8 THANNUAL CONFERENCE

Transcription

1 8 THANNUAL CONFERENCE UPDATED PRELIMINARY PROGRAM Roma, December 13-15, 2012 Università degli Studi di Roma Tre Facoltà di Giurisprudenza via Ostiense, 163 Roma

2 LOCATION HOW TO REACH THE CONFERENCE VENUE Facoltà di Giurisprudenza Roma Tre Via Ostiense, 159 Taxi Take a taxi from the Leonardo da Vinci or Ciampino Airport to Via Ostiense, Rome, Fares run about (euro). Be careful to take only an authorized (white) taxis equipped with a meter. Supplements may be charged for bags or night travel. Public Transportation from Airports From the Leonardo da Vinci (Fiumicino) Airport, which is 26km (16mi) southwest of the city, take the direct train, which usually leaves the Airport Station daily every half hour, and takes about 35 minutes to arrive to the Termini Station and tickets cost Service is active from the Airport from 6:37 am to 11:37 pm. The other airport in Rome is Ciampino, about 20km (12mi) southeast of the city. From there you can jump in a COTRAL bus which connects with a subway to Stazione Termini. From there, follow instructions below. From the Termini Station: take the Metro Line B in the direction LAURENTINA and get off at Basilica San Paolo Station. You need to buy a ticket, (which cost 1,50 each and are good for both buses and the metro) from a tobacconist, newsstand or vending machine at the station before you get on the train (or bus).from the Basilica San Paolo station walk about 300 meters towards and then past the Basilica to the University.

3 Accomodation Hotel Aldrovandi Palace Villa Borghese ***** Via Ulisse Aldrovandi 15, Roma (Villa Borghese) Phone: Mail: Website: Option for Side-Isle 2012 Conference : single room 150, % VAT per night, double room 170, % VAT per night. Breakfast included. City tax not included. Contact Groups office to booking. Navona Palace ***** Via della Pace 36/36A, Roma (Piazza Navona) Phone: Mail: booking@navonapalace.com Website: Option for Side-Isle 2012 Conference : suite for single use 220 per night, suite for double use 290 per night. Breakfast included. City tax not included ( 2 per person per night). St. George ***** Via Giulia 62, Roma (Corso Vittorio Emanuele II) Phone: Mail: stgeorge@hotel-invest.com Website: Option for Conferenza Side-Isle Conference : double room for single use 213 per night, double room 247 per night. Breakfast included. City tax not included. Hotel Ariston **** Via Filippo Turati 16, Roma (Termini Railways Station) Phone: Mail: meetingrome@gmail.com Website: Option for Side-Isle 2012 Conference : single room 70 per night, double room 75 per night. Breakfast included. City tax not included. Hotel Ponte Sisto **** Via dei Pettinari 64, Roma (Campo de Fiori-Trastevere) Phone: Mail: booking@hotelpontesisto.it Website: Option for Side-Isle 2012 Conference until 30 th november, 10 rooms: double room for single use 150 per night, double room 150 per night. Breakfast included. City tax not included. Same price is valid also after 30 th november according on hotel availability. Hotel D Azeglio **** Via Cavour 18, Roma (Termini Railways Station) Phone: Mail: hb@bettojahotels.it Website: Option for Side-Isle 2012 Conference : single room 130 per night, double room 144 per night. Breakfast included. City tax not included.

