Polinsky and Rubinfeld (2003) propose a novel system for eliminating the conflict of interest between lawyers and clients over how hard the lawyer should work on a given case. In their analysis of the system, however, Polinsky and Rubinfeld implicitly assume that the lawyer's marginal cost of...

Under plausible circumstances, a monopolist in one market can use its control of prices in that market to force competing downstream buyers to sign tying contracts that will lever its monopoly into another market. Specifically, the monopolist of the tying good can place each downstream buyer in...

The criminal punishment literature has focused on justifying nonmaximal punishments and the use of nonmonetary sanctions. It has not addressed why imprisonment, rather than cheaper forms of corporal punishment, should be the dominant type of nonmonetary sanctions. David Friedman (1999) recently...