Friday and Saturday, October 1-2,
2004, Room WB128
Contact: Joyce Holt
Real options techniques are widely used
in finance and economics to evaluate investment flexibility
and to design multi-period strategies that maximize returns
from flexibility. Legal scholars have begun to apply real options
analysis to a range of legal contexts in which a party enjoys
a discretionary right: for example, the right of an actor to
commit a wrong (or breach a contract) and incur liability,
the right of the innocent party to choose among remedies, the
right to file a law suit and proceed through multi-staged litigation.
This conference brings together scholars who have introduced
options analysis to law in their prior writing, to examine
a range of legal options.
PRELIMINARY SCHEDULE
FRIDAY, OCTOBER
1, 2004 |
| 9:15 a.m. |
Joseph
Grundfest, Stanford
Law School
Peter Huang, University of Minnesota Law School
The Unexpected Value of Litigation
Discussants: Paul
Mahoney, University of Virginia School
of Law; Alexander Triantis, University of Maryland School
of Business.
|
| 10:45 a.m. |
Break |
| 11:00 a.m. |
Michael Knoll
and Reed Shuldiner, University of Pennsylvania Law School
Real Options and Tax Law
Discussants: Robert McDonald, Northwestern University
School of Management;
Jeff Strnad, Stanford Law School
|
| 12:30 p.m. |
Lunch, Stone
Dining Room, by reservation only. |
| 1:45 p.m. |
Ian Ayres, Yale Law School
Paul Goldbart, University of Illinois Department of Physics
Instantaneous
Liability Rule Auctions: The Continuous Extension of
Higher-Order Liability Rules
Discussants: Bentley MacLeod, USC
Law School/Department of Economics; Richard Brooks, Yale
Law School
|
| 3:15 p.m. |
Break |
| 3:30 p.m. |
Lee Anne Fennell, University of
Illinois Law School
Revealing Options
Discussants: Albert
Choi, University
of Virginia School of Law/Department of Economics; George
Triantis, University of Virginia School of Law
|
| SATURDAY, OCTOBER 2, 2004 |
| 9:00 a.m. |
Ronen Avraham, Northwestern University School
of Law
Incomplete Contracts with Asymmetric Information:
The Option to Enforce
Discussants: Avery Katz, Columbia
University School of Law; Alan Schwartz, Yale Law School
|
| 10:30 a.m. |
Break |
| 10:45 a.m. |
Oren Bar-Gill, Society of Fellows, Harvard
University
Pricing Legal Options: A Behavioral Perspective
Discussants: Russell Korobkin, UCLA School of Law; Robert
Scott, University of Virginia School of Law
|
