law and economics

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Latest blogosphere posts tagged “law and economics”

  • The Endowment Effect and Legal Policy (Highly Wonky Post)


    Concurring OpinionsAuthority Authority: 604
    You Say Endowment, I Say Enhancement Several bloggers have recently discussed Kathy Zeiler and Charles Plott’s work on the endowment effect .  According to Josh Wright, for example: “[Plott/Zeiler] in my view, provide burden-shifting quality evidence that the endowment effect observed in the literature is ...
    2 days ago
  • The Situation of Mortgage Defaults


    The SituationistAuthority Authority: 527
    Brent White recently posted his thoughtful paper, “Underwater and Not Walking Away: Shame, Fear and th e Social Management of the Housing Crisis” on SSRN .  Here’s the abstract. * * * Despite reports that homeowners are increasingly “walking away” from their mortgages, most homeowners continue ...
    1 week ago
  • Email: Fear mongerer or neighborhood policing’s best friend?


    Concurring OpinionsAuthority Authority: 604
    Last week I received at least twenty different emails forwarding the same story about a house in my town that was almost burglarized.  A man with a rake who appeared to be looking for work knocked on a front door and realized it was open.  He went to the sidewalk and consulted with his friends.  The owner, who was ...
    1 week ago
  • The Worship Of Monkeys


    ANTIDOTEAuthority Authority: 467
    Bandar ke haath mein talwar – these words come to mind when reading the top stories in the news today: The Sword is in the hands of a Monkey. Indeed, monkeys, our closest cousins, make for an interesting case towards a better understanding of human morality. Note that monkeys cannot trade – they only steal ...
    1 week ago
  • On A Top Professor... And Second-Class Citizens


    ANTIDOTEAuthority Authority: 467
    Thanks to Hayek Order providing the link , we have the Swaminathan Aiyar-Jean Dreze debate on the NREGA (rural workfare scheme) – the Flagship of the Chacha State – as the first topic on our agenda this misty morning. Although Aiyar concludes against this corrupt idea, nowhere does he use the term “economic ...
    2 weeks ago
  • For Liberty, Against Democracy


    ANTIDOTEAuthority Authority: 467
    A bumper sticker Scott Horton sent me reads: “Bad Criminals Go To Jail, The Best Go To Washington.” It was shortly after enjoying a great laugh these stickers gave me that I read the news about how MNS chauvinists roughed up an MLA for taking his oath in Hindi. The headline in the Times of India is ...
    2 weeks ago
  • The Limits of Antitrust Revisited


    Organizations and MarketsAuthority Authority: 516
    | Dick Langlois | I also just returned from an interesting conference, this one at the Searle Center at Northwestern Law School. The topic was the 25 th anniversary of Frank Easterbrook’s 1984 paper “The Limits of Antitrust.” Here’s the agenda. I don’t think the papers are all available online, but ...
    3 weeks ago
  • Sidak and Teece on Dynamic Competition


    Organizations and MarketsAuthority Authority: 516
    | Peter Klein | A “neo-Schumpeterian” framework for antitrust analysis that favors dynamic competition over static competition would put less weight on market share and concentration in the assessment of market power and more weight on assessing potential competition and enterprise-level capabilities. By ...
    3 weeks ago
  • On Mining, Property, IAS and HEICS


    ANTIDOTEAuthority Authority: 467
    Mining – this is the sector in the news today, with two editorials on it. The context is political corruption and subversion of democracy. I recommend both: Mint , here ; and the Express , here . What I would like to add to these learned opinions is something my father once told me. He said, “Son, in the USA ...
    3 weeks ago
  • An Economic Analysis of Immoral Contracts in Roman Law


    Law & Humanities BlogAuthority Authority: 125
    Péter Cserne, Tilburg Law and Economics Center (TILEC), and Gergely Deli have published "Contracts and Morals: Towards an Economic Analysis of Immoral Contracts in Ancient Rome," as TILEC Discussion Paper 2009-037. Here is the abstract. The way we nowadays think about “immoral” contracts is based on a number of ...
    4 weeks ago
  • Nemo dat v bona fide


    skepticlawyerAuthority Authority: 466
    Sometimes, both sides of an argument are right. Not just partly right, or right on odd numbered days, or right only under certain circumstances. They’re both right for all time, and — ceteris paribus — under all circumstances.  Some of the thorniest problems in public policy are of this type, and when they ...
    4 weeks ago
  • Another Ugly, Corrupt, Exploitative MONOPOLY


    ANTIDOTEAuthority Authority: 467
    Mint has come up with an extremely important editorial today, on delays in the judicial system, and their huge economic and social costs. The marginalization of our poor people begins here, they say; this is why the poor take to extremism. All extremist groups operate kangaroo courts. This has increased the costs ...
    4 weeks ago
  • Guru Finds A Guru


    ANTIDOTEAuthority Authority: 467
    Guru and I smoked a great chillum last morn, after which he said something wise. Simple stoners are known to do such things quite often. He said: Saab ji, is desh mein bas Bhola ka naam hai, unka kaam nahin hai. Sadhu-mahatmaon ko bhi charas nahin milti. Hamara kya hoga. Hum tho chhup ke peetay hain. He asked ...
    4 weeks ago
  • Little Brother Is Watching You: New Paternalism on the Slippery Slopes


    ThinkMarketsAuthority Authority: 558
    by Mario Rizzo    Glen Whitman and I have published another article about the new paternalism – it appears in the Arizona Law Review , volume 51, no. 3 (2009). You can get it here .  This article applies a slippery-slope or policy-dynamic analysis to the “moderate” policies proposed by some new ...
    4 weeks ago

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