It has become commonplace to note that courts have struggled with the challenge of applying analog legal concepts to digital spaces, and nowhere is this truer than in the context of the First Amendment. Here, we focus on a very specific aspect of the Internet and social media revolution – the...

Although sometimes difficult to detect, governmental power abuses can have detrimental impacts. Property tax assessments provide an effective lens to examine this phenomenon because, given the complexity of calculating property tax assessments, it is difficult for citizens to know when local...

We introduce a return predictor related to the slope and curvature of the futures term structure: basis-momentum. Basis-momentum strongly outperforms benchmark characteristics in predicting commodity spot and term premiums in the time series and cross section. Exposure to basis-momentum is...

In contrast to the European Commission, the U.S. Department of Justice and Federal Trade Commission have not meaningfully prosecuted monopolistic abuses over the past 16 years. The U.S. Supreme Court's view on monopolies has also become forgiving. There is no empirical support that...

This Essay makes three contributions to the blockchain and law literature. First, this Essay explores technical security aspects evolving with various governance mechanisms across blockchain networks. Next, this Essay analyzes digital assets under U.S. securities laws and executive enforcement...

A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...