NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Law and Economics Workshop

Daniel Kessler and W. Kip Viscusi, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

August 3 and 4, 2001

PRELIMINARY PROGRAM

FRIDAY, AUGUST 3:

12:00 N Lunch

1:00 PM BARRY ADLER, New York University

IAN AYRES, Yale University

Valuing Corporations in Bankruptcy Through Diluted Securities

in a Fixed-Price Action

Discussant: To Be Announced

1:45 PM Break

2:00 PM ALAN SCHWARTZ, Yale University

JOEL WATSON, UC, San Diego

The Law and Economics of Costly Contracting

Discussant: KATHRYN SPIER, Northwestern University and NBER

2:45 PM MITCH POLINSKY, Stanford University and NBER

DANIEL RUBINFELD, UC, Berkeley

Aligning the Interests of Lawyers and Clients

Discussant: JENNIFER REINGANUM, Vanderbilt University

3:30 PM Break

3:45 PM KEITH HYLTON, Boston University

VIKRAMADITYA KHANNA, Harvard University

Towards an Economic Theory of Pro-defendant Criminal Procedure

Discussant: SUZANNE SCOTCHMER, UC, Berkeley and NBER

SI01 LE program

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4:30 PM LUCIAN BEBCHUK, Harvard University and NBER

JOHN C. COATES and GUHAN SUBRAMANIAN, Harvard University

The Antitakeover Power of Classified Boards:

Theory, Evidence, Policy

Discussant: ROBERTA ROMANO, Yale University

5:15 PM Adjourn

6:00 PM Group Dinner

Davio's Restaurant

Royal Sonesta Hotel

Cambridge, MA

SATURDAY, AUGUST 4:

9:00 AM Coffee and Doughnuts

9:30 AM AVNER BAR-ILAN, University of Haifa

BRUCE SACERDOTE, Dartmouth College and NBER

The Response to Fines and Probability of Detection in

a Series of Experiments

Discussant: JOEL WALDFOGEL, University of Pennsylvania and NBER

10:15 AM Break

10:30 AM W. KIP VISCUSI, Harvard University and NBER

RICHARD ZECKHAUSER, Harvard University and NBER

The Denominator Blindness Effect:

Accident Frequencies and the Misjudgment of Recklessness

Discussant: DANIEL KLERMAN, University of Southern California

11:15 AM Break

11:30 AM PHILIP COOK, Duke University and NBER

JENS LUDWIG, Georgetown University

The Net Effect of Community Gun Prevalence on Burglary

Discussant: EDWARD GLAESER, Harvard University and NBER

12:15 PM Adjourn

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