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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Law and Economics Program Meeting

 

Christine Jolls, Organizer

February 28 – March 1, 2013

NBER

3rd floor Conference Room

1050 Massachusetts Avenue

Cambridge, MA

 

PROGRAM

 

THURSDAY, FEBRUARY 28:

 

 

3:15 pm

ADAIR MORSE, Booth School, University of Chicago, and NBER

 

(Joint with Alexander Dyck, University of Toronto, and Luigi Zingales, University of Chicago and NBER)

 

 

 

How Pervasive is Corporate Fraud?

 

 

 

Discussant: ERIC ZITZEWITZ, Dartmouth College and NBER

 

 

4:10 pm

CASS SUNSTEIN, Harvard Law School

 

(Joint with Edward Glaeser, Harvard University and NBER)

 

 

Why Does Balanced News Produce Unbalanced Views?

 

 

 

Discussant: ERIC JOHNSON, Columbia Business School

 

 

5:05 pm

Break

 

 

5:20 pm

ALBERT CHOI, University of Virginia Law School

 

(Joint with Scott Baker, Washington University School of Law)

 

 

 

Reputation and Litigation: Using Formal Sanctions to Control Informal Sanctions

 

 

 

Discussant: NICOLA PERSICO, Northwestern University and NBER

 

 

6:15 pm

Adjourn

 

 

6:30 pm

Group Dinner – Grafton Street Restaurant, 1230 Massachusetts Ave, Cambridge

 

 

FRIDAY, MARCH 1:

 

 

Special Session on Corporate Governance

 

 

7:45 am

Shuttle Van Departs from The Royal Sonesta Hotel for the NBER

8:00 am

Continental Breakfast

 

 

8:30 am

OGUZHAN OZBAS, Marshall School of Business, University of Southern California

 

(Joint with John G. Matsusaka, Marshall School of Business, University of Southern California)

 

 

 

Managerial Accommodation, Proxy Access, and the Cost of Shareholder Empowerment

 

 

 

Discussant: OLIVER HART, Harvard University and NBER

 

 

9:25 am

ALLEN FERRELL, Harvard Law School

 

(Joint with Martijn Cremers, University of Notre Dame)

 

 

 

Thirty Years of Shareholder Rights and Stock Returns

 

 

 

Discussant: STEFANO ROSSI, Krannert School of Business, Purdue University

 

 

10:20 am

Break

 

 

Special Session on Corporate Governance (continued)

 

 

10:40 am

MARIASSUNTA GIANNETTI, Stockholm School of Economics

 

(Joint with Fabio Braggion, Tilburg University)

 

 

 

At the Origins of the Non-Voting Shares’ Discount: Investor Preferences vs. Fundamentals

 

 

 

Discussant: FABRIZIO FERRI, Columbia Business School

 

 

11:35 am

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

 

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

 

 

 

Managerial Entrenchment Waves

 

 

 

Discussant: KELLY SHUE, Booth School, University of Chicago

 

 

12:30 pm

Lunch

 

 

1:15 pm

LOUIS KAPLOW, Harvard Law School and NBER

 

 

 

Optimal Multistage Adjudication

 

 

 

Discussant: BERT HUANG, Columbia Law School

 

 

2:10 pm

Break

 

 

2:25 pm

JOSHUA B. FISCHMAN, Northwestern University School of Law

 

 

 

Measuring Inconsistency, Indeterminacy, and Error in Adjudication

 

 

 

Discussant: JOSHUA TEITELBAUM, Georgetown University Law Center

 

 

3:20 pm

STEVEN SHAVELL, Harvard Law School and NBER

 

 

 

Risk Aversion and the Optimality of Attenuated Legal Change

 

 

 

Discussant: DEAN LUECK, University of Arizona

 

 

4:15 pm

Adjourn