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ISNIE 2008 Program

Paper details as they have been posted by the authors.

Friday, June 20, 2008

8:00-8:30 a.m.           Continental Breakfast and Registration (Fleck Atrium)
8:00 a.m.-5:00 p.m.  Publishers Exhibit (Fleck Atrium)

Session 1, Friday, June 20, 9:00-10:30 a.m.

Panel 1.1: WILLINGNESS TO COOPERATE: EXPERIMENTAL EVIDENCE, Room 133

Chair: Bruno S. Frey

  • Roberto Weber, Bill McEvily, and Joseph Radzevick
    Who Do You Distrust and How Much Does It Cost? An Experiment on the Measurement of Trust
  • Lorenzo Sacconi and Marco Faillo
    How “Social Contract” Based Conformist Preferences and Reciprocity Explains Norm Compliance: The Experimental Evidence
  • Max Albert, Georgi Chobanov, Henrik Egbert, Vanessa Mertins, and Teodor Sedlarski
    Testing the Role of Procedural Satisfaction: Evidence from Bulgaria

Panel 1.2: EUROPEAN INSTITUTIONAL CHANGE AND INERTIA, Room 127

Chair: John N. Drobak

  • Vincent Bignon and Jérôme Sgard
    The Evolution of Bankruptcies in 19th Century France
  • Martin Mendelski
    Institutional Reforms in South-Eastern Europe: A Comparative Analysis during Different Periods of Transition
  • Martina Eckardt and Stefan Okruch
    Break-outs from Institutional Lock-ins, Is it Possible at All?

Panel 1.3: THE LEGAL ENVIRONMENT OF BUSINESS, Room 142

Chair: Peter Klein

  • Benito Arruñada
    A Transaction Cost Theory of Business Formalization
  • Leah Theriault
    The Numerus Clausus, Human Capital and the Optimality of Satisficing: On Drawing Property Boundaries to Facilitate Hayekian Search
  • Henry Hansmann and Reinier Kraakman
    Exit, Voice, and Liability: Legal Dimensions of Organizational Structure

Panel 1.4: CONTRACTING AND INTERFIRM RELATIONS, Room 147

Chair: Jean Michel Glachant

  • Jon Bingen Sande
    The Role of Common Knowledge in Buyer-Supplier Relationships
  • Desmond (Ho-Fu) Lo, Mrinal Ghosh, and Stephen Salant
    The Effects of a Two-Stage Ordering Process and Quantity Discounts on Vertical Channel Relationships: Theory and Evidence
  • Marta Fernández and Manuel González-Díaz
    Quality and Mechanisms of Governance: The Case of Hotel Industry

10:30-10:45 a.m.
Morning Break, Fleck Atrium

Session 2, Friday, June 20, 10:45 a.m.-12:15 p.m.

Panel 2.1: POLITICAL INSTITUTIONS AND ECONOMIC PERFORMANCE, Room 133

Chair: Carlos Pereira

  • Ariel BenYishay and Roger R. Betancourt
    Civil Liberties, the Unbundling of Institutions and Economic Growth
  • Jamus Lim
    Institutions, Education, and Economic Performance
  • Judit Kapás and Pál Czeglédi
    Economic Freedom in Terms of Kinds of Government Actions: An Empirical Investigation

Panel 2.2: EMERGENCE, EVOLUTION, AND ADAPTABILITY OF STATES, Room 127

Chair: John VC Nye

  • Eric Brousseau, Yves Schemeil, and Jerome Sgard
    Will the World Be Ever Governed? The Dynamics of a Global Constitutionalization Process
  • Shawn Humphrey
    Crossing the Killing Zone into Statehood
  • Sebastian Coll
    The Origins and Evolution of Representative Political Institutions

Panel 2.3: MEASUREMENT AND CODIFICATION, Room 142

Chair: Karen B. Clay

  • Sudipta Basu, Marcus Kirk, and Gregory B. Waymire
    Accounting Institutions Emerge Very Early in an Economy’s Development
  • Aashish Velkar
    Institutions and Standardization of Measurements: Lessons from British Industry in the Nineteenth Century
  • Donald Smythe
    Why Was the Uniform Sales Act Adopted in Some States But Not Others?
  • Charles Nolan and Alex Trew
    Endogenous Exchange Costs in General Equilibrium

