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Full-Text Articles in Law

13 Draft For Rockefeller Foundation Innovation Nomination, Karl T. Muth Dec 2012

13 Draft For Rockefeller Foundation Innovation Nomination, Karl T. Muth

Karl T Muth

Draft for Rockefeller Foundation Innovation Nomination only; not for publication, duplication, or distribution.


Na, Karl T. Muth Dec 2012

Na, Karl T. Muth

Karl T Muth

Not Applicable


Aligned Incentives: Envisioning Syzygy, Karl T. Muth Nov 2010

Aligned Incentives: Envisioning Syzygy, Karl T. Muth

Karl T Muth

In the wake of the failure of AIG, this paper deals with the question of whether incentive alignment is truly the problem with contemporary insurance products (as many in the media and the economics community have alleged) by examining two hypothetical types of insurance where incentives are extraordinarily well-aligned.


Guioco Piano: The Acquiree's Dilemma, Karl T. Muth, Hans Trees Dec 2009

Guioco Piano: The Acquiree's Dilemma, Karl T. Muth, Hans Trees

Karl T Muth

This article discusses strategic decisions made by the acquiree in an M&A scenario and also includes a case study on Zond Energy and Enron.


Fire With Fire: Heterodox Law & Economics, Karl T. Muth Dec 2009

Fire With Fire: Heterodox Law & Economics, Karl T. Muth

Karl T Muth

This Article first examines, from a historical perspective, the evolution of the law-and-economics movement. It then critically examines the application of economic principles the legal analysis, paying particular attention to how the political process has shaped the law-and-economics scholarship. Finally, it concludes that the principles of law-and-economics, while fundamentally sound, are often misapplied, too narrowly interpreted, and aggregated into a single viewpoint that is politically convenient rather than academically honest.


Googlestroika: Privatizing Privacy, Karl T. Muth Jul 2009

Googlestroika: Privatizing Privacy, Karl T. Muth

Karl T Muth

This is part of a slide deck from a presentation given in July 2009 in Washington, D.C. by Karl T. Muth. Those interested in discussing this material or obtaining the full slide deck should contact the author at rhetoric@uchicago.edu.


Invisible Ink In The Eighth Arrondissement, Karl T. Muth Dec 2008

Invisible Ink In The Eighth Arrondissement, Karl T. Muth

Karl T Muth

IMPORTANT: This document may prompt you for a username and password. If this occurs, please simply click "cancel" and the document will load. Thank you. This Article deals with the history of the secret contract that governs the distribution of economic rents enjoyed by Formula One. It further explores the environment in which this secret contract evolved and briefly discusses applications for secret contracts in other scenarios and industries.


Flying Passports Of Convenience, Karl T. Muth Dec 2008

Flying Passports Of Convenience, Karl T. Muth

Karl T Muth

This paper proposes an economic alternative to the legal construct of citizenship that currently dominates international law.


The Fragile Armistice: The Legal, Economic, And Policy Implications Of Trading In A Competitor's Stock, Karl T. Muth Dec 2008

The Fragile Armistice: The Legal, Economic, And Policy Implications Of Trading In A Competitor's Stock, Karl T. Muth

Karl T Muth

This paper examines the legal and other implications when a corporation elects to use corporate treasury resources to trade in a competitor's stock, with a primary focus on short-selling of a direct competitor's stock and the reaction of markets, media, and stakeholders to this activity, as well as a discussion of the practice's relative rarity. Included are brief discussions of the history of securities law around short-selling, the legal landscape internationally, and the timeliness of this particular issue in the context of the market conditions of Q3/Q4-2008.


With Avarice Aforethought: Insider Trading And 10b5-1 Plans, Karl T. Muth Dec 2008

With Avarice Aforethought: Insider Trading And 10b5-1 Plans, Karl T. Muth

Karl T Muth

The 10b5-1 plan and its growing popularity create a variety of governance problems and temptations for executives at publicly-traded corporations. The thought, in creating a safe harbor for such plans, was to allow insiders to diversify their individual holdings while in possession of nonpublic, material information. The 10b5-1 plan allows the actual liquidation transaction to occur while the plan participant is in possession of inside information, so long as the orders or instructions causing the trade were created as part of a "plan" that predates the insider's acquisition of the pertinent information. This creates a sort of time machine, where …