Growing economic inequality and wage stagnation have raised serious social justice concerns, igniting a broad debate on their causes and possible solutions. Antitrust scholars have discussed a number of approaches, including Professors Herbert Hovenkamp and Ioana Marinescu’s recommendation of...

The optimal organizational form and contracts are characterized for multiple money managers whose actions affect both expected returns and correlation of returns. Inducing diversification of effort to lower risk is in conflict with transfering risk to managers. Encouraging competition is the...