Universities Research Conference
Organized by Wei Xiong and Kenneth J. Singleton
May 15-16, 2015
The Royal Sonesta Hotel

Friday, May 15

1

Commodities as Collateral

Ke Tang, Tsinghua University
Haoxiang Zhu, Massachusetts Institute of Technology and NBER

2

Gold, Platinum, and Expected Stock Returns

Darien Huang, University of Pennsylvania

3

Commodity Financialization: Risk Sharing and Price Discovery in Commodity Futures Markets

Itay Goldstein, University of Pennsylvania and NBER
Liyan Yang, University of Toronto

4

Testing for Market Efficiency with Transactions Costs: An Application to Convergence Bidding in Wholesale Electricity Markets

Akshaya Jha, Carnegie Mellon University and NBER
Frank A. Wolak, Stanford University and NBER

5

Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale

Thomas Covert, University of Chicago and NBER

6

Unspanned Macroeconomic Risks in Oil Futures

Davidson Heath, University of Utah

7

A Decade of Learning: The Role of Beliefs in Oil Futures Markets During the 2000s

Robert Vigfusson, Amazon, Inc.
Sylvain Leduc, Federal Reserve Bank of San Francisco

8

Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution

Erik P. Gilje, University of Pennsylvania
Robert C. Ready, University of Rochester
Nikolai Roussanov, University of Pennsylvania and NBER

	Universities Research Conference Organized by Wei Xiong and Kenneth J. Singleton May 15-16, 2015 The Royal Sonesta Hotel
	Friday, May 15
1	Commodities as Collateral Ke Tang, Tsinghua University Haoxiang Zhu, Massachusetts Institute of Technology and NBER
2	Gold, Platinum, and Expected Stock Returns Darien Huang, University of Pennsylvania
3	Commodity Financialization: Risk Sharing and Price Discovery in Commodity Futures Markets Itay Goldstein, University of Pennsylvania and NBER Liyan Yang, University of Toronto
4	Testing for Market Efficiency with Transactions Costs: An Application to Convergence Bidding in Wholesale Electricity Markets Akshaya Jha, Carnegie Mellon University and NBER Frank A. Wolak, Stanford University and NBER
5	Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale Thomas Covert, University of Chicago and NBER
6	Unspanned Macroeconomic Risks in Oil Futures Davidson Heath, University of Utah
7	A Decade of Learning: The Role of Beliefs in Oil Futures Markets During the 2000s Robert Vigfusson, Amazon, Inc. Sylvain Leduc, Federal Reserve Bank of San Francisco
8	Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution Erik P. Gilje, University of Pennsylvania Robert C. Ready, University of Rochester Nikolai Roussanov, University of Pennsylvania and NBER