This comment points out four severe reservations regarding Cho et al.'s (PS 2017) finding that U.S. federal judges punish more harshly on “sleepy Mondays,” the Mondays after the start of Daylights Savings Time. First, Cho et al.'s finding pertains to only one of at least two dimensions of...

Is something wrong with the structure of the U.S. stock market? Both industry participants and scholars have recently faulted the equity market for its lack of innovation. In particular, they have emphasized that stock exchanges may not have the right incentives to provide innovative solutions...

Financial benchmarks estimate market values or reference rates used in a wide variety of contexts, but are often calculated from data generated by parties who have incentives to manipulate these benchmarks. Since the London Interbank Offered Rate (LIBOR) scandal in 2011, market participants,...