May 15-16, 2015 

All sessions to be held at Columbia Law School

Friday, May 15

(Author’s name in bold indicates person presenting paper)

8:00 – 8:45:       Registration and Continental Breakfast

Panel IA:          Consumer Bankruptcy

Panel Chair: Kathryn Fritzdixon

Will Dobbie, Paul Goldsmith-Pinkham, and Crystal Yang, “Consumer Bankruptcy and Financial Health”

Discussant: Frank McIntyre

Rajashri Chakrabarti and Nathaniel Pattison, “Auto Credit and the 2005 Bankruptcy Reform: The Impact of Eliminating Cramdowns”

            Discussant: Nadia Nasser-Ghodsi

Kathryn Fritzdixon, “Do Larger Subprime Loans cause Debt Spirals? Evidence from the TN Auto Title Lending Market”

                        Discussant: Chrystin Ondersma

Panel IB:          Criminal Procedure

Panel Chair:            Murat C. Mungan 

Andrew F. Daughety and Jennifer F. Reinganum, “Informal Sanctions on Prosecutors and Defendants and the Disposition of Criminal Cases”

Discussant: Anthony Nibbles

Barbara Luppi, Francesco Parisi, and Daniel Pi, “Reasonable Doubt: An Economic Analysis”

                        Discussant: Yehonatan Gavin

Murat C. Mungan and Jonathan Klick, “Reducing Guilty Pleas through Exoneree Compensations”

                        Discussant: Jennifer Reinganum

Friday (cont.)

 Panel IC:         Courts, Politics, and Finance

Panel Chair:             Pat Akey

Yotam Kaplan, and Noam Gidron, “The Champion of a New Order: The Supreme Court and the Liberalization of the U.S. Economy”

Discussant: Rafael Franck

Abhay Aneja, Marian Moszoro, and Pablo T. Spiller, “Political Bonds: Political Hazards and the Choice of Municipal Financing Instruments”

Discussant: Suresh Naiad

Pat Akey, “Valuing Changes in Political Networks: Evidence from Campaign Contributions to Close Congressional Elections”

Discussant: Thomas Bourveau

 Panel ID:          Administrative Law and Legislation

Panel Chair: Eyal Amir

Jonathan S. Masur and Eric A. Posner, “Toward a Pigovian State”

Discussant: Gillian Metzger

Brian Broughman and Deborah A. Widiss, “After the Override: An Empirical Analysis of Shadow Precedent”

Discussant: Thomas Merrill

Eyal Zamir, Daphna Lewinsohn-Zamir, and Ilana Ritov, “It’s Now or Never! Using Deadlines as Nudges”

Discussant: Jed Stiglitz

Panel IE:          Antitrust and Public Goods

     Panel Chair:            Aaron Edlin

Keith N. Hylton, “Competition and Innovation: A Framework for the Patent-Antitrust Conflict”

Discussant: TBA

Eric Helland and Seth A. Seabury, “Are Settlements in Patent Litigation Collusive? Evidence from Paragraph IV Challenges”

Discussant: Scott Hemphill

Aaron Edlin, Scott Hemphill, Herbert Hovenkamp, and Carl Shapiro, “The Actavis Inference: Theory and Practice”

Discussant: Ezra Friedman

Friday (cont.)

 Panel IF:           Formal Versus Informal Contracts

     Panel Chair:            Abraham L. Wickelgren

Stephan Tontrup, “Pacta sunt Servanda – Testing Voluntary Compliance to Contracts”

Discussant: Richard McAdams

Zev J. Eigen and David A. Hoffman, “A Fuller Understanding of Contractual Commitment”

Discussant: Dane Chorley

Abraham L. Wickelgren, “A Novel Justification for Legal Restrictions on Non-compete Clauses”

Discussant: Albert Choi  

Panel IG:          Corporate Governance: Theory of Organization and Governance

     Panel Chair: Jesse Fried

  1. Andrew Hanssen and Alexander Raskovich, “The Property Rights Theory of Vertical Relations: Evidence from the Hollywood Studio Era”

Discussant: Albert Choi

Zohar Goshen and Richard Squire, “Principal Costs”

