RESEARCH
Research and Extension Seminars
| Upcoming Seminars | |
| Is Herding Priced in the Market? An Analysis of Systematic Order Imbalances of Stocks | |
| Speaker: | Y. Peter Chung, Professor, A. Gary Anderson Graduate School of Management, University of California-Riverside |
| Date: | Thursday, May 23 |
| Time: | 4-5:30pm |
| Place: | 404 Plant Science (Whetzel Room) |
| Abstract: | We measure herding of trading activities by regressing order imbalances of individual stocks on market-wide, industry-wide, and market maker-wide order imbalances. Investors appear to demand compensations for herding: One standard deviation increase in the degree of herding in one year is followed by a 0.4% increase in returns in the next, after controlling for standard asset pricing factors and liquidity variables. We also find some evidence that herding is related to measures of tail risk or extreme market events. |
| Agriculture, Development and Environment | |
| Speaker: | David R. Lee, Professor, Charles H. Dyson School of Applied Economics and Management, Cornell University |
| Date: | Wednesday, May 29 |
| Time: | 11:00am-12:15pm |
| Place: | 404 Plant Science (Whetzel Room) |
| Abstract: | In this seminar, Prof. Lee will provide an overview of his past and current research program, which focuses on the interface between agriculture, economic development and the environment, including issues related to food security, technology adoption, sustainable agriculture, environmental services, watershed management, climate change, and agricultural and environmental policy. |
Dyson School Distinguished Seminar Series 
The Dyson School Distinguished Seminar Series provides seven School-wide seminars a year, bringing distinguished academics and practitioners nominated by the faculty to speak on contemporary topics related to the four program areas of the Dyson School: Food and Agricultural Economics, Management, Environmental and Resource Economics, and International and Development Economics. The seminars are targeted toward a graduate-level audience, addressing contemporary research and policy issues.
| Spring 2013 |
| February 15, 2:00–3:30pm, B11 Sage Hall: Robert Ready, University of Rochester "Rising Star Seminar" with Johnson School |
| March 1, 11am-12:30pm, G10 Biotech: Travis Lybbert, UC Davis |
| April 19, 11am-12:30pm, 226 Weill Hall: Andrew Levin, Board of Governors, Federal Reserve |
| May 8, 11am-12:30pm, B32 Warren Hall: Joachim Henkel, Professor, TU Munich School of Management and Harvard Business School |
Related Seminar Series 
Cornell International Institute for Food, Agriculture, and Development (CIIFAD)
Cornell System Dynamics Network (CSDNet)
David R. Atkinson Center for a Sustainable Future
Economics Department Seminar Series
Applied Microeconomics Workshop
2013 Seminars 
| Date | Speaker | Topic |
| 2/15 | Robert Ready Univ. of Rochester |
Oil Prices and the Stock Market |
| 2/18 | Sofia Kotsiri North Carolina State Univ. |
Farmers' Perceptions about Spatial Yield Variability and Precision Technology Adoption |
| 2/20 | Shady Atallah Cornell Univ. |
An Agent-Based Computational Bioeconomic Model of Plant Disease Diffusion and Control: Grapevine Leafroll Disease |
| 2/21 | Deborah Prentice Howard Univ. |
Explanation of Two Topics in the Accounting Vocabulary: Depreciation and Product Margin |
| 2/25 | Anton Bekkerman Montana State Univ. |
A Semi-Parametric Approach to Analyzing Differentiated Agricultural Products |
| 2/26 | Donald May Northeastern Univ. |
Allocating Indirect Costs |
| 3/1 | Travis Lybbert University of California, Davis |
Leveling with Friends: Social Networks and Indian Farmers' Demand for Agricultural Custom Hire Services |
| 3/6 | Thomas Maloney Cornell Univ. |
Prospects for Immigration Reform and the Implications for Agriculture |
| 4/3 | Brad Rickard Cornell Univ. |
