The authors examine whether the unguided state-by-state evolution of limited liability company statutes has led to efficient interstate uniformity. Their evidence suggests significant uniformity has been produced in cases where the net benefits of uniformity are positive and that such uniformity...

In an idealized model of civil litigation, interested parties incur costs to produce statistical evidence. A subset of this evidence is then presented to a naive decisionmaker (e.g., a jury). The jury is naive in that it views evidence as a random sample when in fact the evidence is selectively...