Business/Corporate Law Research
Labor Market Experiments in a Virtual World (with A. Cohn, E. Fehr).
The Political Economy of Merger Regulation, 53 AM. J. COMP. L. 1 (2005).
Predicting Securities Fraud Settlements and Amounts: A Hierarchical Bayesian Model of Federal Securities Class Action Lawsuits, 9 J. EMPIRICAL L. STUD. 482 (2012) (with Blakely McShane, Oliver Watson & Sean Griffith).
ENSURING CORPORATE MISCONDUCT: HOW LIABILITY INSURANCE UNDERMINES SHAREHOLDER LITIGATION (University of Chicago Press, 2010) (with Sean Griffith).
Bonded Import Safety Warranties, in IMPORT SAFETY: REGULATORY GOVERNANCE IN THE GLOBAL ECONOMY (Cary Coglianese, Adam Finkel & David Zaring, eds., Univ. Pa. Press, 2009).
International Association of Insurance Supervisors, in HANDBOOK OF TRANSNATIONAL ECONOMIC GOVERNANCE REGIMES (Christian Tietje and Alan Brouder, eds., 2009) (with Eryn Mathews).
INSURANCE LAW AND POLICY: CASES, MATERIALS AND PROBLEMS (Aspen Publishing 2003; 2d ed. 2008).
The Role of Unfair Competition in the Common Law, in INTELLECTUAL PROPERTY AND THE COMMON LAW 484 (Shyam Balganesh ed. 2013) (with Gideon Parchomovsky).
CONTRACTS: THE OXFORD INTRODUCTIONS TO U.S. LAW, Oxford Univ. Press (2010)
PERSPECTIVES ON CONTRACT LAW, 4 edition, Aspen Law & Business, 2009 (3rd edition, 2005; 2nd edition, 2001; 1st edition, Little, Brown & Co., 1995).
CONTRACTS: CASES AND DOCTRINE, 4th edition, Aspen Law & Business, 2008 (3rd edition, 2003; 2nd edition, 1999; 1st edition, Little, Brown & Co., 1995).
Theory and Anti-Theory in the Work of Allan Farnsworth International Contracts Law Conference Discussion13 TEX. WESLEYAN L. REV. 1 (2006)
Institutional Investor Activism: Hedge Funds and Private Equity, Economics and Regulation (ed. with Joseph McCahery)(collection to be published by Oxford University Press in 2013).
CORPORATE FINANCE: CASES AND MATERIALS (Foundation Press, 7th ed.).
A World Without Treasuries?, in IS U.S. GOVERNMENT DEBT DIFFERENT? 13 (Franklin Allen et al. eds., 2012).
An Anatomy of Corporate Legal Theory, 24 RESEARCH IN L. & ECON. 21 (2009), reprinted in LAW & ECONOMICS: TOWARD SOCIAL JUSTICE (Dana L. Gold ed., JAI Press 2009).
The Equilibrium Content of Corporate Federalism , 41 WAKE FOREST L. REV. 619 (2006) (with Joseph McCahery), reprinted in 48 CORP. PRAC. COMMENTATOR 855 (2007) and MET RECHT (Peter Essers, et al. eds., Kluwer 2009).
Whither Hostility?, in INTERNATIONAL MERGERS AND ACQUISITIONS ACTIVITY SINCE 1990: QUANTITATIVE ANALYSIS AND RECENT RESEARCH (G. Gregoriou & L. Renneboog, eds., Elsevier 2007).
Supersize Pay, Incentive Compatibility and the Volatile Model of the Shareholder, 1 VA. L. & BUS. REV. 55 (2006), reprinted in PERSPECTIVES ON CORPORATE GOVERNANCE (Scott Kieff & Troy Paredes, eds., Cambridge University Press 2010).
Investment Protection in Extraordinary Times: The Interpretation and Application of Non-Precluded Measures Provisions in Bilateral Investment Treaties 48 VA. J. INT'L L. 307 (2007) (with Andreas von Staden).
Business and Environmental Law, in THE OXFORD HANDBOOK OF BUSINESS AND THE NATURAL ENVIRONMENT (Tima Bansal & Andrew J. Hoffman, eds., 2012) (with Ryan Anderson).