4 Abitart Hotel **** Via P. Matteucci 10/20, Roma (Ostiense Railways Station-University) Phone: Mail: Website: Option for Conferenza Side-Isle Conference until 30 th November, 25 rooms: double room for single use 129,00 one night, double room for single use 109,00 per night (minimum 2 nights), double room/twin 159,00 one night, double room/twin 139,00 per night (minimum 2 nights). Breakfast included. City tax not included. Same price is valid also after 30 th november according on hotel availability. Hotel Mediterraneo *** Via Cavour 15, Roma (Termini Railways Station) Phone: Mail: mediterraneo@bettojahotels.it Website: Option for Conferenza Side-Isle Conference, 15 rooms until 26 th november: single room 133 per night, double room 148 per night. Breakfast included. City tax not included. Lancelot Hotel *** Via Capo d'africa Roma (Colosseo) Phone: Mail: info@lancelothotel.com Website: Option for Isle Conference : single room 100B&B city tax, double room for single use B&B city tax, double room B&B city tax. Prices are based per night. Hotel Apollo *** Via Dei Serpenti , Roma (Colosseo) Phone: Mail: info@albergoapollo.it Website: Option for University Roma Tre : single room 100 for night, double room for single use 120 per night, double room 120 per night. Breakfast included. City tax not included. Albergo Santa Chiara *** Via Santa Chiara 21, Roma (Pantheon) Phone Mail: info@albergosantachiara.com Website: Option for University Roma Tre : single room 140 per night, double room for single use 170 per night, double room 200 per night. Breakfast included. City tax not included. If not otherwise specified, city tax is 3 per night per person.

5 GENERAL SCHEDULE THURSDAY 13 Dec - AULA MAGNA 16,15-17,45 LA RIFORMA DELLA GIUSTIZIA CIVILE TRA DIRITTO ED ECONOMIA Workshop in Italian 17,45 Welcome Cocktail for SIDE participants 18,15-19,15 roundtable on THEORY AND POLICY OF CONTRACTUAL REGISTERS Workshop in English FRIDAY 14 Dec SATURDAY 15 Dec International Conference of the Italian Society L&E Friday 14 Dec 8,30 Registration 9,15-13,30 parallel sessions 14,30-17,45 parallel sessions Keynote Lecture Law and Culture. A Theory of Comparative Variation Prof. GIUSEPPE DARI MATTIACCI, Amsterdam Center for Law and Economics 19,00-19,30 SIDE meeting 20,45 Social Dinner with Honorable Judge Guido Calabresi Saturday 15 Dec 8,30 13,15 Parallel sessions

6 THURSDAY 13 DECEMBER - AULA MAGNA 16,15-17,45 - WORKSHOP - this workshop will be held in Italian LE RIFORME DELLA GIUSTIZIA CIVILE TRA DIRITTO ED ECONOMIA Introduzione I (molti) effetti di una giustizia civile inefficiente Giudici in affanno MAGDA BIANCO (Banca d Italia - Divisione Economia e Diritto) SILVIA GIACOMELLI (Banca d Italia - Divisione Economia e Diritto) DECIO COVIELLO (HEC Montreal) Discussione ( invited discussant da inserire) 17,45 Welcome Cocktail for SIDE participants 18,15-19,15 - WORKSHOP - this workshop will be held in English THEORY AND POLICY OF CONTRACTUAL REGISTERS Discussing around the new book by Benito Arruñada (Chicago Press, 2012) Introduction Institutional Foundations of Impersonal Exchange Discussion ANTONIO NICITA (University of Siena) BENITO ARRUÑADA (Pompeu Fabra University) CORRADO MALBERTI (University of Luxembourg & Comm. Studi Int.li CNN) Q&A

7 INTERNATIONAL LAW AND ECONOMIC CONFERENCE DECEMBER 2012 INSTRUCTIONS PAPER S PRESENTERS: 20 MIN. PAPERS GENERAL DISCUSSION: MIN.

8 ROOM SESSION & CHAIR Room 1 GOVERNANCE AND FINANCE AUTHOR(S) Peruffo, Oriani, Goranova Wulf A. Kaal Stefano Bozzi, Massimo Belcredi, Carmine Di Noia FRIDAY 14 DECEMBER, Morning Session I 8,30 Registration 9,00-10,20 parallel sessions Interlocking, Ownership and Divested Unit Performance Contingent Capital in Executive Compensation Slate voting in board elections: evidence from Italian experience Room 2 MONEY LAUNDERING Room 3 COMPETITION POLICY Room 4 ENVIRONMENTAL L&E Room 5 CRIME L&E Killian J McCarthy, Peter van Santen, Ingo Fiedler G. Ardizzi, C. Petraglia, M. Piacenza, F.Schneider, G.Turati Mauro Salvo Pier Luigi Sabbatini Claudia Degosus Matteo Negrinotti Edilio Valentini Giuseppe Bellantuono Donatella Porrini Jacques Pelletan E. D'Agostino, E. Sironi, G. Sobbrio David Skarbek Modeling the Money Launder: A Micro-theoretical Foundation Estimating Money Laundering through a Cash Deposit Demand Approach Money Laundering and the Porto Alegre Real Estate Market On the (ir)relevance of the relevant market Abuse of Government Processes in Antitrust: Searching for a European Noerr-Pennington Doctrine Predatory Pricing and Abuse of Dominant Position in the EU On Emissions Trading Taxation and Market Power Comparing Regulatory Innovations for Climate Change: Smart Grid Policies in the US and EU Insurance Models and European Climate Change Policies: an Assessment Education, Labor and Crime: A three-periods time-allocation model The Role of Education in Determining the Attitudes towards Crime in Europe Governance in the inmate social system COFFEE BREAK 10,20 10,50 FRIDAY 14 DECEMBER, Morning Session II

