Law Commons^™

Google Law?, F.E. Guerra-Pujol

F.E. Guerra-Pujol

In this paper, we discuss the details of our proposed "Google law" or "turing trial" experiment and offer a tentative proof of concept for our alternative model for trying cases and resolving disputes; that is, we tentatively specify the conditions under which our alternative model of justice would work in practice. In addition, we assume the role of a justice entrepreneur and propose the creation of a competitive justice market in place of state-owned courts and the existing government monopoly over the supply of justice. To this end, we explain why a competitive market for justice is not only feasible …

Legal Applications Of Modern Finance, Matthew E. Cavanaugh Mba Cpa Esq.

Matthew E. Cavanaugh MBA CPA Esq.

While scholars and practitioners have applied economics to law successfully for decades, there has been almost no similar application of modern finance. Courts have used the central concept of classical finance, time value of money, for many years, but their use is still unsophisticated.

This article details two ways to apply modern finance to law. This article first describes a method of improving courts’ time value of money calculations, by using a systematically complete four factor analysis to determine the appropriate discount rate. This article then describes a method of calculating future damages that uses market price of risk, based …