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The collection of all scholarly commentary on law, economics, and more

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A Brief Primer on the Abortion and Crime Debate

As I noted in the comments to my earlier post on the AEI event, and by request, I thought I would briefly sketch out some of the theoretical and empirical issues surrounding the Donohue & Levitt (D&L) result (Quarterly Journal of Economics, 2001) that increased abortion access resulted in a lower crime rate. Because of ... A Brief Primer on the Abortion and Crime Debate

Bobby Bartlett Joins Us as Guest Blogger

Bobby Bartlett will be guest blogging here for the next couple of weeks. Bobby is an Assistant Professor of Law at University of Georgia School of Law where he teaches Contracts and Payment Systems. He writes about private equity issues and recently completed a guest stint on the Glom.

Burger King’s CEO Resigns

Burger King announced today that its CEO, Greg Brenneman, has resigned (AP article here). He will be replaced by BK’s CFO.  According to the article: When asked on a conference call about the changes at the top, Chidsey said: “It portends no bad news. Everything is fine with the company.” He and Brenneman declined to ... Burger King’s CEO Resigns

More on the Google Offering

Following up on this post, the prospectus supplement for Google’s offering of 5.3 million shares of its Class A common stock is now available on the SEC’s website (here). The deal was priced on March 31 at $389.00 per share for a total of $2.066 billion. Interestingly, Goldman was the sole underwriter and received a ... More on the Google Offering

Financial Aid Impact of Coverdell Education Savings Accounts

With April 15 looming, I’ve spent some time this morning figuring out whether to make contributions to my sons’ Coverdell Education Savings Accounts or their 529 plans (I’m no longer a big shot attorney, so I don’t have the funds to do both). The issue has come up because on a recent NPR show someone ... Financial Aid Impact of Coverdell Education Savings Accounts

The AEI Event on the Abortion and Crime Debate

The current debate regarding the link between abortion legalization and crime rates has been well publicized. Last week, the AEI held an event at which nearly every scholar to comment on this issue since the initial Donohue & Levitt results were released, stated their case. Here is the AEI’s description: In 2001, John Donohue of ... The AEI Event on the Abortion and Crime Debate

We finally have a PageRank!

Although I promptly alerted Google when we launched this blog about three months ago, our Google PageRank has always been 0 out of 10. Not anymore. We have suddenly emerged with a PageRank of 7 out of 10. PageRank is Google’s “measure of importance� of a page, and is determined as follows: PageRank relies on ... We finally have a PageRank!

In Defense of Short-Selling

In today’s W$J, Holman Jenkins stands up for short-sellers, and rightly so. Those folks have taken a bit of a beating lately. They’ve been sued by companies like Biovail and Overstock.com and trashed on talk shows like CBS’s 60 Minutes. [NOTE: I originally linked to the 60 Minutes segment, but I just realized that the ... In Defense of Short-Selling

Is the phrase "material omission" materially misleading?

Judges and commentators (myself included) routinely assert that an element of a claim under Sections 11, 12(a)(2) and 17(a) of the ’33 Act and Rule 10b-5 of the ’34 Act is a misstatement or omission of a material fact. However, the omission part of the element, with slight differences in phrasing, is actually an omission ... Is the phrase "material omission" materially misleading?

Tenure and the Law Deans

While we’re talking about the ABA . . . Brian Leiter asks whether the American Law Deans’ Association is opposed to tenure. The question is spurred by the ALDA’s comment (.doc) filed with the DOE on the ABA’s application for reaffirmation as a recognized accrediting body. Leiter cites to a blog post (which links to ... Tenure and the Law Deans

Come on Feel the Illinoise

Has everyone noticed that Illinois has been quietly amassing one of the most interesting law & economics/corporations faculties in the country? This year they hired Andrew Morriss, Christine Hurt, Amitai Aviram and Bob Lawless. They’ve already got: Lee Fennell Tom Ginbsburg David Hyman Richard McAdams Richard Painter Larry Ribstein Tom Ulen Cynthia Williams and probably ... Come on Feel the Illinoise

Antitrust, the ABA, and Analysis of Law School Cost Variables

Josh’s interesting post re the sunsetting of the ABA’s antitrust consent decree, as well as David Zaring’s, are worth some further thought. One problem with the consent decree is that it is widely misunderstood. All that antitrust law forbids the ABA to do is impose minimum salaries and other conditions of employment. But that is ... Antitrust, the ABA, and Analysis of Law School Cost Variables