Oversight in Hindsight: Assessing the U.S. Regulatory System in the Wake of Calamity, in REGULATORY BREAKDOWN: THE CRISIS OF CONFIDENCE IN U.S. REGULATION (Cary Coglianese ed., Univ. of Pennsylvania Press, 2012) (with Chris Carrigan).
The Law and Economics of Risk Regulation, in WILEY ENCYCLOPEDIA OF OPERATIONS RESEARCH AND MANAGEMENT SCIENCE (James J. Cochran, ed. 2011).
Beyond Compliance: Explaining Business Participation in Voluntary Environmental Programs, in EXPLAINING COMPLIANCE: BUSINESS RESPONSES TO REGULATION (Vibeke Lehmann Nielsen and Christine Parker, eds.) (with Jonathan Borck) (2011).
Voluntary Environmental Programs: Assessing Their Effectiveness, 34 ANN. REV. ENV'T & RESOURCES 305 (2009) (with Jonathan C. Borck).
New Lower Nicotine Cigarettes Produce Compensatory Smoking and Increased Carbon Monoxide Exposure, 86 DRUG & ALCOHOL DEPENDENCE 294 (2007) (with Andrew A. Strasser, Caryn Lerman, Paul M. Sanborn, and Wallace B. Pickworth).
The Influence of Arbitrator Background and Representation on Arbitration Outcomes (July 16, 2012), U of Penn, Inst for Law & Econ Research Paper No. 12-35 (July 16, 2012) (with Choi, Stephen J. Choi & Adam C. Pritchard).
How Powerful is ISS? Less-and in Different Ways-than Most People Think, 19 CORP. GOVERNANCE ADVISOR 7 (2011) (with Stephan Choi and Marcel Kahan).
How CACs Became Boilerplate: The Politics of Contract Change, in OVERCOMING DEVELOPING COUNTRY DEBT CRISES, 347-388 (Barry Herman, Jose Antonio Ocampo & Shari Spiegel, Oxford University Press 2010) with G. Mitu Gulati.
Rewriting Frankenstein Contracts: Workout Prohibitions in Residential Mortgage-Backed Securities, 82 S. CAL. L. REV. 1075 (2009) (with Adam J. Levitin).
COPYRIGHT LAW (Foundation Press and Thomson Reuters, 2012) (with Jane C. Ginsburg).
Geoffrey Hazard, Jr.
Regulation and Litigation: Complements or Substitutes, in THE AMERICAN ILLNESS: ESSAYS ON THE RULE OF LAW (F. H. Buckley ed., Yale University Press 2013) (with Eric Helland).
Business Taxes and International Competitiveness: Understanding How Taxes Can Distort Capital Ownership and Designing a Nondistortive International Tax System, in DIMENSIONS OF COMPETITIVENESS (Paul De Grauwe, ed., 2010).
International Competitiveness, Tax Incentives, and a New Argument for Tax Sparing: Preventing Double Taxation by Crediting Implicit Taxes (U. Pa. Inst. for Law & Econ., Research Paper No. 08-21, 2008).
Ethical Screening in Modern Financial Markets: The Conflicting Claims Underlying Socially Responsible Investment, 57 BUS. LAW. 681 (2001).
THE JURISPRUDENTIAL FOUNDATIONS OF CORPORATE AND COMMERCIAL LAW (Cambridge U. Press, 2000) (ed. with Steven D. Walt).
The Subprime Crisis - Does it Ask for more Regulation?, in PERSPECTIVES IN COMPANY LAW AND FINANCIAL REGULATION, ESSAYS IN HONOUR OF EDDY WYMEERSCH 570 (M. Tison, H. de Wulf, C. van der Elst, and R. Steennot (Hrsg.) Cambridge 2009).
The Rules of Capital Under Pressures of the Securities Markets, in CAPITAL MARKETS AND COMPANY LAW 95 (Klaus J. Hopt & Eddy Wymeersch, eds., 2003).
Accounting Systems in Transition: How Should Financial Stability Be Defined? in Deutsche Bundesbank (ed.), Reden anlässlich der ersten Konferenz der Stiftung Geld und Währung "An institutional framework for monetary stability" in Frankfurt am Main, am 5./6. Dezember 2002 - unter der Schirmherrschaft des Präsidenten der Deutschen Bundesbank und des Bundesfinanzministers.
