Midwestern Law and Economics Conference

The Ninth Annual Meeting of the
Midwestern Law and Economics Association

NOTRE DAME LAW SCHOOL
OCTOBER 9-10, 2009

Conference Schedule

Friday, October 9th
8:30 am – 9:00 am Breakfast 2130 Eck Hall of Law
 
Session I
9:00 am – 10:30 am Panel A: Torts & Health Care
Moderator: O. Carter Snead (Notre Dame)

Barbara Luppi (Modena—Economics) & Francesco Parisi (Minnesota)
   “Forgiving Overconfidence in Tort Law”

Adam Candeub (Michigan State)
   “Signals, Warranty and the Healthcare Contract”

Robert Katz (IU—Indianapolis)
   “The Tissue Transplantation Industry: A Case Study in How Market Actors Can Reduce Transaction Costs by Economizing on Moral Externalities”
3108 Eck Hall of Law
 
  Panel B: Procedure
Moderator: Joseph Bauer (Notre Dame)

David Hyman (Illinois), Bernard Black (Texas), and Charles Silver (Texas)
   “Waiting for the Big One: The Economics of Plaintiff-Side Personal Injury Litigation”

Paul Stancil (Illinois)
   “Close Enough for Government Work: The Committee Rulemaking Game”

Royce Barondes (Missouri)
   "ABA Ratings of Federal District Court Judges and Likelihood of a Shepard’s Warning Signa"
2171 Eck Hall of Law
 
10:30 am – 10:45 am Break 2130 Eck Hall of Law
 
Session Il
10:45 am – 12:15 pm Panel A: Corporate I
Moderator: Margaret Brinig (Notre Dame)

Robert Rhee (Maryland)
   “Bonding Limited Liability”

Brian Broughman (IU-Bloomington) & Jesse Fried (Harvard)
    "Do Venture Capitalists use Inside Rounds to Dilute Entrepreneurs? Evidence from Silicon Valley"

Elizabeth Brown (Georgia State—Business)
   “A Comparison of the Handling of the Financial Crisis in the United States, the United Kingdom, and Australia”
3108 Eck Hall of Law
 
  Panel B: Property I
Moderator: Nicole Garnett (Notre Dame)

Jeffrey Stake (IU-Bloomington)
   “Just Compensation”

Brian Lee (Brooklyn)
    “Compensation for Emergency Destruction”

Daniel Kelly (Notre Dame)
   "Strategic Spillovers"
2171 Eck Hall of Law
 
12:15 pm – 1:30 pm Lunch 2130 Eck Hall of Law
 
Session Ill
1:30 pm – 3:00 pm Panel A: Contracts
Moderator: Lisa Casey (Notre Dame)

Barbara Luppi (Modena—Economics) & Francesco Parisi (Minnesota)
   “Optimal Remedies for Bilateral Contracts”

Amitai Aviram (Illinois)
   “Pro-cyclical Effects of a Common Response to Financial Crises”

Gerrit de Geest (Washington University—St. Louis)
   “A Method to Reduce Indeterminacy in Law and Economics without Hard Data, with an Application to Contract Remedies”
3140 Eck Hall of Law
 
  Panel B: Property II
Moderator: Daniel Kelly (Notre Dame)

Judith Fox (Notre Dame) & Richard Williams (Notre Dame—Sociology)
    "Foreclosures in St. Joseph County, Indiana, 2001-2007"

Margaret Brinig (Notre Dame) & Nicole Garnett (Notre Dame)
    "Catholic Schools, Urban Neighborhoods, and Education Reform"
3108 Eck Hall of Law
 
3:00 pm – 3:15 pm Break 2130 Eck Hall of Law
 
Session IV
3:15 pm – 4:45 pm Panel A: Criminal Law and Welfare Economics
Moderator: Robert Blakey (Notre Dame)

Robert Mikos (Vanderbilt)
    "Crime Doesn’t Pay: Some Realism about Taxing Marijuana"

Marcello Basili (Siena—Economic Policy), Simona Benedettini (Siena—Economics), and Antonio Nicita (Siena—Economics)
   “Compliance and Deterrence in Traffic Law Enforcement: The Case of Penalty Points”

Jonathan Masur (Chicago), John Bronsteen (Loyola), and Christopher Buccafusco (Chicago-Kent)
    "Well Being Analysis"
3140 Eck Hall of Law
 
  Panel B: Intellectual Property and Competition Law
Moderator: Mark McKenna (Notre Dame)

Ted Sichelman (San Diego)
   “Quantum Game Theory and Cooperation in Intellectual Property”

