"From a historical perspective, 'law and economics' was one of the most influential developments in legal scholarship in the twentieth century; it remains today one of the dominant perspectives on the law, generating a tremendous quantity of new research and discussion. Unfortunately, the...

<DIV><I>The Supreme Court Economic Review</I> is a peer-reviewed, interdisciplinary series focusing on economic consequences, precedents, and reasoning based on the work and decisions of the U.S. Supreme Court. Recent topics have included the evolution of patent law at the Federal Circuit and Supreme Court...</i></div>

<DIV><DIV><I>Supreme Court Economic Review</I> is an interdisciplinary journal that seeks to provide a forum for scholarship in law and economics, public choice, and constitutional political economy. Its approach is broad ranging and contributions employ explicit or implicit economic reasoning for the analysis...</i></div></div>

<DIV><DIV><I>Supreme Court Economic Review </I>is an interdisciplinary, peer-reviewed series focusing on the economic consequences, precedents, and reasoning behind  United States Supreme Court decisions. Recent books have covered the evolution of patent law at the Federal Circuit and Supreme Court levels,...</i></div></div>

<DIV><I>The Supreme Court Economic Review </I>is a peer-reviewed, interdisciplinary series focusing on economic consequences, precedents, and reasoning based on the work and decisions of the U.S. Supreme Court. Recent topics have included the evolution of patent law at the Federal Circuit and Supreme Court...</i></div>

Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...

This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we endeavor to provide a dual model of property, where commons and anticommons problems are the consequence of a lack of conformity between use and...

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we endeavor to provide a dual model of property, where commons and anticommons problems are the consequence of a lack of conformity between use and...

This paper develops a general model of anticommons fragmentation in property. To this end, we differentiate between different forms of property fragmentation. With the use of several functionally related examples, we consider the equilibria obtained under different scenarios. The various...