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We build an equilibrium model of prostitution where clients and sex workers choose to demand and supply sex under three … legal regimes: prohibition, regulation and laissez-faire. The key feature is the endogenous evolution of the risk as a … policies on the equilibrium quantity of prostitution and on the harm associated with it. A prohibition regime that makes it …
Persistent link: https://www.econbiz.de/10011190985
The Scottish decision in Morris (Liquidator of Bank of Credit amp; Commerce International), Re Petition of The Bank of England is correct that an ancillary winding-up makes good sense and may disapply local procedural rules that do not serve any practical purpose. Owing to a misunderstanding of...
Persistent link: https://www.econbiz.de/10012725916
- Re Basis Yield Alpha Fund (Master) is a case in point.Regardless of the position under the EC Insolvency Regulation, the …
Persistent link: https://www.econbiz.de/10012729102
Persistent link: https://www.econbiz.de/10012730859
Bankruptcy is a statutory system, yet it is replete with practices for which there is no direct authorization in the Bankruptcy Code. This article argues that the authorization for judicial creation of bankruptcy law beyond the provisions of the Code has been misidentified as the equity powers...
Persistent link: https://www.econbiz.de/10012731895
Bankruptcy is a statutory system, yet it is replete with practices for which there is no direct authorization in the Bankruptcy Code. This article argues that the authorization for judicial creation of bankruptcy law beyond the provisions of the Code has been misidentified as the equity powers...
Persistent link: https://www.econbiz.de/10012731969
This Essay describes the proper method of calculating prejudgment interest based on sound financial principles. Using the paradigm that the claim plaintiff holds in litigation represents an involuntary loan from plaintiff to defendant and recognizing that in bankruptcy courts treat legal claims...
Persistent link: https://www.econbiz.de/10012735224
Recent legislation - Section 10A of the Securities Exchange Act of 1934 for auditors and Section 307 of the Sarbanes-Oxley Act for lawyers - has imposed on corporate outsiders certain duties to monitor unlawful activity within a corporation, and to report that activity to designated corporate...
Persistent link: https://www.econbiz.de/10012738948
This essay responds to an article by Professors Boudreau, Lupia, McCubbins, and Rodriguez (hereinafter quot;BLMRodquot;) that was posted in Legislation and Statutory Interpretation Abstracts on July 26, 2007, (http://ssrn.com/abstract=997924) and that will appear in the San Diego Law Review,...
Persistent link: https://www.econbiz.de/10012776227
This Article offers a comprehensive examination of the Skidmore standard for judicial review of agency legal interpretations as applied by the courts in the period since the Supreme Court revitalized Skidmore in United States v. Mead Corp. First, the Article documents an empirical study of five...
Persistent link: https://www.econbiz.de/10012776597