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Friday 2 November 2012 |
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Friday morning sessions will be held in Room 240 and chaired by Ravi Jagannathan | |
9:35 - David Austen-Smith: Words of Welcome 9:45 - 10:45 Paul Milgrom: High Frequency Traders and Welfare [slides] |
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Session 1: CDS Auctions | |
11:00 - 11:50 Paper 1: Sudip Gupta: CDS Credit Event Auctions 11:50 - 12:00 Discussant: David McAdams 12:00 - 1:30 LUNCH Friday afternoon sessions will be held in Room 223 1:30 - 2:20 Paper 2: Alexander Gorbenko: CDS Auctions 2:20 - 2:30 Discussant: Michael Ostrovsky 2:30 - 2:45 BREAK |
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Session 2: Treasury Auctions (chaired by Snehal Banerjee) | |
2:45 - 3:35 Paper 3: Ali Hortascu: Informational Advantage and Information Structure: An Analysis of Canadian Treasury Auction 3:35 - 4:45 Discussant: Kerry Back 4:45 - 5:00 BREAK 5:00 - 5:50 Paper 4: Jakub Kastl: The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds 5:50 - 6:00 Discussant: Jaime Zender 6:00 - 6:15 BREAK 6:15 - 7:30 Panel Discussion: IPO Auctions Moderator: S. "Vish" Viswanathan Panelists: Jay Ritter, Jon Anda, Bill Hambrecht, Semyon Dukach 7:30 - 9:00 Cocktails and dinner at Allen Center (invitation only) |
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Saturday 3 November 2012 | |
Saturday sessions will be held in Room 223 | |
Session 3: Overbidding in Auction (chaired by Rakesh Vohra) | |
9:00 - 9:50 Paper 5: Ann Sherman: Why Don't Issuers Choose IPO Auctions? The Complexity of Indirect Mechanisms 9:50 - 10:00 Discussant: Larry Ausubel 10:00 - 10:15 BREAK 10:15 - 11:05 Paper 6: Salvatore Nunnari: Quantal Response and Non-equilibrium Beliefs Explain Overbidding in Maximum-Value Auctions 11:05 - 11:15 Discussant: Jacob Goeree 11:15 - 11:30 BREAK |
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Session 4: Lessons from experimental markets (chaired by Robert McDonald) | |
11:30 - 12:20 Paper 7: Jonathan Levin: Learning from Seller Experiments in Online Markets; Sales Mechanisms in Online Markets: What Happened to Internet Auctions? 12:20 - 12:30 Discussant: Marzena Rostek 12:30 - 1:45 LUNCH 1:45 - 2:45 Jay Ritter: Re-energizing the IPO Market [slides] 2:45 - 3:00 BREAK 3:00 - 3:50 Paper 8: Phillip Reiss: Could we overcome the Winner's Curse by (behavioral) Auction Design? 3:50 - 4:00 Discussant: Jeroen Swinkels |
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