Panel 2.4: EMPIRICAL ANALYSIS OF VERTICAL STRUCTURES, Room 147

Chair: Jackson Nickerson

  • Luigi Pascali
    Contract Incompleteness, Globalization and Vertical Structure: An Empirical Analysis
  • Amirah M. El-Haddad
    Vertical Integration and Institutional Constraints on Firm Behavior: The Case of the Garment Industry in Egypt
  • Sandro Cabral, Sergio Lazzarini, and Paulo Furquim de Azevedo
    Private Operation with Public Supervision: Evidence of Hybrid Modes of Governance in Prisons
  • Jean Michel Glachant and Michelle Hallack
    “Take or Pay” Contract Robustness: a Three Step Story Told by the Brazil-Bolivia Gas Case?

12:15-1:30 p.m.
LUNCH and BUSINESS MEETING, Fleck Atrium

Session 3, Friday, June 20, 1:30-3:00 p.m.

Panel 3.1: THE INSTITUTIONS OF GOVERNMENT, Room 133

Chair: Andrew Seltzer

  • Anders Fredriksson
    Dispatchers
  • Victor Lapuente
    A Political Economy Approach to Bureaucracies
  • Wolfgang Gick
    Why Consulting Two Experts?

Panel 3.2: HISTORICAL ANALYSIS OF INSTITUTIONS IN HISPANIC AMERICA, Room 127

Chair: Lee Alston

  • Alan Dye
    The New Deal and the "New Cuba": Cuba's Participation in the U.S. Sugar Quota Program, 1934-1941.
  • David E. Hojman
    Intergroup Cooperation and Rent Allocation in Colonial Spanish America: The Roles of Marriage Choice and Identity Re-invention in ‘Melting-Pot’ Chiloe
  • Matthew Bird
    Making Title Waves: Supply-Side Components of Property Rights Emergence in Lima, Peru

Panel 3.3: LEGAL RULES AND ECONOMIC BEHAVIOR, Room 142

Chair: Benito Arruñada

  • Christiane Rezende and Decio Zylbersztajn
    Pacta Sunt Servanda Versus Social Role of Contracts
  • Nuno Garoupa and Matteo Rizzolli
    Why Pro-Defendant Criminal Procedure Might Hurt the Innocent
  • Lennon HT Choy
    Pricing under Information Asymmetry: An Analysis of the Housing Presale Market from the New Institutional Economics Perspective

Panel 3.4: VERTICAL INTEGRATION, Room 147

Chair: Scott E. Masten

  • John M. de Figueiredo and Brian S. Silverman
    The Co-Evolution of Vertically Related Industries
  • F. Andrew Hanssen
    Vertical Integration During the Hollywood Studio Era
  • Mara Lederman and Silke J. Forbes
    What Changes with Ownership? Evidence from Regional Airlines

Panel 3.5: PATHS OF INSTITUTIONAL DEVELOPMENT AND CHANGE, Room 151

Chair: Albrecht Söllner

  • Jochen Koch, Martin Eisend, and Arne Petermann
    The Impact of Complexity on Path-Dependent Decision-Making Processes: An Experimental Study
  • Michael Kleinaltenkamp and Thomas Bach
    Cable vs. DSL - Competing IT Innovations and Lock-in from the Customer’s Standpoint
  • Nir Kshetri and Richard Kohn
    Path Dependence and the Development of Formal Institutions in Central and Eastern European Economies
  • Stefan Klein, Stefan Schellhammer, Kai Reimers, and Kai Riemer
    Evolutionary Paths of Inter-Organizational Information Systems (IOIS)

3:00-3:15 p.m.
Afternoon Break, Fleck Atrium

Session 4, Friday, June 20, 3:15-4:45 p.m.

