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  • Luo, Rong — Department of Economics
    The Operating System Network Effect and Carriers Dynamic Pricing of Smartphones Job market paper 2014 The Dynamic Demand of Smartphones with 2 Year Contracts 2014 Store Brands and Retail Grocery Competition in Breakfast Cereals 2013 Product Updating with Sequential Sales and One sided Incomplete Information with Yue Liu 2014 Honors and Awards Penn State CSSA Women s Basketball Tournament Champion 2013 Lenovo Cup Graduate Badminton Tournament 3rd Prize Beijing 2009 Model Student of Wuhan University 1 1000 2008 Best Senior Thesis Award in Wuhan University 1 50 Wuhan University 2008 First Prize Scholarship for Outstanding Students Wuhan University 2005 2007 Tengfei CupWomen s Basketball Tournament Champion Wuhan University 2005 2006 Teaching Experience Instructor Intermediate Microeconomics Penn State Summer 2013 Instructor Statistical Foundations for Econometrics Penn State Summer 2012 TA for Environmental Economics and Policy Penn State Fall 2014 TA for Introductory Microeconomics Penn State Spring 2014 TA for International Economics Penn State Spring 2013 Research Experience Research Assistant Prof Mark Roberts Summer 2014 Research Assistant Prof Paul Grieco Summer 2013 Presentations IO Workshop Penn State Spring 2014 The Operating System Network Effect and Carriers Dynamic Pricing of Smartphones Programming Skills Computer MATLAB STATA LATEX Languages Chinese native English fluent References Mark Roberts Chair Department of Economics Penn State University University Park PA 16802 oce 814 863 1535 email mroberts psu edu Paul Grieco Co Chair Department of Economics Penn State University University Park PA 16802 oce 814 867 3310 email plg15 psu edu Peter Newberry Department of Economics Penn State University University Park PA 16802 oce 814 865 4921 email pwn1 psu edu Thesis Abstract 1 The Operating System Network Effect and Carriers Dynamic Pricing of Smartphones Job market paper 2014 Consumers utility from a smartphone increases with its operating system OS network size Due to this OS network eect telecom carriers have dierent pricing strategies for smartphones than manufacturers in a dynamic environment While smartphone manufacturers choose higher prices for larger networks carriers who can internalize competition across OSs have incentives to choose lower prices for larger networks The carriers pricing strategy contributes to growth in the number of smartphone users and OS concentration In this paper I rst analyze a theoretical model to compare the pricing strategies of the carriers and manufacturers Then I design a structural model of consumers demand and the carriers dynamic pricing game for smartphones and empirically study the impact of the OS network eect on the number of smartphone users and OS concentration I estimate the model using product level data from Aug 2011 to July 2013 in the US I deal with the empirical challenges of dynamic prices for multi product carriers high dimension continuous state variables and asymmetric oligopolistic rms in the estimation The results show that the OS network size has a positive and signicant impact on consumer utility I then study two counterfactual cases in which I eliminate the OS network eect and the carriers 2 year contract discounts respectively I nd that without the OS network eect the

    Original URL path: http://www.econ.psu.edu/graduate/job-market-candidates/rong-luo (2015-07-10)
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  • Nozawa, Wataru — Department of Economics
    Macroeconomic Implications of Term Structures of Interest Rates under Stochastic Differential Utility with Non Unitary IES with Hisashi Nakamura and Akihiko Takahashi Asia Pacific Financial Markets 2009 16 3 231 263 Grants Fellowships Graduate Assistantship Penn State 2009 2014 Distinguished TA Award University of Tokyo 2007 Scholarship Japan Student Services Organization 2006 2009 Teaching Experience Instructor Intermediate Macroeconomics Penn State 2014 summer Teaching Assistant Advanced Macroeconomic Theory graduate by Saroj Bhattarai and Ruilin Zhou Penn State Statistical Foundations for Econometrics Introduction to Econometrics undergraduate Penn State Linear Algebra Corporate Finance Security Markets Bond Portfolio Management undergraduate University of Tokyo Research Experience Research Assistant for Neil Wallace 2013 summer Research Assistant in the project of Global Center of Excellence Program The research and training center for new development in mathematics The University of Tokyo 2008 2009 Professional Activities The Meeting of Mathematical Finance Kyushu University Japan January 2009 The Annual Meeting of Nippon Finance Association Aoyama Gakuin University Japan May 2009 Discussant Prospects in Economics Research Conference Penn State November 2011 References Neil Wallace chair Department of Economics Pennsylvania State University Phone 1 814 863 1956 Email neilw psu edu James Jordan Department of Economics Pennsylvania State University Phone 1 814 865 2201 Email jxj13 psu edu Russell Cooper Department of Economics Pennsylvania State University Phone 1 814 863 2158 Email rwc165 psu edu Adrienne Kearney Department of Economics Pennsylvania State University Phone 1 814 865 4260 Email kj5 psu edu Thesis Abstract Reconsideration Proofness with State Variables Job Market Paper Abstract Reconsideration proofness is a solution concept proposed by Kocherlakota 1996 for infinite horizon single player problems in which time inconsistency is important Kocherlakota s 1996 definition has a limitation it is not applicable for environments with state variables The limitation is important because many time inconsistent problems have state

