Medical Tourism - Professors Who Took a Lead in the First 24 Months

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1 C.A.S.E. Newsletter Nr. 2 June 2014 C.A.S.E. - Center for Applied Statistics and Economics Tel: +49(0) Humboldt-Universität zu Berlin Fax: +49(0) Wirtschaftswissenschaftliche Fakultät Mail: case@wiwi.hu-berlin.de Spandauerstr.1 URL: Berlin

2 PREVIOUS EVENTS 10 June 2014 Professor Joel L. Horowitz Awarding the Honorary Doctorate On 10 June, Professor Joel Horowitz from Northwestern University, Illinois, USA, was awarded an Honorary Doctorate by the Humboldt- Universität zu Berlin. The nomination of Joel Horowitz for an Honorary Doctorate was driven by the excellent quality of his publications and the interdisciplinary nature of his internationally recognised scientific philosophy and research. His dual disciplines as a physicist and an econometrician make him a highly qualified scientist with a very broad spectrum of skills. He is highly regarded simultaneously, as an econometrician, statistician, mathematician, and business economist, both in his home country and internationally. This is evident through his first-rate list of publications, which have regularly appeared in high-ranking internationally recognised journals. Joel Horowitz s strong connection to our alma mater dates back to 1992 when he helped to prepare the proposal for SFB 373 Quantifikation und Simulation Ökonomischer Prozesse. He is a regular visitor and actively participates in many projects and events at our university, among others holding lectures at conferences and more recently, contributing to the 200th anniversary celebration of Humboldt-Universität zu Berlin. Furthermore, he is the winner of the Alexander von Humboldt Prize for Senior U.S. Scientists and was the first Hermann Otto Hirschfeld lecturer back in Joel Horowitz has served on many government advisory committees and in editorial positions of leading journals in econometrics. The honorary doctorate of the Humboldt-Universität zu Berlin is in recognition of his highly esteemed scientific achievements. The ceremony on the 10 June took place in the Kapelle of the School of Business and Economics of the HU with the official welcome address delivered by the Dean of the Faculty, Professor Ulrich Kamecke. This was followed by an introduction by Professor Wolfgang Härdle, a 2

3 colleague, a yearlong friend of the candidate and the initiator of the nomination. Professor Horowitz gave a presentation entitled What is Econometrics and how is it related to Statistics? He emphasised the differences between these two fields and defined many areas of similarity and overlap that are caused by the inference of data. The process identifying these overlaps was analysed and the possible problems and approaches to deal with them were named. In conclusion the most important areas of overlap were mentioned. They include: semi- and nonparametric estimation, high-dimensional estimation and the bootstrap and other resampling methods. To close the formal part of the event the Dean presented Professor Horowitz with an Honorary Doctorate Diploma which was followed by a reception in the faculty foyer. NEWS Wolfgang Härdle has been appointed onto the programme committee of The Cambridge-INET Institute, Cambridge University. The INET Institute held a conference on Skewness, Heavy Tails, Market Crashes and Dynamics at the Faculty of Economics of Cambridge University from 28 to 29 April 2014 where a contribution from Wolfgang Härdle was presented by one of his PhD students. In May Wolfgang Härdle gave a talk on CEAD Cluster, Estimate, Activate and Decide on Portfolio Decisions and Brain Reactions at the University of Regensburg (5 May) which was followed by a talk entitled TEDRIS - Tail Event Driven Risk Structures at the Stolberg Energy Finance Conference (joint with Duisburg-Essen UNI) on 7 May In a collaboration with the University of Cambridge and the Institute for New Economic Thinking he also gave a talk entitled Copulae and Time Varying Non-Gaussian Dependency Structures at Trinity College, Cambridge, from 28 to 29 May In addition to that Wolfgang Härdle and Brenda Lopez-Cabrera have successfully applied for the Humboldt-Princeton Strategic Partnership Grant to the Committee constituted by the International Strategy Office (Humboldt-Universität zu Berlin) and the Council for International Teaching and Research (Princeton University). Henceforth additional funding support will be available to them for future projects. 3

