CEA 34th Annual Meetings
Wednesday, May 31 - Sunday, June 4, 2000
University of British Columbia, Vancouver

Final Version

Wednesday | Thursday | Friday | Saturday | Sunday
Location Directory
A100 Buchanan Bldg., Block A, Room 100
A102 Buchanan Bldg., Block A. Room 102
A104 Buchanan Bldg., Block A. Room 104
A106 Buchanan Bldg., Block A. Room 106
A202 Buchanan Bldg., Block A. Room 202
A203 Buchanan Bldg., Block A. Room 203
A204 Buchanan Bldg., Block A. Room 204
A205 Buchanan Bldg., Block A. Room 205
B212 Buchanan Bldg., Block B. Room 212
B216 Buchanan Bldg., Block B. Room 216
B218 Buchanan Bldg., Block B. Room 218
B226 Buchanan Bldg., Block B. Room 226
B228 Buchanan Bldg., Block B. Room 228
B313 Buchanan Bldg., Block B. Room 313
B314 Buchanan Bldg., Block B. Room 314
B318 Buchanan Bldg., Block B. Room 318
B320 Buchanan Bldg., Block B. Room 320
B322 Buchanan Bldg., Block B. Room 322
BUCH Buchanan Block Lobby
CCRB Conference Centre, Ruth Blair Room
FWTH F. Wood Theatre
OFFC Off Campus - watch for announcement
UC University Centre
UCBR University Centre Board Room
UCGR University Centre - Point Grey Room
UCMR University Centre - Music Room
UCPG University Centre, Patio/Garden

Wednesday, May 31, 2000

Wed 13:30 - 17:00 CCRB
CAES Executive Meeting

Wed 15:00 - 20:00 UCMR
CERF Executive Meeting

Thursday, June 1, 2000

Thu 07:00 - 08:15 A106
CERF: Breakfast

Thu 08:15 - 08:30 A106
CERF: Opening Comments

Thu 08:30 - 09:00 A104
CAES: Welcoming Comments
Panelists Moura Quayle (Dean Faculty of Agricultural Sciences, University of British Columbia)
  Robert Saint-Louis (President CAES)
  Rick Barichello (Past President CAES)

Thu 08:30 - 10:00 A106
CERF: Child Poverty
Chair Bob Kunimoto (Policy Research Secretariat)
Presentations Child Poverty Dynamics in Seven Nations
    Bruce Bradbury (University of New South Wales)
    Stephen Jenkins (University of Essex)
    John Micklewright (UNICEF)
  Poverty Dynamics in Canada
    Ross Finnie (Statistics Canada and Queen's University)
  Polarization of Neighbourhoods in Canada
    Garnett Picot (Statistics Canada)
    John Myles (Florida State University)
Discussants Lars Osberg (Dalhousie University)

Thu 09:00 - 09:30 A104
CAES: Presidential Address
Speaker Larry Martin (University of Guelph)
  Enhancing the Value of Agricultural Economics and of Agricultural Economists

Thu 09:30 - 10:00 A104
CAES: Fellow's Address
Speaker Ed Tyrchniewicz (University of Manitoba)
  Agricultural Economics and Sustainable Development: A Courtship of Two Solitudes

Thu 10:00 - 10:30 A100

Thu 10:30 - 12:00 A102
CERF: Child Care and the Labour Market
Chair Nora Hammell (Status of Women Canada)
Presentations Firms' Contribution to the Reconciliation between Work and Family Life
    John Evans (OECD)
  Childcare in the Netherlands: Between Government, Firms and Parents
    Simone Dobblestee (University of Amsterdam)
    S.S. Gustafsson (University of Amsterdam)
  Simulating the Effects of Child Care Policy in Canada
    Gordon Cleveland (University of Toronto)
    Douglas Hyatt (University of Toronto)
    Michael Krashinsky (University of Toronto)
    Morley Gunderson (University of Toronto)
Discussants Brian Krauth (Simon Fraser University)

Thu 10:30 - 12:00 A104
CERF: Consequenes of Participation in Income Assistance
Chair Alice Nakamura (University of Alberta)
Presentations Marriage, Fertility and Divorce: A Dynamic Equilibrium Analysis of Social Policy in Canada
    John Knowles (University of Pennsylavannia)
  Welfare, the Earned Income Tax Credit, and the Labor Supply of Single Mothers
    Bruce Meyer (Northwestern University)
    Dan Rosenbaum (UNC Greensboro)
  An Econometric Analysis of the Intergenerational Transmission of Social Assistance Participation
    Bernard Fortin (Université Laval)
    Jean-Yves Duclos (Université Laval)
    Manon Rouleau (HRDC)
Discussants Peter Gottschalk (Boston College)

Thu 10:30 - 12:00 A106
CAES: Crafting Government Policies for an Evolving Agricultural Sector
Chair Yves Arsenault (Agriculture and Agri-food Canada)
Presentations Reconsidering the Farm Problem under and Industrializing Agricultural Sector
    David B. Schweikhardt (Michigan State University)
  A Canadian Perspective: Is Prairie Agriculture Becoming Like any other Industry
    Jack Stabler (University of Saskatchewan)
  Policy Views from the Prairies
    Craig Lee (University of Manitoba)
  The Whole Farm Paradigm; Is There a Need to Revisit?
    Douglas D. Hedley (Agriculture and Agri-Food Canada)
Discussants Sally Rutherford (Canadian Federation of Agriculture)

Thu 12:00 - 14:00 UCBR
CERF Luncheon
Chair Miles Corak (Statistics Canada)
Speaker Janet Currie (UCLA)
  Widening the Safety Net: The Importance of In-Kind Transfers to Kids

Thu 13:30 - 15:00 A102
CAES: The Canadian Agri-food Sector in Managed Trade Environments
Chair William A. Kerr (University of Saskatchewan)
Presentations An Economic Investigation of the Import Licensing Methods and TRQs in Agriculture
    Jean-Philippe Gervais (Université Laval)
    David Surprenant (Université Laval)
  The Effect of CAP Reform on Feed Demand in the European Union
    James Rude (University of Saskatchewan)
  The Canadian Chicken Market: Five Years after the Uruguay Round
    Karen Huff (University of Guelph)
    Karl Meilke (University of Guelph)
    Roberto Amendei (University of Guelph)
  Managed Trade in Non-Traditional Products-Emerging Issues for Canada's Specialized Livestock Sectors
    Jill Hobbs (University of Saskatchewan)
    William A. Kerr (University of Saskatchewan)
Discussants Kurt Klein (University of Lethbridge)
  James Gaisford (University of Calgary)

Thu 13:30 - 15:00 A104
CAES: Panel Session: What is Really at Stake Under the New Grain Policy Framework?
Chair Barry E. Prentice (University of Manitoba)
Panelists Denis Apedaile (CPR)
  Brian Hayward (UGG)
  Norman Stack (Vancouver Port Authority)
Discussants James Nolan (University of Saskatchewan)

Thu 14:00 - 15:30 A106
CERF: Parenting
Chair Dwayne Benjamin (University of Toronto)
Presentations The Effects of Sons and Daughters on Men's Labour Supply and Wages
    Elaina Rose (University of Washington)
    Shelly Lundberg (University of Washington)
  Does Either Mother of Father Know Best? An Assessment of Parent and Child Agreement in the NLSCY
    Lori Curtis (Dalhousie University)
    Martin Dooley (McMaster University)
    Shelley Phipps (Dalhousie University)
  The Influence of Father Involvement on Birth Outcomes: Preliminary Analysis of the Fragile Families and Child Wellbeing Survey
    Yolanda Padilla (University of Texas)
    Nancy E. Reichman (Princeton University)
Discussants Tim Smeeding (Syracuse)

Thu 15:00 - 18:00 UCMR
CEA Executive Meeting

Thu 15:30 - 17:00 A104
CAES: Environmental Economics
Chair Terry S. Veeman (University of Alberta)
Presentations Regulation of Stock Externalities with Learning
    Larry Karp (University of California-Berkeley)
    Jiangfeng Zhang (University of California, Berkeley)
  A Comparative Analysis of On-Farm Energy Use in Canada
    Mohammad Khakbazan (University of Saskatchewan)
    Andre Hucq (University of Saskatchewan)
    Joanne Kowalski (University of Saskatchewan)
  The Effect of Environmental Performance Standards on Agriculture: Total Maximum Daily Loads in Michigan
    Lorie Srivastava (Michigan State University)
    Sandra S. Batie (Michigan State University)
  An Analysis of Economic-Environmental Tradeoffs of Manure Use on Ontario Swine Finishing Farms
    Gregory DeVos (University of Guelph)
    Alfons Weersink (University of Guelph)
    Peter Stonehouse (University of Guelph)

Thu 15:30 - 17:00 A203
CAES: Transportation
Chair Richard Gray (University of Saskatchewan)
Presentations Institutional Change in the Western Canadian Rail Transportation System
    Leif Carlson (University of Saskatchewan)
  The Rail Car Authority: An E-commerce Approach to Competitive Allocation of Rail Cars in Western Canadian Grain Transportation
    Barry E. Prentice (University of Manitoba)
    John O. Mulligan (University of Manitoba)
  A Road Pricing Mechanism for Grain Traffic Movements by Truck in West-Central Saskatchewan
    Eric Larson (University of Saskatchewan)
    James Nolan (University of Saskatchewan)
  An Application of Split Population Duration Model to Land Use Trasitions
    Wen-hua Hsieh (Ohio State University)
    Elena G. Irwin (Ohio State University)

Thu 15:30 - 17:00 A204
CAES: Trade Policy
Chair Jill Hobbs (University of Saskatchewan)
Presentations The Application of Regulation Theory to Supply Management Agencies
    Wayne Thompson (University of Saskatchewan)
    Hartley Furtan (University of Saskatchewan)
  Factors Affecting Cheese Exports to Asia
    Ben Norman (University of Melbourne)
    Ellen Goddard (University of Melbourne)
  Effects of Exchange Rate Variability on Exports of Processed Food Products Between Canada and the United States
    Madev Balloo (University of Guelph)
    Rakhal Sarker (University of Guelph)

Thu 16:00 - 17:30 A100
CERF: Parental Work and the Well-Being of Children
Chair Carole Vincent (IRPP)
Presentations The Effect of Parents' Working on Children's Outcomes
    John Ermisch (University of Essex)
    Marco Francesconi (University of Essex)
  Mother's Employment - Child Care Arrangements Choices and Social-Motor Development of Children aged 0 to 4 in Canada
    Pierre Lefebvre (UQAM)
    Vivianne Adam (UQAM)
    Philip Merrigan (UQAM)
  A Meta-Analysis of Published Research on the Psychological Effects of Nonmaternal Care on Child Development: Social Policy Implications
    Claudio Violato (University of Calgary)
Discussants Shelly Lundberg (University of Washington)

Thu 16:00 - 17:30 A102
CERF: Policies in Aid of Children
Chair John Richards (Simon Fraser University)
Presentations Labour Market Effects of Parental Leave Policy in Canada
    Adrienne ten Cate (McMaster University)
  Progress on Child Poverty? Recent Changes in Canadian Policies and Outcomes
    Lori Curtis (Dalhousie University)
    Thomas Crossley (Australian National U. and York Univ.)
  Child Support Policies and the Well-Being of Children: Income versus Asset based Measures
    Rose Anne Devlin (University of Ottawa)
    Vicky Barham (University of Ottawa)
    Chantale LaCasse (University of Alberta)
Discussants Frances Woolley (Carleton University)

Thu 17:45 - 19:45 UCPG
CERF Reception

Thu 18:30 - 22:00 OFFC
CEA Past Presidents' Dinner

Thu 18:30 - 22:00 UCBR
CAES Banquet and Awards Ceremony

Friday, June 2, 2000

Fri 08:30 - 10:00 A100
CSGB: Papers on Competition Policy
Chair Thomas Ross (University of British Columbia)
Presentations Downstream Competition, Foreclosure, and Vertical Integration
    Gilles Chemla (University of British Columbia)
  Welfare Analysis in Simulated Mergers
    Marc Duhamel (Competition Bureau)
  Bilateral Oligopoly with Application to Vertically Integrated Markets
    Kenneth Hendricks (University of British Columbia)
  Licensing with Horizontal Restraints
    Andrew Tepperman (University of Toronto)
Discussants Zhiqi Chen (Carleton University)
  Jeffrey Church (University of Calgary)
  Philippe Cyrenne (University of Winnipeg)
  Ralph Winter (University of Toronto)

Fri 08:30 - 10:00 A102
Public Finance
Chair Gordon Myers (Simon Fraser University)
Presentations Equity and financing of pure public goods via lotteries.
    Amornrat Apinunmahakul (University of Ottawa)
    Vicky Barham (University of Ottawa)
  Optimal Tax Mix in a Two-Sector Growth Model with Transitional Dynamics: An Analytical Approach
    James B. Davies (University of Western Ontario)
    Jinli Zeng (National University of Singapore)
    Jie Zhang (Victoria University of Wellington)
  Capital Taxation in a Simple OLG Model
    Craig Brett (University of Essex)
    Charles Blackorby (University of British Columbia)
Discussants Sam Bucovetsky (York University)
  Gordon Myers (Simon Fraser University)

Fri 08:30 - 10:00 A104
Trade Imbalance
Chair Walid Hejazi (University of Toronto at Scarborough)
Presentations Did foreign investors destabize equity markets during the 1997 Asian Crisis? Evidence from Closed-end Country Funds
    Michael Bowe (UMIST)
    Daniela Domuta (UMIST)
  Trade Balances of LDCs and Exchange Rate of the U.S. Dollar
    Ayoub Yousefi (University of Waterloo)
  The Regional Effects of Interest Rates and Exchange Rate Shocks: A VAREC Analysis
    Farid Novin (Bank of Canada)
    Jennifer Glahs (Bank of Canada)
    Ying Liu (Bank of Canada)
Discussants Walid Hejazi (University of Toronto at Scarborough)
  Seung-Dong Lee (University of Alabama at Birmingham)

