Courts routinely use low cash bail as a financial incentive to ensure that released defendants appear in court and abstain from crime. This can create...
This comprehensive textbook applies economic analysis to public law. The economic analysis of law has revolutionized legal scholarship and teaching in...
Unnoticed in the literature on sovereign bonds, an innovation has been taking place over the past decade and a half. Starting with a single issuance...
We evaluate the impacts of adopting algorithmic risk assessments as an aid to judicial discretion in felony sentencing. We find that judges' decisions...
The economic harm being caused by the novel coronavirus may soon result in multiple sovereign debtors moving into default territory. But the existing...
All sovereign debt restructurings risk undershooting (providing less debt relief than is needed to restore the country to long-term sustainability) or...
We examine the microeconomics of using algorithms to nudge decision-makers toward particular social outcomes. We refer to this as "algorithmic social...
Recent scholarship has underlined the importance of criminal misdemeanor law enforcement, including the impact of public-order policing on communities...
Parents worried about how they’re going to pay for college have been steering more and more money into college-saving plans, also known as 529 plans...