American Law and Economics Association

Twenty-Ninth Annual Meeting
May 17-18, 2019
All sessions to be held at New York University School of Law
Vanderbilt Hall
40 Washington Square SouthNew York, New York 10012

American Law and Economics Association 2018-2019
Officers
President: Jennifer H. Arlen, New York University
Vice President: Saul Levmore, University of Chicago
Secretary-Treasurer: Aaron Edlin, University of California, Berkeley

Board of Directors
Class of 2019
Alma Cohen, Harvard University and Tel-Aviv University
Giuseppe Dari-Mattiacci, University of Amsterdam
Alison D. Morantz, Stanford University
Eric Talley, Columbia University

Class of 2020
Jonah Gelbach, University of Pennsylvania
William Hubbard, University of Chicago
Prasad Krishnamurthy, University of California, Berkeley
Justin McCrary, Columbia University

Class of 2021
Ezra Friedman, Northwestern University
Paige Skiba, Vanderbilt University
Sonja Starr, University of Michigan
Crystal Yang, Harvard University

Editors of the American Law and Economics Review
J.J. Prescott
Albert H. Choi

Executive Secretary
Karen G. CroccoProgram Organizers for the 2017 Annual Meeting
Kevin E. Davis (Chair)
Justin McCrary
Jennifer Reinganum
Jennifer Arlen

Area Organizers

Benito Arruñada
Ronen Avraham
Kenneth Ayotte
Douglas G. Baird
Oren Bar-Gill
Jonathan Barnett
Robert Bartlett
Eyal Benvenisti
Ryan Bubb
Emiliano M. Catan
Quinn Curtis
Andrew Daughety
John M. de Figueiredo
Christoph EngelJohn Ferejohn
Joshua Fischman
Andrew Hayashi
James R. Hines, Jr.

Keith N. Hylton
Kathryn Judge
Lewis A. Kornhauser
Saul Levmore
Claire S.H. Lim
W. Bentley MacLeod
Leslie Marx
Alison D. Morantz
Nicola Persico
A. Mitchell Polinsky
Steven Davidoff Solomon
Matt Spitzer
Eric L. Talley
John L. TurnerMichael Waibel
Katrina Wyman
Crystal Yang
Albert H. Yoon

Friday, May 17(All sessions to be held in Vanderbilt Hall, New York University School of Law)
(Author's name in bold indicates person presenting paper)

8:15 – 9:00:

Registration (Greenberg Lounge, 1st Floor)
Continental Breakfast (Golding Lounge, 2nd Floor)

9:00 – 10:30:

Session I:

Panel IA:

Taxation I (Room 202)

Panel Chair: James Hines
Edward Fox, “Does Capital Bear the Corporate Tax After All? New Evidence from
U.S. Corporate Tax Returns”
Ramona Dagostino, “The Impact of Bank Financing on Municipalities' Bond Issuanceand the Real Economy”
Jeffrey Hicks, Jing Xing, and Wei Cui, “Firms' Responses to Accelerated
Depreciation: Imperfect Take-up and Investment Behavior in China”

Panel IB:

Corporate I (Room 210)

Panel Chair: Emiliano M. Catan
Jens C. Dammann, “Deference to Delaware Corporate Law Precedents andShareholder Wealth: An Empirical Analysis”
Yaron Nili and Cathy Hwang, “Shadow Governance”
Holger Spamann, “Indirect Investor Protection”

Panel IC:

Contracts I (Room 206)

Panel Chair: Alan Schwartz
Douglas G. Baird, “Terms of Engagement”
Albert H. Choi and George Triantis, “Relationship-Specific Investment, Asymmetric
Information and the Role of Good Faith Obligations”
Yonathan A. Arbel and Andrew Toler, “All-Caps"

Friday (cont.)