Fri 08:30 - 10:00 A106
CERF: Family Structure and Labour Markets
Chair Marc Van Audenrode (Université Laval)
Presentations Family Income Dynamics after a Job Separation
    Nazish Ahmad (HRDC)
    Winnie Lo (HRDC)
    Ging Wong (HRDC)
  On Gender, Markets, and Families
    Aloysius Siow (University of Toronto)
  The Strategic Aspect of Female Employment
    Miriam Beblo (Free University of Berlin)
Discussants Mukesh Eswaran (University of British Columbia)
  Guy Lacroix (Université Laval)

Fri 08:30 - 10:00 A202
National Accounts & Economic Theory
Chair Thomas K. Rymes (Carleton University)
Presentations The Consumer Price Index and Index Number Purpose
    Erwin Diewert (University of British Columbia)
  Improving the Accessibility to Users of the New Development in National Accounting
    Anne Harrison (OECD-Economic Statistics & National Accounts)
  On the Teaching of National Accounting and Economic Theory: Evidence from a Number of Countries
    Thomas K. Rymes (Carleton University)
    Harry Postner (Consultant)
Discussants Keir Armstrong (Carleton University)
  Stew Wells (Statistics Canada)

Fri 08:30 - 10:00 A203
Border Effects
Chair Saud Choudhry (Trent University)
Presentations Measuring the Width of National Borders
    John Helliwell (University of British Columbia)
  Why Do National Borders Matter? Industry-Level Evidence
    Teresa Cyrus (Dalhousie University)
  Statistics Canada 2, Statistisches Bundesamt 1: What Does German Data Tell Us About the Home Bias in International Trade?
    Volker Nitsch (Bankgesellschaft Berlin)
Discussants Saud Choudhry (Trent University)
  Aaron Sydor (Industry Canada)

Fri 08:30 - 10:00 A204
CAES: Trade Liberalization under NAFTA: A Report Card
Chair Ronald Knutson (Texas A&M University)
Presentations Agri-Food Disputes
    Al Loyns (Prairie Horizons Ltd.)
  Harmonization of Agri-food Policies and Regulations
    Jack Gellner (Agriculture and Agri-food Canada)
  Where Are We Going in Agri-food Trade liberalization?
    Karl Meilke (University of Guelph)
    Linda M. Young (Montana State University)

Fri 08:30 - 10:00 A205
PEF: New Heterodox Models of Interest, Growth and Price
Organizer John Smithin (York University)
Chair Nick Falvo (Progressive Economics Forum)
Presentations Interest Rates and Economic Growth
    John Smithin (York University)
  Money, Institutions and Economic Growth
    Hassan Bougrine (Laurentian University)
  Monopoly Power in the Manufacturing Sectors of Canada and the U.S., 1947 to 1997
    Myron Gordon (University of Toronto)
  Transformational Growth, Interest Rates and the Golden Rule
    Mario Seccareccia (University of Ottawa)
    Gabriel Rodriguez (University of Ottawa)
    Marc Lavoie
Discussants Erik Kam (York University)
  Markus Materbauer (Austrian Institute of Economic Research)

Fri 08:30 - 10:00 B212
Fiscal Planning
Chair Lawrence McDonough (Queen's University)
Presentations The Implications of Parameter Uncertainty for Fiscal Planning
    Doug Hostland (Finance Canada)
    David Dupuis (Finance Canada)
  Modelling Federal Finances under Uncertainty
    Derek Hermanutz (Finance Canada)
    Chris Matier (Finance Canada)
  Trends in Canada's Inward FDI: An Industry Level Analysis
    Cemile Sancak (Industry Canada and Carleton University)
Discussants David Johnson (Wilfrid Laurier University)
  Lawrence McDonough (Queen's University)

Fri 08:30 - 10:00 B216
Chair John W. Galbraith (McGill University)
Presentations Volatility Forecast Horizons
    Turgut Kisinbay (McGill University)
    John W. Galbraith (McGill University)
  Volatility Forecasts Combining ARCH, Trading Volume and Options
    Mark Kamstra (Simon Fraser University)
    Glen Donaldson (University of British Columbia)
  Simulation-Based Exact Tests for Jump Diffusions with Unidentified Nuisance Parameters: An Application to Commodities Spot Price
    Lynda Khalaf (Université Laval)
    Jean-Daniel Saphores (Université Laval)
    Jean-François Bilodeau (Université Laval and NRCAN)
Discussants Marsha Courchane (Freddie Mac)
  Ilias Tsiakas (University of Toronto)

Fri 08:30 - 10:00 B218
Empirical Macro
Chair Lise Pichette (Bank of Canada)
Presentations Financial Sources of Macroeconomic Fluctuations - An Empirical Investigation
    Jalil Safaei (University of Manitoba)
  Sectoral Shocks and Monetary Policy
    Jean Farès (Bank of Canada)
    Gabriel Srour (Bank of Canada)
  Nonlinear trends and co-trending in Canadian money demand
    David Cushman (University of Saskatchewan)
Discussants Ian Christensen (Bank of Canada)
  Huntley Schaller (Carleton University)

Fri 08:30 - 10:00 B226
Strategic Trade
Chair Yazid Dissou (Finance Canada)
Presentations Foreign Aid, Innovation And Technology Transfer
    Michael Benarroch (University of Winnipeg)
    James Gaisford (University of Calgary)
  North-North Trade and the Environment: A Game-Theoretic Perspective
    Karim Eslamloueyan (Shiraz University)
  Third Market Strategy in Strategic Trade Model: Tariffs or Free Trade?
    Zheng Frank Yang (University of Toronto)
Discussants Ram Acharya (University of Ottawa)
  Zhihao Yu (University of Nottingham)

Fri 08:30 - 10:00 B228
Human Capital, Migration and Wealth
Chair Sean Rogers (University of New Brunswick, Saint John)
Presentations British Immigrants in Canada: Evidence from Montreal, Toronto, and Winnipeg, 1901
    Alan Green (Queen's University)
    Mary MacKinnon (McGill University)
  Wealth, Assets and Portfolio Composition in the 19th Century
    Livio Di Matteo (Lakehead University)
  Trade, Consumption, and the Family Economy: Native American in the 18th Century
    Frank Lewis (Queen's University)
Discussants Ian Keay (McGill University)
  Edgard Rodriguez (Finance Canada)

Fri 08:30 - 10:00 B313
Economic Theory (1)
Chair Francisco Gonzalez (University of British Columbia)
Presentations Anchored Preference Relations
    Jacob Sagi (University of British Columbia)
  Bayesian Approach to Uncertainty Aversion
    Vincent Feltkemp (Statistics Netherlands)
    Yoram Halevy (University of British Columbia)

Fri 08:30 - 10:00 B320
CERF: Family Background and Labour Market Success in Adulthood
Chair Nicole Fortin (University of British Columbia)
Presentations Brother Correlations in Earnings in Denmark, Finland, Norway, and Sweden Compared to the United States
    Anders Bjorklund (University of Stockholm)
    Tor Eriksson (Aarhus School of Business)
    Markus Jantti (Academy of Finland)
    Oddbjorn Raaum (Frisch Centre)
    Eva Osterbacka (Abo Akademi)
  Children and the Changing Labour Market: Joblessness in Families with Dependent Children
    Bob Gregory (Australian National University)
  Does Family Structure Affect Educational and Labour Market Outcomes?
    Arthur Sweetman (Queen's University)
    Ed Rama (University of Victoria)
Discussants Peter Kuhn (University of California at Santa Barbara)
  Krishna Pendakur (Simon Fraser University)

Fri 08:30 - 10:00 B322
CAES: Production and Welfare Impacts of China's "Real" Leap Forward into WTO
Chair Robert Saint-Louis (President CAES)
Presentations Twenty-three Centuries of Agricultural Production, Trade and Intersectoral Balance in China
    Peter Calkins (Université Laval)
  Impacts of WTO Accession upon China's Present-Day Agriculture
    D. Gale Johnson (University of Chicago)
  Impacts of WTO Accession upon Export Competition in Chinese Markets
    Kevin Chen (University of Alberta)
  Impacts of WTO Accession upon Canadian and U.S. Exports and Imports
    X. Y. Dong (University of Winnipeg)
    Michele M. Veeman (University of Alberta)
    Terry S. Veeman (University of Alberta)

Fri 10:00 - 10:30 BUCH

Fri 10:30 - 12:00 A100
CSGB: New Challenges for Competition Policy
Chair William Stanbury (University of British Columbia)
Presentations Strategic Alliances: Cooperation between Competitors
    Gwill Allen (Competition Policy Bureau)
  Competition Policy for Network Industries
    Jeffrey Church (University of Calgary)
  Intellectural Property and Competition Policy
    Chantale LaCasse (University of Alberta)
  Efficiencies in Merger Review
    Ralph Winter (University of Toronto)
  The Growing Role of Private Actions in Competition Law
    Stan Wong (Davis & Co.)

Fri 10:30 - 12:00 A102
President's Panel: "What have Canadian macro-economists learnt from the macro outcomes of the 1990s?"
Chair Lars Osberg (Dalhousie University)
Panelists Charles Freedman (Deputy Governor, Bank of Canada)
  Christopher Ragan (McGill University)
  William Scarth (McMaster University)
  Jim Stanford (Economist, Canadian Auto Workers)

Fri 10:30 - 12:00 A104
CERF: Family Formation and Fertility
Chair Cassaundra Iwankow (HRDC)
Presentations Fertility and Employment in Britain
    Susan Harkness (University of Sussex)
    Jonathan Wadsworth (London School of Economics)
  Labor Market Conditions, Employment Experience, and the Likelihood of Cohabitation Among New Parents
    Lauren Rich (University of Pennsylvania)
    Sara McLanahan (Princeton University)
    Irwin Garfinkel (Columbia University)
  Do Teens Make Rational Childbearing Choices? Family, Neighbourhood, and Net Benefit Determinants of Teen Nonmarital Childbearing
    Kathryn Wilson (Kent State)
    Barbara Wolfe (University of Wisconsin at Madison)
Discussants Marco Francesconi (University of Essex)

Fri 10:30 - 12:00 A106
State of the Art Lecture: R. Boadway
Chair Craig Brett (University of Essex)
Speaker Robin Boadway (Queen's University)

Fri 10:30 - 12:00 A202
Econometrics I
Chair Chi-Young Choi (The Ohio State University)
Presentations Searching for Additive Outliers In Nonstationary Time Series
    Gabriel Rodriguez (University of Ottawa)
    Pierre Perron (Boston University)
  Detection of Structural Break Using An Information-Theoretic Approach
    Jean-François Lamarche (Queen's University)
  Feasible Multivariate Nonparametric Estimation using Weak Separability
    Joris Pinkse (University of British Columbia)
Discussants Chi-Young Choi (The Ohio State University)

Fri 10:30 - 12:00 A203
Labour: Labour Market Dynamics
Presentations Worker Mobility, Hiring and the Youth Labour Market During the 1990s
    Garnett Picot (Statistics Canada)
    Andrew Heisz (Statistics Canada)
    Alice Nakamura (University of Alberta)
  Unemployment and Labour Force Attachment: New Results for Canada and the U.S.
    W. Craig Riddell (University of British Columbia)
    Stephen R. G. Jones (McMaster University)
  The Evolution of Job Stability in Canada: Trends and Comparisons to U.S. Results
    Andrew Heisz (Statistics Canada)
    Mark Walsh (Statistics Canada)
Discussants Thomas Crossley (Australian National U. and York Univ.)
  Nicole Fortin (University of British Columbia)
  David Green (University of British Columbia)

Fri 10:30 - 12:00 A204
Investment and Growth
Chair Baldev Raj (Wildrid Laurier University)
Presentations The role of investment in the Canada-US manufacturing labour productivity gap
    Phaedra Kaptein-Russell (Industry Canada)
    Ashfaq Ahmad (Industry Canada)
    William Horseman (Industry Canada)
    Someshwar Rao (Industry Canada)
  The Effect of Inflation Uncertainty on Output Growth: New Evidence on an Old Tale with a Different Story
    Bradley K. Wilson (University of Alabama at Birmingham)
  The Effect on Investment Behavior of Variations in The Ratio of Book Value to Market Value
    Cui Zhai (Queen's University)
Discussants Baldev Raj (Wildrid Laurier University)
  Jun Yang (University of Toronto)

Fri 10:30 - 12:00 A205
CAES: Resource Pricing
Chair Terry S. Veeman (University of Alberta)
Presentations On Overcoming Inherent Informational Deficiencies in Estimating the Distribution of Willingness to Pay
    Richard T. Carson (University of California, San Diego)
    Yongil Jeon (Harvard University)
  On Jumps and Arch Effects in Natural Resource Prices: An Application to Stumpage Prices from Pacific Northwest National Forests
    Jean-Daniel Saphores (Université Laval)
    Lynda Khalaf (Université Laval)
    Denis Pelletier (Université Laval)
  Recreation Valuation and Congestion: Empirical Analysis Using Panel Estimators
    Kim Rollins (University of Guelph)
    Peter Boxall (University of Alberta)
    Jeffrey Englin (University of Nevada-Reno)
  Alternative Bid Design Strategies for Discrete Response CV
    Timothy Beatty (University of California at Berkeley)
    Michael Hanemann (Dept. of Ag. & Resource Economics, UCB)