Discussant: Jesse Fried

Jesse Fried, “The Illusory Promise of Pre-emptive Rights”

Discussant: Zohar Goshen

Panel IH:          Bias, Stereotypes, and Discrimination

     Panel Chair: Eric A. Posner

Anat Bracha, Alma Cohen, and Lynn ConellPrice, “Affirmative Action and Stereotype Threat”

Discussant: Marco Fabbri

Prasad Krishnamurthy and Aaron Edlin, “Affirmative Action and Stereotypes in Higher Education Admissions”

Discussant: Eric Rasmusen

Adam S. Chilton and Eric A. Posner, “An Empirical Study of Political Bias in Legal Scholarship”

Discussant: F. Andrew Hansen

10:30 – 11:00:    Coffee Break

Friday (cont.)

11:00 – 12:45:    Session II:        

Panel IIA:         Mergers, Acquisitions, and Takeovers

Panel Chair: Nitzan Shilon

Xiumin Martin and Emanuel Zur, “Dodging Repatriation Tax – Evidence from Domestic and Foreign M&As”

Discussant: Yair Listokin

Lucian Bebchuk, Alon Brav, and Wei Jiang, “The Long-Term Effects of Hedge Fund Activism”

Discussant: Darius Palia 

Nitzan Shilon, “The Case for Managerial Signaling in Deciding Hostile Takeovers”

            Discussant: Kathryn Judge

Panel IIB:         Topics in Tax Policy Design I

Panel Chair: Yehonatan Givati

David Schizer, “Limiting Tax Expenditures”

Discussant: Joshua Blank

Jacob Goldin, “Nudges, Mandates, and Taxes: Policy Design with Active and Passive Decision-Makers”

Discussant: Wojciech Kopczuk

Yehonatan Givati, “Googling a Free Lunch: The Taxation of Fringe Benefits”

Discussant: Jacob Goldin

Panel IIC:        Contracts and Bargaining

Panel Chair: Lisa Bernstein

Victor Goldberg, Buffalo’s Field of Dreams: Kenford Company v. Erie County

Discussant: Dan Kelly

Benjamin Shmueli, “When Can Post-Judgment Bargaining Be Anticipated: Bridging Economic and Behavioral Approaches”

                        Discussant: Luigi Franzoni

Lisa Bernstein, “Private Ordering, Social Capital, and Network Governance in Procurement Contracts: A Preliminary Exploration”

Discussant: Jody Kraus

Friday (cont.)

 Panel IID:         Informational Efficiency in Securities Markets

Panel Chair:  Merritt B. Fox

Robert J. Jackson, Jr., Wei Jiang, and Joshua Mitts, “How Quickly Do Markets Learn? Private Information Dissemination in a Natural Experiment”

Discussant: Allen Ferrell

April Klein and Tao Li, “Costs and Benefits of Acquiring Information: How Hedge Fund Managers Trade on the Freedom of Information Act”

Discussant: Robert Jackson

Merritt B. Fox, Lawrence R. Glosten and Gabriel V. Rauterberg, “The New Stock Market: Sense and Nonsense”

Discussant: Joshua Mitts

Panel IIE:        International Trade and Investment

     Panel Chair: Dmitriy Skougarevskiy

Jiwon Lee and Teresa Wittgenstein, “Weak vs. Strong Ties: Explaining Early Settlement in WTO Disputes”

Discussant: Ben Depoorter

Alan O. Sykes, “Economic Necessity in International Law”

Discussant: Kevin E. Davis

Wolfgang Alschner and Dmitriy Skougarevskiy, “Consistency and Legal Innovation in the BIT Universe”

Discussant: Kish Parella

Panel IIF:         Patents I

     Panel Chair: David S. Abrams

Michael D. Frakes and Melissa F. Wasserman, “Is the Time Allocated to Review Patent Applications Inducing Examiners to Grant Invalid Patents?: Evidence from Micro-Level Application Data”

Discussant: Kevin Collins

John R. Allison and Lisa Larrimore Ouellette, “How Courts Adjudicate Patent Definiteness and Disclosure”

Discussant: Kathy Strandburg

David S. Abrams, Ufuk Akcigit, and Jillian Popadak, “A First Empirical Look at NPE’s”

Discussant: Christopher Sprigman

Friday (cont.)

