Institute of Economic Research Hitotsubashi University

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Previous Seminars

March, 2008

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Previous Seminars

March, 2008

Center for Financial Engineering Education (CFEE) Department of Economics, Hitotsubashi University Symposium and Conference on Financial Engineering and Financial Econometrics
Date	Monday, March 3, 2008, 10:00-17:30
Place	Conference Room, Mercury Tower 7th floor, East Campus, Hitotsubashi University http://www.hit-u.ac.jp/guide/campus/e-campus/index.html (Mercury Tower: building #33)
	Program
	10:00 Symposium(on education)
Speaker	10:00-10:05 Department Chair address Enatsu
Speaker	10:05-10:15 Introduction to the invited speakers Shiba
Speakers	10:15-10:45 The Case of CFEE, Hitotsubashi University Shiba and Pernicheva
Speaker	10:45-11:15 The Case of Boston University Guasoni
Speaker	11:15-11:45 The Case of Singapore Management University Mariano
Speaker	11:55-12:25 The Case of University of Tokyo Kusuoka
Speaker	12:25-12:55 The Case of Meiji University Kariya
	14:00 Conference(research)
Speaker	14:00-14:40 Research presentation #1 Guasoni
Speaker	14:40-15:20 Research presentation #2 Mariano
Speaker	15:30-16:10 Research presentation #3 Kusuoka
Speaker	16:10-16:50 Research presentation #4 Kariya
Speaker	16:50-17:30 Research presentation #5 Ishimura
Invited speakers	Paolo Guasoni (Department of Mathematics and Statistics, Boston University) Roberto S. Mariano (School of Economics, Singapore Management University) Takeaki Kariya (Graduate School of Global Business, Meiji University) Shigeo Kusuoka(Graduate School of Mathematical Sciences, University of Tokyo) Anna Pernicheva (Financial Analytics & Structured Transactions, Bear Stearns (Japan) Ltd.)
Notes	30 min. for each presentaion in the morning, including Q&A. 40 min. for each research presentation, including Q&A. All presentation titles TBA.
Contact	CFEE Rm.3402 Mercury Tower 4th floor (phone +81-42-580-9129) e-mail: cfee@econ.hit-u.ac.jp
Access to the Campus	http://www.hit-u.ac.jp/guide/campus/access-e.html

COE/RES International Seminars on Theoretical Industrial Organization
Date	Saturday, March 8, 2008, 14:30-18:10
Place	Mercury Tower Mercury Hall (7th floor)
Speaker	1. Prof. Lawrence White (Stern School of Business, New York University)
Title	"An Output and Markets Orientation: What Financial Regulation Should Learn from Progress in Other Policy Areas"
Speaker	2. Prof. Marc Ivardi (Toulouse School of Economics, CEPR)
Title	"Contract choice, incentives, and political capture in public transit" (with Philippe Gagnepain)
Contact	Professor Hiroyuki Okamuro[Graduate School of Economics] (okamuro@econ.hit-u.ac.jp)

Inter-generational Studies Workshop/Workshop on Industry and Labor
Date	Thursday, March 13, 2008 10:30-12:00
Place	IER, 3rd floor, seminar room (1)
Speaker	Professor Yoon Young Cho (Korean Development Institute)
Title	“Evaluation of Pronatal Subsidy in Korea: Quasi-Experimental Approach-“
Contact	Professor Reiko Aoki[IER](aokirei@ier.hit-u.ac.jp)/Professor Daiji Kawaguchi [Graduate School of Economics] (kawaguch@econ.hit-u.ac.jp)

Economic Theory Workshop
Date	Thursday, March 13, 2008 16:30-18:00
Place	Faculty Building 2, 2nd floor, seminar room #217
Speaker	Professor Nicolas Houy (CNRS, Ecole Polytechnique)
Title	"Context dependent rational choices"
Contact	Professor Koichi Tadenuma [Graduate School of Economics] (tadenuma@econ.hit-u.ac.jp)

