EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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WELCOME MESSAGE On behalf of Nova School of Business and Economics we are delighted to welcome you in Lisbon to the 43rd Annual Conference of the European Association for Research in Industrial Economics. We wish to express gratitude to everybody who generously contributed to the success of this event. First, we are grateful to Alessandro Gavazza, for setting up a scientific programme of excellent quality. Second, we are grateful to the members of the scientific committee who helped Alessandro in his demanding job of selecting the very best papers for this event. Foremost, we would like to thank Patrícia Poças (Nova SBE) and Mundiconvenius for their ceaseless efforts to make everything run smoothly, and Ene Kannel (EIASM) for her invaluable input along the process. We would also like to thank our sponsors CRAI, Anacom, Banco de Portugal and E.CA for their kind donations and helping us to make this conference a success. The 43rd Conference of the EARIE offers an excellent opportunity for researchers and professionals interested in Industrial Economics to exchange new views and discuss both theoretical and applied problems. The conference includes eight parallel sessions, six Rising Stars sessions, twelve invited speakers and three keynote speakers: Susan Athey (Stanford University), Steven Tadelis (University of California, Berkeley), and the outgoing EARIE president John Sutton (LSE).

We hope you enjoy the conference and wish you a very pleasant stay in Lisbon. The EARIE 2016 LOC: Carlos Santos, Guido Maretto, Duarte Brito, Patrícia Poças, Steffen Hoernig (chair)

If you need help please call: Steffen Hoernig: (+351) 964 409 677 Patrícia Poças: (+351) 919 234 352

Sponsors

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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CONTENTS 2

FLOOR MAPS

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WELCOME MESSAGE

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NOVA SBE

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GENERAL INFORMATION

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SCIENTIFIC COMMITTEE

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YOUNG ECONOMISTS’ ESSAY AWARDS

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KEYNOTE SPEACHES

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INVITED SESSIONS

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RISING STAR SESSIONS

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INFORMATION FOR SPEAKERS

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DETAILED PROGRAMME

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Friday, August 26th

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Saturday, August 27th

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Sunday, August 28th

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INDEX OF PRESENTERS

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INFORMATION ABOUT LISBON AND PORTUGAL

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CAMPUS AND CITY MAPS

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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NOVA SBE The 43rd EARIE Annual Conference is organized by Nova School of Business and Economics. Nova School of Business and Economics is the most prestigious Portuguese school in the areas of Economics and Management. It is a triple crown-accredited school with three Masters programs and Executive Education programs in the FT rankings, and classified as a Universal Business School (5 Palmes) with 11 Masters among the best in the Eduniversal rankings. Nova SBE is also a member of the prestigious CEMS network having won twice the title of CEMS School of the year (2010, 2011). Since its establishment in 1976, it has been a pioneer in Portugal in several areas, being the first to offer a fulltime MBA program (1982), the first to start teaching in English and the first to be internationally accredited (EQUIS 2004). Nova School of Business and Economics has stepped up its activity at the international level, not only as an institution but also in terms of its program portfolio. It has founded is 2009 a business school in Africa - Nova Angola Business School -, offers the only FT-ranked MSc in Finance in Brazil, and implemented Executive Education programs in such diverse locations as Mozambique, Brazil and Northern and Eastern Europe

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

GENERAL INFORMATION Conference Venue Nova School of Business and Economics Campus de Campolide 1099-032 Lisboa Portugal Registration and assistance The registration desk is located at the entrance of the Nova SBE building. Programme changes General announcements, last-minute changes and updates to the programme will be displayed on the message board next to the registration desk. Badges Your name badge signals your admission to the conference, please make sure you wear it at all times, also during social events. Conference assistants In the conference venue there are conference assistants which will help you find your way around and with problems in conference rooms. Catering Lunches and coffee breaks are held in the tents behind Nova SBE. Conference Rooms All rooms are equipped with a PC with USB ports, Microsoft Office, Adobe Acrobat Reader, projector, and a screen. Campus Access The main entrance to the campus will be closed for cars on Sunday, but there is a secondary access on Travessa Estêvão Pinto. Internet connection at the Conference venue In the conference venue, you will be able to access the Internet via WiFi. WIFI: All users who have access to the Eduroam wireless network should preferably use their own accounts. If you do not have an Eduroam account, please use the following login data: Network eduroam Username: [email protected] Password: $989a88s This network can be used at any location with wireless coverage on campus. Registration fee The registration fee includes EARIE Membership, admission to all scientific sessions, conference materials (congress bag, badge, programme, etc.), certificate of participation, coffee breaks and luncheons, admission to welcome cocktail and conference dinner.

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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SCIENTIFIC COMMITTEE The Scientific Committee for EARIE 2016 is chaired by Alessandro Gavazza (London School of Economics). He is a co-editor of the Journal of Industrial Economics and a research fellow of the CEPR. His research focuses on the role of frictions in markets. He has also studied the role of information in elections, and the interactions between labor and healthcare markets. His research has been published in the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies. Head: Alessandro Gavazza Victor Aguirregabiria (U Toronto) Simon Peter Anderson (U Virginia) John Asker (UCLA) Heski Bar-Isaac (U Toronto) Pedro Pita Barros (Nova Lisbon) Michael Baye (Kelley School of Business) Paul Belleflamme (Université Catholique de Louvain) Gary Biglaiser (U North Carolina) Francis Bloch (Paris School of Economics) Jan Boone (Tilburg U) Bart J. Bronnenberg (Tilburg U) Luis Cabral (NYU Stern) Giacomo Calzolari (U Bologna) Carlo Cambini (Florence School of Regulation) Bruno Cassiman (IESE) Federico Ciliberto (U Virginia) Sofronis Clerides (U Cyprus) Pascal Guy Courty (U Victoria) Gregory S Crawford (U Zurich) Jan De Loecker (Princeton U) Vincenzo Denicolo (U Leicester) Pierre Dubois (Toulouse School of Economics) Liran Einav (Stanford U) Alon Eizenberg (Hebrew U) Winand Emons (U Bern) Susanna Esteban (Barcelona Graduate School of Economics) Natalia Fabra (Carlos III Madrid) Rosa Ferrer (Universitat Pompeu Fabra) Arthur Fishman (Bar-Ilan U) Chiara Fumagalli (Bocconi U) Philippe Gagnepain (PSE) Juanjo Ganuza (Universitat Pompeu Fabra) Alessandro Gavazza (LSE) Thomas Paul Gehrig (U Vienna) David Genesove (Hebrew U) Matthew Gentry (LSE) Jacob Goeree (University of Technology Sydney) Dietmar Harhoff (Max-Planck Munich) Paul Heidhues (ESMT) Steffen Hoernig (Nova SBE, Lisbon) Elisabetta Iossa (Università degli Studi di Roma) Maarten Janssen (U Vienna) Doh-Shin Jeon (U Toulouse) Ulrich Kaiser (U Zurich) Myrto Kalouptsidi (Princeton U) Tobias Kretschmer (LMU Munich) Saul Lach (The Hebrew U of Jerusalem) Patrick Legros (ECARES)

Gerard Llobet (CEMFI) Inés Macho-Stadler (Barcelona Graduate School of Economics) Christian Michel (Universitat Pompeu Fabra) Jeanine Miklos-Thal (U Rochester) Jose L. Moraga-Gonzalez (VU U Amsterdam) David P Myatt (LBS) Kathleen Nosal (U Mannheim) Hans-Theo Normann (DICE Düsseldorf) Carlos Esteban Noton (Universidad de Chile) Marco Ottaviani (Bocconi U) Martin Peitz (U Mannheim) Pedro Pereira (CEFAGE) Helena Perrone (Universitat Pompeu Fabra) Emmanuel Petrakis (U Crete) Andrea Pozzi (Einaudi Institute for Economics and Finance) Mar Reguant (Northwestern U) Regis Renault (Université Paris Dauphine) Patrick Rey (Toulouse School of Economics) Bradley J. Ruffle (Wilfrid Laurier U) Jozsef Sakovics (The U of Edinburgh) Carlos Santos (Nova Lisbon) Pasquale Schiraldi (LSE) Fabiano Schivardi (Luiss U) Philipp Schmidt-Dengler (U Vienna) Armin Schmutzler (U Zurich) Christian Schultz (U Copenhagen) Nicolas Schutz (U Mannheim) Howard William Smith (Oxford U) Michelle Sovinsky (U Mannheim) Giancarlo Spagnolo (SITE) Yossi Spiegel (Tel Aviv U) Frode Steen (NHH) John Sutton (LSE) Otto Toivanen (KU Leuven) Catherine Tucker (MIT) Hannes Ullrich (U Zurich) Tommaso Valletti (Imperial College) Johannes Van Biesebroeck (KU Leuven) Frank Verboven (KU Leuven) Nikos Vettas (Athens U of Economics and Business) Reinhilde Veugelers (KU Leuven) Sofia Villas-Boas (U California, Berkeley) Matthijs R Wildenbeest (Kelley School of Business) Julian Wright (NU Singapore) Yaron Yehezkel (Tel Aviv U) Christine Zulehner (Goethe University Frankfurt)

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

YOUNG ECONOMISTS’ ESSAY AWARDS The EARIE Conference is aiming to encourage and foster young researchers in Industrial Economics, and the Young Economists’ Essay Awards (YEEA) support that aim by recognizing innovative, impressive work that is likely to have an impact. The criteria for the YEEA award are that the author (or all authors of a multiple-authored paper) must be under 35 years old and have completed their PhDs less than 5 years ago. Each year one of the YEEAs recognizes work with a policy contribution and is dedicated to the late Paul Geroski. This year is the 11th time that EARIE bestows this award in Paul Geroski’s memory. More than 100 submissions were eligible for the award, and were considered by a committee consisting of Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinsky (University of Mannheim), and John Sutton (London School of Economics).

THE YEEA WINNERS ARE: 1 - Estimation of Discrete Games with Weak Assumptions on Information by Lorenzo Magnolfi, Yale University (Presenter); and Camilla Roncoroni, Yale University 2 - Do Low Price Guarantees Hurt Consumers? Theory and Evidence by Samir Mamadehussene, Northwestern University 11th EARIE Paul Geroski Prize for the most significant policy contribution 3 - Network Competition in the Airline Industry: A Framework for Empirical Policy Analysis by Zhe Yuan, University of Toronto Selection Committee: Gregory Crawford (University of Zurich), Alessandro Gavazza (London School of Economics), Patrick Rey (Toulouse School of Economics), Michelle Sovinski (University of Mannheim), and John Sutton (London School of Economics).

KEYNOTE SPEACHES Susan Athey: “Aggregators, Intermediaries, and Internet News Consumption” 26/08, 13:15 – 14:30 (Reitoria) Susan Athey is The Economics of Technology Professor at the Stanford Graduate School of Business. Her current research focuses on the design of auction-based marketplaces and the economics of the internet, primarily on online advertising and the economics of the news media. She has also studied dynamic mechanisms and games with incomplete information, comparative statics under uncertainty, and econometric methods for analyzing auction models. She won the John Bates Clark Medal in 2007. Steve Tadelis: “Reputation, Feedback and Other Signals in Online Markets” 27/08, 16:30 – 17:45 (Reitoria) Steven Tadelis is Professor of Economics, Business and Public Policy, Joe Shoong Chair in International Business, at the Haas School of Business, University of California Berkeley. His research focuses on firm reputation; the effects of contract design and organizational form on firm behavior; public and private sector procurement and award mechanisms; and, most recently, the economics of e-commerce. John Sutton (Presidential Address): “A Flash in the Pan or A New African Dawn? Prospects and Challenges for African Industrialisation” 28/08, 16:30 – 17:45 (Reitoria) John Sutton is the Sir John Hicks Professor of Economics at the London School of Economics. His research focuses on market structure and industrial evolution, most recently applied to developing countries. He is the outgoing President of EARIE.

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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INVITED SESSIONS The EARIE 2016 Conference will include the following invited sessions, all taking place in room A120: 1 – Finance and IO (26/08, 14:45 – 16:15) Jakub Kastl (Princeton), Gregor Matvos (Chicago) 2 - Information in Markets (26/08, 16:45 – 18:15) Alessandro Bonatti (MIT), Matt Mitchell (Toronto) 3- Consumer Search (27/08, 11:30 – 13:00) Yongmin Chen (Colorado), Jidong Zhou (Yale) 4- Media (27/08, 14:30 – 16:00) Gregory Crawford (Zurich), Joel Waldfogel (Minnesota) 5- Regulated Markets (28/08, 11:30 – 13:00) Igal Hendel (Northwestern), Hunt Allcott (NYU) 6- Behavioral IO (28/08, 14:30 – 16:00) Rani Spiegler (Tel Aviv), Paul Heidhues (ESMT)

RISING STARS SESSIONS Following their successful introduction at EARIE 2015 in Munich, “Rising Stars” sessions highlight the best graduate student submissions. To provide valuable feedback to promising young scholars, papers are discussed individually by senior scholars. Please check the session list for presenters, papers and discussants.

INFORMATION FOR SPEAKERS Conference Rooms All conference rooms are equipped with a notebook with USB ports, Microsoft Office, Adobe Acrobat Reader, and a projector. Note for presenters and discussants: please use these notebooks for your presentations and bring along your slides on a USB memory device. Please arrive 10 minutes prior to the start of the session to upload your presentation to the notebook before the session starts. Duration To ensure the smooth proceeding of the Conference, please start and finish the sessions on time. Please note that each presenter has approximately 25 minutes for the presentation, the remaining time should be left for discussion. The chair and the speakers should agree on the precise timing and format of the discussion: that is whether it covers the session as a whole or comes following each paper. Session Chairs Chairs are invited to come to the room 10 minutes prior to the start of the session. They introduce the topic and the speakers, make sure that the time rules are followed and guide the general discussion following the presentation. They should also coordinate with the speakers and agree on the form and precise timing of the discussion. The conference programme identifies the chairs for each session: in case the scheduled chair does not show up, the presenter of the session’s last paper is expected to take over the role of the chair.