9 ROOM SESSION Room 1 COMPETITION POLICY Room 2 LAW, BEHAVIOR AND EXPERIMENTS AUTHORS Mark R Patterson Pablo Leurquin, Fabiano Lara Florian Smuda Eisenberg T., Engel C. Pascal Langenbach Pavel Chakraborty 10,50-12,10 parallel sessions Antitrust and Informational Restraints Competition in the airline industry in south america: economic analysis based on the study of a merger case. Cartel Overcharges and the Deterrent Effect of EU Competition Law Assuring Adequate Deterrence in Tort: A Public Good Experiment Voice effects towards an impartial decision maker: Experimental Evidence on Procedures Environmental Standards and Trade: Evidence from a Natural Experiment Room 3 ENFORCEMENT AND DETERRENCE E. Langlais, M. Obidzinski Deterrence and the punishment of offenses under political competition Libor Dusek Timing of Punishment and Crime: Evidence from a Criminal Procedure Reform Svetlana Avdasheva Public and Private Law Enforcement under a High Risk of Type I Errors: the Russian Case Room 4 RIGHTS AND EXTERNALITIES Room 5 GOVERNANCE & FINANCE Alberto Cassone Giovanni B. Ramello Alex Raskolnikov Enrico Baffi Giuseppe Ciallella Peter-Jan Engelen Hamid Boustanifar Coase and the Shakespearean Puzzle Irreparable Acts Contract Standard Clauses as Public Goods: A New Approach High Frequency Trading, Listed Companies and the Shrinking Role of Disclosure Vulnerability to the Financial Crisis: The Roles of Firm- and Country-Level Governance Mechanisms in Europe Personal Bankruptcy Reform, Credit Availability, and Financial Distress

10 FRIDAY 14 DECEMBER, Morning Session III 12,15-13,35 parallel sessions ROOM SESSION AUTHORS Room 1 Giovanni Immordino Regulating Prostitution: Theory and Evidence from Italy CRIMIMAL ACTIVITIES AND Guglielmo Barone The effect of Mafia on public transfers REGULATION Gaia Narciso Antonio Acconcia Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment Giancarlo Corsetti, Saverio Simonelli Room 2 REGULATION, COLLUSION, Decio Coviello Mario Mariniello Publicity Requirements in Public Procurement: Evidence from a Regression Discontinuity Design COORDINATION Patrick Andreoli Versbach Forensic Application of Econometric Evidence: Detecting and Tackling Tacit Coordination in Oligopolistic Markets Luca Aguzzoni Antitrust investigations and firm's market value: evidence from the italian case Room 3 Luigi A. Franzoni Optimal liability design under risk and ambiguity LIABILITY, TORTS AND Andrzej Baniak, Peter Grajzl Equilibrium and Welfare in a Model of Torts with Industry Reputation Effects BRIBERY Laarni Escresa, Lucio Picci Domestic Sanctions to Cross-Border Acts: The Case of Foreign Bribery Room 4 Avraham Tabbach, Sharon More Manipulation, Less Risk-Taking? INCENTIVES IN CORPORATIONS Hannes Simone M. Sepe Lawyers on Board Georg Ringe Hedge Funds and Risk-Decoupling - The Empty Voting Problem in the European Union LUNCH 13,35 14,30