Fri 10:30 - 12:00 B212
Theory: Uncertainty
Chair Shasi Nandeibam (University of Birmingham)
Presentations Subjective Probabilities on Subjectively Unambiguous Events
    Jiankang Zhang (Carleton University)
    Larry G Epstein (University of Rochester)
  Endogenously Non-Additive Aggregate Probabilities: Syndicate Surrogate Functions and Composite Market Beliefs
    Kim Kaivanto (University of Warwick)
Discussants Shasi Nandeibam (University of Birmingham)
  Yoram Halevy (University of British Columbia)

Fri 10:30 - 12:00 B216
Index Numbers
Chair Thomas K. Rymes (Carleton University)
Presentations An Empirically Estimable "True" PPP Index
    Keir Armstrong (Carleton University)
  Towards an Elementary Price Index for Internet Services
    Kam Yu (University of British Columbia)
    Marc Prud'homme (Prices Division, Statistics Canada)
Discussants Erwin Diewert (University of British Columbia)

Fri 10:30 - 12:00 B218
Institutions and Economic History
Chair Stuart J. Wilson (Queen's University)
Presentations The Merger Movement in Canadian Petroleum Refining, 1886-1898
    Henry Thille (University of Winnipeg)
    Hugh Grant (University of Winnipeg)
  Shell Games: Contracting Canadian Munitions Production during the Second World War.
    Sean Rogers (University of New Brunswick, Saint John)
  From a Business to an Economics Journal: History of L'Actualite Economique
    Paul Lanoie (Ecole des Hautes Etudes Commerciales)
    Ruth Dupre (Ecole des Hautes Etudes Commerciales)
    Yves Gagnon (Ecole des Hautes Etudes Commerciales & CIRANO)
Discussants Frank Lewis (Queen's University)
  Denise Young (University of Alberta)

Fri 10:30 - 12:00 B226
Monetary Tests
Chair James Nason (University of British Columbia)
Presentations An ARDL Bounds Test Approach to Testing the Fisher Effect in Canada and the United States.
    Frank Atkins (University of Calgary)
    Patric Coe (University of Calgary)
  Long-run Monetary Neutrality in Three Samples: the United Kingdom, the United States and the Small
    Patrick Coe (University of Calgary)
    James Nason (University of British Columbia)
  Estimating Continuous Time Short-Term Interest Rate Models: A Comparison of Different Estimators
    Sule Korkmaz (McMaster University)
Discussants Jalil Safaei (University of Manitoba)
  David Cushman (University of Saskatchewan)

Fri 10:30 - 12:00 B228
PEF: Economic Growth and Human Progress: How Close is the Nexus?
Organizer Jim Stanford (Economist, Canadian Auto Workers)
Chair Marjorie Cohen (Simon Fraser University)
Presentations Economic Growth and Ecological Economics: A Pressing Contradiction
    R. Michael M'Gonigle (University of Victoria)
  Quality of Life and Well-Being Measures and GDP
    Andrew Sharpe (Centre for the Study of Living Standards)
  Growth and Social Progress
    Andrew Jackson (Senior Economist, Canadian Labour Congress)
Discussants Frances Woolley (Carleton University)

Fri 10:30 - 12:00 B313
Economic Theory (2)
Chair Kenneth Hendricks (University of British Columbia)
Presentations Existence of Equilibria in Auctions and Discontinuous Bayesian Games: Endogenous and Incentive Compatible Sharing Rules
    Matt Jackson (California Institute of Technology)
    Jeroen Swinkels (Washington University)
  Debt-Funded Bidding
    Charles Hyde (University of Melbourne)
    James Vercammen (University of British Columbia)

Fri 10:30 - 12:00 B318
Housing and Labour Supply
Chair Varghese Manaloor (Augustana University College)
Presentations Demographic Changes and Real Housing Prices in Canada
    Mario Fortin (Université de Sherbrooke)
    André Leclerc (Université de Moncton)
  headship rates and the housing market
    Marie-France Paquet (Department of Finance)
    Bradley Recker (Department of Finance)
  Private Labour Market in Nova Scotia
    Pyare Arya (Saint Mary's University)
Discussants Varghese Manaloor (Augustana University College)

Fri 10:30 - 12:00 B320
CAES: Rural Policy Issues
Chair Julie Kennett (PFRA, Agriculture and Agri-Food Canada, Calgary)
Presentations Explaining Rural Growth: A Comparison of Iowa and Saskatchewan
    John Miranowski (Iowa State University)
    Daniel Monchuk (Iowa State University)
  On the Determinants of the Demand for Information Services: An Application to Lowbush Blueberry Producers in Eastern Canada
    Jean-Philippe Gervais (Université Laval)
    Remy Lambert (Université Laval)
    Francois Boutin-Dufresne (Université Laval)
  Low-Price-Low Capacity Traps and Government Interventions
    Bruno Larue (Université Laval)
    Jean-Philippe Gervais (Université Laval)
  Prairie Crop Diversification
    Elwin Smith (Agriculture and Agri-Food Canada, Lethbridge, Alberta)
    Douglas Young (Washington State University)
    Robert Zentner (Agriculture and Agri-Food Canada, Swift Current, Saskatchewan)

Fri 10:30 - 12:00 B322
CAES: Market Structure
Chair Martin Rice (Canadian Pork Council)
Presentations Public Policy Responses to Increased Vertical Linkages in Agri-food Supply Chains
    Linda M. Young (Montana State University)
    Jill Hobbs (University of Saskatchewan)
  Producer Attitudes Towards Vertically Coordinated Beef Systems: Canadian Case Study
    Hemal D. Kularatne (University of Saskatchewan)
    Gary G. Storey (University of Saskatchewan)
    Derek Brewin (University of Saskatchewan)
  Comparison of Supply Chain Management Status and Structural Implications in the Ontario Chicken and Pork Industries
    Gus Murray (University of Guelph)
    David Sparling (University of Guelph)
  Is the Canadian Food Industry Oligopsonistic?
    K. K. Quagrainie (University of Alberta)
    James Unterschultz (University of Alberta)
    Michele M. Veeman (University of Alberta)
    S. Jeffrey (University of Alberta)

Fri 12:00 - 13:30 UCBR
CWEN Luncheon

Fri 13:30 - 15:00 A100
CSLS: Productivity Trends in the New Economy (co-sponsored by CABE)
Chair Lars Osberg (Dalhousie University)
Panelists Richard Lipsey (Simon Fraser University)
  Serge Nadeau (Industry Canada)
  Dale Orr (WEFA Canada)
  Tim Sargent (Department of Finance)
  Andrew Sharpe (Centre for the Study of Living Standards)

Fri 13:30 - 15:00 A102
Bank: Panel Discussion on International Architecture
Chair William Scarth (McMaster University)
Panelists Wendy Dobson (University of Toronto)
  John Helliwell (University of British Columbia)
  Paul Masson (International Monetary Fund)
  John Murray (Bank of Canada)

Fri 13:30 - 15:00 A104
CSGB: Competition and Regulation in Banking
Chair Ron Giammarino (University of British Columbia)
Panelists Rob Bakos (VP, Strategic Develpoment and Financial Management, HSBC)
  John Chant (Simon Fraser University)
  Harri Janssen (CEO, Richmond Savings Credit Union)
  John Pattison (VP Compliance, Canadian Imperial Bank of Commerce)

Fri 13:30 - 15:00 A106
CERF Lecture: C. Manski
Chair Jane Friesen (Simon Fraser University)
Speaker Charles Manski (Northwestern University)
  Empirical Analysis of Social Interactions

Fri 13:30 - 15:00 A202
Chair Michael Benarroch (University of Winnipeg)
Presentations Technical Progress, Price Adjustments and Wages
    Ronald W. Jones (University of Rochester)
  Endogenous Vertical Restraints in International Trade
    Nicolas Schmitt (Simon Fraser University)
    Horst Raff (Indiana University)
  Market Integration and Industrial Structure: The Home Market Effect Revisited
    Zhihao Yu (University of Nottingham)
Discussants Brian Copeland (University of British Columbia)
  Zheng Frank Yang (University of Toronto)

Fri 13:30 - 15:00 A203
CWEN: Session on Economics in the Family
Chair Linda Welling (University of Victoria)
Presentations Fighting for Love: an Interdisciplinary Perspective on Family Bargaining
    Nancy Folbre (University of Massachusetts-Amherst)
  Sole Custody and "Disney Dads"
    Linda Welling (University of Victoria)
  Control Over Money in Marriage
    Frances Woolley (Carleton University)
Discussants Martin Dooley (McMaster University)
  Cristina Echevarria (University of Saskatchewan)

Fri 13:30 - 15:00 A204
Income Distribution and the Environment
Chair Kuan Xu (Dalhousie University)
Presentations Income and Income Distribution as Determinants of International Trade
    Beiling Yan (Carleton University)
  New Goods, Technology Transfer and Income Distribution
    Chun Zhu (University of Toronto)
  Changes to the Distribution of Aboriginal Family and Household Income In Canada
    Peter Ibbott (University of Lethbridge)
Discussants Joseph De Juan (Wilfrid Laurier University)
  (Carol) Chui Ha Lau (University of Calgary)

Fri 13:30 - 15:00 A205
CABE: Provincial Income Tax Reform - The Arrival Of TONI (Tax On Income)
Chair Andy Robinson (B.C. Ministry of Finance)
Panelists Jonathan Kesselman (University of British Columbia)
  Louis Levesque (Finance Canada)
  Ken McKenzie (University of Calgary)
  Steve Watson (Manitoba Ministry of Finance)

Fri 13:30 - 15:00 B212
Technology, Business Cycles and Industrial Structure
Chair Kam Hon Chu (Memorial University of Newfoundland)
Presentations Wheat, Railways and Cycles: The 1840s Reassessed
    Donald G. Paterson (University of British Columbia)
    Ronald A Shearer (University of British Columbia)
  Oligopoly Pricing with Predictable Risk: The Case of Copper
    Denise Young (University of Alberta)
    David Ryan (University of Alberta)
    Stephane Vigeant (University of Alberta)
  Regionally Distinct Technologies in Canada and the United States, 1907-1990
    Ian Keay (McGill University)
Discussants Sean Rogers (University of New Brunswick, Saint John)
  Henry Thille (University of Winnipeg)

Fri 13:30 - 15:00 B216
Chair Ian Rongve (University of Regina)
Presentations Income,Institutions and the Gender Dimensions Educational Attainment: An Empirical Study of Developing Countries in Asia
    Najma R. Sharif (Saint Mary's University)
    Atul Dar (Saint Mary's University)
  Economic Development and Academic Achievement
    Kitty Mak (AIR/Education Statistics Services Institute)
    Trevor Williams (Westat)
    Stephen Roey (Westat)
    David Kastberg (Westat)
  Endogenous Lifetime and Economic Growth
    Shankha Chakraborty (University of Oregon)
Discussants Tracy Snoddon (Wilfrid Laurier University)
  Ian Rongve (University of Regina)

Fri 13:30 - 15:00 B218
Chair Wulong Gu (Industry Canada)
Presentations The Determinants of the Location of Canada's Foreign Direct Investment: Do Intellectual Property Rights Matter?
    Mohammed Rafiquzzaman (Industry Canada)
    Phaedra Kaptein-Russell (Industry Canada)
    Someshwar Rao (Industry Canada)
  Patterns of Corporate Diversification in Canada: An Empirical Analysis
    Guy Gellatly (Statistics Canada)
    John Baldwin (Statistics Canada)
    Desmond Beckstead (Statistics Canada)
    Alice Peters (Statistics Canada)
  The Impact of Intellectual Property Rights on International Trade: Evidence from Canada
    Mohammed Rafiquzzaman (Industry Canada)
Discussants David Sabourin (Statistics Canada)
  Robert John Vigfusson (Northwestern University)

Fri 13:30 - 15:00 B226
Institutions and Well-Being
Chair Philippe Marcoul (Cirano)
Presentations Bleak Expectations: the Role of Pessimism in Addiction
    Jeremy Clark (University of Canterbury)
  Social Welfare Functions: Some Dissonant Notes
    Larry Levine (University of New Brunswick)
  Valuing the benefits of health care: where's the 'extra' in extra-welfarism?
    Cam Donaldson (University of Calgary)
    Stephen Birch (McMaster University)
Discussants Philippe Marcoul (Cirano)
  Xiaolin Zhong (York University)

Fri 13:30 - 15:00 B228
PEF: Economic Literacy and Popular Education: Reports from the Front Lines
Organizer Ellen Russell (University of Massachusetts at Amherst)
Chair David Fairey (Director, Trade Union Research Bureau)
Presentations Education Techniques at the Center for Popular Economics
    Ellen Russell (University of Massachusetts at Amherst)
  The Experience of Popular Economics Education in Canada
    Gary Rabbior (Executive Dir., Canadian Foundation for Economic Education)
  Economic Literacy, Intellectual Self-Defence and Social Movements
    Marc Lee (Research Economist, Canadian Center for Policy Alternatives)
Discussants Jim Stanford (Economist, Canadian Auto Workers)

Fri 13:30 - 15:00 B313
Economic Theory (3)
Chair Parikshit Ghosh (University of British Columbia)
Presentations The Time Structure of Unenforceable Agreements
    Debraj Ray (New York University)
  Salvaging Optimal Auction When Resale Is Allowed
    Charles Zheng (Northwestern University)