Panel ID:

Political Economy I (Room 204)

Panel Chair: David Pozen
Alexander V. Hirsch and Jonathan P. Kastellec, “A Theory of Policy Sabotage”
Daeyoung Jeong and Semin Kim, “Stable Constitutions”
Alan D. Miller, “Linear Community Standards”

Panel IE:

Experimental Law and Economics I (Room 216)

Panel Chair: Stephan Tontrup
Florian Baumann, Tim Friehe, and Pascal Langenbach, “Fines versus Liability:
Experimental Evidence on Care Incentives”
J. Shahar Dillbary, Cherie Metcalf, and Brock Stoddard, “Incentivized Torts: An
Empirical Analysis”
Giuseppe Dari-Mattiacci and Marco Fabbri, “The Virtuous Cycle of Property”

Panel IF:

Resolving Conflict (Room 220)

Panel Chair: Daniel Klerman
Benjamin Balzer and Johannes Schneider, “Managing A Conflict: Optimal Alternative
Dispute Resolution”
Alon Klement and Moran Ofir, “Auctioning Class Action Representation”
Keith N. Hylton, “Mutual Optimism and Risk Preferences in Litigation”

Panel IG:

Property (Room 218)

Panel Chair: Lee Anne Fennell
Yun-chien Chang, Nuno Garoupa, and Martin Wells, “Drawing the Legal Family
Tree: An Empirical Comparative Study of 108 Property Doctrines in 128 Jurisdictions”
Carmine Guerriero, “Property Rights, Transaction Costs, and the Limits of theMarket”
Lee Anne Fennell, “Property Beyond Exclusion”

Friday (cont.)
Panel IH:

Torts I (Room 214)

Panel Chair: Abraham Wickelgren
Ehud Guttel, Yuval Procaccia, and Eyal Winter, “Shared Liability and Excessive
Care”
Omer Y. Pelled, “The Proportional Internalization Principle in Torts, Contracts andUnjust Enrichment”
Steven Shavell, “On the Redesign of Accident Liability for the World of Autonomous
Vehicles”

Panel Ii:

Antitrust I (Room 208)

Panel Chair: Ezra Friedman
Edward Rock and Daniel L. Rubinfeld, “Common Ownership and CoordinatedEffects”
Aaron Edlin, Catherine Roux, Armin Schmutzler, and Christian Thöni, “Competition
Policy for Exclusionary Pricing: Experimental Evidence”
C. Scott Hemphill and Marcel Kahan, “The Strategies of Anticompetitive Common
Ownership”
10:30 – 11:00:

Coffee Break (Golding Lounge, 2nd Floor)

11:00 – 12:30:

Session II:

Panel IIA:

Taxation II (Room 202)

Panel Chair: Daniel N. Shaviro
Edward Fox and Jacob Goldin, “Sharp Lines and Sliding Scales in Tax Law”
Thomas J. Brennan and Daniel I. Halperin, “Distributed Deferral”
John R. Brooks and Adam J. Levitin, “Redesigning Education Finance: How Student
Loans Outgrew the "Debt" Paradigm”

Panel IIB:

Corporate II (Room 210)

Panel Chair: Robert Jackson
Lucian A. Bebchuk and Scott Hirst, “Index Funds and the Future of Corporate
Governance: Theory, Evidence, and Policy”
Ryan Bubb and Emiliano M. Catan, “The Party Structure of Mutual Funds”
Jesse M. Fried and Ehud Kamar, “Alibaba and the Rise of Law-Proof Insiders”

Friday (cont.)
Panel IIC:

Contracts II (Room 206)

Panel Chair: Kathryn SpierRam Singh, “Public Private Partnerships Vs. Traditional Contracts for Highways:
Does Choice of Contract Matter for Cost and Quality?”
Di Guo, Xinyu Hua, Kun Jiang, “Indemnification and Monitoring: Theory andEvidence from R&D Contracts”
Samuel I. Becher, Eberhard Feess, and Roee Sarel, “The Impact of the Endowment
Effect on the Law and Economics of Product Return Regulations”

Panel IID:

Political Economy II (Room 204)

