Seminar & Workshop

RISS Workshop

Date
Feburary 26,2020 17:00-18:30
Lecturer
Yukiko Sawada (lecturer, Faculty of Economics, Ryukoku University)
Title
"Deep Regional Trade Agreements and Cross-border Technology Transfer: Theory and Evidence"
Abstract
In this study, we examine whether deep regional trade agreements (RTAs) facilitate cross-border technology transfer. As a mode of technology transfer, we focus on licensing. We first derive a micro-founded structural gravity equation for cross-border licensing from a model in which heterogeneous firms choose to supply their goods to foreign markets by exports, foreign direct investment, or licensing. We show several comparative statics results regarding the effects of changes in fixed costs of serving the destination country, the freeness of trade, and the strength of intellectual property right (IPR) protection on exports of licensing fees. We then empirically test predictions from our model by using data on bilateral exports of royalties and licensing fees for 181 countries/regions for the period 1995-2012. Various dummy variables are used to measure the impact of shallow and deep RTAs. Consistent with our theoretical prediction, we find that a shallow RTA without IPR provision may reduce total exports of licensing and that a deep RTA with legally enforceable IPR provision will increase total exports of licensing. The net effect of forming a deep RTA is positive.

2nd International Symposium on Socionetwork Strategies in the Market of Data
-Intercultural Collaboration and Life Space Innovation-

Date
February 15, 2020 9:00-17:00
Sponsors
The University of Tokyo - Open Innovation Program
The Research Institute for Socionetwork Strategies
Data Jacket Promotion Work Group
Innovation Systems Research Circle
Program
9:00-11:00

Openning

"An example of how to create a smart city centered on human life"
Kazunori Takayanagi (enebular Technology Unit, Business Planning, Uhuru Corporation)

"Related population creation activities in Shimane Takatsu river basin"
Yumiko Nagoh (Project Manager, Institute for Open Innovation, The University of Tokyo)

"The expected potential of living labs on the urbanism"
Sae Kondo (Assistant Professor, Research Center for Advanced Science and Technology (RCAST), The University of Tokyo)

11:40-14:00
Field Work and Lunch Break

14:00-16:30

"Social and active inclusion of the elderly in the city through walkability: innovative approaches from data collection until simulation"
Stefania Bandini(Professor, Department of Computer Science, University of Milano-Bicocca(Italy) / Research Fellow, Research Center for Advanced Science and Technology (RCAST), The University of Tokyo)

"Data Jackets may Change with Your Drifting Speed in the Real Field"
Yukio Ohsawa(Professor, Department of Systems Innovation School of Engineering, The University of Tokyo)

"Variable- and Context-based Knowledge Base for Reducing Belief Drift"
Teruaki Hayashi(Associate Professor, Department of Systems Innovation School of Engineering, The University of Tokyo)

"Visualization of Clinical Activities in University Hospital"
Shusaku Tsumoto(Professor, Department of Medical Informatics, Shimane University)

"DA Algorithm and its Applications: School Choice and Personnel Assignment"
Naoki Watanabe (Associate Professor, Graduate School of Business Administration, Keio University)

RISS Workshop

Date
January 29, 2020 17:00-18:30
Lecturer
Makoto Watanabe (VU University Amsterdam)
Title
"Endogenous repo cycles" (with Vyacheslav Arbuzov, Yu Awaya, and Hiroki Fukai), June 2019
Abstract
This paper presents a simple and tractable equilibrium model of repos, where col-lateralized credit emerges under limited commitment. We show that even if there is no time variation in fundamentals, repo markets can fluctuate endogenously over time. In our theory, repo market fragilities are associated with endogenous fluctuations in trade probabilities, collateral values, and debt limits. We show that the collateral premium of a durable asset will become the lowest right before a recession and the highest right after the recession and that secured credit is acyclical.

RISS Workshop

Date
October 15, 2019 18:00-20:00
Lecturer
Jauer Chen (Associate professor, Tokyo International University)
Title
“Causal Random Forests Model using Instrumental Variable Quantile Regression”
Abstract
We propose an econometric procedure based mainly on the generalized random forests method of Athey, Tibshirani and Wager (2019, The Annals of Statistics). Not only does this process estimate the conditional quantile treatment effect nonparametrically, but our procedure yields a measure of variable importance in terms of heterogeneity among control variables. We also apply the proposed procedure to reinvestigate the distributional effect of 401(k) participation on net financial assets, and the quantile earnings effect of participating in a job training program.

