Law and Economics
The Law & Economics Colloquium is sponsored by the Searle Center on Law, Regulation, and Economic Growth. This is an advanced seminar that brings together outside scholars, resident faculty, and Northwestern students for discussions on cutting-edge research papers in the law and economics field. During the course of the colloquium, a leading scholar will present a paper growing out of his or her research in the law and economics. Presenters will receive valuable feedback and suggestions for how to expand or improve their research and Northwestern Law students and faculty will gain a broader understanding of the relation of law and economic theory.
Spring 2012
Organized by Professors Bernard Black and Katherine Litvak
January 18
Diane Schanzenbach, Faculty Fellow, Institute for Policy Research, Associate Professor, Human Development and Social Policy, Northwestern Education and Social Policy
"Food Stamps in the Long Run"
"Inside the War on Poverty: The Impact of Food Stamps on Birth Outcomes"
January 25
Valeri Nikolaev, Assistant Professor of Accounting, The University of Chicago Booth School of Business
"Scope for Renegotiation and Debt Contract Design"
February 8
Yael Hochberg, Assistant Professor of Finance, Kellogg School of Management
"Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments"
February 15
David Schwartz, Assistant Professor of Law, IIT Chicago-Kent College of Law
The Rise of Contingent Fee Representation in Patent Litigation
February 29
Tom Ginsburg, Leo Spitz Professor of International Law and Professor of Political Science, The University of Chicago Law School
March 7
Lisa Bernstein, Wilson-Dickinson Professor of Law, The University of Chicago Law School
April 4
Alan Sykes, James and Patricia Kowal Professor of Law, Stanford Law School
April 11
Allen Ferrell, Harvey Greenfield Professor of Securities Law, Harvard Law School
"Corporate Governance and Stock Returns"
Fall 2011
Organized by Professors Ken Ayotte and Ezra Friedman.
September 15
Daniel Chen, Assistant Professor of Law and Economics, Duke Law School
"Insiders and Outsiders: Does Forbidding Sexual Harassment Exacerbate Gender Inequality?"
September 22
Louis Kaplow, Finn M. W. Caspersen and Household International Professor of Law and Economics, Harvard Law School
"Burden of Proof"
October 6
Abe Wickelgren, Bernard J. Ward Professor in Law, The University of Texas at Austin School of Law
"Anti-Competitive Exclusion and Market Division Through Loyalty Discounts"
October 13
David Smith, C. Coleman McGehee Research Associate Professor of Banking and Commerce, University of Virginia, School of Commerce
"The Ownership and Trading of Debt Claims in Chapter 11 Restructurings"
October 27
Camelia Kuhnen, Associate Professor of Finance, Northwestern University, Kellogg School of Management
"Neuroeconomics: How do Financial Decisions Come About?"
All of the papers referenced in these slides can be found on Professor Kuhnen's website.
November 3
Alexander Stremitzer, Acting Professor of Law, UCLA School of Law
"Framing Contracts: Why Loss Framing Increases Effort"
November 17
Henry Smith, Fessenden Professor of Law, Harvard Law School
"An Economic Analysis of Law Versus Equity"
November 29
Ryan Bubb, Assistant Professor of Law, New York University School of Law
Spring 2011
Organized by Professors Bernard Black and Kate Litvak. The colloquia will take place at 4 p.m. in Rubloff 150 on the dates listed below.
January 24
Scott A. Baker, Professor of Law and Interim Director IP & Technology Law Program, Washington University at St. Louis Law School
"On Accuracy of Third Party Audits"
January 31
Edward R. Morrison, Harvey R. Miller Professor of Law and Economics, Columbia Law School
"Mortgage Modification and Strategic Default: Evidence from a Legal Settlement with Countrywide"
February 18 - (12 p.m.; McCormick 375)
Justin McCrary, Assistant Professor, University of California, Berkeley School of Law
"Dynamic Perspectives on Crime"
February 21
David A. Weisbach, Walter J. Blum Professor of Law and Kearney Director of the Program in Law and Economics, University of Chicago Law School
"Knowledge of the Tax Law"
March 10 - (12 p.m.)
Jesse M. Fried, Professor of Law, Harvard Law School
"Share Repurchases, Equity Issuances, And The Optimal Design Of Executive Pay"
March 28
Eric French, Chicago Federal Reserve Board
"The Effect of Disability Insurance Receipt on Labor Supply"
April 4
Randall Morck, Stephen A. Jarislowsky Distinguished Chair in Finance and University Professor, Alberta School of Business
"Adoptive Expectations"
April 11
Albert Yoon, Associate Professor, University of Toronto Faculty of Law
"The Labor Market for Law Professors"
Fall 2010
Organized by Professors Ezra Friedman and Max Schanzenbach. The colloquia will take place at 4 p.m. in Rubloff 339 on the dates listed below.
