The 24th Conference on Research on Economic Theory and Econometrics
Conference on Research on Economic Theory and Econometrics
CRETE is an annual conference covering various areas of economic theory and econometrics. The program includes lectures in selected areas by senior invited faculty, as well as paper presentations by advanced PhD students and more junior faculty. The first meeting took place in 2002 and the series has since been successfully continued each summer for the past 23 years.
The 24th Conference on Research on Economic Theory and Econometrics will be held at Ios, from Tuesday July 07 through Saturday July 11, 2026.
The program includes talks by Simon Anderson (Univ. of Virginia), Javier Bianchi (Federal Reserve Bank of Minneapolis), Olivier Coibion (Univ. of Texas), Russell Cooper (Liaoning Univ. and EUI), Eugenio Miravete (Univ. of Texas at Austin), Andrea Prat (Columbia), Matthew Rabin (Harvard), Sergio Rebelo (Northwestern Univ., Kellogg School of Management), Hélène Rey (LBS), Patrick Rey (Toulouse School of Economics), Enrico Spolaore (Tufts), and Pedro Teles (Banco de Portugal and Catolica Lisbon SBE) among many other distinguished presenters.
The financial support of our sponsors is gratefully acknowledged, as well as the hospitality of the Municipality of Ios and of the Gaïtis - Simossi Museum. The meeting is organized with the support of the Economics Department of the Athens University of Economics and Business, and of the Foundation for Economic & Industrial Research (IOBE).
Costas Azariadis Washington University, St. Louis
Harris Dellas Univ. of Surrey and Karl Brunner Institute
Yannis Ioannides Tufts University
Emmanuel Petrakis University of Crete
Dimitri Vayanos London School of Economics
Nikos Vettas Αthens University of Economics and Business and
Foundation for Economic & Industrial Research (IOBE)
Click here to download the conference program in pdf format.
12:15 – 13:00 Registration and welcome
13:00 – 15:30
Parallel Session A: Macroeconomics Chair: Vanghelis Vassilatos (AUEB-Econ)
Andreas Kakolyris (Kean Univ.) “Noise traders in a production economy model” [with Christos Giannikos (City Univ. of New York) and Georgios Koimisis (Manhattan Univ.)]
Maria Flevotomou (Bank of Greece) “Fiscal drag in Greece” [with Nikos Ventouris (Bank of Greece)] - [Slides]
Petros Varthalitis (AUEB-Econ) “Global intangible capital and inequality: A two country Heterogenous Agents framework” [with Spyros Lazarakis (Lancaster Univ.)] - [Slides]
Nektarios Aslanidis (Univ. Rovira i Virgili) “Latin America’s experience with the gold standard” - [Slides]
Javier Bianchi (Federal Reserve Bank of Minneapolis) “How small is small? Non-linearities in Heterogeneous Agent Models” [with Greg Kaplan (Univ. of Chicago)] - [Slides]
Parallel Session B: Firms and Finance Chair: Christos Cabolis (IMD)
Seraina Anagnostopoulou (Univ. of Piraeus) “Analysts’ capital expenditure forecasts and bank debt contracting” [with Kristian D. Allee (Univ. of Arkansas) and Kamran Malikov (Univ. of Southampton)] - [Slides]
Fotis Delis (European Commission, Joint Research Center) “Pricing of profit shifting” [with Sotiris Kokas (Univ. of Essex), Luc Laeven (European Commission, Joint Research Center), and Steven Ongena (Univ. of Zurich)] - [Slides]
Ioannis Kalientzidis (Univ. of Strasbourg) “The European Investment Bank and the twin investment challenge: Closing investment and green investment gaps in the Euro Area” [with Corentin Roussel (Univ. of Strasbourg)] - [Slides]
Spyridon Lagaras (Univ. of Illinois Urbana-Champaign) “Entrepreneurship on a safety net: Evidence from the world’s largest cash transfer program” [with Murillo Campello (Univ. of Florida) and Guilherme Junqueira (Univ. of Florida)] - [Slides]
