Spring 2008 Conference in Honor of Wayne J. Shafer

All presentation are in room 210, Illini Union

Friday, May 2, 2008 Coffee: 9:45-10:15 Opening Remarks: 10:15-10:20 F. Giertz and N. Yannelis, University of Illinois Session 1: 10:20-12:20 Chair: W. Shafer, University of Illinois J. Chipman, University of Minnesota: "Multiple Equilibrium under CES Preferences." R.M. Anderson, UC Berkeley: "Equilibrium in Continuous-Time Financial Markets: Endogenously Dynamically Complete Markets" with R. Raimondo. J. Correia-da-Silva, University of Porto, Portugal: "Agreeing to Disagree in a Countable Space of Equiprobable States." Session 2: 14:00-16:00 Chair: L. de Castro, University of Illinois B. Allen, University of Minnesota: "The Spread of Computer Viruses: Probabilistic Propagation of Failures in a Network". C.D. Aliprantis, Purdue University: "A Correspondence-Theoretic Approach to Dynamic Optimization" with G. Camera. W. Barnett, University of Kansas: "Dynamical Properties and Bifurcation Analysis of New Keynesian Models," with E. Duzhak. Session 3: 16:30-18:20 Chair:J. Nachbar, Washington University M. Wooders, University of Warwick, UK and Vanderbilt: "A Strategic Model of Club Formation; Existence and Characterization of Equilibrium" with Marta Faias. Y. Vailakis, University of Exeter, UK: "Collateral, default penalties and almost finite-time solvency." C. Podczek, University of Vienna, Austria: "On the Exact Law of Large Numbers." Special Lecture 21:00-22:00 W. Barnett on the book "Inside the Economist's Mind" with Paul Samuelson. Saturday, May 3, 2008 Session 4: 9:10-10:40 Chair: M. Estevez-Toranzo, Vigo University, Spain F.V. Martins da Rocha, Getulio Vargas Foundation, Brazil: "Default and Punishment when Markets are Complete: Do Expectations Really Matter?" G. Chichilnisky, Columbia University: "New Capitalism: The Global Environment and the Knowledge Revolution." Session 5: 11:10-12:30 Chair: M. Berliant, Washington University W. Kets, Santa Fe Institute and CentER, Tilburg University, Netherlands: "Beliefs in Network Games." C. Shannon, UC Berkeley: "Subjective Beliefs and Ex Ante Trade" with L. Rigotti and T. Strzalecki. Session 6: 14:00-16:00 Chair: F. Page, Indiana University M. Quinzii, UC Davis: "A Co-Moment Criterion for Firms for the Two Canonical Models of Production under Uncertainty." with M. Magill. T. Diasakos, University of Torino: "Efficient Equilibria in Insurance Markets with Adverse Selection." A. Carvajal, University of Warwick, UK: "No-arbitrage, State Prices and Trade in Thin Financial Markets" with M. Weretka. Session 7: 16:30-19:00 Chair: D. Puzzello, University of Illinois C. Herves-Beloso, University of Vigo, and E. Moreno Garcia, University of Salamanca, Spain: "Large Economies and Two-Player Games." M. Florenzano, University of Paris - Pantheon-Sorbonne, France: "An Equilibrium Concept for Public Goods and Externalities: General versus Lindahl Equilibrium." G. Hahn, POSTECH, Korea, and D. Won, Ajou University, Korea: "Constrained Asset Markets." Y. Sun, National University of Singapore: "On the Characterization of Individual Risks and Fubini Extension." Sunday, May 4, 2008 Session 8: 9:10-10:40 Chair: M. Maggil, USC E. Dierker, University of Vienna and IHS, Vienna, Austria: "Dreze Equilibria and Welfare Maxima" with H. Dierker. B. Cornet, University of Paris - Pantheon-Sorbonne, France and U of Kansas: "Existence of Financial Equilibria with Restricted Participation."