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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC
SUMMER INSTITUTE 2009
Law and Economics Program Meeting
Christine Jolls, Organizer
Royal Sonesta Hotel
Room University B and C
40 Edwin H. Land Blvd.
Cambridge, Massachusetts
July 22-23, 2009
PROGRAM
WEDNESDAY, JULY 22:
8:00 am	Coffee and Pastries
8:30 am	ALBERT CHOI, University of Virginia School of Law
	Shrink Wraps: Who Should Bear the Cost of Communicating Mass-Market Contract Terms?
	(Joint with Yeon-Koo Che, Columbia University)
	Discussant: LOUIS KAPLOW, Harvard Law School and NBER
9:25 am	OLIVER HART, Harvard University and NBER
	(Joint with Bengt Holmstrom, MIT and NBER)
	A Theory of Firm Scope
	Discussant: AARON EDLIN, UC, Berkeley and NBER
10:20 am	Break
10:35 am	ALAN SCHWARTZ, Yale Law School
	(Joint with Joel Watson, UC, San Diego)
	Describability and Contract Interpretation
	Discussant: ABRAHAM WICKELGREN, University of Texas Law School
11:30 am	Break
11:45 am	VIRAL V. ACHARYA, Stern School, New York University
	(Joint with Ramin Baghai-Wadji, London Business School, and Krishnamurthy Subramanian, Goizueta Business School, Emory University)
	Labor Laws and Innovation
	Discussant: RADHA IYENGAR, London School of Economics and NBER
12:40 pm	Lunch
1:30 pm	DAVID S. ABRAMS, University of Pennsylvania Law School
	Did TRIPS Spur Innovation? An Empirical Analysis of Patent Duration and Incentives to Innovate
	Discussant: DANIEL RUBINFELD, UC, Berkeley and NBER
Corporate Law and Investor Protection (co-organized with Lucian Bebchuk)
2:25 pm	ALLEN FERRELL, Harvard Law School
	(Joint with Martijn Cremers, Yale School of Management)
	Thirty Years of Corporate Governance: Determinants & Equity Prices
	Discussant: RANDALL MORCK, School of Business, University of Alberta and NBER
3:20 pm	Break
3:35 pm	DALIDA KADYRZHANOVA, Robert H. Smith School of Business, University of Maryland
	(Joint with Kose John, Stern School, New York University)
	Agency Costs of Idiosyncratic Volatility, Corporate Governance, and Investment
	Discussant: BRUCE CARLIN, Anderson School, UC, Los Angeles, and NBER
4:30 pm	LI JIN, Harvard Business School
	(Joint with Zhonglan Dai, School of Management, University of Texas, Dallas and Weining Zhang, School of Management, University of Texas, Dallas)
	Litigation Risk and Executive Compensation
	Discussant: JUSTIN WOLFERS, Wharton School, University of Pennsylvania, and NBER
5:25 pm	Adjourn
6:30 pm	Group Dinner, Restaurant Dante, Royal Sonesta Hotel
THURSDAY, JULY 23:
8:15 am	Coffee and Pastries
8:45 am	J.J. PRESCOTT, University of Michigan Law School
	KATHRYN SPIER, Harvard Law School and NBER
	(Joint with Albert Yoon, University of Toronto Faculty of Law)
	Trial and Settlement: A Study of High-Low Agreements
	Discussant: ANDREW DAUGHETY, Vanderbilt University
9:40 am	RICHARD T. BOYLAN, Rice University
	(Joint with Naci Mocan, Louisiana State University and NBER)
	Intended and Unintended Consequences of Prison Reform
	Discussant: JONAH ROCKOFF, Columbia Business School and NBER
10:35 am	Break
Special session on judges and lawyers
10:50 am	CLAIRE LIM, Graduate School of Business, Stanford University
	Turnover and Accountability of Appointed and Elected Judges
	Discussant: DANIEL KLERMAN, University of Southern California Law School
11:45 am	PAUL OYER, Graduate School of Business, Stanford University, and NBER
	(Joint with Scott Schaefer, University of Utah)
	The Returns to Attending a Prestigious Law School
	Discussant: HANMING FANG, University of Pennsylvania and NBER
12:40 pm	Lunch
Special session on consumer protection
1:30 pm	VIKRANT VIG, London Business School
	(Joint with Tomasz Piskorski, Columbia Business School and Amit Seru, Booth School of Business, University of Chicago)
	Securitization and Distressed Loan Renegotiation: Evidence from the Subprime Mortgage Crisis
	Discussant: JEREMY TOBACMAN, Wharton School, University of Pennsylvania and NBER
2:25 pm	ERIC ZITZEWITZ, Dartmouth College
	(Joint with Jonathan Zinman, Dartmouth College)
	Snowed: Deceptive Advertising by Ski Resorts
	Discussant: KIP VISCUSI, Vanderbilt University and NBER
3:20 pm	Break
3:35 pm	MARK HOEKSTRA, University of Pittsburgh
	(Joint with Paige Marta Skiba, Vanderbilt University Law School and Scott Hankins, College of Public Health, University of Kentucky)
	The Ticket to Easy Street? The Financial Consequences of Winning the Lottery
	Discussant: BETSEY STEVENSON, Wharton School, University of Pennsylvania, and NBER
4:30 pm	RYAN BUBB, Harvard University
	(Joint with Alex Kaufman, Harvard University)
	Consumer Biases and Firm Ownership
	Discussant: XAVIER GABAIX, Stern School, New York University, and NBER
5:25 pm	Adjourn