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

DETAILED PROGRAMME Session 1: Advertising I August 26, 2016 14:45 to 16:15 Room ISEGI 1

Session Chair: Sandro Shelegia, Pompeu Fabra University Session type: contributed Business models in commercial media markets: Bargaining, advertising, and mixing By Alexander Rasch; Duesseldorf Institute for Competition Economics, University of Duesseldorf; Miriam Thoene; University of Duesseldorf; Tobias Wenzel; University of Bath Presented by: Miriam Thoene, University of Duesseldorf How Effective Are Advertising Bans? On the Demand for Quality in Two-Sided Media Markets By Tanja Greiner; University of Munich; Marco Sahm; U Bamberg Presented by: Marco Sahm, U Bamberg Advertising and Price Competition in Online Markets By Hamid Aghadadashli; U Düsseldorf Presented by: Hamid Aghadadashli, U Düsseldorf

Session 2: Finance and IO August 26, 2016 14:45 to 16:15 Room A120

Session Chair: Michelle Sovinsky, U Mannheim Session type: invited Estimating Demand Systems for Financial Products By Jakub Kastl; Princeton University Presented by: Jakub Kastl, Princeton University The Market for Financial Adviser Misconduct By Gregor Matvos; University of Chicago Presented by: Gregor Matvos, University of Chicago

Session 3: Airlines I August 26, 2016 14:45 to 16:15 Room 143

Session Chair: Kohei Kawaguchi, Hitotsubashi University Session type: contributed Balancing Competition and Cooperation: Evidence from Transatlantic Airline Markets By Kai Hueschelrath; ZEW Mannheim Presented by: Kai Hueschelrath, ZEW Mannheim The hidden side of dynamic pricing in airline markets By Marco Alderighi; Universita’ della Valle d’Aosta Alberto Gaggero; University of Pavia Claudio Piga; Keele University, UK Presented by: Claudio Piga, Keele University, UK Does Competition Increase Quality? Evidence from the US Airline Industry By Ricard Gil; Johns Hopkins Myongjin Kim; U Oklahoma Presented by: Myongjin Kim, U Oklahoma

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 4: Collusion I August 26, 2016 14:45 to 16:15 Room 217

Session Chair: Matthew Olczak, Aston Business School Session type: contributed Cooperation vs. Collusion: How Essentiality Shapes Co-opetition By Patrick Rey; Toulouse School of Economics Jean Tirole; Toulouse School of Economics Presented by: Patrick Rey, Toulouse School of Economics The scope for collusion under different pricing schemes By Florian Goessl; University of Cologne Alexander Rasch; Duesseldorf Institute for Competition Economics, University of Duesseldorf Presented by: Alexander Rasch, Duesseldorf Institute for Competition Economics, University of Duesseldorf Pricing Behaviour of Cartel Outsiders in Incomplete Cartels By Johannes Odenkirchen; University of Düsseldorf Presented by: Johannes Odenkirchen, University of Düsseldorf

Session 5: Delegation August 26, 2016 14:45 to 16:15 Room 215

Session Chair: Axel Gautier, U Liege, HEC Management School Session type: contributed Delegating relational contracts to corruptible intermediaries By Marta Troya-Martinez; New Economic School Liam Wren-Lewis; Paris School of Economics (INRA) Presented by: Marta Troya-Martinez, New Economic School Strategic Short-Termism: Implications for the Management and Acquisition of Customer Relationships By Topi Miettinen; Hanken School of Economics Rune Stenbacka; Hanken School of Economics Presented by: Rune Stenbacka, Hanken School of Economics Information and endogenous delegation in a rent-seeking contest By Lambert Schoonbeek; U Groningen Presented by: Lambert Schoonbeek, U Groningen

Session 6: Electricity Markets I August 26, 2016 14:45 to 16:15 Room 240

Session Chair: Michael Waterson, U Warwick Session type: contributed Persistent and transient productive inefficiency in a regulated industry: electricity distribution in New Zealand By Massimo Filippini; University of Lugano and ETH Zurich (Joi William Greene; New York University Giuliano Masiero; University of Lugano Presented by: Giuliano Masiero, University of Lugano Mergers and Cost Efficiency in the Electricity Distribution Industry By Robert Clark; HEC Montreal Mario Samano; HEC Montreal Presented by: Mario Samano, HEC Montreal Disincentive Regulation: Evidence for Ratchet Effect among German Electricity Distribution System Operators By Michael Hellwig; ZEW Mannheim Dominik Schober; ZEW Mannheim Presented by: Michael Hellwig, ZEW Mannheim

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 7: Entrepreneurship August 26, 2016 14:45 to 16:15 Room 117

Session Chair: Ian Gregory-Smith, U Sheffield Session type: contributed Gender and Entrepreneurial Success: Evidence from a Field Experiment By Armando J. Garcia Pires; Norwegian School of Economics (NHH) Lars Ivar Berge; Norwegian School of Economics (NHH) Presented by: Armando J. Garcia Pires, Norwegian School of Economics (NHH) A General Equilibrium Theory of Firm Formation under Optimal Expectations By Luis Santos-Pinto; U Lausanne Michele Dell’Era; Bocconi University Presented by: Luis Santos-Pinto, U Lausanne

Session 8: Media and Entertainment Markets August 26, 2016 14:45 to 16:15 Room 219

Session Chair: Peter Newberry, Pennsylvania State University Session type: contributed Economics of Music Charts: Market Concentration and Product Variety By Joanna Syrda; University of Bath Presented by: Joanna Syrda, University of Bath Moving Music Licensing Into The Digital Era: More Competition And Less Regulation > slides By Thomas Lenard; Technology Policy Institute Lawrence White; New York University Presented by: Lawrence White, New York University

Session 9: Mergers I August 26, 2016 14:45 to 16:15 Room 209

Session Chair: Philippe Chone, CREST Session type: contributed Merger Guidelines for Bidding Markets By Philippe Gagnepain; Paris School of Economics David Martimort; Paris School of Economics Presented by: Philippe Gagnepain, Paris School of Economics The Impact of Merger Legislation on Bank Mergers By Elena Carletti; Bocconi Steven Ongena; University of Zurich Jan-Peter Siedlarek; Federal Reserve Bank of Cleveland Giancarlo Spagnolo; Stockholm School of Economics Presented by: Jan-Peter Siedlarek, Federal Reserve Bank of Cleveland Merger Efficiency Gains: An Assessment of the French Urban Transport Industry By Joanna Piechucka; U Paris 1 Panthéon-Sorbonne Presented by: Joanna Piechucka, U Paris 1 Panthéon-Sorbonne

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 10: Networks I August 26, 2016 14:45 to 16:15 Room 301

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Session Chair: Tim Hellmann, Bielefeld University Session type: contributed Entry into complementary goods markets with network effects By Gaston Llanes; Catholic U of Chile Andrea Mantovani; University of Bologna Francisco Ruiz-Aliseda; Catholic U of Chile Presented by: Andrea Mantovani, University of Bologna Interconnection and Prioritization By Pio Baake; DIW Berlin Slobodan Sudaric; Humboldt University of Berlin Presented by: Slobodan Sudaric, Humboldt University of Berlin Compatibility, Intellectual Property, Innovation and Welfare in Durable Goods Markets with Network Effects > slides By Athanasios Athanasopoulos; Leicester Business School Presented by: Athanasios Athanasopoulos, Leicester Business School

Session 11: Organizations August 26, 2016 14:45 to 16:15 Room 118

Session Chair: Matthew Ellman, Institute for Economic Analysis (CSIC) Session type: contributed Communication Costs and the Internal Organization of Multi-Plant Businesses: Evidence from the Impact of the French High-Speed Rail By Claire Lelarge; Crest et RITM - Paris Saclay University Pauline Charnoz Corentin TREVIEN Presented by: Claire Lelarge, Crest et RITM - Paris Saclay University The Impact of Public-Private Partnerships on productivity of the Italian District Heating industry By Vincenzo Mollisi Presented by: Vincenzo Mollisi The Impact of Organization Costs when Firm-selection Matters By Marco dePinto; Trier University Jörg Lingens; U Münster Presented by: Marco dePinto, Trier University

Session 12: Pharmaceuticals I August 26, 2016 14:45 to 16:15 Room 144

Session Chair: Carmine Ornaghi, University of Southampton Session type: contributed Delisting of pharmaceuticals from insurance coverage: effects on consumption, pricing and expenditures in France By Laura Lasio; McGill University Presented by: Laura Lasio, McGill University Growth and returns to new products and pack varieties: The case of UK pharmaceuticals By Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Farasat Bokhari; University of East Anglia Franco Mariuzzo; University of East Anglia Presented by: Farasat Bokhari, University of East Anglia

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 13: Platforms I August 26, 2016 14:45 to 16:15 Room 203

Session Chair: Özlem Bedre-Defolie, European School of Management and Technology Session type: contributed A note on partial merchant internalization and MIT threshold By Vilen Lipatov; Compass Lexecon Brussels Presented by: Vilen Lipatov, Compass Lexecon Brussels Taxation of a Digital Monopoly Platform By Marc Bourreau; Telecom ParisTech Presented by: Marc Bourreau, Telecom ParisTech Vertical Mergers in Two-Sided Markets By Jerome Pouyet; PSE Thomas Tregouet; Université de Cergy-Pontoise Presented by: Thomas Tregouet, Université de Cergy-Pontoise

Session 14: Pricing I August 26, 2016 14:45 to 16:15 Room 119

Session Chair: Thomas von Ungern-Sternberg, UNIL Session type: contributed Do Low Price Guarantees Hurt Consumers? Theory and Evidence By Samir Mamadehussene; Northwestern University Presented by: Samir Mamadehussene, Northwestern University Promotional Allowances By Teis Lømo; University of Bergen Simen Ulsaker; Norwegian School of Economics Presented by: Teis Lømo, University of Bergen Payment Evasion >slides By Stefan Buehler; University of St. Gallen Daniel Halbheer; HEC Paris Michael Lechner; Swiss Institute for Empirical Economic Research (SEW), University of St. Ga Presented by: Stefan Buehler, University of St. Gallen

Session 15: Retail Markets August 26, 2016 14:45 to 16:15 Room A223

Session Chair: Marie Laure Allain, Ecole Polytechnique Session type: contributed Estimating Store Choices with Endogenous Shopping Bundles and Price Uncertainty By Hyunchul Kim; Sungkyunkwan University Kyoo il Kim; Michigan State University Presented by: Hyunchul Kim, Sungkyunkwan University How Market Frictions Destroy the Incentives to Invest in Quality: An Application to the Grocery Retail Industry By Guillermo Marshall; University of Illinois at Urbana-Champaign Tiago Pires; U North Carolina Presented by: Guillermo Marshall, University of Illinois at Urbana-Champaign Estimating the Effects of Deregulation in the Ontario Alcohol Retail Market By Victor Aguirregabiria; University of Toronto Presented by: Victor Aguirregabiria, University of Toronto

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 16: Rising Stars I August 26, 2016 14:45 to 16:15 Room A224

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Session Chair: Sofronis Clerides, University of Cyprus Session type: contributed Are Consumers Myopic? Evidence From Handset and Mobile Services Choices By Ambre Nicolle; Université de Montpellier and Telecom ParisTech Presented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTech Discussant: Gregory Crawford, U Zürich Dynamic Pricing under Capacity-constrained Competition with a Deadline By Philipp Dimakopoulos; Humboldt University Berlin Presented by: Philipp Dimakopoulos, Humboldt University Berlin Discussant: Alessandro Bonatti, Massachusetts Institute of Techology Slo Building an Online Reputation with Free Content: Evidence from the E-book Market By Dainis Zegners; LMU Munich Presented by: Dainis Zegners, LMU Munich Discussant: Sofronis Clerides, University of Cyprus

Session 17: Telecoms I August 26, 2016 14:45 to 16:15 Room 241

Session Chair: Michal Grajek, ESMT European School of Management and Technology Session type: contributed Are Consumers Myopic? Evidence From Handset and Mobile Services Choices By Ambre Nicolle; Université de Montpellier and Telecom ParisTech Presented by: Ambre Nicolle, Université de Montpellier and Telecom ParisTech Discussant: Gregory Crawford, U Zürich A Price Concentration Study On European Mobile Telecom Markets By Pauline Affeldt; DIW Berlin Rainer Nitsche; ESMT Presented by: Pauline Affeldt, DIW Berlin Margin Squeeze Regulation and Infrastructure Competition By Niklas Horstmann; Karlsruhe Institute of Technology Jan Krämer; University of Passau Daniel Schnurr; Karlsruhe Institute of Technology Presented by: Daniel Schnurr, Karlsruhe Institute of Technology Internet and Politics: Evidence from U.K. Local Elections and Local Government Policies By Mattia Nardotto; DIW Berlin Alessandro Gavazza; London School of Economics Tommaso Valletti; Imperial College London Presented by: Mattia Nardotto, DIW Berlin

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 18: Collusion II August 26, 2016 16:45 to 18:15 Room 215

Session Chair: Iwan Bos, Maastricht U Session type: contributed A registered Cartel and its End. Cementing Austrian Industry Structure By Nikolaus Fink; WU Vienna University of Business and Economics Presented by: Nikolaus Fink, WU Vienna University of Business and Economics Estimating Unilateral and Coordinated Effects of Vertical Integration By Masato Nishiwaki; Waseda U Presented by: Masato Nishiwaki, Waseda U The Incidence of Fines on Cartel Dynamic Pricing By Anna Rita Bennato; Centre for Competition Policy and Oxford Brookes U Franco Mariuzzo; University of East Anglia Peter Ormosi; University of East Anglia Presented by: Anna Rita Bennato, Centre for Competition Policy and Oxford Brookes U

Session 19: Information in Markets August 26, 2016 16:45 to 18:15 Room A120

Session Chair: Jidong Zhou, Yale University Session type: invited Free (Ad)vice By Matthew Mitchell; University of Toronto Presented by: Matthew Mitchell, University of Toronto Information Revelation and Consumer Privacy By Alessandro Bonatti; Massachusetts Institute of Techology Slo Presented by: Alessandro Bonatti, Massachusetts Institute of Techology Slo

Session 20: Corporate Governance August 26, 2016 16:45 to 18:15 Room 102

Session Chair: Lawrence White, New York University Session type: contributed The impact of `A-day’ on executive pensions and pay for performance By Damon Morris; University of Sheffield Ian Gregory-Smith; U Sheffield Brian Main; University of Edinburgh Alberto Montagnoli; University of Sheffield Peter Wright; University of Sheffield Presented by: Ian Gregory-Smith, U Sheffield Strategic Corporate Social Responsibility By Lisa Planer-Friedrich; University of Bamberg Marco Sahm; U Bamberg Presented by: Lisa Planer-Friedrich, University of Bamberg How do Labor Representatives Affect Incentive Orientation of Executive Compensation? By Katharina Dyballa; TU Dortmund University Kornelius Kraft; University of Dortmund Presented by: Katharina Dyballa, TU Dortmund University

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 21: Demand Estimation August 26, 2016 16:45 to 18:15 Room 219

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Session Chair: Christian Bontemps, Toulouse School of Economics Session type: contributed When can a demand system be described by a multinomial logit with income effect? By Jacques Thisse; CORE Philipp Ushchev; Higher School of Economics, Moscow Presented by: Philipp Ushchev, Higher School of Economics, Moscow Random Coefficient Demand Estimation by Optimal Instrument-Based Continuously Updated GMM By Zsolt Sandor; Sapientia University Miercurea Ciuc Presented by: Zsolt Sandor, Sapientia University Miercurea Ciuc

Session 22: Entry August 26, 2016 16:45 to 18:15 Room 217

Session Chair: Myongjin Kim, U Oklahoma Session type: contributed Estimation of Discrete Games with Weak Assumptions on Information > slides By Lorenzo Magnolfi; Yale University Camilla Roncoroni Presented by: Lorenzo Magnolfi, Yale University Public procurement and the right to health: entry into pharmaceutical markets with firm heterogeneity > slides By Eduardo Fiuza; IPEA Camila Ferraz; STN/MF Brasil Rafael Mourão; IPEA Presented by: Eduardo Fiuza, IPEA Sales Tax, E-commerce, and Amazon’s Fulfillment Center Network By Jean Francois Houde; University of Pennsylvania Peter Newberry; Pennsylvania State University Katja Seim; University of Pennsylvania Presented by: Peter Newberry, Pennsylvania State University