Ioannis Branikas (Univ. of Oregon) “Crowding out effects in local corporate sustainability progress: Estimates from wildfires” [with Gabriel Buchbinder (Univ. of Oregon), Yugang Ding (Guangdong Univ.) and Nan Li (Univ. of Toronto)] - [Slides]
15:30 – 16:00 Break
16:00 – 18:00
Parallel Session A: Industrial Organization Chair: Sofronis Clerides (Univ. of Cyprus)
Fabio Antoniou (AUEB-Econ) “Competition through storage” [with R. Fiocco (Univ. of Bergamo) and S. Piccolo (Univ. of Bergamo)] - [Slides]
Vasileios Nastoulis (AUEB-Econ) “Information aggregation in dynamic markets with strategic risk averse traders” [with Efthymios Athanasiou (AUEB-Econ)] - [Slides]
Nikiforos Zampetakis (Sciences Po Paris) “A weak collusion-proof auction for procurement: Theory and evidence” [with Juan Sebastián Ivars (Univ. of Balearic Islands)] - [Slides]
Panagiotis Avramidis (ALBA) “Sell or work out? The role of bank incentives in NPL resolution” [with Dimitris Malliaropulos (Bank of Greece and Univ. of Piraeus) and Filippos Petroulakis (Bank of Greece)] - [Slides]
Parallel Session B: Econometrics Chair: Ekaterini Kyriazidou (New York Univ., Abu Dhabi)
George Michailidis (UCLA) “High-dimensional matrix autoregressions: A unified framework for structured regularization” [with Yuchen Xu (UCLA), Partha Sarkar (Florida State Univ.) and Kshitij Khare (Univ. of Florida)] - [Slides]
Ioannis Kasparis (Univ. of Cyprus) “Conventional inference in the presence of nonstationary fractional heavy tailed data” - [Slides]
Petros Dellaportas (UCL and AUEB-Statistics) “Gaussian invariant Markov Chain Monte Carlo” [with Angelos Alexopoulos (AUEB-Econ), Siran Liu (UCL) and Michalis Titsias (DeepMind)] - [Slides]
Dimitrios Bakas (Nottingham Trent Univ. and RCEA) “Uncertainty shocks and economic activity: A meta-analysis,” [with Krzysztof Beck (Lazarski Univ.), Karen Jackson (Univ. of Westminster), Georgios Magkonis (Univ. of Portsmouth), and Valeryia Yersh (Lazarski Univ.)] - [Slides]
Parallel Session C: Theory and Applications Chair: Dimitrios Minos (Kings College)
Sotiris Kampanelis (Cardiff Business School) “Violence and ethnic identity” [with Aldo Elizalde (Queen’s Univ. Belfast) and Eduardo Hidalgo (Univ. of Cologne)] - [Slides]
Iacovos Sterghides (Univ. of Cyprus) “When bad news breeds bias: Cross-country evidence from households' inflation expectations” [with Martin Geiger (Univ. of Innsbruck) and Marios Zachariadis (Univ. of Cyprus)] - [Slides]
Ioannis Patios (Univ. of Macedonia) “In times of natural disasters: An empirical study of the impact on LGBTQ+ populations” - [Slides]
Christos Antonios Statheas (Univ. of Cyprus) “Household inattention across the Euro Area” [with Marios Zachariadis (Univ. of Cyprus) and Iacovos Sterghides (Univ. of Cyprus)] - [Slides]
8:45 – 9:15 Registration and welcome
9:15 – 11:20 Macroeconomics Lectures Chair: Loukas Karabarbounis (Univ. of Minnesota)
Olivier Coibion (Univ. of Texas at Austin) “Expectations matter: The new causal macroeconomics of surveys and experiments” - [Slides]
Stavros Panageas (UCLA, Anderson School of Management) “The risk-free rate and the risk-adjusted growth rate” - [Slides]
Pedro Teles (Banco de Portugal and Catolica Lisbon SBE) “Taxes and migration flows: Preferential tax schemes for high-skill immigrants” [with Joao Brogueira de Sousa (Univ. NOVA de Lisboa)] - [Slides]
11:20 – 11:40 Break
11:40 – 13:40
Parallel Session A: Labor Economics Chair: Anna Hardman (Tufts)
Murat Kirdar (Koc Univ.) “Refugee inflows, within-firm reorganization, and productivity in Turkey's dual labor market” [with Okan Akarsu (Bilkent Univ.), Seyit Cilasun (TED Univ.) and Unal Seven (CBRT)] - [Slides]