RISS Workshop

Date
October 3, 2019 17:00-
Lecturer
Jean-Baptiste Michau (Ecole Polytechnique, Department of Economics, Professor)
Title
Helicopter Drops of Money under Secular Stagnation
Abstract
What are the effects of helicopter drops of money under secular stagnation? This paper shows that, if the government cannot sustain a Ponzi debt scheme under full employment, then helicopter drops of money cannot transfer real wealth to households under secular stagnation. In that case, despite being in a permanent liquidity trap, a one-off helicopter drop triggers an upward jump in the price level, without any real effect on the economy. Conversely, if a Ponzi scheme can be sustained, then the helicopter drop can stimulate aggregate demand by raising household wealth. If the stagnation real interest rate is larger than the economic growth rate, the economy converges to full employment and a sustainable Ponzi scheme and, otherwise, it gradually reverts back to stagnation. Finally, continuous helicopter drops of money under stagnation must induce the economy to reach a full employment steady state, with or without a Ponzi scheme.

ISER-RISS Experimental Economics Workshop

Date
July 19, 2019 10:00-17:10
Co-sponsored
Institute of Social and Economic Research of Osaka University
Lecturer
&Title
10:00-10:40
Takehito Masuda, Osaka University
"Strategic Ambiguity and Probabilistic Sophistication"

10:50-11:50
Kenju Kamei, Durham University
"The Perverse Costly Signaling Effect on Cooperation under the Shadow of the Future"

14:00-1440
Eungik Lee, New York University
"Probability weighting and cognitive ability"

14:50-15:50
Takashi Hayashi, University of Glasgow
"General Equilibrium Performance of Partial Equilibrium Mechanisms: an Experiment"

16:10-17:10
Taizo Motonishi, Kansai University
"Is Financial Literacy a Dangerous Thing?: Financial Literacy, Behavioral Factors, and Financial Choices of Households"

RISS Seminar Series on Experimental Economics

Program
PDF
Date
July 17, 2019 16:00-17:30
Lecturer
Konrad Grabiszewski (Mohammad bin Salman College (MBSC), Saudi Arabia)
Title
Adverse Selection and Safety Regulation

RISS Workshop

Date
June 17, 2019 18:00-19:30
Co-sponsored
The Economic Society of Kansai University
Lecturer
Yu Awaya (Assistant Professor, University of Rochester)
Title
Startups and Upstarts (co-authored with Vijay Krishna)
Abstract
We study a continuous-time R&D race between an established firm and a startup under asymmetric information. R&D investment brings success stochastically but only if the innovation is feasible. The only asymmetry between the firms is that the established firm has better information about the feasibility of the innovation. We show that there is an equilibrium in which the poorly-informed startup wins more often, and has higher expected profits, than the better-informed incumbent. When the informational asymmetry is large, this is the unique equilibrium outcome. Even though better information is available competitive disadvantage, the value of information is positive.

Workshop on Behavioral Contract Thoery

Date
April 20, 2019 10:00-17:40
Co-sponsored
Contract Theory Workshop
Lecturer
&Title
10:05-10:50
Hideshi Itoh (Waseda U)
"Image Concerns in Teams"

10:50-11:35
Matthias Fahn (JKU Linz)
"Reciprocity in Dynamic Employment Relationships"

13:00-13:45
Heiko Karle (Frankfurt School of Finance & Management)
"Consumer Search and the Uncertainty Effect"

13:45-14:30
Takeshi Murooka (Osaka U)
"Zero Prices: Optimal Pricing of Experience Goods under Consumer Loss Aversion"

14:50-15:35
Fabian Herweg (U Bayreuth)
"Salience in Retailing: Vertical Restraints on Internet Sales"

15:35-16:20
Antonio Rosato (UTS)
"Projection of Private Values in Auctions"

16:40-17:40
Keynote: Paul Heidhues (DICE)
"Identifying Procrastination from the Timing of Choices"

RISS Seminar Series

Date
January 31, 2019 15:00-16:30
Co-sponsored
The Economic Society of Kansai University
Lecturer
Giacomo Rondina (University of California, San Diego, Department of Economics, Associate Teaching Professor)
Title
Samuelson's Dictum: Evidence, Theory, and Implications