The first part of this chapter describes the rise of transborder antibribery law in this century against the background of its twentieth century... MORE
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
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
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
When individuals are arrested or indicted for a crime, governments have legitimate interests in assuring that those individuals show up for future... MORE
In this essay, we review criticisms of both the concept of international tax arbitrage and regulatory responses meant to reduce such arbitrage. We... MORE
Market definition is a highly contested topic in antitrust. Courts’ approaches to market definition are admittedly flawed, and the case originating... MORE
We explore how adding pro-social preferences to the canonical precaution model of accidents changes either the efficient damages rule or the harm... MORE
Most environmental statutes passed since 1970 have endorsed a pragmatic or 'precautionary' principle under which the existence of a significant risk... MORE
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
Hard cases present a dilemma at the heart of constitutional law. Courts have a duty to decide them—to vindicate rights, to clarify law—but doing so... MORE
National restrictions on trade and immigration are the most salient illustrations of the current protectionist moment, but cities have played their... MORE
This article introduces the Haitian Independence Debt of 1825 to the odious debt and sovereign debt literatures. We argue that the legal doctrine of... MORE
Comparisons between rules and standards often revolve around enforcement costs. According to conventional wisdom, rules are cheaper to enforce than... MORE
This chapter addresses a new and fertile research program: constitutional law and economics. Constitutional law and economics asks questions like, ‘... MORE