Dave Schwartz (Chicago-Kent)
   "The Efficacy of Doctrinal Reallocation at the Federal Circuit"

Shahar Dillbary (Alabama)
   "Predatory Bundling and the Exclusionary Standard"
2172 Eck Hall of Law
 
5:00 pm – 8:00 pm Cocktail Hour and Banquet The Commons Eck Hall of Law
 
Saturday, October 10th
8:30 am – 9:00 am Breakfast The Commons Eck Hall of Law
 
Session V
9:00 am – 10:30 am Panel A: Corporate II
Moderator: Julian Velasco (Notre Dame)

Claire Hill (Minnesota) & Brett McDonnell (Minnesota)
   “Avoiding Short Term Management: Can Better Corporate Governance Prevent Future Crises?”

Matthew Bodie (Saint Louis) & Grant Hayden (Hofstra)
   “The Shareholder Franchise and the Myth of Contract”

Colleen Baker (Pennsylvania—Business)
   “Regulating the Invisible: The Case of Over-The-Counter Derivatives”
3130 Eck Hall of Law
 
  Panel B: Environmental
Moderator: Thomas Ulen (Illinois)

Stephanie Holmes (Northwestern—Management)
    "The Delay Cost of Climate Change Inaction"

Shi-Ling Hsu (British Columbia)
   "Nine Reasons to Adopt a Carbon Tax"

Jay Kesan (Illinois)
   “An Economic Evaluation of the Renewable Fuel Standard (RFS) Bio-fuel Program: An Industrial Policy Approach”
3140 Eck Hall of Law
 
10:30 am – 10:45 am Break 2130 Eck Hall of Law
 
Session Vl
10:45 am -12:15 pm Panel A: Tax
Moderator: Lee Fennell (Chicago)

Leandra Lederman (IU-Bloomington)
    “A Tisket, A Tasket: Tax Basketing”

Michael Bommarito II (Michigan—Political Science), Lilian Faulhaber (Harvard—Climenko), and Daniel Katz (Michigan—Political Science)
   "A Tale of Two Codes: An Empirical Analysis of the Jurisprudence of the United States Tax Court (1990-2008)"

Thomas Brennan (Northwestern)
   “The Tax Consequences of a Non-Flat Yield Curve for Debt Instruments and Interest Rate Swaps”
3130 Eck Hall of Law
 
  Panel B: Associations
Moderator: Lloyd Mayer (Notre Dame)

Robert Katz (IU-Indianapolis) & Antony Page (IU-Indianapolis)
   “Social Enterprises: What Are They, What Special Agency Problems Do They Present, and Can Organizational Law Address These Problems?”

Larry Ribstein (Illinois)
    "The Death of Big Law"

Matthew Dimick (Georgetown – Fellow)
    "Revitalizing Labor Union Democracy: : Labor Law, Bureaucracy, and Workplace Association"
3140 Eck Hall of Law
 
12:15 pm – 1:30 pm Lunch The Commons Eck Hall of Law
 
Session Vll
1:30 pm – 3:00 pm Panel A: Bankruptcy, Consumer, Tax
Moderator: Kenneth Dau-Schmidt (IU-Bloomington)

Christopher Drahozal (Kansas) & Samantha Zyontz (Northwestern—Searle)
   “Private Regulation of Consumer Arbitration”

Ajay Mehrotra (IU-Bloomington—History/Law)
    "American Economic Development, Managerial Corporate Capitalism, and the Institutional Foundations of the Modern Income Tax"
3130 Eck Hall of Law
 
  Panel B: Procedure II
Moderator: Stephen Smith (Notre Dame)

Thomas Jeitscho (Michigan State—Economics)
   "Informational Implications of Pre-Trial Motions: Learning about Case Strength and Settlement"

Jonathan Nash (Emory)
   “Instrument Choice in Federal Court Jurisdiction: Rules, Standards, and Discretion”

Brian Fitzpatrick (Vanderbilt)
    "Class Action Settlements and Their Fee Awards"
3140 Eck Hall of Law
 
5:00 pm – 8:00 pm Dinner at Peg Brinig’s 15800 Preswick Lane Granger, Indiana

Papers were due to Margaret Brinig by July 1, 2009, for greatest chance of acceptance.

A block of rooms has been reserved at the Inn at Saint Mary’s for $130 per night. Meals during the conference will be provided. A shuttle bus runs from the South Bend Airport to the Inn. Other airport transportation can be arranged.

Program organizers Peg Brinig, mbrinig@nd.edu and Dan Kelly. Conference administrator, Rosalind Alexander, rosalind.alexander.58@nd.edu, (574) 631-8058.

Please let Rosalind know if you have special dietary needs.