Program of the 1st Annual Meeting of the Asian Law and Economics Association


June 24 (Friday)


(The name of an author in bold indicates the presenter.)

(The last presenter of each session will serve as the chair of the session.)


Registration (8:30 - 8:50): Centennial Building


Welcoming Address (8:50 - 9:00): Main Auditorium of Centennial Building

Yoon-Ha Yoo as the President of the Korean Law and Economics Association


Keynote speech (9:00 - 9:40): Main Auditorium of Centennial Building

 Cyrus Chu (Academia Sinica), "Asymmetric Information, Pretrial Negotiation and Optimal Decoupling"


10:00 - 11:30


Session 24A: Tort law I (Main Auditorium of Centennial Building)


Tim Friehe (University of Mainz), "Interdependent costs of precaution and role-type uncertainty"

Jeonghyun Kim (KISDI) and Allan Feldman (Brown University), "Victim or injurer: Negligence-based liability rules under role-type uncertainty, with an extension to collisions of different-sized vehicles"

Juan Carlos Bisso (University of Virginia) and Albert Choi (University of Virginia), "Vicarious liability: negligence or strict liability"

Discussants: Jeonghyun Kim (KISDI), Tim Friehe (University of Mainz), Yoon-Ha Yoo (KDI School)


Session 24A: Corporate and Securities law/ bankruptcy I (Subsidiary Auditorium of Centennial Building)


Guanghua Yu (University of Hong Kong), "Using Western law to improve China' SOEs: of takeovers and securities fraud"

Haksoo Ko (Shin & Kim), "Venture capital financing and soft budget constraints"

Julan Du (Chinese University of Hong Kong), Katharina Pistor (Columbia University) and Chenggang Xu (London School of Economics), "Law, finance, administrative governance"

Discussants: Julan Du (Chinese University of Hong Kong), Guanghua Yu (University of Hong Kong), Haksoo Ko (Shin & Kim)


Session 24A: Intellectual Property I (Seo-Am Hall of Building 17)


Parikshit Ghosh (University of British Columbia) and Tarun Kabiraj (Indian Statistical Institute), "A strategic model of intellectual property protection across nations"

Takuma Takahashi (Chuo University), "Intellectual property rights, antimonopoly law and trade frictions: Japan-Korea electronic industry friction in reflection of U.S.-Japan one in 1980s"

Sylvain Perchaud (Delta Informatique), "Latest theories on patent quality valuation"

Discussants: Takuma Takahashi (Chuo University), Sylvain Perchaud (Delta Informatique), Tarun Kabiraj (Indian Statistical Institute)


Session 24A: Legal procedure I (#611 of Building 17)


Alvin Ang (Osaka University), "Determining the costs of delay in the Philippine criminal justice system"

Angara V. Raja (University of Hyderabad) and Francis Xavier (University of Hyderabad), "Economic efficiency of public interest litagations (PIL): Lessons from India"

Discussants: Angara Raja (University of Hyderabad), Alvin Ang (Osaka University)


Lunch 11:30 - 13:30


13:30 - 15:00


Session 24B: Attorney fee system (Main Auditorium of Centennial Building)


Winand Emons (University of Bern) and Nuno Garoupa (Universidade Nova de Lisboa), "On the economics of US-style contingent and UK-style conditional fees"

Yue Qiao (University of Surrey) and Neil Rickman (University of Surrey), "Legal effort in the presence of insurance"

In Gyu Kim (Hallym University) and Kyung Hwan Baik (Sungkyunkwan University), "Contingent fees versus legal expenses insurance"

Discussants: Yue Qiao (University of Surrey), In Gyu Kim (Hallym University), Winand Emons (University of Bern)


Session 24B: Evolution of law I (Subsidiary Auditorium of Centennial Building)


Nguyen Quoc Viet (University of Kassel), "Do informal institutions matter?: Confucian valueson the transition to the rule of law in Vietnam"

Latifah M Nor (International Islamic University Malaysia), "Globalization and women development in developing countries: the Malaysian experience"

Iljoong Kim (Soongsil University) and Inbae Kim (Soongsil University), "Bureaucratic discretion and endogenous selection of monetary institutions"