University Licensing of Patents for Varietal Innovations in Agriculture |
| 4/19 | Andrew Levin Visiting Scholar, International Monetary Fund |
Labor Force Participation and Monetary Policy in the Wake of the Great Recession |
| 5/1 | Gerald B. White Cornell Univ. |
Development of the Grape and Wine Industry in New York, 1975-2012 |
| 5/8 | Joachim Henkel TU Munich School of Management and Harvard Business School |
Productive Assets or Quality Signals? The Role of Patents and Alliances in Venture-Capital Financing |
| 5/14 | Jura Liaukonyte Cornell Univ. |
Television Advertising Content and Internet Traffic |
| 5/20 | Laura Taylor North Carolina State University |
Randomized Safety Inspections and Risk Exposure on the Job: Quasi-experimental Estimates of the Value of a Statistical Life |
| 5/23 | Y. Peter Chung A. Gary Anderson Graduate School of Management, University of California |
Is Herding Priced in the Market? An Analysis of Systematic Order Imbalances of Stocks |
| 5/29 | David Lee Cornell Univ. |
Agriculture, Development and Environment |
2012 Seminars 
| Date | Speaker | Topic |
| 2/1 | Shady S. Atallah Cornell Univ. |
Economic Impact of Grapevine Leafroll Disease on Vitis vinifera cv. Cabernet franc in Finger Lakes Vineyards of New York |
| 2/17 | Shanta Devarajan World Bank |
Avoiding the Fragility Trap in Africa |
| 2/23 | Charles H. Cuykendall Cornell Univ. |
Federal and New York State Income Tax Updates |
| 3/9 | Christian A. Vossler University of Tennessee |
Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments |
| 3/13 | Jubo Yan Cornell Univ. |
How do People Insure Against Hazard: Public or Private |
| 3/13 | Yu Qin Cornell Univ. |
Counties Left Behind: The Distributional Impact of High-Speed Rail Upgrade in China |
| 3/14 | Brian M. Henehan Cornell Univ. |
The Role of Cooperative Businesses in Transferring Technology |
| 3/14 | Leah Bevis Cornell Univ. |
Decomposing Intergenerational Income Elasticity: The Contribution of Capital Transmission in the Philippines |
| 3/14 | Lin Sun Cornell Univ. |
Distribution Channel Choice of Start-Up Wineries in Cool Climate Regions |
| 3/14 | Yiwei Wang Cornell Univ. |
Production Possibility Frontier of Automobile Attributes and the Trade-Offs in the U.S. Automobile Industry |
| 3/14 | Soumya Gupta Cornell Univ. |
Interactions Between National and International Rice Prices in Select Asian Countries: 2000-2011 |
| 3/15 | Teevrat Garg Cornell Univ. |
Market Prices and Food Aid Local and Regional Procurement: A Multi-Country Analysis |
| 3/15 | Yan Qu Cornell Univ. |
Self-selection and Distribution of Wages |
| 3/30 | Aaron K. Chatterji Duke Univ. |
Do the Costs of Cooperation Drive the Gale of Creative Destruction?: Commercialization Strategies in the Medical Device Industry |
| 4/16 | Aija Leiponen Cornell Univ. |
Innovating Standards Through Informal Industry Consortia: The Case of Wireless Telecommunications |
| 4/20 | Jonathan Zinman Dartmouth College, NBER |
Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual Borrowing Costs |
| 4/25 | Jonathan Dressler Cornell Univ. |
An Estimate of Socioemotional Wealth in the Family Business |
| 5/3 | Peter Cappers Lawrence Berkeley National Laboratory |
The Potential Role of Demand Response in the Management of Variable Generation from Wind and Solar Sources |
| 5/16 | Gerald White Cornell Univ. |
Trends in the Production Costs and Marketing of Vinifera Grapes in the Finger Lakes |
| 6/12 | Hasim Ozudogru Gazi University, Turkey |
An Introduction to the Agricultural Economy and Agricultural Cooperative Structures in Turkey |
| 9/17 | Christopher Timmins Duke Univ. |
Do People Really Come to the Nuisance? Environmental Justice and the Role of Residential Mobility |
| 10/4 | Roberta Severson Cooperative Enterprise Program |
Cooperatives: Democracy and Economy in Action, Celebrating the International Year of the Cooperative |
