2010 Meeting of the American Law and Economics Association Summary of All Sessions # Session Title, Date/Time Number of papers, type of session, Location ----------------------------------------------------------------------------------------------------------------------------------------- 1 Antitrust II May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 2 Behavioral Law and Economics Session May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 3 Compliance/Internal controls May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 4 Corporate Bankruptcy May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 5 Crime, Labor, Health 4 May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 6 Dynamics of Judicial Decisionmaking May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 7 Information and Contract Design May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 8 Intellectual Property May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 9 Medical Malpractice May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 10 Mergers and Acquisitions May 7, 2010 2:15-3:45 location: N/A 3 papers invited session 11 Bankruptcy: Empirical Studies of Consumer Bankruptcy May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 12 Crime, Labor, Health 5 May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 13 Int'l Law May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 14 Investment and Contract Design May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 15 Judicial Theory May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 16 Litigation and Case Selection May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 17 Modifying the Written Agreement May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 18 Oganizations, Law, and the Labor Market Session May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 19 Contracts (Sales/remedies) May 7, 2010 4:00-5:30 location: N/A 3 papers invited session 20 Law & Finance (disclosure) May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 21 Analytical Methods May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 22 Contracts (Theory, interpretation of standard terms) May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 23 Corporate Governance: May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 24 Crime, Labor, Health 1 May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 25 Human Capital and Legal Services May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 26 Law, Economics and Inequality May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 27 Legal Markets May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 28 Tax & Regulation May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 29 The Mortgage Crisis May 7, 2010 9:00-10:30 location: N/A 3 papers invited session 30 Law & Finance (Theory) May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 31 Adjudicator Behavior May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 32 Antitrust I May 7, 2010 10:45-12:15 location: N/A 2 papers invited session 33 Contract Breach and Remedies May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 34 Corporate: CEO Compensation May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 35 Crime, Labor, Health 2 May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 36 Discrimination Session May 7, 2010 10:45-12:15 location: N/A 2 papers invited session 37 Environmental Law May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 38 Experimental May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 39 Health and Individual Well-Being May 7, 2010 10:45-12:15 location: N/A 3 papers invited session 40 Appelate Court Panels May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 41 Comparative Law May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 42 Crime, Labor, Health 3 May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 43 DISTRIBUTIVE RULES May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 44 Legal Reasoning and Court Errors May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 45 Torts II May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 46 Wellbeing, Happiness, and Economics Outcomes May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 47 Bargaining, delegation and ex ante efficiency May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 48 Household/Family/Gender May 8, 2010 1:30-3:00 location: N/A 3 papers invited session 49 Civil Rights & Affirmative Action May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 50 Contract and Intellectual Property May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 51 Corporate: Compensation and/or Turnover May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 52 Crime, Labor, Health 6 May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 53 Law & Finance May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 54 Operation of Courts May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 55 Property Right Design May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 56 Regulation & Federalism May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 57 Securities