University of Southern California

University of Southern California Law and Economics Working Paper Series

Papers from 2012

Shareholder Empowerment: The Right to Approve and the Right to Propose, John G. Matsusaka and Oguzhan Ozbas (January 26, 2012)

Papers from 2011

Endogenous Institutions: Law as a Coordinating Device, Gillian K. Hadfield and Barry R. Weingast (December 8, 2011)

The Role of Tax Reform in Deficit Reduction, Edward D. Kleinbard (December 5, 2011)

China's Anti-Monopoly Law: What is the Welfare Standard?, Pingping Shan, Guofu Tan, simon wilkie, and Michael Williams (November 18, 2011)

Stateless Income, Edward D. Kleinbard (November 15, 2011)

Herman Cain's 9-9-9 Tax Plan, Edward D. Kleinbard (October 31, 2011)

The Lessons of Stateless Income, Edward D. Kleinbard (October 12, 2011)

Nuisance as a Strict Liability Wrong, Gregory C. Keating (September 8, 2011)

The Priority of Respect over Repair, Gregory C. Keating (September 8, 2011)

Recovering Rylands: An Essay for Bob Rabin, Gregory C. Keating (September 8, 2011)

Crowding Theory and Executive Compensation, Nina Walton (August 24, 2011)

Legal Origin or Colonial History?, Daniel M. Klerman, Paul Mahoney, Holger Spamann, and Mark Ira Weinstein (August 2, 2011)

Stateless Income's Challenge to Tax Policy, Edward D. Kleinbard (June 29, 2011)

Equipping the Garage Guys in Law, Gillian K. Hadfield (April 21, 2011)

What's So Bad About Stealing?, Jonathan M. Barnett (April 21, 2011)

Rational Reasonableness: Toward a Positive Theory of Public Reason, Gillian K. Hadfield and Stephen Macedo (March 25, 2011)

Collective Punishment: A Coordination Account of Legal Order, Gillian K. Hadfield and Barry Weingast (March 25, 2011)

Papers from 2010

What is Law? A Coordination Model of the Characteristics of Legal Order, Gillian K. Hadfield and Barry Weingast (December 6, 2010)

Producing Law for Innovation, Gillian K. Hadfield (December 6, 2010)

Proposition 13 and the California Fiscal Shell Game, Mat McCubbins (October 14, 2010)

Performance Measurement as a Political Discipline Mechanism, Anthony M. Bertelli and Peter John (September 9, 2010)

Constitutional Kreplach, Edward D. Kleinbard (September 8, 2010)

Is Tort a Remedial Institution?, Gregory C. Keating (July 1, 2010)

Intellectual Property as a Law of Organization, Jonathan M. Barnett (June 11, 2010)

An American Dual Income Tax: Nordic Precedents, Edward D. Kleinbard (April 23, 2010)

Tax Expenditure Framework Legislation, Edward D. Kleinbard (April 7, 2010)

Papers from 2009

Is Intellectual Property Trivial?, Jonathan M. Barnett (September 8, 2009)

The Heroic Enterprise of the Asbestos Cases, Gregory C. Keating (August 18, 2009)

Corruption and Private Law Enforcement: Theory and History, Nuno Garoupa and Daniel M. Klerman (June 9, 2009)

How Private Is Private Equity, and at What Cost?, James C. Spindler (May 19, 2009)

Gatekeepers and CEO Reputation, Nina Walton (May 8, 2009)

Anti-Bankruptcy, Douglas Baird and Robert Rasmussen (April 29, 2009)

IPO Underpricing, Disclosure, and Litigation Risk, James C. Spindler (April 29, 2009)

Behavioral Dimensions of Tax Reform, Edward J. McCaffery (April 14, 2009)

The Last Best Hope for Progressivity in Tax, Edward J. McCaffery and James R. Hines Jr. (April 14, 2009)

All-or-Nothing versus Proportionate Damages, Shmuel Leshem (April 1, 2009)

Papers from 2008

The Fashion Lottery: Cooperative Innovation in Stochastic Markets, Jonathan Barnett, Gilles Grolleau, and Sana El Harbi (August 20, 2008)

Ten Facts About Fundamental Tax Reform, Edward J. McCaffery (July 31, 2008)

Behavioral Public Finance, Edward J. McCaffery (July 29, 2008)