International Workshop: “Marshall and Marshallians on Industrial Economics”
Date	Saturday, March 15, and Sunday, March 16, 2008
Place	Mercury Tower Mercury Hall (7th floor)
Chair	Yoshikazu Sato (Department of Economics, Hosei University)
	March 15 (Saturday)
10:00-12:00	1. Richard Arena (Nice University) “Alfred Marshall as an Industrial Economist” 2. Tamotsu Nishizawa (Hitotsubashi University) “Industry and Trade Reconsidered”
	[12:00-13:30] Lunch
13:30-15:30	3. Marco Bellandi (Firenze University) “Industrial Districts and Waves of Industrialization” 4. Katia Caldari (Padua University) "At the Origin of Industrial District: Alfred Marshall and the Cambridge School"
	[15:30-16:00] Coffee
16:00-18:30	5. Tiziano Raffaelli (Pisa University) “Industry and Trade on Business Size” 6. Kenji Fujii (Aoyamagakuin University.) “Fairness in Marshall: Fair Wages and Capability-building” 7. Richard Langlois (Connecticut University) “Organization, Capabilities, and the Evolution Industrial Structure; Marshall and After"
	March 16 (Sunday)
10:00-12:30	1. Simon Cook (Tel-Aviv University) “The Historical Background to Marshall's Industrial Economics” 2. Carlo Cristiano “Following Marshall in different directions. Layton and MacGregor on the relations of capital and labour, ca. 1911-1914" 3. Masashi Kondo (Osaka Pref. University) “Alfred Marshall and Walter T. Layton on Cambridge School”
	[12:30-13:30] Lunch
13:30-15:30	4. Fred Lee (Missouri University) "D. H. MacGregor and the Marshallian Tradition at Oxford, 1920-1945" 5. Lise Arena (Oxford University) “The Marhallian Tradition of Industrial Economics in oxford during the period 1940s-1970s"
	[15:30-16:00] Coffee
16:00-18:30	6. Hiroyuki Shimodaira (Yamagata University) “Dennis Robertson on Industrial Society: The Control of Industry reexamined 7. Marco Dardi (Firenze University) "Marshall, welfare and industrial progress, or: the 'utilitarian' joins the 'evolver'” 8. Annalisa Rosselli (Rome University) "Sraffa and his critique of Marshall's economics"
	[18:45-20:00] Dinner Party
Contact	Professor Tamotsu Nishizawa [IER] (nishizawa@ier.hit-u.ac.jp)

COE/RES One day workshop on exploitation
Date	Friday, March 21, 2008, 10:30-18:00
Place	Meeting Room, 4th Floor (Institute of Economic Research)
Chair	Yoshikazu Sato (Department of Economics, Hosei University)
Speaker	1. Naoki Yoshihara (Institute of Economic Research, Hitotsubashi University) [10:30-11:30]
Title	"On Axiomatic Approach to Exploitation of Labor." [11:30-12:00] Free Discussion.
	[12:00-13:30] Lunch
Speaker	2. Tadasu Matsuo (Department of Economics, Kurume University) [13:30-14:30]
Title	"Profit, Surplus Product, Exploitation and Less Than Maximized Utility: A New Equivalence Proposition on the Fundamental Marxian Theorem." [14:30-15:00] Free Discussion.
Speaker	3. Akira Takamasu (Faculty of Sociology, Kansai University) [15:00-16:00]
Title	"Class Formation in a Virtual Economy:A Computer Simulation of John Roemer's Analysis." [16:00-16:30] Free Discussion.
Speaker	4. Roberto Veneziani (Department of Economics, University of London at Queens Mary) [16:30-17:30]
Title	"Exploitation and Class in Convex Subsistence Economies." (coauthored with Naoki Yoshihara) [17:30-18:00] Free Discussion.
Contact	Professor Naoki Yoshihara [IER] (yosihara@ier.hit-u.ac.jp)

International Conference on "R&D and Firm Performance" Organized by the Institute of Innovation Research, Hitotsubashi University
Date	Saturday, March 22, 2008, 10:00-18:00
Place	Sano-shoin Hall
10:00- 11:00	1.Key note speech: Akira Goto, Commissioner of JFTC Bronwyn. H. Hall (Professor University of California, Berkeley, US, Visiting Professor of IIR of Hitotsubashi University) "Measuring the returns to R&D-the depreciation problem"
	Session 1: Chair Tetsuo Wada, Professor, Gakushuin University
11:20- 12:10	2. Hideo Owan, Professor, Aoyama Gakuin University "R&D Activity, Patent and the Value of Invention in the Core vs. New Business: Evidence from New Japanese Inventor Survey"
11:20- 12:10	3. Hiroyuki Okamuro, Associate Professor, Hitotsubashi University "Determinants and effects of partner choice in the R&D cooperation between small businesses and universities"
	Session 2: Chair Kazuyuki Motohashi, Professor, University of Tokyo
14:00- 14:50	4. Sadao Nagaoka, Professor, Hitotsubashi University "Diversification and R&D performance"
14:50- 15:40	5. Tomoko Iwasa, Associate Professor, Yokohama City University "Determinants of technology sourcing from abroad: home technological advantages and corporate R&D strategy"
	Session 3: Chair Yuji Honjo, Professor, Chuo University
16:00- 16:50	6. Kim Youngak, Hitotusbashi University "Estimating production functions with R&D investment and endogeneity"
16:50- 17:40	7. Naotoshi Tsukada, Institute of Intellectual Property Rights "On Quality of Patent and Application Behavior Related to Patent Pool"
Contact	Professor Sadao Nagaoka [IIR]
note	*Admission is free, although advance registration is required. Please contact IIR Seminar Section (chosa@iir.hit-u.ac.jp), not later than March 20.