Panel Chair: Claire S.H. Lim
Robert P. Inman and Daniel L. Rubinfeld, “The European Union: Federal Goverance
at the Crossroads”
Daniel Seligson and Anne McCants, “The Political Economy of Universal Monogamy”
Anna Harvey and Murat Mungan, “Policing For Profit: The Political Economy of Law
Enforcement”

Panel IIE:

Experimental Law and Economics II (Room 216)

Panel Chair: Jennifer Arlen
Christoph Engel and Rima Maria Rahal, “Justice is in the Eyes of the Beholder: Eye
Tracking Evidence on Balancing Normative Concerns in Torts Cases”
Ernst Fehr and Ivo Schurtenberger, “Normative Foundations of Human Cooperation”
Jimmy Chan, Alessandro Lizzeri, Pellumb Reshidi, Wing Suen, and Leeat Yariv,“Wald in the Lab”

Panel IIF:

Institutional Design of Courts (Room 220)

Panel Chair: Joshua Fischman
Yehonatan Givati and Israel Rosenberg, “How would Judges Compose Judicial
Panels? Theory and Evidence”
S. Alex Yang and Angela Huyue Zhang, “Crowd-Judging”
Alice Guerra, Barbara Luppi, and Francesco Parisi, “Designing Optimal Juries”

Friday (cont.)
Panel IIG:

Intellectual Property (Room 218)

Panel Chair: Amy Semet
Michael D. Frakes and Melissa F. Wasserman, “Irrational Ignorance at the Patent
Office”
Kristelia A. Garcia and Justin McCrary, “A Reconsideration of Copyright’s Term”
Michael Gelman and Eric Helland, “Do Paragraph IV Challenges Target Weaker
Patents?”

Panel IIH:

Torts II (Room 214)

Panel Chair: Steven Shavell
Hong Luo and Albert Galasso, “When Does Product Liability Risk Chill Innovation?
Evidence from Medical Implants”
Benjamin J. McMichael, R. Lawrence Van Horn, and W. Kip Viscusi, “The Impact ofCannabis Access Laws on Opioid Prescribing”
Clayton J. Masterman, “The Right Prescription: An Empirical Study of Naloxone
Access Laws and Fatal Opioid Overdoses”

Panel IIi:

Antitrust II (Room 208)

Panel Chair: Aaron Edlin
Jonathan M. Barnett, “Antitrust Overreach: Undoing Cooperative Standardization in
the Digital Economy”
Sean P. Sullivan and David Glasner, “The Logic of Market Definition”
Willem H. Boshoff, “The Economics of Post-Merger Review Decisions”

12:30 - 1:45:

Lunch - Sponsored by Analysis Group
Location: Greenberg Lounge (1st Floor)

Friday (cont.)
2:00 – 3:30:

Session III:

Panel IIIA:

Administrative/Regulation I (Room 202)

Panel Chair: Robert Sitkoff
David Hasen, “Rules, Standards and Detection”
Scott Baker and Anup Malani, “Compromising Accuracy to Encourage Regulatory
Participation”
Gregory A. Elinson and Robert H. Sitkoff, “Textualism and the Political Economy of
Uniform Acts”

Panel IIIB:

Corporate III (Room 210)

Panel Chair: Justin McCrary
Marcel Kahan and Edward Rock, “Index Funds and Corporate Governance: Let
Shareholders be Shareholders”
Ian Appel, Jordan Bulka, and Vyacheslav Fos, “Public Short Selling by Activist
Hedge Funds”
Barbara A. Bliss, Peter Molk, and Frank Partnoy, “Negative Activism”

Panel IIIC:

Contracts III (Room 206)

Panel Chair: Florencia Marotta-Wurgler
Daniel Markovits and Alan Schwartz, “Who Owns What? Re-Thinking Remedies in
Private Law”
Chong-en Bai, Wenzheng Mao, and Zhigang Tao, “Breach Inducement Activities andPerformance of Breach Remedies”
Victor Goldberg, “The Middleman’s Damages Revisited”

Panel IIID:

Securities I (Room 204)

