University of Southern California
University of Southern California Law and Economics Working Paper Series
Papers from 2012
What Sports Can Teach Tax Policymakers: Lessons from the Luxury Tax, Edward J. McCaffery (May 15, 2012)
The Better Base Case, Edward D. Kleinbard and Joseph Rosenberg (April 27, 2012)
Is Financial Regulation Structurally Biased to Favor Deregulation?, Carolyn Sissoko (April 13, 2012)
The Lessons of Stateless Income, Edward D. Kleinbard (March 20, 2012)
Scaffolding: Using Formal Contracts to Build Informal Relations in Support of Innovation, Gillian K. Hadfield and Iva Bozovic (February 24, 2012)
Personal Jurisdiction and Product Liability, Daniel M. Klerman (February 16, 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)
Property as Process: How Innovation Markets Select Innovation Regimes, Jonathan M. Barnett (November 14, 2011)
Herman Cain's 9-9-9 Tax Plan, Edward D. Kleinbard (October 31, 2011)
Intermediaries Revisited: Is Efficient Certification Consistent with Profit Maximization?, Jonathan M. Barnett (September 9, 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)
Competing for the Next Hundred Million Americans: The Uses and Abuses of Tax Increment Financing, George Lefcoe (July 28, 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)
On the Optimal Allocation of Power Between Shareholders and Managers, Nina Walton (February 1, 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)
The Host's Dilemma: Strategic Forfeiture in Platform Markets for Informational Goods, Jonathan M. Barnett (October 4, 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)
Delegated Monitoring: When Can Boards Rely on Outside Experts?, Nina Walton (May 4, 2010)
Law for a Flat World: Legal Infrastructure and the New Economy, Gillian K. Hadfield (April 30, 2010)
An American Dual Income Tax: Nordic Precedents, Edward D. Kleinbard (April 23, 2010)
Tax Expenditure Framework Legislation, Edward D. Kleinbard (April 7, 2010)
The Price of Admission: Who gets into private school, and how much do they pay?, Nina Walton (January 26, 2010)
Higher Demand, Lower Supply? A Comparative Assessment of the Legal Landscape for Ordinary Americans, Gillian K. Hadfield (January 1, 2010)
Law for a Flat World: Legal Infrastructure and the New Economy, Gillian K. Hadfield (January 1, 2010)
Papers from 2009
Endogenous Compensation in a Firm with Disclosure and Moral Hazard, James C. Spindler (October 1, 2009)
Is Intellectual Property Trivial?, Jonathan M. Barnett (September 8, 2009)
The Heroic Enterprise of the Asbestos Cases, Gregory C. Keating (August 18, 2009)
Through the Looking Glass: The Politics of Estate Tax Reform, Edward J. McCaffery (July 30, 2009)
The Role of International Law Firms and Multijural Legal Human Capital in the Harmonization of Legal Regimes, Gillian K. Hadfield (July 1, 2009)
Higher Demand, Lower Supply? A Comparative Assessment of the Legal Resource Landscape for Ordinary Americans, Gillian K. Hadfield (June 11, 2009)
The Strategy of Methodology: The Virtues of Being Reductionist for Comparative Law, Gillian K. Hadfield (June 11, 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 Story of Paramount Communications v. QVC Network: Everything Is Personal, Ehud Kamar (December 17, 2008)
Sharing in the Shadow of Property: Rational Cooperation in Innovation Markets, Jonathan M. Barnett (October 17, 2008)
Television Duopoly in Small Markets and Diversity of the Airwaves, Matthew L. Spitzer (September 22, 2008)
The Emergence of English Commercial Law: Analysis Inspired by Ottoman Experience, Daniel M. Klerman (September 10, 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)
Comments on Liebman and Zeckhauser, Simple Humans, Complex Insurance, Subtle Subsidies, Edward J. McCaffery (July 29, 2008)
Where's the Sex in Fiscal Sociology? Taxation and Gender in Comparative Perspective, Edward J. McCaffery (July 28, 2008)
A Consumed Income Tax: A Fair and Simple Plan for Tax Reform, Edward McCaffery (July 28, 2008)
Vicarious Liability for Bad Corporate Governance: Are We Wrong About 10b-5?, James C. Spindler (April 16, 2008)
Legal Barriers to Innovation: The Growing Economic Cost of Professional Control over Corporate Legal Markets, Gillian K. Hadfield (March 26, 2008)
Framing Choice between Cash and the Courthouse: Experiences with the 9/11 Victim Compensation Fund, Gillian K. Hadfield (March 26, 2008)
The levers of legal design: Institutional determinants of the quality of law, Gillian K. Hadfield (March 26, 2008)
After Kelo, Curbing Opportunistic TIF-Driven Economic Development: Forgoing Ineffectual Blight Tests; Empowering Property Owners and School Districts, George Lefcoe (March 18, 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)
The Levers of Legal Design: Institutional Determinants of the Quality of Law, Gillian K. Hadfield (January 1, 2008)
Papers from 2007
Certification Drag: The Opinion Puzzle and Other Transactional Curiosities, Jonathan Barnett (September 7, 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)
Jurisdictional Competition and the Evolution of the Common Law, Daniel M. Klerman (March 6, 2007)
Legal Origin?, Daniel M. Klerman and Paul Mahoney (March 6, 2007)
The Quality of Law: Judicial Incentives, Legal Human Capital and the Evolution of Law, Gillian Hadfield (March 1, 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)
Why Shareholders Want Their CEOs to Lie More after Dura Pharmaceuticals, James C. Spindler (July 25, 2006)
A Tale of Two Davids: Commentary on David Weisbach's "Implementing Income and Consumption Taxes: An Essay in Honor of David Bradford", Edward J. McCaffery (July 18, 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)
Conflict or Credibility: Analyst Conflicts of Interest and the Market for Underwriting Business, James C. Spindler (April 12, 2006)
Legal Infrastructure, Judicial Independence, and Economic Development, Daniel Klerman (January 20, 2006)
Information, Litigation, and Common Law Evolution, Keith Hylton (January 17, 2006)
The Uneasy Case for Capital Taxation, Edward J. McCaffery (January 17, 2006)
Competition, Innovation and Racing for Priority at the U.S. Patent and Trademark Office, Linda R. Cohen and Jun Ishii (January 17, 2006)
Feminism, Fairness, and Welfare: An Invitation to Feminist Law and Economics, Gillian K. Hadfield (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)
Exploring Economic and Democratic Theories of Civil Litigation: Differences Between Individual and Organizational Litigants in the Disposition of Federal Civil Cases, Gillilan K. Hadfield (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)
Do the Merits Matter Less After the Private Securities Litigation Reform Act?, Stephen J. Choi (September 9, 2004)
Where have all the trials gone? Settlements, non-trial adjudications and statistical artifacts in the changing disposition of federal civil cases, Gillian K. Hadfield (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)
Why the Islamic Middle East Did not Generate an Indigenous Corporate Law, Timur Kuran (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)
Feeding the Illusion of Growth and Happiness: A Reply to Hagery and Veenhoven, Richard A. Easterlin (May 27, 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)
Contract Law is Not Enough: The Many Legal Institutions That Support Contractual Commitments, Gillian K. Hadfield (April 1, 2004)
Innovation in Boilerplate Contracts: An Empirical Examination of Sovereign Bonds, Stephen Choi and G. Mitu Gulati (March 10, 2004)