Law and economics.

• Position: Program and Working Group Meetings

The NBER's Program on Law and Economics, directed by Christine Tolls of Yale University, met in Cambridge on March 4.

These papers were discussed:

* Claudia Mollers and Hans-Theo Normann, Dusseldorf Institute for Competition Economics, and Christopher Snyder, Dartmouth College and NBER, "Communication in Vertical Markets: Experimental Evidence"

* David Musto, University of Pennsylvania, and Jillian A. Popadak, Duke University, "Who Benefits from Bond Market Modernization?"

* Ye Cai, Santa Clara University; Jin Xu, Virginia Polytechnic Institute and State University; and Jun Yang, Indiana University Bloomington, "Affiliated Corporate Donations and Director Independence"

* Alex Edmans, London Business School; Luis Goncalves-Pinto, National University of Singapore; Yanbo Wang, Sungkyunkwan University; and MoqiXu, London School of Economics, "Strategic News Releases in Equity Vesting Months" (NBER Working Paper No. 20476)

* Will S. Dobbie, Princeton University and NBER, and Jae Song, Social Security Administration, "Debt Relief or Debt Restructuring? Evidence from an Experiment with Distressed Credit Card...