Panel Chair: James Spindler
Colleen Honigsberg and Matthew Jacob, “Deleting Misconduct: The Expungement ofBrokerCheck Records”
Quinn Curtis, “Costs, Cross-Subsidies, and College Savings: Evaluating Section 529
Savings Plans”
Yoon-Ho Alex Lee, “A Model of Stock Market-Based Rulemaking”

Friday (cont.)
Panel IIIE:

Experimental Law and Economics III (Room 216)

Panel Chair: Claudia Landeo
Daniel Klerman and Holger Spamann, “Law Matters -- Less Than We Thought”
Kevin P. Tobia, “Testing Original Meaning: Do Dictionaries and Corpus Linguistics
Accurately Measure Meaning?”
Zhuang Liu, et al., “Judging Around the World: Experimental, Clickstream, andWriting Evidence from the Lab"

Panel IIIF:

Courts: Empirical Studies (Room 220)

Panel Chair: Anna Harvey
Joshua B. Fischman, “How Many Cases Are Easy?”
Sultan Mehmood, “Judiciary’s Achilles Heel: Executive Control via Appointment
Power”
Shitong Qiao and Chaoqun Zhan, “Procedural Justice or Procedural Excuse?: Strategic
Adjudication of Eminent Domain Cases in High People’s Courts”

Panel IIIG:

Patent Litigation (Room 218)

Panel Chair: Eric Helland
Shawn P. Miller, “There's No Place Like Home (To File your Patent Lawsuit)”
Leshui He, “A Theory of Pre-litigation Settlement and Patent Assertion Entities”
Amy Semet, “An Empirical Analysis of District Court Decision Making in Patent Law
Cases, 2008-2018”

Panel IIIH:

Criminal Law: Empirical I (Room 214)

Panel Chair: Sonja Starr
Yolanda Rebollo-Sanz, Jesús Rodríguez-López, and Núria Rodríguez-Planas,“Penalty-Point System, Deterrence and Road Safety: An Empirical Approach”
Bocar A. Ba and Roman G. Rivera, “The Effect of Police Oversight on Crime andAllegations of Misconduct: Evidence from Chicago”
Sam Krumholz, “Enforcing Compliance: The Case of Automatic License
Suspensions"Friday (cont.)
Panel IIIi:

Labor I (Room 208)

Panel Chair: Alison Morantz
Yuanting Wu, “Does Customer or Coworker Discrimination Prompt Employer
Advertisements for Attractive Employees?”
Andy Yuan and Price Fishback, “Decline of Benefits Due to Rising Burdens of Proof:
Evidence from Recent State Workers’ Compensation Legislation”
Katherine Lim, Alicia Miller, Max Risch, Eleanor Wilking, “Independent Contractor
or Employee? The Changing Relationship between Firms and their Workforce andPotential Consequences for the U.S. Income Tax”
3:30 – 4:00:

Coffee Break (Golding Lounge, 2nd Floor)

4:00 – 5:30:

Session IV:

Panel IVA:

Administrative/Regulation II (Room 202)

Panel Chair: Mathew Spitzer
Michael Simkovic and Ben Miao Zhang, “Measuring Regulation”
Brian Libgober, “Meetings, Comments, and the Distributive Politics of Rulemaking”
Claire S.H. Lim and Jee-Hun Choi, “The Political Economy of Medicaid: Ideology,
Eligibility, and the Consequences of Cost-Saving Measures”
Panel IVB:

Corporate IV (Room 210)

Panel Chair: Marcel Kahan
Thomas Bourveau, Francois Brochet, and Alexandre Garel, “The Effect of TenureBased Voting Rights on Stock Market Attractiveness: Evidence from the Florange Act”
Sarath Sanga and Eric Talley, Fiduciary Obligations in the Presence of Multiple
Classes of Stock”
Zohar Goshen and Assaf Hamdani, “Corporate Control and the Limits of Judicial
Review”

Panel IVC:

Bankruptcy I (Room 206)