Dimitris Christelis (Univ. of Glasgow) “The effect of foreign workers on UK firms' productivity” [with Ali Gokhan Karabilgin (Univ. of Glasgow)] - [Slides]
Chrysanthos Dellarocas (Boston Univ. School of Management) “Does AI reduce employer reliance on master’s degrees? Evidence from labor market flows” - [Slides]
Sotiris Georganas (City Univ. of London & IOG) “Young, feeling poor, but aspiring: Risk attitudes across labor, crypto and gambling” [with Aggelos Kiayias (Univ. of Edinburgh), Charoula Pariarou (AUEB-DIEES) and Alina Velias (AUEB-ReSEES and LSE-PBS)] - [Slides]
Parallel Session B: Econometrics and Data Chair: Ekaterini Kyriazidou (New York Univ., Abu Dhabi)
Tassos Magdalinos (Univ. of Southampton) “Asymptotic theory for drifting sequences of parameters in AR(p) models” [with Katerina Petrova (Univ. of Venice)] - [Slides]
Panos Toulis (Univ. of Chicago) “Randomization inference with the estimated propensity score” [with Jiangchuan Du (Univ. of Chicago), Shunzhuang Huang (Univ. of Chicago) and Azeem Shaikh (Univ. of Chicago)] - [Slides]
Miguel Herculano (Univ. of Nottingham) “Probabilistic targeted factor analysis” - [Slides]
Michael Wolf (Univ. of Zurich) “Inference-based performance evaluation using the Sortino ratio” [with Olivier Ledoit (Univ. of Zurich)] - [Slides]
13:40 – 14:30 Break
14:30 – 16:30
Parallel Session A: Microeconomic Theory Chair: Frago Kourandi (Univ. of Athens)
Zoi Terzopoulou (Univ. Lyon-Saint-Etienne) “Anchor-proofness in voting” [with Federico Fioravanti (Jean Monnet Univ.)] - [Slides]
Panagiotis Kyriazis (EUI) “Raising rival’s quality cost: Exclusive input ownership and competition” [with Ozlem Bedre-Defolie (EUI) and Gary Biglaiser (Univ. of North Carolina)] - [Slides]
Efthymios Athanasiou (AUEB-Econ) “On the reach of Roberts’ theorem: A characterization of strategy-proof mechanisms that is independent of domain assumptions” - [Slides]
Nektaria Glynia (Univ. of Cyprus) “Political persuasion under strategic fact-checking” [with Paris Trokkos (Univ. of Cyprus) and Dimitrios Xefteris (Univ. of Cyprus)]] - [Slides]
Parallel Session B: Macroeconomics and Monetary Economics Chair: John Tsoukalas (Hellenic Parliamentary Budget Office and Univ. of Glasgow)
Manthos Delis (Audencia Business School and Univ. of Ioannina) “The poor, the rich, and the credit channel of monetary policy” [with Annalisa Ferrando (ECB), Klaas Mulier (Vlerick Business School), Steven Ongena (Univ. of Zurich)] - [Slides]
Stelios Fountas (Univ. of Macedonia) “Scarring vs Cleansing: A historical perspective” [with Don Bredin (Univ. College Dublin) and George Karras (Univ. of Illinois at Chicago)] - [Slides]
Evangelos Charalambakis (Bank of Greece) “Household inflation expectations: An overview of recent insights for monetary policy” [with Francesco D'Acunto (Georgetown Univ.), Dimitris Georgarakos (ECB), Geoff Kenny (ECB), Justus Meyer (Deutsche Bundesbank) and Michael Weber (Univ. of Chicago)] - [Slides]
Alexandros Vardoulakis (Federal Reserve Board) “A model of leveraged bubbles” [with Nina Biljanovska (IMF), Jordi Galí (Univ. Pompeu Fabra) and Lucyna Górnicka (IMF)] - [Slides]
Parallel Session C: Finance and Investments Chair: Kristis Hasapis (Univ. of Cyprus)
Serafeim Tsoukas (Univ. of Glasgow) “Financing gaps, investment, and monetary policy transmission: Evidence from a new euro-area index” [with Annalisa Ferrando (ECB) and Sara Lamboglia (ECB)] - [Slides]
Marcelo Bianconi (Tufts) “An economics approach to short selling in financial markets” [with Federico Esposito (Fordham Univ.)] - [Slides]
Gelly Mitrodima (LSE) “Bayesian copula models and asymmetric dependence in intraday equity returns” [with G. Livieri (LSE)] - [Slides]
