Topic
Law and Economics
Posts
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NoteVol. 87 · Iss. 1
Veterans at the Gates: Exploring the New GI Bill and Its Transformative Possibilities
The Post-9/11 Veterans Educational Assistance Act of 2008 (“Act”)—popularly referred to as the “GI Bill for the 21st century”—restores veterans’ educational benefits to the…
Joseph B. Keillor -
ArticleVol. 87 · Iss. 1
Trust & Transparency: Promoting Efficient Corporate Disclosure Through Fiduciary-Based Discourse
Could embracing the philosophy of “encapsulated trust” as the basis for a fiduciary duty of disclosure improve the integrity and effectiveness of corporate communications?…
Michael R. Siebecker -
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