Discussants: Iljoong Kim (Soongsil University), Nguyen Quoc Viet (University of Kassel), In Kwon Lee (KERI)


Session 24B: Social Security and Insurance (Seo-Am Hall of Building 17)


Yong-Duk Kim (Soongsil University) and Kyoung-Hwan Kim (Korea Insurance Developement Institute), "Analysis of asymmetric information in the Korean auto Insurance market"

Kwan Koo Yun (University at Albany, SUNY) and Xin Yuan (University at Albany, SUNY), "Social security program in Korea and China"

Alejandro Cortizo (Inter-American Conference of Social Security), "Effects on social security of the evolution of the family and family law"

Wade Pfau (GRIPS), "The ownership of social security benefits: Challenges for personal retirement accounts"

Discussants: In Jae Lee (Korea Labor Institute), Wade Pfau (GRIPS), Kwan Koo Yun (University at Albany, SUNY), Xin Yuan (University at Albany, SUNY)


Session 24B: Antitrust and regulated industries I (#611 of Building 17)


Jaehong Kim (Handong University), Se Hoon Bang (Seoul National University) and Soonju Hwang (Seoul National University), "Anti-competitiveness of the instant messanger tying by Microsoft"

Ben Depoorter (Ghent University) and Francesco Parisi (George Mason University), "The modernization of European antitrust enforcement: the economics of regulatory competition"

Preston McAfee (CalTech), Hugo Mialon (Emory University) and Sue Mialon (Emory University), "A strategic theory of antitrust enforcement"

Discussants: Chong Kook Park (Kyung Hee University), Sue Mialon (Emory University), Byoung Heon Jun (Korea University)


15:20 - 16:50


Session 24C: Criminal law (Subsidiary Auditorium of Centennial Building)


Hugo Mialon (Emory University) and Sue Mialon (Emory University), "Economics of the Fourth amendment: crime, search and anti-Utopia"

Kong-Ping Chen (Academia Sinica), Tsung-Shen Tsai (Academia Sinica) and Angela Leung (Academia Sinica), "Economic theory of judicial torture"

Tomer Blumkin (Ben-Gurion University) and Yoram Margalioth (Tel-Aviv University), "Racing profiling from a welfare economics perspective"

Discussants: Yoram Margalioth (Tel-Aviv University), Hugo Mialon (Emory University), Tsung-Shen Tsai (Academia Sinica)


Session 24C: Environmental law I (Seo-Am Hall of Building 17)


Panta Murali Prasad (Indian Institute of Technology Kanpur), "Environmental protection: the role of regulatory system in India"

Michael Faure (University of Maastrich) and Hui Wang (Catholic University of Leuven), "Economic analysis of compensation for oil pollution damage"

Discussants: Hui Wang (Catholic University of Leuven), Panta Murali Prasad (Indian Institute of Technology Kanpur)


Session 24C: Corporate and Securities law/ bankruptcy II (Main Auditorium of Centennial Building)


Qing Zhang (University of Manchester) and Anthony Ogus (University of Manchester), "Licencing procesures in developing countries"

Antoine Biard (University of Paris Dauphine), "Regulation of Guru analysts' conflict of interest"

Shinya Shimoda (University of Kyushu), "Moral hazard of bank managers and bailout policy"

Sharon Hannes (Tel-Aviv University), "A demand-side theory of anti-takeover defenses"

Discussants: Kyeong-Hoon Kang (Korea Institute of Finance), Shinya Shimoda (University of Kyushu), Sharon Hannes (Tel-Aviv University), Antoine Biard (University of Paris Dauphine)


Session 24C: Corruption (#611 of Building 17)


Julan Du (Chinese University of Hong Kong), "Corruption and financial system structure"

Kusuma Andrianto (Leeds University), "Corruption Kills: corruption in post Tsunami construction"

Simon Johnson (MIT and IMF), Sungwook Joh (Korea University) and Sejik Kim (IMF), "Chollarization: Remake of political connection"

Kusuma Andrianto (Leeds University), "Corruption in Indonesia and the Korean funding"

Discussants: Sungwook Joh (Korea University), Julan Du (Chinese University of Hong Kong), Kusama Andrianto (Leeds University), Joonmo Cho (Soongsil University)