Litigation May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 58 Regulation of Business May 8, 2010 9:00-10:30 location: N/A 3 papers invited session 59 Cost-Benefit Analysis May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 60 Courts & Politics May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 61 Law & Finance (Regulation) May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 62 Litigation and Reputation May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 63 Property & Environmental May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 64 Relational Contracts May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 65 Securities Litigation II May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 66 STANDARD OF PROOF May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 67 Takeovers (& insider trading) May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 68 Torts I May 8, 2010 10:45-12:15 location: N/A 3 papers invited session 68 sessions, 202 papers Complete List of All Sessions Session 1: Antitrust II Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Predatory Pricing Presented by: Aaron Edlin, UC Berkeley Trust, Salience, and Deterrence: Evidence From an Antitrust Experiment Presented by: Sven-Olof Fridolfsson, Research Institute of Industrial Ec. Competition Policy and Financial Distress Presented by: Ezra Friedman, Northwestern University Session 2: Behavioral Law and Economics Session Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Behavioral Antitrust: A New Approach to the Rule of Reason after Leegin JEL codes: D21, D23, K21 Presented by: Avishalom Tor, University of Haifa Monitoring Costs and the Law of Franchise Tying Contracts: A Behavioral Perspective Presented by: Uri Benoliel, Academic Center of Law & Business Pricing Misperception: Explaining Pricing Structure in the Cellular Service Market Presented by: Rebecca Stone, US Court of Appeals for the Seventh Circuit Session 3: Compliance/Internal controls Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 The Value of SOX Internal Control Disclosures in the Market for Corporate Control JEL codes: G3, G34 Presented by: Emanuel Zur, Baruch College Regulatory Monitoring Under the Sarbanes-Oxley Act Presented by: Cindy2 Alexander2, SEC Institutionalizing Self-Regulation: The Effect of Commitment, Threat and Surveillance Presented by: Jodi Short, Georgetown University Law Center Session 4: Corporate Bankruptcy Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Car Trouble Presented by: Douglas Baird, University of Chicagp SALES OR PLANS: A COMPARATIVE ACCOUNT OF THE “NEW” CORPORATE REORGANIZATION Presented by: Stephen Lubben, Seton Hall University School of Law Share Auctions and the Division of Value in Corporate Reorganizations Presented by: Gustav Sigurdsson, The Wharton School, Univ of Pennsylvania Session 5: Crime, Labor, Health 4 Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 The Effects of School Desegregation on Crime JEL codes: I2;J15;J18;K42 Presented by: Jens Ludwig, University of Chicago Intended and Unintended Consequences of Prison Reform Presented by: H. Mocan, LSU Evaluating the Youth Criminal Justice Act With Perpetrator Self-report Data Presented by: Lihui Zhang, University of Regina Session 6: Dynamics of Judicial Decisionmaking Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 The Judicial Business Cycle JEL codes: E02, K34, K41 Presented by: Nancy Staudt, Northwestern University A Theory of Rational Jurisprudence Presented by: Scott Baker, Washington University in St. Louis Tracking Inconsistent Judicial Behavior Presented by: Anthony Niblett, University of Chicgao Session 7: Information and Contract Design Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Product Use Information and the Limits of Voluntary Disclosure Presented by: Oren Bar-Gill, New York University OPTIMAL LIABILITY SHARING AND COURT ERRORS: AN EXPLORATORY ANALYSIS Presented by: Marcel Boyer, University of Montreal Productive Entrepreneurship and Economic Development with Limited Contract Enforcement Presented by: Rasim Uras, Washington Univesrity in St. Louis Session 8: Intellectual Property Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Should Copyright Of Academic Works Be Abolished? JEL codes: K11, O34 Presented by: Steven Shavell, Harvard University Understanding the Doctrine of Patentable Subject Matter Presented by: Jing-Yuan CHIOU, IMT Lucca Choosing the Scope of Trade Secret Law when Secrets Complement Patents Presented by: Elisabetta Ottoz, University of Torino Session 9: Medical Malpractice Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Does Sorry Work? The Impact of Apology Laws on Medical Malpractice JEL codes: K32 Presented by: Elaine Liu, University of Houston Does Proactive Disclosure of Medical Error Prompt or Prevent Medical Malpractice Suits? Presented by: Lorens Helmchen, University of Illinois at Chicago Defensive Medicine and Obstetric Practices Presented by: Michael Frakes, Harvard Law School Session 10: Mergers and Acquisitions Session Organizer: , Session type: invited Date: May 7, 2010 Time: 2:15 - 3:45 Do Shareholders