Panel IIG:        Judicial Behavior I

Panel Chair:             Doron Teichman

Arnaud Philippe and Aurélie Ouss, “‘No hatred or malice, fear or affection’: Media and Sentencing”

Discussant: Miguel F.P. de Figueiredo

Adi Leibovitch, “Relative Judgments”

Discussant: Max Schanzenbach

Doron Teichman, Yuval Feldman, and Amos Schurr, “Anchoring Legal Standards”

Discussant: Adi Leibovitch

Panel IIH:         Empirical Studies in Criminal Law

     Panel Chair: Emily Owens

Adam B. Cox and Thomas J. Miles, “Cooperating with the Cops: The Secure Communities Program and Clearance Rates”

Discussant: Crystal Yang

Emily Owens, “Testing the School-to-Prison Pipeline”

Discussant: Amanda Agan

Miguel F.P. de Figueiredo, “Throw Away the Jail or Throw Away the Key? The Effect of Punishment on Recidivism and Social Cost”

Discussant: John J. Donohue III

12:45 – 2:00:      Lunch

2:00 – 3:45:       Session III:      

Panel IIIA:       Topics in Domestic and International Taxation

     Panel Chair: Elizabeth Chorvat

John R. Brooks, II, “Quasi-Public Spending on Quasi-Public Goods”

Discussant: Edward Fox

Mihir A. Desai and Dhammika Dharmapala, “Interest Deductions in a Multijurisdictional World”

Discussant: Mitchell Kane

Elizabeth Chorvat, “Looking Through Corporate Expatriations for Buried Intangibles”

Discussant: Fadi Shaheen

Friday (cont.)

Panel IIIB:        Procedure and Litigation I

Panel Chair:   Giuseppe Dari-Mattiacci

Dov Fox and Alex Stein, “Watersheds”

Discussant: Keith N. Hylton

Itai Ater, Yehonatan Givati, and Oren Rigbi, “The Right to Counsel: Benefits and Costs”

Discussant: Crystal Yang

Giuseppe Dari-Mattiacci and Margherita Saraceno, “Fee-shifting with Two-sided Asymmetric Information”

Discussant: William Hubbard

Panel IIIC:        Lawyers and Law Firms

Panel Chair: David A. Hyman

Jamein P. Cunningham, “An Evaluation of the Federal Legal Services Program: Evidence from Crime Rates and Property Values”

Discussant: Gerd Muehlheusser

John Morley, “Why Law Firms Collapse”

Discussant: Lisa Rohrer

David A. Hyman, Mohammad Rahmati, Charles Silver, and Bernard Black, “Are Successful Plaintiffs’ Lawyers Good, or Just Lucky?”

Discussant: Ronen Avraham

Panel IIID:       Precedent and Legal Rules

Panel Chair:             Anup Malani

Daniel Chen, Jens Frankenreiter, and Susan Yeh, “Measuring the Effects of Legal Precedent in U.S. Federal Courts”

Discussant: Jeff Lax

Charles M. Cameron and Lewis A. Kornhauser, “Stare Decisis and Judicial Log-Rolls: A Gains-from-Trade Model”

Discussant: Scott Baker

Scott Baker and Anup Malani, “Judicial Learning and the Quality of Legal Rules”

Discussant: Jonathan Kasteller

Friday (cont.)

