The Court of Appeals gets it mostly correct in refusing to pierce the veil or to find alter ego liability of a single member Colorado limited liability company in Sedgwick Props. Dev. Corp. v. Hinds (July 3, 2019). The Court of Appeals accepted the lack of formalities as a characteristic of...

The Coase theorem tells us that monetary damages and specific performance remedies for breach of contract have identical effects when transaction costs are zero. This has become a standard part of the literature on the economics of contract law. This note argues that the traditional view is...

Financial lubrication in markets is indifferent to margin posting via money or collateral; the relative price(s) of money and collateral matter. Some central banks are now a major player in the collateral markets. Analogous to a coiled spring, the larger the quantitative easing(QE) efforts, the...

In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that previous naïve correlations between money and inflation as established in the 20th century...

Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the same laws also affect corporate fraud in a significant...

Bank debit cards may look like credit cards, but they certainly do not act like them when it comes to account overdrafts. This does not suggest that credit cards are better than debit cards, as complaints abound concerning the transparency of fees charged to consumers for credit card...

Dit artikel is een kritische analyse van de bloedverwantenreserve en echtgenotenreserve die we vandaag kennen. Daarbij pleit de auteur voor een wijziging in de verhouding tussen huwelijksvermogensrecht en erfrecht: waar het huwelijksvermogensrecht dwingender zou moeten, moet dwingend erfrecht...

In this paper we present a series of models, all within the context of a simple two-good economy, which bring out the distinctions between the different types of money and financial institutions. The models emphasize the physical properties of the economic goods, moneys, and trading systems. In...