A major concern with plea bargains is that innocent defendants might plead guilty. The law can address this concern. By restricting the permissible sentence reduction in a plea bargain, the law can preclude plea bargains in cases with a low probability of conviction (L cases). This will force...

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no-fault liability laws on driver behavior and traffic fatalities. We analyze a panel of 50 U.S. states and the District of Columbia for 1970-98, a period in which many states adopted compulsory...

This paper empirically investigates the determinants of firms' decisions where to incorporate. We find that states that offer stronger antitakeover protections are substantially more successful both in retaining in-state firms and in attracting out-of-state incorporations. We estimate that,...