Listen? M&A Advisor Opinions and Shareholder Voting JEL codes: G34, G24, G38 Presented by: Jie Cai, Drexel University The Powerful and Pervasive Effects of Ownership on M&A Presented by: John Coates IV, Agency Costs of Idiosyncratic Volatility, Corporate Governance, and Investment Presented by: Dalida Kadyrzhanova, University of Maryland Session 11: Bankruptcy: Empirical Studies of Consumer Bankruptcy Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 Lawyers Steer Clients toward Lucrative Filings: Evidence from Consumer Bankruptcies JEL codes: K35 Presented by: Frank McIntyre, Brigham Young University Race, Gender and Political Ideology in Personal Bankruptcy Outcomes Presented by: Paige Skiba, Vanderbilt Debt, Financial Distress, and Bankruptcy over the Life Course Presented by: Ronald Mann, Columbia Law School Session 12: Crime, Labor, Health 5 Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 Strict Liability for Medical Injuries? The Impact of Increasing Malpractice Liability on Obstetrician Behavior JEL codes: K13, I18, L11 Presented by: Brian Chen, Stanford University How Do the Elderly Fare in Medical Malpractice Litigation? Evidence from Texas, 1988-2007 Presented by: Bernard Black, University of Texas Tort Liability and the Market for Prescription Drugs Presented by: Eric Helland, CMC/RAND Session 13: Int'l Law Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 International Soft Law JEL codes: K33 Presented by: Andrew Guzman, The Economics of Climate Enforcement Presented by: Anu Bradford, University of Chicago A Liberal Theory of Compliance with International Law Presented by: Joel Trachtman, Session 14: Investment and Contract Design Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 Breach Remedies Inducing Hybrid Investments JEL codes: K12, L22, J41. Presented by: Alexander Stremitzer, Yale University Optimal Contract Design with Unilateral Market Option Presented by: ANTONIO NICITA, University of Siena CLEIS Can Contracts Solve the Hold-Up Problem? Experimental Evidence Presented by: Eva Hoppe, University of Cologne Session 15: Judicial Theory Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 The Business of Judicial Elections JEL codes: K4 Presented by: Joanna Shepherd, Emory University Judicial Review as a Constraint on Tyranny of the Majority Presented by: F. Andrew Hanssen, Colby College Litigation and Legal Evolution: Does Procedure Matter? (Gordon Tullock’s Case Against the Common Law – Revisited) Presented by: Barbara Luppi, University of Modena and Reggio Emilia Session 16: Litigation and Case Selection Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 Trial and Settlement: A Study of High-Low Agreements JEL codes: K0, K41 Presented by: J.J. Prescott, University of Michigan Trial Selection Theory: A Unified Model Presented by: Keith Hylton, The Regressive Effect of Legal Uncertainty Presented by: Uri Weiss, The Hebrew University Session 17: Modifying the Written Agreement Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 EMPTY PROMISES Presented by: Oren Bar-Gill, New York University Does Anyone Read the Fine Print? Testing a Law and Economics Approach to Standard Form Contracts Presented by: Florencia Marotta-Wurgler, NYU Law School Explaining Adversarial Boilerplate Language in the Battle of the Forms: Are Consequential Damages in the U.C.C. Gap Fillers a Penalty Default Rule? Presented by: Ryan Griffee, Pepperdine University Session 18: Oganizations, Law, and the Labor Market Session Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 STRATEGIC BEHAVIOR AND ORGANIZATIONAL STRUCTURE IN RELIGIOUS BODIES: HOW IT IMPACTS ON THE AGE OF LEADERS Presented by: Donald Wittman, University of California, Santa Cruz The Incentives Matrix: The Comparative Effectiveness of Rewards, Liabilities, Duties, and Protections for Reporting Illegality Presented by: orly lobel, university of san diego Great Expecations: Law, Employment Contracts, and Labor Market Performance Presented by: W. MacLeod, Columbia University Session 19: Contracts (Sales/remedies) Session Organizer: , Session type: invited Date: May 7, 2010 Time: 4:00 - 5:30 The Right to Withdraw in Contract Law Presented by: Omri Ben-Shahar, University of Chicago Law School A rationale for the Limitation Period in Sales Law Presented by: Henrik Lando, Copenhagen Business School On and Off Contract Remedies Presented by: Alexander Stremitzer, Yale University Session 20: Law & Finance (disclosure) Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 The Implications of Hedge Fund Activism on the Target Firm’s Existing Bondholders JEL codes: G30, G34 Presented by: Emanuel Zur, Baruch College Shareholder Activism and CEO Pay Presented by: Fabrizio Ferri, Stern School of Business NYU Inefficiencies in the Information Thicket: A Case Study of Derivative Disclosures During the Financial Crisis Presented by: Robert Bartlett III, University of California, Berkeley Session 21: Analytical Methods Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 The Flawed Probabilistic Foundation of Law & Economics Presented by: Alex Stein, Cardozo Law School Academic Scribblers and Defunct Economists: