Topic
Law and Economics
Posts
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ArticleVol. 87 · Iss. 1
Hidden Taxes
The idea of hidden taxes is as old as John Stuart Mill, but convincing evidence of their existence is new. In this Article, I…
Brian Galle -
Online2021
The Case for Banning Off-Label Use
New uses for drugs that are already on the market could help treat hundreds of diseases and thousands of people; however, the current system…
Christian Wolfgram -
ArticleVol. 94 · Iss. 2
Activist Hedge Funds and the Corporation
The long-term effects of hedge fund activism are controversial. Some empirical studies document that activism is associated with increased long-term firm value, suggesting that…
Martijn Cremers, Saura Masconale & Simone M. Sepe -
ArticleVol. 94 · Iss. 1
Antitrust in Zero-Price Markets: Applications
“Free” products have exploded in popularity along with widespread Internet adoption—but many of them are not truly free. Customers often trade their attention or…
John M. Newman -
ArticleVol. 95 · Iss. 2
Innovation Snowballing and Climate Law
Findings at the frontier of economics suggest startling implications of an under-appreciated fact about technological development: innovation builds on itself, developing path dependencies in…
Zachary Liscow & Quentin Karpilow -
ArticleVol. 96 · Iss. 5
Second-Best Criminal Justice
Criminal procedure reform can be understood as a “second-best” enterprise. The general theory of second best applies where an ingredient necessary for a “first-best”…
William Ortman -
ArticleVol. 96 · Iss. 3
Corporate Short-Termism and Intertemporal Choice
This paper presents an intertemporal model of short-termism. Critics have portrayed short-termism in broad brushstrokes as the bane of corporate governance. But short-termism does…
Robert J. Rhee -
ArticleVol. 96 · Iss. 2
Noncompetes as Tax Evasion
Al Capone famously boasted of his criminal empire: “Some call it bootlegging. Some call it racketeering. I call it a business.” Treasury Agent Frank…
Rebecca N. Morrow -
ArticleVol. 96 · Iss. 1
Balancing the Conspiracy’s Books: Inter-Competitor Sales and Price-Fixing Cartels
Price fixing is antithetical to a free-market economy. Competitive markets supply goods and services to consumers at the lowest efficient prices. Unfortunately, many businesses…
Christopher R. Leslie -
ArticleVol. 93 · Iss. 5
Pay It Forward? Law and the Problem of Restricted-Spending Philanthropy
American foundations and other philanthropic giving entities hold about $1 trillion in investment assets, and that figure continues to grow every year. Even as…
Brian Galle -
ArticleVol. 93 · Iss. 4
Consumer Protection in the Age of Big Data
The Big Data revolution is upon us. Technological advances in the degree to which third parties can record information about individuals, along with increases…
Max N. Helveston -
ArticleVol. 93 · Iss. 2
Event Studies in Securities Litigation: Low Power, Confounding Effects, and Bias
An event study is a statistical method for determining whether some event—such as the announcement of earnings or the announcement of a proposed merger—is…
Alon Brav & J. B. Heaton