The Kentucky Supreme Court has opined that the relevant provisions of the FAA and KUAA, cited above, are virtually identical, Louisville Peterbilt, Inc. v. Cox4. When a state statute is modeled on a federal one, typically, as to the substantive provisions of the statutes, Kentucky courts have...

Although much progress has been made in understanding the importance of institutional failure in explaining creditors` unwillingness to finance firms and individuals, the pertinent empirical literature still has an important shortcoming: it does not separate out the effects of legal protection,...

It is generally presumed that strengthening the legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive-compatible loan contracts. This presumption is based on an implicit assumption of infinitely elastic supply of loans. With inelastic...

This article will first discuss the structure of CICs in general, and then review various approaches that state courts have taken in reviewing decisions made by the board of directors of a homeowner association. This article will then discuss the implications of Ekstrom vs. Marquesa Homeowners...

This paper develops a dynamic life-cycle equilibrium model of crime with hetero-geneous agents and human capital accumulation. Agents decide at each point in time whether to commit crimes by comparing potential gains from crime to the expected cost of punishment (determined from the probability...