My research is focused on problems of legal design in market democracies. I am currently looking at how legal institutions learn over time, the role of lawyers in generating adaptive legal rules and the rule of law and how the markets for law, lawyers and dispute resolution affect the production of law. This involves questions not only of the price and quality of legal services but also of innovation in the provision of legal goods and services and the provision of the 'soft infrastructure' that supports innovative economic activity. I am also working on issues related to the democratic functions of law and the risks arising from the growth of anti-court sentiment in tort reform and alternative dispute resolution norms.
Comparative Law and Economics
The Levers of Legal Design: Institutional Determinants of the Quality of Law, Journal of Comparative Economics (2008)
In the past decade a comparative law and economics literature has emerged that is largely...
The Role of International Law Firms and Multijural Legal Human Capital in the Harmonization of Legal Regimes (2007)
The problem of harmonizing legal rules across multiple overlapping legal orders is, in part, a...
The Quality of Law: Judicial Incentives, Legal Human Capital and the Evolution of Law (2007)
Much of the existing literature investigating the relationship between legal regimes and economic growth focuses...
The Many Legal Institutions that Support Contractual Commitment, Handbook of New Institutional Economics (2004)
One of the fundamental contributions of transaction cost theory and institutional economics has been to...
Contracting and Commercial Law
Legal Barriers to Innovation: The Growing Economic Cost of Professional Control Over Corporate Legal Markets, Stanford Law Review (2008)
Markets for legal goods and services are among the most heavily regulated in the U.S....
On Public versus Private Provision of Corporate Law (with Eric Talley), Journal of Law, Economics and Organization (2006)
The Many Legal Institutions that Support Contractual Commitment, Handbook of New Institutional Economics (2004)
One of the fundamental contributions of transaction cost theory and institutional economics has been to...
Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law, American Law and Economics Review (2004)
Privatizing Commercial Law: Lessons from ICANN, Journal of Small and Emerging Business Law (2002)
Empirical Studies of Legal System
Judging Science: An Essay on the Unscientific Basis of Beliefs about the Impact of Law on Science and the Need for Better Data about Law, Journal of Law and Policy (2006)
Exploring Economic and Democratic Theories of Litigation: Differences between Individual and Organizational Litigants in the Disposition of Federal Civil Cases, Stanford Law Review (2005)
Where have all the trials gone? Settlements, non-trial adjudications and statistical artifacts in the changing disposition of federal civil cases, Journal of Empirical Legal Studies (2004)
Feminist Law and Economics
Feminism, Fairness and Welfare: An Invitation to Feminist Law-and-Economics, Annual Review of Law and Social Science (2005)
Legal Design for Market Democracies
Framing the Choice between Cash and Courthouse: Experiences with the 9/11 Victim Compensation Fund, Law and Society Review (2008)
In this paper I report the results of a quantitative and qualitative empirical study of...
Legal Barriers to Innovation: The Growing Economic Cost of Professional Control Over Corporate Legal Markets, Stanford Law Review (2008)
Markets for legal goods and services are among the most heavily regulated in the U.S....
The Levers of Legal Design: Institutional Determinants of the Quality of Law, Journal of Comparative Economics (2008)
In the past decade a comparative law and economics literature has emerged that is largely...
The Role of International Law Firms and Multijural Legal Human Capital in the Harmonization of Legal Regimes (2007)
The problem of harmonizing legal rules across multiple overlapping legal orders is, in part, a...
The Quality of Law: Judicial Incentives, Legal Human Capital and the Evolution of Law (2007)
Much of the existing literature investigating the relationship between legal regimes and economic growth focuses...
Markets for Lawyers
Legal Barriers to Innovation: The Growing Economic Cost of Professional Control Over Corporate Legal Markets, Stanford Law Review (2008)
Markets for legal goods and services are among the most heavily regulated in the U.S....
The Role of International Law Firms and Multijural Legal Human Capital in the Harmonization of Legal Regimes (2007)
The problem of harmonizing legal rules across multiple overlapping legal orders is, in part, a...
Don’t Forget the Lawyers: Legal Human Capital and The Role of Lawyers in Supporting the Rule of Law, DePaul Law Review (2006)
The Price of Law: How the Market for Lawyers Distorts the Justice System, Michigan Law Review (2000)
Settlement and ADR
Framing the Choice between Cash and Courthouse: Experiences with the 9/11 Victim Compensation Fund, Law and Society Review (2008)
In this paper I report the results of a quantitative and qualitative empirical study of...
On Public versus Private Provision of Corporate Law (with Eric Talley), Journal of Law, Economics and Organization (2006)
Exploring Economic and Democratic Theories of Litigation: Differences between Individual and Organizational Litigants in the Disposition of Federal Civil Cases, Stanford Law Review (2005)
The September 11th Victim Compensation Fund: "An Unprecedented Experiment in American Democracy", The Future of Terrorism Risk Insurance (2005)
One of the profound ironies of September 11 is that an attack widely perceived to...