| 10/5 | Sir Partha Dasgupta St. Johns College, Univ. of Cambridge |
Sustainability and the Measurement of Wealth |
| 10/22 | Yasushi Taira Cornell Univ. |
Effect of World Bank's Traffic Light System on International Financial Flow to Low Income Countries |
| 11/7 | Daniel L. Welch Cornell Univ. |
Ensuring NY FarmLink Can Meeting the Challenge of Farm Asset and Management Transfers |
| 11/16 | Julian Alston University of California, Davis |
Agricultural R&D, Productivity, and Poverty: Recent Global Trends and Emerging Implications |
2011 Seminars 
| Date | Speaker | Topic |
| 1/17 | Koichiro Ito Univ. of California, Berkeley |
Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing |
| 1/19 | Chirantan Chatterjee Carnegie Mellon Univ. |
Regulation and Welfare: Evidence from Paragraph IV Generic Entry in the Pharmaceutical Industry |
| 1/20 | Khin Mar Cho & Donald Tobias Cornell Univ. |
Food Industry Direct Marketing: Electronic Infrastructure New York MarketMaker |
| 1/20 | Shanjun Li Resources for the Future |
Evaluating "Cash-for-Clunkers": Program Effect on Auto Sales, Jobs and the Environment |
| 1/21 | Joel Blit George Washington Univ. |
Learning Remotely: R&D Satellites, Intra-Firm Networks, and Knowledge Sourcing |
| 1/25 | Sharon Poczter Univ. of California, Berkeley |
The Long-Term Effects of a Bank Bailout Program: Evidence from an Emerging Market |
| 2/3 | Martin Kanz Harvard Univ. |
Bank Structure and Entrepreneurial Finance |
| 2/7 | Dhruv N. Sharma Stanford Univ. |
Raising U.S. Residential Insulation Levels: Incentives or Regulation? |
| 3/4 | Maureen Cropper Univ. of Maryland |
Getting Cars off the Road: The Cost-Effectiveness of an Episodic Pollution Control Program |
| 3/10 | Mark Constas Cornell Univ. |
Randomized Field Trials in Applied Settings: The Identification of Causal Mechanisms and the Importance of Productive Counterfactuals |
| 3/11 | Paul Ferraro Georgia State Univ. |
Conservation Without Prices: Evidence from a Large-Scale Field Experiment Testing Norm-Based Strategies |
| 3/16 | Miguel Gomez Cornell Univ. |
Localization of Food Supply Chains: Lessons, Issues and Research Needs |
| 4/1 | James Foster George Washington Univ. |
Counting and Multidimensional Poverty Measurement |
| 4/6 | Todd Schmit Cornell Univ. |
Impact of Canopy Management Practices on Consumer Willingness-to-Pay for Riesling Wines |
| 4/22 | Michael Anderson Univ. of California, Berkeley |
Vehicle Weight, Highway Safety, and Energy Policy |
| 4/27 | Andrew Novakovic Cornell Univ. |
Lessons in Market Analysis and Policy Development from Research on Milk Price Volatility |
| 4/29 | Jonathan Morduch New York Univ. |
Microfinance and Social Investment |
| 5/2 | Dawn Schrader Cornell Univ. |
The Psychological Cost of Privacy |
| 9/8 | Michal Moore Univ. of Calgary |
Competitive Integration of Renewable Energy in Electric Grid Operation |
| 9/16 | Carol Graham Univ. of Maryland |
Does More Money Make You Happier? Why So Much Debate? |
| 9/21 | Thomas Maloney Cornell Univ. |
Hispanic Workers in the Dairy Industry: Addressing Immigration Enforcement and Policy Changes |
| 10/14 | Xi Chen Cornell Univ. |
Identification of Stigma Behavior through Social Networks: Blood Plasma Donation, Peer Effects and Status Seeking |
| 10/21 | Chris Barrett, Ravi Kanbur, Steve Kyle Cornell Univ. |
Dyson Research on Africa |
| 10/26 | Deborah Streeter Cornell Univ. |
Sharing Best Practices Through Digital Stories |
| 11/18 | Alan Krupnick Resources for the Future |
Shale Gas Promises and Challenges |
| 11/22 | Reed Walker Columbia Univ. |
The Transitional Costs of Sectoral Reallocation: Evidence From the Clean Air Act and the Workforce |
| 11/29 | Nicholas J. Sanders Stanford University |
Toxic Assets: How the Housing Market Responds to Environmental Information Shocks |
| 12/2 | John Taber Cornell Univ. |