Development Economics and the Law Presented by: Robert Cooter, University of California Beyond Individualism in Law and Economics Presented by: Robert Ahdieh, Emory Law School Session 22: Contracts (Theory, interpretation of standard terms) Session Organizer: , Session Chair: Omri Ben-Shahar, University of Chicago Law School omri@uchicago.edu Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 Bayesian Contractual Interpretation Presented by: Yair Listokin, Yale University Market Conditions and Non-price Terms in Contracts Presented by: Albert Choi, University of Virginia Optimal Remedies for Bilateral Contract Presented by: Barbara Luppi, University of Modena and Reggio Emilia Session 23: Corporate Governance: Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 Regulatory Dualism as a Development Strategy: Corporate Reform in Brazil, the U.S., and the EU Presented by: Henry Hansmann, Yale University Offensive Shareholder Activism in US Public Companies 1900-1949 Presented by: John Armour, University of Oxford What Happens in Nevada? Presented by: Michal Barzuza, Univeristy of Virginia Session 24: Crime, Labor, Health 1 Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 Responses to More Severe Punishment in the Courtroom: Evidence from Truth-in-Sentencing Laws JEL codes: K00, K41, K14 Presented by: Libor Dusek, CERGE-EI Defendant Cooperation and Electronic Surveillance as Substitutes in Criminal Prosecutions Presented by: Thomas Miles, University of Chicago The Effect of Order-Maintenance Policing on Serious and Non-Serious Crime: Evidence from a Quasi-Experiment Presented by: Andrea Chandrasekher, Northwestern University Law School Session 25: Human Capital and Legal Services Session Organizer: , Session Chair: Alon Klement, Interdisciplinary Center Herzliya klement@idc.ac.il Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 Overworking in court: Evidence from young lawyers' hours of work JEL codes: K41, L14, J44 Presented by: Rosa Ferrer, Universitat Pompeu Fabra Not Just Being There: An Economic Analysis of Fact Witness Payment Presented by: Ezra Friedman, Northwestern University Judges, Courts and Economic Development: the Impact of Judicial Human Capital on the Efficiency and Accuracty of the Court System Presented by: Gwendolyn Ball, University of Illinois Session 26: Law, Economics and Inequality Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 What have Calabresi & Melamed got to do with Family Affairs? Women Using Tort Law in Order to Defeat Jewish and Shari’a Law Presented by: Benjamin Shmueli, Sha'arei Mishpat College The Persistence of Skin Color Discrimination for Immigrants Presented by: Joni Hersch, Vanderbilt University Egalitarian Economic Inequality Presented by: Terry O'Reilly, Willamette University Session 27: Legal Markets Session Organizer: , Session Chair: George Triantis, Harvard law school gtriantis@law.harvard.edu Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 The Death of Big Law JEL codes: K10, K22, K41 Presented by: Larry Ribstein, When Would a Lawyer Work for a Fixed Fee? Presented by: Flóra Felsö, University of Amsterdam Law for a Flat World: Legal Infrastructure and the New Economy Presented by: Gillian Hadfield, USC Session 28: Tax & Regulation Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 The Corporate Pyramid Fable JEL codes: D21, G35, N82, Presented by: Steven Bank, UCLA School of Law Certainty and Uncertainty in the Taxation of Risky Returns Presented by: Thomas Brennan, Northwestern University Regulatory Arbitrage Presented by: Victor Fleischer, University of Colorado Session 29: The Mortgage Crisis Session Organizer: , Session type: invited Date: May 7, 2010 Time: 9:00 - 10:30 Regulatory Remedies for Banking Crises: Lessons from Japan JEL codes: G15, G21, G28 Presented by: Suparna Chakraborty, Baruch College, CUNY Did Bankruptcy Reform Cause Mortgage Default to Rise? Presented by: Michelle White, Univ of Calif San Diego Mortgage Default Risk: Recent Evidence from NYC Presented by: Michael Gedal, New York University Session 30: Law & Finance (Theory) Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 A Carrot and Stick approach to Discipline Self -dealing by Controlling Shareholders Presented by: Maria Isabel Saez, Incentives in the Market for Mortgage-Backed Securities Presented by: Bernard Black, University of Texas Credit Default Swaps and The Empty Creditor Problem Presented by: Patrick Bolton, Columbia University Session 31: Adjudicator Behavior Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 How Much Does Law Matter? Theory and Evidence from Single Subject Adjudication Presented by: Michael Gilbert, University of Virginia The Decision to Award Punitive Damages: An Empirical Study Presented by: Theodore Eisenberg, Cornell University Does Deference Promote Principled Dynamic Interpretations of Statutes? Presented by: Mark Humphèry, Columbia University; University of New South Wales Session 32: Antitrust I Session Organizer: , Session Chair: Keith Hylton, knhylton@bu.edu Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 Robust Exclusion Through Loyalty Discounts Presented by: Abraham