What kind of writers are the justices of the Supreme Court? Scalia is reputed for writing trenchantly, Roberts and Kagan with wit, and Kennedy in garrulous and sentimental style. But what do you find if you rigorously analyze the complexity of their vocabularies?
Yes, United Continental Holdings Inc. has gone ahead with those dreaded changes to its MileagePlus frequent-flier program. Starting March 1, 2015, the company confirmed this week, travelers will earn rewards based on dollars spent rather than miles flown. Delta Air Lines Inc. already made the switch earlier this year, and American Airlines Group Inc.
New cross-disciplinary center to support human development research
University of Chicago News Office
May 28, 2014
The new Center for the Economics of Human Development, a cross-disciplinary initiative to support quantitative research on the conditions that support human flourishing, will be launched at a May 30 event in Ida Noyes Hall.
Mandatory disclosure of information is that rare policy embraced by left and right alike. Liberals see disclosure as empowering the little guy, while conservatives view it as improving market efficiency. To combat obesity, Congress requires disclosure of calorie counts on food packages. To improve medical care, Medicare discloses hospital and physician group ratings.
Economics explains legal compliance via sanctions, particularly by the ability of legal sanctions to change the cost of behavior and deter noncompliance. Yet rational choice tools predict other ways in which law influences behavior: by suggesting a means of coordination and by informing beliefs.