Law and economics.

• Position: Program and Working Group Meetings

The NBER's Program on Law and Economics, directed by Christine Jolls of Yale Law School, met in Cambridge on February 10, 2012. These papers were discussed:

* Zhiguo He, University of Chicago, and Gregor Matvos, University of Chicago and NBER, "Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?"

* Alberto F. Alesina, Harvard University and NBER; Yann Algan, Sciences Po; Pierre Cahuc, Ecole Polytechnique; and Paola Giuliano, University of California, Los Angeles and NBER, "Family Values and the Regulation of Labor" (NBER Working Paper No. 15747)

* Ernst Fehr, University of Zurich; Oliver D. Hart, Harvard University and NBER; and Christian Zehnder, University of Lausanne, "How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?" (NBER Working Paper No. 17545)

* Steven Shavell, Harvard University and NBER, "A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation"

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