Panel Chair: Prasad Krishnamurthy
John Eric Humphries, Nick Mader, Daniel Tannenbaum and Winnie van Dijk, “Does
Eviction Cause Poverty? Quasi-experimental Evidence from Cook County, IL”
Natasha Sarin, “Making Consumer Finance Work”
Edward R. Morrison and Belisa A. Pang, "Race and Bankruptcy"

Friday (cont.)
Panel IVD:

Compliance (Room 204)

Panel Chair: Geoffrey Miller
Stavros Gadinis and Amelia Miazad, “The Hidden Power of Compliance”
John Armour, Brandon Garrett, Jeffrey Gordon, and Geeyoung Min, “Board
Compliance”
Jeremy McClane and Yaron Nili, “Corporate Board Networks and the Impact of
Director Connections on Governance”

Panel IVE:

Institutional Economics (Room 216)

Panel Chair: Lisa Bernstein
Robert S. Gibbons, “Discord (and Repair?) in Relational Contracts”
Brian Silverman, Nicholas Argyres, and Luis A. Rios, “Organizational Change and the
Dynamics of Innovation: Formal R&D Structure and Intra-firm Inventor Networks”
Barry R. Weingast, “Organizational Economics of the Public Sector: The Growth ofState-capacity in the United States, 1877-1940”

Panel IVF:

Courts: Legal Accuracy (Room 220)

Panel Chair: Scott BakerÁlvaro Bustos, Pablo Bravo-Hurtado, and Antonio Aninat, “The (Other) Effects ofRestricting Access to Higher Courts: The Case of Wrongful Terminations in Labor
Contracts in Chile”
Michael D. Gilbert and Sean P. Sullivan, “Insincere Evidence”
Sepehr Shahshahani, “"The Fact-Law Distinction”

Panel IVG:

Imitation, Piracy, and Intellectual Property (Room 218)

Panel Chair: Jonathan Barnett
Mehmet I. Canayaz and Umit G. Gurun, “Knocking Off Firm Value”
Lubna Rahman, “Mobility Restrictions and Risk-Related Agency Conflicts: Evidence
from a Quasi-Natural Experiment”
Scott B. Guernsey, “Product Market Competition and Long-Term Firm Value:
Evidence from Reverse Engineering Laws”

Friday (cont.)
Panel IVH:

Criminal Law: Empirical II (Room 214)

Panel Chair: David Abrams
Aurelie Ouss and Megan Stevenson, “Evaluating the Impacts of Eliminating
Prosecutorial Requests for Cash Bail”
D. Mark Anderson, Joseph J. Sabia, and Erdal Tekin, “Child Access Prevention Laws
and Juvenile Firearm-Related Homicides”
John J. Donohue and Steven Levitt, “The Impact of Legalized Abortion on Crime over
the Last Two Decades”

Panel IVi:Labor II (Room 208)

Panel Chair: Jennifer Bennett Shinall
Stephen J. Choi, Mitu Gulati and Adam C. Pritchard, “Should I Stay or Should I Go?
The Gender Gap for SEC Attorneys”
Jeff Meli and James C. Spindler, “Salary History Bans and the Gender Wage Gap”
Jennifer Bennett Shinall, “Anticipating Accommodation”
5:30 – 6:30:

Cocktail Reception - Sponsored by NERA Economic Consulting
Location: Golding Lounge (2nd Floor)

6:30:

ALEA Annual Dinner
Location: Greenberg Lounge (1st Floor)

Saturday, May 18
8:00 – 9:00:

Continental Breakfast (Golding Lounge, 2nd Floor)

9:00 – 10:30:

Session V:

Panel VA:

Administrative/Regulation III (Room 202)

Panel Chair: Katrina Wyman
Jonathan R. Nash and Jonathan S. Masur, “The Problem of Regulatory Prediction”
Luigi Alberto Franzoni, “Legal Change in the Face of Risk Averse Subjects: A
Generalization of the Theory”
Joshua C. Macey and Jackson Salovaara, “Rate Regulation Redux”