When Are Outside Directors Effective?, Ran Duchin, John Matsusaka, and Oguzhan Ozbas (January 24, 2008)

Personal Inviolability and "Private Law", Gregory C. Keating (January 24, 2008)

50+ Years of Diversification Announcements, Mehmet E. Akbulut and John G. Matsusaka (January 24, 2008)

Papers from 2007

Modern Economic Growth and Quality of Life: Cross Sectional and Time Series Evidence, Richard A. Easterlin and Laura Angelescu (April 16, 2007)

Racial Cartels, Daria Roithmayr (March 20, 2007)

Legal Origin?, Daniel M. Klerman and Paul Mahoney (March 6, 2007)

Happiness and Domain Satisfaction: Theory and Evidence, Richard A. Easterlin and Onnicha Sawangfa (February 6, 2007)

Papers from 2006

Behavioral Economics and Fundamental Tax Reform, Edward J. McCaffery (August 7, 2006)

Disobedience and Authority, Anthony Marino, John G. Matsusaka, and Jan Zabojnik (August 2, 2006)

Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis, Ehud Kamar, Pinar Karaca-Mandic, and Eric Talley (May 11, 2006)

Information, Litigation, and Common Law Evolution, Keith Hylton (January 17, 2006)

The Uneasy Case for Capital Taxation, Edward J. McCaffery (January 17, 2006)

Optimal Liability for Terrorism, Darius Lakdawalla and Eric Talley (January 17, 2006)

Trademark Dilution, Search Costs, and Naked Licensing, Daniel M. Klerman (January 17, 2006)

Papers from 2005

Beyond Competition for Incorporations, Ehud Kamar (November 29, 2005)

Good Hybrids/Bad Hybrids, Edward J. McCaffery (November 29, 2005)

Public Choice Principles of Redistricting, Thomas W. Gilligan and John G. Matsusaka (November 29, 2005)

Three Views of Tax, Edward J. McCaffery (May 2, 2005)

The Political Psychology of Redistribution, Edward J. McCaffery and Jonathan Baron (May 2, 2005)

A New Understanding of Tax, Edward J. McCaffery (May 2, 2005)

A Theory of Influence: the Strategic Value of Public Ignorance, Isabelle Brocas and Juan D. Carrillo (January 31, 2005)

Optimal Dividend Policy with Mean-Reverting Cash Reservoir, Abel Cadenillas, Sudipto Sarkar, and Fernando Zapatero (January 5, 2005)

The Value of Judicial Independence: Evidence from 18th Century England, Daniel M. Klerman and Paul G. Mahoney (January 5, 2005)

Beyond Master-Servant: A Critique of Vicarious Liability, Jennifer Arlen and W. Bentley MacLeod (January 5, 2005)

Papers from 2004

Thinking About Tax, Edward J. McCaffery and Jonathan Baron (September 9, 2004)

On Public versus Private Provision of Corporate Law, Gillian Hadfield and Eric Talley (September 9, 2004)

Paying for Politics, John de Figueiredo and Elizabeth Garrett (September 9, 2004)

Shakedown at Gucci Gulch: A Tale of Death, Money and Taxes, Edward J. McCaffery and Linda R. Cohen (September 9, 2004)

On the Efficiency of Standard Form Contracts: The Case of Construction, Surajeet Chakravarty and W. Bentley MacLeod (September 9, 2004)

Uncorporated Professionals, John Romley and Eric Talley (September 9, 2004)

Biases in perceptions, beliefs and behaviors, Isabelle Brocas and Juan D. Carrillo (September 9, 2004)

Conditions for Framework Legislation, Elizabeth Garrett (September 9, 2004)

Starving the beast: The psychology of budget deficits, Jonathan Baron and Edward J. McCaffery (September 1, 2004)

Toward an Agenda for Behavioral Public Finance, Edward J. McCaffery and Joel Slemrod (August 26, 2004)

Corporate Governance, Executive Compensation and Securities Litigation, Eric L. Talley and Gudrun Johnsen (May 4, 2004)

Diminishing Marginal Utility of Income? A Caveat, Richard A. Easterlin (May 4, 2004)

Explaining Happiness, Richard A. Easterlin (May 4, 2004)

Masking Redistribution (or its Absence), Jonathan Baron and Edward J. McCaffery (April 6, 2004)

Market Design with Endogenous Preferences, Aviad Heifetz, Ella Segev, and Eric L. Talley (April 1, 2004)