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Articles 1 - 30 of 34
Full-Text Articles in Law and Economics
The Legal Origins Theory In Crisis, Lisa M. Fairfax
The Legal Origins Theory In Crisis, Lisa M. Fairfax
BYU Law Review
No abstract provided.
Rethinking The "Law And Finance" Paradigm, Katharina Pistor
Rethinking The "Law And Finance" Paradigm, Katharina Pistor
BYU Law Review
No abstract provided.
A "Law & Personal Finance" View Of Legal Origins Theory, Karl S. Okamoto
A "Law & Personal Finance" View Of Legal Origins Theory, Karl S. Okamoto
BYU Law Review
No abstract provided.
Legal Origins, Investor Protection, And Canada, Poonam Puri
Legal Origins, Investor Protection, And Canada, Poonam Puri
BYU Law Review
No abstract provided.
Competition Policy And Comparative Corporate Governance Of State-Owned Enterprises, D. Daniel Sokol
Competition Policy And Comparative Corporate Governance Of State-Owned Enterprises, D. Daniel Sokol
BYU Law Review
No abstract provided.
Unpacking Adaptibility, Andreas Engert, D. Gordon Smith
Unpacking Adaptibility, Andreas Engert, D. Gordon Smith
BYU Law Review
No abstract provided.
Legal Origins And The Tasks Of Corporate Law In Economic Development: A Preliminary Exploration, John Ohnesorge
Legal Origins And The Tasks Of Corporate Law In Economic Development: A Preliminary Exploration, John Ohnesorge
BYU Law Review
No abstract provided.
Mixing-And-Matching Across (Legal) Family Lines, J. Mark Ramseyer
Mixing-And-Matching Across (Legal) Family Lines, J. Mark Ramseyer
BYU Law Review
No abstract provided.
Trust In The Shadows: Law, Behavior, And Financial Re-Regulation, Raymond H. Brescia
Trust In The Shadows: Law, Behavior, And Financial Re-Regulation, Raymond H. Brescia
Buffalo Law Review
No abstract provided.
Corporate And Business Law, Laurence V. Parker
Corporate And Business Law, Laurence V. Parker
University of Richmond Law Review
No abstract provided.
Bankruptcy Law, Hon. Douglas O. Tice Jr., Suzanne E. Wade, K. Elizabeth Sieg
Bankruptcy Law, Hon. Douglas O. Tice Jr., Suzanne E. Wade, K. Elizabeth Sieg
University of Richmond Law Review
No abstract provided.
Private Production Of Public Goods: Liability For Unrequested Benefits, Ariel Porat
Private Production Of Public Goods: Liability For Unrequested Benefits, Ariel Porat
Michigan Law Review
This Article explores why the law treats negative externalities (harms) and positive externalities (benefits) differently. Ideally, from an economic perspective, both negative and positive externalities should be internalized by those who produce them, for with full internalization, injurers and benefactors alike would behave efficiently. In actuality, however, whereas the law requires that injurers bear the harms they create (or wrongfully create), benefactors are seldom entitled to recover for benefits they voluntarily confer on recipients without the latter's consent ( "unrequested benefits"). One aim of this Article is to explore the puzzle of the law's differing treatment of negative and positive …
Making Transfer Of Clean Technology Work: Lessons Of The Clean Development Mechanism, Mei Gechlik
Making Transfer Of Clean Technology Work: Lessons Of The Clean Development Mechanism, Mei Gechlik
San Diego International Law Journal
This Article takes a closer look at the case of China to fill the gap. It draws on numerous sources including Chinese laws and regulations, the country's policies on climate change, the country's technological capabilities and business environment, observations made by CDM specialists, and other studies of CDM projects. Such a comprehensive discussion, together with Dechezleprete et al.'s findings, will present a more complete picture of what actually drives the transfer of clean technologies to China and will, therefore, help design an effective post-Kyoto framework to facilitate international diffusion of clean technologies.
Human Rights Law On Trial In The Drc, William Paul Simmons
Human Rights Law On Trial In The Drc, William Paul Simmons
Human Rights & Human Welfare
The ongoing tragedy in Eastern Congo contains so many tragic lessons that it should shake to their very foundations all comfortable ideologies about human rights and politics. The atrocities in the DRC should implicate all but have so far resulted in almost limitless impunity. Here, I briefly put human rights law on trial for its role in perpetuating this tragedy.
Real Property, Mortgages, And The Economy: A Call For Ethics And Reforms, Shelby D. Green
Real Property, Mortgages, And The Economy: A Call For Ethics And Reforms, Shelby D. Green
Pace Law Review
No abstract provided.
