Session 5 - ISNIE 2004

Friday, October 1st
1:30 – 2:45 p.m.
Five Parallel Sessions

Panel 5.1: HISTORICAL APPLICATIONS OF ECONOMIC ORGANIZATIONS

Organizer: Douglas W. Allen (Simon Fraser University)
Chair: Dean Lueck (University of Arizona)
Discussants: Thrainn Eggertson (University of Iceland), Zeynep Hansen (Washington University in St. Louis), and Noel Johnson (California State University)

•  The Duel of Honor: Screening for Unobservable Social Capital
  Douglas W. Allen (Simon Fraser University) and Clyde Reed (University of Washington)
• Emergence of Endogeneous Legal Institutions: Property Rights and Community Governance in the Italian Alps
  Marco Casari (University of Barcelona)
• The Political Economy of “Truth-in-Advertising Regulation” During the Progressive Era
  Zeynep Hansen (Washington University in St. Louis) and Mark T. Law (University of Vermont)
• Institutional Change in the Long-run: the Ottoman Empire and France in the Early Modern Age
  Noel Johnson (California State University) and Eliana Balla (Washington University in St. Louis)

Panel 5.2: RADIO PAYOLA REVISITED: LAW AND ECONOMICS OF THIRD-PARTY PAYMENTS

Organizer and Chair: D. Bruce Johnsen (George Mason University)
Discussants: Price Fishback (University of Arizona), Dan Houser,  D. Bruce Johnsen, and Josh Wright (all of George Mason University)
Kickbacks or Compensation: The Case of Yield Spread Premiums

• Howell E. Jackson(Harvard University)
  Does soft dollar brokerage benefit portfolio investors: Agency Problem or Solution?
• Stephen Horan (St. Bonaventure University) and D. Bruce Johnsen (George Mason University)
  The Economics of Slotting Arrangements
• Benjamin Klein (UCLA) and Joshua Wright (George Mason University)
  Performance of Bond Pooling: An Efficiency Argument for Insurance Steering
• Jonathan Klick (Florida State University)

Panel 5.3: INSTITUTIONS AND PUBLIC POLICY MAKING

Organizer : Pablo Spiller (University of California – Berkeley)
Chair: Ernesto Stein (IDB)
Discussants: Guy Holburn (University of Western Ontario) and Philip Hoffman (California Institute of Technology)

• Political Institutions, Policymaking Processes and Policy Outcomes in Brazil
  Lee Alston (University of Colorado), Marcus Melo (Universidade Federal de Pernambuco-Brazil), Bernardo Mueller (Universidade de Brasilia- Brazil), and Carlos Pereira (University of Sao Paulo)
• Political Institutions and Policymaking in Venezuela
  Fransisco Monaldi (Andres Bello Catholic University-Venezuela)
• Policymaking Institutions, Policymaking Processes, and Policy Outcomes in Paraguay
  Jose Molinas, Jose M. Costa, Marcela Montero, Anibal Perez-Linan (all of Desarrollo)  and Sebastian Saiegh (University of Pittsburgh)
• The Pitfalls of Policymaking in Peru: Actors, Institutions, and Rules of the Game
  Eduardo Morón and Cynthia Sanborn (both of University of Pacifico)

Panel 5.4: INSTITUTION AND INSTITUTIONAL CHANGES IN TRANSITION AND DEVELOPING ECONOMIES

Chair: Kenneth Koford (University of Delaware)
Discussants: Veneta Andonova (ITAM), Kenneth Koford (University of Delaware), Jeffery B. Miller (University of Delaware) and Stoyan Tenev (World Bank Group)

• Corporate Governance and Corporate Restructuring
  Jack Glen (World Bank) and Ajit Singh (University of Cambridge)
• Financial and Credit Markets: Competitive Market Theory and New Institutionalism
  Kenneth Koford (University of Delaware)
• Common Pool Resources in Bulgarian Architecture: An Empirical Study of Cooperation and Breakdown Under Varied Organizations
  Mieke Meurs (American University)
• State and Ownership Reforms in Transition Economies: China vs. the Orthodoxy
  Jeffery B. Miller (University of Delaware), and Stoyan Tenev (World Bank Group)
• Institutions and Development: Beyond the World Bank Agenda
  Howard Stein (University of Michigan)

Panel 5.5 FINANCIAL INTERMEDIATION IN DIFFERENT INSTITUTIONAL SETTINGS

Chair: Christian Harm (University of Muenster)
Discussants: Frank Stephen (University of Strathclyde) and Marc Weidenmier (Claremont McKenna College)

• Political Determinants of Corporate Governance Regimes
  Christian Harm (University of Muenster)
• Bank Ties and Firms’ Performance in Transition Economies: Evidence on Investment – Cash Flow Sensitivities in Poland
  Agnizeszka Slomka (Warsaw School of Economics)
• System Effects on Blockholder Ownership, Dividends, and Firm Value
  Steen Thomsen (Aarhus School of Business)
• Designing and Testing Culturally Compatible Reform: A TCAR Application to Financial Obstacles of Philippine SMEs
  Clifford Zinnes (University of Maryland) and Omar Azfar (University of Maryland)