Law Commons^™

The Debt Ceiling Impasse: It's Madison's Fault, Kent Greenfield

Kent Greenfield

No abstract provided.

New York Adopts A Vat, Richard Thompson Ainsworth

Faculty Scholarship

On August 13, 2010 the New York State Department of Taxation and Finance, Office of Tax Policy Analysis, Taxpayer Guidance Division released Amendments Affecting the Application of Sales Tax to Rent Received for Hotel Occupancy by Room Remarketers. The legislative revision it considers (Chapter 57 of the Laws of 2010) was effective September 1, 2010. The changes brought in by this Chapter effectively converted New York’s Hotel Room Occupancy Tax from a single-stage retail sales tax to multi-stage European-style VAT. This paper considers the New York VAT in hotel accommodations in three sections. The first defines a European-style credit-invoice VAT …

Breve Itinerario Por Las Teorías Del Civil Law Sobre La Personalidad Jurídica: Su Impacto En El Common Law Y En El Levantamiento Del Velo Societario, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

Deconstruyendo Al Homo Economicus: Una Revisión Conductual A Un Paradigma Del Law And Economics, Renzo E. Saavedra Velazco

Renzo E. Saavedra Velazco

State Bankruptcy From The Ground Up, David A. Skeel Jr.

All Faculty Scholarship

After a brief, high profile debate, proposals to create a new bankruptcy framework for states dropped from sight in Washington in early 2011. With the debate’s initial passions having cooled, at least for a time, we can now consider state bankruptcy, as well as other responses to states’ fiscal crisis, a bit more quietly and carefully. In this Article, I begin by briefly outlining a theoretical and practical case for state bankruptcy. Because I have developed these arguments in much more detail in companion work, I will keep the discussion comparatively brief. My particular concern here is, as the title …

Us-Amerikanisches Handels- Und Wirtschaftsrecht, 2d Edition, Michael Van Alstine, Siegfried Elsing

Michael P. Van Alstine

No abstract provided.

The Marginalist Revolution In Corporate Finance: 1880-1965, Herbert J. Hovenkamp

All Faculty Scholarship

During the late nineteenth and early twentieth centuries fundamental changes in economic thought revolutionized the theory of corporate finance, leading to changes in its legal regulation. The changes were massive, and this branch of financial analysis and law became virtually unrecognizable to those who had practiced it earlier. The source of this revision was the marginalist, or neoclassical, revolution in economic thought. The classical theory had seen corporate finance as an historical, relatively self-executing inquiry based on the classical theory of value and administered by common law courts. By contrast, neoclassical value theory was forward looking and as a result …

Tying Noncompetitive Goods, Herbert J. Hovenkamp

All Faculty Scholarship

Many of the classic tying cases involved tied products that were common staples such as button fasteners, canned ink, dry ice, or salt. These products were sold in competitive markets, presumably at prices very close to cost. For most of them the most likely explanations for the tie were quality control or price discrimination, both with competitively benign results in the great majority of situations. When the tied good is sold in a noncompetitive market, however, an additional consumer welfare enhancing result is likely to obtain – namely, the elimination of double marginalization, which occurs when separate sellers of complementary …

Rudolf Callmann And The Misappropriation Doctrine In The Common Law Of Unfair Competition, Christopher Wadlow

Christopher Wadlow

Rudolf Callmann (1892-1976) is a central figure for unfair competition lawyers in both the German civil law and the Anglo-American common law traditions. When he emigrated from Germany to America in the 1930s he was already the author of substantial works on trade marks, unfair competition, and cartel law. In the United States he composed the monumental Callmann on Unfair Competition, Trademarks and Monopolies. This article examines his invocation of the 1918 decision of the Supreme Court in International News Service v Associated Press as the basis for a reformulated common law of unfair competition, eschewing a purely tortious conception …

El Razonamiento Heurístico Y Algunas Implicaciones En El Análisis Económico Del Derecho: El Caso De Las Normas Sobre Donación De Órganos Humanos V2, Daniel Monroy

Daniel A Monroy C

The following article contributes to the latest discussions and judgments that have taken place on the more important postulates of the Economic Analysis of Law. It exists an even nascent line of thought in economics that has accordingly questioned the behaviors of the individuals in the real world; this nascent movement is known as the “Behavioral Economics”, which through the “heuristics” and other hypotheses states a series of contrary ideas to the ones that the neoclassical economics have defended for more than a century.