11 ROOM SESSION Room 1 GOVERNANCE AND FINANCE Room 2 EVOLUTION OF INSTITUTIONS AUTHORS FRIDAY 14 DECEMBER, Afternoon Session I 14,35-15,55 parallel sessions Lucia Dalla Pellegrina, Margherita Can shareholder litigation discipline CEO bonus? Saraceno, Isadora Russo A. Ciavarella, L. Enriques, V. Regulation and Self-Regulation of Related Party Transactions in Italy Novembre, R. Signoretti M. Succurro, L. Mannarino The impact of financial constraints on firms survival Giuseppe Dari-Mattiacci Emergence of the Corporate Form Giorgio Zanarone, Gani Aldashev Endogenous Enforcement Institutions Claudio Tagliapietra Social and Resource Heterogeneity in Crafting Institutions: Governing the Commons in the Italian Alps over Six Centuries Room 3 JUDGES AND JURY TRIALS Room 4 COMPETITION AND REGULATION Room 5 LIABILITY AND COURTS Simone M. Sepe Eugene Kontorovich, Tonja Jacobi Yoshinobu Zasu Lapo Filistrucchi Javier Elizalde Elisabetta Ottoz, Franco Cugno Sofia Amaral-Garcia, Nuno Garoupa Veronica Grembi, Paola Bertoli John Shahar Dillbary The Information Role of the Unanimity Rule in Jury Trials Why Judges Always Vote Self-interest Judge Seeks Fairness Upward Pricing Pressure in Two-Sided Markets Competition in Multiple Characteristics: Location Equilibrium and Effect on Market Power The role of legal-cost allocation in patent settlements Do Administrative Courts Favor the Government? Evidence from Medical Malpractice in Spain Courts and Medical Malpractice Insurance Tort-fest 16,00-16,15 Coffee Break

12 FRIDAY 14 DECEMBER, Afternoon Session II ROOM SESSION Room 1 RATINGS AND RISKS Room 4 LAW AND INNOVATION 16,15-17,45 pa16,15-17,35 parallel sessions rallel sessions AUTHORS Robert Rhee Federico Parmeggiani Régis Blazy, Bertrand Chopard, Nirjhar Nigam Ugo Pagano Massimiliano Granieri Pay-for-performance in the credit rating industry Rating triggers, Market Risk and the Need for More Regulation Building legal indexes to explain recovery rates: an analysis of the French and English bankruptcy codes The Crisis of Intellectual Monopoly Capitalism European legal competitiveness and the internal market for intellectual property. Legal determinants and economic explanations Room 3 ENFORCEMENT Room 4 L&E of LITIGATION Room 5 REGOLAZIONE Moamen Gouda Andrey E Shastitko Gabriel Doménech, Miguel Puchades Emanuela Carbonara, Francesco Parisi Andrea Gallice Bruno Deffains, Claudine Desrieux Maria De Benedetto Goran Dominioni Andrea Stazi Stealing more is better? Marginal Deterrence in Islamic Criminal Law of Theft Effects of the Third Party Enforcement Errors Compensating acquitted pre-trial detainees Rent-Seeking and Litigation: The Hidden Virtues of the Loser-Pays Rule Self-Serving Biased Reference Points Litigation Financing: A comparative Analysis Teoria e pratica nell istruzione: fallimenti, sperperi e ricerca del profitto L'Effetto Dotazione nell'inadempimento Efficiente: Profili di Risarcibilità. Invenzioni biotecnologiche, accesso all'informazione e limiti della tutela brevettuale FRIDAY 14 DECEMBER Afternoon Session III

13 18,00-18,55 key-note lecture AULA MAGNA VINCENZO ZENO ZENCOVICH Prof. GIUSEPPE DARI MATTIACCI Amsterdam Center for Law & Economics Law and Culture A Theory of Comparative Variation h f h f h f 19,00-19,30 SIDE Meeting Aula Magna