4 Michael Burda participated in the Panel Germany, a Grand Coalition and Europe at the Euromoney Germany Conference on 9 April 2014 in Berlin. He followed this up with a talk on Payroll Taxes, Social Insurance and Business Cycles at the CESifo Area Conference on Public Sector Economics on 24 April 2014 in Munich. Furthermore, he attended the Scottish Economic Society Annual Conference from 27 to 30 April 2014 in Perth and held the SES President s Lecture entitled Scenarios for Europe in Ten Years: The Good, the Bad and the Ugly. In May (3 rd ) Michael Burda held a lecture on Research Questions and Research Methods in Modern Economics at the Friedrich-Ebert-Foundation in Berlin, followed on the 8 th by a presentation on Germany s Success in its Competitiveness, on the Labour Market and the Role of Wage Formation to a group of 14 Finnish economists in Berlin. Finally, He gave a talk on Payroll Taxes, Social Insurance and Business Cycles at the Search and Matching Annual Conference 2014 in Edinburgh from 9 to 10 May 2014 and the same presentation in the Hamburg Research Seminar on 3 June 2014 at Helmut-Schmidt-Universität. On 17 May 2014 he participated in the workshop Policy Advice in Germany: A Portrait at the Otto-von-Guericke- Universität, Magdeburg and on 21 May he presented The Good, the Bad and the Ugly lecture to students of the Hertie School of Governance in Berlin. In June he was a panel member on the IAB/Deutsche Bundesbank conference European Labour Markets and the Economic Crisis (12 and 13 June) in Eltville (am Rhein). Later that month Michael Burda participated in the Barcelona GSE Summer Forum Macro and Micro Perspectives on Taxation from 19 to 20 June and gave the talk Payroll Taxes, Social Insurance and Business Cycles once again. From 22 to 24 June 2014 he attended the International Symposium on Recent Developments in Econometric Theory with Applications in Honour of Jerry A. Hausman at The Wang Yanan Institute for Studies in Economics, Xiamen University, China, where he gave a talk on Unionization, Stochastic Dominance and the Compression of the Wage Distribution. Richard Stehle gave a talk on Fama/French Factors for Germany and Australia: Which Set is Best? on 8 May 2014 at the Melbourne Business School in Melbourne, Australia. On 6 June 2014, he gave a presentation on The CAPM is Alive and Well at the Scuola Normale Superiore in Pisa. Furthermore, Richard Stehle attended the Annual Meeting of the European Financial Management Association in Rome from 25 to 28 June 2014, where he again gave his talk on Fama/French Factors for Germany: Which Set Is Best? on 25 June 2014 and was chair of the session Portfolio Management I on 26 June At this meeting he led the discussion Are Household Investors Noise Traders? Evidence from Belief Dispersion and Stock Trading Volume by Dan Li (Federal Reserve Board) und Geng Li (Federal Reserve Board) on 27 June Lutz Hildebrandt spent a one week research stay at the Hebrew University in Israel from 22 to 28 February 2014, where he gave a talk on the Determinants of the Negative Attraction Effect. From 11 to 14 June 2014 Lutz Hildebrandt participated in the INFORMs Marketing Science Conference and presented a Paper on Investigating the Negative Attraction Effect: An Information-Processing Approach. The paper was co-authored by Nicole Wiebach and is a result of the marketing institutes research activities in DFG, Collaborative Research Centre 646. Michele Gazzola attended the 3rd LINEE+ Conference: Linguistic and cultural diversity in space and time at the Inter-University Centre (IUC) in Dubrovnik from 27 to 30 April 2014, where he gave a presentation on Language planning and linguistic justice: An empirical analysis of the EU s language policy. In May 2014, he was a guest instructor on the course Language and Politics at the Faculty of Language Sciences and Foreign Literature at the Università Cattolica del Sacro Cuore in Milan, where he later gave a talk on Il multilinguismo nell Unione europea e le politiche linguistiche at the Osservatorio di terminologia e politiche linguistiche on 7 May From 19 to 20 June 2014 he attended the Interdisciplinary Workshop Economy and Language and gave a presentation on Language policy, efficiency and redistribution: Towards effective policies together with François Grin and François Vaillancourt at the University of Chicago Center in Paris. 4