Elia Antoniou (Univ. of Cyprus) “When others invest: Fear of Missing Out and financial market entry” [with Ranim Assi (Univ. of Cyprus)] - [Slides]
9:30 – 12:00
Parallel Session A: Public Economics, Households and AI Chair: Christos Kotsogiannis (Univ. of Exeter)
Dimitris Georgarakos (ECB) “The impact of geopolitical risk on consumer expectations and spending” [with Y. Gorodnichenko (UC Berkeley), G. Kenny (ECB) and O. Coibion (Univ. of Texas at Austin)] - [Slides]
Anastasios Karantounias (Univ. of Surrey) “Optimal taxation in the age of AI uncertainty” [with Pei-Cheng Yu (UNSW Sydney) and Radoslaw Paluszynski (Univ. of Houston)] - [Slides]
Philip Oreopoulos (Univ. of Toronto) “An AI-tutor for learning how to deliver personalized education at scale” - [Slides]
Georgios Panos (Aristotle Univ. of Thessaloniki and Univ. of Glasgow) “Too literate to evade? Financial literacy, tax morale, and informality in Europe” [with Stamatia Ftergioti (Aristotle Univ. of Thessaloniki) and Aristea Vidra (Aristotle Univ. of Thessaloniki)] - [Slides]
Pavlos Petroulas (Bank of Greece) “Consumer price stickiness in the Euro Area during an inflation surge” [with E. Gautier, C. Conflitti, D. Enderle, L. Fadejeva, A. Grimaud, E. Gutierre, V. Jouvanceau, J.-O. Menz, A. Paulus, P. Roldan-Blanco and E. Wieland] - [Slides]
Parallel Session B: Finance, Markets, and Firms Chair: Alexandros Louka (AUEB-Econ and IOBE)
Dimitris Margaritis (Univ. of Auckland) “Industry concentration, corporate governance and stock returns in European banks” [with Maryam Hasannasab (Univ. of Auckland)] - [Slides]
George Skiadopoulos (Queen Mary, Univ. of London and Univ. of Piraeus) “Do rare disasters infect the cross-section of U.S. stock returns? The case of COVID-19” [with Seyed Mojtaba Mousavi (Queen Mary, Univ. of London) and Ilaria Piatti (Queen Mary, Univ. of London)] - [Slides]
Dimitris Petmezas (Durham Univ.) “Billionaire CEOs are different from you and me: Surprise wealth, attention, and firm behavior” [with Michael Guo (Durham Univ.), Nan Hu (Univ. of Glasgow), Raghavendra Rau (Univ. of Cambridge) and Xiaochen Yi (Univ. of Glasgow)] - [Slides]
Ioanna Stylianou (State Univ. of New York) “The role of formal and informal institutions on the innovation performance of foreign subsidiaries in Africa: The role of ambidexterity” [with Elie Chrysostome (Western Univ. Canada) and Fragkiskos Filippaios (Univ. of Essex)] - [Slides]
Angelos Alexopoulos (AUEB-Econ) “Causal inference with spillover effects in observational time-series settings” [with Pantelis Samartsidis (Univ. of Cambridge), Ilias Kostarakos (European Commission, Joint Research Centre) and Petros Varthalitis (AUEB-Econ)] - [Slides]
Parallel Session C: Environmental and Resource Economics Chair: Effrosyni Diamantoudi (Concordia Univ.)
Theodosios Dimopoulos (HEC Lausanne) “Managerial consistency: The value of walking the green talk” [with Evgenii Maiorov (UNIL/HEC Lausanne) and Boris Nikolov (UNIL/HEC Lausanne)] - [Slides]
Eftichios Sartzetakis (Univ. of Macedonia) “International environmental agreements with minimum participation thresholds” [with George Deltas (Univ. of Illinois)] - [Slides]
Andreas Drichoutis (Agricultural Univ. of Athens) “Higher-order risk preferences do not predict climate action” [with Marco A. Palma (Texas A&M Univ.) and Paul Feldman (Texas A&M Univ.)] - [Slides]
Myrto Kasioumi (Budapest Univ. of Technology and Economics) “The environmental Kuznets curve in the 21st century: Future projections under socioeconomic and climate change scenarios” - [Slides]
Nikolaos Charalampidis (Laval University) “Green tax pass-through to retail fuel prices and firm heterogeneity: Evidence from France” [with Justine Guillochon (Laval Univ.)]
