Although the not-for-profit sector contributes greatly to aggregate output in many industries, there is little explicit analysis of the consequences of applying antitrust policy in this sector. This paper argues that the same incentives to collude exist in the non-profit sector as in the...

In the past, judges have often hired applicants for judicial clerkships as early as the beginning of the second year of law school for positions commencing approximately two years down the road. In the new hiring regime for federal judicial law clerks, by contrast, judges are exhorted to follow...

This paper examines the question whether adjudication can be viewed as a private good, i.e., one whose optimal level will be generated in a free market. Part I focuses on private courts, noting their limitations as institutions for dispute resolution and rule creation but also stressing the...

This paper develops an economic model of presidential pardons (including commutations and other clemency grants). The model assumes that the number of pardons depends both on the expected benefits and costs of applying for a pardon and the president's calculation of his net political benefits...

Students of the regulated industries often assume that regulation is designed either to approximate the results of competition or to protect the regulated firms from competition. But neither view explains adequately a number of important phenomena of regulation and regulated industries. Foremost...

We review the recent but growing economic literature on the worldwide growth of obesity, relating the review to a recent anthology of articles—<i>Obesity, Business and Public Policy</i>. We discuss the competing explanations for the growth of obesity as well as the role of governments in attempting...