Wickelgren, University of Texas at Austin Rethinking Antitrust Sanctions Presented by: Joshua Wright, George Mason University Session 33: Contract Breach and Remedies Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 VIEWING UNCONSCIONABILITY THROUGH A MARKET LENS Presented by: Ariel Porat, Tel Aviv University Ex-Ante or Ex-post Expectation Damages? Presented by: Ronen Avraham, University of Texas at Austin A Comparative Analysis of Good Faith Purchase Presented by: Alan Schwartz, Yale University Session 34: Corporate: CEO Compensation Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 Blockholders on Boards and CEO Compensation, Turnover and Firm Valuation JEL codes: G32, G34, J33 Presented by: Anup Agrawal, University of Alabama Aggregate Shareholder Value, Stock Prices, and the Optimal Design of Executive Pay Presented by: Jesse Fried, Harvard Law School To Each According to His Ability? A Cross-Sectional Analysis of the Market for CEO Talent Presented by: Antonio Falato, Federal Reserve Board Session 35: Crime, Labor, Health 2 Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 The Distortionary Effect of Evidence on Primary Behavior Presented by: Alex Stein, Cardozo Law School Complementary use of administrative and criminal fines in enforcing environmental regulations Presented by: Katarina Svatikova, Erasmus University Rotterdam Recidivism and Uncertainty in Deterrence Presented by: Gregory DeAngelo, UC Denver Session 36: Discrimination Session Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 Racial Disparities in Federal Sentencing: A Quantile Regression Approach JEL codes: K14, K40 Presented by: Beth Freeborn, College of William and Mary Does Affirmative Action Create Educational Mismatches in Law School? Presented by: Doug Williams, University of the South Session 37: Environmental Law Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 Discontinuous Behavioral Responses to Recycling Laws and Plastic Water Bottle Deposits JEL codes: K23 K32 Q50 Q58 Presented by: W. Kip Viscusi, Vanderbilt University TAX POLICY ANALYSIS OF CLIMATE CHANGE Presented by: Yoram Margalioth, Tel Aviv University Air Toxics in the Board Room: An Empirical Study of EPA's Hazardous Air Pollutant Rules Presented by: Katherine Barnes, University of Arizona Session 38: Experimental Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 PUNISHMENT DESPITE REASONABLE DOUBT - A PUBLIC GOODS EXPERIMENT WITH UNCERTAINTY OVER CONTRIBUTIONS JEL codes: D03, H41, K14 Presented by: Kristoffel Grechenig, Max Planck Institute for Research on Collective Goods Breach is for Suckers Presented by: Tess Wilkinson-Ryan, University of Pennsylvania Law School Judicial Errors and Crime Deterrence: Theory and Experimental Evidence Presented by: Matteo Rizzolli, University of Milan - Bicocca Session 39: Health and Individual Well-Being Session Organizer: , Session type: invited Date: May 7, 2010 Time: 10:45 - 12:15 Valuing Foreign Lives Presented by: David Dana, Northwestern University Private Regulation Presented by: Ronen Avraham, University of Texas at Austin Internalities and Paternalism: Applying the Compensation Criterion to Multiple Selves across Tim Presented by: Eric Rasmusen, Indiana University Session 40: Appelate Court Panels Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Left, Right, and Center: Strategic Information Acquisition and Diversity in Judicial Panels JEL codes: K4; H1 Presented by: Eric Talley, UC Berkeley WHY (AND WHEN) JUDGES DISSENT: A THEORETICAL AND EMPIRICAL ANALYSIS Presented by: william landes, university of chicago Panel Effects as Social Interactions Presented by: Joshua Fischman, University of Virginia Session 41: Comparative Law Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Plea Bargaining: A Comparative Legal and Economic Analysis Presented by: Yehonatan Givati, Harvard Univeristy Self-Assessment of Takings Compensation: An Empirical Study Presented by: Yun-chien Chang, Academia Sinica Southern "Home Cooking" and the Quality of American State Courts Presented by: Giorgio Zanarone, Colegio Universitario de Estudios Financieros Session 42: Crime, Labor, Health 3 Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Everybody Stay Cool, This Is a Robbery JEL codes: K40, K42, H11 Presented by: Giovanni Mastrobuoni, Collegio Carlo Alberto Casey at the Bat (And in the Field?): An Economic Analysis of Baseball's Designated Hitter Rule Presented by: Steve Calandrillo, University of Washington Cooperation's Cost Presented by: Miriam Baer, Brooklyn Law School Session 43: DISTRIBUTIVE RULES Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Luxury in Ancient Rome: Scope, Timing and Enforcement of Sumptuary Laws JEL codes: D70, K00, N00 Presented by: Giuseppe Dari-Mattiacci, A Difficulty in the Concept of Affirmative Action: Evidence from Females in Legislatures Presented by: Dino Falaschetti, Florida State University The Partisan Consequences of the Voting Rights Act Presented by: Adam Cox, University of Chicago Law School Session 44: Legal Reasoning and Court Errors Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Analogical Legal Reasoning: Theory and