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Full-Text Articles in Law

On Firms, Sanjukta Paul Aug 2022

On Firms, Sanjukta Paul

Law & Economics Working Papers

This paper is about firms as an instance of economic coordination, and about how we think about them in relation to other forms of coordination as well as in relation to competition and markets. The dominant frame for thinking about firms--which has strongly influenced contemporary competition law as well as serving as a vital adjunct to the fundamental concepts of neoclassical price theory that guide many areas of law and policy--implicitly or explicitly explains and justifies the centralization of both decision-making rights and flows of income from economic activity on productive efficiency grounds. We have very good reasons to doubt …


Subjective Beliefs About Contract Enforceability, Jj Prescott, Evan Starr Jul 2022

Subjective Beliefs About Contract Enforceability, Jj Prescott, Evan Starr

Law & Economics Working Papers

This article assesses the content, role, and adaptability of subjective beliefs about contract enforceability in the context of postemployment covenants not to compete (“noncompetes”). We show that employees tend to believe that their noncompetes are enforceable, even when they are not. We provide evidence for both supply- and demand-side stories that explain employees’ persistently inaccurate beliefs. Moreover, we show that believing that unenforceable noncompetes are enforceable likely causes employees to forgo better job options and to perceive that their employer is more likely to take legal action against them if they choose to compete. Finally, we use an information experiment …


Plant Closings And Reductions In Force, Margaret Hannon Jan 2022

Plant Closings And Reductions In Force, Margaret Hannon

Book Chapters

This chapter examines the effect of federal discrimination laws on permanent layoffs caused by plant closings and reductions in force (RIFs) and discusses the federal Worker Adjustment and Retraining Notification Act (WARN Act), Pub.L. No. 100-379, 102 Stat. 890 (1988), and the Illinois Worker Adjustment and Retraining Notification Act (Illinois WARN Act), 820 ILCS 65/1, et seq. This chapter examines cases in which RIFs have been challenged as violating an employee’s rights under federal age discrimination law, the legal standards applied by the courts in reviewing such challenges, and some particular problems that have arisen in the context of company …


Tenant Rights For Employer-Provided Farmworker Housing, Margaret C. Hannon Jan 2022

Tenant Rights For Employer-Provided Farmworker Housing, Margaret C. Hannon

Articles

Farmworkers in Washington State play a crucial role in food production and distribution, and the success of Washington’s economy rests heavily on its agricultural industry. The agricultural sector employs the greatest amount of people in Washington, “generates more than $5.3 billion in direct revenue, and has a total estimated economic impact on the state of more than $28 billion each year.” In Washington State, there are about 36,000 farms, which encompass 15.3 million acres, “or 37 percent of the state’s land mass.”