Disquiet On The Home Front: Disturbing Crises In The Nation's Markets And Institutions, Shelby D. Green
Disquiet On The Home Front: Disturbing Crises In The Nation's Markets And Institutions, Shelby D. Green
Pace Law Review
No abstract provided.
The Fault Principle As The Chameleon Of Contract Law: A Market Function Approach, Stefan Grundmann
The Fault Principle As The Chameleon Of Contract Law: A Market Function Approach, Stefan Grundmann
Michigan Law Review
This Article begins with a comparative law survey showing that all legal systems do not opt exclusively for fault liability or strict liability in contract law, but often adopt a more nuanced approach. This approach includes intermediate solutions such as reversing the burden of proof, using a market ("objective") standard of care, distinguishing between different types of contracts, and providing a "second chance" to breaching parties. Taking this starting point seriously and arguing that it is highly unlikely that all legal systems err, this Article argues that the core question is how and when each liability regime should prevail or …
Order Out Of Chaos: Products Liability Design-Defect Law, Dominick Vetri
Order Out Of Chaos: Products Liability Design-Defect Law, Dominick Vetri
University of Richmond Law Review
No abstract provided.
Has Corporate Law Failed? Addressing Proposals For Reform, Antony Page
Has Corporate Law Failed? Addressing Proposals For Reform, Antony Page
Michigan Law Review
Part I of this Review discusses the modem "nexus of contracts" approach to corporations and highlights how Greenfield's views differ. Part II examines corporate goals and purposes, suggesting that Greenfield overstates the impact of the shareholder-primacy norm and does not offer a preferable alternative. Part III critiques the means to the ends--Greenfield's proposals for changing the mechanics of corporate governance. Although several of his proposals are intriguing, they seem unlikely to achieve their pro-social aims. This Review remains skeptical, in part because-even given its problems-the U.S. "director-centric governance structure has created the most successful economy the world has ever seen." …
The Chinese Regulatory Licensing Regime For Pharmaceutical Products: A Law And Economics Analysis, Qing Zhang
The Chinese Regulatory Licensing Regime For Pharmaceutical Products: A Law And Economics Analysis, Qing Zhang
Michigan Telecommunications & Technology Law Review
China's pharmaceutical market has expanded dramatically in the past twenty years and is expected to become the largest in the world by the year 2050. However, entry to the market remains difficult for many international pharmaceutical manufacturers due to the country's costly and complicated regulatory licensing requirements. This Article provides an overview of the regulatory licensing regime for pharmaceutical products in China. Then, the Article evaluates three key features of the regulatory licensing regime through a law and economics approach. These features include the use of licensing, as contrasted with alternative regulatory and non-regulatory mechanisms; the standards to be met …
Legal Limbo: Where Should The Guantanamo Uighurs Be Released?, William L. Tucker
Legal Limbo: Where Should The Guantanamo Uighurs Be Released?, William L. Tucker
ILSA Journal of International & Comparative Law
The September 11, 2001 attacks on the United States shocked the world's conscience and changed the American public's feeling of vulnerability.
Insufficient Activity And Tort Liability: A Rejoinder, David Gilo, Ehud Guttel
Insufficient Activity And Tort Liability: A Rejoinder, David Gilo, Ehud Guttel
Michigan Law Review First Impressions
In our article, Negligence and Insufficient Activity, we proposed that tort scholarship has overlooked the risk that injurers will behave strategically in setting their activity levels. Whereas the standard literature has predicted that injurers who are subject to a negligence regime will often invest efficiently in care but choose excessive activity levels, we showed that they may do exactly the opposite: injurers may deliberately restrict their activity to avoid investments in socially desirable precaution. After reviewing the conditions that may give rise to the risk of insufficient activity, we examined the ways in which the legal system can minimize the …
Activity Levels Under The Hand Formula: A Comment On Gilo And Guttel, Richard A. Epstein
Activity Levels Under The Hand Formula: A Comment On Gilo And Guttel, Richard A. Epstein
Michigan Law Review First Impressions
A response to David Gilo & Ehud Guttel, Negligence and Insufficient Activity: The Missing Paradigm in Torts, 108 Mich. L. Rev. 277 (2009). Within the law and economics field, there often surfaces a near hypnotic attraction to the Hand formula as the one and only tool that drives tort law toward economic efficiency. Hand's intuition was, of course, that the test for efficiency requires a balancing of three variables. The burden of taking particular precautions is compared to the expected loss from some activity, which in turn consists of the likelihood of some particular harm multiplied by its anticipated severity. …
Another Theory Of Insufficient Activity Levels, Mark Grady
Another Theory Of Insufficient Activity Levels, Mark Grady
Michigan Law Review First Impressions
A response to David Gilo & Ehud Guttel, Negligence and Insufficient Activity: The Missing Paradigm in Torts, 108 Mich L. Rev. 277 (2009). Professors David Gilo and Ehud Guttel have written an important article on the tendency of the negligence rule to produce inefficiently low activity levels. In Negligence and Insufficient Activity: The Missing Paradigm in Torts, the authors claim insufficient activity to be the "missing paradigm" in tort theory. Although I agree with Gilo and Guttel that this missing paradigm is central to negligence doctrine, I disagree with them about how insufficient activity levels arise.