Panel IIIE:        Executives and Litigation Risk

Panel Chair: Emanuel Zur

Suman Banerjee, Mark Humphery-Jenner, Vikram Nanda, and Mandy Tham,, “Executive Overconfidence and Securities Class Actions”

Discussant: Eric Talley

James Malm and Shawn Mobbs, “Independent Directors and Corporate Litigation”

Discussant: Michael Klausner

Hagit Levy, Ron Shalev, and Emanuel Zur, “The Effect of CFO Personal Litigation Risk on Firms’ Disclosure and Accounting Choices”

Discussant: Jared Wilson

Panel IIIF:       Political Connections, Networks, Contributions

Panel Chair: Prasad Krishnamurthy

Thomas Bourveau, Renaud Coulomb, and Marc Sangnier, “Political Connections and Insider Trading”

Discussant: Yotam Kaplan

Geeyoung Min and Hye Young You, “Active Shareholders and Active Firms: Shareholder Proposal and Corporate Political Activity”

Discussant: Daniel Wolfenzon

Thomas Lambert, “Lobbying on Regulatory Enforcement Actions: Evidence from Banking”

Discussant: Prasad Krishnamurthy

Panel IIIG:       Experiments

     Panel Chair: Ben Depoorter

Dan Ariely, Ximena Garcia-Rada, Lars Hornuf, and Heather Mann, “The (True) Legacy of Two Really Existing Economic Systems”

Discussant: Alexander Stremitzer

Emanuela Carbonara and Marco Fabbri, “Social Influence on Third-party Punishment: an Experiment”

Discussant: Stephan Tontrup

Ben Depoorter and Stephan Tontrup, “Unenforced Laws: A Field Experiment”

Discussant: Macartan Humphreys

Panel IIIH:       Judicial Behavior II

     Panel Chair: W. Bentley MacLeod 

Adam Feldman and Elli Menounou, “Words That Matter: Predicting Persuasive Briefs in the United States Supreme Court”

Discussant: Jed Stiglitz

Donald P. Green, Jonathon S. Krasno, Costas Panagopoulos, Michael Schwam-Baird, and Dane Thorley, “Please Recuse Yourself: A Field Experiment Exploring the Relationship between Campaign Donations and Judicial Recusal”

Discussant: Jonah Gelbach

Elliott Ash and W. Bentley MacLeod, “Incentive and Selection Effects of Judicial Elections: Theory and Evidence from State Supreme Courts”

Discussant: Daniel Chen

3:45 – 4:15:       Coffee Break

4:15 – 6:00:       Session IV:

Panel IVA:        Financial Institutions I: Does the Regulation of Financial Institutions Improve Outcomes?

     Panel Chair:             Gerard Hertig

Talia Gillis, “Testing Beyond Comprehension”

Discussant: Alexei Alexandrov

Andrew F. Tuch, “Regulating Investment Bankers’ Loyalty in Mergers and Acquisitions”

Discussant: Donna Hitscherich

Ettore Croci, Gerard Hertig, and Eric Nowak, “Decision-Making during the Crisis: Why did the Treasury let Commercial Banks fail?”

Discussant: Anita Anand

Panel IVB:        Topics in Tax Policy Design II

   Panel Chair:  Zachary Liscow

Yair Listokin, “Tax Expenditure Estimates Are Almost as Good as Revenue Estimates”

Discussant: David Kamin

Lee Anne Fennell and Richard H. McAdams, “The Distributive Deficit in Law and Economics”

Discussant: Zachary Liscow

Zachary Liscow, “How Income Taxes Should Change during Recessions”

Discussant: John R. Brooks, II

Panel IVC:        Antitrust

Panel Chair: Daniel L. Rubinfeld

Michal S. Gal and Daniel L. Rubinfeld, “The Hidden Costs of Free Goods: Implications for Antitrust Enforcement”

Discussant: James Dana

Tamer Cetin and Kadir Y. Eryigit, “Measuring the Economic Effects of Deregulation: Evidence from the Turkish Airline Industry”

Discussant: Daniel L. Rubinfeld

Alexei Alexandrov and Daniel F. Spulber, “Sufficient Decisions in Multi-Sided and Multi-Product Markets”

Discussant: Pablo Spiller

Panel IVD:        Employment and Labor Law

     Panel Chair: Evan Starr

Alison Morantz, Kathleen Choi, and Alexander Weiss, “Filing Not Found: Which Injuries Go Unreported to Worker Protection Agencies, and Why?”

