Law Commons^™

Unlike previous work examining marriage and divorce law from an economic perspective, this article critiques traditional economic theory, which frequently fails to address issues like "trust" and “trustworthiness” in the forming of contractual and marital relationships, as well as a number of rules within the modern American marriage and divorce system. Additionally, the article also demonstrates how a number of rules within both marriage and divorce systems can be better understood and evaluated from a behavioral economic perspective and suggests how those legal systems may be developed in the future.

The practical implications of this article are threefold. First, it …

For a long time, economists have been baffled as to why Hollywood studios continue to produce movies with blockbuster-sized budgets (i.e. movies with budgets over $100 million), when producing those movies expose those studios to considerable economic risk. By explaining the unique economics of the film industry, and the effect of the Paramount (antitrust) rules on film distribution contracts, this article provides an explanation to the puzzle of the blockbuster that is confirmed by recent trends in the film industry. Additionally, by using the film industry as a model, this article also demonstrates how relational contracting can be understood as …

For a long time, economists and investors have been baffled as to why Studios continue to produce movies with "blockbuster"-sized budgets (i.e. movies with budgets over $100 million) when producing those movies expose Studios to considerable economic risk.

By explaining the unique economics of the Film industry, and the effect of the Paramount (antitrust) rules on Film distribution contracts, this article provides an explanation to the puzzle of the blockbuster that is confirmed by recent trends in Film industry. Additionally, by using the Film industry as a model, this article also demonstrates how relational contracting can be understood as a …

The article critiques traditional economic theory, which frequently fails to address issues like "trust" in the forming of both contractual and marital relationships, and addresses problems within both the American and Islamic marriage & divorce systems from a behavioral economic, and comparative, perspective.