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book-in-progress on the positive political theory of courts …
Persistent link: https://www.econbiz.de/10012955088
We study attorney fee awards in 458 class action settlements reported in the five years from 2009-2013. Despite the financial crisis and its many effects on our national life, little has changed in class action attorneys' fees. Average percentage fees are in line with prior studies. The key...
Persistent link: https://www.econbiz.de/10012964830
This paper distinguishes law and economics – conceived as an equal partnership between two disciplines – and economic analysis of law, conceived as the application of economic reasoning to legal rules and institutions. I explore the difference by contrasting Robert Aumann's economic analysis...
Persistent link: https://www.econbiz.de/10013127480
Recent investment litigation against Argentina focuses attention on the necessity defense in customary international law and related provisions in investment treaties. This paper considers, from an economic standpoint, the question of when exigent economic circumstances might create conditions...
Persistent link: https://www.econbiz.de/10013027203
The economic analysis of ancient law assumes that neither human nature nor the fundamental problems of economic organization were substantially different in ancient times than they are today. Given those assumptions, ancient social organization, including ancient law, can be analysed in economic...
Persistent link: https://www.econbiz.de/10013139239
.This essay is a draft chapter of a book-in-progress on the positive political theory of courts …
Persistent link: https://www.econbiz.de/10012955091
This paper points out an intrinsic inefficiency in contemporary courts: courts adjudicate publicly, leading to deadweight loss in the form of reputational damages. I build a model to show that arbitration can circumvent this inefficiency by affording disputants a renegotiation opportunity...
Persistent link: https://www.econbiz.de/10012848051
This article develops a theory on the legal profession's participation in providing services to indigent clients. Our … theory is based on two factors: whether lawyers have successful practices, and whether the legal aid delivered to indigent …
Persistent link: https://www.econbiz.de/10012850150
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...
Persistent link: https://www.econbiz.de/10012869321
way, they investigate a multitude of topics, including some quite under‐explored ones. We argue that ELP's theory is only … almost nothing about that relationship. In fact, though, their empirical practice does embed a theory of law and ideology … this disconnection between ELP's theory, practice, and interpretation. Its origin (we argue) lies in an extremely thin …
Persistent link: https://www.econbiz.de/10013018057