HURWICZ WORKSHOP
Stefan Banach International Mathematical Center
Warsaw, October 2 – 3, 2009
Aim of the Conference
Leonid Hurwicz (1917–2008), graduate of the Faculty of Law of the University of Warsaw in 1938 and Nobel laureate in Economics (jointly with Erik S. Maskin and Roger Myerson) in 2007 has left lasting marks in many areas of contemporary economic theories by implementing mathematical tools in analyzing economic processes and the functioning of institutional market mechanisms. The mathematical spectrum of his work was exceptionally rich, covering such different areas as optimization theory in linear spaces of infinite dimensions, the qualitative theory of differential equations, theory of games and statistics. The present conference has therefore a twofold aim. Firstly, it will be a forum for commemorating results and the personality of Leonid Hurwicz with strong focus on the interdisciplinarity of his approach to research. Secondly, it will create an institutional platform for meeting of young researchers who by working on the frontier of economics and mathematics follow the example of Hurwicz.
General Program of the Workshop
The conference will last roughly one and a half days. It will start with a special session organized in the premises of the Warsaw School of Economics (SGH) and devoted to the presentation of the personality of Hurwicz and his work. It will consist of three invited lectures devoted to the man and his work, concentrating especially on the impact of Hurwicz's work for the education and research in contemporary economics.
The second day of the Workshop will be held within the premises of the Stefan Banach International Mathematical Center in Warsaw and will consist of presentations of the work of young (doctoral and early post-doctoral level) mathematical economists.
Main Topics
- Applications of game theory in analyzing states of equilibrium of economic systems
- Economic applications of the Calculus of Variation and Optimal Control Theory including the Pontryagin Principle
- Data Mining and related approaches applied to the areas of Marketing Research, Financial Risk Analyses etc.
Conference Venue
Institute of Mathematics of the Polish Academy of Sciences, ul. Śniadeckich 8, 00-956 Warszawa. The sessions will be held in the Warsaw School of Economics (SGH) on Friday, October 2, and in the Stefan Banach International Mathematical Center on Saturday, October 3. Particulars concerning organization of the sessions will be communicated at a later time. We advise participants to consult the map in order to get orientation where to find the Banach Center.
Conditions of Participation and Procedures
The working language of the Workshop is English. There is no conference fee, however participation in the Workshop requires a prior registration using the form provided here. Registration closed on September 28.
Participants wishing to submit a presentation for the Workshop are requested to send abstract (text) and/or paper (in a pdf format) via e-mail to the address. Abstracts of no more than 200 words should contain up to three JEL classification codes. The author's full name, affiliation, address, phone/fax, and e-mail for correspondence should also be included. An entire paper may be submitted, if available, but it must include an abstract which constitutes the basis for the acceptance decision.
Papers presented to the Workshop are eligible for publication in a separate volume of the well-known editorial series Banach Center Publications on the basis of independent reviews.
For participants coming from outside Warsaw there is a limited number of modest lodging in the guestrooms of the Banach Center available. Priority will be given to participants who will submit a presentation.
Please look for the updates about the Workshop provided at the current web page. Current update – September 30.
