Why is surrogacy enforceable in some of the US jurisdictions and not in others? In what way does the enforcement of surrogate motherhood contracts effect the number of exchanges between intended parents and surrogate mothers? Throughout the last two decades of the twentieth century, public...

Entrepreneurs do more than just buy low and sell high; they sometimes also change our institutions, including our categories of thought. New institutional economics has been examining incentives that drive individuals to bring about market-supporting institutional arrangements. There is,...