Insufficient Analysis Of Insufficient Activity, Kenneth S. Abraham
Insufficient Analysis Of Insufficient Activity, Kenneth S. Abraham
Michigan Law Review First Impressions
A response to David Gilo & Ehud Guttel, Negligence and Insufficient Activity: The Missing Paradigm in Torts, 108 Mich L. Rev. 277 (2009). In Negligence and Insufficient Activity: The Missing Paradigm in Torts, David Gilo and Ehud Guttel argue that negligence law encourages inefficiently high and low levels of activity because negligence law ordinarily does not take activity levels into account. They suggest that the law should impose liability for failing to take safety precautions-even where precautions would not be cost-justified-whenever the threat of this liability negates the incentive for an actor to choose an insufficient level of activity. Until …
Dilution Of Liability And Multiple Tortfeasors In The Context Of Liability For Unrequested Precautions, Assaf Jacob
Dilution Of Liability And Multiple Tortfeasors In The Context Of Liability For Unrequested Precautions, Assaf Jacob
Michigan Law Review First Impressions
A Response to Ariel Porat, Private Production of Public Goods: Liability for Unrequested Benefits, 108 Mich. L. Rev. (2009). One of the more intriguing questions in tort law is the case of joint and several tortfeasors and the dilution-of-liability puzzle. When harm materializes and there are multiple potential tortfeasors, the law tends to limit the number of joint tortfeasors, focusing the final burden on a small number of actors. This limitation is achieved by several legal mechanisms, such as a no duty rule, a narrow interpretation of negligence, a restrictive implementation of the causal link (be it the but for …
Tort Liability For Software Developers: A Law & Economics Perspective, 27 J. Marshall J. Computer & Info. L. 199 (2009), T. Randolph Beard, George S. Ford, Thomas M. Koutsky, Lawrence J. Spiwak
Tort Liability For Software Developers: A Law & Economics Perspective, 27 J. Marshall J. Computer & Info. L. 199 (2009), T. Randolph Beard, George S. Ford, Thomas M. Koutsky, Lawrence J. Spiwak
UIC John Marshall Journal of Information Technology & Privacy Law
This article explores the economic rationale for applying product liability law to computer software. As demonstrated in the article, a well-designed liability regime must place liability upon all parties who economically control the risks of accidents. Accordingly, this article finds that strict liability may be appropriate for certain types of “intrinsic” software, but not for other types of software requiring that the customer be actively involved in the selection, operation and maintenance thereof. The authors show that for this type of “extrinsic” software, a strict liability rule is unlikely to be economically optimal and, therefore, choosing a generic liability regime …
Domino Effect Of The Current Economic Crisis, Sue K. Varon, Martin S. Varon
Domino Effect Of The Current Economic Crisis, Sue K. Varon, Martin S. Varon
Richmond Journal of Law and the Public Interest
The deepening recession, increased unemployment, and stalled housing market have negatively impacted the financial situation of most clients of the family lawyer. Many clients' homes are underwater because of declining values. Those divorcing couples fortunate enough to have equity in their most significant marital asset, their home, are unable to sell it. Combined with the plummeting value of retirement accounts, practitioners are looking at marital asset balance sheets that are nothing less than bleak.
The Death Of Copyright Protection In Individual Price Valuations, A Flawed Merger Doctrine, And Financial Market Manipulation: New York Mercantile Exchange V. Intercontinentalexchange, Jeremy V. Murray
Buffalo Law Review
No abstract provided.
Vebas To The Rescue: Evaluating One Alternative For Public Sector Retiree Health Benefits, 42 J. Marshall L. Rev. 879 (2009), Susan E. Cancelosi
Vebas To The Rescue: Evaluating One Alternative For Public Sector Retiree Health Benefits, 42 J. Marshall L. Rev. 879 (2009), Susan E. Cancelosi
UIC Law Review
No abstract provided.