    Original URL path: http://www.econ.psu.edu/graduate/job-market-candidates/wataru-nozawa (2015-07-10)
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  • Shin, Wiroy — Department of Economics
    Secondary Fields Corporate Finance Economics of Discrimination Papers Working Papers Discrimination in Organizations Simultaneous Auctions for Complementary Goods R R Economic Theory Bulletin Grants Fellowships The Crawford Graduate Fellowship in Ethical Inquiry Rock Ethics Institute at The Pennsylvania State University 2014 2015 Graduate Assistantship The Pennsylvania State University 2009 2014 Teaching Experience Teaching Assistant The Pennsylvania State University 2009 2013 Undergraduate Mathematical Economics Intermediate Microeconomics Growth and Development International Economics Health Economics Duke University Summer 2006 MBA Managerial Economics Research Experience Research Assistant for Michael Brandt Fuqua School of Business Duke University Fall 2008 High frequency financial data analysis Ahmed Khwaja Fuqua School of Business Duke University Fall 2006 Panel data analysis in Health Economics Professional Activities Fellow Rock Ethics Institute at The Pennsylvania State University Fall 2014 Spring 2015 Presentations Discrimination as an Agency Problem Fall 2014 Midwest Economic Theory Meeting The University of Kansas 2014 Simultaneous Auctions for Complementary Goods The 25th International Conference on Game Theory Stony Brook University 2014 References Edward Green chair eug2 psu edu 814 865 8493 James Jordan jxj13 psu edu 814 865 2201 Paul Grieco plg15 psu edu 814 867 3310 Teaching Reference Bee Yan Roberts byr psu edu 814 863 1996 Thesis Abstract Simultaneous Auctions for Complementary Goods Job Market Paper This paper studies an environment of simultaneous separate first price auctions for complementary goods Agents observe private values of each good before making bids and the complementarity between goods is explicitly incorporated in their utility For simplicity a model is presented with two first price auctions and two bidders We show that a monotone pure strategy Bayesian Nash Equilibrium exists in the environment Discrimination in Organizations A number of the largest U S firms have been found guilty of labor discrimination despite having policies in place that have been designed

    Original URL path: http://www.econ.psu.edu/graduate/job-market-candidates/wiroy-shin (2015-07-10)
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  • Sultanum, Bruno — Department of Economics
    Macroeconomics Money Banking Papers Job market paper Bank fragility in a model of over the counter inter bank market 2014 Published Papers Optimal Diamond Dybvig mechanism in large economies with aggregate uncertainty Journal of Economic Dynamics Control 40 2014 95 102 Working Papers Preventing bank runs with D Andolfatto E Nosal FRB of St Louis Working Paper No 2014 021A under review in Theoretical Economics 2014 The crisis bailout game with B Salcedo R Zhou 2013 Grants Fellowships The Rosenberg Award The Pennsylvania State University 2014 Teaching Experience Research assistant Department of Economics Penn State 2010 present Professor Ruilin Zhou 2012 2013 Professor Russell Cooper 2013 2014 Instructor with full teaching responsibilities Introduction to econometrics ECON 306 Penn State 2012 Teaching assistant Macroeconomics ECON 503 Professor Russell Cooper Penn State 2013 Languages English fluent Brazilian Portuguese native References Professor Neil Wallace The Pennsylvania State University 612 Kern Graduate Building University Park PA 16802 E mail neilw psu edu 814 863 3805 Professor Russell Cooper The Pennsylvania State University 611 Kern Graduate Building University Park PA 16802 E mail rwc165 psu edu 814 863 2158 Professor Ruilin Zhou The Pennsylvania State University 521 Kern Graduate Building University Park PA 16802 E mail rzhou psu edu 814 863 4775 Ed Nosal Vice President and Senior Financial Advisor Federal Reserve Bank of Chicago 230 S LaSalle St Chicago IL 60604 E mail ed nosal chi frb org 312 322 6070 Conferences Attended Presenting Efficient crises and bailouts 2013 SED Annual Meeting Yonsei University South Korea 2013 Midwest Economic Theory Meetings Michigan State University Presenting Preventing bank runs 2014 SED Annual Meeting University of Toronto Canada 2014 Midwest Macro Meeting University of Missouri Columbia 2014 PSU Cornell Macro Workshop The Pennsylvania State University Presenting Bank fragility in a model of over the counter inter

