Topic
Law and Economics
Posts
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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 -
ArticleVol. 93 · Iss. 2
Price Impact, Materiality, and Halliburton II
The Supreme Court decision in Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014), reaffirmed the availability of the fraud-on-the-market…
Allen Ferrell & Andrew Roper -
ArticleVol. 93 · Iss. 2
Market Intermediation, Publicness, and Securities Class Actions
Securities class actions play a crucial, if contested, role in the policing of securities fraud and the protection of securities markets. The theoretical understanding…
Hillary A. Sale & Robert B. Thompson -
ArticleVol. 93 · Iss. 2
Distortion Other Than Price Distortion
The fraud-on-the-market doctrine adopted in Basic Inc. v. Levinson (“Basic”) allows the plaintiff suing under Rule 10b-5 to satisfy the reliance requirement by showing…
Urska Velikonja -
ArticleVol. 93 · Iss. 2
Corporate Law and the Limits of Private Ordering
The Delaware legislature in 2015 amended the Delaware General Corporation Law to authorize forum-selection bylaws and to prohibit charter or bylaw provisions that would…
James D. Cox -
ArticleVol. 92 · Iss. 6
Appraisal Arbitrage and the Future of Public Company M&A
In this Article, we demonstrate that the stockholder’s appraisal remedy—long-dismissed in corporate law scholarship as useless or worse—is in the middle of a renaissance…
Charles R. Korsmo & Minor Myers -
ArticleVol. 92 · Iss. 6
Understanding the Failures of Market Discipline
“Market discipline”—the theory that short-term creditors can efficiently rein in bank risk through their self-interested actions—has been a central pillar of banking regulation since…
David Min -
NoteVol. 92 · Iss. 1
The Use of Merger Analysis Techniques to Assess the Competitive Effects of Reverse Payment Settlements
Reverse payment settlements, in which a brand drug manufacturer makes a payment to a generic drug manufacturer in exchange for the generic manufacturer delaying…
Michael Toomey -
ArticleVol. 92 · Iss. 1
Social Innovation
This Article provides the first legal examination of the immensely valuable but underappreciated phenomenon of social innovation. Innovations such as cognitive behavioral therapy, microfinance,…
Peter Lee -
NoteVol. 97 · Iss. 5
Returning Right-To-Farm Laws to Their Roots
In 2014, some unlikely culprits—four chickens—generated negative headlines for then-Iowa Congressman Bruce Braley, who was in the midst of a close campaign for an…
Joseph Malanson -
ArticleVol. 91 · Iss. 5
Why Do Cities Innovate in Public Health? Implications of Scale and Structure
Big cities have frequently enacted public health regulations—especially with respect to tobacco use and obesity—that go beyond the state and federal regulatory floors. That…
Paul A. Diller