12:00 – 12:15 Break
12:15 – 13:50 Lectures on Culture, Organization and Development Chair: Yannis Ioannides (Tufts)
Andrea Prat (Columbia) “Meritocracy across countries” [with Oriana Bandiera (LSE), Ananya Kotia (LSE), Ilse Lindenlaub (Yale Univ.) and Christian Moser (Columbia Univ.)] - [Slides]
Enrico Spolaore (Tufts) “Geopolitics and culture” [with Romain Wacziarg (UCLA and NBER)] - [Slides]
Elias Papaioannou (LBS) “The industrial revolution and forced labor in colonial Africa” [with Julian Marenz (LBS) and Stelios Michalopoulos (Brown)] - [Slides]
13:50 – 14:40 Break
14:40 – 15:40 Emmanuel Drandakis Lecture Chair: Nikos Vettas (AUEB-Econ and IOBE)
Matthew Rabin (Harvard) “Risky living” - [Slides]
15:40 – 15:50 Break
15:50 – 17:20
Parallel Session A: Preferences, Welfare and Social Norms Chair: Vassilis Sarantides (AUEB-Econ)
Dimitrios Xefteris (Univ. of Cyprus) “Welfare theorems for democratic politics” [with Jon X. Eguia (MSU) and Glen Weyl (Microsoft)] - [Slides]
Andros Kourtellos (Univ. of Cyprus) “Social inequality of opportunity” [with Max Propst (Univ. of Cyprus) and Yiguo Sun (Univ. of Guelph)] - [Slides]
Evangelos Dioikitopoulos (AUEB-Econ) “Beyond the facts: Information, persuasion, and belief change” [with Rigissa Megalokonomou (Monash Univ.), Tommaso Sartori (Monash Univ.) and Yves Zenou (Monash Univ.)] - [Slides]
Parallel Session B: Finance and Trade Chair: Marios Zachariadis (Univ. of Cyprus)
Sofia Anyfantaki (ECB) “Releasing bank capital” [with Enrico Sette (ECB)] - [Slides]
Emile Marin (UC Davis) “Looking for risk: Asset pricing bounds and the wealth share” [with JiYong Jung (UC Davis)] - [Slides]
Louiza Bartzoka (Copenhagen Business School) “Subjective expectations and household savings decisions” [with Olga Goldfayn-Frank (Deutsche Bundesbank) and Georgi Kocharkov (Deutsche Bundesbank)] - [Slides]
Parallel Session C: Labor Economics Chair: Argyris Sakalis (Durham Univ.)
Manolis Chatzikonstantinou (Georgetown Univ., Qatar) “Beyond statutes: Implicit employment protection costs and spatial variation in labor mobility” - [Slides]
Maria Iosifidi (Montpellier Business School) “Gender, credit, and the pay gap” [with M. Delis (Audencia Business School), I. Hasan (Fordham Univ.), P. Politsidis (Audencia Business School) and A. Saunders (New York Univ.)] - [Slides]
Aspasia Bizopoulou (VATT Institute for Economic Research) “Pay transparency, wage inequality and collective bargaining” [with Elias Einiö (VATT) and Tuomo Virkola (VATT and Helsinki GSE)] - [Slides]
21:00 CONFERENCE DINNER (tentative)
9:15 – 11:30
Parallel Session A: Markets and Finance Theory Lectures Chair: Georges Siotis (Univ. Carlos III de Madrid)
Simon Anderson (Univ. of Virginia) “Persuasive advertising and welfare” [with Andre de Pama (CY Cergy Paris University)] - [Slides]
Eugenio Miravete (Univ. of Texas at Austin) “The empirical distribution of Marshall's second law of demand” [with Nathan G. Hattersley (Univ. of Texas at Austin)] - [Slides]
Dimitri Vayanos (LSE) “Limits of arbitrage with optimal contracts” [with Peter DeMarzo (Stanford)] - [Slides]
Parallel Session B: Growth Lectures Chair: Theodore Papageorgiou (Boston College)
Russell Cooper (Liaoning Univ. and EUI) “Does financial integration eliminate the diabolic loop?” [with Kalin Nikolov (ECB)] - [Slides]
Stelios Michalopoulos (Brown Univ.) “History curricula around the world - An interim report” - [Slides]
11:30 – 11:45 Break
11:45 – 12:45 Keynote Macroeconomics Lecture Chair: Harris Dellas (Univ. of Surrey and Karl Brunner Institute)
Sergio Rebelo (Northwestern Univ., Kellogg School of Management) “The innovation Engel curve” [with Vasco Carvalho (Univ. of Cambridge) and Nir Jaimovich (UC San Diego)] - [Slides]
12:45 – 13:45 Michael Magdalinos Lecture Chair: Dimitri Vayanos (LSE)
Hélène Rey (LBS) “The ins and outs of Chinese monetary policy” [with Silvia Miranda-Agrippino (Federal Reserve Bank of New York) and Tsveti Nenova (ECB)] - [Slides]
13:45 – 14:45 Break
14:45 – 17:15
Parallel Session A: The Greek Economy and Beyond Chair: Theodora Kosma (Bank of Greece)