5 Bengt-Arne Wickström was awarded Herder-Professor status (a full-time professorship) at the Andrássy-University in Budapest on 1 April 2014 and was given a directors role in one of the subprojects of MIME (Mobility and inclusion in a multilingual Europe, mime-project.org) at the School of Cultural, Social, and Educational Sciences of Humboldt-Universität zu Berlin. Furthermore, Bengt- Arne Wickström attended the following conferences: The opening conference of the MIME project on 1 April 2014 in Geneva, Switzerland. The 36th International LAUD Symposium Endangerment of Languages across the Planet: The Dynamics of Linguistic Diversity and Globalization from 2 to 3 April 2014 at Universität Koblenz-Landau, where he gave a presentation on Language rights and language policy: An economics approach. The annual meeting of the European Public Choice Society from 4 to 6 April 2014 at the University of Cambridge, where he participated as a discussant. The lecture Language Dynamics on 27 May at the Austrian Academy of Sciences in Vienna. Participation at the annual meeting of Nationalökonomische Gesellschaft (NÖG) from 30 to 31 May 2014 at Wirtschaftsuniversität Wien. Participation at the annual meeting of the Finanzwissenschaftlicher Ausschuß des Vereins für Socialpolitik from 11 to 14 June 2014 at Universität Bremen. The interdisciplinary workshop Economy and Language from 18 to 20 June 2014 at the University of Chicago Center in Paris, where he gave a presentation on Long-run survival of multilingualism in the face of globalization. Martin Odening is a member of the newly founded Faculty of Life Sciences at Humboldt Universität zu Berlin; this took effect from 1 April On 8 and 9 April 2014 he participated at the DFG CRC 649 Energy Finance Seminar in Stolberg (Harz) and gave a presentation entitled Is there a term structure in land rental prices? Furthermore, he participated at the talk on Agricultural land prices in the New Federal States - Recent developments and determinants at the annual meeting of the LBV (Landwirtschaftlicher Buchführungsverband) in Güstrow; northern Germany. Thorsten Dickhaus attended the International Workshop Advances in Optimization and Statistics at the Kharkevich Institute of the Russian Academy of Sciences in Moscow on 15 and 16 April 2014 and gave a talk on Simultaneous Bayesian Analysis of Contingency Tables in Genetic Association Studies. Silke Hüttel was appointed as University Professor of Agricultural Economics on 30 June 2014 at Agrar- und Umweltwissenschaftliche Fakultät, Universität Rostock, she remains a member of CASE. Daniel Klapper visited the AxCon 2014 ( Die Analyx-Konferenz. Mehr Marketing-ROI mit Predictive Analytics ) in Berlin on 7 and 8 May. He chaired a session and gave a speech on Analytische Ableitung des Marktpotentials neuer Fahrzeugmodelle mit Hilfe von Aggregate Logit-Modellen am Beispiel des BMW 3er GT. DISCUSSION PAPERS Discussion Papers can be found at: Osipenko, M., Shen, Z., Odening, M. (2014). Is there a demand for multi-year crop insurance? Härdle, W., Pham, T. H., Chao S.-K. (2014). Credit Risk Calibration based on CDS Spreads. 5

6 Härdle, W., Chao, S.-K., Proksch, K., Dette, H. (2014). Confidence Corridors for Multivariate Generalized Quantile Regression. Härdle, W., Nasekin, S., Lee, D. K. C., Phoon, K. F. (2014). TEDAS - Tail Event Driven Asset Allocation. López-Cabrera, B., Schulz, F. (2014). Forecasting Generalized Quantiles of Electricity Demand: A Functional Data Approach. PUBLICATIONS Karaman Örsal, D. and Droge, B. (2014). Panel Cointegration Testing in the Presence of a Time Trend. Computational Statistics and Data Analysis 76, DOI: /j.csda Wickström, B.-A. (2014). Indigenes, immigration, and integration: A welfare-economics approach to minority rights. A handbook of alternative theories of public economics. Editors: Francesco Forte, Ram Mudambi und Pietro Maria Navarra. Cheltenham: Edward Elgar (2014) Ritter, M., Mußhoff, O., Odening, M. (2014): Minimizing Geographical Basis Risk of Weather Derivatives Using A Multi-Site Rainfall Model. Computational Economics 44(1): Odening, M., Shen, Z. (2014): Challenges of Insuring Weather Risk in Agriculture. Agricultural Finance Review 74(2): Please note that the CASE Newsletter is also published on the CASE homepage. The C.A.S.E. - Newsletter appears every three months. The deadline for the 3 rd Newsletter of 2014 is 2 September