Stanford Institute for Theoretical Economics

Summer 2007 Workshop

Call for Papers



Application Procedure


The Stanford Institute for Theoretical Economics (SITE) is organizing a eight-session conference on economic theory and applications. There is a limited budget to help with travel costs. Though many of the presentations will be by invited speakers, we also welcome relevant submissions by anybody else with valuable contributions to the themes listed below. Junior economists (defined as first or second year full-time faculty at educational institutions in the United States or Canada ) will be given some priority, but there should be openings for more senior faculty as well.

To apply, please send an email with your paper attached as a PDF file (along with the title of the session that you want to join) to Rafal Klopotowski:

The deadline for applications is March 2, 2007. We expect to make selections by March 30th.




Sessions Descriptions



Innovations in Data Collection and their Relation to Theory

June 25 - 27

This segment is organized by Aprajit Mahajan and Giacomo De Giorgi of the Department of Economics at Stanford University; Adeline Delavande of Universidade Nova de Lisboa and RAND Corporation, and Alessandro Tarozzi of Duke University. This SITE workshop seeks to bring together researchers collecting innovative types of data, typically in a developing country context, and researchers working on methodology and theory more generally. The aim is to examine the links between these new methods of data collection and economic theory.



Economic Analysis of High-Frequency Data and the Impact of Economic News

June 29 - 30

This segment is organized by Peter Reinhard Hansen of the Department of Economics at Stanford University and Tim Bollerslev of the Department of Economics at Duke University. The workshop focuses on econometric theory and empirical issues related to high frequency data. We encourage submissions that address the link of high frequency based quantities to economic fundamentals and economic news. Topics such as estimation and forecasting with high frequency data are also welcome.



Dynamic Investment and Financing.

July 9 - 11

This segment is organized by Ilya Strebulaev, Jeff Zwiebel and Peter DeMarzo of the Graduate School of Business at Stanford University, and Michael Fishman of Duke University. The purpose of this SITE workshop is to bring together researchers studying the joint determination of dynamic investment and financial policies. Research questions include how optimal investment policy changes today if financing frictions may prevent firms from investing at the first-best level in the future, how firms adjust their financial structure today in the presence of future investment opportunities, and whether financial structure may play a first-order role in investment decisions when dynamic considerations are taken into account. We would also welcome papers investigating dynamic issues on related topics on financial contracting and corporate cash policy in both a theoretical and empirical context



Theory-Based Micro-Econometric Modeling.

July 16 - July 18

This segment is organized by Frank Wolak of the Department of Economics at Stanford University, and Quang Vuong and Isabelle Perrigne, Pennsylvania State University. This session will bring together scholars undertaking theory-based empirical research in all fields of microeconomics - Labor Economics, Industrial Organization (IO), Public Finance, Environmental Economics and Urban Economics. Recent advances in econometric techniques and increases in computational power have many it possible to estimate econometrically extremely rich models of economic behavior. Although the economic questions addressed by these modeling exercises can be quite different, the econometric procedures and economic theory modeling frameworks employed share many common features. Consequently, the goal of this session is bring together a diverse group of researchers from all fields of empirical microeconomics to share the latest methodological and empirical results obtained by applying these empirical methodologies with other fields in empirical microeconomics.



Organization of Firms.

August 1 - 3

This segment is organized by Nick Bloom of the Department of Economics and John Roberts of the Graduate School of Business at Stanford University, and Robert Gibbons of MIT. We will focus on work looking at the organization of firms for example issues such as the distribution of decision making authority within firms, the hierarchical structure of firms, information flows with firms, management systems, ownership structure of firms or any other organizational facet. We welcome both theoretical work (ideally with empirical predictions) and empirical work (ideally with a theoretical handle), with the aim to have an approximately equal balance of papers in the session.



Family Behavior and the Aggregate Economy.

August 6 - 8

This segment is organized by Michele Tertilt of the Department of Economics at Stanford University; Jeremy Greenwood, University of Pennsylvania and Larry Jones from University of Minnesota . This session will focus on the role that families, and modeling households in more detail than what is standard in macroeconomics, play in determining aggregate outcomes. This includes, but is not limited to, issues related to fertility, marriage and divorce, female labor supply, home production, health, human capital investment, household formation, and retirement. We especially invite submissions that analyze the role of families and households in economic development.



Heterogeneity and Aggregation in Macro.

August 9 - August 11

The segment will be organized by Pete Klenow, Nick Bloom, Doireann Fitzgerald of the Department of Economics at Stanford University, and Russell Cooper from University of Texas at Austin. We would like to invite papers analyzing the implications of heterogeneity for macroeconomics. This would ideally combine both a theoretical/methodological contribution with some empirical work. The focus will be on three areas in particular: firm level heterogeneity in terms of productivity, investment, hiring or other activities; international trade heterogeneity across products, countries and firms; and consumption heterogeneity across individuals, goods and periods.