    Original URL path: http://www.econ.psu.edu/graduate/job-market-candidates/bruno-sultanum (2015-07-10)
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  • Yang, Hoonsik — Department of Economics
    Teaching Experience Pennsylvania State University TA Intermediate Microeconomic Analysis Industrial Organizations Monetary Theory and Policy Mathematical Economics Introduction to Mathematical Economics Graduate Korea University TA Public Economics Microeconomic Theory I Graduate Research Experience Research Assistant Neil Wallace Summer 2013 Presentations Cornell PSU Macro Conference Spring 2014 References Neil Wallace Supervisor neilw psu edu Shouyong Shi sus67 psu edu Ruilin Zhou rzhou psu edu Conferences Attended Cornell PSU Macro Conference Spring 2014 Thesis Abstract A beneficial role of government bonds Job Market Paper This paper studies a role of bonds as an instrument to achieve better allocations I consider risk free government issued nominal bonds with interest financed by money creation As these bonds are intrinsically useless and nominally risk free as currency I ask whether they can play a different role from currency and if so how I present one affirmative answer using a matching model of money where anonymous agents randomly meet in pairs to produce and consume Following the mechanism design approach I study the set of implementable allocations instead of equilibria under a particular bargaining rule The reasons to study the set are twofold First under the notion of the implementability I define there are trading mechanisms that can be chosen by the planner under which people hold both assets without exogenously given advantages on currency as a mean of payment Hence coexistence can be achieved without relying on the advantages of currency over bonds Second this approach allows me to claim that bonds are essential in the sense that some good allocations cannot be achieved without them I compare two identical economies except for the availability of bonds in the sense that people can use both currency and bonds as payments when bonds are available The result indicates that there exists an implementable allocation with both

    Original URL path: http://www.econ.psu.edu/graduate/job-market-candidates/hoon-sik-yang (2015-07-10)
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  • Initial placements of Ph.D. Graduates — Department of Economics
    Li Lecturer Durham University United Kingdom Jiaming Mao Assistant Professor WISE Institute of Economics Xiamen University China Yelena Sheveleva Lecturer Cardiff University United Kingdom Marlon Williams Assistant Professor University of Dayton Dayton OH 2013 Kaustav Das Assistant Professor University of Exeter Minsoo Han Associate Research Fellow Korea Institute for International Economic Policy James Key Assistant Professor University Western Australia Pradeep Kumar Senior Consultant Washington DC Deloitte Financial Advisory Vikram Kumar Economist Compass Lexecon London Paul Nianqing Liu Assistant Professor Shanghai University of Finance and Economics Yanping Liu Post doctoral Researcher University of Mannheim Yao Luo Assistant Professor University of Toronto Felix Tintelnot Assistant Professor University of Chicago Department of Economics first one year Post Doc at Princeton Hongsong Zhang Assistant Professor University of Hong Kong 2012 Pidong Huang Assistant Professor Korea University Yoske Igarashi Assistant Professor University of Exeter UK Mouhao Liao Assistant Professor Wang Yanan Institute for Studies in Economics WISE joint with the School of Economics Xiamen University China Gary Lyn Tenure Track Assistant Professor University of Massachusettes Veronica Frisancho Robles Economics Specialist Interamerican Development Bank Washington DC Lily Samkharadze Postdoc Mannheim University Germany Alonso Alfaro Urena Researcher Banco Central de Costa Rica BCCR Lecturer Univ of Costa Rica Van Anh Vuong Senior Associate KPMG Frankfurt Germany Jun Xiao Lecturer Department of Economics Faculty of Business and Economics the University of Melbourne 2011 Herman Li Assistant Professor University of Nevada Las Vegas Sergey Lychagin Assistant Professor Central European University Hungary Ayse Pehlivan Assistant professor Bilkent University Turkey Yuanyuan Wan Assistant Professor University of Toronto Haiqing Xu Assistant Professor University of Texas at Austin 2010 Gaurab Aryal Assistant Professor Australia National University Ivan Cherkashin Australia National University Sascha Claudius Ernst Young Hamsburg Kerem Cosar Assistant Professor University of Chicago Booth School of Business Alexey Kushnir Assistant Professor Institute for