Session 23: Experiments I August 26, 2016 16:45 to 18:15 Room 143

Session Chair: Ronald Peeters, Maastricht University Session type: contributed Entry by Successful Speculators in Auctions with Resale By Marco Pagnozzi; Universita’ di Napoli Federico II Presented by: Marco Pagnozzi, Universita’ di Napoli Federico II Reputation in a vertically integrated market - An Experiment By Claudia Moellers; Duesseldorf Institute for Competition Economics (DICE) Presented by: Claudia Moellers, Duesseldorf Institute for Competition Economics (DICE) Collusion and Bargaining in Asymmetric Cournot Duopoly---An Experiment By Christian Fischer; Düsseldorf University Hans-Theo Normann; U Düsseldorf Presented by: Hans-Theo Normann, U Düsseldorf

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 24: Innovation I August 26, 2016 16:45 to 18:15 Room 117

Session Chair: Armin Schmutzler, University of Zurich Session type: contributed Too Talented to Innovate? Dynamic Entrepreneurial Reputation, Project Selection and Welfare By David Zvilichovsky; Tel Aviv University Noam Shamir; Tel-Aviv University Presented by: David Zvilichovsky, Tel Aviv University Delaying Product Innovation: A Dynamic Analysis with Endogenous Time Horizon By Serhat Gezer; University Bielefeld Presented by: Serhat Gezer, University Bielefeld

Session 25: IO Theory I August 26, 2016 16:45 to 18:15 Room 241

Session Chair: Amedeo Piolatto, Barcelona Economics Institute Session type: contributed Monopolistic Competition, Entry Subsidies, and Capital Intensity of Investments By Markos Jung; University of Münster, Institute of Public Economics Presented by: Markos Jung, University of Münster, Institute of Public Economics The effect of inter-temporal arbitrage on consumers By Michael Waterson; U Warwick Presented by: Michael Waterson, U Warwick Endogenizing monopolistic competition By Sergey Kokovin; Novosibirsk State University, IM SB RAS, NRU Higher School of Economics Mathieu Parenti; Université Libre de Bruxelles Jacques Thisse; Universite catholique de Louvain Presented by: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics

Session 26: Networks II August 26, 2016 16:45 to 18:15 Room 144

Session Chair: Stefan Buehler, University of St. Gallen Session type: contributed R&D Investments under Endogenous Cluster Formation By Herbert Dawid; U Bielefeld Tim Hellmann; Bielefeld University Presented by: Tim Hellmann, Bielefeld University R&D oligopolies, entry and networks By Filomena Garcia; Indiana University Penelope Hernandez Manuel Munoz-Herrera; University of Groeningen Presented by: Filomena Garcia, Indiana University Knowledge Spillovers and their Impact on Innovation Success – A New Approach Using Patent Backward Citations By Spyros Arvanitis; KOF Swiss Economic Institute Florian Seliger; ETH Zurich Martin Woerter; ETH Zürich Presented by: Florian Seliger, ETH Zurich

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 27: Patents I August 26, 2016 16:45 to 18:15 Room 209

Session Chair: Jorge Lemus, University of Illinois Urbana Champaign Session type: contributed Dynamic effects of patent pools: Evidence from inter-generational competition in optical disk industry By Sadao Nagaoka; Tokyo Keizai U Presented by: Sadao Nagaoka, Tokyo Keizai U Contribution of patent examination to making the patent scope consistent with the invention: Evidence from Japan By Yoshimi Okada; Hitotsubashi University Yusuke Naito; Hitotsubashi University Sadao Nagaoka; Tokyo Keizai U Presented by: Yoshimi Okada, Hitotsubashi University Optimal Patent Protection with Sequential and Complementary Innovations By Vincenzo Denicolo; University of Leicester Piercarlo Zanchettin; University of Leicester Presented by: Piercarlo Zanchettin, University of Leicester

Session 28: Platforms II August 26, 2016 16:45 to 18:15 Room 240

Session Chair: Thomas Tregouet, Université de Cergy-Pontoise Session type: contributed Search platforms: Showrooming and price parity clauses By Chengsi Wang; University of Mannheim Julian Wright; National University of Singapore Presented by: Chengsi Wang, University of Mannheim Anti-competitive Effects of Across Platform Parity Agreements on the Online Booking Market By Thomas Larrieu; Ecole Polytechnique Presented by: Thomas Larrieu, Ecole Polytechnique Platform Price Parity Clauses with Direct Sales By Bjørn Olav Johansen; University of Bergen Thibaud VERGE; CREST Presented by: Thibaud VERGE, CREST

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 29: R & D and Innovation I August 26, 2016 16:45 to 18:15 Room 118

Session Chair: Koki Oikawa, Waseda University Session type: contributed Alliances and the innovative performance of corporate and public research spin-offs By John Hagedoorn; University Maastricht Boris Lokshin; University of Maastricht Stéphane Malo; Amercian University of Paris Presented by: Stéphane Malo, Amercian University of Paris Key success drivers in public research grants: Funding the seeds of radical innovation in academia? By Albert Banal-Estañol; UPF and BGSE Ines Macho-Stadler; Universitat Autonoma de Barcelona and BGSE David Perez-Castrillo; UAB Presented by: David Perez-Castrillo, UAB Macroeconomic conditions and efficiency of public R&D By Michele Cincera; Université Libre de Bruxelles Virginie Maghe; Solvay Brussels School of Economics and Management Anabela Santos; Université Libre de Bruxelles Presented by: Anabela Santos, Université Libre de Bruxelles

Session 30: Regulated Firms August 26, 2016 16:45 to 18:15 Room 119

Session Chair: Alberto Iozzi, U Roma Tor Vergata Session type: contributed Finding the Right Yardstick: Regulation under Heterogeneous Environments By Endre Bjørndal; NHH Norwegian School of Economics Mette Bjørndal; NHH Astrid Cullmann; DIW Berlin Maria Nieswand; DIW Berlin Presented by: Maria Nieswand, DIW Berlin Productivity Growth and the Public and Private Ownership of Regulated Firms By Astrid Cullmann; DIW Berlin Maria Nieswand; DIW Berlin Julia Rechlitz; DIW Berlin Presented by: Julia Rechlitz, DIW Berlin Revenue sharing agreements in regulated sectors ByMariana Cunha; Católica Porto Business School and CEGE, Universidade Católica Portuguesa Ricardo Gonçalves; Universidade Católica Portuguesa Presented by: Mariana Cunha, Católica Porto Business School and CEGE, Universidade Católica Portuguesa

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 31: Rising Stars II August 26, 2016 16:45 to 18:15 Room A224

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Session Chair: David Genesove, Hebrew U Jerusalem Session type: contributed Learning and Investment under Demand Uncertainty in Container Shipping By Jihye Jeon; NYU Stern Business School Presented by: Jihye Jeon, NYU Stern Business School Discussant: Victor Aguirregabiria, University of Toronto Firm Entry and Former Monopoly Advantage: Evidence from the Fertilizer Marketing Sector in India By Beata Itin-Shwartz; Hebrew University of Jerusalem Presented by: Beata Itin-Shwartz, Hebrew University of Jerusalem Discussant: Margaret Slade, The University of British Columbia Price-Matching Strategies in the German Gasoline Retail Market By Sascha Wilhelm; Goethe University Frankfurt Presented by: Sascha Wilhelm, Goethe University Frankfurt Discussant: David Genesove, Hebrew U Jerusalem

Session 32: Search Theory August 26, 2016 16:45 to 18:15 Room A223

Session Chair: Maarten Janssen, U Vienna Session type: contributed Rational Buyers Search When Prices Increase By Luis Cabral; NYU Stern Presented by: Luis Cabral, NYU Stern Guided Search By Tobias Gamp; U Bonn Presented by: Tobias Gamp, U Bonn Competitive sequential search equilibrium By Jose L. Moraga-Gonzalez; VU Amsterdam Makoto Watanabe; VU University Amsterdam Presented by: Jose L. Moraga-Gonzalez, VU Amsterdam

Session 33: Advertising II August 27, 2016 09:30 to 11:00 Room A120

Session Chair: Jose L. Moraga-Gonzalez, VU Amsterdam Session type: contributed Sales, Advertising, and Heterogeneous Firms By Sandro Shelegia; Pompeu Fabra University Chris Wilson; Loughborough University Presented by: Chris Wilson, Loughborough University De-Targeting: Advertising an Assortment of Products to Loss-Averse Consumers By Heiko Karle; ETH Zürich Martin Peitz; U Mannheim Presented by: Martin Peitz, U Mannheim Targeted advertising and consumer information By Sébastien Broos; University of Liège Presented by: Sébastien Broos, University of Liège

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 34: Behavioral Economics August 27, 2016 09:30 to 11:00 Room 217

Session Chair: Heiko Karle, ETH Zurich Session type: contributed Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer Search By Adriaan Soetevent; U Groningen Tadas Bruzikas; U Groningen Presented by: Tadas Bruzikas, U Groningen Targeted Information and Limited Attention By Andreas Hefti; University of Zurich; Zurich University of Applied Sciences Shuo Liu; University of Zurich Presented by: Andreas Hefti, University of Zurich; Zurich University of Applied Sciences Decomposing the Afternoon Effect: An Empirical Investigation of Sequential Train Ticket Auctions By Ola Andersson; IFN Presented by: Ola Andersson, IFN

Session 35: Buyer Power August 27, 2016 09:30 to 11:00 Room 219

Session Chair: Thibaud VERGE, CREST Session type: contributed Category captains and buyer power By Marie Laure Allain; Ecole Polytechnique Clemence Christin; U Caen Presented by: Clemence Christin, U Caen Buyer Power and Dependency in a Model of Negotiations By Joao Montez; University of Lausanne Presented by: Joao Montez, University of Lausanne Vertical Bargaining and Retail Competition: What Drives Countervailing Power? By Germain Gaudin; U Düsseldorf Presented by: Germain Gaudin, U Düsseldorf

Session 36: Collusion III August 27, 2016 09:30 to 11:00 Room 240

Session Chair: Michele Polo, Bocconi University Session type: contributed Endogenous firms’ organization, internal audit and leniency programs By Emilie Dargaud; University Lyon 2 Armel Jacques; University of La Reunion Presented by: Emilie Dargaud, University Lyon 2 Does enforcement deter cartels?: A tale of two tails By Iwan Bos; Maastricht U Stephen Davies; University of East Anglia Joseph Harrington; The Wharton School, University of Pennsy Peter Ormosi; University of East Anglia Presented by: Iwan Bos, Maastricht U Partial Cross Ownership and Explicit Collusion By Samuel de Haas; Justus-Liebig-University Giessen Johannes Paha; University of Giessen Presented by: Samuel de Haas, Justus-Liebig-University Giessen

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 37: Contracts I August 27, 2016 09:30 to 11:00 Room 241

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Session Chair: Luis Vasconcelos, University of Essex Session type: contributed Gradual collective wage bargaining By Sabien Dobbelaere; Vrije Universiteit Amsterdam Roland Iwan Luttens; Amsterdam University College Presented by: Sabien Dobbelaere, Vrije Universiteit Amsterdam Contracts as a barrier to entry in markets with non-pivotal buyers By Özlem Bedre-Defolie; European School of Management and Technology Gary Biglaiser; UNC-Chapel HIll Presented by: Özlem Bedre-Defolie, European School of Management and Technology Informative Milestones in Experimentation By Christoph Wolf; University of Mannheim Presented by: Christoph Wolf, University of Mannheim

Session 38: Firm Dynamics I August 27, 2016 09:30 to 11:00 Room 144

Session Chair: Pradeep Kumar, U Exeter Session type: contributed Transport investment in railways to generate knowledge transfer from interfirm worker mobility By Hannu Piekkola; University of Vaasa Presented by: Hannu Piekkola, University of Vaasa The Growth and Human Capital Structure of New Firms over the Business Cycle By Udo Brixy; Institute for Employment Research (IAB) Martin Murmann; Centre for European Economic Research (ZEW) Presented by: Martin Murmann, Centre for European Economic Research (ZEW) Illuminating the World Cup Effect: Night Lights Evidence from South Africa By Gregor Pfeifer; U Hohenheim Fabian Wahl; University of Hohenheim Martyna Marczak; University of Hohenheim Presented by: Gregor Pfeifer, U Hohenheim

Session 39: Intellectual Property August 27, 2016 09:30 to 11:00 Room 209

Session Chair: Sadao Nagaoka, Tokyo Keizai U Session type: contributed Optimal Timing of Sequential Distribution in the Presence of Piracy By Jimena Ferraro; Toulouse School of Economics Presented by: Jimena Ferraro, Toulouse School of Economics Designing Dynamic Research Tournaments By Jean-Michel Benkert; University of Zurich Igor Letina; University of Zurich Presented by: Igor Letina, University of Zurich Growth and Welfare Effects of Intellectual Property Rights when Consumers differ in Income By Christian Kiedaisch; University of Zurich Presented by: Christian Kiedaisch, University of Zurich

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 40: Mergers II August 27, 2016 09:30 to 11:00 Room 143

Session Chair: Franco Mariuzzo, University of East Anglia Session type: contributed Mergers in Innovative Industries: The Role of Product Market Competition By Guillermo Marshall; University of Illinois at Urbana-Champaign Alvaro Parra; University of British Columbia Presented by: Guillermo Marshall, University of Illinois at Urbana-Champaign Sequential mergers under product differentiation in a partially privatized market By Takeshi Ebina; Shinshu University Daisuke Shimizu; Gakushuin University Presented by: Takeshi Ebina, Shinshu University Entry and Merger Policy By Laure Jaunaux; Orange Yassine Lefouili; Toulouse School of Economics Wilfried Sand-Zantman; Toulouse School of Economics Presented by: Wilfried Sand-Zantman, Toulouse School of Economics

Session 41: Oligopoly I August 27, 2016 09:30 to 11:00 Room 118

Session Chair: Yiquan Gu, University of Liverpool Session type: contributed Mixed industry outcomes in oligopoly markets with socially concerned firms By Michael Kopel; U Graz Fabio Lamantia; University of Manchester Presented by: Michael Kopel, U Graz Duopoly with Vertical Differentiation: Efficient Equilibria, Covered Market and Maximum Differentiation under the Finiteness Property By Masuyuki Nishijima; Yokohama City University Presented by: Masuyuki Nishijima, Yokohama City University Bidding for input in oligopoly By Roberto Burguet; Institute of Economic Analysis (CSIC) Jozsef Sakovics; The University of Edinburgh Presented by: Jozsef Sakovics, The University of Edinburgh

Session 42: Organizations - Theory of the Firm August 27, 2016 09:30 to 11:00 Room 119

Session Chair: Andrea Canidio, INSEAD Session type: contributed Investment decisions and the role of wasteful procedures By Malin Arve; NHH Norwegian School of Economics Takakazu Honryo; Mannheim University Presented by: Malin Arve, NHH Norwegian School of Economics A Formal Haggling Theory of Firm Boundaries: A Trade-Off Between Bargaining Costs and Too Much Intervention By Yusuke Mori; Tokyo International University Presented by: Yusuke Mori, Tokyo International University Organizing for Change: The Optimality of Pro-Changer Organizations By Hideshi Itoh; Hitotsubashi U Presented by: Hideshi Itoh, Hitotsubashi U

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 43: Platforms III August 27, 2016 09:30 to 11:00 Room 102

