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Articles 1 - 5 of 5
Full-Text Articles in Law
Welfare Enhancing Regulation Exemptions, Murat C. Mungan
Welfare Enhancing Regulation Exemptions, Murat C. Mungan
Scholarly Publications
Sanctions for regulation violations are used to deter conduct which could potentially result in great social harms. This practice over-deters talented entities and under-deters untalented entities, which leads to social losses. This paper analyzes whether and how such social losses can be mitigated. I show that this can be achieved by allowing regulatees to purchase passes exempting them from regulations at appropriate prices.
False Efficiency And Missed Opportunities In Law And Economics, Shawn J. Bayern
False Efficiency And Missed Opportunities In Law And Economics, Shawn J. Bayern
Scholarly Publications
This Article points out a simple flaw common to many law-and-economics analyses, ranging from fundamental models like the Hand Formula to narrower arguments like those that oppose the doctrine of unconscionability.
The flaw is straightforward: economic analyses of law often assume, either implicitly or explicitly that when it is more efficient for an activity to occur than for it not to occur it is efficient for legal rules to encourage the activity. Even on grounds of efficiency alone, however, knowing in isolation whether an activity produces more wealth than its absence is insufficient to conclude that the activity is efficient. …
Complex Financial Institutions And Systemic Risk, Manuel A. Utset
Complex Financial Institutions And Systemic Risk, Manuel A. Utset
Scholarly Publications
No abstract provided.
Economics, Behavioral Biology, And Law, Erin O'Hara O'Connor
Economics, Behavioral Biology, And Law, Erin O'Hara O'Connor
Scholarly Publications
This article compares the relevance to law of two unexpectedly similar fields: economics and behavioral biology. It first examines the assumptions, core concepts, methodological tenets, and emphases of the two fields. It then compares the interdisciplinary fields of law and economics, on one hand, with law and behavioral biology, on the other—highlighting not only important similarities but also important differences. The article subsequently explores ways that biological perspectives on human behavior may, among other things, improve economic models and the behavioral insights they generate. The article concludes that although there are important differences between the two fields, the overlaps between …
Keeping Republics Republican, Rob Atkinson
Keeping Republics Republican, Rob Atkinson
Scholarly Publications
No abstract provided.