In passing the new financial regulation law, Congressional Democrats and the White House were able to surf a wave of populist fury that threatened to drown politicians who appeared to be too chummy with all those nice folks who brought you the financial collapse. But auto dealers, whose lending practices …
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By Robert Hahn, Peter Passell | Tags: antitrust law, auto franchise laws, Chrysler, contract law, General Motors, James Surowiecki, Jessica Higashiyama | Category: Market Regulation |
 One commentEconomists are of two minds about the use of courts to manage civil disputes. On the one hand, the threat of litigation makes contracts enforceable and drives tort settlements, thereby minimizing the need for government regulation. On the other, litigation chews up vast resources. Alas, a striking new … By Robert Hahn, Peter Passell | Tags: contract law, Cost-Benefit Analysis, Eric Helland, Paul Heaton, RAND, torts | Category: Interesting Research, Legal Reform |
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