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 March 25, 2011. These papers were discussed:

* Jonathan B. Cohn and Jay C. Hartzell, University of Texas at Austin, and Stuart L. Gillan, Texas Tech University, "On the Optimality of Shareholder Control: Evidence from the Dodd-Frank Financial Reform Act"

* Kenneth Ayotte, Northwestern University, and Henry Hansmann, Yale University, "A Nexus of Contracts Theory of Legal Entities"

* Kathryn E. Spier, Harvard University and NBER, and Albert Choi, University of Virginia, "Should Consumers be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection"

* Joel Waldfogel, University of Minnesota and NBER, "Bye, Bye, Miss American Pie ? The Supply of New Recorded Music Since Napster" (NBER Working Paper No. 16882)

* Howard F. Chang, University of Pennsylvania, and Hilary Sigman, Rutgers University and NBER, "An Empirical Analysis of Cost Recovery in Superfund Cases: Implications for Brownfields and Joint and Several Liability" (NBER Working...