Highlights from the 3rd Annual CAPCP Conference
The Center for the Study of Auctions, Procurements and Competition Policy (CAPCP) held its third annual conference from April 29 to May 2, 2010. As for the previous two conferences, most theoretical and empirical sessions were devoted to auctions and competition policy issues. Some additional topics on health economics and matching have been introduced this year to cover current issues of interest in the economics profession. The program included fourteen papers presented by Ariel Pakes from Harvard University, Hal White from UC San Diego and Bob Wilson from Stanford University among others. After the Friday dinner at the Hintz Alumni Center, Rob Engle from New York University, Nobel Laureate 2003, gave a lecture on new risk measures for top US financial firms conducted by the Volatility Lab, which is sponsored by CAPCP. On Saturday afternoon, Barry Ickes chaired a round table on energy issues. Compared to the first two conferences, this latest conference had an increased attendance of more than 100 participants at every session including a significant proportion of graduate students of Penn State. The committee is already working on the program of the fourth conference, which will be held at similar dates.