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Social and Behavioral Sciences Commons™

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Selected Works

2002

Law and Economics

Articles 1 - 3 of 3

Full-Text Articles in Social and Behavioral Sciences

Imported Capital Dependency As An Economic Development Strategy: The Failure Of Distortionary Tax Policies In Puerto Rico, Joseph Pelzman Dec 2002

Imported Capital Dependency As An Economic Development Strategy: The Failure Of Distortionary Tax Policies In Puerto Rico, Joseph Pelzman

Joseph Pelzman

The use of tax holidays and other financial incentives designed to attract foreign investment is an old development strategy which like a magic pill has substantial negative side effects. There are many factors that influence the flow of investment across borders. An increase in the rate of return as exemplified by a deferral of taxes is but one factor among many including, but not limited to, the quality of host location infrastructure, the human capital of the participating labor force, the state of health care provision, the state of telecommunication coverage, etc., that enter a multinational’s decision tree and determine …

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Equity And Efficiency In Markets For Ideas, Richard Adelstein Dec 2001

Equity And Efficiency In Markets For Ideas, Richard Adelstein

Richard Adelstein

Intellectual property and patent protection in light of the AIDS crisis in Africa.

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Stopping Above-Cost Predatory Pricing, Aaron S. Edlin Dec 2001

Stopping Above-Cost Predatory Pricing, Aaron S. Edlin

Aaron Edlin

Since 1993 when the Supreme Court decided Brooke Group, no predatory pricing plaintiff has prevailed in a final determination in the federal courts. This decision was the ultimate triumph of the Chicago School antitrust scholars and judges like Frank Easterbrook, who have argued that predation is like dragons and that there is no sufficient reason for antitrust law or the courts to take it seriously. This article argues, however, that the Court's reading of the law is unduly narrow and should be revisited. There is no compelling reason to restrict predation cases to below-cost pricing, as above-cost pricing can also …

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