Discussant: David Hoffman

Egor Matveyev, “Assortative Matching in Managerial Labor Markets: Theory and Measurement”

Discussant: Pierre-Andre Chiappori

Evan Starr, Norman Bishara, and JJ Prescott, “Noncompetes in the US Labor Force”

Discussant: Paige Skiba

Panel IVE:        Regulatory Competition

     Panel Chair: Eric L. Talley

K.J. Martijn Cremers and Simone M. Sepe, “Whither Delaware? Limited Commitment and the Financial Value of Corporate Law”

Discussant: Michal Barzuza

Jared I. Wilson, “The Value of Exclusive Forum Provisions”

Discussant: Simone Sepe

Eric L. Talley, “Corporate Inversions and the Unbundling of Regulatory Competition”

            Discussant: Roberta Romano

Panel IVF:       Negligence

Panel Chair: Omri Ben-Shahar

Alice Guerra, Barbara Luppi, and Francesco Parisi, “Presumption of Negligence”

Discussant: Shmuel Leshem

Alon Cohen and Avraham Tabbach, “Informational Negligence Law”

Discussant: Fernando Gomez

Omri Ben-Shahar and Ariel Porat, “Personalizing Negligence Law”

Discussant: Michael Frakes

Panel IVG:        Voting, Elections, Representation

Panel Chair: Abhay Aneja

Raphael Franck, “The Lawyers’ Comparative Advantage in Parliamentary Elections”

Discussant: Pat Akey

Vardges Levonyan, “What Led to the Ban on Same-Sex Marriage in California?: Structural Estimation of Voting Data on Proposition 8”

Discussant: Barak Richman

Abhay Aneja, “The Causal Effect of Political Representation on Crimes against

Ethnic Minorities: State-level Evidence from India”

Discussant: Sunita Parikh       

Panel IVH:        Secondary Liability and Enforcement in Securities Markets

Panel Chair: Assaf Hamdani

James J. Park, “Auditor Contributions to Securities Class Action Settlements”

Discussant: Sean Griffith

Stephen J. Choi and Adam C. Pritchard, “SEC Investigations and Securities Class Actions: An Empirical Comparison”

Discussant: Merritt B. Fox

Assaf Hamdani, “Respondeat Superior and Secondary Liability”

Discussant: David Webber

6:00 – 7:00:       Cocktails

7:00:                 ALEA Annual Dinner

                        Presiding:          Robert Scott, President, ALEA

                        Speaker:            Kathryn Spier, Vice President, ALEA

Saturday, May16

8:00 – 8:30:       Continental Breakfast

8:30 – 10:15:      Session V:

Panel VA:         Empirical Research in Taxation

     Panel Chair:             Kyle Rozema

Matthew Dimick, David Rueda, and Daniel Stegmueller, “The Altruistic Rich? Inequality and Other-Regarding Preferences for Redistribution in the US”

Discussant: Kyle Rozema

Edward Fox, “Do Taxes Affect Marriage? Lessons from History”

Discussant: Dhammika Dharmapala

Kyle Rozema, “Excise Taxes and the Allocation of Producer Surplus”

Discussant: Matthew Dimick

Panel VB:         Torts: Data and Theory

Panel Chair: Benjamin J. McMichael

Robert Cooter and David DePianto, “Community vs Market Values of Life”

Discussant: Eric A. Posner

Benjamin Ogden and Keith N. Hylton, “Incentives to Take Care Under Contributory and Comparative Fault”

Discussant: Ezra Friedman

Benjamin J. McMichael, “Beyond Physicians: The Effect of Licensing and Liability Laws on Nurse Practitioners and Physician Assistants”

Discussant: Jill Horwitz

Panel VC:         Institutional Investors

Panel Chair: Katherine Valerie Litvak

Paul Calluzzo and Simi Kedia, “Mutual Fund Board Connections and Proxy Voting”

Discussant: Quinn Curtis

Joseph McCahery, Zacharias Sautner, and Laura T. Starks, “Behind the Scenes: The Corporate Governance Preferences of Institutional Investors”

Discussant: Holger Spamann

Vladimir Atanasov, Thomas Hall, Vladimir Ivanov, and Katherine Valerie Litvak, “The Impact of Public Pension Funds on Governance of Venture Capital Funds: Which Limited Partners Limit VC Opportunism?”

