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Many law and economics models concern static efficiency and redistribution. The standard analysis of dynamic industries … requires lawmakers to balance faster innovation against lower consumer prices. Sustained growth dominates these effects, so law … and growth economics should focus on maximizing it. Law can increase the growth rate by making innovation more profitable …
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Environmental law focuses on regulating the production of energy and goods. Less attention has been given to reducing …
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International law is built on the foundation of state consent. A state’s legal obligations are overwhelmingly â … individual states. If a country feels that a proposed change to international law does not serve its interests, it can avoid that … problem for the international system. Because any state can object to any proposed rule of international law, only changes …
Persistent link: https://www.econbiz.de/10011130687
This Article analyzes the behavioral economics literatures on how individuals understand taxation (i.e., tax salience). We evaluate how taxpayers respond to different presentations of tax prices both in their roles as market participants and as voters. We aim to combat several naïve notions...
Persistent link: https://www.econbiz.de/10011130688
Cap and trade is controversial in part because of claims that it is unjust, an issue that was highlighted by recent litigation against California’s proposed carbon market. This essay considers an array of fairness issues relating to cap and trade. In terms of fairness to industry, the...
Persistent link: https://www.econbiz.de/10011130689
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10011130700