What purpose is served by a government’s protection of religious liberty? Many have been suggested, the most prominent of which center on the protection of freedom of belief and expression. However, since every regulation potentially interferes [...]
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The forces driving U.S. prison growth are poorly understood. This article examines one factor that has received insufficient attention: changes in time served. It demonstrates that time served has not risen dramatically in recent years, even [...] We design a new capital requirement for large financial institutions (LFIs) that are “too big to fail.” Our mechanism mimics the operation of margin accounts. To ensure LFIs do not default on systemically relevant obligations, we require that they [...] We evaluate the efficacy of price ceiling legislation by employing weekly data on retail gasoline prices for eight cities in Eastern Canada between 1999 and 2007. The use of these data allows us to pool “treatment” cities in the Atlantic provinces [...] I formulate a rational expectations signaling model of vicarious liability for securities fraud, particularly the much criticized “fraud-on-the-market” private class action arising under Rule 10b-5. I show that fraudulent misreporting by managers [...] For over a decade, there has been a spirited academic debate over the impact on crime of laws that grant citizens the presumptive right to carry concealed handguns in public—so-called right-to-carry (RTC) laws. In 2005, the National Research [...] |
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