Discussant: Brian Broughma

Saturday (cont.)

Panel VD:         Procedure and Litigation II

     Panel Chair: Minor Myers

Dan Klerman and Greg Reilly, “Forum Selling”

Discussant: Paul R. Gugliuzza

Shay Lavie, “Quotas”

Discussant: Zach Clopton

Charles R. Korsmo and Minor Myers, “Aggregation by Acquisition: Replacing Class Actions with a Market for Legal Claims”

Discussant: Avery Katz

Panel VE:         Property Regimes in China

     Panel Chair: Wei Zhang

Yun-chien Chang and Henry E. Smith, “The Numerus Clausus Principle, Property Customs, and the Emergence of New Property Forms”

Discussant: Henry Hansmann

Shitong Qiao, “Small Property, Big Market: A Focal Point Explanation         “

Discussant: Lee Anne Fennell

Ji Li and Wei Zhang, “Weak Law v. Strong Ties: An Empirical Study of Business Investment, Law and Political Connections in China”

Discussant: Frank Upham

Panel VF:          Judicial Behavior III

    Panel Chair: Joshua B. Fischman

Michael A. Bailey and Matthew L. Spitzer, “Appointing Extremists

Discussant: Charles M. Cameron

Daniel L. Chen, Moti Michaeli, and Daniel Spiro, “Ideological Perfectionism on Judicial Panels”

Discussant: Anup Malani

Joshua B. Fischman and Tonja Jacobi , “The Second Dimension of the Roberts Court”

Discussant: Vardges Levonyan

Panel VG:         Copyright

     Panel Chair: Guy A. Rub

Paul Justin Heald, Kristofer Erickson, and Martin Kretschmer, “The Valuation of Unprotected Works: The Case of Public Domain Photographs on Wikipedia”

Discussant: Guy A. Rub

Milton Harris, S. Abraham Ravid, Ronald Sverdlove, and Suman Basuroy, “Intellectual Property Contracts: Theory and Evidence from Screenplay Sales”

                        Discussant: Lisa Larrimore Ouellette

Guy A. Rub, “Reconciling the Copyright-Contracts Conflict”

Discussant: Scott Baker

Panel VH:         Corporate Governance: Empirical Methods

 Panel Chair: Brian Galle

Emiliano M. Catan and Marcel Kahan, “The Law and Finance of Anti-Takeover Statutes”

Discussant: Darius Palia

Vladimir Atanasov and Bernard Black, “The Trouble with Instruments: Re-examining Shock-Based IV Designs”

Discussant: Wei Jiang

Brian Galle and David Walker, “Sunshine, Stakeholders, and Executive Pay: A Regression-Discontinuity Approach”

Discussant: Emiliano Catan

10:15 – 10:45:    Coffee Break

10:45 – 12:30:    Session VI:

Panel VIA:        Financial Institutions II: The Financial Crisis in Retrospect: Can We Do Better in Policing Systemic Risk?

     Panel Chair: Anthony J. Casey

Kathryn Judge, “Thirteen Months: The Role of a Modern Lender of Last Resort”

Discussant: Prasad Krishnamurthy

Wulf A. Kaal, Barbara Luppi and Sandra Paterlini, “Did the Dodd-Frank Act Impact Private Fund Performance? Evidence from 2010  to­ 2015”

Discussant: Katherine Valerie Litvak

Anthony J. Casey and Eric A. Posner, “A Framework for Bailout Regulation”

Discussant: Michael Simkovic

Panel VIB:       Can Legal Reforms Improve the Quality of Medical Care?            

