: evidence from
games: an example
Russia
14:20 – 15:20 Lunch Break (Lunch is provided to faculty members on the first floor)
15:20 – 16:40
Session 6
А (521)
Chairman: Anton Suvorov
В (520)
Chairman: Dmitry Makarov
Project leader: Tatiana Mikhailova
Project leaders: Ruben Enikolopov, Alexei Goriaev, Maria
Regional Migration and Regional Development
Petrova Politics and Finance
Vazhnin Pavel: Spatial interactions among Russian
Uraskulov Eduard: Influence of Political Expectations on
cities 1923-2000
Performance of Defense Industry
Goryachikh Kirill: The role of politically connected
Mironets Ivan: Lobbying and Stock Volatility: Evidence from
firms in the economy of Russian regions
the Financial Crisis 2007 - 2008
Minaeva Olga: Russian Regional Convergence:
Menyashev Rinat: The Effect of President's Personality on
Influence of Migration
the Stock Markets in Case of Russian Presidential Elections of
Staroverov Aleksandr: An empirical model of
2008
location choice: application to market of appliances
Koshelev Andrey: The impact of news on default and
liquidity components of sovereign dollar-denominated
eurobond spreads in emerging markets during the 2008
financial crisis
16:40 – 17:00
Break
17:00 – 18:30, room 521
Keynote Address:
Chairman: Sergei Guriev
Zeljko Bogetic (World BankLead Economist for Russia):
“A View on The Impact of the Global Crisis on Russia and Policy Response”
18:30, room 520 Wine&Cheese
Saturday, April 18
Session 7
Chairman: Pavel Katyshev
В (1121-1)
Chairman: Grigory Kosenok
Project leaders: Anatoly Peresetsky, Alexander Karminsky
Project leader: Stanislav Anatolyev
10:30 – 11:50
А (521)
Trend of the banking sector in Russia and bank ratings
Bakhtin Kirill: The measurement and the comparison of
technical efficiency of Russian manufacturing and trade
companies
Kozlov Evgeny: The links between economic performance
of the Russian regions and the development of regional
banking systems
Makovetskaya Marta: Probability of Default Models for
Russian Banking Sector
Neyshtadt Igor: Russian banking: A relation between
deposit interest rates and risk
Predictability and trading strategies in financial
markets
Kryzhanovskaya Natalia: Different approaches to
return sign forecasting under asymmetric loss function
Krupskii Pavel: On financial time-series direction-ofchange forecast using copulas with time-varying
parameters
Reukova Elena: Direct and Iterated Forecasting of
Binary Time Series Based on Adaptive
Combination Approach
Mikheev Stanislav: Different measures of risks and
their influence on returns
11:50 – 12:10
Coffee/Tea (first floor)
12:10 – 13:30
Session 8
А (521)
Chairman: Vyacheslav Gorovoy
В (1121-1)
Chairman: Sergey Stepanov
Project leader: Dmitry Makarov
Project leader: Oleg Zamulin
Topics in portfolio choice theory
Vilenskaya Olga: Strategic Asset Allocation under Different
Investment Opportunities
Goncharov Sergey: Optimal effort allocation under varying
market perception of manager’s skills
Sidelnikov Sergey: Fund family interaction and inflows
Sorokin Valery: Optimal leverage under volatility shocks
13:30 – 13:50
13:50 – 14:50
В (520)
Break
Session 9
Chairman: Stanislav Anatolyev
Project leaders: Grigory Kosenok, Sergey Stepanov
Mergers and Acquisitions and Some Other Topics
in Microeconomics
Goryunov Eugene: Reputation acquisition by financial
intermediary in the market of equity offerings
Zaitcev Dmitry: Effects of managerial compensation
on acquisition decisions when investors are irrational
Smyslov Anton: Location Choice in Two Countries:
Symmetric and Asymmetric Tariffs
14:50
Closing
Business Cycles in Emerging Markets
Baranov Alexander: Overheating and
Overconsumption in developing countries
Zakolyukin Yaroslav: House prices and interest rates
Nelyubina Natalia: Inflation Stabilization: Crucial
Factors for Sucess
Safronov Mikhail: The influence of decrease of oil
price on Russian GDP