Eirini Andriopoulou (Greek Ministry of Finance, Council of Economic Advisors) “Distributional aspects of fiscal consolidation: The case of Greece, 2010–2018” [with Lefteris Tserkezis (Council of Economic Advisors, Ministry of Finance)] - [Slides]
Georgios Gatopoulos (IOBE and ACG) “The role of economic uncertainty in the investment and employment gap in the Greek economy” [with Alexandros Louka (IOBE), Arsenios-Georgios Prelorentzos (IOBE), Evangelia Valavanioti (IOBE) and Nikos Vettas (AUEB-Econ and IOBE)] - [Slides]
Veni Arakelian (Council of Economic Advisors, Hellenic Ministry of Finance) “The white elephant just left the room: A stochastic assessment of OAKA’s post-Olympic financial sustainability” [with Konstantinos Chalioris (Athens Olympic Center)] - [Slides]
Maria Gioka (AUEB-Econ) “Stylized facts of debt-to-GDP over the business cycle” - [Slides]
Stefanos Tyros (Univ. of Innsbruck) “OPEKEPE: The political economy of fraud in EU farm subsidies” - [Slides]
Parallel Session B: Industrial Organization Chair: Nikolas Topaloglou (AUEB-DIEES)
Christos Genakos (Univ. of Cambridge) “Generalized linear competition: From pass-through to policy” [with Germain Gaudin (Univ. of Freiburg), Felix Grey (UK Department for Energy Security and Net Zero) and Robert Ritz (Cambridge and Imperial Business School)] - [Slides]
Emmanuel Petrakis (Univ. of Crete) “Non-equivalence of upstream cartel and upstream merger in vertically realted markets with passive backwards ownership” [with Panagiotis Skartados (Univ. of Crete)] - [Slides]
Christos Constantatos (Univ. of Macedonia) “Market segmentation in a Hotelling model: The role of product substitutability” [with Apostolos-Ioannis Martis (Univ. of Macedonia)] - [Slides]
Ioannis Pinopoulos (AUEB-BA) “Input price discrimination and the stability of downstream passive ownership agreements” [with Konstantinos Charistos (Univ. of Ioannina) and Panagiotis Skartados (Univ. of Crete)] - [Slides]
Konstantinos Theocharopoulos (Univ. of Siegen) “Cooperate or defect? Strategic opposition in the shadow of repression” [with Fabian Mankat (Univ. of Kassel)] - [Slides]
Parallel Session C: Decisions and Information Chair: Martin Dumav (Univ. Carlos III de Madrid)
Biljana Meiske (EUI) “Mating market competition and gender norms” - [Slides]
Georgios Manalis (AUEB-Econ) “Local trade and mutual insurance” - [Slides]
Anastasia Litina (Univ. of Macedonia) “The travelers’ effect: How tourism reshapes local religious beliefs” [with Despina Gavresi (Univ. of Luxembourg), Andreas Sintos (Univ. of Luxembourg) and Skerdilajda Zanaj (Univ. of Luxembourg)] - [Slides]
Rigissa Megalokonomou (Monash Univ., Melbourne) “Conduct and consequences: Behavioral rank and educational outcomes” [with Tommaso Sartori (Monash Univ.)] - [Slides]
Foivos Savva (Univ. of Southampton) “The paradox of strategic altruism” [with M. Lombardi (Univ. of Liverpool) and R. Jain (Univ. of Liverpool)]
9:15 – 11:15
Parallel Session A: Macroeconomics, Green Transition and Taxation Chair: Efthymia Kyriakopoulou (AUEB-Econ)
Rigas Oikonomou (Univ. Catholique de Louvain) “Permanent exemption from payroll taxes: The role of hiring frictions” [with Sam Desiere (Ghent Univ.), Tiziano Toniolo (UC Louvain), Bruno Van der Linden (UC Louvain) and Gert Bijnens (National Bank of Belgium)] - [Slides]
Evi Pappa (Univ. Carlos III de Madrid) “Pricing dynamics under financial stress” [with Edvin Ahlander (Stockholm Univ.) and Mathias Klein (Sveriges Riksbank)] - [Slides]
Evgenia Passari (Université Paris-Dauphine) “Geoeconomics of strategic minerals in the green transition” [with Josh Kirk (Vanderbilt Univ.) and Hélène Rey (LBS)] - [Slides]
Stelios Sakkas (Univ. of Cyprus) “Green fiscal consolidation and the optimal spending-tax mix” [with Konstantinos Mavrigiannakis (Univ. of Cyprus) and Romanos Priftis (ECB)] - [Slides]
Parallel Session B: Labor Economics and Applications Chair: Svetoslav Danchev (IOBE)
Konstantinos Chountas (IOBE) “Peer effects and worker visibility in team production: Evidence from NBA rookies” [with Evangelia Chalioti (Yale), Christos Genakos (Cambridge) and Konstantinos Serfes (Drexel Univ.)] - [Slides]
Ioannis Kospentaris (AUEB-Econ) “The first precarious step: Labor market prospects for new entrants” [with Andri Chassamboulli (Univ. of Cyprus), Ismael Galvez Iniesta (Univ. de les Illes Balears) and Athanasios Geromichalos (UC Davis)] - [Slides]