Panel 4.1: POLITICAL EXCHANGE. AGENCY, AND COMMITMENT, Room 133

Chair: Pablo T. Spiller

  • Luis Araujo, Carlos Pereira, and Eric Raile
    Bargaining and Governance in Multiparty Presidential Regimes
  • Colin Jennings
    A Model of Political Agency with Emotional Voters
  • Sebastian Galiani
    Investment and Expropriation under Oligarchy and Democracy in a Heckscher-Ohlin World

Panel 4.2: PROPERTY RIGHTS IN LAND, Room 127

Chair: Henry Smith

  • Gary Libecap and Dean Lueck
    The Demarcation of Property: Patterns and Economic Effects
  • Sandra Joireman and Rachel Sweet
    In Search of Order: Property Rights Enforcement in Kibera Settlement, Kenya
  • Vivian E. S. Nascimento, Maria Sylvia M. Saes, and Decio Zylbersztajn
    Property Rights, Private Investments and Land Conflicts in Brazil

Panel 4.3: RELIGIOUS INSTITUTIONS AND ORGANIZATIONS: INFLUENCES, CONSEQUENCES, LESSONS, Room 142

Chair: Frank H. Stephen

  • Lee Alston
    Priests, Property Rights and Rural Conflict in Brazil
  • David T. Smith
    Minorities, Stereotypes and In-group Policing
  • Katja Rost, Emil Inauen, Margit Osterloh, and Bruno Frey
    The Corporate Governance of Benedictine Abbeys: What Can Stock Corporations Learn from Monasteries?

Panel 4.4: CONTRACT DESIGN, Room 147

Chair: Stéphane Saussier

  • Antonio Nicita and Simone Sepe
    The Problem of the Hold Up Problem: Credible Threats and Bluffing
  • Bernhard Ganglmair
    Before Death Do Us Part: On Premature Contract Breakup and Partial Property Rights
  • Ricard Gil and Jordi Mondria
    Managerial Attention Allocation in Optimal Incentive Contracts

Panel 4.5: NORMS, INSTITUTIONS, AND BEHAVIOR, Room 151

Chair: Bill McEvily

  • Janice Boucher Breuer and John McDermott
    Trustworthiness
  • John N. Drobak
    Judicial Legitimacy and Cooperative Social Norms
  • Angela A. Stanton
    Homo Corporaticus: Hormones and Institutions
  • Ekkehart Schlicht
    Consistency in Organization

5:00-6:00 p.m.                      
PLENARY SESSION, KEYNOTE ADDRESS I, Fleck Atrium
Barry Weingast
Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History

6:00-7:00 p.m. OPENING RECEPTION, Fleck Atrium



Saturday, June 21, 2008

8:00-8:30 a.m.                Continental Breakfast (Fleck Atrium)
8:00 a.m.-5:00 p.m.       Publishers Exhibit(Fleck Atrium)

Session 5, Saturday, June 21, 8:30-10:00 a.m.

Panel 5.1: INSTITUTIONAL ASPECTS OF LABOR AND EMPLOYMENT, Room 133

Chair: Sebastian Galiani

  • David S. Kaplan and Joyce Sadka
    Enforceability of Labor Law: Evidence from a Labor Court in Mexico
  • Andrew Seltzer
    Nominal Wage Rigidity under Low Inflation: Evidence from Personnel Records
  • Konstantin Sonin, Irina Khovanskaya, and Maria Yudkevich
    Budget Uncertainty and Faculty Contracts: A Dynamic Framework for Comparative Analysis

Panel 5.2: INSTITUTIONAL AND ECONOMIC DETERMINANTS OF INTERNATIONAL TRADE AND INVESTMENT, Room 127

Chair: Guy Holburn

  • Mazhar Islam, Adam Fremeth, and Alfred Marcus
    Managerial Interpretation of Non-Economic Shocks: Socio-Cultural Spillovers and the Events of September 11th
  • Bruno Powo Fosso
    Intra-African Trade Obstacles: The Role of Business Environment
  • Derek Eaton
    Trade and Intellectual Property Rights in the Agricultural Seed Sector

Panel 5.3: COMPETITION LAW AND POLICY, Room 142

Chair: F. Andrew Hanssen

  • Wolfgang Kerber and Claudia Schmidt
    Microsoft, Refusal to License Intellectual Property Rights, and the Incentives Balance Test of the European Commission
  • Kai Hueschelrath
    Patent Ambushes in Standard-Setting Organizations – Implications for Antitrust Policy and the Design of IP Rules
  • Dean V. Williamson
    Gaining ‘Influence’ Through Financial Structure
  • Wolfgang Kerber, Juergen-P. Kretschmer, and Georg von Wangenheim
    Optimal Sequential Investigation Rules in Competition Law

Panel 5.4: CORPORATE GOVERNANCE, Room 147

Chair: Henry B. Hansmann

  • Dino Falaschetti, James Brown, and Michael Orlando
    Auditor Independence and Earnings Quality: Evidence for Market Discipline vs. Sarbanes-Oxley Proscriptions
  • Simone Sepe
    Hybrid Financial Instruments and Corporate Agency Problems
  • Benito Arruñada
    Mandatory Accounting Disclosure by Small Private Companies

10:00-10:15 a.m.
Morning Break, Fleck Atrium

Session 6, Saturday, June 21, 10:15-11:45 a.m.