Fri 13:30 - 15:00 B314
Chair Jacob Sagi (University of British Columbia)
Presentations Detecting Other-Regarding Behavior With Virtual Players
    Daniel Rondeau (University of Victoria)
    Paul J. Ferraro (Cornell University)
    Gregory L. Poe (Cornell University)
  A Marginal Productivity Apporach to the Repeated Prisoner's Dilemma: An Economic Twist on Axelrod' Tournaments
    David Robinson (Laurentian University)
    David Goforth (Laurentian University)
  On Learning to Cooperate
    Niels Anthonisen (Mount Allison University)
Discussants Richard Levesque (Carleton University)
  Jacob Sagi (University of British Columbia)

Fri 13:30 - 15:00 B320
CAES: Risk Management and Rural Finance
Chair Frédéric Martin (Université Laval)
Presentations Future Markets in the Milk Sector
    Calum Turvey (University of Guelph)
    Robert Romain (Université Laval)
  Managing Market Risks in Western Canadian Agriculture
    James Unterschultz (University of Alberta)
  Risk management Tools in the Agri-food Sector in the U.S
    Barry Barnett (Mississippi State University)
  Risk Management Tools in the Agri-food Sector
    Sylvain Larivière
    Frédéric Martin (Université Laval)
    Emmanuel Ndoruhirwe (Université Laval)
Discussants Peter Calkins (Université Laval)

Fri 13:30 - 15:00 B322
CAES: Adoption of Agricultural and Agroforestry Technologies in Asia
Chair Kurt Klein (University of Lethbridge)
Presentations Adoption of Dryland Cropping Technologies in the Hebei Region of Northern China
    Elwin Smith (Agriculture and Agri-Food Canada, Lethbridge, Alberta)
    Kurt Klein (University of Lethbridge)
  Adoption of Agroforestry in Wagaland India Using Farm-led Technology Development and Dissemination
    Merle Faminow (IDRC)
    Kurt Klein (University of Lethbridge)
  Adoption of Biotechnology in Thailand and the Threat of Intellectual Piracy
    William A. Kerr (University of Saskatchewan)
    Revadee Yampoin (Kasetart University, Bangkok)
  The Rice Economy in India: Technology and Competitiveness after the Asian Crisis
    Rick Barichello (Past President CAES)
    David Dawe (International Rice Research Institute)
Discussants Cameron Short (Agriculture and Agri-food Canada)
  George Kennedy (University of British Columbia)

Fri 15:00 - 15:30 BUCH

Fri 15:30 - 17:00 A100
CSLS: Measures of Economic Well-Being
Chair Alice Nakamura (University of Alberta)
Presentations An Index of Economic Well-being for OECD Countries
    Lars Osberg (Dalhousie University)
    Andrew Sharpe (Centre for the Study of Living Standards)
  Misplaced Concreteness: Measuring Genuine Progress and the Nature of Money
    Mark Anielski (University of Alberta)
Discussants John Helliwell (University of British Columbia)
  Jeremy Rudin (Finance Canada)

Fri 15:30 - 17:00 A102
CERF: Financial Incentives
Chair John Greenwood (SRDC)
Presentations How Do Financial Incentive Programs Affect Marriage, Child Care, and Child Outcomes? Findings from the Canadian Self-Sufficiency Project
    Lisa Gennetian (MDRC)
    Kristen Harknett (HDRC)
    Pamela Morris (MDRC)
Discussants Jeffrey Smith (University of Western Ontario)

Fri 15:30 - 17:00 A104
Labour: WRNET Education Session I
Presentations Labour Market Outcomes and Schooling in Canada: Has the Value of a High School Degree Changed Over Time?
    Daniel Parent (McGill University)
  Inequality and School Financing
    Julian Betts (University of California at San Diego)
  Determinants of Dropping Out of High School
    Thomas Lemieux (University of British Columbia)
    David Card (University of California at Berkeley)
Discussants Krishna Pendakur (Simon Fraser University)
  W. Craig Riddell (University of British Columbia)
  Arthur Sweetman (Queen's University)

Fri 15:30 - 17:00 A106
C.D. Howe Institute Panel Discussion: Enhancing Financial Stability - The Role of Markets and Governments
Organizer Finn Poschmann (C.D. Howe Institute)
Chair Finn Poschmann (C.D. Howe Institute)
Panelists John Chant (Simon Fraser University)
  Clyde Goodlet (Bank of Canada)
  Jim Howden (HSBC)
  Nick Le Pan (Office of Superintendent of Financial Institutions, Canada)

Fri 15:30 - 17:00 A202
Economic Peformance
Chair Thomas Cottrell (University of Calgary)
Presentations Economic Growth and the Production of New Ideas, and the Software Input
    Derek Stovin (University of Saskatchewan)
    W.H. Furtan (University of Saskatchewan)
  Entrepreneurial Risk, Credit Constraints and Corporate Income Tax
    Cesaire Meh (University of Western Ontario)
  Environmental Regulation, Enterprise Efficiency, and the Associated Adjustments
    Diana H. Tsai (Stanford University)
Discussants Thomas Cottrell (University of Calgary)

Fri 15:30 - 17:00 A203
Developement, Trade and Pollution
Chair Ronald W. Jones (University of Rochester)
Presentations Canada's International Trade and Production Fragmentation
    Shenjie Chen (Dept. of Foreign Affairs and International Trade)
    Prakash Sharma (Dept. of Foreign Affairs and International Trade)
    Mingtao Chen (University of Ottawa)
  The Role of Service Sector in the Process of Industrialization
    Mukesh Eswaran (University of British Columbia)
    Ashok Kotwal (University of British Columbia)
  Global Warming and Free Trade: A Trade Theory View of the Kyoto Protocol
    Brian Copeland (University of British Columbia)
    Scott Taylor (University of Wisconsin)
Discussants Nicolas Schmitt (Simon Fraser University)
  Karim Eslamloueyan (Shiraz University)

Fri 15:30 - 17:00 A204
Growth and Productivity
Chair Doug Hostland (Finance Canada)
Presentations Welfare and Growth Implications in Canada of Compliance to Kyoto Protocol:A Dynamic General Equilibrium Analysis with Imperfect
    Yazid Dissou (Finance Canada)
    Carolyn Mac Leod (MEPA, Industry Canada)
    Mokhtar Souissi (MEPA, Industry Canada)
  Non-Market Policies in a Computable General Equilibrium Model
    Aled ab Iorwerth (Dept. of Finance)
    Phil Bagnoli (Dept. of Finance)
  Engineering and Economic Growth
    Bernard Beaudreau (Université Laval)
Discussants Madanmohan Ghosh (University of Western Ontario)
  Doug Hostland (Finance Canada)

Fri 15:30 - 17:00 A205
Shocks and Debt
Chair Alok Johri (McMaster University)
Presentations The Potential for Lowering Federal Debt Service Charges: An Analysis of the Key Borrowing Instruments
    Fazley Siddiq (Dalhousie University)
  Testing the Permanent Income Hypothesis With Classification Methods
    Joseph De Juan (Wilfrid Laurier University)
    John Seater (North Carolina State University)
  Persistent and Transitory Shocks, Learning, and Investment Dynamics
    Bartholomew Moore (Fordham University)
    Huntley Schaller (Carleton University)
Discussants Mark Kamstra (Simon Fraser University)
  Alok Johri (McMaster University)

Fri 15:30 - 17:00 B212
Beliefs and Interactions
Chair Daniel Rondeau (University of Victoria)
Presentations Social interactions, thresholds, and unemployment in neighborhoods
    Brian Krauth (Simon Fraser University)
  The role of beliefs in an investment game experiment
    William Morrison (Wilfrid Laurier University)
    Lisa Rutstrom (University of South Carolina)
  Determination of Optimal Margin Requirements for Futures Contracts: A Markov Chain Model
    Sule Korkmaz (McMaster University)
    Erdem Gunduz (McMaster University)
    Mahmut Parlar (McMaster University)
Discussants Linda Welling (University of Victoria)
  Daniel Rondeau (University of Victoria)

Fri 15:30 - 17:00 B216
Elasticities of Demand and Substitution
Chair Christopher Nicol (University of Regina)
Presentations Substitutability of Immigrant and Native Labor
    Kusum Mundra (University of California, Riverside)
    R. Robert Russell (University of California, Riverside)
  The Role of Water in Manufacturing
    Diane Dupont (Brock University)
    Steven Renzetti (Brock University)
  Elasticities of Demand for Gasoline in Canada and the United States
    Christopher Nicol (University of Regina)
Discussants John Cranfield (University of Manitoba)
  Erwin Diewert (University of British Columbia)

Fri 15:30 - 17:00 B218
Macro Effects of Sectoral and Regional Imbalances
Organizer Jerzy Konieczny (Wilfrid Laurier University)
Chair Gianluigi Pelloni (University of Pisa and University of Sheffield)
Presentations A Forward-Looking Dynamic Multisectoral General-Equilibrium Tax Model of the UK Economy
    Keshab Bhattarai (University of Hull)
  Unit Root vs Structural Change: the Case of Unemployment in the North and South of Italy
    Vincenzo Caponi (University of Western Ontario)
  Macroeconomic Effects of Employment Reallocation: a Review and an Appraisal from an Econometric Perspective
    Giovanni Gallipoli (University of Illinois at Urbana-Champaign)
    Gianluigi Pelloni (University of Pisa and University of Sheffield)
  Macroeconomic Effects of Sectoral Shocks in US, UK, and Germany: A Bvar-Garch-m Approach
    Gianluigi Pelloni (University of Pisa and University of Sheffield)
    Wolfgang Polasek (University of Basel)
Discussants Stephen Gordon (Université Laval)
  Lucie Samson (Université Laval)

Fri 15:30 - 17:00 B226
Chair Christian Sigouin (Concordia University)
Presentations An Explanation for the Observed S02-GNP Relationship in the US Economy (1900-1990):Combining Environmental Kuznets Curve etc.
    Van Lantz (Simon Fraser University)
  A Regional Perspective on the Canada-US Standard of Living Comparison
    Raynald Létourneau (Industry Canada)
    Martine Lajoie (Privy Council Office)
  Economic Convergence In The European Union
    George K. Zestos (Christopher Newport University)
    Leo Michelis (Ryerson Polytechnic University)
    Ling Yin (Jiangnan University)
Discussants Turgut Kisinbay (McGill University)
  Christian Sigouin (Concordia University)

Fri 15:30 - 17:00 B228
PEF: Annual Business Meeting

Fri 15:30 - 17:00 B313
Economic Theory (4)
Chair Hugh Neary (University of British Columbia)
Presentations Sustaining Cooperation through Delegation
    Sergei Severinov (University of Wisconsin)
  Moral Hazard, Insurance, and Some Collusion
    Ingela Alger (Boston College)
    Albert Ma (Boston University)
  Coalitional Deviations as a Dynamic Process
    Hideo Konishi (Boston College)
    Debraj Ray (New York University)

Fri 15:30 - 16:00 B314
BC Articulation Meeting

Fri 15:30 - 17:30 B320
CAES Annual Business Meeting

Fri 15:30 - 17:00 B322
CABE: Climate Change and Industry Competitiveness
Chair John Hoicka (Ont. Ministry of Finance)
Panelists David Hanly (Sask. Dept. of Energy & Mines)
  David Podruzny (Canadian Chemical Producers' Association)
  Steve Stinson (Canadian Pulp & Paper Association)

Fri 17:00 - 17:15 A102
CERF: Overview and Closing Comments

Fri 18:00 - 19:30 FWTH
Innis Lecture: M. Poitevin
Speaker Michel Poitevin (Université de Montréal)
  Can the theory of incentives explain decentralization?

Fri 19:30 - 22:00 UC
Faculty of Commerce Reception

Saturday, June 3, 2000

Sat 08:30 - 10:00 A100
CABE: The Stock Market in the New Economy
Chair Chris Lawless (Ministry of Finance and Corporate Relations)
Panelists Doug Hyndman (B.C. Securities Commission)
  Paul Kedrosky (University of British Columbia)
  Hamish Kerr (Goepel McDermind)
  Robin Louis (CEO, Ventures West)
  George Pedersson (Economic Consultant)

Sat 08:30 - 10:00 A102
Radical Change
Chair Aidan Hollis (University of Calgary)
Presentations Taxation's Twilight: A paper advocating the complete elimination of taxation
    Gary Marshall
  Loans and Bank Reflux
    Pierre Parisien
  Convergence of Nuisance and Negligence: The Invisible "Hand Formula"
    Robert Gateman (University of British Columbia)
Discussants Jeremy Clark (University of Canterbury)
  Cam Donaldson (University of Calgary)

Sat 08:30 - 10:00 A104
PEF: After the Battle of Seattle: What Next for World Trade Policy?
Organizer Jim Stanford (Economist, Canadian Auto Workers)
Chair Martha MacDonald (St. Marys University)
Presentations Services: The New Frontier
    Noel Schacter (British Columbia Ministry of Employment and Investment)
  Global and Canadian Perspectives on Trade Policy
    John Helliwell (University of British Columbia)
  Globalization, Conflict and the New World Disorder
    Ed Shaffer (Emeritus, University of Alberta)
Discussants Stephen McBride (Simon Fraser University)
  Alex Michalos (University of Northern British Columbia)

Sat 08:30 - 10:00 A106
Income Distribution
Chair Peter Ibbott (University of Lethbridge)
Presentations A Decomposition of the Environmental Kuznets Curve
    Cristina Echevarria (University of Saskatchewan)
    Sim Ho (University of Saskatchewan)
  Poverty Duration and Poverty Measurement
    Kuan Xu (Dalhousie University)
    Lars Osberg (Dalhousie University)
  The Gini Index: Subgroup Decomposition for Discrete Income Distributions
    Kuan Xu (Dalhousie University)
Discussants Vincent Jalbert (Department of Finance Canada)
  Bob Howard (Alberta Treasury)

