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Law and Economics Program Meeting


Christine Jolls, Organizer


Royal Sonesta Hotel

Room University B and C

40 Edwin H. Land Blvd.

Cambridge, Massachusetts


July 22-23, 2009







 8:00 am

Coffee and Pastries



 8:30 am

ALBERT CHOI, University of Virginia School of Law


Shrink Wraps: Who Should Bear the Cost of Communicating Mass-Market Contract Terms?


(Joint with Yeon-Koo Che, Columbia University)




Discussant:  LOUIS KAPLOW, Harvard Law School and NBER



9:25 am

OLIVER HART, Harvard University and NBER


(Joint with Bengt Holmstrom, MIT and NBER)


A Theory of Firm Scope




Discussant:  AARON EDLIN, UC, Berkeley and NBER



10:20 am




10:35 am

ALAN SCHWARTZ, Yale Law School


(Joint with Joel Watson, UC, San Diego)


Describability and Contract Interpretation




Discussant:  ABRAHAM WICKELGREN, University of Texas Law School



11:30 am




11:45 am

VIRAL V. ACHARYA, Stern School, New York University


(Joint with Ramin Baghai-Wadji, London Business School, and Krishnamurthy Subramanian, Goizueta Business School, Emory University)


Labor Laws and Innovation




Discussant:  RADHA IYENGAR, London School of Economics and NBER



12:40 pm




 1:30 pm

DAVID S. ABRAMS, University of Pennsylvania Law School


Did TRIPS Spur Innovation? An Empirical Analysis of Patent Duration and Incentives to Innovate




Discussant:  DANIEL RUBINFELD, UC, Berkeley and NBER



Corporate Law and Investor Protection (co-organized with Lucian Bebchuk)



 2:25 pm

ALLEN FERRELL, Harvard Law School


(Joint with Martijn Cremers, Yale School of Management)


Thirty Years of Corporate Governance: Determinants & Equity Prices




Discussant:  RANDALL MORCK, School of Business, University of Alberta and NBER



 3:20 pm




 3:35 pm

DALIDA KADYRZHANOVA, Robert H. Smith School of Business, University of Maryland


(Joint with Kose John, Stern School, New York University)


Agency Costs of Idiosyncratic Volatility, Corporate Governance, and Investment




Discussant:  BRUCE CARLIN, Anderson School, UC, Los Angeles, and NBER



 4:30 pm

LI JIN, Harvard Business School


(Joint with Zhonglan Dai, School of Management, University of Texas, Dallas and Weining Zhang, School of Management, University of Texas, Dallas)


Litigation Risk and Executive Compensation




Discussant:  JUSTIN WOLFERS, Wharton School, University of Pennsylvania, and NBER



 5:25 pm




 6:30 pm

Group Dinner, Restaurant Dante, Royal Sonesta Hotel






 8:15 am

Coffee and Pastries



 8:45 am

J.J. PRESCOTT, University of Michigan Law School


KATHRYN SPIER, Harvard Law School and NBER


(Joint with Albert Yoon, University of Toronto Faculty of Law)


Trial and Settlement: A Study of High-Low Agreements




Discussant:  ANDREW DAUGHETY, Vanderbilt University



 9:40 am

RICHARD T. BOYLAN, Rice University


(Joint with Naci Mocan, Louisiana State University and NBER)


Intended and Unintended Consequences of Prison Reform




Discussant:  JONAH ROCKOFF, Columbia Business School and NBER



10:35 am




Special session on judges and lawyers



10:50 am

CLAIRE LIM, Graduate School of Business, Stanford University


Turnover and Accountability of Appointed and Elected Judges




Discussant:  DANIEL KLERMAN, University of Southern California Law School



11:45 am

PAUL OYER, Graduate School of Business, Stanford University, and NBER


(Joint with Scott Schaefer, University of Utah)


The Returns to Attending a Prestigious Law School




Discussant:  HANMING FANG, University of Pennsylvania and NBER



12:40 pm




Special session on consumer protection



 1:30 pm

VIKRANT VIG, London Business School


(Joint with Tomasz Piskorski, Columbia Business School and Amit Seru, Booth School of Business, University of Chicago)


Securitization and Distressed Loan Renegotiation: Evidence from the Subprime Mortgage Crisis




Discussant:  JEREMY TOBACMAN, Wharton School, University of Pennsylvania and NBER



 2:25 pm

ERIC ZITZEWITZ, Dartmouth College


(Joint with Jonathan Zinman, Dartmouth College)


Snowed: Deceptive Advertising by Ski Resorts




Discussant:  KIP VISCUSI, Vanderbilt University and NBER



 3:20 pm




 3:35 pm

MARK HOEKSTRA, University of Pittsburgh


(Joint with Paige Marta Skiba, Vanderbilt University Law School and Scott Hankins, College of Public Health, University of Kentucky)


The Ticket to Easy Street? The Financial Consequences of Winning the Lottery




Discussant:  BETSEY STEVENSON, Wharton School, University of Pennsylvania, and NBER



 4:30 pm

RYAN BUBB, Harvard University


(Joint with Alex Kaufman, Harvard University)


Consumer Biases and Firm Ownership




Discussant:  XAVIER GABAIX, Stern School, New York University, and NBER



 5:25 pm