Session Chair: Chengsi Wang, University of Mannheim Session type: contributed Exclusive Contents in Two-Sided Markets By Akifumi Ishihara; National Graduate Institute for Policy S Ryoko Oki; Hosei University Presented by: Ryoko Oki, Hosei University From Nintendo to Facebook: Two-Sided Markets with Exclusive Contracts By Pak Yee Lee; Hong Kong Baptist University Presented by: Pak Yee Lee, Hong Kong Baptist University Add-On Services, Bundling and Exclusive Contracts in Platform Markets By Carlotta Mariotto; Mines ParisTech Marianne Verdier; U Paris 2 Presented by: Marianne Verdier, U Paris 2

Session 44: Procurement I August 27, 2016 09:30 to 11:00 Room A223

Session Chair: Giancarlo Spagnolo, Stockholm School of Economics-SITE Session type: contributed Ex-ante and ex-post outsourcing in public procurement: Temporary Partnership vs subcontracting By Laura Rondi; Politecnico di Torino Paola Valbonesi; University of Padua Presented by: Paola Valbonesi, University of Padua Design of public procurement auctions: evidence from cleaning contracts By Ari Hyytinen; University of Jyväskylä Sofia Lundberg; Umeå University Otto Toivanen; KU Leuven Presented by: Ari Hyytinen, University of Jyväskylä Teaching an old dog a new trick:reserve price and unverifiable quality in repeated procurement By Gian Luigi Albano; R&D Unit Berardino Cesi; University of Tor Vergata Alberto Iozzi; U Roma Tor Vergata Presented by: Alberto Iozzi, U Roma Tor Vergata

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 45: Rising Stars III August 27, 2016 09:30 to 11:00 Room A224

Session Chair: Joel Waldfogel, University of Minnesota Session type: contributed {Competition, Price Dispersion and Capacity Constraints: The case of the U.S. Corn Seed Industry. By Cornelia Ilin; University of Wisconsin, Madison Presented by: Cornelia Ilin, University of Wisconsin, Madison Discussant: Luis Cabral, NYU Stern Quantifying Inertia in Retail Deposit Markets By Florian Deuflhard; Unversity of Frankfurt Presented by: Florian Deuflhard, Unversity of Frankfurt Discussant: Michelle Sovinsky, U Mannheim Search, Consumer Information, and Competition in the Mobile App Market By Daniel Ershov; University of Toronto Presented by: Daniel Ershov, University of Toronto Discussant: Joel Waldfogel, University of Minnesota

Session 46: Search Empirics August 27, 2016 09:30 to 11:00 Room 215

Session Chair: Andras Kiss, University of Amsterdam Session type: contributed No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing Information By Alexei Alexandrov; Consumer Financial Protection Bureau Sergei Koulayev; Consumer Financial Protection Bureau Presented by: Alexei Alexandrov, Consumer Financial Protection Bureau Does Online Search Increase Sales? Evidence from Big Data for Car Markets in Germany and the UK By Valentine Millot; OECD Georg von Graevenitz; QMUL Presented by: Valentine Millot, OECD Search on a Business-to-Consumer Online Market: An Explanation for Price Dispersion and Implications to Firm Pricing Strategy By Wenche Wang; University of Florida Presented by: Wenche Wang, University of Florida

Session 47: Vertical Integration August 27, 2016 09:30 to 11:00 Room 117

Session Chair: Nicolas Schutz, University of Mannheim Session type: contributed Demand Shocks and Vertical Integration: Evidence from a Natural Experiment By Danny McGowan; University of Nottingham Huyen Nguyen; University of Nottingham Presented by: Danny McGowan, University of Nottingham Unregulated upstream monopolist in vertical structure: Vertical integration versus legal unbundling By Yusuke Ikuta; Kobe University Presented by: Yusuke Ikuta, Kobe University Integration or Outsourcing: Combining Ex Ante Distortions and Ex Post Inefficiencies By Verena Nowak; U Düsseldorf Presented by: Verena Nowak, U Düsseldorf

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 48: Advertising III August 27, 2016 11:30 to 13:00 Room 219

Session Chair: Chris Wilson, Loughborough University Session type: contributed Freemium on Advertising Platform By Yusuke Zennyo; Osaka University of Economics Presented by: Yusuke Zennyo, Osaka University of Economics Quality Competition among Platforms: a Media Market Case By Maria Rosa Battaggion; University of Bergamo Serena Marianna Drufuca; University of Milan (LASER) Presented by: Maria Rosa Battaggion, University of Bergamo Selling News Information to Consumers By Johannes Dittrich; University of Mannheim Heiko Karle; ETH Zürich Heiner Schumacher; University of Leuven Presented by: Johannes Dittrich, University of Mannheim

Session 49: Consumer Search August 27, 2016 11:30 to 13:00 Room A120

Session Chair: Luis Cabral, NYU Stern Session type: invited Intermediaries and Consumer Search By Yongmin Chen; University of Colorado at Boulder Presented by: Yongmin Chen, University of Colorado at Boulder Multiproduct Consumer Search By Jidong Zhou; Yale University Presented by: Jidong Zhou, Yale University

Session 50: Airlines II August 27, 2016 11:30 to 13:00 Room 240

Session Chair: Claudio Piga, Keele University, UK Session type: contributed Dynamic Oligopoly with Financial Friction: The U.S. Airline Industry after the Deregulation By Kohei Kawaguchi; Hitotsubashi University Ken Onishi; Singapore Management University Presented by: Kohei Kawaguchi, Hitotsubashi University An Airline Merger and its Remedies: JAL-JAS of 2002 By hiroshi ohashi; Faculty of Economics, University of Tokyo Presented by: hiroshi ohashi, Faculty of Economics, University of Tokyo

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 51: Auction Theory I August 27, 2016 11:30 to 13:00 Room A223

Session Chair: Jozsef Sakovics, The University of Edinburgh Session type: contributed Auctions with Bid Credits and Resale By Simon Loertscher; University of Melbourne Leslie Marx; Fuqua School of Business Presented by: Leslie Marx, Fuqua School of Business Robust Bidding By Vitali Gretschko; U Cologne Helene Mass; University of Cologne Presented by: Vitali Gretschko, U Cologne Market Power and Welfare in Asymmetric Divisible Good Auctions By Carolina Manzano; universitat Rovira i Virgili Xavier Vives; IESE Presented by: Xavier Vives, IESE

Session 52: Environmental Econ I August 27, 2016 11:30 to 13:00 Room 241

Session Chair: Martin Woerter, ETH Zürich Session type: contributed Distributional and Environmental Effects of an Emissions-Differentiated Car Sales Tax By Robin Stitzing; Nokia Technologies Presented by: Robin Stitzing, Nokia Technologies Designing Feebates By Sofronis Clerides; University of Cyprus Costas Hadjiyiannis; University of Cyprus Presented by: Sofronis Clerides, University of Cyprus Measures to Promote Green Cars: Evaluation at a Car Variant Level By Taiju Kitano; Hitotsubashi University Presented by: Taiju Kitano, Hitotsubashi University

Session 53: Experiments II August 27, 2016 11:30 to 13:00 Room 144

Session Chair: Alexia Gaudeul, Georg-August-Universität Göttingen Session type: contributed Vertical Integration as a Source of Hold-up: an Experiment By Marie Laure Allain; Ecole Polytechnique Claire Chambolle; INRA Patrick Rey; Toulouse School of Economics Sabrina Teyssier; INRA-ALISS Presented by: Marie Laure Allain, Ecole Polytechnique Number effects and tacit collusion in experimental oligopolies By Niklas Horstmann; Karlsruhe Institute of Technology Jan Krämer; University of Passau Daniel Schnurr; Karlsruhe Institute of Technology Presented by: Daniel Schnurr, Karlsruhe Institute of Technology Strategy Revision Opportunities and Collusion By Matthew Embrey; University of Sussex Friederike Mengel; University of Essex Ronald Peeters; Maastricht University Presented by: Ronald Peeters, Maastricht University

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 54: Firm Productivity August 27, 2016 11:30 to 13:00 Room 209

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Session Chair: Claire Lelarge, Crest et RITM - Paris Saclay University Session type: contributed Mobile Information and Communication Technologies, Flexible Work Organization and Labor Productivity: Firm-Level Evidence By Steffen Viete; Centre for European Economic Research Daniel Erdsiek; Centre for European Economic Research Presented by: Steffen Viete, Centre for European Economic Research Innovation and productivity in a S&T intensive sector: the case of Information industries in Spain By Nestor Duch-Brown; JRC IPTS European Commission Ibrahim Kholilul Rohman; European Commission Presented by: Nestor Duch-Brown, JRC IPTS Euroean Commission Privatization, Distortions, and Productivity By Kun Li; Toulouse School of Economics Presented by: Kun Li, Toulouse School of Economics

Session 55: Health I August 27, 2016 11:30 to 13:00 Room 119

Session Chair: Matilde Machado, Universidad Carlos III de Madrid Session type: contributed Two-Sided Matching in Physician-Insurer Networks: Evidence from Medicare Advantage By Kathleen Nosal; U Mannheim Presented by: Kathleen Nosal, U Mannheim Mandatory Disclosure: Theory and Evidence from Industry-Physician Relationships By Vardges Levonyan; ETH Zurich Presented by: Vardges Levonyan, ETH Zurich The Welfare Effects of Private Rooms in German Nursing Homes: A Structural Approach By Amela Saric, DICE, University of Duesseldorf Presented by: Amela Saric, DICE, University of Duesseldorf

Session 56: Innovation II August 27, 2016 11:30 to 13:00 Room 203

Session Chair: Florian Schuett, Tilburg U Session type: contributed Do start-ups benefit from higher R&D investment during recessions? A comparison between Germany and the USA By Martin Hud; ZEW Centre for European Economic Research Martin Carree; Maastricht University Presented by: Martin Hud, ZEW Centre for European Economic Research The effect of firm turnover on innovation strategies: Panel data evidence By Alex Armand; University of Navarra Pedro Mendi; Universidad de Navarra Presented by: Alex Armand, University of Navarra Combining Knowledge and Capabilities across Borders and Nationalities: Evidence from the inventions applied through PCT By Naotoshi Tsukada; GRIPS Sadao Nagaoka; Tokyo Keizai University Presented by: Naotoshi Tsukada, GRIPS

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 57: IO Theory II August 27, 2016 11:30 to 13:00 Room 143

Session Chair: Gabor Virag, U Toronto Session type: contributed Vertical Competition and Collusion in Information Acquisition By Andrea Canidio; INSEAD Thomas Gall; University of Southampton Presented by: Andrea Canidio, INSEAD Optimal Dynamic Market Making By Simon Loertscher; University of Melbourne Ellen Muir; University of Melbourne Peter Taylor; University of Melbourne Presented by: Simon Loertscher, University of Melbourne In the club: Strategic admission, membership, and endogenous splits By Michael Sacks; University of California, Irvine Presented by: Michael Sacks, University of California, Irvine

Session 58: Mechanism Design August 27, 2016 11:30 to 13:00 Room 118

Session Chair: Matthias Lang, Free University Berlin Session type: contributed Trembling mechanisms By Trembling mechanisms Presented by: Joao Correia-da-Silva, TSE and U. Porto Optimal Crowdfunding Design By Matthew Ellman; Institute for Economic Analysis (CSIC) Sjaak Hurkens; Institute for Economic Analysis (CSIC) Presented by: Matthew Ellman, Institute for Economic Analysis (CSIC) On the impossibility of protecting risk-takers By Toomas Hinnosaar; Collegio Carlo Alberto Presented by: Toomas Hinnosaar, Collegio Carlo Alberto

Session 59: Mergers III August 27, 2016 11:30 to 13:00 Room 117

Session Chair: Pedro Pereira, Autoridade da Concorrência Session type: contributed Unilateral Effects Screens for Partial Horizontal Acquisitions: The Generalized HHI and GUPPI By Duarte Brito; Universidade Nova de Lisboa António Osório; Universitat Rovira i Virgili Ricardo Ribeiro; Universidade Católica Portuguesa Helder Vasconcelos; U Porto Presented by: Ricardo Ribeiro, Universidade Católica Portuguesa Ex Post Merger Analysis in the Car Market and the Role of Conduct By Ruben Savelkoul; KU Leuven Presented by: Ruben Savelkoul, KU Leuven Mergers and Horizontal Subcontracting By Jan Bouckaert; University of Antwerp Geert Van Moer; University of Antwerp Presented by: Geert Van Moer, University of Antwerp

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 60: Pricing II August 27, 2016 11:30 to 13:00 Room 102

Session Chair: Joana Resende, Universidade do Porto FEP Session type: contributed Selling to Heterogeneous Procrastinators By Johannes Johnen; ESMT Presented by: Johannes Johnen, ESMT Excessive Competition for Headline Prices By Excessive Competition for Headline Prices Presented by: Martin Obradovits, U Frankfurt Directed search with divisible goods By Mats Godenhielm; University of Helsinki Presented by: Mats Godenhielm, University of Helsinki

Session 61: Rising Stars IV August 27, 2016 11:30 to 13:00 Room A224

Session Chair: Martin Peitz, U Mannheim Session type: contributed The Remuneration of Financial Advisors in Markets for Complex Products By Jurre Thiel; Vrije Universiteit Amsterdam Presented by: Jurre Thiel, Vrije Universiteit Amsterdam Discussant: Bruno Jullien, Toulouse School of Economics Pricing Heterogeneous Goods under Ex Post Private Information By Holger Herbst; University of Bonn Presented by: Holger Herbst, University of Bonn Discussant: Heski Bar-Isaac, University of Toronto Interchange Fee Regulation in the Credit Card Market By José Ignacio Heresi; Toulouse School of Economics Presented by: José Ignacio Heresi, Toulouse School of Economics Discussant: Martin Peitz, U Mannheim

Session 62: Trade and IO I August 27, 2016 11:30 to 13:00 Room 215

Session Chair: Jose Mata, University of Lausanne Session type: contributed Parallel imports and repair services By Jota Ishikawa; Hitotsubashi University Hodaka Morita; School of Economics, ASB Hiroshi Mukunoki; Gakushuin University Presented by: Jota Ishikawa, Hitotsubashi University Mutual Recognition for Sale: International Bargaining over Product Standards By Dapeng Cai; Nanzan University Jan Guldager Jorgensen; University of Southern Denmark Presented by: Dapeng Cai, Nanzan University The impact of imported intermediate inputs on export, production technology and wage By Xi Chen; Statec Presented by: Xi Chen, Statec

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 63: Vertical Relationships I August 27, 2016 11:30 to 13:00 Room 217

Session Chair: Giacomo Calzolari, University of Bologna Session type: contributed Upstream joint investment meets downstream technology choice By Keizo Mizuno; Kwansei Gakuin U Kazuhiko Mikami; University of Hyogo Presented by: Keizo Mizuno, Kwansei Gakuin U Consumer Search and Asymmetric Retail Channels By Daniel Garcia; University of Vienna Maarten Janssen; U Vienna Presented by: Maarten Janssen, U Vienna Vertical Foreign Direct Investment: Make, Sell and (Not) Buy By Chrysovalantou Milliou; Athens University of Economics and Business Joel Sandonis; University of Alicante Presented by: Chrysovalantou Milliou, Athens University of Economics and Business

Session 64: Airlines III August 27, 2016 14:30 to 16:00 Room 102

Session Chair: Kai Hueschelrath, ZEW Mannheim Session type: contributed Points mechanisms and dynamic contracting with limited commitment By Emil Temnyalov; University of Technology Sydney Presented by: Emil Temnyalov, University of Technology Sydney Network Competition in the Airline Industry: A Framework for Empirical Policy Analysis >slides By Zhe Yuan; University of Toronto Presented by: Zhe Yuan, University of Toronto The spatial scope of airline competition By Mark Lijesen; VU University C Behrens; VU University, Amsterdam Presented by: Mark Lijesen, VU University