14 FRIDAY 14 DECEMBER 20,45 Social Dinner A dinner with Guido Calabresi Honorable Judge and Sterling Professor Emeritus of Law at Yale Judge Calabresi was appointed United States Circuit Judge in July 1994, and entered into duty on September 16, Prior to his appointment, he was Dean and Sterling Professor at Yale Law School, where he began teaching in 1959, and is now Sterling Professor Emeritus and Professorial Lecturer in Law. Judge Calabresi received his B.S. degree, summa cum laude, from Yale College in 1953, a B.A. degree with First Class Honors from Magdalene College, Oxford University, in 1955, an LL.B. degree, magna cum laude, in 1958 from Yale Law School, and an M.A. in Politics, Philosophy and Economics from Oxford University in A Rhodes Scholar and member of Phi Beta Kappa and Order of the Coif, Judge Calabresi served as the Note Editor of The Yale Law Journal, , while graduating first in his law school class. Following graduation, Judge Calabresi clerked for Justice Hugo Black of the United States Supreme Court. He has been awarded some forty honorary degrees from universities in the United States and abroad, and is the author of four books and more than one hundred articles on law and related subjects. CASA DEL CINEMA - Villa Borghese Largo Marcello Mastroianni, BUS C METROPOLITANA Linea A (stop at:spagna, Barberini, Villa Borghese, Flaminio, Piazza del Popolo)

15 SATURDAY 15 DECEMBER, Morning Session I ROOM SESSION Room 1 ENERGY POLICY Room 6 LAW AND RISK Room 3 LABOR AND PROFESSIONS Room 4 INTANGIBLES & BEHAVIOR AUTHORS Thomas Alexopoulos, Dimitrios Thomakos, Dionisia Tzavara Stefano Clò, Susan Battles,Pietro Zoppoli S.Benedettini, G. Cervigni, G.e Buglione Maria Del Pilar Castillo, Giacomo Balbinotto Csongor István Nagy Guido Rossi, Salvatore Spagano Camille Chaserant, Sophie Harnai 8,45-10,00 parallel sessions Regulation and Penetration of Renewable Energy Sources and the Effects on Emissions' Output and Intensity Policy Options to Stabilize the Carbon Price within the European Emissions Trading System: Framework for a Comparative Analysis Do capacity support schemes work? An empirical assessment across OECD countries The practice of kidnapping and the FARC. A perspective from Agency Theory Comparative collective redress from a law and economics perspective: without risk there is no reward! From Custom to Law Hayek revisited The regulation of quality in the market for legal services. Taking the heterogeneity of legal services seriously The Workers Referendum of A Statistical Analysis on Union Democracy Employer moral hazard and the emergence of worker cooperatives Davide Carbonai, Carlo Drago Ermanno C. Tortia, Cecilia Navarra, Marina Albanese Fabio Polverino Hunting the wild geese: competition analysis in a world of free E. Migheli, G. Ramello Open access journals & academics behaviors Staffan Albinsson Sound Earnings? The Income Structure of Swedish Composers Room 5 CONCORRENZA E ANTITRUST Giulia Codacci Pisanelli Alberto Pera Gabriele Mazzantini Teresa Broggiato Sanzioni antitrust, misure alternative e compliance Gli impegni nel diritto italiano della concorrenza: un analisi empirica a cinque anni dalla loro introduzione The protection of consumers of banking and financial services