Mapping Energy Futures: An Integrated Economic, Engineering and Environmental Approach to Electric Power |
| 12/6 | Jill McCluskey Washington State Univ. |
Reputations and Neighbors: Understanding Markets for Wine |
2010 Seminars 
| Date | Speaker | Topic |
| 1/19 | Daniel Egel Univ. of California-Berkeley |
Tribal Diversity, Political Patronage and the Yemeni Decentralization Experiment |
| 1/29 | Michael Roberts North Carolina State Univ. |
Econometric Analysis of the Demand and Supply of Calories |
| 2/1 | Nishith Prakash Dartmouth College |
The Impact of Employment Quotas on the Economic Lives of Disadvantaged Minorities in India |
| 2/4 | Scott Yonker Ohio State Univ. |
Geography and the Market for CEOs |
| 2/9 | Andrew Novakovic Cornell Univ. |
Assessing Price Volatility in Dairy Markets |
| 2/9 | Jan de Leeuw International Livestock Research Institute |
A Review of Options to Reduce Vulnerability in Pastoral Systems |
| 2/11 | Edith Liu Univ. of Pennsylvania |
Diversifying Credit Risk with International Corporate Bonds |
| 2/16 | Sara Holland Univ. of California-Berkeley |
Health Capital, Firm Investment, and Shareholder Value |
| 2/18 | Michael Michaux Univ. of Pennsylvania |
Pass-through, Exposure, and the Currency Composition of Debt |
| 2/19 | Ian Parry Resources for the Future |
Do Energy Efficiency Standards Increase Social Welfare? |
| 2/26 | Scott Rozelle Stanford Univ. |
Nutrition and Education in Rural China: Explaining the Human Capital Gap Between Rural and Urban Students |
| 3/2 | Scott Rozelle Stanford Univ. |
Technology, Markets and Battling Unemployment: Can China Survive and Thrive in the Global Financial Crisis and Beyond? |
| 3/3 | Robert Boynton Cornell Univ. |
Industry-Land Grant University Interface: What’s Changed, What’s Not and So What? A Dairy Perspective |
| 3/12 | James Hansen Columbia Univ. |
The CGIAR Climate Change, Agriculture and Food Security Challenge Program: Adaptation Pathways Based on Managing Current Climate Risk |
| 3/19 | Brent Hueth Univ. of Wisconsin |
The Producer Cooperative as Monitored Credit |
| 3/31 | Chunchi Wu Univ. of Missouri-Columbia |
Price Discovery in the U.S. Treasury Market: Automation versus Intermediation |
| 4/2 | Meredith Fowlie Univ. of California-Berkeley |
Allocating Emissions Permits in Cap-and-Trade Programs: Theory and Evidence |
| 4/7 | Todd Schmit Cornell Univ. |
Assessing Food and Beverage Manufacturing Growth in New York State |
| 4/7 | Hans Walter Chua William Tomek Cornell Univ. |
On the Relationship of Expected Supply and Demand to Future Prices |
| 4/28 | Shinoj Parappurathu | Overview of Biofuel Development in India |
| 4/30 | Hugo De Groote | Pro-Poor Market Segmentation: A Randomized Experiment with Maize Seed Vouchers in Kenya |
| 5/26 |
Catherine McNally, Emi Uchidabb, Arthur
Golda Univ. of Rhode Island |
Sustaining Mangrove Ecosystem Services Through a Protected Area: Can Giving Up Short-Run Gains from Natural Capital Avoid a Long-Run Poverty Trap? |
| 9/15 | Brad Rickard Cornell Univ. |
Using Experimental Economics to Better Understand Consumer Response to Commodity-Specific and Broad-Based Promotion Programs for Fruits and Vegetables |
| 9/22 | Thomas Hertel Purdue Univ. |
Climate Change, Agriculture and Poverty |
| 9/23 | Xiaobo Zhang International Food Policy Research Inst. (IFPRI) |
The Sexual Foundations of Economic Growth: Evidence from China |
| 10/27 | Charles F. Nicholson California Polytechnic State Univ. |
Impacts of Proposed Programs to Mitigate Price Volatility in the US Dairy Industry |
| 11/9 | Abdoul Sam Ohio State Univ. |
Impact of Pension Privatization on Foreign Direct Investment in Latin America |
| 11/10 | Jonah Busch Conservation International |
Climate and Revenue Benefits of Policies to Reduce Emissions from Deforestation in Indonesia |
| 11/11 | Joshua Woodard Texas A&M Univ |