Efi Adamopoulou (Univ. of Mannheim) “The role of friends in the opioid epidemic” [with Jeremy Greenwood (UPenn), Nezih Guner (CEMFI), and Karen Kopecky (FRB Cleveland)] - [Slides]
Eugenia Vella (AUEB-DIEES) “Immigration in the age of automation” [with Harvey Stafford (Univ. of Sheffield)] - [Slides]
Parallel Session C: Investments and Culture Chair: Aikaterini Karadimitropoulou (Univ. of Pireaus)
Dimitrios Zormpas (Univ. of Macedonia) “Investment under uncertainty and the threat of nationalization” - [Slides]
George Melios (LSE) “Religion, identity and preferences” [with Klein Teeselink (Kings College)] - [Slides]
Alina Velias (AUEB-ReSEES and LSE-PBS) “The effect of environmental disasters on citizens perception and preferences: The cross-cultural comparison” [with Sotiris Georganas (City Univ. of London) and Phoebe Koundouri (AUEB-DIEES)] - [Slides]
Leonidas Ourgantzidis (Univ. of Macedonia) “Social status, information provision and environmental taxes: Regulating green and brown quality tiers” [with Eftichios Sartzetakis (Univ. of Macedonia)] - [Slides]
11:15 – 11:30 Break
11:30 – 12:45 Industrial Organization Lectures Chair: Amedeo Odoni (MIT)
Patrick Rey (Toulouse School of Economics) “Conglomerate mergers and the dynamics of innovation” [with Marie-Laure Allain (École Polytechnique) and Claire Chambolle (INRAE)] - [Slides]
Myrto Kalouptsidi (Harvard) “Transportation bottlenecks and aggregate shocks” [with G. Brancaccio (NYU), Theodore Papageorgiou (Boston College) and Yixin Zhou (Harvard)] - [Slides]
12:45 – 14:45 Break
14:45 – 17:15
Parallel Session A: Public and Labor Economics Chair: Vally Koubi (Univ. of Bern)
Ioannis Laliotis (Univ. of Patras and City Univ. of London) “The costs of exclusions: Refugee camps and local labour markets” [with Efi Adamopoulou (Univ. of Mannheim) and Nicholas Giannakopoulos (Univ. of Patras)] - [Slides]
Yota Deli (Univ. College Dublin) “Reconstructing income distributions” [with Fotis Delis (European Commission, Joint Research Centre), Stamatia Ftergioti (Aristotle Univ. of Thessaloniki) and Theano Kakoulidou (ESRI and Trinity College Dublin)] - [Slides]
Ruzica Savcic (Univ. of Cyprus) “Dynamic identity and dynamic ethnosizing” [with Nicodemo De Vito (Univ. of Salerno), Fausto Galli (Univ. of Salerno), Giuseppe Russo (Univ. of Salerno) and Paolo Solimene (Univ. of Salerno)] - [Slides]
Alexandros Loukas (Aix-Marseille Univ, AMSE) “Wage and unemployment dynamics under incomplete employment contracts” [with Marco Fongoni (Aix-Marseille Univ.)] - [Slides]
Parallel Session B: Firms and Markets Chair: George Georgopoulos (Univ. of Toronto)
Nikos Paltalidis (Leonard de Vinci Business School) “The safe side of shadow banking” [with Kostas Koufopoulos (Univ. of Sussex), Panagiotis Koutroumpis (Univ. of Reading), Anestis Ladas (Univ. of Macedonia) and Lenos Trigeorgis (Durham Univ.)] - [Slides]
Konstantinos Papadopoulos (Aristotle Univ. of Thessaloniki) “Common ownership, innovation and the labor market” [with Luca Deidda (Univ. of Sassari) and Marco Delogu (Univ. of Sassari)] - [Slides]
Yannis Kastis (EIT Oxford) “Organizational practices and technology adoption: Evidence from Jewish immigration and the tailoring industry in England” [with Hillary Vipond (CSH Vienna and LSE)] - [Slides]
Apostolos-Ioannis Martis (Univ. of Macedonia) “Data acquisition, price discrimination and endogenous consumer privacy” [with Christos Constantatos (Univ. of Macedonia)] - [Slides]
Parallel Session C: Applied Microeconomics Chair: Konstantinos Valaskas (AUEB-Econ and IOBE)
Georgios Koimisis (Manhattan College) “Long-horizon EVA and stock returns in U.S. restaurants” [with Panos Mourdoukoutas (Long Island Univ. Post) and Boyang (Brian) Yu (Columbia Univ)] - [Slides]
Anna-Maria Kyritsaki (Univ. of Copenhagen) “No such thing as a free app: The freemium business model in digital apps” - [Slides]
Stylianos Daskalinas (Univ. of Tor Vergata) “Capacity constraints as a source of agency frictions in intermediary markets: The case of real estate” [with Juha Tolvanen (Univ. of Rome Tor Vergata), Walter D'Lima (Florida International Univ.)]
