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Full-Text Articles in Law and Economics
Non-Compete Legislation Is Getting Worse With Latest Revisions, Nathan B. Oman
Non-Compete Legislation Is Getting Worse With Latest Revisions, Nathan B. Oman
Nathan B. Oman
No abstract provided.
Money Norms, Julia Y. Lee
Money Norms, Julia Y. Lee
Julia Lee
Money norms present a fundamental contradiction. Norms embody the social sphere, a system of internalized values, unwritten rules, and shared expectations that informally govern human behavior. Money, on the other hand, evokes the economic sphere of markets, prices, and incentives. Existing legal scholarship keeps the two spheres distinct. Money is assumed to operate as a medium of exchange or as a tool for altering the payoffs of different actions. When used to make good behavior less costly and undesirable behavior more costly, money functions to incentivize, sanction, and deter. Although a rich literature on the expressive function of law exists, …