AsLEA General Meeting 17:00 - 17:30 Main Auditorium of Centennial Building


Dinner 18:00 - 20:00 Hoam Faculty House


June 25 (Saturday)


Keynote speech (9:00 - 9:40) Main Auditorium of Centennial Building

 Robert Cooter (University of California, Berkeley), "Law, Information, and the Poverty of Nations" 


10:00 - 11:30



Session 25A: Legal procedure II (#205 of Building 15)


Jacob Nussim (Bar-Ilan University) and Avraham Tabbach (Tel-Aviv University), "Deterrence and tax treatment of monetary sanction and litigation costs"

Jeong-Yoo Kim (Kyung Hee University) and Joon Song (University of California, Los Angeles), "Pretrial negotiation with multiple defendants under incomplete information"

Maja Micevska (University of Bonn) and Arnab Hazra (Rajiv Gandhi Institute for Contemporary Studies), "The problem of court congestion: evidence from Indian lower courts"

Discussants: Jeong-Yoo Kim (Kyung Hee University), Maja Micevska (University of Bonn), Avraham Tabbach (Tel-Aviv University)


Session 25A: Labor law/Employment (Subsidiary Auditorium of Centennial Building)


Meenakshi Rajeev (Institute for Social and Economic Change), "Contract labor act in India: a pragmatic view"

Joonmo Cho (Soongsil University) and Kyu-Young Lee (University of Kassel), "Deregulation of dismissal law and unjust dismissal in Korea"

Taejong Kim (KDI School) and Yoichi Okita (GRIPS), "The value of connection: evidence from the 1969 admission freeze at the University of Tokyo"

Discussants: In Jae Lee (Korea Labor Institute), Meenakshi Rajeev (Institute for Social and Economic Change), Takashi Fukushima (GRIPS)


Session 25A: Treaty and dispute resolution (#201 of Building 15)


Vincy Fon (George Mason University) and Francesco Parisi (George Mason University), "Hidden bias of the Vienna convention on the law of treaties"

Clotilde Granger (University of Paris Dauphine) and Jean-Marc Siroen (University of Paris Dauphine), "Core labor standards in trade agreements"

Jin Kim (KIPF), "The case of Internet twins as a generalization of King Solomon's dilemma"

Masahiko Okazaki (Kochi Junior College), "Kosaku dispute"

Discussants: Jin Kim (KIPF), Soh-yeong Kim (Korea Labor Institute), Tackseung Jun (Kyung Hee University), Rosung Kwak (Dongguk University)


Session 25A: Environmental law II (Main Auditorium of Centennial Building)


Daisaku Goto (Kyushu University) and Moriki Hosoe (Kyushu University), "Comparative economic analysis of liability for soil contamination cleanup"

Stefan Weishaar (University of Maastricht), "CO2 emission allowance allocation mechanisms, allocative efficiency and the environment"

Kenichi Sumiyoshi (Aduchi Law Office), "The economic analysis of environmental rights as fundamental human rights in Japan"

Discussants: Kenichi Sumiyoshi (Aduchi Law Office), Daisaku Goto (Kyushu University), Stefan Weishaar (University of Maastricht)


Lunch 11:30 - 13:30


13:30 - 15:00


Session 25B: Intellectual Property II (Subsidiary Auditorium of Centennial Building)


Sylvain Perchaud (Delta Informatique), "European experience in fighting software piracy"

Dennis Khong (University of Strathclyde), "Orphan works, Abandonware and the economics of copyright"

Discussants: Dennis Khong (University of Strathclyde), Sylvain Perchaud (Delta Informatique)


Session 25B: Property right and Family law (#205 of Building 15)


Euston Quah (National University of Singapore) and Peng Wee Koh (National University of Singapore), "Household production and matrimonial property settlements"

Jinsu Yune (Seoul National University), "Economic analysis of the abuse of right doctrine"

Discussants: Shi Young Lee (Chung Ang University), Iljoong Kim (Soongsil University)


Session 25B: Evolution of law II (Main Auditorium of Centennial Building)


Nuno Garoupa (Universidade Nova de Lisboa) and Thomas Ulen (University of Illinois, Urbana-Champaign), "The market for legal innovation: law and economics in Europe and the United States"

Sung Sup Rhee (Soongsil University), "Does judicial review improve market institution?: Case of Korea"

Yoshinobu Zasu (Kobe University), "Social norms and the law: substitutes or complements?"

