Coase-Sandor Institute for Law and Economics

Baird and Morrison Win Writing Prize from American Bankruptcy Institute

Profs. Baird and Morrison Win Second Annual Judge Wesley Steen Law Review Writing Prize for Article on Dodd-Frank
John Hartgen
March 28, 2012

Profs. Douglas G. Baird of the University of Chicago Law School (Chicago) and Edward R. Morrison of Columbia Law School (New York) [ed.

Douglas G. Baird

Epstein Examines Constitutionality of Obamacare

Obamacare: An Unconstitutional Misadventure
Richard A. Epstein
Defining Ideas
March 26, 2012

This week, the United States Supreme Court has on its plate the defining legal issue of our time—the constitutionality of the Patient Protection and Affordable Care Act (ACA), which I have already commented on from a doctrinal and historical perspective.

Richard A. Epstein

Anup Malani, "Contract Law, Transactions Costs and the Boundary of the Firm"

In 1937, Ronald Coase asked a profound question: if markets are so efficient at allocating resources, why are so many resources allocated within firms?  Coase’s answer was that market allocation entailed transactions costs and, when these were very high, transactions will take place within firms.

63:50 minutes (58.44 MB)

Todd Henderson, "Pay-for-Performance Puzzles, Public and Private"

In this talk, presented as the 2012 Coase Lecture in Law and Economics, Professor Henderson examines the rise of pay for performance in corporate America, and consider several puzzles about legal regulation of executive compensation and the use and non-use of performance incentives in other areas, ranging from hospitals to schools to government bureaucracies.

Edward Morrison to Join Faculty

Meredith Heagney
Law School Office of Communications
March 15, 2012

The University of Chicago Law School is thrilled to welcome back alumnus Edward R. Morrison, a leading scholar in law and economics who joins the faculty from Columbia Law School. 

Michael H. Schill
Lior Strahilevitz
Randal C. Picker
Douglas G. Baird

Anu Bradford, "The Brussels Effect: The Rise of a Regulatory Superstate in Europe"

It is common to hear Europe described today as the power of the past. Europe is perceived to be weak militarily. Its relative economic power is declining as Asia’s is rising.  Its common currency may be on the verge of disintegrating.

53:06 minutes (48.62 MB)

Yoram Bauman: The Stand-Up Economist


Yoram Bauman is "the world’s first and only stand-up economist.” His goals in life are to spread joy to the world through economics comedy; to reform economics education; and to implement carbon pricing.

David A. Weisbach
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