B. L. Benson

7500: Arbitration

Benson, B.L.

The law and economics literature on contracts and contract enforcement has focused almost exclusively on judicial adjudication, despite the fact that the vast majority of contracts are never...

The Law Merchant

Benson, B.L.

Lex Mercatoria, the Law Merchant, generally refers to the custiomary law governing European commercial interactions during the medieval period. Despite its customary nature, however, the Law Merchant...

The Evolution of Commercial Law

Benson, B.L.

Section I distinguishes custom from authority in the context of an examination of the spontaneous evolution of customary commercial law in early medieval Europe, a period when authority had virtually...

The Economist's Role In Rationalizing Drug Policy

Benson, B.L., Rasmussen, D.W.

Understanding the consequences of government regulation of markets is at the core of economic research on public policy, Economists are thus attracted to the study of drug markets that face the...

Deterring Drunk Driving Fatalities: An Economics of Crime Perspective

Benson, B.L., Mast, B.D., Rasmussen, D.W.

Econometric studies of public policies that might deter driving-under-the-influence (DUI) offenses generally adopt, either explicitly or implicitly, the basic framework provided in Becker's (1968)...

Arbitration in the Shadow of the Law

Benson, B.L.

Arbitration is often characterized exclusively as a procedural option for resolution of contract disputes. Procedural benefits include the facts that: (1) arbitrators can be selected for their...

Market Alternatives for Crime Control: Entrepreneurial Responses to Government Failure

Benson, B.L.

herman explains that "Few developments are more indicative of public concern about crime - and declining faith in the ability of public institutions to cope with it - than the burgeoning growth in...

Endogenous Morality

Benson, B.L.

Morality concepts like the Golden Rule and Kantian "categorical imperative" seem to require something like unconditional cooperation. Thus, from a moral standpoint people should fulfill promises,...