Taejong Kim (KDI School), "Political economy and population growth in early modern Japan"

Discussants: Kyung Soon Song (LECG Korea), Taejong Kim (KDI School), Jeong-Yoo Kim (Kyung Hee University), Takuma Takahashi (Chuo University)


Session 25B: Contract law (#301 of Building 15)


Ronen Avraham (Northwestern University) and Zhiyong Liu (Northwestern University), "Incomplete contracts with asymmetric information"

Matton van den Berg (Tilburg University) and Peter Kamminga (Tilburg University), "Optimizing contracts for alliances in infrastructure projects"

Alan Chan (University of Western Ontario) and Tai-Yeong Chung (University of Western Ontario), "Contract damage and investment dynamics"

Discussants: Kyoungwon Rhee (Dongguk University), Tai-Yeong Chung (University of Western Ontario), Peter Kamminga (Tilburg University)


Session 25B: Law and Economic Growth (#201 of Building 15)


Hyun Park (Kyung Hee University), "On macroeconomic dynamics of innovation policies and intellectual property"

Abdul Wadud (Rajshahi University), "Financial development and economic growth: A cointegration and error-correction modeling approach for South Asian countries"

Derus Alias (International Islamic University Malaysia), "The role of FDI on economic growth in Malaysia"

Discussants: Derus Alias (International Islamic University Malaysia), Jae-Young Kim (Seoul National University), Abdul Wadud (Rajshahi University)



15:30 - 17:00


Session 25C: Tort law II (Main Auditorium of Centennial Building)


Vincy Fon (George Mason University) and Francesco Parisi (George Mason University), "Comparative causation"

Jan Jose Ganuza (University of Pompeu Fabra) and Fernando Gomez (University of Pompeu Fabra), "Being soft on tort: optimal negligence rule under limited liability"

Jeong-Yoo Kim (Kyung Hee University), "Damage-reducing activity, liability rules and the Good Samaritan rule"

Yoon-Ha Yoo (KDI School) "Uncertainty and negligence rules"

Discussants: Fernando Gomez (University of Pompeu Fabra), Jeong-Yoo Kim (Kyung Hee University), Francesco Parisi (George Mason University), Moriki Hosoe (Kyushu University)


Session 25C: Antitrust and regulated industries II (Subsidiary Auditorium of Centennial Building)


Koki Arai (Osaka University), "Collusion in fuel oil public bidding"

Rhonda Smith (University of Melbourne) and Rachel Trindade (University of Melbourne), "Predatory pricing in aviation markets  an Australian perspective"

Stefan Weishaar (University of Maastricht), "Law and economics analysis of Japanese antitrust legislation"

Discussants: Rhonda Smith (University of Melbourne), Stefan Weishaar (University of Maastricht), Koki Arai (Osaka University)



Session 25C: Corporate and Securities law/ bankruptcy III (#201 of Building 15)


Chung-Ho Kim (Center for Free Enterprise), "Appraisal remedy for corporate mergers in Korea"

Stefka Slavova (World Bank and London School of Economics), "Security Laws and regulation and stock market development in transition economies"

Cecil Duncan Macrae (Singapore Management University), "Unlawful dividends, unjust enrichment and the defence of change of position"

Discussants: Taehong Jinn (Hong Ik University), Cecil Duncan Macrae (Singapore Management University), Chung-Ho Kim (Center for Free Enterprise)


Session 25C: Constitution and Political Economy (#205 of Building 15)


Younghoa Jung (Seokyeong University), "Political economy of the Korean democracy and the constitutional court"

Ling Shen (Bonn University), "When will a dictator be good"

Zhenyu Li (Renmin University of China), "Economic analysis of the equal right of constitution"

Do-Chull Shin (Sookmyung Women's University), "Political economy of capital relocation in Korea"

Discussants: Doh-Chull Shin (Sookmyung Women's University), Sungwhee Shin (University of Seoul), Ling Shen (Bonn University), Younghoa Jung (Seokyeong University)