The John M. Olin Program in Law and Economics

Research

The Price of Cheeky Contracting
G. Mitu Gulati
An implication of the incompleteness of contracts is that there are going to be gaps and ambiguities that either side can exploit. We ask whether the... MORE
The Law and Economics of Animus
Andrew Hayashi
People sometimes want to harm other people. This truism points to a blind spot in law and economics scholarship, which generally assumes that people... MORE
Antibribery Law
Paul B. Stephan
The first part of this chapter describes the rise of transborder antibribery law in this century against the background of its twentieth century... MORE

Has China’s Labor Contract Law Curtailed Economic Growth?
J. H. Verkerke
As China reformed its economy during the past 44 years, it experienced the fastest sustained expansion by a major economy in history, with an annual... MORE
The Duty of Creditors to Cooperate in Sovereign Debt Workouts
G. Mitu Gulati
Lenders are perfectly free to decide for themselves whether, when, how, to whom and on what terms they will extend credit to a sovereign borrower.... MORE
The Global Evolution of Foreign Relations Law
Kevin Cope

Pierre-Hugues Verdier

Mila Versteeg
The constitutional rules that govern how states engage with international law have profound implications for foreign affairs, yet we lack... MORE

Asymmetric Subsidies and the Bail Crisis
Rich Hynes

John F. Duffy
When individuals are arrested or indicted for a crime, governments have legitimate interests in assuring that those individuals show up for future... MORE
Has Cross-Border Arbitrage Met Its Match?
Ruth Mason
In this essay, we review criticisms of both the concept of international tax arbitrage and regulatory responses meant to reduce such arbitrage. We... MORE
Climate-Society Feedback Effects: Be Wary of Unidentified Connections
Michael A. Livermore
Feedbacks within the climate-economy system are complex. The research analyzing the relationship between human activities and the climate is... MORE

Do Good Citizens Need Good Laws? Economics and the Expressive Function
Andrew Hayashi

Michael D. Gilbert
We explore how adding pro-social preferences to the canonical precaution model of accidents changes either the efficient damages rule or the harm... MORE
The Precautionary Social Cost of Carbon
Jason S. Johnston
This paper, published as Chapter 16 in Johnston, Climate Rationality (CUP 2021), explains how the U.S. government has derived its estimates of the... MORE
Algorithmic Risk Assessment in the Hands of Humans
Megan T. Stevenson
We evaluate the impacts of adopting algorithmic risk assessments as an aid to judicial discretion in felony sentencing. We find that judges'... MORE

About

The John M. Olin Program in Law and Economics at the University of Virginia School of Law supports faculty and student interests and research relating to the economic analysis of legal issues. The program stimulates discussions and debate through conferences, workshops and lectures. It encourages student research through colloquia.

The John M. Olin Foundation Inc. was established in 1953 by John Merrill Olin (1892-1982) — inventor, industrialist, conservationist and philanthropist. Olin was committed to the preservation of the principles of political and economic liberty as they have been expressed in American thought, institutions and practice.

Faculty Director

Jason S. Johnston

Henry L. and Grace Doherty Charitable Foundation Professor of Law
Director, John M. Olin Program in Law and Economics

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The John M. Olin Program in Law and Economics

The John M. Olin Program in Law and Economics

The John M. Olin Program in Law and Economics

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