Big Business as Gun Control
Gun control increasingly bypasses direct legislative enactments by co-opting the commercial marketplace. Financial institutions and insurers often face regulatory pressures, frequently articulated through vague . . .
Declined at the Border: How Interchange Price Controls Disrupt Cross-Border Commerce
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Law and Political Economy: Missing Markets, Missing Law, and Missing Political Economy
This Article critiques the “Law and Political Economy” (LPE) framework. It aims to challenge the Law and Economics (L&E) approach. We argue that LPE . . .
Time to hang up on a bad anti-robocall law
The subject of robocalls went before the U.S. Supreme Court this week, as the court heard arguments in a case that asks whether the computer programs Facebook . . .
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Declined at the Border: How Interchange Price Controls Disrupt Cross-Border Commerce
Executive Summary Payment-card networks are two-sided platforms that create value by connecting cardholders and merchants. Interchange fees—the small amounts retained by cardholders’ banks when payment . . .
From Friction to Function: Reforming California’s Long-Term Care Insurance System
Executive Summary California’s long-term-care (LTC) financing challenge is no longer prospective—it is immediate. Rapid population aging, unusually high care costs, and a Medi-Cal program already . . .
Competing Against Competition: The COMPETE Act’s Antitrust Overreach
Executive Summary California Assembly Bill 1776, the COMPETE Act, would expand the state’s Cartwright Act to reach single-firm conduct for the first time in the . . .
The Wrong Track: How the Railway Safety Act Risks Derailing Innovation
Executive Summary American freight railroads are safer today than at any point in their history. Accident rates, hazardous-material releases, and employee fatalities have all declined . . .
Health Policy Without Accountability: The Rise of Global Health DoDOs
Executive Summary Global health governance has shifted in ways that weaken democratic accountability while concentrating policy influence. The World Health Organization (the WHO), once a . . .
The Middleman Tax on Car Buyers: How Dealer Franchise Laws Raise Vehicle Prices
Executive Summary Many state automobile-dealer franchise laws require manufacturers to sell vehicles through franchised dealers, even when manufacturers would prefer to sell directly to consumers. . . .
The Illusion of Cheap Credit: Why Interest-Rate Caps Backfire
Executive Summary Policymakers have proposed capping credit card interest rates to provide relief to consumers. A recent Vanderbilt Policy Accelerator study argues that banks’ margins . . .
The Waterbed Effect and the Price of ‘Pricing Fairness’
Executive Summary Several states are considering legislation that would require large grocery suppliers to offer identical prices and contract terms to all retailers purchasing the . . .
Defending Democracy from the DoDOs: How Power Escapes Democratic Control
Executive Summary Liberal democracies rest on five interlocking pillars: separation of powers, subsidiarity, the rule of law, electoral accountability, and freedom of speech. Developed over . . .