Should nonhuman animals possess cost-benefit analysis (CBA) standing, and if so, to what extent? A lack of standing for animals does not mean that their interests are ignored; rather, it implies that their interests are only accounted for to the extent that those with standing – humans – feel...

Sir Lawrence Olivier prefaces his acclaimed 1948 film version of Hamlet with a description of the prince as “a man who could not make up his mind.” Such a description renders the Danish brooder almost anti-economic: an inability to choose typically is banished axiomatically from choice...

I present a model of two-party contracts that allows for incomplete specification of future states and actions. I examine various damage measures under the assumption that courts protect only reasonable reliance expenditures so that parties make efficient reliance choices. The expectations...