Evidence Presented by: Joshua Teitelbaum, Georgetown University Does Private Selection Improve the Accuracy of Arbitrators' Decisions? Presented by: Alon Klement, Interdisciplinary Center Herzliya Why Do Judges Read Statutes? Presented by: Alexander Volokh, Emory Law School Session 45: Torts II Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Endogenous Assets and Liability: Why Softer Standards Are More Efficient JEL codes: K13, K23, L51, Presented by: Fernando Gomez, Universitat Pompeu Fabra Comparative Negligence as a Buffer against Erroneus Standards Presented by: Giuseppe Dari-Mattiacci, Doing their duty: An empirical analysis of the unintended effect of Tarasoff v Regents on homicidal activity Presented by: Griffin Edwards, Emory University Session 46: Wellbeing, Happiness, and Economics Outcomes Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Well-Being Analysis Presented by: Jonathan Masur, University of Chicago Law School Inequality and Subjective Well-Being Presented by: Justin Wolfers, University of Pennsylvania Happiness Studies and Legal Policy Presented by: Peter Huang, Temple University Session 47: Bargaining, delegation and ex ante efficiency Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Prosecutorial Risk Attitudes, Time Constraints and Plea Bargaining Presented by: Serra Boranbay, Princeton University Ex Ante Efficiency and Ex Post Equality Presented by: Chris Wonnell, University of San Diego A Property Rights Approach to Legislative Delegation Presented by: Peter Grajzl, Washington and Lee University Session 48: Household/Family/Gender Session Organizer: , Session type: invited Date: May 8, 2010 Time: 1:30 - 3:00 Diverging family structure and “rational” behavior: The decline in marriage as a disorder of choice JEL codes: J12, J13, J15 Presented by: Amy Wax, E-marriage: Breaking the Marriage Monopoly Presented by: Adam Candeub, MSU Intrahousehold Competition Over Time and Legal Regimes Presented by: Michael Hanlon, University of Washington Session 49: Civil Rights & Affirmative Action Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Let My People Go: Ethnic In-Group Bias in Judicial Decisions – Evidence from a Randomized Natural Experiment JEL codes: K41, K42, J15 Presented by: Oren Gazal, University of Haifa Using Brazil's Racial Continuum to Examine the Short-Term Effects of Affirmative Action in Higher Education Presented by: Andrew Francis, Emory University Affirmative Action Bans and the "Chilling Effect" Presented by: Richard Sander, UCLA Session 50: Contract and Intellectual Property Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Rewarding innovation efficiently: research spill-overs and exclusive IP rights Presented by: Luigi Franzoni, Universita di Bologna CONTRACTUAL COMPLEXITY OF R&D ALLIANCES – A two-dimensional analysis of the determinants of contractual complexity Presented by: John Hagedoorn, University Maastricht Intellectual Property as a Law of Organization Presented by: Jonathan Barnett, Univ. of Southern California Session 51: Corporate: Compensation and/or Turnover Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 CEO Tenure, Performance and Turnover in S&P 500 Companies JEL codes: K22, M12, M51 Presented by: John Coates IV, Why Do Insiders Hedge Their Ownership? An Empirical Examination Presented by: Swaminathan Kalpathy, Southern Methodist University Internal Managerial Promotions: Incentives, CEO Influence and Firm Valuation Presented by: Shawn Mobbs, University of Alabama Session 52: Crime, Labor, Health 6 Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Institutional Requirements for Effective Imposition of Fines JEL codes: K14, K42, D02 Presented by: Anne Piehl, Rutgers University Enforcement Strategies, Compliance Programs, and the Intermediary Gatekeepers Presented by: Sharon Oded, Erasmus University Rotterdam, NL Coordinated Private and Public Enforcement of Law: Deterrence under Qui Tam Presented by: David Kwok, University of California, Berkeley Session 53: Law & Finance Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States JEL codes: G21;G28;K11;R20 Presented by: Andra Ghent, Baruch College Investment in Financial Structured Products from Rational and Behavioral Choice Perspectives Presented by: Moran Ofir, New York University Worthless Warnings? Testing the Effectiveness of Disclaimers in Mutual Fund Advertisements Presented by: Ahmed Taha, Wake Forest Law School Session 54: Operation of Courts Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Are Judges Tied to the Past? Evidence of the Judicial Sunk-Cost Effect in Appellate Decision-making Presented by: Shay Lavie, Harvard Law School The Plaintiff’s Role in Enforcing a Court Ruling: Evidence from a Labor Court in Mexico Presented by: Joyce Sadka, CIE-ITAM Too many balls in the air: The impact of task juggling on workers’ productivity Presented by: Nicola Persico, New York University Session 55: Property Right Design Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Unscheduled Appointments JEL codes: D23, D45, K23 Presented by: Alan Miller, California Institute of Technology Economic Organization and the Lease-Ownership