All the preceding has an evident effect regarding the Economic Analysis of Law. Understanding this situation …

Análisis Económico De La Contratación Pública En Colombia: El Régimen De Contratación Estatal En Colombia Como Herramienta Para La Satisfacción Simultanea De Intereses Particulares Y Colectivos., Daniel Monroy

Daniel A Monroy C

El objetivo principal de este trabajo es evaluar si el actual estatuto de contratación pública en Colombia (Ley 80 de 1993), representa un marco regulatorio adecuado para lograr simultáneamente los fines estatales, así como para satisfacer los interés de los particulares que contratan con las diferentes entidades públicas. Se propone que la coexistencia entre los fines propios del Estado y aquellos estrechamente vinculados con el interés individual es viable, sin embargo, esta hipótesis difícilmente se puede sustentar desde la perspectiva de la economía neoclásica (la Escuela de Chicago), contrario a ello, un enfoque alternativo (v.g. el propio de la Nueva …

Presentación: Análisis Económico De La Contratación Estatal, Daniel Monroy

Daniel A Monroy C

Presentación del artículo "ANÁLISIS ECONÓMICO DE LA CONTRATACIÓN PÚBLICA EN COLOMBIA: El régimen de contratación estatal en Colombia como herramienta para la satisfacción simultanea de intereses particulares y colectivos." En el marco del coloquio ¿Qué intereses económicos protege la regulación"

Presentación: Esquemas De Intervención De Precios En Colombia, Daniel Monroy, Mario A. Pinzón

Daniel A Monroy C

Presentación de los esquemas de intervención de precios en Colombia en el marco del Centro de Estudios "Impacto del Nuevo Sistema de Información de Costos Eficientes en materia de Transporte"

Transnational Corporations As Steering Subjects In International Economic Law: Two Competing Visions Of The, Karsten Nowrot

Indiana Journal of Global Legal Studies

Transnational corporations (TNCs) not only occupy an important status as economic actors on the international scene, but they are also political actors who are increasingly involved in the progressive development and enforcement of the regulatory structures of the international economic system. Against this background, this article focuses on the current status and potential future development of TNCs as steering subjects in international economic law (IEL). It evaluates the role played by this category of nonstate actors in two of the central public international law fields of IEL, namely the legal order of the World Trade Organization (WTO) and the international …

Brown Shoe Versus The Horizontal Merger Guidelines, Keith N. Hylton

Faculty Scholarship

The new Horizontal Merger Guidelines, if treated by courts as a source of law, would reduce the discretion traditionally exercised by courts in defining relevant markets and market power in merger cases. This is an undesirable shift in the balance of power because courts have used the market power inquiry stage of merger analysis as a general checkpoint or weigh station for evaluating factors relevant to the welfare effects of a merger.

Avanzando En La Integración De América Latina: Elementos Jurídico - Económicos Para La Construcción De Una Propuesta En Materia De Convergencia, Iván A. Rojas V

Iván Rojas V

Presentación: Aspectos Generales De Los Servicios Públicos Domiciliarios, Daniel Monroy

Daniel A Monroy C

Presentación aspectos básicos de los servicios públicos en Colombia

Redireccionando El Tratamiento De Los Remedios Legales: Un Nuevo Enfoque Al Literal F Del Artículo 10.2 De La Ley De Represión De Las Conductas Anticompetitivas, John Pineda Galarza

John Pineda Galarza

El autor analiza la prohibición del ejercicio abusivo de remedios legales, recogida en el literal f del artículo 10.2 de la Ley de Represión de las Conductas Anticompetitivas, señalando que la inclusión de dicho supuesto no fue la más acertada. En tal sentido, plantea que debe realizarse un reenfoque del tratamiento de dicha prohibición, pues en su opinión la conducta que tipifi ca debería ser sancionada bajo la modalidad de “actos de indebido ataque procesal”, al amparo de la cláusula general de la Ley de Represión de la Competencia Desleal.

