This chapter considers the relationship between the U.S. federal income tax system and innovation, using the sharing economy as a focal point for analysis. It makes two main points. First, the tax system is currently a questionable tool for encouraging innovation. Regulators are understandably...

Amici curiae are 14 professors of law who have devoted much of their teaching and research to the area of state taxes and the role of state tax policy in our federal system. The amici are concerned with the effect of this Court’s dormant Commerce Clause jurisprudence on the development of fair...

This comment supplements and critiques the analytical framework put forth by Victor Fleischer in his recent work, Regulatory Arbitrage. It makes three main points. First, professional constraints on regulatory arbitrage are more valuable than has previously been acknowledged. Second, Fleischer...

It is a core principle of antitrust law and theory that reduced market concentration lowers the risk of anticompetitive behavior. We demonstrate that this principle is fundamentally incomplete.Traditional models assume that firms interact only as competitors. We examine and model...

The foreign tax credit is a cornerstone of the United States’ international tax regime and enjoys broad bipartisan support. Yet despite its enduring popularity, careful analysis reveals that the foreign tax credit is surprisingly arbitrary. Taxes are creditable in their entirety or not at all,...

Many markets, including markets for IPOs and debt issuances, are syndicated: each winning bidder invites competitors to join its syndicate to complete production. Using repeated extensive form games, we show that collusion in syndicated markets may become easier as market concentration falls,...

This document is a technical appendix containing supplemental information for the regressions that appear in Lynne L. Dallas & Jordan M. Barry, Long-Term Shareholders and Time-Phased Voting, 40 Del. J. Corp. L. 541 (2016), 'http://ssrn.com/abstract=2625926' http://ssrn.com/abstract=2625926

There are two basic reasons why a citizen may choose to engage in political activity: She may wish to achieve particular results (“extrinsic motivations”) or she may simply enjoy engaging in the political activity itself (“intrinsic motivations”). However, most citizens’ ability to...