Mahoney, Paul G - In: Journal of Law and Economics 46 (2003) 1, pp. 229-51
Between 1911 and 1931, 47 of the 48 states adopted state securities, or "blue-sky," laws. This paper employs an event history analysis to analyze public interest, public choice, and ideological explanations for the enactment of blue-sky laws. The data suggest that the decision to adopt a...