Session 65: Media Markets August 27, 2016 14:30 to 16:00 Room A120

Session Chair: Jakub Kastl, Princeton University Session type: invited The Welfare Effects of Vertical Integration in Multichannel Television Markets By Gregory Crawford; U Zürich Presented by: Gregory Crawford, U Zürich The Rise of China and its Impact on Consumers and Producers in Global Film Markets By Joel Waldfogel; University of Minnesota Presented by: Joel Waldfogel, University of Minnesota

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 66: Antitrust and Competition Policy August 27, 2016 14:30 to 16:00 Room 240

Session Chair: Ulrich Schwalbe, University of Hohenheim Session type: contributed Balancing the Public Interest-Defense in Cartel Offenses By Maarten Pieter Schinkel; University of Amsterdam Lukas Toth; University of Amsterdam Presented by: Lukas Toth, University of Amsterdam Unilateral Practices, Antitrust Enforcement and Commitments By Michele Polo; Bocconi University Presented by: Michele Polo, Bocconi University Evaluating Partial Divestitures when Vertical Relations are Important By Pedro Pereira; Autoridade da Concorrência Tiago Ribeiro; Indera - Estudos Económicos, Lda Presented by: Pedro Pereira, Autoridade da Concorrência

Session 67: Collusion IV August 27, 2016 14:30 to 16:00 Room 117

Session Chair: Vivek Ghosal, Georgia Institute of Technology Session type: contributed The effect of collusion on efficiency in experimental auctions By Gyula Seres; Humboldt U, Tilburg U Presented by: Gyula Seres, Humboldt U, Tilburg U Can collusion promote sustainable consumption and production? By Maarten Pieter Schinkel; University of Amsterdam Yossi Spiegel; Tel Aviv U Presented by: Yossi Spiegel, Tel Aviv U Collusion, Firm Numbers and Asymmetries Revisited >slides By Luke Garrod; Loughborough University Matthew Olczak; Aston Business School Presented by: Matthew Olczak, Aston Business School

Session 68: Contracts and Organizations August 27, 2016 14:30 to 16:00 Room 215

Session Chair: Christian Michel, Universitat Pompeu Fabra, Barcelona GSE Session type: contributed Delegating Authority in Organization with Subsequent Information Revelation By Christoph Luelfesmann; Simon Fraser University Presented by: Christoph Luelfesmann, Simon Fraser University Sequential Moral Hazard under Financial Limits: Sequential versus Partnership Contracts By Marco Buso; University of Padova Luciano Greco; University of Padua Presented by: Marco Buso, University of Padova What Makes Geeks Tick? A Study of Stack Overflow Careers >slides By Lei Xu; McGill University Tingting Nian; UC Irvine Luis Cabral; NYU Stern Presented by: Lei Xu, McGill University

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 69: Credit Markets I August 27, 2016 14:30 to 16:00 Room 119

Session Chair: Nicola Pavanini, University of Zurich Session type: contributed Willingness to Pay for Firm Reputation: Paying for Risk Rating in the Annuity Market By Bernardita Vial; Pontificia Universidad Catolica de Chile Pilar Alcalde; Universidad de Los Andes, Chile Presented by: Bernardita Vial, Pontificia Universidad Catolica de Chile Competition and the riskiness of banks’ loan portfolios By Oivind Nilsen; Norwegian School of Economics Presented by: Oivind Nilsen, Norwegian School of Economics Estimating Marginal Effects of the Government Sponsored Entities By Alexei Alexandrov; Consumer Financial Protection Bureau Thomas Conkling; Consumer Financial Protection Bureau Sergei Koulayev; Consumer Financial Protection Bureau Presented by: Thomas Conkling, Consumer Financial Protection Bureau

Session 70: Health II August 27, 2016 14:30 to 16:00 Room 219

Session Chair: Kathleen Nosal, U Mannheim Session type: contributed Regulated Age-Based Pricing in Health Insurance Exchanges By Pietro Tebaldi; Stanford Presented by: Pietro Tebaldi, Stanford Asymmetric Information with multiple risks: the case of the Chilean Private Health Insurance Market By Matilde Machado; Universidad Carlos III de Madrid Presented by: Matilde Machado, Universidad Carlos III de Madrid

Session 71: Information Economics I August 27, 2016 14:30 to 16:00 Room 118

Session Chair: Anna Bayona, ESADE Business School Session type: contributed Regulating Deception By Maarten Janssen; U Vienna Santanu Roy; Southern Methodist University Presented by: Santanu Roy, Southern Methodist University Informative retailing: theory and applications to drugs, e-commerce and financial products By Jerome Pouyet; Paris School of Economics Presented by: Jerome Pouyet, Paris School of Economics Optimal Syndication Decision of Corporate Venture Capital and Venture Capital Firms By Andreas Frick; Leibniz University of Hannover Hannes Maxin; University of Hannover Presented by: Hannes Maxin, University of Hannover

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 72: Innovation III August 27, 2016 14:30 to 16:00 Room 143

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Session Chair: Bettina Peters, ZEW Mannheim Session type: contributed Do Tax Incentives for Research Increase Firm Innovation? An RD Design for R&D By Antoine Dechezlepretre; London School of Economics Elias Einiö; VATT Institute for Economic Research ; Centre for Economics Performance,LSE Ralf Martin; Imperial college Kieu Trang Nguyen; London School of Economics John Van Reenen; London School of Economics Presented by: Elias Einiö, VATT Institute for Economic Research ; Centre for Economics Performance, LSE R&D Subsidies and Firms’ Cost of Debt By Sarah Demeulemeester; KULeuven Hanna Hottenrott; U Düsseldorf Presented by: Sarah Demeulemeester, KULeuven Driving business performance: innovation complementarities and persistence patterns >slides By Eleonora Bartoloni; ISTAT, National Institute of Statistics Maurizio Baussola; Università Cattolica del Sacro Cuore, Piacenza ITA Presented by: Eleonora Bartoloni, ISTAT, National Institute of Statistics

Session 73: Micro Theory I August 27, 2016 14:30 to 16:00 Room 209

Session Chair: Simon Loertscher, University of Melbourne Session type: contributed Legal Uncertainty as a Welfare Enhancing Screen By Matthias Lang; Free University Berlin Presented by: Matthias Lang, Free University Berlin Connecting third-degree price and labor discrimination literatures By Alexei Alexandrov; Consumer Financial Protection Bureau Presented by: Alexei Alexandrov, Consumer Financial Protection Bureau Guilt by Association By Katrin Hussinger; U Luxembourg Maikel Pellens; ZEW Mannheim Presented by: Katrin Hussinger, U Luxembourg

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 74: Patents II August 27, 2016 14:30 to 16:00 Room 144

Session Chair: Vidya Atal, Montclair State University Session type: contributed Low-quality patents in the eye of the beholder: Evidence from multiple examiners By Gaetan de Rassenfosse; Ecole polytechnique federale de Lausanne Adam B Jaffe; Motu Economic and Public Policy Research Elizabeth Webster; Swinburne University of Technology Presented by: Gaetan de Rassenfosse, Ecole polytechnique federale de Lausanne Information constraint of the patent office and examination quality: Evidence from the effects of initiation lag By Sadao Nagaoka; Tokyo Keizai U Isamu Yamauchi; RIETI Presented by: Sadao Nagaoka, Tokyo Keizai U Screening for Patent Quality: Examination, Fees, and the Courts By Mark Schankerman; Economics Florian Schuett; Tilburg U Presented by: Florian Schuett, Tilburg U

Session 75: Platforms IV August 27, 2016 14:30 to 16:00 Room 241

Session Chair: Marianne Verdier, U Paris 2 Session type: contributed Segmentation versus Agglomeration: Competition between Platforms with Competitive Sellers By Heiko Karle; ETH Zurich Martin Peitz; U Mannheim Markus Reisinger; Frankfurt School of Finance & Management Presented by: Heiko Karle, ETH Zurich Merger control on two-sided markets: is there need for an efficiency defense? By Edmond Baranes; Universite Montpellier I Thomas Cortade; BETA UMR CNRS 7522 and Universités de Lorraine et de Strasbourg Andreea Cosnita-Langlais; University Paris Nanterre Presented by: Andreea Cosnita-Langlais, University Paris Nanterre Ad networks and multi-homing consumers By Anna D’Annunzio; Telenor Research Antonio Russo; KOF, ETH Zurich Presented by: Anna D’Annunzio, Telenor Research

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 76: Price Discrimination I August 27, 2016 14:30 to 16:00 Room 217

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Session Chair: Toomas Hinnosaar, Collegio Carlo Alberto Session type: contributed Pricing with Cookies: Behavior-Based Price Discrimination and Spatial Competition >slides By Chongwoo Choe; Monash University Stephen King; Monash University Noriaki Matsushima; Osaka University Presented by: Noriaki Matsushima, Osaka U On the welfare effects of price discrimination through targeted advertising By Rosa-Branca Esteves; Universidade do Minho and NIPE Joana Resende; Universidade do Porto FEP Presented by: Joana Resende, Universidade do Porto FEP Optimal Selling Mechanisms for On-line Services I: Price Discrimination and the Risk of Interruption By Georgios Petropoulos; Bruegel and Toulouse School of Economics Presented by: Georgios Petropoulos, Bruegel and Toulouse School of Economics

Session 77: Pricing III August 27, 2016 14:30 to 16:00 Room 102

Session Chair: Martin Obradovits, U Frankfurt Session type: contributed What drives price dispersion and market fragmentation across U.S. stock exchanges? By Yong Chao; University of Louisville Chen Yao; University of Warwick Mao Ye; University of Illinois, Urbana-Champaign Presented by: Yong Chao, University of Louisville On the Evolution of the United Kingdom Price Distributions By Ba Chu; Carleton University Kim Huynh; Bank of Canada David Jacho-Chavez; Emory University Oleksiy Kryvtsov; Bank of Canada Presented by: Kim Huynh, Bank of Canada Lost in Transaction: Individual-Level Welfare Loss in Quickly-Circulating Durable Goods Markets with Planned Temporary Ownership By Jun Nakabayashi; Tohoku University Hisayuki Yoshimoto; University of Glasgow Presented by: Hisayuki Yoshimoto, University of Glasgow

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 78: Procurement II August 27, 2016 14:30 to 16:00 Room A224

Session Chair: Paola Valbonesi, University of Padua Session type: contributed The Value of Revolving Doors in Brazilian Public Procurement By Klenio Barbosa; Sao Paulo School of Economics Stephane Straub; Toulouse School of Economics Presented by: Klenio Barbosa, Sao Paulo School of Economics Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers By Giacomo Calzolari; University of Bologna Leonardo Felli; London School of Economics Johannes Koenen; ifo Institute Giancarlo Spagnolo; Stockholm School of Economics-SITE Konrad Stahl; University of Mannheim Presented by: Giacomo Calzolari, University of Bologna The Role of Reputation when Awarding Contracts: Empirical Evidence from a Vendor Rating System By Francesco Decarolis; Boston University Giancarlo Spagnolo; Stockholm School of Economics-SITE Presented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE

Session 79: Vertical Relationships II August 27, 2016 14:30 to 16:00 Room A223

Session Chair: Celine Bonnet, Toulouse School of Economics Session type: contributed Advertising in Vertical Relationships: An Equilibrium Model of the Automobile Industry By Charles Murry; The Pennsylvania State University Presented by: Charles Murry, The Pennsylvania State University The role of nonlinear pricing and resale price maintenance on nominal price stability: Empirical evidence from the ready-to-eat cereal industry By Jorge Florez Acosta; Universidad del Rosario Presented by: Jorge Florez Acosta, Universidad del Rosario Free Entry and Social Inefficiency in Vertical Relationships: The Case of the MRI Market By Ken Onishi; Singapore Management University Naoki Wakamori; University of Tokyo Presented by: Naoki Wakamori, University of Tokyo

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 80: Collusion V August 28, 2016 09:30 to 11:00 Room 102

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Session Chair: Jerome Pouyet, Paris School of Economics Session type: contributed Measuring the Effectiveness of Anti-Cartel Interventions: A Conceptual Framework By Yannis Katsoulacos; Athens University of Economics and Busin Evgenia Motchenkova; VU Amsterdam David Ulph; University of St Andrews Presented by: Evgenia Motchenkova, VU Amsterdam Policy Innovations, Political Preferences, and Cartel Prosecutions By Vivek Ghosal; Georgia Institute of Technology Daniel Sokol; University of Florida Presented by: Vivek Ghosal, Georgia Institute of Technology Collusion in Capacity Under Irreversible Investment By Thomas Fagart; Université Paris 1; Paris School of Economics Presented by: Thomas Fagart, Université Paris 1; Paris School of Economics

Session 81: Empirical Contracts and Auctions August 28, 2016 09:30 to 11:00 Room 240

Session Chair: Philippe Gagnepain, Paris School of Economics Session type: contributed Identification and Estimation of Incentive Contracts under Asymmetric Information: An Application to the French Water Sector By Christian Bontemps; Toulouse School of Economics Presented by: Christian Bontemps, Toulouse School of Economics Specic Investment and Contract Design: Evidence from Public Transportation By Jose Guillermo Diaz; CENTRUM Catolica Kei Kawai; University of California at Berkeley Andre Trindade; Getulio Vargas Foundation Presented by: Jose Guillermo Diaz, CENTRUM Catolica Do Auctions Really Encourage Competition?: Evidence from Revenue Comparisons between Auctions and Negotiations in the Primary Market for Japan’s 10-year Government Bonds By Tsuruoka; Waseda Institute for Advanced Study Presented by: Tsuruoka, Waseda Institute for Advanced Study

Session 82: FDI August 28, 2016 09:30 to 11:00 Room 102

Session Chair: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics Session type: contributed Foreign Direct Investment as a Signal By Onur Koska; Middle East Technical University (METU) Ngo Van Long; McGill University Frank Stähler; University of Tübingen Presented by: Onur Koska, Middle East Technical University (METU) Acquisition or direct entry, technology transfer by foreign multinationals and FDI Policy By Nahom Tesfay Ghebrihiwet; VU University Amsterdam Presented by: Nahom Tesfay Ghebrihiwet, VU University Amsterdam The dynamic competitive effects of trade and foreign direct investment: Firm-level evidence for European countries By John Weche; Monopolies Commission, Germany Presented by: John Weche, Monopolies Commission, Germany

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 83: Gasoline Markets August 28, 2016 09:30 to 11:00 Room 119

Session Chair: Andre Trindade, Getulio Vargas Foundation Session type: contributed Strategic Entry and Potential Competition: Evidence from Compressed Gas Fuel Retail By Giulia Pavan; Toulouse School of Economics Andrea Pozzi; Einaudi Institute for Economics and Fina Gabriele Rovigatti; University of Rome “Tor Vergata” Presented by: Giulia Pavan, Toulouse School of Economics Tax Incidence and Competition – The Case of Gasoline Retail Taxation By Clemens Fuest; Centre for European Economic Research (ZEW) and University of Mannheim Dominik Schober; ZEW Mannheim Oliver Woll; ZEW Mannheim Presented by: Dominik Schober, ZEW Mannheim An Empirical Analysis of Price Guarantees: The Case of the German Petrol Market >slides By Ralf Dewenter Ulrich Schwalbe Presented by: Ulrich Schwalbe, University of Hohenheim