Sat 08:30 - 10:00 A202
Labour: Gender Wage Differentials
Presentations Comparable Worth Comes To The Private Sector: The Case of Ontario
    Nicole Fortin (University of British Columbia)
    Michael Baker (University of Toronto)
  The Persistent Gap: New Evidence on the Canadian Gender Wage Gap
    Marie Drolet (Statistics Canada)
  Predictions of the Canadian Gender Wage Gap 2001-2031
    Mike Shannon (Lakehead University)
    Michael Kidd (University of Aberdeen)
Discussants Ross Finnie (Statistics Canada and Queen's University)
  Lynda Gagne (University of British Columbia)

Sat 08:30 - 10:00 A203
Interest Rates
Chair Ron Kneebone (University of Calgary)
Presentations New Findings on the Expectations Hypothesis and Canadian Interest Rates
    James Morley (Washington University)
    Toni Gravelle (Bank of Canada)
  Is the real interest rate constant? Evidence form OECD countries
    Baldev Raj (Wildrid Laurier University)
  Test of term structure models with treasury bonds
    Jun Yang (University of Toronto)
Discussants Lynda Khalaf (Université Laval)
  Talan Iscan (Dalhousie University)

Sat 08:30 - 10:00 A204
Empirical Macro
Chair Pierre Siklos (Wilfrid Laurier University)
Presentations Relative-price shocks and inflation
    Ian Christensen (Bank of Canada)
  Estimating an Open Economy Aggregate Supply Function For the Canadian Economy
    Simon Neaime (American University of Beirut)
    John Paschakis (York University)
    Efstratios Tselepis (York University)
  Effets réels du cours des actions sur la consommation
    Lise Pichette (Bank of Canada)
Discussants Jagdish Handa (McGill University)
  Derek Hermanutz (Finance Canada)

Sat 08:30 - 10:00 A205
Chair Raynald Létourneau (Industry Canada)
Presentations The Case For and Against Import Embargoes on Products of Biotechnology
    (Carol) Chui Ha Lau (University of Calgary)
    James Gaisford (University of Calgary)
  Can tariff-jumping foreign investment be beneficial?
    Yingfeng Xu (University of Alberta)
  Trade and Education Premium in Canada
    Omar Zakhilwal (Carleton University)
Discussants Ashfaq Ahmad (Industry Canada)
  Eugene Beaulieu (University of Calgary)

Sat 08:30 - 10:00 B212
Theory: Finance
Chair Jiankang Zhang (Carleton University)
Presentations Informed Finance?
    Dan Bernhardt (University of Illinois (UIUC))
    Stefan Krasa (University of Illinois (UIUC))
  Habit Formation with Recursive Preferences
    Aylin Seckin (CIRANO)
  Inter-temporal Preference for Flexibility and Risky Choice
    Jacob Sagi (University of British Columbia)
    Alan Kraus (University of British Columbia)
Discussants Jiankang Zhang (Carleton University)
  Kim Kaivanto (University of Warwick)

Sat 08:30 - 10:00 B226
Market Efficiency
Chair Martin Charron (Finance Canada)
Presentations Volatility Transmission Between Foreign Exchange and Money Markets
    Shafiq Ebrahim (Bank of Canada)
  Total Wealth, Consumption and Portfolio Shares: Evidence and Theory
    Michel Normandin (UQAM)
    Pascal St-Amour (Ecole des Hautes Etudes Commerciales)
  Transaction data analysis of price and volume dependence: evidence from Canadian index futures
    Zhigang Tong (Queen's University)
Discussants Wai-Ming Ho (York University)
  Soo-Bin Park (Carleton University)

Sat 08:30 - 10:00 B313
Economic Theory (5)
Chair Mukesh Eswaran (University of British Columbia)
Presentations Preemption and Rent Dissipation With Multiple Investments
    Marcel Boyer (Université de Montréal)
    Pierre Lasserre (Université du Québec à Montréal)
    Thomas Mariotti (London School Economics & Poli. Science)
    Michel Moreaux (Universite de Toulouse I)
  Population Principles with Number-Dependent Critical Levels
    Charles Blackorby (University of British Columbia)
    David Donaldson (University of British Columbia)
    Walter Bossert (Université de Montréal)

Sat 08:30 - 10:00 B314
Labour: Unemployment Insurance - Take Up, Search and Intergenerational Dynamics
Presentations Intergenerational Influences on the Receipt of Unemployment Insurance in Canada and Sweden
    Miles Corak (Statistics Canada)
    Bjorn Gustafsson (University of Goteborg)
    Torun Osterberg (Univesity of Goteborg)
  The Impact of Social Capital and Workers' Attitudes Toward Job Search on UI Receipt
    David Gray (University of Ottawa)
  Unemployment Insurance Take-Up and Reemployment
    Marc VanAudenrode (Université Laval)
    Jean-Yves Duclos (Université Laval)
    Jean-François Bertrand (HRDC)
Discussants Tim Sargent (Department of Finance)
  Lars Vilhuber (U.S. Census Bureau & York University)

Sat 08:30 - 10:00 B318
CAES: Productivity Analysis
Chair Alfons Weersink (University of Guelph)
Presentations Pesticide Productivity in Alberta Crop Production
    Shahidul Islam (University of Alberta)
    Terry S. Veeman (University of Alberta)
  Measures of Technical Efficiency in Dairy Production: Comparisons and Decompositions
    Mbaga Msafiri (Université Laval)
    Robert Romain (Université Laval)
    Bruno Larue (Université Laval)
  On the Choice of Functional Form in Stochastic Frontier Models
    Konstantinos Giannakas (University of Nebraska)
    Kien C. Tran (University of Saskatchewan)
    Vangelis Tzouvelekas (University of Crete)
  Comparative DEA Analysis of Productivity in Boreal Logging Industries
    Atakelty Hailu (University of Alberta)
    Terry S. Veeman (University of Alberta)

Sat 08:30 - 10:00 B320
CAES: Resource Management
Chair Larry Martin (University of Guelph)
Presentations An Economic Approach to Determining Optimal Capacity and Managing Human Use Levels in Canada's National Parks
    Ian Myles (University of Guelph)
  Optimal Water Distribution and Sustainability When Efficiency Pricing Cannot be Implemented
    John Janmaat (Grad Student)
  Economics Analysis of Integrated Surface and Ground Water Use Management in the Jakarta Region, Indonesia
    Yusman Syaukat (University of Guelph)
    Glenn Fox (University of Guelph)
  Factor Substitution and Returns to Scale in the Canadian Lumber Industry
    Gholamreza Chabokrow (University of Saskatchewan)
    Kien C. Tran (University of Saskatchewan)
    Mobinul Huq (University of Saskatchewan)

Sat 08:30 - 10:00 B322
CAES: Food Demand Analysis
Chair Martin Rice (Canadian Pork Council)
Presentations Estimating Consumer Demands Across the Development Spectrum: Maximum Likelihood Estimates of an Implicit Direct Additivity Model
    John Cranfield (University of Manitoba)
    Paul Preckel (Purdue University)
    James Eales (Purdue University)
    Thomas Hertel (Purdue University)
  Aggregate Measures of Food Consumption
    J. Stephen Clark (Nova Scotia Agricultural College)
    Albert J. Reed (Economic Research Service, Washington, D.C.)
    William Levedahl (Economic Research Service, Washington, D.C.)
  Meat Demand Analysis with Endogenous Unit Values
    Pierre Perusse (Agriculture et Agroalientaire Canada)
    Bruno Larue (Université Laval)
  Canadian Household Demand for Major Food Categories: Cross Sectional Econometric Analysis
    Chen Chen (University of Alberta)
    Kevin Chen (University of Alberta)
    Michele M. Veeman (University of Alberta)

Sat 10:00 - 10:30 BUCH

Sat 10:30 - 12:00 A100
CABE: Economic Outlook: How Long Will The North American Expansion Continue?
Chair Catherine Harris (Investment Executive)
Panelists Dale Orr (WEFA Canada)
  Helmut Pastrick (Credit Union Central of B.C.)
  George Pedersson (Economic Consultant)

Sat 10:30 - 12:00 A102
Labour: Labour Dynamics in the Low Skilled Labour Market
Presentations Wage Dynamics Among the Low Paid
    Peter Gottschalk (Boston College)
  Canadian Wage Dynamics
    Charles Beach (Queen's University)
    Ross Finnie (Statistics Canada and Queen's University)
Discussants John Burbidge (McMaster University)
  Jane Friesen (Simon Fraser University)

Sat 10:30 - 12:00 A104
CWEN: Roundtable on the Status of Women Economists in Canada
Organizer Brenda Spotton-Visano (York University)
Chair Brenda Spotton-Visano (York University)
Panelists Martin Dooley (McMaster University)
  Nicole Fortin (University of British Columbia)
  Nancy Olewiler (Simon Fraser Univesity)
  Roberta Robb (Brock University)
  Frances Woolley (Carleton University)

Sat 10:30 - 12:00 A106
Market Power
Chair Thomas Ross (University of British Columbia)
Presentations Spoiling the Market
    Sam Bucovetsky (York University)
  Vertical Restraints and the Problem of a Durable Good Monopolist
    Philippe Cyrenne (University of Winnipeg)
  Cooperating Upstream While Competing Downstream: A Theory of Input Joint Ventures
    Zhiqi Chen (Carleton University)
    Thomas Ross (University of British Columbia)
Discussants Mukesh Eswaran (University of British Columbia)
  Jeffrey Church (University of Calgary)

Sat 10:30 - 12:00 A202
Public Policy
Chair Michel Roland (Université Laval)
Presentations Do Tax Differences Contribute toward the Brain Drain from Canada to the U.S.?
    Don Wagner (University of British Columbia)
  Kyoto Protocol and Canada's Public Policy: An Economic Inquiry into Ancillary Health Benefits of GHG Mitigation
    Milan Jayasinghe (Health Canada / University of Ottawa)
  Network Externalities, Inequality, and Child Labor Laws
    Sylvain Dessy (Université Laval)
    Desire Vencatachellum (H.E.C, Montreal, Quebec, Canada)
Discussants Amornrat Apinunmahakul (University of Ottawa)
  Michel Roland (Université Laval)

Sat 10:30 - 12:00 A203
Labour: Firm and Worker Decisions in the Labour Market
Presentations The Impact of Sunday Shopping Deregulation on Employment and Hours of Work in the Retail Industry: Evidence from Canada
    Mikal Skuterud (McMaster University)
  Determinants of the Retirement Age: Does Money Really Matter
    Janice Compton (Finance Canada)
  A Search Theoretic Interpretation of the Rise in Own-Account Self-Employment in Canada in the 1990's
    Danny Leung (University of Western Ontario)
Discussants Marie Drolet (Statistics Canada)
  Andrew Heisz (Statistics Canada)
  Stephanie Luis (University of British Columbia)

Sat 10:30 - 12:00 A204
Chair Lisa Kramer (Simon Fraser University)
Presentations Can Human Capital Theory Explain the Distribution of Earnings and Income
    David Andolfatto (University of Waterloo)
    Paul Gomme (Federal Reserve Bank Cleveland)
    Chris Ferrall (Queen's University)
  Self-enforcing Labour Contracts and Business Fluctuations
    Christian Sigouin (Concordia University)
  The structural determinants of real interest rates in Canada
    Jean-François Fillion (Department of Finance)
    Céline Gauthier (Department of Finance)
Discussants Bartholomew Moore (Fordham University)
  Ken Stewart (University of Victoria)

Sat 10:30 - 12:00 A205
International Finance
Chair James Nason (University of British Columbia)
Presentations Currency Swaps, Fully Hedged Borrowing and Long Term Covered Interest Arbitrage
    Geoffrey Poitras (Simon Fraser University)
  The Liquidity Effects of Foreign Exchange Intervention
    Wai-Ming Ho (York University)
  The Real Exchange Rate, the Current Account, and Foreign Debt in a Stochastic Optimizing Model with Imperfect Capital Flows
    Jafar Khondaker (Carleton University)
Discussants James Nason (University of British Columbia)
  Frank Atkins (University of Calgary)

Sat 10:30 - 12:00 B212
Chair Patrick Coe (University of Calgary)
Presentations Panel Unit Root Tests under the Null Hypothesis of Stationarity and Confirmatory Analysis
    Chi-Young Choi (The Ohio State University)
  A Medium-Term Forecasting Equation for the Canada-US Real Exchange Rate
    Martin Charron (Finance Canada)
  A Test of the Forward Foreign Exchange Market Efficiency with a Vector-Error Correction Model
    Soo-Bin Park (Carleton University)
Discussants Jimmy Royer (Université Laval)
  Patrick Coe (University of Calgary)

Sat 10:30 - 12:00 B216
Empirical Demand and Supply
Chair Clark Leith (University of Western Ontario)
Presentations Model Selection when Estimating and Predicting Consumer Demands using International, Cross Section Data
    John Cranfield (University of Manitoba)
    James Eales (Purdue University)
    Thomas Hertel (Purdue University)
    Paul Preckel (Purdue University)
  Nutritional and Budgetary Implications of Price and Income Change: A Case Study of Low Income Households in Lesotho.
    Varghese Manaloor (Augustana University College)
    Storey Gary (University of Saskatchewan)
    Richard Gray (University of Saskatchewan)
  Production Organ. Market Imperfections & the Role of Human Capital in Transition Economies: Evidence From Romanian Agriculture
    Marian Rizov (Katholieke Universiteit Leuven)
    Johan Swinnen (Katholieke Universiteit Leuven)
Discussants Clark Leith (University of Western Ontario)

