The Sixth Annual Conference of The Paul Woolley Centre for the Study of Capital Market Dysfunctionality was held at the London School of Economics on 6-7 June 2013
The conference comprised of 5 sessions:
- Financial frictions and commodity prices
- Regulation and market equilibrium
- Market anomalies and limited arbitrage
- Compensation and risk taking in the financial sector
- Market design, liquidity and information
Session 1: Financial frictions and commodity prices
A model of financialization of commodities and presentation
Suleyman Basak (London Business School and CEPR)
Anna Pavlova (London Business School and CEPR)
Feedback effects of commodity future prices
Michael Sockin (Princeton University)
Wei Xiong (Princeton University and NBER)
Session 2: Regulation and market equilibrium
Capital regulation and credit fluctuations
Hans Gersbach (ETH Zurich and CEPR)
Jean-Charles Rochet (University of Zurich)
Comparing different regulatory measures to control stock market volatility: a general equilibrium analysis
Adrian Buss (INSEAD)
Bernard Dumas (INSEAD, CEPR and NBER)
Raman Uppal (Edhec Business School and CEPR)
Grigory Vilkov (Gother University Frankfurt)
Session 3: Market anomalies and limited arbitrage
Does academic research destroy stock return predictability?
R. David McLean (University of Alberta and MIT Sloan School of Management)
Jeff Pontiff (Boston College)
Expectations of returns and expected returns and presentation
Robin Greenwood (Harvard Business School)
Andrei Shleifer (Harvard Business School)
Comomentum: inferring arbitrage activity from return correlations
Christopher Polk (LSE)
Dong Lou (LSE)
Session 4: Compensation and risk taking in the financial sector
The (ir)resistible rise of agency rents
Bruno Biais (Toulouse School of Economics)
Augustin Landier (Toulouse School of Economics)
Seeking alpha: excess risk taking and competition for management talent
Viral Acharya (New York University)
Marco Pagano (Universita di Napoli Federico II)
Paolo Volpin (London Business School)
Session 5: Market design, liquidity and information
Competing on speed and presentation
Emiliano Pagnotta (New York University)
Thomas Philippon (New York University)
Trading and information diffusion in over-the-counter markets
Ana Babus (Imperial College London)
Peter Kondor (Central European University