Decision in Water Presented by: Dean Lueck, The University of Arizona Sequential Musical Creation and Sample Licensing Presented by: Peter DiCola, Northwestern University Law School Session 56: Regulation & Federalism Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization JEL codes: D02, D82, K40 Presented by: Peter Grajzl, Washington and Lee University State Finance in Times of Crisis Presented by: Brian Galle, Florida State University THE INSTITUTIONAL DYNAMICS OF TRANSITION RELIEF Presented by: Jonathan Nash, Emory University Session 57: Securities Litigation Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 The Price of Pay to Play in Securities Class Actions JEL codes: K22; K41 Presented by: Adam Pritchard, University of Michigan School of Law Real Time Information and Group Litigation Decisions Presented by: W. Kip Viscusi, Vanderbilt University IS “PAY-TO-PLAY” DRIVING PUBLIC PENSION FUND ACTIVISM IN SECURITIES CLASS ACTIONS? AN EMPIRICAL STUDY Presented by: David Webber, New York University School of Law Session 58: Regulation of Business Session Organizer: , Session type: invited Date: May 8, 2010 Time: 9:00 - 10:30 Entrepreneurship, Compensation and the Corporation JEL codes: M52, K22 Presented by: Henry Manne, Public Policy and Business Creation in the United States Presented by: Douglas Cumming, York University Shareholders and Stakeholders: How do Directors Decide? Presented by: Amir Licht, Interdisciplinary Center Herzliya Session 59: Cost-Benefit Analysis Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 Against Feasibility Analysis Presented by: Jonathan Masur, University of Chicago Law School Relational Governance and Contract Damages: Evidence from Franchising Presented by: Adam Badawi, University of Chicago The Sum of Its Parts: A Comprehensive Analysis of Rezonings in New York City Presented by: Vicki Been, New York University Session 60: Courts & Politics Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 BUILDING REPUTATION IN CONSTITUTIONAL COURTS: PARTY AND JUDICIAL POLITICS Presented by: Nuno Garoupa, University of Illinois at Urbana-Champai When Do Voters Punish Corrupt Politicians? Experimental Evidence from Brazil Presented by: Miguel de Figueiredo, Yale Law School Language, Legal Origins, and Culture before the Courts: Cross‐Citations between Supreme Courts in Europe Presented by: Martin Gelter, Fordham Law School Session 61: Law & Finance (Regulation) Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 A New Capital Regulation for Large Financial Institutions JEL codes: G01,G21,G24,G28 Presented by: Oliver Hart, Harvard University If You Misrate, then You Lose: Improving Credit Rating Accuracy Through Incentive Compensation Presented by: Yair Listokin, Yale University Avoiding Eight-Alarm Fires in the Political Economy of Systemic Risk Management Presented by: Jeffrey Gordon, Session 62: Litigation and Reputation Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 A Dynamic Model of Lawsuit Joinder and Settlement JEL codes: K41, D82 Presented by: Andrew Daughety, Vanderbilt University Patent Settlements as a Barrier to Entry Presented by: Anne Duchene, Drexel University The Effect of Litigation on Venture Capitalist Reputation Presented by: Kate Litvak, Northwestern University School of Law Session 63: Property & Environmental Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability JEL codes: K32, K41, Q53 Presented by: Howard Chang, University of Pennsylvania Land Demarcation and Agriculture in 19th Century California Presented by: Dean Lueck, The University of Arizona Tradable Environmental Allowances: Property, Non-Property, or Quasi-Property? Presented by: Daniel Kelly, Harvard Law School Session 64: Relational Contracts Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 Contract Adaptation under Legal Constraints JEL codes: D23; L14; L22 Presented by: Giorgio Zanarone, Colegio Universitario de Estudios Financieros Household Relational Contract, Fertility and Divorce Presented by: Matthias Fahn, Munich Graduate School of Economics Implicit Contracting Close to Anonymity Presented by: Andrei Bremzen, New Economic School Session 65: Securities Litigation II Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 The Supreme Court’s Impact on Securities Class Actions: An Empirical Assessment of Tellabs JEL codes: K22; K41 Presented by: Adam Pritchard, University of Michigan School of Law SHORT SELLING AND THE NEWS: A PRELIMINARY REPORT ON AN EMPIRICAL STUDY Presented by: Merritt Fox, Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-listings Presented by: Lukas Roth, University of Alberta Session 66: STANDARD OF PROOF Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 How Should Prosecutors Be Evaluated? JEL codes: K41, D82 Presented by: Bryan McCannon, Wake Forest University Toward a General Theory of Standards of Proof Presented by: Fredrick Vars, University of Alabama The Interplay between Admissibility of Expert Evidence and the Standard of Proof Presented by: Nancy McCarthy, George Mason University Session 67: Takeovers (& insider trading) Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 Insider