Coase-Sandor Institute for Law and Economics

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. On the world stage, the European Union is thought to be waning into irrelevance due to its inability to speak with one voice.

Epstein on "Justice Kennedy's Million Dollar Question"

Justice Kennedy's Million Dollar Question
Richard A. Epstein
Defining Ideas
April 3, 2012

The entire landscape of Congress’s constitutional powers changed on March 27, 2012, when, very early in the argument over the individual mandate, Justice Anthony Kennedy asked a somewhat shaken Solicitor General Donald Verrilli this simple question: “Can you

Richard A. Epstein

Eric Posner's Bloomberg Op-Ed Advocates an FDA for Securities

An FDA for Securities Could Help Avert Crises
Eric Posner and Glen Weyl
April 2, 2012

In February, Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency is looking for ways to rein in

Eric A. Posner

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.

Participating faculty: 
Anup Malani
Embedded video: 

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.

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