    Original URL path: http://www.econ.psu.edu/graduate/initial-placements-of-ph-d-graduates (2015-07-10)
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  • Undergraduate Program — Department of Economics
    in either economics major must complete 45 credits of General Education requirements for the major University requirements for the bachelor of arts degree if that degree is chosen and sufficient elective credits to make the total number of credits earned equal to 120 In order to count a course for any part of the requirements for the major a grade of C or better must be earned Courses passed with a grade of D may be counted towards General Education or elective requirements Students must also take one 3 credit Writing Across the Curriculum course and meet the University s Intercultural and International Requirement by completing a GI designated course The Writing and Diversity courses can also be used to satisfy part of General Education major B A college or elective requirements but the credits for the course can only be counted once The economics program does have two entrance to major requirements students must complete ECON 102 and ECON 104 with a grade of C or better prior to declaring the Economics major The ECLBA major requires the student to reach the 12th credit level of proficiency in a single foreign language and also has a set of university wide B A requirements Instead of foreign language the ECLBS major requires specific quantitative skills courses The economics minor requires the student to pass with C or better 18 credits of courses in economics Economics 102 GS 104 GS 302 GS 304 GS and any two 400 level courses in the economics department Upon graduation the student s transcript will state that the economics minor has been completed The diploma received at graduation will not indicate that a minor has been completed To declare the minor use the eLion Minor Declaration application Academic advisers are available in the Economics Department to discuss the details of these programs with you They will also be able to help you evaluate your own skills and preparation for these majors as well as provide you with current information about career prospects for economics majors For further information see the advising schedule at the Economics Department web page under the Undergraduate Program Program Goals and Assessment Mechanisms Program Goals Students who complete an undergraduate major in economics will understand and be able to apply the fundamental concepts of intermediate microeconomic theory and intermediate macroeconomic theory and at least two fields in economics be able to write a paper doing economic analysis that is coherent cogent and grammatically correct Be able to carry out quantitative analyses of economic data Assessment Mechanisms Students are required to take ECON 302 intermediate microeconomic theory and ECON 304 intermediate macroeconomic theory exit surveys of recent graduates which have been in use by the Department for some time will be modified to include questions both on their experiences in these courses and on the students sense of mastery of the relevant material In addition to the prescribed courses for the major Liberal Arts students take six elective courses of 300 and

    Original URL path: http://www.econ.psu.edu/undergraduate/undergraduate-program (2015-07-10)
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  • Advising Schedule — Department of Economics
    of Economics Department of Economics 609 Kern Building The Pennsylvania State University University Park PA 16802 Tel 814 865 1457 Fax 814 863 4775 Email glw1 psu edu Site Navigation University Park Campus Photos Downtown State College State College Area Schools State College Area Communities Housing in State College You are here Home Undergraduate Advising Schedule Advising Schedule Summer 2015 Advising Hours Appointments Change of major paperwork and academic planning advising should be done by appointment only Please visit the appointment scheduling page at https booknow appointment plus com ez4rjmm appointments to find appointment scheduling information and instructions Be sure to include your reason for the appointment including the major you are pursuing Please Bring a current audit to each appointment Drop in Quick Question hours Appointments Only Advisers Lisa Brooks Office 608 Kern Building Email ldb125 psu edu Phone 814 863 0560 Chad Eline Office 302 Kern Building Email cce102 psu edu Phone 814 867 3298 Rachel Northamer Office 123A Keller Building Email rmz122 psu edu Phone 814 867 5694 Nimisha Thakur On Leave Transfer Students Transfer students should visit the Economics Transfer Students site for more information Additional Economics Advising Resources Additional advising information link to http sites

    Original URL path: http://www.econ.psu.edu/undergraduate/advising-schedule (2015-07-10)
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