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TRUTH ON THE MARKET

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Wall Street Journal Cites Philadelphia Courts Paper Authored by Professor Joshua Wright PDF Print E-mail

The Wall Street Journal is reporting on a bill before the Pennsylvania house Judiciary Committee that would offset the current advantage for plaintiffs by changing the courts' jurisdiction rules. While plaintiffs can currently parachute into Philadelphia from anywhere in the state, the new plan would allow Pennsylvania's local courts to hear personal injury cases only when the plaintiff is a resident, a corporation is locally headquartered, or the incident occurred in the district.

The piece cites a paper issued by the International Center for Law & Economics and authored by Professor of Law and Economics at George Mason University School of Law, Joshua D. Wright. As the Wall Street Journal indicates,

Philadelphia plaintiffs are less likely to settle than plaintiffs elsewhere and show a marked preference for jury trials, according to a report for the International Center for Law and Economics by Joshua Wright based on data from Administrative Office of Pennsylvania Courts. Philadelphia juries find in favor of plaintiffs more often than non-Philly juries—"by as much as 23.7% in absolute terms in 2005."

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Geoffrey Manne To Speak on Privacy at Silicon Flatirons PDF Print E-mail

Information privacy represents one of the most exciting, rapidly growing areas of legal scholarship, yet information privacy law scholars rarely express any faith in market principles. Government regulators seem a bit more conflicted, with recent pronouncements from the Commerce Department, FTC, and Congress premised largely on market-based, notice-and-choice principles, but emphasizing the limits of markets.

This Friday, Silicon Flatirons Center for Law, Technology, and Entrepreneurship at the University of Colorado will host representatives from these three institutions to debate the Economics of Privacy. Joining them will be an interdisciplinary group of leading thinkers from other disciplines, such as economists studying the behavioral economics of privacy and computer scientists who specialize in human-computer interaction studying the limits of notice-and-choice. Executive Director Geoffrey Manne has been invited as one of these guests and will explore the markets of privacy, explaining the advantages of relying on market forces, self-regulation, and FTC’s existing enforcement mechanisms to protect privacy in the 21st century.

 
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