Pateando El Tablero De Juego: A Propósito De La Revisión De La Revisión De Los Actos En Vía Administrativa, Un Comentario Económico Sobre La Revocación Indirecta, John Pineda Galarza

John Pineda Galarza

Constituyen revocaciones indirectas el impedimento o restricción del ejercicio de los derechos o intereses conferidos por un acto administrativo, sin que exista un pronunciamiento expreso desconociendo tales prerrogativas. Todas las revocaciones indirectas son ilegales, porque ello implica que la Administración no siguió el procedimiento establecido en los artículos 203 y 205 de la Ley del Procedimiento Administrativo General (...). Cuando se origine perjuicios económicos indemnizables, la resolución de revocación deberá señalar como mínimo la cuantía de la compensación y la autoridad encargada de efectuar el pago. La indemnización se paga de manera integral, en dinero en efectivo y es exigible …

A Preface To Neoclassical Legal Thought, Herbert J. Hovenkamp

All Faculty Scholarship

Most legal historians speak of the period following classical legal thought as “progressive legal thought.” That term creates an unwarranted bias in characterization, however, creating the impression that conservatives clung to an obsolete “classical” ideology, when in fact they were in many ways just as revisionist as the progressives legal thinkers whom they critiqued. The Progressives and New Deal thinkers whom we identify with progressive legal thought were nearly all neoclassical, or marginalist, in their economics, but it is hardly true that all marginalists were progressives. For example, the lawyers and policy makers in the corporate finance battles of the …

Reforming Limited Liability Law, Kent Greenfield

Kent Greenfield

No abstract provided.

Pricelessness And Life: An Essay For Guido Calabresi, Gregory C. Keating

Gregory C. Keating

This paper - written for a conference celebrating "The Costs of Accidents," three and half decades after its publication - pays tribute to Calabresi's remarkable exploration of the deepest, most disturbing and most difficult problem in the law of accidents. Throughout his long and distinguished career, Guido Calabresi has insisted that a tragic conflict of irreconcilable values lies at the heart of our law of accidents. We are profoundly committed both to "the ideal that life is a pearl beyond price" and to the practice of valuing people's lives in market terms - to the practice of pricing life. We …

Is Tort A Remedial Institution?, Gregory C. Keating

Gregory C. Keating

In the past 30 years, philosophers of tort have performed invaluable work in restoring the concept of a “wrong” to prominence in tort scholarship, and in building a persuasive case that no adequate account of tort can replace the idea of a “wrong” with the idea of a “cost”. The structure of tort adjudication, which pits an injured victim against the party allegedly responsible for injuring her, is powerfully explained and justified by the thesis that the plaintiff has a claim for redress against the defendant when and because the defendant has wronged the plaintiff. The competing claim that tort …

Strict Liability And The Mitigation Of Moral Luck, Gregory C. Keating

Gregory C. Keating

The general problem of moral luck—that responsibility is profoundly affected by factors beyond the control of the person held responsible—has two distinct dimensions in the case of accidental injury (and no doubt in many other cases). One dimension is concerned with attribution of moral blame. Thomas Nagel explains: “If one negligently leaves the bath running with the baby in it, one will realize, as one bounds up the stairs towards the bathroom, that if the baby has drowned one has done something awful, whereas if it has not one has merely been careless.” How badly one has behaved and hence …

The "Sweat Lodge Guru" Guilty Verdict: Recognizing The Deadly Influence Of Authority, Kent Greenfield

Kent Greenfield

No abstract provided.

Panelist, Beyond The Quarterly Report: Managing Risk And Creating Long-Term Value Through Corporate Responsibility, Kent Greenfield

Kent Greenfield

No abstract provided.

Political And Legal Regulation Of Local Authorities’ Handling Of The Petitioners In Beijing(进京接访的政法调控), Meng Hou

Hou Meng

No abstract provided.

Moderator, Globalization, Corporate Accountability, And The Courts, Kent Greenfield

Kent Greenfield

Moderated panel of scholars and practitioners on the corporate exposure to tort liability for involvement in human rights violations.

The Mentality And Expression Of The Petitioners In Supreme Court(最高法院访民的心态与表达), Meng Hou

Hou Meng

No abstract provided.

American And European Monopolization Law: A Doctrinal And Empirical Comparison, Keith N. Hylton, Haizhen Lin

Faculty Scholarship

This paper focuses on the differences between Article 82 and Section 2, reflecting largely on the American experience. We start with a discussion of the American experience and use that as a background from which to examine the European law on monopolies. American law is more conservative (less interventionist), reflecting the error cost analysis that is increasingly common in American courts. The second half of this paper provides an empirical comparison of the American and European regimes. Although a preliminary empirical examination suggests that the scope of a country’s monopolization law is inversely related to its degree of trade dependence, …