Panel VB:

Corporate V (Room 210)

Panel Chair: Roberta Romano
Ofer Eldar, Jillian Grennan, and Katherine Waldock, “Common Ownership and Startup Growth”
María Gutiérrez Urtiaga and Antonio B. Vazquez, “Boards of Directors' Legal
Incentives and Firm Outcomes”
Patrick Bolton, Tao Li, Enrichetta Ravina, and Howard Rosenthal, “Investor
Ideology”

Panel VC:

Contracts IV (Room 206)

Panel Chair: Victor Goldberg
Eyal Zamir and Ori Katz, “Substituting Invalid Contract Terms: Theory andPreliminary Empirical Findings”
Samuel Issacharoff and Florencia Marotta-Wurgler, “The Hollowed Out Common
Law”
Roy Shapira, “Mandatory Arbitration and the Market for Reputation”

Panel VD:

Political Economy III (Room 204)

Panel Chair: Charles CameronDavid E. Pozen, Eric L. Talley, and Julian Nyarko, “A Computational Analysis ofConstitutional Polarization”
Rebecca Morton, “Ideology and Multilateral Legislative Bargaining”
Arpita Ghosh and James Rockey, “On the Political Economy of Felon
Disenfranchisement”

Saturday (cont.)
Panel VE:

Experimental Law and Economics IV (Room 216)

Panel Chair: Alexander Stremitzer
Dan Svirsky, “An Experiment on Inconsistent Privacy Preferences and the Role ofInformation Avoidance”
Meirav Furth-Matzkin and Roseanna Sommers, “Consumer Psychology and the
Problem of Fine Print Fraud”
Stephan Tontrup, “On the Debiasing Effect of Markets – How Trading for Profit
Eases Loss Aversion”

Panel VF:

Juries (Room 220)

Panel Chair: Jonah Gelbach
Scott Kostyshak and Neel U. Sukhatme, “Down to the Last Strike: The Effect of theJury Lottery on Conviction Rates”
David Abrams, Roberto Galbiati, Emeric Henry, and Arnaud Philippe, “When in
Rome...On Local Norms and Sentencing Decisions”
Sean Farhang, Michael E. Sobel, and Gregory J. Wawro, “Between Causation and
Association: The Role of Judges’ Race, Sex, and Party in EEOC Litigation Outcomes,
1996–2006”

Panel VG:

Intellectual Property and On-Line Markets (Room 218)

Panel Chair: Melissa Wasserman
Steffen Juranek, Thomas Quan, and John L. Turner, “Patents, Litigation Strategy andAntitrust in Innovative Industries”
Saul Levmore, “Piece Problems: Component Valuation in Marketing and in Patent andTort Law”
David L. Schwartz, Christopher A. Cotropia, and Jonathan S. Masur, “Gender
Discrimination in Online Markets”

Panel VH:

Torts III (Room 214)

Panel Chair: Avraham Tabbach
Daniel Hemel and Ariel Porat, “Free Speech and Cheap Talk”
Peter Siegelman and Gideon Parchomovsky, “Third Party Moral Hazard”
Ronen Avraham, Joachim Meyer, and Omer Pelled, “Allocation of Liability between
Internet Service Providers and End-Users - A Theoretical Perspective”

Saturday (cont.)
Panel Vi:International and Comparative Business Law (Room 208)

Panel Chair: Vikramaditya Khanna
Anu Bradford, Adam Chilton, Katerina Linos, and Alex Weaver, “The Global
Dominance of European Competition Law Over American Antitrust Law”
Shayak Sarkar, “The Corporate Costs of Human Rights Litigation: Market Evidence
from the Alien Tort Statute and Beyond”
Mariana Pargendler, “The Grip of Nationalism on Corporate Law”
10:30 – 11:00:

Coffee Break (Golding Lounge, 2nd Floor)

11:00 – 12:30:

Session VI:

Panel VIA:

Taxation III (Room 202)