Sat 10:30 - 12:00 B218
Chair Kenneth Hendricks (University of British Columbia)
Presentations The Analytics of Search with Posted Prices
    Michael Arnold (University of Delaware)
    Steven Lippman (University of California, Los Angeles)
  First Price Auctions in the Independent Private Value Model.
    Bernard Lebrun (Université Laval)
  Sequential Investments and Exclusive Contracts
    Kyoungwon Rhee (University of Wisconsin)
Discussants Kenneth Hendricks (University of British Columbia)
  Dan Bernhardt (University of Illinois (UIUC))

Sat 10:30 - 12:00 B226
Empirical Trade
Chair Simon Neaime (American University of Beirut)
Presentations Exports, Imports and GDP: Causal Relations in Six European Union Countries
    Leo Michelis (Ryerson Polytechnic University)
    George K. Zestos (Christopher Newport University)
    Tao Xiangnan (Jiangnan University, China)
  International Monetary Policy and Trade Imbalances: Evidence from a Panel of Twelve Industrialized Countries
    Seung-Dong Lee (University of Alabama at Birmingham)
    Bradley K. Wilson (University of Alabama at Birmingham)
  Foreign Exchange Intervention and Central Bank Transparency in Two Small Open Economies: The Canadian And Australian Experiences
    Pierre Siklos (Wilfrid Laurier University)
    Jeff Rogers (KPMG Canada)
Discussants Mohammed Rafiquzzaman (Industry Canada)
  Simon Neaime (American University of Beirut)

Sat 10:30 - 12:00 B228
Chair Larry Levine (University of New Brunswick)
Presentations Habermasian Insights for Economics
    Kenneth Avio (University of Victoria)
  Adam Smith on Colonial Economic Policy
    Melvin Cross (Dalhousie University)
  An Examination on Some Outdated Assumptions and Logical Flaws in Existing Economics Theories
    Xiaolin Zhong (York University)
Discussants Christopher Green (McGill University)
  Keir Armstrong (Carleton University)

Sat 10:30 - 12:00 B313
Economic Theory (6)
Chair Gordon Myers (Simon Fraser University)
Presentations Cognition and the Theory of Learning by Doing
    Bently MacLeod (University of Southern California)
  Conditional Preferences and Updating
    Tan Wang (University of British Columbia)

Sat 10:30 - 12:00 B314
ECAAR: Economic Perspective on Dangerous Technologies, Canadian Armed Forces and Defence Industrial Base
Chair Kanta Marwah (Carleton University)
Presentations When Costs Approach Infinity: An Economic Perspective on Dangerous Technologies
    Lloyd Jeffry Dumas (University of Texas, Dallas)
  The Canadian Forces Recruitment/Attrition Model
    Tracy Wait (Department of National Defence)
    John Verdon (Department of National Defence)
  The Canadian Defence Industrial Base
    Binyam Solomon (Department of National Defence)
Discussants Erik Poole (Simon Fraser University)
  Thomas K. Rymes (Carleton University)

Sat 10:30 - 12:00 B318
CAES: Research Policy
Chair Rick Barichello (Past President CAES)
Presentations Voting for Registration of New Varieties of Grains and Oilseeds in Western Canada: A Collegial Process in a Competitive Time
    Kurt Klein (University of Lethbridge)
    A. M. Walburger (University of Lethbridge)
  The Effects of Biotechnology on Concentration and Structure in the Agricultural Industry
    Murray Fulton (University of Saskatchewan)
    Konstantinos Giannakas (University of Nebraska)
  A Stochastic Approach to Examine Spillovers in Public and Private Agricultural Research
    Richard Gray (University of Saskatchewan)
    Stavroula Malla (University of Saskatchewan)
  Market Structure, Innovation, and Technological Change in the Life Sciences: An Example from the Seed Industry
    Edmund K. Mupondwa (Agriculture and Agri-Food Canada, Saskatoon, Saskatchewan)

Sat 10:30 - 12:00 B320
CAES: Risk Management
Chair Bruno Larue (Université Laval)
Presentations Hedging Financial and Business Risks in Agriculture with Commodity-Linked Bonds
    Yufie Jin (University of Guelph)
    Calum Turvey (University of Guelph)
  Characterizing Risk in the U.S. Food and Tobacco Manufacturing Industries: A Single Index Model Approach
    John Cranfield (University of Manitoba)
  Futures Market Trading Returns Using Moving Averages
    J. Jonathan Weselak (Western Opinion Research)
    Milton Boyd (University of Manitoba)
  A Dynamic Euler Equation Model of Cow-Calf Output Supply
    Msafiri Mbaga (Université Laval)
    Barry Coyle (University of Manitoba)

Sat 10:30 - 12:00 B322
CAES: Demand Analysis
Chair Jeff Corman (Agriculture and Agri-Food Canada)
Presentations Integration of Canadian and U.S. Cattle Markets
    Rita Aitwal (Agriculture and Agri-Food Canada, Ottawa)
  Demand for Wine in Ontario, Canada
    Brenda Dyack (University of Guelph)
    Ellen Goddard (University of Melbourne)
  Consumer Responses to Animal Disease Epidemics: An Empirical Study of the MD Outbreak
    Jason Tsai (National Taipei University)
  Evaluating Branded Advertising of Fluid Milk Products in Taiwan
    Jane Lu Hsu (National Chung Hsing University, Taiwan)
    Gary Shang-Min Liu (National Chung Hsing University, Taiwan)

Sat 12:00 - 13:30 UC
Douglas Purvis Memorial Luncheon
Speaker Ken Binmore (University College London)
  Sometimes Economic Theory Works

Sat 13:30 - 15:00 A100
Chair Melvin Cross (Dalhousie University)
Presentations Explanining Local Variations in Famil Planning Policy in China
    Yiu-fai Lee (University of Toronto)
  Why Botswana Prospered
    Clark Leith (University of Western Ontario)
  Ageing of the Federal Public Sector Workforce: A glimpse into the future
    Gordon Cousineau (Treasury Board of Canada Secretariat)
Discussants Melvin Cross (Dalhousie University)
  Padma Rao Sahib (University of Groningen - Population Research Centre)

Sat 13:30 - 15:00 A102
Trade Policy
Chair Timo Tiainen (University of Vaasa)
Presentations Lobby Groups, Nontraded Goods and Endogenous Structure of Protection
    Ram Acharya (University of Ottawa)
  International R&D Rivalry and Strategic Policy under Vertical Differentiation with Symmetric Costs
    Naoto Jinji (University of British Columbia)
Discussants Timo Tiainen (University of Vaasa)
  Lasheng Yuan (University of Calgary)

Sat 13:30 - 15:00 A104
Labour: Welfare and Training
Presentations How Does Welfare Influence Young Women's School and Work Achievements?
    Thomas MaCurdy (Stanford University)
  What Do We Learn About Evaluation From The National Supported Worker Data?
    Jeffrey Smith (University of Western Ontario)
  The Impact of Government-Sponsored Training Programs on the Labour Market Transitions of Disadvantaged Men
    Guy Lacroix (Université Laval)
    Lucie Gilbert (Human Resources Development Canada)
    Thierry Kamionka (GREQAM, Université de Toulouse I)
Discussants Bernard Fortin (Université Laval)
  David Green (University of British Columbia)
  Thomas Lemieux (University of British Columbia)

Sat 13:30 - 15:00 A106
CSLS: Manufacturing Productivity Trends in Canada and the United States (co-sponsored with Industry Canada)
Chair Andrew Sharpe (Centre for the Study of Living Standards)
Presentations A Comparison of Productivity Growth in Manufacturing between Canada and the United States, 1961-1995
    Wulong Gu (Industry Canada)
    Mun Ho (Harvard University)
  An Assessment of Competitiveness and Productivity Levels - Canadian and U.S. Manufacturing Industries
    Frank Lee (Industry Canada)
    Jianmin Tang (Industry Canada)
  Three Suggestions to Improve Multifactor Productivity Measurement in Canadian Manufacturing
    Serge Coulombe (University of Ottawa)
Discussants David Burgess (University of Western Ontario)
  Michael Denny (University of Toronto)

Sat 13:30 - 15:00 A202
Product Rivalry
Chair Jeffrey Church (University of Calgary)
Presentations TV Advertising, Program Quality, and Product-Market Oligopoly
    Tore Nilssen (University of Oslo)
    Lars Sorgard (University of California, Santa Barbara)
  Private Labels, Price Rivalry and Public Policy
    Lars Sorgard (University of California, Santa Barbara)
    Tommy Staahl Gabrielsen (University of Bergen)
  The Importance of Innovation for Competitiveness
    Someshwar Rao (Industry Canada)
    Ashfaq Ahmad (Industry Canada)
    William Horseman (Industry Canada)
    Phaedra Kaptein-Russell (Industry Canada)
  Network Externalities, Technological Progress, and Competitive Upgrades
    Jeffrey Church (University of Calgary)
    Michael Turner (EES Consulting)
Discussants Philippe Cyrenne (University of Winnipeg)
  Zhiqi Chen (Carleton University)

Sat 13:30 - 15:00 A203
Environment and Biotechnology
Chair Cristina Echevarria (University of Saskatchewan)
Presentations Environmental Information, Consumers, and Workers: Economic Theory and Canadian Evidence
    Werner Antweiler (University of British Columbia)
    Kathryn Harrison (University of British Columbia)
  Limiting Biotechnology? - Information Problems and Policy Responses
    James Gaisford (University of Calgary)
    Marni D. Plunkett (University of Calgary)
  Climate Change Policy: The Energy Predicament
    Christopher Green (McGill University)
    H.D. Lightfoot
Discussants James B. Davies (University of Western Ontario)
  Cristina Echevarria (University of Saskatchewan)

Sat 13:30 - 15:00 A204
Money and Debt
Chair David Andolfatto (University of Waterloo)
Presentations The Neutrality of Money: A "No-Trade" Perspective
    Yoram Halevy (University of British Columbia)
  Overlapping Generations Models of Graded Age-Set Societies: Economics Meets Ethnography
    Merwan Engineer (University of Victoria)
    Linda Welling (University of Victoria)
Discussants Francisco Gonzalez (University of British Columbia)

Sat 13:30 - 15:00 A205
CABE: The Microsoft Antitrust Case: Canadian Perspectives
Chair Chris Lawless (Ministry of Finance and Corporate Relations)
Panelists Gwill Allen (Competition Policy Bureau)
  Richard Corley (Davis, Ward & Beck)
  Jim MacMaster (Branch MacMaster)
  Stan Wong (Davis & Co.)

Sat 13:30 - 15:00 B212
Law and Economics
Chair David Robinson (Laurentian University)
Presentations The Role of Jurisdictional Challenges in Enforcing Inter-State Environmental Agreements
    Patricia Koss (Portland State University)
  Schooling, Social Capital, and Delinquency
    Ambrose Leung (Carleton University)
  Law Enforcement and Criminality: Europe vs. USA
    Robert Schwager (Zentrum für europäische Wirtschaftsforschung GmbH)
    Dominque Demougin (Otto-von-Guericke University)
Discussants Sandra Charles (Industry Canada)
  David Robinson (Laurentian University)

Sat 13:30 - 15:00 B218
Nonparametric and Volatility
Chair Joris Pinkse (University of British Columbia)
Presentations Interlisted stocks and the Toronto Stock Exchange: Nonparametric estimation of the impact of cross-listing
    Ryan Davies (Queen's University)
  A Generalized Stochastic Volatility Approach to the Hedging of Daily Returns
    Ilias Tsiakas (University of Toronto)
Discussants Mark Kamstra (Simon Fraser University)
  Joris Pinkse (University of British Columbia)

Sat 13:30 - 15:00 B226
Contracts and Incentives
Chair Bernard Lebrun (Université Laval)
Presentations On the Neutrality of Asset Ownership for Work Incentives
    Gregory Dow (Simon Fraser University)
  A model of Consultancy
    Philippe Marcoul (Cirano)
  Efficiency in Teams with Sub-Teams
    Shasi Nandeibam (University of Birmingham)
  Toward an alternative model of institutional choice and change based on the concept of productive authority; with selected appli
    Richard Levesque (Carleton University)
Discussants Dan Bernhardt (University of Illinois (UIUC))
  Bernard Lebrun (Université Laval)

Sat 13:30 - 15:00 B228
PEF: Waiting for the Bubble to Burst: The Next Financial Crisis and its Implications
Organizer Jim Stanford (Economist, Canadian Auto Workers)
Chair Brian MacLean (Laurentian University)
Presentations The Increasing Fragility of Western Financial Capital Markets
    Brenda Spotton-Visano (York University)
  Stabilizing and Destabilizing Policies for the Next Recession
    Mike McCracken (Chair and CEO, Informetrica Limited)
  Reducing Speculation Through a Tobin Tax: An Optimal-Portfolio Approach
    Bruno Bosco (State University of Milan)
Discussants Gideon Rosenbluth (University of British Columbia)

Sat 13:30 - 15:00 B313
Economic Theory (7)
Chair Charles Hyde (University of Melbourne)
Presentations A Simple Model of Parental Influence
    Debraj Ray (New York University)
    Ruqu Wang (Queen's University)
  Competing Pre-marital Investments
    Mike Peters (University of Toronto)
    Aloysius Siow (University of Toronto)

