Federalizing Caremark
American corporations have a long history of carelessness and Caremark has made it difficult for shareholders to recover against them for it. In 2018, . . .
Federalizing Caremark
Unpacking Coasian ‘Red Boxes’: Universities and Commercialization
In The Nature of the Firm, Ronald Coase explains how firms represent a suspension of the market mechanism. The allocation of activities depends on . . .
Testing the Hayek hypothesis: Recent theoretical and experimental evidence
Economists well understand that the work of Friedrich Hayek contains important theoretical insights. It is less often acknowledged that his work contains testable predictions . . .
How Do Insurers Price Medical Malpractice Insurance?
We study the factors that predict medical malpractice (“med mal”) insurance premia, using national data from Medical Liability Monitor over 1990 to 2017. A . . .
Paid Medical Malpractice Claims: How Strongly Does the Past Predict the Future?
Using hazard analysis, we study whether various physician characteristics, including prior paid claim history, gender, specialty, years of experience, type of degree (M.D. versus . . .
Marketing & Experimentation for Social Change: Adapting to Drought in California
In social change contexts such as conservation or public health, marketing can communicate information, nudge people toward more socially aligned behavior, or encourage adoption . . .
What Have the Intermediaries Ever Done for Us?
Intermediaries emerge when it would otherwise be too difficult (or too costly) for groups of users to meet and interact. There is thus no guarantee that government-mandated disintermediation — such as that contemplated in the European DMA and the U.S. AICOA bill — will generate net benefits in a given case.
The Adoption of Computational Antitrust by Agencies: 2021 Report
In the first quarter of 2022, the Stanford Computational Antitrust project team invited the partnering antitrust agencies to share their advances in implementing computational . . .
Expressive Trading, Hypermateriality, and Insider Trading
The phenomenon of social-media-driven trading (SMD trading) entered the public consciousness earlier this year when GameStop’s stock price was driven up two orders of . . .