Session 84: Information in Online Markets I August 28, 2016 09:30 to 11:00 Room 118

Session Chair: Rune Stenbacka, Hanken School of Economics Session type: contributed The effect of competition intensity on cybersecurity - An empirical analysis of security patch release on the web browser market By Arrah-Marie Jo, Telecom Paristech Presented by: Arrah-Marie Jo, Telecom Paristech Privacy Protection By Bruno Jullien; Toulouse School of Economics Presented by: Bruno Jullien, Toulouse School of Economics Informative transactions, disclosure and privacy By Pingjing Bo; Jonkoping University Agostino Manduchi, Jönköping University Presented by: Agostino Manduchi, Jönköping University

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 85: Innovation IV August 28, 2016 09:30 to 11:00 Room 143

Session Chair: Reinhilde Veugelers, KU Leuven Session type: contributed A Dynamic View on Family Firms’ Innovation Behavior By Sandra Gottschalk; ZEW Mannheim Bettina Peters; ZEW Mannheim Jonas Steeger; University of Hamburg Presented by: Bettina Peters, ZEW Mannheim Social Media as a Source of Creativity: Hype or a Serious Strategy? By Irene Bertschek; ZEW Mannheim Reinhold Kesler; ZEW Mannheim Presented by: Reinhold Kesler, ZEW Mannheim Technology Polarization By Minoru Kitahara; Osaka City University Koki Oikawa; Waseda University Presented by: Koki Oikawa, Waseda University

Session 86: IO Theory III August 28, 2016 09:30 to 11:00 Room 209

Session Chair: Marco Marini, University of Rome “La Sapienza” & CREI Session type: contributed Default Costs, Financial and Product Market Decisions and Default Risk By Magali Costa; IPLEIRIA, CEFAGE, UEVORA Cesaltina Pires; CEFAGE, Universidade de Évora Presented by: Cesaltina Pires, CEFAGE, Universidade de Évora Theory of monopoly with uncertain demand By Klaus Kultti; university of helsinki Presented by: Klaus Kultti, university of helsinki Bilateral transactions with evidence By Martin Gregor; Charles University, Prague Presented by: Martin Gregor, Charles University, Prague

Session 87: Licensing August 28, 2016 09:30 to 11:00 Room 144

Session Chair: Marc Bourreau, Telecom ParisTech Session type: contributed Dynamic Licencing of a Demand_Enhancing Innovation By Thomas von Ungern-Sternberg; UNIL Presented by: Thomas von Ungern-Sternberg, UNIL Vertical Licensing, Input Pricing, and Entry By ELPINIKI BAKAOUKA; Athens University of Economics and Business Chrysovalantou Milliou; Athens University of Economics and Business Presented by: ELPINIKI BAKAOUKA, Athens University of Economics and Business Open Source Licensing and Software Competition By Vidya Atal; Montclair State University Kameshwari Shankar; City College of New York Presented by: Vidya Atal, Montclair State University

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 88: Mergers IV August 28, 2016 09:30 to 11:00 Room A223

Session Chair: Ricardo Ribeiro, Universidade Católica Portuguesa Session type: contributed Brewed in North America: Mergers, Efficiencies, and Market Power By Margaret Slade; The University of British Columbia Presented by: Margaret Slade, The University of British Columbia An empirical analysis of mergers: efficiency gains and impact on consumer prices By Celine Bonnet; Toulouse School of Economics Jan Philip Schain; Düsseldorf Institute for Competition Economics Presented by: Celine Bonnet, Toulouse School of Economics Identification and Estimation of Intra-Firm and Industry Competition via Ownership Change By Christian Michel; Universitat Pompeu Fabra, Barcelona GSE Presented by: Christian Michel, Universitat Pompeu Fabra, Barcelona GSE

Session 89: Oligopoly II August 28, 2016 09:30 to 11:00 Room 241

Session Chair: Michael Kopel, U Graz Session type: contributed Market Structure and Competition in Transition: Results from a Spatial Analysis By Martin Labaj; University of Economics in Bratislava Karol Morvay; University of Economics in Bratislava Peter Silanic; University of Economics in Bratislava Christoph Weiss; Vienna University of Economics and Business Biliana Yontcheva; Vienna University of Economics and Business Presented by: Biliana Yontcheva, Vienna University of Economics and Business Mixed oligopoly and market power mitigation By Carlos Suarez; Universitat de Barcelona Presented by: Carlos Suarez; Universitat de Barcelona On Managerial Incentive Payment and Product Market Competition By Daniel Danau; U Caen Basse-Normandie Yongying WANG; Université de Caen Presented by: Agostino Manduchi,Yongying WANG, Université de Caen

Session 90: Product Quality August 28, 2016 09:30 to 11:00 Room 215

Session Chair: Guillermo Marshall, University of Illinois at Urbana-Champaign Session type: contributed Inspection in Disguise: A Study of Repeated Restaurant Inspection with A Dynamic View By Jialiang Zhu; George Washington U Presented by: Jialiang Zhu, George Washington U Product Customization in teh Spokes Model By Reiko Aoki; Kyushu U John Hillas; The university of Auckland Tina Kao; Australian National U Presented by: Reiko Aoki, Kyushu U Curbing Obfuscation: Empower Consumers or Regulate Firms? By Yiquan Gu; University of Liverpool Tobias Wenzel; University of Bath Presented by: Yiquan Gu, University of Liverpool

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 91: Rising Stars V August 28, 2016 09:30 to 11:00 Room A224

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Session Chair: Matthijs Wildenbeest, Indiana U Session type: contributed Competing Under Financial Constraints >slides By Guillem Ordonez-Calafi; University of Warwick Presented by: Guillem Ordonez-Calafi, University of Warwick Discussant: Yossi Spiegel, Tel Aviv U Beyond financing: crowdfunding as an informational mechanism By Jordana Viotto; Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTech Presented by: Jordana Viotto, Université Paris 13 (CEPN, Labex ICCA) and Télécom ParisTech Discussant: Matthew Mitchell, University of Toronto Reference prices in the Italian procurement for medical devices: a semi-parametric analysis By Riccardo Marchi Adani; University of Verona Presented by: Riccardo Marchi Adani, University of Verona Discussant: Matthijs Wildenbeest, Indiana U

Session 92: Trade and IO II August 28, 2016 09:30 to 11:00 Room 217

Session Chair: David Collie, Cardiff University Session type: contributed Export Destination Market Characteristics and Markups in a Small Open Economy By Umut Kilinc; STATEC, Luxembourg Presented by: Umut Kilinc, STATEC, Luxembourg Temporary investment incentives and divestment by foreign firms By Jose Mata; University of Lausanne Paulo Guimaraes; Universidade do Porto Presented by: Jose Mata, University of Lausanne Factors Mediating Foreign R&D Spillovers: A Multidimensional Approach By Dolores Añon Higon; Universitat de Valencia Miguel Manjon; Rovira i Virgili University Presented by: Dolores Añon Higon, Universitat de Valencia

Session 93: Vertical Relationships III August 28, 2016 09:30 to 11:00 Room A120

Session Chair: Joao Montez, University of Lausanne Session type: contributed Exclusive dealing with imperfect rent extraction By Giacomo Calzolari; University of Bologna Presented by: Giacomo Calzolari, University of Bologna Vertical Licensing, Input Pricing, and EntryPartial Exclusivity By Philippe Chone; CREST Laurent Linnemer; CREST Thibaud VERGE; CREST Presented by: Laurent Linnemer, CREST Vertical Information Restraints: The Pro- and Anti- Competitive Impacts of Minimum Advertised Price Restrictions By John Asker; UCLA Heski Bar-Isaac; University of Toronto Presented by: Heski Bar-Isaac, University of Toronto

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 94: Regulated Markets August 28, 2016 11:30 to 13:00 Room A120

Session Chair: Victor Aguirregabiria, University of Toronto Session type: contributed The Welfare Impact of Long-Term Contracts By Igal Hendel; Northwestern University Presented by: Igal Hendel, Northwestern University The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons By Hunt Allcott; NYU Presented by: Hunt Allcott, NYU

Session 95: Auctions Empirics August 28, 2016 11:30 to 13:00 Room 119

Session Chair: Marco Pagnozzi, Universita’ di Napoli Federico II Session type: contributed Project Modifications and Bidding in Highway Procurement Auctions By Dakshina De Silva; Lancaster University Timothy Dunne; Federal Reserve Bank Of Atlanta Georgia Kosmopoulou; University of Oklahoma and National Science Foundation Carlos Lamarche; University of Kentucky Presented by: Dakshina De Silva, Lancaster University Auctioneers as Market Makers: Managing Momentum in Chittagong Tea Auctions By Tanjim Hossain; University of Toronto Fahad Khalil; University of Washington Matthew Shum; Caltech Presented by: Tanjim Hossain, University of Toronto The Effect of Revenue Uncertainty on Procurement Outcomes - Evidence from German Railway Passenger Services By Stefan Weiergraeber; Indiana University Christoph Wolf; University of Mannheim Presented by: Stefan Weiergraeber, Indiana University

Session 96: Credit Markets II August 28, 2016 11:30 to 13:00 Room 118

Session Chair: Oivind Nilsen, Norwegian School of Economics Session type: contributed Sorry, we’re closed: loan conditions when bank branches close and firms transfer to another bank By Diana Bonfim; Banco de Portugal Gil Nogueira; Banco de Portugal Steven Ongena; University of Zurich Presented by: Diana Bonfim, Banco de Portugal The Value of Information in Relationship Lending By Nicola Pavanini; University of Zurich Fabiano Schivardi; Bocconi University Presented by: Nicola Pavanini, University of Zurich Ultimate Ownership and Bank Competition By Jose Azar; Charles River Associates Sahil Raina; University of Michigan, Ross School of B Martin Schmalz; U Michigan Presented by: Martin Schmalz, U Michigan

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 97: Disclosure August 28, 2016 11:30 to 13:00 Room 215

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Session Chair: Wilfried Sand-Zantman, Toulouse School of Economics Session type: contributed The Enforcement of Mandatory Disclosure Rules By Matthias Dahm; University of Nottingham Paula Gonzalez; Universidad Pablo de Olavide Presented by: Paula Gonzalez, Universidad Pablo de Olavide Memory and Markets By Sergei Kovbasyuk; Einaudi Institute for Economics and Finance Giancarlo Spagnolo; Stockholm School of Economics-SITE Presented by: Giancarlo Spagnolo, Stockholm School of Economics-SITE Data Security in the Digital Age: Reputation and Strategic Interactions in Security Investment By Ying Lei Toh; Toulouse School of Economics Presented by: Ying Lei Toh, Toulouse School of Economics

Session 98: Electricity Markets II August 28, 2016 11:30 to 13:00 Room 219

Session Chair: Mario Samano, HEC Montreal Session type: contributed Welfare and Redistribution Effects of Alternative Tariffs In Energy Markets with Solar Power By Fabian Feger; University of Bern Nicola Pavanini; University of Zurich Doina Radulescu; University of Bern Presented by: Fabian Feger, University of Bern Technological Choice in Response to Environmental Regulation: Electricity Markets and the Clean Power Plan By Jose Miguel Abito; Wharton School, University of Pennsylvan Christopher Knittel; MIT Konstantinos Metaxoglou; Carleton University Andre Trindade; Getulio Vargas Foundation Presented by: Andre Trindade, Getulio Vargas Foundation Market Power and Asymmetric Pass-through in German Electricity Retail By Tomaso Duso; DIW-Berlin Florian Szuecs; WU Vienna Presented by: Florian Szuecs, WU Vienna

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 99: Environmental Econ II August 28, 2016 11:30 to 13:00 Room 143

Session Chair: Dominik Schober, ZEW Mannheim Session type: contributed Does an Optimal Voluntary Approach Flexibly Control Emissions from Heterogeneous Firms? By Ryo Ishida; Ministry of Finance (Japan) Takuro Miyamoto; Waseda University Presented by: Takuro Miyamoto, Waseda University Supply Side Effects of Pollution Tax Rate Asymmetries By Harald Hinterecker; Karl-Franzens-Universität Graz Michael Kopel; U Graz Presented by: Harald Hinterecker, Karl-Franzens-Universität Graz Green Inventions: Is Wait-and-see a Reasonable Option? By Tobias Stucki; ETH Zurich Martin Woerter; ETH Zürich Presented by: Martin Woerter, ETH Zürich

Session 100: Financial Constraints August 28, 2016 11:30 to 13:00 Room 209

Session Chair: John Weche, Monopolies Commission, Germany Session type: contributed Impact of economic crises on firm dynamics: the role of financial constraints By Carlos Carreira; University of Coimbra Paulino Teixeira; University of Coimbra Presented by: Carlos Carreira, University of Coimbra R&D and Credit Constraints during the Financial Crisis By Sarah Demeulemeester; KULeuven Dirk Czarnitzki; KU Leuven Presented by: Sarah Demeulemeester, KULeuven The impact of the financial crisis on investments of innovative firms By Marek Giebel; TU Dortmund Kornelius Kraft; University of Dortmund Presented by: Marek Giebel, TU Dortmund

Session 101: Information Economics II August 28, 2016 11:30 to 13:00 Room 144

Session Chair: Paul Heidhues, European School of Management and Techno Session type: contributed On Signalling and Screening in Markets with Asymmetric Information By Anastasios Dosis; ESSEC Business School Presented by: Anastasios Dosis, ESSEC Business School Complementary monopolies with asymmetric information By Didier Laussel; GREQAM) Aix-Marseille School of Economic Joana Resende; Universidade do Porto FEP Presented by: Joana Resende, Universidade do Porto FEP Hold-up in Vertical Hierarchies with Adverse Selection By Alberto Palermo; EBS Presented by: Alberto Palermo, EBS

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 102: Information in Online Markets II August 28, 2016 11:30 to 13:00 Room 241

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Session Chair: Konrad Stahl, University of Mannheim Session type: contributed Under-promise and Over-Deliver? - How Online Consumer Reviews Affect Firms By Simon Martin; University of Vienna Sandro Shelegia; Pompeu Fabra University Presented by: Simon Martin, University of Vienna Consumer Rating Dynamics: Strategic Price-Setting and the Impact on Future Profits via Reviews By Andre Stenzel; University of Leicester Christoph Wolf; University of Mannheim Presented by: Andre Stenzel, University of Leicester Competition and welfare consequences of information aggregators By Amedeo Piolatto; Barcelona Economics Institute Presented by: Amedeo Piolatto, Barcelona Economics Institute

Session 103: Multiproduct Firms August 28, 2016 11:30 to 13:00 Room 102

Session Chair: Piercarlo Zanchettin, University of Leicester Session type: contributed Multiproduct-Firm Oligopoly: An Aggregative Games Approach By Volker Nocke; U Mannheim Nicolas Schutz; University of Mannheim Presented by: Nicolas Schutz, University of Mannheim Dynamic Pricing and Consumer Loyalty in a Multiproduct Oligopoly By Mateusz Mysliwski; University College London Fabio Sanches; University of Sao Paulo Daniel Silva Junior; London School of Economics Sorawoot Srisuma; University of Surrey Presented by: Mateusz Mysliwski, University College London Vertical Differentiation and Collusion: Cannibalization or Proliferation? By Jean Gabszewicz; Université Catholique de Louvain Marco Marini; University of Rome “La Sapienza” & CREI Ornella Tarola; University of Rome Presented by: Marco Marini, University of Rome “La Sapienza” & CREI