     Panel Chair: Jill Horwitz

Michael Frakes, Matthew Frank, and Seth Seabury, “The Impact of National Medical Liability Standards on Local Access to Physician Services”

Discussant: Kristin Madison

Paola Bertoli, Sofia Amaral Garcia, and Veronica Grembi, “Does Experience Rating Improve Obstetric Practices? Evidence from Geographical Discontinuities”

Discussant: Elliott Ash

Myungho Paik, Bernard Black, and David A. Hyman, “Damage Caps and Defensive Medicine, Revisited”

Discussant: Frank A. Sloan

Panel VIC:        Liability Insurance

     Panel Chair: Kyle Logue

Patricia A. Robinson, Frank A. Sloan, and Lindsey M. Eldred, “Advantageous Selection, Moral Hazard, and Insurer Sorting on Risk in the U.S. Automobile Insurance Market”

Discussant: Joshua Teitelbaum

Henrik Lando, “Optimal Rules of Misrepresentation in Insurance Law”

Discussant: Abraham L. Wickelgren

Omri Ben-Shahar and Kyle Logue, “Under the Weather: Government Insurance and the Regulation of Climate Risks”

Discussant: Brian Galle

Panel VID:        Contract Theory

     Panel Chair: Kevin E. Davis

Maija Halonen-Akatwijuka and Oliver D. Hart, “Short-term, Long-term, and Continuing Contracts”

Discussant: W. Bentley MacLeod

Juanjo Ganuza and Fernando Gomez, “Formal Contracts without Courts”

Discussant: Patrick Bolton

Oren Bar-Gill and Kevin E. Davis, “(Mis)perceptions of Law in Consumer Markets”

Discussant: Andrew F. Daughety

Panel VIE:        Corporate Governance: Directors and Shareholders

     Panel Chair: Jordan M. Barry

Yaron Nili, “Servants of Two Masters? The Feigned Hysteria over Activist-Paid Directors”

Discussant: Slava Fos

Matthew D. Cain, Jill E. Fisch, Sean J. Griffith, and Steven Davidoff Solomon, “How Corporate Governance is Priced: The Case of the Golden Leash”

Discussant: Dhammika Dharmapala

Lynne L. Dallas and Jordan M. Barry, “Long-Term Shareholders and Time-Phased Voting”

Discussant: Assaf Hamdani

Panel VIF:        Judicial Behavior IV

     Panel Chair: Christopher L. Griffin, Jr.

Claudine Desrieux and Romain Espinosa, “Do Employers Fear Unions in Labor Courts? Theory and Evidence from French Labor Courts”

Discussant: Dan Klerman

Guy Grossman, Oren Gazal-Ayal, Sam Pimentel, and Jeremy Weinstein, “Descriptive Representation and Judicial Outcomes in Multi-Ethnic Societies”

Discussant: Thomas J. Miles

Christopher L. Griffin, Jr., “An Empirical Assessment of Panel Effects in Quasi-Judicial Decision Making”

Discussant: Jens Frankenreiter

Panel VIG:        Patents II

Panel Chair: Shawn P. Miller

Roger Smeets, “Does Patent Litigation Crowd Out Corporate R&D? An Analysis of US Public Firms”

Discussant: David S. Abrams

Ian Ayres and Amy Kapczynski , “Innovation Sticks: The Limited Case for Penalizing Failures to Innovate”

Discussant: Giuseppe Dari-Mattiaci

Mark A. Lemley and Shawn P. Miller, “If You Can’t Beat ‘Em, Join ‘Em? How Sitting by Designation Affects Judicial Behavior”

Discussant: David Schwartz

Saturday (cont.)

 Panel VIH:        Criminal Law: Theory and Data

     Panel Chair: Shmuel Leshem

Ricard Gil and Mario Macis, “Ain’t No Rest for the Wicked”: Population, Crime, and the 2013 Government Shutdown”

Discussant: Max Schanzenbach

Berno Buechel and Gerd Muehlheusser, “Black Sheep or Scapegoats? Implementable Monitoring Policies under Unobservable Levels of Misbehavior”

Discussant: Nicolas Sahugeut

Ehud Guttel and Shmuel Leshem, “On the Credibility of Prosecutorial (and other) Threats”

Discussant: Omri Ben-Shahar

12:30 –1:45:       Lunch

1:45 – 3:30:       Session VII:

Panel VIIA:       Crime Prevention

Panel Chair: Andrea Cann Chandrasekher

Jillian B. Carr and Jennifer L. Doleac, “Keep the Kids Inside: Juvenile Curfews, Bad Weather, and Urban Gun Violence”

Discussant: Bernardo S. da Silveira

Andrew Porter, “Libraries Fighting Crime: Spillover Effects of Public Institutions”

