Law and economics.

• Position: Program and Working Group Meetings

The NBER's Law and Economics Program, directed by Christine Jolls of Yale Law School, met in Cambridge on February 7, 2014. These papers were discussed:

* Alain Cohn and Michel Marechal, University of Zurich, and Thomas Noll, Swiss Prison Staff Training Center, "Bad Boys: How Criminal Identity Affects Rule Violation"

* Jared Stanfield and Robert Tumarkin, University of New South Wales, "The Effect of the Political Power of Unions on Firm Value"

* Decio Coviello, HEC Montreal, and Nicola Persico, Northwestern University and NBER, "An Economic Analysis of Black-White Disparities in NYPD's Stop and Frisk Program" (NBER Working Paper No. 18803)

* Mariassunta Giannetti, Stockholm School of Economics, and Tracy Yue Wang, University of Minnesota, "Corporate Scandals and Household Stock Market Participation"

* Rohan Pitchford, Australian National University, and Christopher Snyder, Dartmouth College and NBER, "Mortgage Origination and the Rise of Securitization: An Incomplete-Contracts Model"

* Edward Morrison, University of Chicago; Arpit Gupta, Columbia Business...