Economic Theory Workshop
Date	Thursday, March 27, 2008 16:30-18:00
Place	Faculty Building 2, 2nd floor, seminar room #217
Speaker	Professor Steve R. Alpern (London School of Economics)
Title	"Analysis of matching and mating games"
Contact	Professor Akira Okada [Graduate School of Economics] (aokada@econ.hit-u.ac.jp)

SAKURA CONFERENCE: Corporate Governance and Politics of Finance ORGANIZERS: University of Alberta School of Business, Canada, Copenhagen Business School, Denmark and Hitotsubashi University (Center for Economic Institutions and 21st Century COE (Center of Excellence) Program) , Japan
Date	Monday, March 31, 2008, 9:00-18:00
Place	Meeting Room, 4th Floor (Institute of Economic Research)
	Program
	Session 1: Family firms: work in progress
Chair	Hiroyuki Okamuro (Hitotsubashi University)
9.00- 9.30	1. Vikas Mehrotra (University of Alberta), Randall Morck (University of Alberta), Jungwook Shim (Hitotsubashi University), Yupana Wiwattanakantang (Hitotsubashi University) “Succession in Post-war Japanese Family Firms”
9.30- 10.00	2. Morten Bennedsen (Copenhagen Business School), Kasper Meisner Nielsen (Chinese University of hong Kong), and Thomas Vester Nielsen (BankInvest) “Private Contracting and Corporate Governance: Evidence from the Provision of Tag-Along Rights in an Emerging Market
10.00- 10.30	3. Piruna Polsiri (Durakit Pundit University), Pramuan Bunkanwanicha (ESCP-EAP) and Yupana Wiwattanakantang (Hitotsubashi University) “Family Networks in Family Firms”
	10.30-10.50 Break
	Session 2: Governance in China
Chair	Steen Thomsen (Copenhagen Business School)
10.50- 11.40	1. Joseph Fan (Chinese University of Hong Kong), Jun Huang (Chinese University of Hong Kong), Felix Oberholzer-Gee (Harvard University) and Mengxin Zhao (Bentley Collage)“Corporate Diversification in China: Causes and Consequences”
11.40- 12.30	2. Raghu Rau (Purdue University), Yan-Leung Cheung (City University of Hong Kong), Aris Stouraitis, (City University of Hong Kong) “The Helping Hand, the Lazy Hand, or the Grabbing Hand? Central vs. Local Government Shareholders In Publicly Listed Firms In China”
	12.30-14.00 Lunch
	Session 3: Managers and Boards
Chair	Fukuda Shinichi (Tokyo University)
14.00- 14.50	1. Daniel Ferreira (London School of Economics), Miguel A. Ferreira (ISCTE Business School) and Clara C. Raposo (ISCTE Business School) “Board Structure and Price Informativeness”
14.50- 15.40	2. Rüdiger Fahlenbrach (Ohio State University) and René M. Stulz (Ohio State University) ”Managerial ownership dynamics and firm value”
	15.40-16.00 Break
	Session 4: Politics in Finance
Chair	Lloyd Steier (University of Alberta)
16.00- 16.50	1. Stefano Rossi (Stockholm School of Economics) and Nicola Gennaioli (Universitat Pompeu Fabra and Stockholm School of Economics) “Judicial Discretion in Corporate Bankruptcy”
16.50- 17.40	2. Art Durnyev (McGill University), Maria Boutchkova (Concordia University), Hitesh Doshi (McGill University), and Alexander Molchanov (Massey University) ”Politics and Stock Markets Volatility”
17.40- 18.00	Sum up by Randall Morck (University of Alberta)
Contact	Professor Yupana Wiwattanakantang [IER] (yupana@ier.hit-u.ac.jp)