A recent article in NR is causing some stir (http://www.nationalreview.com/article/417155/wisconsins-shame-i-thought-it-was-home-invasion-david-french). The claim is that in Wisconsin a country prosecutor, in collusion with the police department and a state judge, has been conducting battering-ram raids on political opponents to
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Ohio is Not New York. Or Even Texas.
By BDG
The Times today has a write-up of the recent Deborah Jones Merritt study of employment outcomes for the JD Class of '10 in Ohio. As I described in more detail at the law & econ prof blog a few weeks…
Florian Ederer at Columbia Law School on April 27, 2015
Florian Ederer, Assistant Professor of Economics, Yale School of Management, Cowles Foundation"Promises and Expectations"Abstract: We investigate why people keep their promises in the absence of external enforcement mechanisms and reputational effects….
Deferred Prosecution Agreements: Right Problem, Wrong Fix
By BDG
Yglesias has a good write-up of the problems with regulating big financial firms, but he (and Elizabeth Warren) get to the wrong solutions. To paraphrase, the problem is that many regulated firms are effectively judgment proof. We may threaten sanctions…
Benjamin J. Keys at Berkeley on April 20, 2015
Minimum Payments and Debt Paydown in Consumer Credit CardsBenjamin J. Keys, University of Chicago, Harris School of Public Policy
An Income Tax Reform for the Risk-Neutral RIch
Since it's Tax Week, I've been thinking how bothersome it is to fill out tax returns. There have also been the usual articles about how much of the income tax is paid by the top 1% of filers. I…
What Pension Crisis?
By BDG
On Monday I attended an American Law Institute conference on the “Public Pension Crisis,” organized by the fabulous Amy Monahan. (That is, the conference was organized by her, not (as far as I know) the crisis.) Often these kinds…
Hiring Women in Science and Economics
Male economists either care only about quality, or are biased against women and female candidates are generally better than male, even if observable characteristics are the same, it seems from “Leading scientists favour women in tenure-track hiring testUS science and…
Holger Spamann at Harvard Law School on April 14, 2015
On the Rationale of the Business Judgment Rule
Wei Jiang at NYU on April 14
Wei Jiang, Columbia Business SchoolPaper Topic: How Quickly Do Markets Learn? Private Information Dissemination in a Natural Experiment