In this article, we undertake the first analysis of optimal individual and corporate liability for organizational misconduct that incorporates crucial insights from psychology about people’s motivations, their decision-making processes, and how laws and organizations affect people’s...

The phrase long-term investing in triple leveraged ETFs is somewhat of an anathema for investment academicians. As a result of daily rebalancing and so-called beta slippage or “the constant leverage trap” it is highly likely over the long term to significantly deviate from the targeted...

We study claim resolution. A claim consists of a global fact observed by the principal and the agent and a local fact the agent alone observes. The agent resolves the claim; the principal decides whether the agent is more likely wrong or right. The principal and agent can disagree about the...

Investigations into the concept of law have attempted to characterize the species “law” without a characterization of the genus “governance.” The failure to attend to the complex concept of governance has led philosophers to see law as a mode, rather than an achievement, of governance....

Evidence production at trial, the accumulation of patents in a technological race, and lobbying are contests that often involve strategic choices over a discrete set of options. The literature has primarily focused on games with continuous effort choices. We fill this gap by studying a...

Considering a temporal dimension allows for the delivery of rolling solutions to complex real-world problems. Moving forward in time brings uncertainty, and large margins for potential error in solutions. For the multi-year crop planning problem, the largest uncertainty is how the climate will...

We explore the properties of voting rules and procedures employed by appellate courts in the US. Our model features: (1) a two-stage decision-making process (first over case disposition, then over majority opinion content), (2) dispositional consistency (the new rule must yield the Court's...