September 16
Ken Ayotte, Professor of Law, Northwestern University School of Law
"Economic and Legal Entities as Transferable Bundles of Contracts"
September 23
Randall Picker, Paul H. and Theo Leffmann Professor of Commercial Law, The University of Chicago School of Law
"The Razors-and-Blades Myth"
October 1
David Yermack, Albert Fingerhut Professor of Finance and Business Transformation, New York University
"Deferred Compensation, Risk, and Company Value: Investor Reactions to CEO Incentives"
October 7
Nicola Persico, Professor of Economics, Law and Society, New York University
"Selecting a Standard of Evidence that Promotes the Efficient Amount of Litigation"
October 28
Wei Jiang, Associate Professor, Finance and Economics, Columbia University
"Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide"
November 4
Eric Talley, Rosalinde and Arthur Gilbert Professor of Law, University of California, Berkley
"Left, Right, and Center: Strategic Information Acquisition and Diversity in Judicial Panels"
November 18
David Abrams, Assistant Professor of Law, Business, and Public Policy, University of Pennsylvania Law School
"Building Criminal Capital vs Specific Deterrence: The Effect of Incarceration Length on Recidivism"
December 2
Sumit Agarwal, Federal Reserve Bank of Chicago
"Market-Based Loss Mitigation Practices for Troubled Mortgages Following the Financial Crisis"
Spring 2010
Organized by Professors Ezra Friedman and Andrea Chandrasekher. The colloquia will take place at 4 p.m. in Rubloff 175 on the dates listed below.
January 21
Lorens Helmchen, Assistant Professor, School of Public Health and Institute of Government and Public Affairs University of Illinois at Chicago.
"How Does Proactive Disclosure of Medical Error Affect Settlement, Suit, and the Accuracy of Compensation and Deterrence?"
January 28
Stuart Graham, Assistant Professor, Georgia Tech, College of Management.
"Separating Patent Wheat from Chaff: Would the U.S. Benefit from Adopting a Patent Post-Grant Review?"
February 11
Alan Jagolinzer, Assistant Professor of Accounting, Stanford Graduate School of Business,
"Performance Based Incentives for Internal Monitors"
February 18
Claudia Landeo, Associate Professor of Economics, University of Alberta, Department of Economics (Visiting Northwestern)
"Naked Exclusion: An Experimental Study of Contracts with Externalities"
March 4
Jonathan Guryan, Associate Professor of Economics, University of Chicago Booth School of Business,
"Birth Cohort and the Black-White Achievement Gap: The Roles of Access and Health Soon After Birth"
March 11
Marianne Bitler, Associate Professor of Economics, University of California Irvine,
"Insurance Mandates and Mammography"
April 8
Anna Aizer, Assistant Professor of Economics and Public Policy, Brown University,
"Juvenile Incarceration and Adult Outcomes: Evidence from Randomly-Assigned Judges"
April 15
Jiro Kondo, Assistant Professor of Finance, Kellogg School of Management,
"Vagueness as Adjudicator Authority: Theory and Evidence on Contract Vagueness and Enforcement Evaluation"
Fall 2009
Organized by Professor Max Schanzenbach, Benjamin Mazur Professor of Law and Professor Kenneth Ayotte, Associate Professor of Law. The colloquia will take place at 4 p.m. in Schachtman-Gordon Hall (Rubloff 339) on the dates listed below.
September 17
Paola Sapienza, Professor, Kellogg School of Management, Northwestern University
"Moral and Social Constraints to Strategic Default on Mortgages"
September 24
Thomas J. Miles, Assistant Professor of Law, University of Chicago
"Racial Disparities in the Allocation of Wiretap Applications across Federal Judges"
October 8
Emily Owens, Assistant Professor, Policy Analysis and Management, Cornell University
"Media and the Criminal Justice System"
October 15
David A. Matsa, Assistant Professor, Kellogg School of Management
"Growing Out of Trouble? Managerial Responses to Risk of Corporate Liability"
October 29
Richard Hynes, Professor of Law, University of Virginia
"Why Banks are Not Allowed in Bankruptcy"
November 5
Shmuel Leshem, Assistant Professor of Law, University of Southern California
"The Benefits of a Right to Silence for the Innocent"
"Appendix"
November 19
Jens C. Dammann, Professor of Law, University of Texas
"Where Are Limited Liability Companies Formed? An Empirical Analysis"
December 1
Jens Ludwig, Professor, University of Chicago Law School & Harris School of Public Policy
"The Effects Of School Desegregation On Crime"
Spring 2009
Organized by Professor Ezra Friedman. The colloquia will take place at 4 p.m. in Rubloff 175 on the dates listed below.
January 22
Eric Posner, Kirkland and Ellis Professor of Law, University of Chicago Law School
"The Rights of Migrants" (coauthored with Adam B. Cox)
January 29
Robert Marquez, Craig & Rhonda Cerny Professor in Finance, W.P. Carey School of Business, Arizona State University
"Stakeholder Capitalism, Corporate Governance and Firm Value"
February 12
Jonah Gelbach, Associate Professor of Economics, Eller College of Management, University of Arizona
"Valid Inference in Single-Firm, Single-Event Studies Used in Scholarship and Securities Litigation: A Research Agenda
March 5
Chris Sanchirico, Professor of Law, Business, and Public Policy, University of Pennsylvania Law School
"A Critical Look at the Economic Argument for Taxing Only Labor Income"
March 12
Lee Fennell, Professor of Law, University of Chicago Law School
"Adjusting Alienability"
April 6
Albert Choi, Professor of Law, University of Virginia School of Law
"Shrink Wraps: Who Should Bear the Cost of Communicating Mass-Market Contract Terms"
April 9
Adam Badawi, Bigelow Teaching Fellow and Lecturer in Law, University of Chicago Law School
"Harm, Ambiguity, and the Regulation of Illegal Contracts"
April 16
Gillian Hadfield, Richard L. and Antoinette S. Kirtland Professor of Law and Professor of Economics, USC Gould School of Law
"The Dynamic Quality of Law: The Role of Judicial Incentives and Legal Human Capital in the Adaptation of Law"