Program of the Workshop
Friday, October 2 (Warsaw School of Economics, Main Building, Al. Niepodległości 162, Aula B)
| 14.00 – 14.15 | Registration of participants |
| 14.15 – 14.30 | Opening of the Workshop |
| 14.30 – 15.00 | Prof. dr T. Szapiro (WSE): Leo Hurwicz — life, attitude, academic record |
| 15.00 – 15.30 | Prof. dr J. Werner (Univ. of Minnesota): Leo Hurwicz's legacy – The methodology of mechanism design |
| 15.30 – 16.00 | Prof. dr T. Żylicz (UW): Institutions and Economy |
| 16.15 – 17.00 | Panel discussion: Economics — between interdisciplinarity and specialisation |
Saturday, October 3 (Stefan Banach International Mathematical Center, ul. Śniadeckich 8)
| 9.15 – 11.30 | Working sessions |
| Open plenary session | |
| 12.00 – 12.45 | Honorary Memorial L. Hurwicz Lecture: Generalized Convexity and Differentiability — Prof. dr hab. Stefan Rolewicz, IM PAS |
| 12.45 – 13.30 | Prof. dr Claus-Jochen Haake (University of Paderborn): Monotonicity and solution based social choice rules (joint with W. Trockel) |
| 14.15 – 16.45 | Working session |
| 16.45 | Debriefing and closing |
A detailed program of sessions for Saturday, October 3
Morning sessions| Session AI — 9.15 - 12.00 Room 403 |
Game Theory and Aplications Chair: Ł. Stettner |
| Complex Dynamics in a Bertrand Duopoly Game with Heterogeneous Players | Tomasz Dubiel-Teleszyński (SGH) |
| Asymptotic Nash Equilibria in the Resource Extraction Games | Łukasz Balbus (Wrocław Technical University) |
| On Incentive Compatible Designs of Forecasting Contracts | Bogumił Kamiński (SGH) |
| Sampling Through Ultimatum Game | Michał Ramsza (SGH) |
| Session AII — 9.15 - 12.00 Room 405 | Modeling Dynamics in the Real Economy Chair: B. Borkowski |
| Is the Impact Really That High? The Effect of FDI in Transition | Jan Hagemejer (UW, NBP) |
| A Dynamic Approach to the Study of Unemployment Duration | Joanna Landmesser (SGGW) |
| Systemic Valuation of Banks - Interbank Equilibrium and Contagion | Grzegorz Hałaj (Pekao SA) |
Open plenary session
Room 322 III floor| 12.00 - 12.45 | Honorary L. Hurwicz Memorial Lecture Generalized Convexity and Differentiability — Prof. dr hab. Stefan Rolewicz (IM PAN) |
| 12.45 - 13.30 | Monotonicity and Solution Based Social Choice Rules — Prof. Dr. Claus-Jochen Haake (University of Paderborn) (joint with W. Trockel) |
Afternoon sessions
| Session BI — 14.15 - 16.30 Room 403 | DSGE and Beyond Chair: C–J Haake |
| Impact of the Credit Crunch on the Polish Economy | Krzysztof Makarski (SGH, NBP) |
| Interest Rate as Operational Target of Monetary Policy | Eugeniusz Gurazdowski (SGH) |
| On the Effectiveness of Keynesian Policies in General Equilibrium | Maciej Dudek (SGH) |
| On Expectations Formation in the New Keynesian Model | Grzegorz Koloch (SGH) |
| Session BII — 14.15 - 16.30
Room 405 |
Modeling Uncertainty and Beliefs Chair: TBA |
| Buying and Selling Price for Risky Lotteries and Expected Utility Theory Without Consequentialism | Michał Lewandowski (European University Institute) |
| Life Course Risks | Natalia Nehrebecka (WNE UW, NBP) |
| A Simple Example for New Concepts of Equilibria Taking Beliefs onto Account | Agnieszka Wiszniewska-Matyszkiel (Applied Math. and Mech. Institute, UW) |
Patronage and Organization
- Stefan Banach International Mathematical Center at the Institute of Mathematics of the Polish Academy of Sciences
- Warsaw School of Economics (SGH), Collegium of Economic Analyses, Institute of Econometrics, Department of Decision Analysis and Support
- Warsaw University of Life Sciences (SGGW), Faculty of Applied Informatics and Mathematics, Department of Applied Mathematics.
Honorary Committee
- Prof. dr hab. Adam Budnikowski, Rector of WSE (SGH)
- Prof. dr hab. Stanisław Janeczko, Director, Institute of Mathematics of the PAS
- Prof. dr hab. Alojzy Szymański, Rector of WULS (SGGW)
- Prof. dr hab. Stefan Rolewicz, Institute of Mathematics of the PAS
- Prof. dr hab. Bolesław Borkowski, Warsaw University of Life Sciences (SGGW), Faculty of Applied Informatics and Mathematics
- Prof. dr hab. Andrzej Malawski, Cracow University of Economics, Department of Mathematics
- Prof. dr hab Emil Panek, Poznań University of Economics, Faculty of Informatics and Electronic Economy, Department of Mathematical Economics
- Prof. dr hab. Łukasz Stettner, Institute of Mathematics of the PAS
- Prof. dr hab. Tomasz Szapiro, Warsaw School of Economics (SGH), Institute of Econometrics, Department of Decision Analysis and Support
- Prof. dr hab. Aleksander Strasburger, Warsaw University of Life Sciences (SGGW), Department of Applied Mathematics (chair)
- dr Bogumił Kamiński, WSE, Institute of Econometrics
- dr Joanna Landmesser, WULS, Department of Econometrics and Statistics