16 SATURDAY 15 DECEMBER, Afternoon Session II ROOM SESSION Room 1 BEHAVIORAL L&E Room 2 LAW AND FIRM S BEHAVIOR Room 5 CORRUPTION Room 4 REGOLAZIONE Room 5 CRISS BORDER REGULATION 10,05-11,25 parallel sessions AUTHORS Fabio Landini The Evolution of Control in the Digital Economy Makiko Omura Shall Dual Surnames for Married Couples be Allowed? Daniel L.Chen, Martin Schonger Other-Regarding Preferences: Consequentialist or Deontological? F. Gomez, J. Ganuza Optional Law for Firms and Consumers: An Economic Analysis of Opting into the Common European Sales Law J. S. Mora-Sanguinetti, Firm size and judicial efficacy: local level evidence in Spain M. García-Posada Lorenzo Sacconi Corporate Social Responsibility and Corporate Governance Jerg Gutmann, Stefan Voigt On the Wrong Side of the Law - Causes and Consequences of a Corrupt Judiciary Nadia Fiorino, Emma Galli An Analysis of the Determinants of Corruption: Evidence from the Italian Regions A. Baraldi, M. Alfano, The Role of Political Competition in the link between Electoral Systems and Corruption: the C. Cantabene Italian case F. Quintiliani, C. Bentivogli, D. Le reti di imprese Sabbatini Cristina Giorgiantonio, Concorrenza e fabbisogni territoriali: Central, Regional or Local Authorities? Francesco Decarolis Eleonora Montani, Il rapporto tra andamento dell'economia e infiltrazione della criminalità organizzata nel mercato Giada Gambadoro economico legale: un'analisi delle regioni del Nord Italia Maurizia De Bellis From Coordination to Regulation.The Role of the Financial Stability Board in the Global Financial Governance Penio Penev Gospodinov The Application of European Competition Law in Arbitration Proceedings Elisabetta Cervone Regulating Mobile Payments. Learning from the Global Experience

17 ROOM SESSION Room 1 REGOLAZIONE E INNOVAZIONE Valeria Falce Augusto Preta AUTHORS 11,30-13,00 parallel sessions Le Collecting Societies La regolamentazione nella convergenza Room 2 EVOLUTION OF INSTITUTIONS C. Drago, R. Ricciuti, A. Rinaldi, A counterfactual analysis of the bank-industry relationship in Italy, M. Vasta C. Mari, M.Vatiero Path-dependent evolution of Swiss corporate governance Vallanti Gianfreda TBA Room 3 GOOOOGLAW Room 4 TAXATION, FISCAL POLICY AND FEDERALISM Room 5 LAW, BEAHVIOR AND REGULATION Roberto Pardolesi Giacomo Luchetta Rosamaria Bitetti Massimiliano Gambardella Angelo Zago Antonio Peyrache Pietro Battiston, Simona Gamba Gabriella Legrenzi Laszlo Gabor Pok Peter Cserne Michele Trimarchi, Alessandra Carbone Dum pendet, rendet The economics of personal information Google, Competition Policy and the Hegel's owl The future of Immaterial Infrastructure: the Open Cloud Computing Merging or splitting jurisdictions? On the optimal structure of the public sector, with an application to the Italian courts of justice Social pressure as a determinant for tax compliance: a field experiment Fiscal Policy Sustainability, Economic Cycle and Financial Crises: the Case of the GIPS Behavioral law and economics aspects of the good faith acquisition of movables Should Law Resist Behavioural Economics More than Mainstream Economics? The Economic Impact of Regulation: the Unesco Landscape in Italy

18 Italian Society of Law & Economics Honorary President PIETRO TRIMARCHI, Università di Milano Executive Board MAGDA BIANCO, Banca d Italia EMANUELA CARBONARA, Università di Bologna GIUSEPPE DARI-MATTIACCI, University of Amsterdam GIULIO NAPOLITANO, Università di Roma Tre GIOVANNI B. RAMELLO, Università del Piemonte Orientale & IEL SIMONE M. SEPE, University of Arizona LORENZO SACCONI, Università di Trento General Secretariat ANTONIO NICITA, Università di Siena MATTEO RIZZOLLI, Libera Università di Bolzano Advisory Board (former Board and Local Organizers) R. ARTONI, F. CAFAGGI, M. D ANTONI, F. DENOZZA, R. DEL PUNTA, L. FRANZONI, P. GIUDICI, M. GRILLO, P.G. MONATERI, A. NICITA, U. PAGANO, R.PARDOLESI, F. PARISI, M. POLO, M. RIZZOLLI, F. SILVA Secretariat CLAUDIA COLAFRANCESCO SIDE ROMA 2012 Local Organizers University of Roma Tre Facoltà di Giurisprudenza Cattedra Franco Romani Scientific Committee GIIULIO NAPOLITANO VINCENZO ZENO ZENCOVICH ANDREA ZOPPINI Organizing Committee ANDREA ALTIERI MARGHERITA COLANGELO FRANCESCO MEZZANOTTE GIACOMO ROJAS ELGUETA

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