Panel 6.1: POLITICAL RISK, POLITICAL CAPABILITIES, AND INVESTMENT INCENTIVES, Room 133

Chair: Jackson Nickerson

  • Guy Holburn and Bennet Zelner
    Policy Risk, Political Capabilities and International Investment Strategy: Evidence from the Global Electric Power Industry
  • Nan Jia
    Political Strategy in Emerging Economies: Evidence from the Chinese Private Sector
  • Srividya Jandhyala
    De Facto Property Rights Protection and MNC Location Choices

Panel 6.2: PRIVATE ORDERING, Room 127

Chair: Gary Libecap

  • Stephen Bretsen and Peter J. Hill
    Water Marketing as a Tragedy of the Anticommons
  • Karen Clay
    Insurance without Kin? Private-Order Institutions in Gold Rush California
  • Clemente Forero, Eduardo Wills, Veneta Andonova, Luz Elena Orozco, and Oscar Pardo
    Hybrids and Social and Political Violence: A Study of Organizational Forms in Conflict-Ridden Zones in Colombia

Panel 6.3: INTELLECTUAL PROPERTY, Room 142

Chair: Dean Lueck

  • F. Scott Kieff
    Removing Property from Intellectual Property and (Intended?) Pernicious Impacts on Innovation and Competition
  • Henry E. Smith
    Information Costs in Property, Intellectual Property, and Organizations
  • Adam Mossoff
    Commercializing Property Rights in Inventions: Lessons for Modern Patent Theory from Classic Patent Doctrine

Panel 6.4: EMPIRICAL STUDIES OF FRANCHISE CONTRACTING, Room 147

Chair: Ricard Gil

  • Magali Chaudey and Muriel Fadairo
    Bilateral Moral Hazard and Profit-Sharing Vertical Restraints: Evidence from European Contract Data
  • Manuel González-Díaz and Vanesa Solis-Rodriguez
    Contractual Complexity and Completeness to Contain Opportunism in Franchise Agreements
  • Giorgio Zanarone
    The Role of Decision Rights in Incomplete Contracts: Lessons from Automobile Franchising

11:45 a.m.-1:30 p.m.
LUNCH, PRESIDENTIAL ADDRESS, DISSERTATION AWARD,
and LIFETIME ACHIEVEMENT AWARD, Fleck Atrium
Thrainn Eggertsson
Knowledge and the Theory of Institutional Change

Session 7, Saturday, June 21, 1:30-3:00 p.m.

Panel 7.1: INSTITUTIONS AND THE ENVIRONMENT, Room 133

Chair: Peter J. Hill

  • Daniel Cole
    Climate Change and Collective Action
  • John VC Nye
    Finding the Right Pigou Tax in a World of Imperfect Coasian Bargains
  • Jonathan R. Nash
    Allocation and Uncertainty: Strategic Responses to Environmental Grandfathering

Panel 7.2: CORPORATE GOVERNANCE AND FINANCE, Room 127

Chair: Dino Falaschetti

  • Érica Gorga
    Changing the Paradigm of Stock Ownership: From Concentrated Towards Dispersed Ownership? Evidence from Brazil and Consequences for Emerging Countries
  • Paolo Santella, Carlo Drago, and Andrea Polo
    The Italian Chamber of Lords Sits on Listed Company Boards: An Empirical Analysis of Italian Listed Company Boards from 1998 to 2006
  • Antônio José M. Porto and Antônio F. Galvão
    An Empirical Approach toward Understanding the Linkage of Legal and Financial Institutions
  • Artyom Durnev and Sergei Guriev
    The Resource Curse: A Corporate Transparency Channel