Sat 13:30 - 15:00 B320
Labour: Unions, Immigrants and Productivity
Presentations 'Legal' versus 'economic' factors in the growth and decline of unions: A stock-flow analysis of Canada and the U.S.
    Susan Johnson (McMaster University)
  Visits to Canada: The role of Canada's immigrant populations
    David Prescott (University of Guelph)
    David Wilton (University of Waterloo)
  Employment Growth, Productivity and Structural Adaptation of Provincial Economies During the 90s.
    Mian B. Ali (University of Prince Edward Island)
    Palanisamy Nagarajan (University of Prince Edward Island)
    Wimal Ranakaduwa (University of Prince Edward Island)
Discussants Jorgen Hansen (IZA - Institute for the Study of Labor)
  Marcelin Joanis (Finance Canada)
  Chris Riddell (University of British Columbia)

Sat 13:30 - 15:00 B322
HRDC: Parental Income and Children
Chair Jean-Pierre Voyer (Director-General of the Applied Research Branch of HRDC)
Presentations The Missing Link Between Income and Child Health and Well-Being
    Lori Curtis (Dalhousie University)
    Shelley Phipps (Dalhousie University)
  The Effect of the Self Sufficiency Project Earnings Supplement on Child Outcomes
    Pamela Morris (MDRC)
    Lisa Gennetian (MDRC)
  Time Crunch Among Parents with Children: Does it arrise from an Attempt to Maintain Living Standards?
    Clarence Lochhead (Data Quest Incorporated)
Discussants Dafna Kohen (University of British Columbia)

Sat 15:00 - 15:30 BUCH

Sat 15:30 - 17:00 A100
Imperfect Competition and Public Policy
Chair Hugh Neary (University of British Columbia)
Presentations Product release strategies in microcomputer software
    Thomas Cottrell (University of Calgary)
  Litigation and Settlement in Patent Infringement Cases
    Corinne Langinier (Concordia University)
    Claude Crampes (GREMAQ and IDEI, Toulouse, France)
  Technology Heterogeneity, Competition and Miserising Intra-industry Trade
    Lasheng Yuan (University of Calgary)
Discussants Gregory Dow (Simon Fraser University)
  Hugh Neary (University of British Columbia)

Sat 15:30 - 17:00 A102
CSLS: Perspectives on the Canada-U.S. Manufacturing Gap (co-sponsored with Industry Canada)
Chair W. Craig Riddell (University of British Columbia)
Presentations Trade and Productivity Growth in Manufacturing: A Canada-U.S. Comparison
    Rick Harris (Simon Fraser University)
    Samer Kherfi (Simon Fraser University)
  Canadian Manufacturers' Relative Productivity Performance, 1907-90
    Ian Keay (McGill University)
  Canada-U.S. Productivity in the Chemical Industry
    Someshwar Rao (Industry Canada)
    Frank Lee (Industry Canada)
    Ron Hirshorn (Economic Consultant)
Discussants Erwin Diewert (University of British Columbia)
  Guy Gellatly (Statistics Canada)
  Beiling Yan (Statistics Canada)

Sat 15:30 - 17:00 A104
Labour: Immigration
Presentations The Distribution of Immigrant Earnings
    John DiNardo (University of California at Irvine)
  The Earnings Growth of Immigrant Men and Women Using Longitudinal Individual Data
    Harriet Duleep (The Urban Institute)
    Daniel J. Dowhan (U.S. Social Security Administration)
  The Job Search and Education Investments of Immigrant Families
    Deborah Cobb-Clark (The Australian National University)
    Christopher Worswick (Carleton University)
    M.D. Connolly (Chatham College)
Discussants Dwayne Benjamin (University of Toronto)
  Julian Betts (University of California at San Diego)
  Mary Grant (Citizenship & Immigration)

Sat 15:30 - 17:00 A106
State of the Art Lecture: D. Ray
Chair Ashok Kotwal (University of British Columbia)
Speaker Debraj Ray (New York University)
  What Is New In Development?

Sat 15:30 - 17:00 A202
Risk and Options
Chair Michel Normandin (UQAM)
Presentations Fluctuations in Expected Returns and Economic Risk
    Lucie Samson (Université Laval)
    Benoit Carmichael (Université Laval)
  Absence of Arbitrage and Detrending Procedures: Making Sense of Rational Stock Prices
    Geoffrey Poitras (Simon Fraser University)
    John Heaney (Simon Fraser University)
    Edward Fang (Duke University)
  An Unbiased Explanation of the Favourite Longshot Bias
    Lawrence McDonough (Queen's University)
    William Hurley (Royal Military College of Canada)
Discussants Shafiq Ebrahim (Bank of Canada)
  Michel Normandin (UQAM)

Sat 15:30 - 17:00 A203
Labour: Worker Displacement: Patterns and Effects
Presentations International Patters in Worker Displacement
    Peter Kuhn (University of California at Santa Barbara)
  Abandoning the sinking ship: The composition of worker flows prior to displacement
    Lars Vilhuber (U.S. Census Bureau & York University)
    Paul Lengermann (U.S. Census Bureau & University of Maryland)
  The long run costs of job loss as measured by consumption changes
    Thomas Crossley (Australian National U. and York Univ.)
    Martin Browning (University of Copenhagen)
Discussants Daniel Parent (McGill University)
  Marc Van Audenrode (Université Laval)

Sat 15:30 - 17:00 A204
Monetary Policy and Debt Reduction
Chair Fazley Siddiq (Dalhousie University)
Presentations Population Ageing, Debt Reduction, and Intergenerational Equity
    Claude Lavoie (Department of Finance Canada)
    Bernard Babineau (Department of Finance)
  An Opportunistic Approach to Debt Reduction
    Patrick Georges (Department of Finance-Canada)
  Measuring Regional Effects of Monetary Policy
    George Georgopoulos (University of Toronto)
Discussants Patrick Coe (University of Calgary)
  Fazley Siddiq (Dalhousie University)

Sat 15:30 - 17:00 A205
Trade and Computable GE Models
Chair Bradley K. Wilson (University of Alabama at Birmingham)
Presentations State Owned Enterprises, Shirking and Trade Liberalization
    Madanmohan Ghosh (University of Western Ontario)
    John Whalley (University of Western Ontario)
  A Computable General Equilibrium Model of Canada-US Trade
    J. Elton Fairfield (University of Western Ontario)
  Estimating Dynamic Ricardian Trade Model
    Timo Tiainen (University of Vaasa)
Discussants Aled ab Iorwerth (Dept. of Finance)
  Bradley K. Wilson (University of Alabama at Birmingham)

Sat 15:30 - 17:00 B216
Chair Christopher Ragan (McGill University)
Presentations Learning, Utilization and the Propagation of Shocks
    Alok Johri (McMaster University)
    Marc-Andre Letendre (McMaster University)
  Learning from Structural Vector Autoregression Models
    Stephen Gordon (Université Laval)
    Dorothee Boccanfuso (Université Laval)
  Time Varying Risk Premia in Nonrenewable Resource Asset Returns: The Bayesian Approach
    Wing Chan (University of Alberta)
Discussants Jeannine Bailliu (Bank of Canada)
  Christopher Ragan (McGill University)

Sat 15:30 - 17:00 B218
Trade Liberalization
Chair Derek Stovin (University of Saskatchewan)
Presentations The Impact of Trade Liberalization on Labour and Capital Productivity in Canada
    Wulong Gu (Industry Canada)
    Lori Whewell (Industry Canada)
  The Benefits of Trade Liberalization: Import Expansion
    Clea Coronel (Department of Foreign Affairs and International Trade)
  Trade Liberalization, Technology, Relative Factor Supplies and the Relative Wage: Evidence From The South
    Tahir Abdi (Carleton University)
Discussants Robert Lamy (Finance Canada)
  Derek Stovin (University of Saskatchewan)

Sat 15:30 - 17:00 B226
Econometrics II
Chair Christopher Nicol (University of Regina)
Presentations Exact Tests for the Equality of Survival Functions with Censored Data
    Jimmy Royer (Université Laval)
    Jean-Marie Dufour (Université de Montréal)
    Lynda Khalaf (Université Laval)
    Marc Van Audenrode (Université Laval)
  Properties of estimates of daily GARCH parameters based on intra-day observations
    John W. Galbraith (McGill University)
    Victoria Zinde-Walsh (McGill University)
  Stratified Sample Design for Fair Lending Binary Logit Models
    Marsha Courchane (Freddie Mac)
    Judith Giles (University of Victoria)
Discussants Jean-François Lamarche (Queen's University)
  Christopher Nicol (University of Regina)

Sat 15:30 - 17:00 B313
Economic Theory (8)
Chair Tan Wang (University of British Columbia)
Presentations Long-term Information, Short-lived Derivative Securities
    Dan Bernhardt (University of Illinois (UIUC))
    Ryan Davies (Queen's University)
    John Spicer (Europe Economics)
  An Equilibrium Explanation of Large Allocative Errors in Investment Markets
    Paul Beaudry (University of British Columbia)
    Francisco Gonzalez (University of British Columbia)

Sat 15:30 - 17:00 B320
CABE: The Post-Merger Canadian Airline Industry-Blue Skies or Turbulance Ahead?
Chair John Hoicka (Ont. Ministry of Finance)
Panelists Gwill Allen (Competition Policy Bureau)
  John Helliwell (University of British Columbia)
  Dale Orr (WEFA Canada)
  William Stanbury (University of British Columbia)

Sat 15:30 - 17:00 B322
HRDC: Poverty and Exclusion
Chair Jean-Pierre Voyer (Director-General of the Applied Research Branch of HRDC)
Presentations Labour Force Participation and Welfare Participation among Lone Mothers
    Martin Dooley (McMaster University)
    Ross Finnie (Statistics Canada and Queen's University)
  Earnings Capacity Poverty
    Stephane Gascon (Applied Research Branch, Human Resources Development Canada)
  The Growing Threat of Exclusion in Canada
    Michael Hatfield (Applied Research Branch, Human Resources Development Canada)
  Concentrations of Poverty and Distressed Neighbourhoods in Canada: An Update Using the 1996 Census
    Michael Hatfield (Applied Research Branch, Human Resources Development Canada)
Discussants Marie Drolet (Statistics Canada)

Sat 18:00 - 19:30 FWTH
Presidential Address
Speaker Lars Osberg (Dalhousie University)
  Poverty in Canada and the U.S.: Measurement, Trends and Implications

Sat 19:30 - 21:30 UC
Faculty of Arts Reception

Sunday, June 4, 2000

Sun 08:30 - 10:00 A100
Macro Models
Chair Michael Arnold (University of Delaware)
Presentations Learning by Doing and the Behaviour of Job Creation and Distribution
    Francisco Gonzalez (University of British Columbia)
    Alok Johri (McMaster University)
  Work-Sharing: An Efficiency-Wage Analysis
    William Scarth (McMaster University)
    Thomas Moutos (Athens University)
  Policy as a Process of Search: The Role of Social Preferences and Informational Externalities
    Matthew Doyle (University of British Columbia)
Discussants Michael Arnold (University of Delaware)
  Merwan Engineer (University of Victoria)

Sun 08:30 - 10:00 A102
Chair Seamus Hogan (Health Canada)
Presentations An Assessment of Health Care User Charges
    Jing Xu (Health Canada)
  The Productivity of Outpatient Treatment for Substance Abuse
    Mingshan Lu (University of Calgary)
    Thomas G. McGuire (Boston University)
  Real Productivity Measurement in a Pharmaceutical Sub-Market
    Steven G Morgan (University of British Columbia)
  Relationship between Cost-Benefit Analysis and Cost-Effectiveness based on the QALY concept in health care
    Ake Blomqvist (University of Western Ontario)
Discussants Gillian Currie (University of Calgary)
  Seamus Hogan (Health Canada)
  Milan Jayasinghe (Health Canada / University of Ottawa)

Sun 08:30 - 10:00 A104
Trade Agreements
Chair Omar Zakhilwal (Carleton University)
Presentations The Revival of Regional Trade Arrangements: Implications for Indian Trade Policy
    Madanmohan Ghosh (University of Western Ontario)
  Discriminatory Bloc Formation in Pacific Asia: Assessing the Prospects Using a Gavity Model of Merchandise Trade Flows.
    Saud Choudhry (Trent University)
    Aznan Abu-Baker (Singapore Airlines)
  Regional Trade Agreements, Country Risk and Foreign Direct Investment in Latin America
    Eugene Beaulieu (University of Calgary)
    Annette Hester (University of Calgary)
Discussants Yingfeng Xu (University of Alberta)
  Omar Zakhilwal (Carleton University)

Sun 08:30 - 10:00 A106
Labour: Social Assistance
Presentations The Impact of Education on Gender Differentials in the Duration of Welfare Spells
    Martin Dooley (McMaster University)
    Jennifer Stewart (National University of Ireland, Galway)
  Immigrant Assimilation and Welfare Participation: Do Immigrants Assimilate Into or Out-of-Welfare?
    Jorgen Hansen (IZA - Institute for the Study of Labor)
    Magnus Lofstrom (IZA - Institute for the Study of Labor)
Discussants Craig Dougherty (Citizenship & Immigration)
  William Warburton (B.C. Government)

Sun 08:30 - 10:00 A202
Chair Henry Thille (University of Winnipeg)
Presentations A Real Options Approach to the Valuation of a Forestry Investment
    Margaret Forsyth (Wilfrid Laurier University)
  Income subsidies and incentives to overfish
    Erik Poole (Simon Fraser University)
  The Role of the Fisherian Harvest Age in a Single Cohort Model
    Stephan Schott (McMaster University)
Discussants Diane Dupont (Brock University)
  Henry Thille (University of Winnipeg)