The Organization of Global Financial Markets, 158 J. INSTIT. & THEORETICAL ECON. 5 (2002) (paper presented to the 19th International Seminar on the New Institutional Economics - Organizing and Designing Markets; comments by Jan Pieter Krahnen and Paul G. Mahoney).
The Impact of Equity Markets on Business Organization: Some Comparative Observations Regarding Differences in the Evolution of Corporate Structures, 2 EUR. BUS. ORG. L. REV. 669 (2001).
Medienkonzentration und Angebotsvielfalt zwischen Kartell- und Rundfunkrecht (general report on antitrust and ownership rules in mass media, presented to the German Association of Comparative Law in September 2001).
DERECHO DE SOCIEDADES, 5 a edicion revisada y amplisada, 772 pages. (Spanish translation of his textbook and analysis of German corporate law, published by the Fundacion Cultural de Notariadio in the prestigious series "Clasicos Contemporaneos") (2001).
Book Review, 85 BUS. HIST. REV. 622 (2011) (reviewing JENNIFER DELTON, RACIAL INTEGRATION IN CORPORATE AMERICA, 1940-1990 (2009)).
Charles Mooney Jr.
The Case for a Legislative Guide or Model Law on Intermediated Securities: Building on the Geneva Securities Convention.
Perspectives Under the UNIDROIT [Draft] Convention and United States and Japanese Law: The Case for a Legislative Guide or Model Law on Intermediated Securities: Building on the UNIDROIT [Draft] Convention.
A PROCEDURAL THEORY OF BANKRUPTCY LAW: A NORMATIVE ANALYSIS OF THE PROPER (AND IMPROPER) ROLE OF BANKRUPTCY LAW.
THE TRUTH ABOUT SHORTFALL OF INTERMEDIATED SECURITIES: PERSPECTIVES UNDER THE GENEVA SECURITIES CONVENTION, UNITED STATES LAW, AND THE DRAFT EUROPEAN SECURITIES DIRECTIVE (forthcoming 2011, Cambridge University Press [proposal pending]).
United States Sovereign Debt: A Thought Experiment on Default and Restructuring, in IS U.S. GOVERNMENT DEBT DIFFERENT? 169 (Franklin Allen et al. eds., 2012).
OFFICIAL COMMENTARY TO THE UNIDROIT CONVENTION ON SUBSTANTIVE RULES FOR INTERMEDIATED SECURITIES (Oxford University Press 2012) (with Hideki Kanda, Luc Thevenoz & Stephane Beraud).
Core Issues Under the UNIDROIT (Geneva) Convention on Intermediated Securities: Views From the United States and Japan, in INTERMEDIATED SECURITIES: LEGAL PROBLEMS AND PRACTICAL ISSUES 69 (Louise Gullifer & Jennifer Payne eds., Hart Publishing, 2010) (with Hideki Kanda).
Private Law and the Regulation of Securities Intermediaries: Perspectives Under the Geneva Securities Convention and United States Law, 2010 UNIF. L. REV. 811.
The (UNIDROIT) Geneva Securities Convention on Intermediated Securities, 24 BUTTERWORTH’S J. INT’L BANKING & FIN. L. 596 (2009).
Law and Systems for Intermediated Securities and the Relationship of Private Property Law to Securities Clearance and Settlement: United States, Japan, and the UNIDROIT Draft Convention, Institute for Monetary and Economic Studies, Discussion Paper No. 2008-E-8 (May 2008).
Introductory Note to Convention on the Law Applicable to Certain Rights in respect of Securities Held with an Intermediary, 46 INT’L. LEGAL MATERIALS 645 (2007).
SECURITY INTERESTS IN PERSONAL PROPERTY (with S. HARRIS, Foundation Press, 2d ed. 1992; Supp. 1999; 3d ed. 2000; 4th ed. 2006; 5th ed. 2011).
Insolvency Law as Credit Enhancement: The Insolvency-Related Provisions of the Cape Town Convention and the Aircraft Protocol, 13 INT’L INSOLVENCY REV. 24 (2004).
