Market regulation has traditionally focused on disclosure duties — yet mounting evidence questions their effectiveness. The efficacy of nudges is similarly doubted, especially when suppliers counter their effects. Consequently, there is growing interest in mandatory regulation of the content...

The threat of sanctions is often insufficient to ensure compliance with legal norms. Recently, much attention has been given to nudges as a means to influence behavior without sanctions; but nudges are often ineffective and controversial. This Article explores the provision of information about...

In recent years, numerous empirical studies have examined the prevailing attitudes toward nudges, but hardly any have examined the prevailing attitudes toward mandatory rules. To fill this gap, this article describes five studies (N=3,103)—mostly preregistered studies conducted with...

The law often lays down mandatory rules, from which the parties may deviate in favor of one party but not the other. Examples include the invalidation of high liquidated damages and the unenforceability of excessive non-compete clauses in employment contracts. In these cases, the law may...

תקציר בעברית: ספרות תיאורטית עשירה עוסקת בעיצוב של כללים דיספוזיטיביים, חובות גילוי והנדים, אך מעט תשומת לב הוקדשה עד היום לשאלות הכרוכות בעיצוב של כללים...

The global Covid-19 pandemic is causing the large-scale end of life and severe human suffering globally. It is the most massive public health crisis in modern living memory, which created a significant economic crisis. This dramatic change is reflected in a significant recession of global...

This article aims to challenge the clear distinction between the diffuse ownership structure—which exists in England and the United States—and the concentrated ownership structure which exists in the rest of the world. A study of the economic and legal reality of Anglo-American law and...

<p dir="rtl">תקציר בעברית: אקטיביזם של בעלי מניות הוא תופעה שביטויה בהתערבותם של בעלי המניות בניהול ענייניה הפנימיים של החברה. התופעה נתפסת כביטוי לשימוש בכוחם של בעלי המניות...</p>

Hebrew Abstract: מקובל לומר כי דיני התרופות מבקשים להגן על שלושה אינטרסים עיקריים: אינטרס הציפייה, אינטרס ההסתמכות ואינטרס ההשבה. מאמר זה עניינו באינטרס רביעי אשר טרם זכה...

The Israeli stock market is in turmoil. In recent years, the Israel Securities Authority has initiated significant legislative changes intended to tighten the regulation applying to public companies in Israel. These legislative changes drew their inspiration from Anglo-American law. However, it...