ESSET 2014 - Papers (Week One)

Week one - Law and Economics


Monday 30 June

08.30 - 09.30 Banks Are Where The Liquidity Is

*Oliver Hart (Harvard University and NBER) with Luigi Zingales (University of Chicago and CEPR)

20.30 - 21.00  Why Plaintiffs'  Attorneys Use Contingent and Defense Attorneys Fixed Fee Contracts

*Winand Emons (University of Bonn and CEPR) with Claude Fluet (Université du Québec à Montréal, CIRPÉE)

20.30 - 21.00 The Emergence of the Corporate Form

*Giuseppe Dari Mattiacci (University of Amsterdam) with Oscar Gelderblom (Utrecht University), Joost Jonker (Utrecht University) and Enrico Perotti (University of Amsterdam and CEPR)

21.00 - 21.30 Identity Utility and Other-Regarding Preferences: An Experimental Study

Michael Kurschilgen (Max-Planck Institute for Research on Collective Goods)

21.00 - 21.30 Information Monopoly

*Tymofiy Mylovanov (Penn State University) with Ming Li (Concordia University) and Andriy Zapechelnyuk (University of Glasgow)


Tuesday 1 July

Focus Session on Contracting for Innovation

08.30 - 09.15 Introduction

Robert Scott (Columbia Law School)

09.15 - 10.00 Scaffolding: Using Formal Contracts to Build Informal Relations to Support Innovation

Gillian Hadfield (University of Southern California Law School)

20.30 - 21.00 Research and the Approval Process

*Marco Ottaviani (Bocconi University and CEPR) with Emeric Henry (Sciences-Po Paris and CEPR)

20.30 - 21.00 Product Liability versus Reputation

*Juan Jose Ganuza Fernandez (Universitat Pompeu Fabra) with Fernando Gomez (Universitat Pompeu Fabra, and NYU School of Law) and Marta Robles (ITAM)

21.00 - 21.30 Information Aggregation in Competing Common Value Auctions

*Alp E Atakan (Koc University) with Mehmet Ekmekci (Boston College)

21.00 - 21.30 The Role of Communication of Performance Schemes: Evidence from a Field Experiment

*Andreas Roider (University of Regensburg and CEPR) with Florian Englmaier (LMU Munich) and Uwe Sunde (LMU Munich and CEPR)


Wednesday 2 July

Focus Session on Regulatory Dualism

08.30 - 09.15 Regulatory Dualism as a Development Strategy: Corporate Reform in Brazil, the United States and the European Union

Ronald Gilson (Stanford University) and Henry Hansmann (Yale Law School) with Mariana
Pargendler (Yale Law School)

09.15 - 10.00 The Limits of Model-Based Regulation

Vikrant Vig (London Business School and CEPR)

20.30 - 21.00 Endogenous Contractual Externalities

*Emre Ozdenoren (London Business School and CEPR) with Kathy Yuan (London School of Economics and CEPR)

20.30 - 21.00 A Strict Liability Regime for Rating Agencies

*Alessio Pacces (Erasmus Universiteit Rotterdam) with Alessandro Romano (Erasmus University Rotterdam and LUISS)

21.00 - 21.30 Staggered Boards and Firm Value, Revisited

*Simone Sepe (The University of Arizona), K. J. Martijn Cremers (University of Notre Dame) and Lubomir P. Litov (The University of Arizona and University of Pennsylvania)

21.00 - 21.30 Jointly Optimal Regulation of Bank Capital and Maturity Structure

Ansgar Walther (University of Oxford)


Thursday 3 July

Focus Session on Bank Resolution

08.30 - 09.15 Introduction

Patrick Bolton (Columbia University and CEPR) and Jeffrey Gordon (Columbia Law School)

09.15 - 10.00 The Law and Economics of Bank Resolution

Paper - ASC Report (2012) - Forbearance, resolution and deposit insurance


Martin Hellwig (Max-Planck Institute for Research on Collective Goods)

10.00 - 11.15 Panel discussion

Mathias Dewatripont (National Bank of Belgium and CEPR) - Slides

Gerard Hertig (ETH-Zentrum)

Wolf-Georg Ringe (Copenhagen Business School) - Paper (via SSRN website)

Paul Tucker (Harvard University) - Essay

20.30 - 21.00 Procuring Variety

*Armin Schmutzler (University of Zurich and CEPR) with Igor Letina (University of Zurich)

20.30 - 21.00 Synthetic or Real? The Equilibrium Effects of Credit Default Swaps on Bond Markets

*Martin Oehmke (Columbia University) with Adam Zawadowski (Boston University)

21.00 - 21.30 The resolution of financial distress with ex-territorial assets: a study of the shipping industry

*Oren Sussman (University of Oxford) with Julian Franks (London Business School and CEPR) and Vikrant Vig (London Business School and CEPR)

21.00 - 21.30 What shall we do with the bad dictator?

*Tim Willems (University of Oxford) with Shaun Larcom (University of Cambridge) and Mare Sarr (UCT)


Friday 4 July

08.30 - 09.30 A Theory of Vote-Trading and Information Aggregation

*Lucy White (Harvard Business School and CEPR) with Peter Esö (University of Oxford) and Stephen Hansen (Universitat Pompeu Fabra)

10.00 - 11.00 Self Control and Liquidity: How to Design a Commitment Contract

*Christopher Harris (University of Cambridge) with John Beshears (Harvard University and NBER), James J. Choi (Yale University and NBER), David Laibson (Harvard University and NBER), Brigitte C. Madrian (Harvard University and NBER) and Jung Sakong (University of Chicago)