Sun 08:30 - 10:00 A203
Structure of Debt
Chair Frank Atkins (University of Calgary)
Presentations Debt Renegotiation, Managerial Compensation, and the Optimal Composition of Private and Public Debt
    Pinaki Bose (University of Memphis)
    Sanjay Banerji (McGill University)
  Capital Structure and Long Term, Implicit, Financial Relationships
    Karine Gobert (Concordia University)
  Group Lending, Direct Monitoring and Borrower Default: An Empirical Assessment.
    Eric Santor (University of Toronto)
Discussants Frank Atkins (University of Calgary)
  Christopher Ragan (McGill University)

Sun 08:30 - 10:00 A204
Trade and Shocks
Chair Ayoub Yousefi (University of Waterloo)
Presentations Learning and Exporting in Colombian Manufacturing
    Alberto Isgut (Wesleyan University)
  Import Dependence and External Shocks
    Talan Iscan (Dalhousie University)
    Benjamin Dennis (University of the Pacific)
  The determinants of recent cross-border merger and acquisition activity in Canada
    Aaron Sydor (Industry Canada)
Discussants Michael Bowe (UMIST)
  John Cranfield (University of Manitoba)

Sun 08:30 - 10:00 A205
Aggregate Economics
Chair Jean-François Fillion (Department of Finance)
Presentations Tax Policy and Stability in a Model With Sector Specific Externalities
    Jang Ting Guo (University of California-Riverside)
    Sharon Harrison (Columbia University)
  A Dynamic General Equilibrium Analysis of Migration, Capital Formation and Economic Growth: The Case of Canada
    Stuart J. Wilson (Queen's University)
  Understanding Personal Saving and Wealth Accumulation
    Xiaoyi Yan (Statistics Canada)
Discussants Jean-François Fillion (Department of Finance)
  James Morley (Washington University)

Sun 08:30 - 10:00 B212
Business Cycles
Chair David Andolfatto (University of Waterloo)
Presentations Linear approximation methods and international real business cycles with incomplete markets
    Marc-Andre Letendre (McMaster University)
  Shirking, Unemployment and the Business Cycle
    Michelle Alexopoulos (University of Toronto)
  Business Cycle Forecast as a Driving Force of Business Cycles
    Toshiya Ishikawa (Kyushu Kyoritsu University)
Discussants David Andolfatto (University of Waterloo)
  Ardeshir Sepehri (University of Manitoba)

Sun 08:30 - 10:00 B218
Labour: Wage and Benefit Dynamics Within Firms
Presentations Dynamic of wages and Intrafirm Mobility: Evidence from Germany
    Stephanie Lluis (University of Montreal, CRDE and CIRANO)
  Employer Learning and the Returns to Schooling
    John P. Haisken-Denew (German Institute for Economic Research)
Discussants Susan Johnson (McMaster University)
  Danny Leung (University of Western Ontario)

Sun 08:30 - 10:00 B226
CWEN: Annual General Meeting

Sun 08:30 - 10:00 B228
Random Utility and CV
Chair Kusum Mundra (University of California, Riverside)
Presentations Yea-Saying in Discrete Response CV
    Timothy Beatty (University of California at Berkeley)
    Michael Hanemann (Dept. of Ag. & Resource Economics, UCB)
  Random Utility, Nonlinear Income, and the Role of the Time Budget
    Sabina Shaikh (University of British Columbia)
  Modelling Intervention in Situations of Conflict
    Dane Rowlands (Carleton University)
    David Carment (Carleton University)
Discussants Kusum Mundra (University of California, Riverside)

Sun 08:30 - 10:00 B313
Economic Theory (9)
Chair Yoram Halevy (University of British Columbia)
Presentations Choosing Risky Investments with Optimal Credit Contracts
    William Schworm (University of Sydney)
    Guofu Tan (University of British Columbia)
  Collective Choice and Control Rights In Firms
    Gregory Dow (Simon Fraser University)
    Gilbert L. Skillman (Wesleyan University)

Sun 08:30 - 10:00 B320
Income Distribution
Chair Kuan Xu (Dalhousie University)
Presentations The Age Distribution and Provincial Government Spending in Canada: 1966-2026
    Ian Rongve (University of Regina)
  Classical Horizontal Inequity and Reranking : an Integrated Approach
    Vincent Jalbert (Department of Finance Canada)
    Jean-Yves Duclos (Université Laval)
  A paradox of progressivity
    Bob Howard (Alberta Treasury)
Discussants Kam Yu (University of British Columbia)
  Kuan Xu (Dalhousie University)

Sun 08:30 - 10:00 B322
Rational Expectations and Inflation
Chair Nicholas Rowe (Carleton University)
Presentations Testing Monetary Neutrality and Rational Expectations for Canada: seasonally unadjusted versus adjusted data
    Jagdish Handa (McGill University)
    Seungjin Han
  The Effect of Inflation Targeting on the Behaviour of Expected Inflation:
    David Johnson (Wilfrid Laurier University)
  Maroeconomic Stabilisation: Fixed Exchange Rates vs Inflation Targeting vs Price Level Targeting
    Nicholas Rowe (Carleton University)
    Vivek H. Dehejia (Carleton University)
Discussants Jean Farès (Bank of Canada)
  Lynda Khalaf (Université Laval)

Sun 10:00 - 10:30 BUCH

Sun 10:30 - 12:00 A100
Incomplete Markets
Chair Hugh Neary (University of British Columbia)
Presentations How Well Do Options Approximate Complete Markets?
    Mark Cassano (University of Calgary)
  Consumption Insurance with Heterogenous Preferences. Can Sharecropping Help Complete Markets?
    Pierre Dubois (INRA ESR Toulouse and UC Berkeley)
  The Value of Land when markets are Incomplete: The Case of China in Transition
    Dwayne Benjamin (University of Toronto)
    Loren Brandt (University of Toronto)
Discussants Hugh Neary (University of British Columbia)
  Shasi Nandeibam (University of Birmingham)

Sun 10:30 - 12:00 A102
Labour: Wage, Earnings and Income Inequality
Presentations The Contribution of Labour Markets, Demographics and Public Transfers to Inequality: A Decomposition Analysis for Canada,1986-96
    Marcelin Joanis (Finance Canada)
    Edgard Rodriguez (Finance Canada)
  Determinants of Wage Inequality in Canada in the 1980s and 1990s
    James Townsend (University of British Columbia)
Discussants John P. Haisken-Denew (German Institute for Economic Research)
  Christopher Worswick (Carleton University)

Sun 10:30 - 12:00 A104
Financial Markets
Chair Mark Kamstra (Simon Fraser University)
Presentations Predictable Components of NYSE Industry Stock Returns
    Lei Zhang (University of Calgary)
    Lasheng Yuan (University of Calgary)
  Seasonal Affective Disorder (SAD), the January Effect, and the Stock Market
    Lisa Kramer (Simon Fraser University)
    Mark Kamstra (Simon Fraser University)
    Maurice Levi (University of British Columbia)
  Dividends, Earnings and Fundamental Valuation
    Mark Kamstra (Simon Fraser University)
Discussants Marc-Andre Letendre (McMaster University)
  Geoffrey Poitras (Simon Fraser University)

Sun 10:30 - 12:00 A106
State of the Art Lecture: K. Hendricks
Chair Ken Binmore (University College London)
Speaker Kenneth Hendricks (University of British Columbia)
  Empirical Methods in Auctions

Sun 10:30 - 12:00 A202
Child Care and Labour Supply
Chair Diane Dupont (Brock University)
Presentations The Child Care Expense Deduction: Vertical and Horizontal Equity Issues
    Lynda Gagne (University of British Columbia)
  Costs and Wages Matter in Taiwan: A Study in the Labor Supply of Young Mothers
    Li-ping M. Chen (Shih Chien University)
  Labour market behaviour and contraceptive practice
    Padma Rao Sahib (University of Groningen - Population Research Centre)
Discussants Ake Blomqvist (University of Western Ontario)
  Diane Dupont (Brock University)

Sun 10:30 - 12:00 A203
Chair David Johnson (Wilfrid Laurier University)
Presentations Web Based Animation Techniques in Teaching Economic History
    Donald G. Paterson (University of British Columbia)
  Animation Graphics In The Classroom
    Michael Parkin (University of Western Ontario)
  Using a Web site to Deliver First-Year Macroeconomics
    David Johnson (Wilfrid Laurier University)

Sun 10:30 - 12:00 A204
Empirical Macro
Chair Eric Santor (University of Toronto)
Presentations Constructing NEO: A Near-Term Employment Outlook
    Edda Claus (Department of Finance)
  Monitoring regional economies in Canada with high frequency coincident index
    Robert Lamy (Finance Canada)
    Patrick Sabourin (Bank of Canada)
  A Strategy for Selecting Lag Order in Small Samples
    Stephen Murchison (Department of Finance, Canada)
Discussants Karine Gobert (Concordia University)
  Eric Santor (University of Toronto)

Sun 10:30 - 12:00 A205
Productivity and Growth
Chair Van Lantz (Simon Fraser University)
Presentations Time-to-Plan Investment: Insights from the Frequency Domain
    Robert John Vigfusson (Northwestern University)
    Lawrence Christiano (Northwestern University)
  Determinants of Foreign Direct Investment in Canada and the United States
    Walid Hejazi (University of Toronto at Scarborough)
    A. Edward Safarian (University of Toronto)
  Educational Quality and Labor Market Earnings in Pakistan
    Ather Akbari (Saint Mary's University)
    Naeem Muhammed (Lahore University of Management Sciences)
Discussants Bernard Beaudreau (Université Laval)
  Van Lantz (Simon Fraser University)

Sun 10:30 - 12:00 B212
Intellectual Capital
Chair Zhigang Tong (Queen's University)
Presentations Determinants of Innovative Activity in Canadian Manufacturing Firms: The Role of Intellectual Property Rights
    David Sabourin (Statistics Canada)
    John Baldwin (Statistics Canada)
    Petr Hanel (Université de Sherbrooke)
  Innovation and Economic Performance in Canadian Industries
    Wulong Gu (Industry Canada)
    Gary Sawchuk (Industry Canada)
    Lori Whewell (Industry Canada)
  Report on the Copyright Industry in Canada -- Rapport sur les Industries basées sur le droit d'auteur au Canada
    Sandra Charles (Industry Canada)
Discussants Cui Zhai (Queen's University)
  Zhigang Tong (Queen's University)

Sun 10:30 - 12:00 B216
Labour: WRNET Education Session II
Presentations The Impact of an Extra Year of Schooling: Evidence from Newfoundland
    Arthur Sweetman (Queen's University)
  Literacy and Earnings Outcomes
    W. Craig Riddell (University of British Columbia)
    David Green (University of British Columbia)
Discussants David Green (University of British Columbia)
  Mike Shannon (Lakehead University)

Sun 10:30 - 12:00 B218
Empirical Tests
Chair Gabriel Rodriguez (University of Ottawa)
Presentations Coauthorship and the Output of Academic Economists
    Aidan Hollis (University of Calgary)
  An econometric evaluation of the firing of a coach on team performance.
    Ruud Koning (Rijksuniversiteit Groningen)
Discussants Martin Charron (Finance Canada)
  Gabriel Rodriguez (University of Ottawa)

Sun 10:30 - 12:00 B226
Chair George Georgopoulos (University of Toronto)
Presentations An Empirical Search for a Canadian Credit Channel
    Joe Italiano (Department of Finance)
  The Quality of Bank Regulation and Its Macroeconomic Effects: A Quantitative Analysis
    Bilin Neyapti (Bilkent University)
    Nergiz Dincer (Bilkent University)
  The Origins of Canada's Debt Build-Up
    Ron Kneebone (University of Calgary)
    John Leach (McMaster University)
Discussants Patrick Georges (Department of Finance-Canada)
  George Georgopoulos (University of Toronto)

Sun 10:30 - 12:00 B313
Economic Theory (10)
Chair Joanne Roberts (University of Toronto)
Presentations From Foraging to Agriculture
    Gordon Myers (Simon Fraser University)
    Nicolas Marceau (Université du Québec à Montréal)
  Rule-of-Thumb Versus Rational Play in Finitely Repeated Games
    Archishman Chakraborty (Baruch College, CUNY)
    Parikshit Ghosh (University of British Columbia)
  Tax Evasion and Trust
    Robin Boadway (Queen's University)
    Nicolas Marceau (Université du Québec à Montréal)
    Steeve Mongrain (Simon Fraser University)

Sun 10:30 - 12:00 B320
Grants, Transfers, and Public Enterprises
Chair Sylvain Dessy (Université Laval)
Presentations Regulating Global Climate Change with Bayesian Learning on Damages
    Jiangfeng Zhang (University of California, Berkeley)
    Larry Karp (University of California-Berkeley)
  Competition between Public Enterprises
    Michel Roland (Université Laval)
    Jean-Thomas Bernard (Université Laval)
  The Effects of Grants and Grant Structure on Provincial Health and Education Spending
    Tracy Snoddon (Wilfrid Laurier University)
Discussants Sylvain Dessy (Université Laval)
  Diana H. Tsai (Stanford University)

Sun 10:30 - 12:00 B322
Mergers and Differentiation
Chair Someshwar Rao (Industry Canada)
Presentations Horizontal Mergers in Differentiated Product Markets
    Mingtao Chen (University of Ottawa)
  Product Differentiation,Segmentation & Competition
    Michael E. Burns (University of South Australia)
  Selective Promotion of Industries under Imperfect Information
    Amy Jocelyn Glass (Ohio State University)
Discussants Corinne Langinier (Concordia University)
  Someshwar Rao (Industry Canada)

Sun 11:30 - 13:30 UCGR
CJE Editorial Luncheon

Sun 11:30 - 13:30 UCMR
CPP Editorial Luncheon

Sun 13:30 - 15:00 A106
CEA: Annual General Meeting

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