Coase-Sandor Institute for Law and Economics

Reverse Regulatory Arbitrage: An Auction Approach to Regulatory Assignments

 

Author: 
M. Todd Henderson
with: 
Frederick Tung

In the years before the Financial Crisis, banks got to pick their regulators, engaging in a form of regulatory arbitrage that we now know was a race to the bottom. We propose to turn the tables on the banks by allowing regulators, specifically, bank examiners, to choose the banks they regulate.

Epstein on "The Obamacare Quagmire"

The Obamacare Quagmire
Richard A. Epstein
Defining Ideas
August 14, 2012

Now that the Supreme Court has held President Obama’s Patient Protection and Affordable Care Act (ACA) constitutional, mounting evidence suggests that the statute’s most ardent defenders may well come to rue the day.

Faculty: 
Richard A. Epstein

The Institutional Structure of Immigration Law


Author: 
Eric A. Posner

Immigration law scholars should give more attention to the institutional structure of immigration law and, in particular, the way that the government addresses problems of asymmetric information in the course of screening potential migrants and attempting to control their behavior once they arrive.

Epstein on "Thomas Friedman's Fracking Fallacy"

Thomas Friedman's Fracking Fallacy
Richard A. Epstein
Defining Ideas
August 8, 2012

It is amazing how quickly the technological and political landscape can change over a period of only four years. At this point during the 2008 presidential campaign, then-candidate Barack Obama was touting a promising future that featured scads of new jobs in the green energy business. The United States would be able to solve two problems with one bold stroke.

Faculty: 
Richard A. Epstein

UChicago Undergrad Law Review Coverage of Summer School in Law and Econ

Hard Questions and International Connections
Lauren Kelly-Jones
University of Chicago Undergraduate Law Review
August 1, 2012

Ning sat next to me at a packed classroom in the University of Chicago Law School. She introduced herself as a Professor from the University of International Business and Economics in Beijing who had never been to the United States before. She sipped tea without taking her eyes off of the chalkboard behind Professor Saul Levmore. She was making small talk that remained polite, but small.

Faculty: 
Michael H. Schill
Faculty: 
Eric A. Posner
Faculty: 
Douglas G. Baird
Faculty: 
Saul Levmore
Faculty: 
Omri Ben-Shahar

Epstein Critiques Posner's Decision in Apple v. Motorola

Richard Posner Gets It Wrong
Richard A. Epstein
Defining Ideas
July 31, 2012

President Barack Obama has encountered a torrent of opposition for his use of what the Wall Street Journal’s Kimberly Strassel shrewdly described as Four Little Words: “You didn’t build that.” The President used these words to show that

Faculty: 
Richard A. Epstein
Faculty: 
Richard A. Posner

Summer School in Law and Economics

Seventy-two scholars traveled halfway around the world to study at the Law School during the inaugural Chicago Summer School in Law and Economics. Read more about the program.

Photographs by Lloyd DeGrane.

Chinese Scholars Come to Chicago to Study Law and Economics

Meredith Heagney
Law School Office of Communications
July 27, 2012

Six dozen scholars from China, Taiwan, and Hong Kong lined up on the steps behind the Law School, waiting eagerly to have their photograph taken with a man that many consider a personal hero. When Professor Ronald Coase appeared at the door, they erupted into applause.

Faculty: 
Omri Ben-Shahar
Faculty: 
Saul Levmore
Faculty: 
Douglas G. Baird
Faculty: 
Eric A. Posner
Faculty: 
Richard A. Epstein
Faculty: 
Martha C. Nussbaum
Faculty: 
Richard A. Posner
Faculty: 
William M. Landes
Faculty: 
Richard L. Sandor

Henderson and Judge Posner on Law, Economics, and Penn State

Law, economics and Penn State
Jim Warren
jimcwarren.com
July 25, 2012

The NCAA sanctions against Penn State, including a $60 million fine, are very much about law and economics. The law involves its transgressions, the economics involves the penalties. The aim is to utimately alter an institutional culture.

Faculty: 
Richard A. Posner
Faculty: 
M. Todd Henderson

WSJ: "Apple and Samsung Patent Suit Puts Judge Posner's Worldview on Trial"

Apple and Samsung Patent Suit Puts Judge Posner's Worldview on Trial
Joe Palazzolo and Ashby Jones
The Wall Street Journal
July 23, 2012

While technology companies continue to fight over smartphone patents, one judge has fought his way into the ring.

He is 73-year-old Richard Posner, among the most potent forces on the federal bench and an outspoken critic of the patent system.

Read more at: 

http://online.wsj.com/article/SB1000087239639... (subscription required)

Faculty: 
Richard A. Posner
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