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Full-Text Articles in Law
13 Draft For Rockefeller Foundation Innovation Nomination, Karl T. Muth
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Draft for Rockefeller Foundation Innovation Nomination only; not for publication, duplication, or distribution.
Aligned Incentives: Envisioning Syzygy, Karl T. Muth
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.
Fire With Fire: Heterodox Law & Economics, Karl T. Muth
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.
Invisible Ink In The Eighth Arrondissement, Karl T. Muth
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.
With Avarice Aforethought: Insider Trading And 10b5-1 Plans, Karl T. Muth
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 …