Panel 7.3: COMPETITION AND COOPERATION: THE ROLE OF INTERMEDIARY ORGANIZATIONS, Room 142

Chair: Eric Brousseau

  • Tim Simcoe, Stuart Graham, and Maryann Feldman
    Competing on Standards? Entrepreneurship, Intellectual Property and the Platform Paradox
  • Regis Coeurderoy and Valerie Duplat
    Role Played by Intermediary Institutions in Academy-Industry Technology Alliances: The Case of AGORIA, the Belgian Technology Industry Federation
  • Roland F. Speklé and Teije G. Smittenaar
    Governing the League: Opportunism, Credible Threats and Social Ties in Football Competition Licensing

Panel 7.4: COMPLEXITY, INCENTIVES, AND ORGANIZATIONAL FORM, Room 147

Chair: Antonio Nicita

  • Anna Grandori and Marco Furlotti
    The Co-Design of Contractual and Extra-Contractual Governance: Lessons from the Project-Based Economy
  • Richard Makadok and Russell Coff
    Both Market and Hierarchy: An Incentive-Systems Theory of Hybrid Governance Forms
  • Jean Beuve and Stéphane Saussier
    Formal and Informal Contracting in Interfirm Relationships
  • Jens Prüfer and David Zetland
    An Auction Market for Journal Articles

3:00-3:15 p.m.
Afternoon Break, Fleck Atrium

Session 8, Saturday, June 21, 3:15-4:45 p.m.

Panel 8.1: POLITICAL ACCOUNTABILITY IN DEMOCRATIC SYSTEMS, Room 133

Chair: Wolfgang Gick

  • Marina Dodlova
    Political Accountability and Real Authority of Government Bureaucracy
  • Carlos Pereira and Ravi Bhavnani
    Private Gains for Public Benefits: Re-Election, Accountability, and Corruption
  • Laure Athias
    Political Accountability, Incentives, and Contractual Design of Public Private Partnerships: Demand Risk on Private Providers or Public Authorities?

Panel 8.2: ECONOMIC AND INSTITUTIONAL DETERMINANTS OF PUBLIC UTILITY INVESTMENT, Room 127

Chair: Dean V. Williamson

  • Tobias Veith
    Strategic Investments in Telecommunication Infrastructure Quality
  • Robert Seamans
    Entry Deterrence and New Technology Deployment in Cable TV Markets
  • Claudine Desrieux, Eshien Chong, and Stéphane Saussier
    Horizontal Integration and Relational Contracting: An Application to Local Public Services
  • Gasmi Farid and Laura Recuero Virto
    The Determinants and Impact of Telecommunications Reforms in Developing Countries

Panel 8.3: GOVERNANCE IN AGRICULTURE, Room 142

Chair: Alan Dye

  • Jean-Philippe Colin and Céline Bignebat
    Share Contracts for Export Pineapple Production in Ivory Coast: Contractual Choice, Equity and Efficiency Issues
  • Derek Eaton, Gerdien Meijerink, and Jos Bijman
    Understanding Institutional Arrangements: Fresh Fruit and Vegetable Value Chains in East Africa
  • Mario Mondelli and Decio Zylbersztajn
    Direct-Contracting and Brokers in the Producer-Processor Transaction: The Uruguayan Beef Industry Case
  • Claude Menard and Pavel Vavra
    Role, Usage, and Motivations of Contracts in Agriculture

Panel 8.4: OPEN SOURCE, OPEN SYSTEMS, AND OPEN ORGANIZATIONS, Room 147

Chair: Tim Simcoe

  • Giampaolo Garzarelli
    Self-Selected, Redundant Task-Matching Isn’t So Bad After All: The Division of Labor of Voluntary Production
  • Christopher S. Yoo
    Is Open Source Software the New Lex Mercatoria?
  • Nicolai J. Foss, Peter G. Klein, and Nils Stieglitz
    The Wikified Firm: Authority and Delegation in the Knowledge Economy

5:00-6:00 p.m.                      
PLENARY SESSION, KEYNOTE ADDRESS II, Fleck Atrium
Robert Ellickson
The Household: The Forerunner of Complex Institutions

7:00 p.m.                   
RECEPTION AND GALA DINNER
Intercontinental Toronto Yorkville
220 Bloor Street West, Toronto