Discussant: Eric Helland

Andrea Cann Chandrasekher, “The Effect of Police Slowdowns on Crime”

Discussant: JJ Prescott

 Panel VIIB:       Corporate and Municipal Bankruptcy    

     Panel Chair: Vincent S.J. Buccola

Antonio E. Bernardo, Alan Schwartz, and Ivo Welch, “Contracting Externalities and Mandatory Menus in the U.S. Corporate Bankruptcy Code”

Discussant: Laura Napoli Cordes

Antonio Falato and Nellie Liang, “Do Creditor Rights Increase Employment Risk?

Evidence from Loan Covenants”

Discussant: Kenneth Ayotte

Vincent S.J. Buccola, “The Legislative Structure of Municipal Bankruptcy”

Discussant: Frederick Tung

Panel VIIC:      Property Law: Theory and Applications

     Panel Chair: Lee Anne Fennell

Yael R. Lifshitz, “Rethinking Original Ownership”

Discussant: Henry E. Smith

Ronit Levine-Schnur and Gideon Parchomovsky, “Is the Government Fiscally Blind? An Empirical Examination of the Effect of the Compensation Requirement on Eminent Domain Exercises”

Discussant: Katrina Wyman

Lee Anne Fennell, “Slicing Spontaneity”

Discussant: Richard Brooks

Panel VIID:       Antitrust: Vertical Interactions

Panel Chair: Jonathan B. Baker

Mika Kato, “Demand-enhancing Innovation”

Discussant: Matthew L. Spitzer

Louis Kaplow, “The Meaning of Vertical Agreement and the Structure of Competition Law”

Discussant: Ian Ayres

Jonathan B. Baker, “Evaluating Appropriability Defenses for the Exclusionary Conduct of Dominant Firms in Innovative Industries”

Discussant: Keith N. Hylton

Panel VIIE:       Empirical Work on Contracts

Panel Chair: Yonathan A. Arbel

Sarath Sanga, “The Contract Frontier: A Study of the Modern Joint Venture”

Discussant: Charles Sabel

Jean Beuve, Marian Moszoro, and Stéphane Saussier, “Political Contestability and Contract Rigidity: An Analysis of Procurement Contracts”

Discussant: Lisa Bernstein

Yonathan A. Arbel, “Contract Remedies in Action: Specific Performance”

Discussant: Florencia Marotta-Wurgler

Panel VIIF:      Products Liability

     Panel Chair: Brian Libgober

Andrzej Baniak and Peter Grajzl, “Controlling Product Risks when Consumers are Heterogeneously Overconfident: Producer Liability vs. Minimum Quality Standard Regulation”

Discussant: Juanjo Ganuza

Ezra Friedman, “The Value of A Statistical Judgment: A New Approach to the Insurer’s Duty to Settle”

Discussant: Sofia Amaral Garcia

Brian Libgober and JJ Prescott “Accident Liability in Imperfect Markets”

Discussant: Claude Fluet

Panel VIIG:      Corporate Governance and Activism

     Panel Chair: Kobi Kastiel

Mira Ganor, “Why do Dual-Class Firms Have Staggered Boards?”

Discussant: Steven Davidoff

Stephen J. Choi, Jill E. Fisch, Marcel Kahan, and Edward B. Rock, “Does Majority Voting Improve Board Accountability?”

Discussant: Ryan Bubb

Kobi Kastiel, “Against All Odds: Shareholder Activism in Controlled Companies”

Discussant: Richard Squire                                                                            

Panel VIIH:      Cross Cutting Papers

     Panel Chair: Lisa Larrimore Ouellette

Ariel Porat and Omri Yadlin, “A Welfarist Perspective on Lies”

Discussant: Avery Katz

Scott Baker and Alex Raskolnikov, “Information, Strategy, and Optimal Responses to Legal Uncertainty”

Discussant: Justin McCrary

Jonathan S. Masur and Lisa Larrimore Ouellette, “Deference Mistakes”

Discussant: Scott Baker

3:30 – 4:30:       Wine and Cheese Reception

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