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Full-Text Articles in Law

Institutional Choice In An Economic Crisis, David A. Skeel Jr. Jan 2013

Institutional Choice In An Economic Crisis, David A. Skeel Jr.

Faculty Scholarship at Penn Law

Neil Komesar’s work has transformed our understanding of how institutional analysis should be done. There is one very surprising omission from the breathtaking range of Komesar’s oeuvre, however: he has never directly applied his framework to crises. My aim in this Article is to advance, at least in a small way, our understanding of institutional choice during and after an economic crisis. Part I very briefly revisits the recent crisis, emphasizing its institutional dimensions. Part II identifies three puzzles posed by a crisis for standard Komesarian analysis. Part III then shows how Eric Posner and Adrian Vermeule’s ...


Shleifer's Failure, Jonathan Klick Jan 2013

Shleifer's Failure, Jonathan Klick

Faculty Scholarship at Penn Law

No abstract provided.