Impacts of Weather and Time Horizon Selection on Crop Insurance Ratemaking: A Conditional Distribution Approach |
| 11/16 | Ashok Mishrad Louisiana State University and LSUAg Center |
Asset Value, Rents, and Policy Benefits: The Distribution of Agricultural Subsidies |
| 11/19 | Ravi Kanbur, Cornell Univ. Nishith Prakash, Cornell Univ. Rod Hawkes, Cornell Univ. Annemie Maertens |
India Symposium |
| 12/1 | Brian Henehan Cornell Univ. |
eXtension: Innovative Online Outreach |
| 12/8 | Maria Tereza Alexandre Univ. of Illinois, Urbana-Champaign |
Cultural Aspects of International Marketing |
| 12/20 | Sudha Narayanan Cornell Univ. |
Contract Farming as Frictional Equilibria: An Empirical Investigation of Select Schemes in Southern India |
2009 Seminars 
| Date | Speaker | Topic |
| 1/23 | Jayson Lusk Oklahoma State Univ. |
Bridging the Gap Between Laboratory Experiments and Naturally Occurring Markets: An Inferred Valuation Method |
| 2/10 | Ankur Pareek Yale School of Mgmt. |
Information Networks: Implications for Mutual Fund Trading Behavior and Stock Returns |
| 2/11 | Todd Schmit Cornell Univ. |
Extension Seminar: Real Option Analysis of Ethanol Plant Development |
| 2/11 | Yan Li Cornell Univ. |
Underconditioning and Overconditioning: Testing the Conditional CAPM and the Conditional Fama-French Three-Factor Model |
| 2/12 | Bo Sun Univ. of Virginia |
Asset Returns with Earnings Management |
| 2/17 | Darwin Choi Yale School of Mgmt. |
Omitted Markets, Idiosyncratic Risk, and the Cross-Section of Stock Returns |
| 2/27 | William Horrace Syracuse Univ. |
The Value of Statistical Life: Pursuing the Deadliest Catch |
| 3/27 | David Levine Univ. of California-Berkeley |
Choose and Use: Preliminary Results on How Behavioral Decision-Making and Experience Affect Households' Preferences for and Use of Safe Water Products |
| 4/8 | NY FarmNet & NY FarmLink Team Cornell Univ. |
Extension Seminar: Putting Non-Production Practices to Work at NY FarmNet |
| 4/10 | Daniel Kaffine Colorado School of Mines |
The Windy Commons? |
| 4/24 | Lucas Davis Univ. of Michigan |
International Trade in Used Durable Goods: The Environmental Consequences of NAFTA |
| 5/6 | Andrew Feltenstein National Science Foundation |
High Growth and Low Consumption in East Asia: How to Improve Welfare While Avoiding Financial Failures |
| 5/15 | James Choi Yale School of Management |
The Effect of Providing Peer Information on Retirement Savings Decisions |
| 6/26 | Chandra Shekhar Kumar Cornell Univ. |
Credit Rationing and the Economics of Informal Lending: Theoretical Results and Econometric Inferences Using the Household Surveys of China and India |
| 9/04 | Roberton C. Williams III Univ. of Maryland |
Distribution, Distortionary Taxation, and the Evaluation of Public Goods |
| 09/17 | Elinor Ostrom Indiana Univ. |
Collective Action and the Commons: What Have We Learned? (University Lecture Co-Sponsored by AEM) |
| 09/18 | Ravi Kanbur, Calum Turvey, & Nancy Chau Cornell University Xiaobo Zhan IFPRI |
China Symposium |
| 10/2 | A. Mushfiq Mobarak Yale Univ. |
Development Effects of Electrification: Evidence from the Geologic Placement of Hydropower Plants in Brazil |
| 10/14 | David Lee Cornell Univ. |
Building Response Strategies to Climate Change in Agricultural Systems in Latin America |
| 10/20 | Brent Gloy Cornell Univ. |
The Potential for Adoption of Anaerobic Digestion on U.S. Dairy Farms |
| 10/21 | David Colman Univ. of Manchester |
Agriculture’s Terms of Trade: Issues and Implications |
| 11/6 | Peter Sandøe Univ. of Copenhagen |
What Economists Can Do For Animal Welfare |
| 11/18 | Brian Henehan Cornell Univ. |
Assessing the Educational Needs of Priority Extension Audiences |
| 11/20 | Betty Daniel Univ. of Albany-SUNY |
Private Sector Risk and Financial Crisis in Emerging Markets |
| 12/16 | Brad Rickard Cornell Univ. |
Distributional Effects of Introducing Wine into Grocery Stores |