Revised Article 9 Meets the Bankruptcy Code: Policy and Impact, 9 AM. BANKR. INST. L. REV. 85 (2001) (with Steven L. Harris).
Transfer, Pledge, Clearance and Settlement in the Japanese and United States Government Bond Markets, 12 U. PA. J. INT'L BUS. L. 517 (1991) (with Atsushi Kinami).
Idolatry of Land, Current Legal Issues (vol. 5, Oxford University Press 2003).
Impossible, Impracticable or Just Expensive? Allocation of Ancillary Risk in the CMBS Market, 36 J. MARSHALL L. REV. 653 (2003).
The Emerging Secondary Mortgage Market in Latin America, 34 GEO. WASH. INT'L L. REV. 257 (2002) (with W. Vargas).
Subordinated Rolling Equity: Analyzing Real Estate Loan Defaults in the Era of Securitization, 50 EMORY L. J. 519 (2001).
CASES AND MATERIALS ON INTERNATIONAL REGULATION OF TRADE AND INVESTMENT (2006).
THE LAW OF SALES AND SECURED FINANCING (with C. MOONEY & S. HARRIS, 7th ed., Foundation Press 2002).
On Improving Shareholder Voting, in RATIONALITY IN COMPANY LAW: ESSAYS IN HONOUR OF DD PRENTICE (Jennifer Payne and John Armour eds., Hart Publishing, 2009) (with Marcel Kahan).
Hedge Funds in Corporate Governance and Corporate Control, 155 U. PA. L. REV. 1021 (2007) (with Marcel Kahan) (winner of the 2007 De Brauw Prize for the best 2006 paper in the ECGI Law Working Paper series).
Corporate Flight, 36 MISHPATIM 161 (2006) (in Hebrew).
Understanding Lockups: Effects in Bankruptcy and the Market for Corporate Control, 17 YALE J. ON REG. 94 (2000).
As American as Apple Inc.: International Tax and Ownership Nationality (February 11, 2014). U of Penn Law School, Public Law Research Paper No. 14-5; U of Penn, Inst for Law & Econ Research Paper No. 14-3
A Dialogue on the Costs and Benefits of Automatic Stays for Derivatives and Repurchase Agreements, in BANKRUPTCY NOT BAILOUT: A SPECIAL CHAPTER 14 (Hoover Institution Press, 2012) (with Darrell Duffie).
IS U.S. GOVERNMENT DEBT DIFFERENT? (FIC Press, 2012) (with Franklin Allen, Anna Gelpern and Charles Mooney).
BANKRUPTCY (Foundation Press 9th ed., 2012) (with William Warren and Daniel J. Bussel).
Understanding Shari’ah Finance,” CAPITAL THINKING (Spring/Summer 2006).
Takeover Defense When Financial Markets Are (Only) Relatively Efficient, presented at the ILE Corporate Governance Roundtable, April 2002 and the Preferences and Rationale Choice Symposium, March 2002.
Waiting for the Omelet to Set: Match-Specific Assets and Minority Oppression in the Close Corporation, in CONCENTRATED CORPORATE OWNERSHIP, (Randall Morck ed., NBER/Univ. of Chicago 2000), also published in 24 J. Corp. L. 913 (1999) and 42 CORP. PRACT. COMMENTATOR 1 (2000) (with Edward B. Rock).
Is the Family-Friendly Workplace Possible? Dynamic computer simulations using a game-theoretic model
Family Friendly Workplace Reform: Prospects for Change, in 596 ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE 36 (2004).
Psychology of Contract Precautions, 80 U. CHI. L. REV. ___ (with David Hoffman)
Fee Salience in Retirement Investment Choices (with Jill Fisch).
Fault in Contracts, A Psychological Approach, in FAULT IN AMERICAN CONTRACT LAW (Omri Ben-Shahar & Ariel Porat eds., Cambridge University Press, 2010).
The Class Action Fairness Act and Choice of Law in the Federal Courts (article manuscript)
Compelled Corporate Speech and the Role of Expressive Autonomy Under the First Amendment (article manuscript)
Technological Determinism and Its Discontents, 127 HARV. L. REV. 914 (2014)
NETWORKS IN TELECOMMUNICATIONS: ECONOMICS AND LAW (Cambridge Univ. Press 2009) (with Daniel F. Spulber).