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Program News

Avishalom Tor delivers behavioral antitrust talk to the Department of Justice antitrust division

Avishalom Tor, professor and director of the Research Program on Law and Market Behavior at Notre Dame Law School, delivered a virtual lecture to lawyers and economists of the Department of Justice’s antitrust division in Washington D.C. and throughout the country earlier this summer. 

The lecture was part of a series exploring new frontiers in economics and competition policy. Tor’s talk, “Behavioral Lessons for Antitrust Enforcement,” challenged attendees to think about antitrust enforcement in new ways and to consider the application of empirical behavioral findings to antitrust law and policy.

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Featured Research: Is the Staggered Board Debate Really Settled

Martijn Cremers June 2018 150

The debate over staggered boards is heating up, largely because of the appearance of novel studies—including our own prior research—that challenge the results of earlier works documenting a negative impact of staggered boards on firm value. Meanwhile, a third way has appeared in this debate. In a recent article in the University of Pennsylvania Law Review, Settling the Staggered Board Debate, Professors Amihud, Schmid, and Davidoff Solomon (ASDS) purport to settle this debate, arguing that neither the position in favor or against staggered boards “has empirical support and, on average, a staggered board has no significant effect on firm value.” This article by K.J. Martijn Cremers, Simone Sepe, and Saura Masconale addresses the ASDS study and shows that the staggered board debate is very much alive rather than settled.  Read more here.  

Events

The Lucerne Academy

Monday, July 5, 2021

The Lucerne Academy will take place from July 5th through the 9th, 2021.…

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