scispace - formally typeset
Search or ask a question

Showing papers in "International Review of Law and Economics in 1986"


Journal ArticleDOI
TL;DR: In this article, the authors consider the possibility that individuals who cause personal injury or property damage may be found to be "judgment proof", that is, unable to pay fully the amount for which they have been found legally liable.

445 citations


Journal ArticleDOI
TL;DR: In this paper, the authors focus on the indirect costs and propose methods to correct for both types of error so as to ensure that individuals will make socially efficient choices of activity and care.

201 citations








Journal ArticleDOI
TL;DR: The advertising substantiation doctrine as discussed by the authors is a classic example of self-regulatory advertising regulation, which was introduced by the Federal Trade Commission (FTC) in the early 1970s.

9 citations



Journal ArticleDOI
TL;DR: In this paper, the authors explore the consequences of polar standing rules, i.e., a standing rule that is too liberal or too conservative, and show that it can block the transfer of resources from less valuable to more valuable uses.

Journal ArticleDOI
TL;DR: The analysis and conclusions set forth are those of the authors and do not necessarily reflect the views of other members of the Bureau of Economics, other Commission staff, or the Commission itself as mentioned in this paper.

Journal ArticleDOI
TL;DR: The issue of the duty to rescue is not fully resolved in the economic analysis of law as discussed by the authors, but it is clear that the lack of such a duty is more consistent with a rights theory of the common law than with an economic theory.

Journal ArticleDOI
TL;DR: The authors survey and interpret Posner's first 120 opinions and find that the content of judicial decision involves something quite different from what he thinks it does, even though he now sits on the bench.

Journal ArticleDOI
TL;DR: The use of adoption agencies to place adoptable children is compared with a market as mentioned in this paper and the lost consumer surplus to potential adopting parents amounts to between $45 million and $1.7 billion per year.

Journal ArticleDOI
TL;DR: In this paper, the authors explore the nature of internal organization and resource allocation decisions within conglomerates as an aid to predicting their likely economic effects, and identify three main types of internal economic systems, each of which has different organizational features and gives rise to different predictions about the overall effects on competition and economic efficiency.


Journal ArticleDOI
TL;DR: In this paper, a review of the case law involving sham litigation is reviewed, beginning with JVoerfi and Pennington and concluding with Grip-Pak, where Judge Posner stated that any litigation between competitors that would not be undertaken other than to harm competition may carry Sherman Act liability.

Journal ArticleDOI
TL;DR: In this paper, the authors found a significant association between the amount of crime in a basketball game, as proxied by the number of personal fouls, and the distribution of income, as measured by player-by-player scoring.