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Fiscal Federalism and the Deductibility of State and Local Taxes in a Federal Income Tax
(Virginia Law Review Association, 1996)
Whether state and local taxes are deductible is believed to have important effects on revenue, tax equity, and the operation of state and local governments. This Article's analysis of deductibility draws on previous work ...
Accuracy in the Assessment of Damages
(University of Chicago Press, 1996)
Assessment of damages is a principal issue in litigation and, in light of this, we consider the social justification for, and the private benefits of, accurate measurement of harm. Greater accuracy induces injurers to ...
Property Rules Versus Liability Rules: An Economic Analysis
(Harvard Law School, 1996)
Should property rights be protected absolutely -- by property rules -- or instead by the requirement that infringing parties pay for harm done--that is, by liability rules? In this article, we present a systematic economic ...