Session 104: Pharmaceuticals II August 28, 2016 11:30 to 13:00 Room 240

Session Chair: Margaret Kyle, MINES ParisTech Session type: contributed Umbrella Branding in Pharmaceutical Markets By Moritz Suppliet; Dusseldorf Institute for Competition Economics (DICE), HeinrichHeine-University Dusseldorf Presented by: Moritz Suppliet, Dusseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University Dusseldorf Market Exclusivity, Entry, and Consumer Welfare: The Case of FDA Regulation on the Rx-to-OTC Switch By Yang Zhang; Cornell University Presented by: Yang Zhang, Cornell University Drug Procurement Auctions and Supply Uncertainty By Ulrich Laitenberger; ZEW Mannheim Presented by: Ulrich Laitenberger; ZEW Mannheim

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 105: R & D and Innovation II August 28, 2016 11:30 to 13:00 Room 117

Session Chair: David Perez-Castrillo, UAB Session type: contributed Corporate scientists as triggers of transitions in firms’ R&D strategies By Andrés Barge-Gil; Universidad Complutense Presented by: Andrés Barge-Gil, Universidad Complutense Novel science for industry By Reinhilde Veugelers; KU Leuven Presented by: Reinhilde Veugelers; KU Leuven How Much Do Individuals and Organizations Contribute to Innovation? By Ajay Bhaskarabhatla; Erasmus School of Economics Deepak Hegde; New York University Thomas Peeters; Erasmus University Rotterdam Presented by: Thomas Peeters, Erasmus University Rotterdam

Session 106: Rising Stars VI August 28, 2016 11:30 to 13:00 Room A224

Session Chair: Patrick Rey, Toulouse School of Economics Session type: contributed Information Exchange and Consumer Search By Anton Sobolev; University of Vienna Presented by: Anton Sobolev, University of Vienna Discussant: Yongmin Chen, University of Colorado at Boulder English versus Vickrey auction with loss averse bidders By Jonas von Wangenheim; Humboldt Universität Berlin Presented by: Jonas von Wangenheim, Humboldt Universität Berlin Discussant: Ran Spiegler, Tel Aviv University and University Colle Ex post analysis of State aids : Empirical study of restructuring aids impact on investment By Juliette Rey; Paris 1 panthéon-sorbonne Presented by: Juliette Rey, Paris 1 panthéon-sorbonne Discussant: Patrick Rey, Toulouse School of Economics

Session 107: Search and Switching Costs August 28, 2016 11:30 to 13:00 Room 217

Session Chair: Joanna Syrda, University of Bath Session type: contributed Consumer state dependence, switching costs, and forward-looking producers. A dynamic discrete choice model applied to the diaper market By Dennis Rickert; DICE; University of Düsseldorf Presented by: Dennis Rickert, DICE; University of Düsseldorf Consumer search, competition and price dispersion in retail electricity By Klaus Gugler; WU Vienna Sven Heim; ZEW Mannheim, Centre for European Economic Research Mannheim Presented by: Sven Heim, ZEW Mannheim, Centre for European Economic Research Mannheim Salience and Switching By Andras Kiss; University of Amsterdam Presented by: Andras Kiss; University of Amsterdam

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 108: Vertical Contracts, Empirics I August 28, 2016 11:30 to 13:00 Room A223

49

Session Chair: Laurent Linnemer, CREST Session type: contributed Technology Adoption, Vertical Restraints and Partial Foreclosure: Changing the Structure of an Industry By Michelle Sovinsky; U Mannheim Presented by: Michelle Sovinsky, U Mannheim E-book Pricing and Vertical Restraints By Babur De los Santos; Clemson University Matthijs Wildenbeest; Indiana U Presented by: Matthijs Wildenbeest, Indiana U Rationales for Non-binding Retail-Price Recommendations: An Empirical Assessment By Tadas Bruzikas; U Groningen Presented by: Tadas Bruzikas; U Groningen

Session 109: Auction Theory II August 28, 2016 14:30 to 16:00 Room 241

Session Chair: Leslie Marx, Fuqua School of Business Session type: contributed Improving Efficiency Using Reserve Prices: An Equilibrium Analysis of CoreSelecting Package Auctions By Ryuji Sano; Kyoto University Presented by: Ryuji Sano; Kyoto University Collusion with a Greedy Center in Position Auctions By Emmanuel Lorenzon; University of Bordeaux Presented by: Emmanuel Lorenzon; University of Bordeaux Auctions with resale: reserve prices and revenues By Gabor Virag; U Toronto Presented by: Gabor Virag; U Toronto

Session 110: Behavioral IO August 28, 2016 14:30 to 16:00 Room A120

Session Chair: Heski Bar-Isaac, University of Toronto Session type: invited Equilibrium Effects of Nudging By Ran Spiegler; Tel Aviv University and University Colle Presented by: Ran Spiegler; Tel Aviv University and University Colle Naivete-based Discrimination By Paul Heidhues; European School of Management and Techno Presented by: Paul Heidhues; European School of Management and Techno

50

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 111: Collusion VI August 28, 2016 14:30 to 16:00 Room 144

Session Chair: Alexander Rasch, Duesseldorf Institute for Competition Economics, University of Duesseldorf Session type: contributed Responsibility-based allocation of cartel damages By Dominik Welter; University of Bayreuth Stefan Napel; University of Bayreuth Presented by: Dominik Welter, University of Bayreuth On the allocation of evidence among cartelists under a leniency program: how many informants are enough? By Konstantinos Charistos; University of Macedonia Christos Constantatos; University of Macedonia Presented by: Konstantinos Charistos, University of Macedonia Public versus private sanctions: the case of cartels By Franco Mariuzzo; University of East Anglia Presented by: Franco Mariuzzo; University of East Anglia

Session 112: Contracts II August 28, 2016 14:30 to 16:00 Room 209

Session Chair: Alexei Alexandrov, Consumer Financial Protection Bureau Session type: contributed Dispersion and Aggregation of Signals in Relational Contracts By Akifumi Ishihara; National Graduate Institute for Policy S Akitoshi Muramoto Presented by: Akifumi Ishihara, National Graduate Institute for Policy S Setting priorities and cutting corners in relational incentive contracts By Jin Li; Northwestern University Arijit Mukherjee; Michigan State University Luis Vasconcelos; University of Essex Presented by: Luis Vasconcelos, University of Essex On the optimal use of correlated information in contractual design under limited liability By Daniel Danau; U. Caen Basse-Normandie Annalisa Vinella; University of Bari Presented by: Daniel Danau, U Caen Basse-Normandie

Session 113: Dynamic Pricing August 28, 2016 14:30 to 16:00 Room 143

Session Chair: Nikolaos Vettas, Athens U of Economics and Business Session type: contributed Optimal dynamic pricing with demand uncertainty and finite inventory By Philippe Chone; CREST Laurent Linnemer; CREST Presented by: Philippe Chone, CREST Competing for Strategic Buyers By Vincent Meisner; TU Berlin Presented by: Vincent Meisner; TU Berlin

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 114: Energy and Environmental Econ August 28, 2016 14:30 to 16:00 Room 217

Session Chair: Hunt Allcott, NYU Session type: contributed Does the EU ETS Cause Carbon Leakage in European Manufacturing? A Sector-Level Analysis By Helene Naegele; DIW Berlin Presented by: Helene Naegele; DIW Berlin Productive performance of regulated utilities: the case of German refuse collectors By Maria Friese; Heinrich Heine University Düsseldorf Ulrich Heimeshoff; DICE; University of Düsseldorf Gordon Klein; U Düsseldorf Presented by: Maria Friese, Heinrich Heine University Düsseldorf The Prosumers and the Grid By Axel Gautier; U Liege, HEC Management School Julien Jacqmin; University of Liege Jean-Christophe Poudou; University of Montpellier Presented by: Axel Gautier, U Liege, HEC Management School

Session 115: Experiments III August 28, 2016 14:30 to 16:00 Room 118

Session Chair: Hans-Theo Normann, U Düsseldorf Session type: contributed Choosing whether to compete: Price and format competition with consumer confusion By Paolo Crosetto; INRA - French National Institute for Agronomic Research Alexia Gaudeul; Georg-August-Universität Göttingen Presented by: Alexia Gaudeul, Georg-August-Universität Göttingen Huntin Unicorns? Experimental Evidence on Predatory Pricing By Armin Schmutzler; University of Zurich Presented by: Armin Schmutzler; University of Zurich

Session 116: Firm Dynamics II August 28, 2016 14:30 to 16:00 Room 215

Session Chair: Kim Huynh, Bank of Canada Session type: contributed Acquisitions, Markups, and Efficiency: Evidence from India By Joel Stiebale; University of Duesseldorf Dev Vencappa; University of Nottingham Presented by: Joel Stiebale, University of Duesseldorf Demand Shock and Productivity: What Determines Firms’ Investment and Exit Decisions? By Pradeep Kumar; U Exeter Presented by: Pradeep Kumar; U Exeter The Role of Heterogeneous Markups when Quantifying Misallocation: Firm-Level Evidence for Italy By Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata University Presented by: Sara Calligaris; Einaudi Institute for Economics and Finance (EIEF) & Tor Vergata University

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 117: Information Economics III August 28, 2016 14:30 to 16:00 Room A223

Session Chair: Marta Troya-Martinez, New Economic School Session type: contributed Certification and Market Transparency By Konrad Stahl; University of Mannheim Presented by: Konrad Stahl; University of Mannheim The Social Value of Information with an Endogenous Public Signal By Anna Bayona; ESADE Business School Presented by: Anna Bayona; ESADE Business School Inducing Herding with Capacity Constraints By Alexei Parakhonyak; University of Oxford Nick Vikander; University of Copenhagen Presented by: Alexei Parakhonyak; University of Oxford

Session 118: Micro Theory II August 28, 2016 14:30 to 16:00 Room 119

Session Chair: Klaus Kultti, university of helsinki Session type: contributed To the highest bidder: The market for talent in sports leagues By Roberto Burguet; Institute of Economic Analysis (CSIC) Jozsef Sakovics; The University of Edinburgh Presented by: Jozsef Sakovics; The University of Edinburgh Skill Diversity and Leadership in Team Production By Keisuke Hattori; Osaka University of Economics Mai Yamada; Showa Women’s University Presented by: Mai Yamada; Showa Women’s University Optimal Defensive Patent Insurance Contracts By Jorge Lemus; University of Illinois Urbana Champaign Emil Temnyalov John Turner; University of Georgia Presented by: Jorge Lemus; University of Illinois Urbana Champaign

Session 119: Oligopoly III August 28, 2016 14:30 to 16:00 Room 102

Session Chair: Martin Gregor, Charles University, Prague Session type: contributed Competitive and Welfare Implications of Cross-Holdings in Oligopoly By Hongkun Ma; Shandong University Cheng-Zhong Qin; University of California at Santa Barbara Chenhang Zeng; RCGEB, Shandong University Presented by: Chenhang Zeng; RCGEB, Shandong University Mixed Duopoly: A Differential Game Approach By Koichi Futagami; Osaka University Toshihiro Matsumura; The University of Tokyo Kizuku Takao; Aomori Public University Presented by: Kizuku Takao; Aomori Public University Taxation under Oligopoly in a General Equilibrium Setting By David Collie; Cardiff University Presented by: David Collie; Cardiff University

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 120: Pharmaceuticals III August 28, 2016 14:30 to 16:00 Room A224

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Session Chair: Paula Gonzalez, Universidad Pablo de Olavide Session type: contributed The More We Die, The More We Sell? A Simple Test of the Home-Market Effect By Arnaud Costinot; MIT Dave Donaldson; Stanford University Margaret Kyle; MINES ParisTech Heidi Williams; MIT Presented by: Margaret Kyle; MINES ParisTech Competitive Dynamics in the Pharmaceutical Industry By Micael Castanheira; ECARES, ULB Carmine Ornaghi; University of Southampton Georges Siotis; Universidad Carlos III de Madrid Presented by: Carmine Ornaghi; University of Southampton The Incentives for M&As in the Pharmaceutical Industry By Hendrik Meder; KU Leuven Presented by: Hendrik Meder; KU Leuven

Session 121: Telecoms II August 28, 2016 14:30 to 16:00 Room 219

Session Chair: Mattia Nardotto, DIW Berlin Session type: contributed Private Operators’ Entry Strategies in the FttH Market – The Case of France By Maude Hasbi; Telecom ParisTech Presented by: Maude Hasbi; Telecom ParisTech Bridging the Digital and Economic divide? an evaluation of a State aid Program for Broadband Deployment in Rural Areas of Bavaria By Wolfgang Briglauer; ZEW Mannheim Niklas Duerr; ZEW Mannheim Oliver Falck; University of Munich (LMU) Kai Hueschelrath; ZEW Mannheim Presented by: Niklas Duerr; ZEW Mannheim Regulation and Investment in European High-Speed Broadband Infrastructure By Wolfgang Briglauer; ZEW Mannheim Carlo Cambini; Politecnico di Torino Michal Grajek; ESMT European School of Management and Technology Presented by: Michal Grajek; ESMT European School of Management and Technology

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Session 122: Vertical Contracts, Empirics II August 28, 2016 14:30 to 16:00 Room 240

Session Chair: Charles Murry, The Pennsylvania State University Session type: contributed Vertical Integration and Consumer Welfare under Non-Price Competition in the Movie Theater Industry By In Kyung Kim; Nazarbayev U Presented by: In Kyung Kim; Nazarbayev U Franchisor Moral Hazard and Outlet Location Choices: Evidence from Franchised Chains in South Korea By Jungwon Yeo; Singapore Management University Presented by: Jungwon Yeo; Singapore Management University Vertical Relationships in Bilateral Oligopolies: A Structural Bargaining Model with Limited Data By Celine Bonnet; Toulouse School of Economics Zohra Bouamra Mechemache; Toulouse School of Economics (GREMAQ-INRA) Hugo Molina; Ecole polytechnique Presented by: Hugo Molina; Ecole polytechnique

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

INDEX OF PRESENTERS Legend: C=chair, P=Presenter, D=Discussant Añon Higon, Dolores