Panel Chair: Ramona DagostinoAlex Rees-Jones, Kyle Rozema, “Price Isn’t Everything: Behavioral Response around
Changes in Sin Taxes”
Benjamin Hansen, Keaton Miller, and Caroline Weber, “Federalism, Partial
Prohibition, and Cross Border Sales: Evidence from Recreational Marijuana”
Alex Raskolnikov, “"Narratives versus Facts in Distributional Debates”

Panel VIB:

Corporate VI (Room 210)

Panel Chair: Edward RockJohn C. Coates, Darius Palia, and Ge Wu, “Are M&A Contract Clauses Value Relevant
to Bidder and Target Shareholders?”
Sean J. Griffith, “Outsourcing Information Risk: Representation and Warranty
Insurance in M&A Contracting”
Felix von Meyerinck, Alexandra Niessen-Ruenzi, Markus Schmid, and StevenDavidoff Solomon, “As California Goes, So Goes the Nation? The Impact of Board
Gender Quotas on Firm Performance and the Director Labor Market”

Saturday (cont.)
Panel VIC:

Bankrupty II (Room 206)

Panel Chair: Barry Adler
Michael Ohlrogge, “Bankruptcy Claim Dischargeability and Public Externalities:
Evidence from a Natural Experiment”
Jared A. Ellias and Robert J. Stark, “Bankruptcy Hardball”
Anthony J. Casey, “A Structured-Renegotiation Theory of Corporate Bankruptcy”

Panel VID:

Political Economy IV (Room 204)

Panel Chair: Anup Malani
Nicola Persico, Decio Coviello, and Andrea Ichino, “Measuring the Gains from Labor
Specialization”
Sanford C. Gordon and Dimitri Landa, “National Conflict in a Federal System”
Michael M. Ting, “The Political Economy of Governance Quality”

Panel VIE:

Arbitration: Experimental (Room 216)

Panel Chair: Orley Ashenfelter
Naomi Gershoni, “Individual vs Group Decision-Making: Evidence from a Natural
Experiment in Arbitration Proceedings”
Paul Pecorino, Michael Solomon, and Mark Van Boening, “Bargaining with
Voluntary Transmission of Private Information: An Experimental Analysis of Final
Offer Arbitration”
Andrea Cann Chandrasekher and David Horton, “Investigating the Source of the
Repeat Player Effect in Consumer Arbitration”

Panel VIF:

Courts: Collective Decisionmaking (Room 220)

Panel Chair: William Hubbard
Scott Baker and Claudio Mezzetti, “Analogical Persuasion”
Mehdi Shadmehr, Charles Cameron, Sepehr Shahshahani, “Coordination andInnovation in Judiciaries: Correct Law vs. Consistent Law”
Matthew Kovach and Alan D. Miller, “Sincerity and the Doctrinal Paradox”

Saturday (cont.)
Panel VIG:

Securities II (Room 218)

Panel Chair: Kathryn Judge
Vladimir Mukharlyamov and Natasha Sarin, “The Impact of the Durbin Amendment
on Banks, Merchants, and Consumers”
Antonio Falato, Diana Iercosan, and Filip Zikes, “Banks as Regulated Traders”
Luca Enriques, Alessandro Romano and Thom Wetzer, “Network-Sensitive Financial
Regulation”

Panel VIH:

Criminal Law: Theory I (Room 214)

Panel Chair: Nuno Garoupa
Andrew F. Daughety and Jennifer F. Reinganum, “Reducing Unjust Convictions: Plea
Bargaining, Trial, and Evidence Suppression/Disclosure”
A. Mitchell Polinsky and Steven Shavell, “Deterrence and the Adjustment ofSentences During Imprisonment”
Claudia M. Landeo and Kathryn E. Spier, “Optimal Law Enforcement with Ordered
Leniency”

Panel VIi:

Law and Development (Room 208)

Panel Chair: Kevin Davis
Benito Arruñada, “Experience versus Perception in Evaluating the Rule of Law”
Vikramaditya S. Khanna, “Law, Institutions and Economic Development: Insightsfrom the Development of the Home Mortgage Market in India”
Miguel F. P. de Figueiredo, et al., “Legal Origin from Outer Space”
12:30 –1:30:

