Todd Henderson is Professor of Law and Aaron Director Teaching Scholar at the University of Chicago Law School. This talk was recorded on May 3, 2013, at the annual Loop Luncheon held in conjuction with Reunion.
A central problem facing legal systems is that often one party has private information. Mechanism design provides a set of tools from economics that may allow legal systems to make optimal decisions in this context.
Ronald Coase ranks among the world's most influential economists, yet he rarely appears in the media spotlight. That's because he channels his influence through other economists, while maintaining a prudent distance from the glare of quotidian policy disputes. Mr.
In his Article Contracts as Technology Kevin Davis makes an analogy between technological innovation and contractual innovation and suggests that contractual innovation, like technological innovation, can both add value to exchange and promote trade.
Dozens of people worked together to produce Casablanca. But a single person working alone wrote Ulysses. While almost all films are produced by large collaborations, no great novel ever resulted from the work of a team. Why does the frequency and success of collaborative creative production vary across art forms?