P92

Carreira, Carlos

P100

Affeldt, Pauline

P17

Chao, Yong

P77

Aghadadashli, Hamid

P1

Charistos, Konstantinos

P111

Aguirregabiria, Victor

P15, D31, C94

Chen, Xi

P62

Alexandrov, Alexei

P46, P73, C112

Chen, Yongmin

P49, D106

Allain, Marie Laure

C15, P53

Chone, Philippe

C9, P113

Allcott, Hunt

P94, C114

Christin, Clemence

P35

Andersson, Ola

P34

Clerides, Sofronis

C16, D16, P52

Aoki, Reiko

P90

Collie, David

C92, P119

Armand, Alex

P56

Conkling, Thomas

P69

Arve, Malin

P42

Correia-da-Silva, Joao

P58

Atal, Vidya

C74, P87

Cosnita-Langlais, Andreea

P75

Athanasopoulos, Athanasios

P10

Crawford, Gregory

D16, P65

BAKAOUKA, ELPINIKI

P87

Cunha, Mariana

P30

Bar-Isaac, Heski

D61, P93, C110

D’Annunzio, Anna

P75

Barbosa, Klenio

P78

Danau, Daniel

P112

Barge-Gil, Andrés

P105

Dargaud, Emilie

P36

Bartoloni, Eleonora

P72

de Haas, Samuel

P36

Battaggion, Maria Rosa

P48

de Rassenfosse, Gaetan

P74

Bayona, Anna

C71, P117

De Silva, Dakshina

P95

Bedre-Defolie, Özlem

C13, P37

Demeulemeester, Sarah

P72, P100

Bennato, Anna Rita

P18

dePinto, Marco

P11

Bokhari, Farasat

P12

Deuflhard, Florian

P45

Bonatti, Alessandro

D16, P19

Diaz, Jose Guillermo

P81

Bonfim, Diana

P96

Dimakopoulos, Philipp

P16

Bonnet, Celine

C79, P88

Dittrich, Johannes

P48

Bontemps, Christian

C21, P81

Dobbelaere, Sabien

P37

Bos, Iwan

C18, P36

Dosis, Anastasios

P101

Bourreau, Marc

P13, C87

Duch-Brown, Nestor

P54

Broos, Sébastien

P33

Duerr, Niklas

P121

Bruzikas, Tadas

P34, P108

Dyballa, Katharina

P20

Buehler, Stefan

P14, C26

Ebina, Takeshi

P40

Buso, Marco

P68

Einiö, Elias

P72

Cabral, Luis

P32, D45, C49

Ellman, Matthew

C11, P58

Cai, Dapeng

P62

Ershov, Daniel

P45

Calligaris, Sara

P116

Fagart, Thomas

P80

Calzolari, Giacomo

C63, P78, P93

Feger, Fabian

P98

Canidio, Andrea

C42, P57

Ferraro, Jimena

P39

55

56

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Fink, Nikolaus

P18

Ilin, Cornelia

P45

Fiuza, Eduardo

P22

Iozzi, Alberto

C30, P44

Florez Acosta, Jorge

P79

Ishihara, Akifumi

P112

Friese, Maria

P114

Ishikawa, Jota

P62

Gagnepain, Philippe

P9, C81

Itin-Shwartz, Beata

P31

Gamp, Tobias

P32

Itoh, Hideshi

P42

Garcia, Filomena

P26

Janssen, Maarten

C32, P63

Garcia Pires, Armando J.

P7

Jeon, Jihye

P31

Gaudeul, Alexia

C53, P115

Jo, Arrah-Marie

P84

Gaudin, Germain

P35

Johnen, Johannes

P60

Gautier, Axel

C5, P114

Jullien, Bruno

D61, P84

Genesove, David

P8, C31, D31

Jung, Markos

P25

Gezer, Serhat

P24

Karle, Heiko

C34, P75

Ghosal, Vivek

C67, P80

Kastl, Jakub

P2, C65

Giebel, Marek

P100

Kawaguchi, Kohei

C3, P50

Godenhielm, Mats

P60

Kesler, Reinhold

P85

Gonzalez, Paula

P97, C120

Kiedaisch, Christian

P39

Grajek, Michal

C17, P121

Kilinc, Umut

P92

Gregor, Martin

P86, C119

Kim, In Kyung

P122

Gregory-Smith, Ian

C7, P20

Kim, Myongjin

P3, C22

Gretschko, Vitali

P51

Kim, Hyunchul

P15

Gu, Yiquan

C41, P90

Kiss, Andras

C46, P107

Hasbi, Maude

P121

Kitano, Taiju

P52

Hefti, Andreas

P34

Kokovin, Sergey

P25, C82

Heidhues, Paul

C101, P110

Kopel, Michael

P41, C89

Heim, Sven

P107

Koska, Onur

P82

Hellmann, Tim

C10, P26

Kultti, Klaus

P86, C118

Hellwig, Michael

P6

Kumar, Pradeep

C38, P116

Hendel, Igal

P94

Kyle, Margaret

C104, P120

Herbst, Holger

P61

Laitenberger, Ulrich

P104

Heresi, José Ignacio

P61

Lang, Matthias

C58, P73

Hinnosaar, Toomas

P58, C76

Larrieu, Thomas

P28

Hinterecker, Harald

P99

Lasio, Laura

P12

Hossain, Tanjim

P95

Lømo, Teis

P14

Hud, Martin

P56

Lee, Pak Yee

P43

Hueschelrath, Kai

P3, C64

Lelarge, Claire

P11, C54

Hussinger, Katrin

P73

Lemus, Jorge

C27, P118

Huynh, Kim

P77, C116

Letina, Igor

P39

Hyytinen, Ari

P44

Levonyan, Vardges

P55

Ikuta, Yusuke

P47

Li, Kun

P54

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Lijesen, Mark

P64

Murry, Charles

P79, C122

Linnemer, Laurent

P93, C108

Mysliwski, Mateusz

P103

Lipatov, Vilen

P13

Naegele, Helene

P114

Loertscher, Simon

P57, C73

Nagaoka, Sadao

P27, C39, P74

Lorenzon, Emmanuel

P109

Nardotto, Mattia

P17, C121

Luelfesmann, Christoph

P68

Newberry, Peter

C8, P22

Machado, Matilde

C55, P70

Nicolle, Ambre

P16

Magnolfi, Lorenzo

P22

Nieswand, Maria

P30

Malo, Stéphane

P29

Nilsen, Oivind

P69, C96

Mamadehussene, Samir

P14

Nishijima, Masuyuki

P41

Manduchi, Agostino

P84

Nishiwaki, Masato

P18

Mantovani, Andrea

P10

Normann, Hans-Theo

P23, C115

Marchi Adani, Riccardo

P91

Nosal, Kathleen

P55, C70

Marini, Marco

C86, P103

Nowak, Verena

P47

Mariuzzo, Franco

C40, P111

Obradovits, Martin

P60, C77

Marshall, Guillermo

P15, P40, C90

Odenkirchen, Johannes

P4

Martin, Simon

P102

ohashi, hiroshi

P50

Marx, Leslie

P51, C109

Oikawa, Koki

C29, P85

Masiero, Giuliano

P6

Okada, Yoshimi

P27

Mata, Jose

C62, P92

Oki, Ryoko

P43

Matsushima, Noriaki

P76

Olczak, Matthew

C4, P67

Matvos, Gregor

P2

Ordonez-Calafi, Guillem

P91

Maxin, Hannes

P71

Ornaghi, Carmine

C12, P120

McGowan, Danny

P47

Pagnozzi, Marco

P23, C95

Meder, Hendrik

P120

Palermo, Alberto

P101

Meisner, Vincent

P113

Parakhonyak, Alexei

P117

Michel, Christian

C68, P88

Pavan, Giulia

P83

Milliou, Chrysovalantou

P63

Pavanini, Nicola

C69, P96

Millot, Valentine

P46

Peeters, Thomas

P105

Mitchell, Matthew

P19, D91

Peeters, Ronald

C23, P53

Miyamoto, Takuro

P99

Peitz, Martin

P33, C61, D61

Mizuno, Keizo

P63

Pereira, Pedro

C59, P66

Moellers, Claudia

P23

Perez-Castrillo, David

P29, C105

Molina, Hugo

P122

Peters, Bettina

C72, P85

Mollisi, Vincenzo

P11

Petropoulos, Georgios

P76

Montez, Joao

P35, C93

Pfeifer, Gregor

P38

Moraga-Gonzalez, Jose L.

P32, C33

Piechucka, Joanna

P9

Mori, Yusuke

P42

Piekkola, Hannu

P38

Motchenkova, Evgenia

P80

Piga, Claudio

P3, C50

Murmann, Martin

P38

Piolatto, Amedeo

C25, P102

57

58

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Pires, Cesaltina

P86

Spiegler, Ran

D106, P110

Planer-Friedrich, Lisa

P20

Stahl, Konrad

C102, P117

Polo, Michele

C36, P66

Stenbacka, Rune

P5, C84

Pouyet, Jerome

P71, C80

Stenzel, Andre

P102

Rasch, Alexander

P4, C111

Stiebale, Joel

P116

Rechlitz, Julia

P30

Stitzing, Robin

P52

Resende, Joana

C60, P76, P101

SUAREZ, CARLOS

P89

Rey, Juliette

P106

Sudaric, Slobodan

P10

Rey, Patrick

P4, C106, D106

Suppliet, Moritz

P104

Ribeiro, Ricardo

P59, C88

Syrda, Joanna

P8, C107

Rickert, Dennis

P107

Szuecs, Florian

P98

Roy, Santanu

P71

Takao, Kizuku

P119

Sacks, Michael

P57

Tebaldi, Pietro

P70

Sahm, Marco

P1

Temnyalov, Emil

P64

Sakovics, Jozsef

P41, C51, D118

Tesfay Ghebrihiwet, Nahom

P82

Samano, Mario

P6, C98

Thiel, Jurre

P61

Sand-Zantman, Wilfried

P40, C97

Thoene, Miriam

P1

Sandor, Zsolt

P21

Toh, Ying Lei

P97

Sano, Ryuji

P109

Toth, Lukas

P66

Santos, Anabela

P29

Tregouet, Thomas

P13, C28

Santos-Pinto, Luis

P7

Trindade, Andre

C83, P98

Saric, Amela

P55

Troya-Martinez, Marta

P5, C117

Savelkoul, Ruben

P59

Tsukada, Naotoshi

P56

Schmalz, Martin

P96

Tsuruoka,

P81

Schmutzler, Armin

C24, P115

Ushchev, Philipp

P21

Schnurr, Daniel

P17, P53

Valbonesi, Paola

P44, C78

Schober, Dominik

P83, C99

Van Moer, Geert

P59

Schoonbeek, Lambert

P5

Vasconcelos, Luis

C37, P112

Schuett, Florian

C56, P74

Verdier, Marianne

P43, C75

Schutz, Nicolas

C47, P103

VERGE, Thibaud

P28, C35

SCHWALBE, ULRICH

C66, P83

Vettas, Nikolaos

C113

Seliger, Florian

P26

Veugelers, Reinhilde

C85, P105

Seres, Gyula

P67

Vial, Bernardita

P69

Shelegia, Sandro

C1

Viete, Steffen

P54

Siedlarek, Jan-Peter

P9

Viotto, Jordana

P91

Slade, Margaret

D31, P88

Virag, Gabor

C57, P109

Sobolev, Anton

P106

Vives, Xavier

P51

Sovinsky, Michelle

C2, D45, P108

von Ungern-Sternberg, Thomas

C14, P87

Spagnolo, Giancarlo

C44, P78, P97

von Wangenheim, Jonas

P106

Spiegel, Yossi

P67, D91

Wakamori, Naoki

P79

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

Waldfogel, Joel

C45, D45, P65

WANG, Yongying

P89

Wang, Chengsi

P28, C43

Wang, Wenche

P46

Waterson, Michael

C6, P25

Weche, John

P82, C100

Weiergraeber, Stefan

P95

Welter, Dominik

P111

White, Lawrence

P8, C20

Wildenbeest, Matthijs

C91, D91, P108

Wilhelm, Sascha

P31

Wilson, Chris

P33, C48

Woerter, Martin

C52, P99

Wolf, Christoph

P37

Xu, Lei

P68

Yamada, Mai

P118

P118

Yeo, Jungwon

P122

P122

Yontcheva, Biliana

P89

Yoshimoto, Hisayuki

P77

Yuan, Zhe

P64

Zanchettin, Piercarlo

P27, C103

Zegners, Dainis

P16

Zeng, Chenhang

P119

Zennyo, Yusuke

P48

Zhang, Yang

P104

Zhou, Jidong

C19, P49

Zhu, Jialiang

P90

Zvilichovsky, David

P24

59

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

ADDITIONAL PRACTICAL INFORMATION ABOUT LISBON AND PORTUGAL General information Language: Portuguese (official language) Currency: Euro (EUR) – Portugal is a member of the Eurozone ATMs are available in Lisbon and all types of credit cards are accepted. Remember that every time you withdraw cash, there will be a transaction surcharge. Find out from your bank the exact amount. Most shops and restaurants have credit card services. Just in case, especially for small amounts, ask in advance if the service is available. Tipping: in expensive restaurants it is expected, with around 5 percent being the usual amount. Taxi drivers do not have to be tipped. Health: No particular health risks. Time difference: GMT +0 hour Dialling code: +351 Temperature: In summer, weather is generally hot with average minimum temperatures between 14 and 17°C and average maximum temperatures between 27 and 34°C Electricity: the electrical system in Portugal is 220 volts. To use 120-volt appliances you need both a transformer and an adapter plug. Both of these can be purchased in electrical stores or travelers’ shops before arriving in Portugal or in Portugal after you arrive. Banks: in general, banks are open Monday through Friday from 8:30 am to 3:00 pm. Passport & VISA: European Citizens whose countries are in the Schengen Area can enter Portugal just on a valid identity card or passport. Citizens from all other countries must show their passports; where a visa is required, this must also be presented to the border authorities and must indicate the length of the holder’s stay and his or her destination. Visa applications - specifying the reason for the trip - must be obtained at the Portuguese Consulate in the applicant’s country of residence. There are no limits to what may be bought or carried on trips within the European Union, provided such purchases are for the traveller’s own personal use. VAT: Value-added tax (IVA) is nearly always included in quoted prices. If you are a non-EU resident and you spend more than Euros 49,88 (net value without VAT) on a purchase, you can claim a refund when you leave the EU. The refund only applies to purchases from affiliated retail outlets that display a ‘Tax Free for Tourists’ sign. Smoking regulations: Smoking is not permitted indoors in public buildings and other places open to the public. This also includes restaurants, pubs and clubs. In some places there are designated smoking zones.

EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics

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GETTING AROUND IN LISBON Lisbon features an extensive public transport network, comprising both underground and surface means of getting around. Relying on the metros, buses and trams of Lisbon is one of the most cost efficient and flexible manners of discovering the city, since Carris, the main company in charge, makes available a wide range of tickets and passes, as well multiple means of paying for the transport services.: By metro The metro stations are, signposted by large blue M signs and, most of the information is featured in English too (though the voice announcements are made only in Portuguese). In order to travel by metro in Lisbon, visitors must buy tickets which are distinct from the tickets dedicated to the surface transport, but there are all sorts of passes which are valid for the entire network of public transport (surface and underground alike). For complete and updated information on the metro lines, stations, ticket sale points, prices, follow the indications below: http://metro.transporteslisboa.pt/eng/ By Bus Carris is the main company in charge with running the public surface transport of Lisbon. The company manages the bus (autocarro) and tram (electrico) networks, as well as the funicular system (ascensores e elevador) of Lisbon. Its network extends on virtually the entire city, as well as in the surrounding areas. The company also provides airport transfer services. For complete and updated information on the carris stations, ticket sale points, prices, follow the indications below: www.carris.pt By Taxi Getting around by taxi in Lisbon is definitely another option. There are plenty of taxi companies and taxi ranks throughout the city, not to mention taxis can also count as one of the means of airport transfer. www.taxislisboa.com www.teletaxis.pt   Taxi Voucher Title of Transportation by taxi with a guarantee rate. Exclusive sale at the Ask me Lisboa Tourism Offices at the Airport - Arrivals Taxi Voucher Service is valid only from the Airport to your destination.

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EARIE 2016 | 43rd Annual Conference of the European Association for Research in Industrial Economics