Lunch (Greenberg Lounge, 1st Floor)

1:45 – 3:15:

Session VII:

Panel VIIA:

Taxation IV (Room 202)

Panel Chair: Ramsi Woodcock
Andrew T. Hayashi, “Recessionary Property Taxes”
Brian Galle, “The Tax Exemption for Charitable Property: An Empirical Assessment”
James R. Hines Jr. and Michael J. Keen, “Certain Effects of Uncertain Taxes”

Saturday (cont.)
Panel VIIB:

Corporate VII (Room 210)

Panel Chair: Henry Hansmann
Albert H. Choi, Andrew C.W. Lund, and Robert Schonlau, “Golden Parachutes andthe Limits of Shareholder Voting”
Daewoung Choi, David Cicero, and Shawn Mobbs, “CEO Marketability, Employment
Opportunities, and Compensation: Evidence from Compensation Peer Citations”
Adam B. Badawi and Elisabeth de Fontenay, “Contractual Complexity in Debt
Agreements: The Case of EBITDA”

Panel VIIC:

Bankruptcy III (Room 206)

Panel Chair: Frank Fagan
Nathaniel Pattison and Richard M. Hynes, “Asset Exemptions and Consumer
Bankruptcies: Evidence from Individual Filings”
Song Ma, Joy Tianjiao Tong, and Wei Wang, "Selling Innovation in Bankruptcy"
Aras Canipek, Axel Kind, and Sabine Wende, “The Ex Ante Effect of Creditor Rights
on Corporate Financial and Investment Policy”

Panel VIID:

Political Economy V (Room 204)

Panel Chair: Samuel Issacharoff
Elliott Ash, Daniel L. Chen, Wei Lu, “Motivated Reasoning in the Field: Partisanshipin Precedent, Prose, Vote, and Retirement in U.S. Circuit Courts, 1800-2013”
Richard H. Pildes, “Political Participation and Polarization”
Joshua Boston and Bernardo S. Silveira, “The Electoral Connection in Court: How
Sentencing Responds to Voter Preferences”

Panel VIIE:

Arbitration: Theory (Room 216)

Panel Chair: Richard Brooks
Paul Pecorino and Amy Farmer, “Discovery and Disclosure in a Signaling Model ofFinal Offer Arbitration”
Giuseppe Dari-Mattiacci and Lewis A. Kornhauser, “Adjudication by Experts”
Yijia Lu, “Economic Analysis of Hybrid Mechanisms: Arb-Med and Med-Arb as
Arbitral Innovations”

Saturday (cont.)
Panel VIIF:

Securities III (Room 220)

Panel Chair: Urska Velikonja
Joshua Mitts, “Short and Distort”
Sehwa Kim and Seil Kim, “Neglected Insider Trading in Stand-alone Banks”
Cindy R. Alexander, M. Nimalendran, and Lori Walsh, “Informational Value of U.S.
Securities Registration: Evidence from Secondary Public Offerings, 1994-2017”

Panel VIIG:

Criminal Law: Theory II (Room 218)

Panel Chair: Jennifer Reinganum
Shmuel Leshem and Avraham Tabbach, “On the Option Value of Record-Based
Sanctions”
Bertrand Chopard and Marie Obidzinski, “Public Law Enforcement under Ambiguity”
Murat C. Mungan, “Positive Sanctions versus Imprisonment”

Panel VIIH:

International Investment Law (Room 214)

Panel Chair: Adam Chilton
Alan O. Sykes, “The Economic Structure of International Investment Agreements with
Implications for Treaty Interpretation and Design”
Cree Jones and Weijia Rao, “Sticky BITs”
Weijia Rao, “Electoral Accountability and Settlement in Investor-State Arbitration”

3:15-4:00

Wine and Cheese Reception (Greenberg Lounge, 1st Floor)