Some of the material in part 2 b of this essay has been published before in the Law School Alumni Magazine of the University of Chicago . See Randal C. Picker, Law and Economics II: The Sequel, 39 U. Chi. L. School Record 10 (Spring 1993). Much of the analysis contained herein is taken from selected chapters of Douglas G. Baird, Robert H. Gertner, and Randal C.