Law and Economics.

• Position: Program and Working Group Meetings

Members of the NBER's Law and Economics Program met in Cambridge on February 16. Program Director Christine Jolls of Yale University organized the meeting. These researchers' papers were presented and discussed:

* Michael D. Frakes, Duke University and NBER, and Jonathan Gruber, MIT and NBER, "Defensive Medicine: Evidence from Military Immunity"

* John Matsusaka, Oguzhan Ozbas, and Irene Yi, University of Southern California, "Can Shareholder Proposals Hurt Shareholders? Evidence from SEC No-Action Letter Decisions"

* Lauren Cohen, Harvard University and NBER, and Umit Gurun, University of Texas at Dallas, "Buying the Verdict"

* Roberta Romano, Yale University and NBER, "Does Agency Structure Affect Agency Decision Making? Implications of the CFPB's Design for Administrative Governance"

* Steven Shavell...