Anastasios Koufakis (Univ. Carlos III de Madrid) “Efficiency and redistributive effects of progressive housing taxation” [with Bohdan Kalinichenko (Univ. Carlos III de Madrid)] - [Slides]
End of the conference

Ios is a Cycladic island in the Aegean Sea, set between Naxos and Santorini (and close to Paros and Sikinos). Its story begins deep in prehistory, with the early Cycladic settlement at Skarkos and other sites that point to the island’s role on the sea routes of the southern Aegean. In antiquity, Ios was also known by other names (including Phiniki and Arsinoe) and passed through the familiar cycles of Aegean history: from classical and Hellenistic prosperity to medieval rule under the Venetians (as part of the Duchy of Naxos), then Ottoman domination, before joining the modern Greek state in 1830.
Ios is closely associated with Homer in local tradition: the island is often presented as his final refuge and burial place, with the “Tomb of Homer” shown near Plakotos in the north. The spiritual heart of the island, however, is found above Chora, at Panagia Gremiotissa—perched at the edge of a cliff and overlooking the sea. Each year, on August 15th, the feast of the Dormition is marked with a procession through Chora and an all-night celebration, while summer cultural life extends to the open-air “Odysseas Elytis” theatre, which hosts events in the warmer months.
Beyond its beaches, Ios is defined by the Cycladic beauty of Chora: whitewashed houses, tight lanes, countless chapels, and the iconic line of windmills on the hillside. The town’s skyline is still watched over by medieval fortifications—linked to the island’s late medieval rulers—while the wider landscape preserves older layers of the past, from the excavated remains at Skarkos to the ruined Venetian castle of Palaiokastro. Today, Ios balances its long-established reputation for summer energy with a quieter, archaeological and architectural richness that rewards exploration well beyond the shoreline.
Ios has no airport. You can reach the island by boat from the port of Piraeus (about 4 to 9 hours 45 minutes, depending on the ferry), from the port of Rafina (roughly 4 to 5+ hours, depending on the route). For those arriving by air, the nearest airports serving the Cyclades include Santorini (JTR), Mykonos (JMK), Paros (PAS), Naxos (JNX) and Syros (JSY); in summer there are direct international flights to Santorini and Mykonos from many European cities, with onward connections to Ios by ferry.
For ferry schedules you may visit Blue Star Ferries, Hellenic Seaways, Fast Ferries, Seajets, or Golden Star Ferries.
For airplane tickets to Mykonos, Santorini or Syros you may visit Aegean Airlines, British Airways, EasyJet, or Alitalia.

The conference will take place at the Gaïtis – Simossi Museum.The Gaïtis – Simossi Museum, dedicated to painter Yannis Gaïtis and sculptor Gabriella Simossi, was created through a partnership between the Municipality of Ios and Loretta Gaïtis, the artists’ sole heir and rights holder. Set on a hilltop overlooking Chora and the port, the 1,600-square-meter complex—designed by Loretta Gaïtis and Jacques Charrat—hosts the permanent collection alongside temporary exhibitions, cultural events and educational programs, aspiring to serve as a contemporary, sustainable and inclusive cultural hub for Ios and the Cyclades. The museum’s layout unfolds across two main buildings marked by Gaïtis’ iconic “anthropakia” figures at the entrance, with the Gaïtis wing presenting works chronologically and the Simossi wing immersing visitors in a luminous, all-white architectural setting for her monumental sculptures; a café, multipurpose spaces and an open-air theatre complete the experience. Officially inaugurated on September 14, 2024, it has already emerged as a new landmark for the island.
For further details please contact the organizing committee at crete2026@aueb.gr.
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