Trading in Takeover Targets JEL codes: G14, G18, G34 Presented by: Anup Agrawal, University of Alabama RUNUP OF ACQUIRER STOCK IN PUBLIC AND PRIVATE ACQUISITIONS Presented by: Douglas Cumming, York University Golden Parachutes and the Wealth of Shareholders Presented by: Alma Cohen, Harvard University Session 68: Torts I Session Organizer: , Session type: invited Date: May 8, 2010 Time: 10:45 - 12:15 Ex-ante Investment, Ex-post Remedy, and Product Liability Presented by: Xinyu Hua, HKUST The Reasonable Person Standard: Trading Off Static and Dynamic Efficiency Presented by: Tim Friehe, University of Konstanz Insolvency and Biased Standards - The Case for Proportional Liability Presented by: Alexander Stremitzer, Yale University Index of Participants Legend: C=chair, P=Presenter, D=Disscussant # Participant Roles in Conference --------------------------------------------------------------------- 1 Agrawal, Anup P34, P67 2 Ahdieh, Robert P21 3 Alexander2, Cindy2 P3 4 Armour, John P23 5 Avraham, Ronen P39, P33 6 Badawi, Adam P59 7 Baer, Miriam P42 8 Baird, Douglas P4 9 Baker, Scott P6 10 Ball, Gwendolyn P25 11 Bank, Steven P28 12 Bar-Gill, Oren P7, P17 13 Barnes, Katherine P37 14 Barnett, Jonathan P50 15 Bartlett III, Robert P20 16 Barzuza, Michal P23 17 Been, Vicki P59 18 Ben-Shahar, Omri P19, C22 19 Benoliel, Uri P2 20 Black, Bernard P12, P30 21 Bolton, Patrick P30 22 Boranbay, Serra P47 23 Boyer, Marcel P7 24 Bradford, Anu P13 25 Bremzen, Andrei P64 26 Brennan, Thomas P28 27 Cai, Jie P10 28 Calandrillo, Steve P42 29 Candeub, Adam P48 30 Chakraborty, Suparna P29 31 Chandrasekher, Andrea P24 32 Chang, Yun-chien P41 33 Chang, Howard P63 34 Chen, Brian P12 35 CHIOU, Jing-Yuan P8 36 Choi, Albert P22 37 Coates IV, John P10, P51 38 Cohen, Alma P67 39 Cooter, Robert P21 40 Cox, Adam P43 41 Cumming, Douglas P58, P67 42 Dana, David P39 43 Dari-Mattiacci, Giuseppe P45, P43 44 Daughety, Andrew P62 45 de Figueiredo, Miguel P60 46 DeAngelo, Gregory P35 47 DiCola, Peter P55 48 Duchene, Anne P62 49 Dusek, Libor P24 50 Edlin, Aaron P1 51 Edwards, Griffin P45 52 Eisenberg, Theodore P31 53 Fahn, Matthias P64 54 Falaschetti, Dino P43 55 Falato, Antonio P34 56 Felsö, Flóra P27 57 Ferrer, Rosa P25 58 Ferri, Fabrizio P20 59 Fischman, Joshua P40 60 Fleischer, Victor P28 61 Fox, Merritt P65 62 Frakes, Michael P9 63 Francis, Andrew P49 64 Franzoni, Luigi P50 65 Freeborn, Beth P36 66 Fridolfsson, Sven-Olof P1 67 Fried, Jesse P34 68 Friedman, Ezra P1, P25 69 Friehe, Tim P68 70 Galle, Brian P56 71 Garoupa, Nuno P60 72 Gazal, Oren P49 73 Gedal, Michael P29 74 Gelter, Martin P60 75 Ghent, Andra P53 76 Gilbert, Michael P31 77 Givati, Yehonatan P41 78 Gomez, Fernando P45 79 Gordon, Jeffrey P61 80 Grajzl, Peter P47, P56 81 Grechenig, Kristoffel P38 82 Griffee, Ryan P17 83 Guzman, Andrew P13 84 Hadfield, Gillian P27 85 Hagedoorn, John P50 86 Hanlon, Michael P48 87 Hansmann, Henry P23 88 Hanssen, F. Andrew P15 89 Hart, Oliver P61 90 Helland, Eric P12 91 Helmchen, Lorens P9 92 Hersch, Joni P26 93 Hoppe, Eva P14 94 Hua, Xinyu P68 95 Huang, Peter P46 96 Humphèry, Mark P31 97 Hylton, Keith P16, C32 98 Kadyrzhanova, Dalida P10 99 Kalpathy, Swaminathan P51 100 Kelly, Daniel P63 101 Klement, Alon C25, P44 102 Kwok, David P52 103 landes, william P40 104 Lando, Henrik P19 105 Lavie, Shay P54 106 Licht, Amir P58 107 Listokin, Yair P22, P61 108 Litvak, Kate P62 109 Liu, Elaine P9 110 lobel, orly P18 111 Lubben, Stephen P4 112 Ludwig, Jens P5 113 Lueck, Dean P55, P63 114 Luppi, Barbara P15, P22 115 MacLeod, W. P18 116 Mann, Ronald P11 117 Manne, Henry P58 118 Margalioth, Yoram P37 119 Marotta-Wurgler, Florencia P17 120 Mastrobuoni, Giovanni P42 121 Masur, Jonathan P46, P59 122 McCannon, Bryan P66 123 McCarthy, Nancy P66 124 McIntyre, Frank P11 125 Miles, Thomas P24 126 Miller, Alan P55 127 Mobbs, Shawn P51 128 Mocan, H. P5 129 Nash, Jonathan P56 130 Niblett, Anthony P6 131 NICITA, ANTONIO P14 132 O'Reilly, Terry P26 133 Oded, Sharon P52 134 Ofir, Moran P53 135 Ottoz, Elisabetta P8 136 Persico, Nicola P54 137 Piehl, Anne P52 138 Porat, Ariel P33 139 Prescott, J.J. P16 140 Pritchard, Adam P57, P65 141 Rasmusen, Eric P39 142 Ribstein, Larry P27 143 Rizzolli, Matteo P38 144 Roth, Lukas P65 145 Sadka, Joyce P54 146 Saez, Maria Isabel P30 147 Sander, Richard P49 148 Schwartz, Alan P33 149 Shavell, Steven P8 150 Shepherd, Joanna P15 151 Shmueli, Benjamin P26 152 Short, Jodi P3 153 Sigurdsson, Gustav P4 154 Skiba, Paige P11 155 Staudt, Nancy P6 156 Stein, Alex P21, P35 157 Stone, Rebecca P2 158 Stremitzer, Alexander P19, P14, P68 159 Svatikova, Katarina P35 160 Taha, Ahmed P53 161 Talley, Eric P40 162 Teitelbaum, Joshua P44 163 Tor, Avishalom P2 164 Trachtman, Joel P13 165 Triantis, George C27 166 Uras, Rasim P7 167 Vars, Fredrick P66 168 Viscusi, W. Kip P37, P57 169 Volokh, Alexander P44 170 Wax, Amy P48 171 Webber, David P57 172 Weiss, Uri P16 173 White, Michelle P29 174 Wickelgren, Abraham P32 175 Wilkinson-Ryan, Tess P38 176 Williams, Doug P36 177 Wittman, Donald P18 178 Wolfers, Justin P46 179 Wonnell, Chris P47 180 Wright, Joshua P32 181 Zanarone, Giorgio P41, P64 182 Zhang, Lihui P5 183 Zur, Emanuel P3, P20