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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Law and Economics Program Meeting

 

Christine Jolls, Organizer

 

March 24-25, 2011

 

NBER

3rd floor Conference Room

1050 Massachusetts Avenue

Cambridge, MA

 

PROGRAM

 

THURSDAY, MARCH 24:

 

6:00pm

Group Dinner - Bambara Restaurant, 25 Edwin H. Land Blvd. in Cambridge (across the street from the Royal Sonesta Hotel)

 

 

FRIDAY, MARCH 25:

 

8:00 am

Shuttle Van Departs from The Royal Sonesta Hotel for the NBER

 

 

8:15 am

 

8:45 am

Continental Breakfast

 

JONATHAN B. COHN, McCombs School of Business, University of Texas

at Austin

 

(Joint with Stuart L. Gillan, Rawls College of Business Administration,

 

Texas Tech University, and Jay C. Hartzell, McCombs School of Business,

 

University of Texas at Austin)

 

On the Optimality of Shareholder Control: Evidence from the Dodd-Frank Financial Reform Act

 

Discussant:  DANIEL CHEN, Duke Law School

 

 

Special Session on Corporate Governance

 

 

9:35 am     

ROBIN GREENWOOD, Harvard Business School and NBER

 

(joint with Sergey Chernenko, Harvard Business School, and C. Fritz Foley,

 

Harvard Business School and NBER)

 

Agency Costs, Mispricing, and Ownership Structure

 

 

10:05 am

Break

 

 

10:20 am

ALEX EDMANS, Wharton School, University of Pennsylvania

 

(joint with Xavier Gabaix, Stern School, New York University, and NBER; Tomasz Sadzik, New York University; and Yuliy Sannikov, Princeton University)

 

Dynamic CEO Compensation

 

 

10:50 am

VIRAL ACHARYA, Stern School, New York University, and NBER

 

(joint with Marc Gabarro, London Business School, and Paolo Volpin, London

 

Business School)

 

Competition for Managers, Corporate Governance and Incentive Compensation

 

 

11:20 am

Special Session on Corporate Governance -- Discussion

 

Discussants:  DALIDA KADYRZHANOVA, Smith School of Business, University of Maryland, and AJAY SUBRAMANIAN, Georgia Business School

 

12:20 pm

 

Lunch

 

 

1:15 pm

KENNETH AYOTTE, Northwestern University School of Law

 

(joint with Henry Hansmann, Yale Law School)

 

A Nexus of Contracts Theory of Legal Entities

 

 

Discussant:  BENTLEY MACLEOD, Columbia University and NBER

 

2:05 pm

KATHRYN SPIER, Harvard Law School and NBER

 

ALBERT CHOI, University of Virginia Law School

 

Should Consumers be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection

 

 

Discussant:  CHRISTINE JOLLS, Yale Law School and NBER

 

2:55 pm

Break

 

 

3:20 pm

JOEL WALDFOGEL, University of Minnesota and NBER

 

Bye, Bye, Miss American Pie? The Supply of New Recorded Music Since Napster

 

Discussant:  HEIDI WILLIAMS, M.I.T. and NBER

 

 

4:10 pm

HOWARD F. CHANG, University of Pennsylvania Law School

 

(joint with Hilary Sigman, Rutgers University and NBER)

 

An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability

 

Discussant:  JJ PRESCOTT, University of Michigan Law School

 

 

5:00 pm

Adjourn