Financial Markets & Institutions

Cass R. Sunstein, Why Markets Don’t Stop Discrimination, 8 Soc. Phil. & Pol’y 22 (1991).

Yochai Benkler, Coase’s Penguin, or, Linux and The Nature of the Firm, 112 Yale L.J. 369 (2002).

Thomas J. Brennan, Andrew W. Lo & Ruixun Zhang, Variety Is the Spice of Life: Irrational Behavior as Adaptation to Stochastic Environments, Q.J. Fin., Sept.

Thomas J. Brennan, Perils of Partial Mark-to-Market Taxation (Northwestern Law & Econ. Research Paper No. 13-34, Aug. 20, 2013).

Thomas J. Brennan, Cash-Flow and Market Response to Repatriation (May 24, 2008).

Thomas J. Brennan & Andrew W. Lo, Dynamic Loss Probabilities and Implications for Financial Regulation, 31 Yale J. on Reg. 667 (2014).

Thomas J. Brennan & Andrew W. Lo, Impossible Frontiers, 56 Mgmt. Sci. 905 (2010).

Thomas J. Brennan & Andrew W. Lo, The Origin of Behavior, 1 Q. J. Fin. 55 (2011).

Andrew W. Lo & Thomas J. Brennan, Do Labyrinthine Legal Limits on Leverage Lessen the Likelihood of Losses? An Analytical Framework, 90 Tex. L. Rev.

Steven Shavell, Sharing Risks of Deferred Payment, 84 J. Pol. Econ. 161 (1976).

Max M. Schanzenbach & Robert H. Sitkoff, Risk Management and the Prudent Investor Rule, 160 Trusts & Estates 45 (2020).

Max M. Schanzenbach & Robert H. Sitkoff, ESG Investing: Theory, Evidence, and Fiduciary Principles, 36 J. Fin. Planning, Oct. 2020 at 42.

Robert H. Sitkoff & Max M. Schanzenbach, ‘Investing for Good’ Meets the Law, Wall St. J., Dec. 10, 2018, at A15.

Robert H. Sitkoff, The Fiduciary Obligations of Financial Advisors Under the Law of Agency, 27 J. Fin. Planning, Feb. 2014, at 42.

Max M. Schanzenbach & Robert H. Sitkoff, The Prudent Investor Rule and Market Risk: An Empirical Analysis, 14 J. Empirical Legal Stud. 129 (2017).

Ronald J. Gilson & Reinier Kraakman, The Mechanisms of Market Efficiency Twenty Years Later: The Hindsight Bias, 28 J. Corp. L. 715 (2003).

Ronald J. Gilson & Reinier Kraakman, MOME in Hindsight, Regulation, Winter 2004, at 64.

Ronald J. Gilson & Reinier Kraakman, Market Efficiency after the Financial Crisis: It’s Still a Matter of Information Costs, 100 Va. L. Rev. 313 (2014).

Robert C. Clark, Comment and Review, The Four Stages of Capitalism: Reflections on Investment Management Treatises, 94 Harv. L. Rev. 561 (1981) (reviewing Tamar Frankel,…

Robert C. Clark, The Four Stages of Capitalism: Reflections on Investment Management Treatises, 94 Harv. L. Rev. 561 (1981) (reviewing Tamar Frankel, The Regulation of…

Oren Bar-Gill & Yochai Benkler, Productivity Versus Power: The Role of Law and Technology, (Mis)perceptions and Ideology (Harv. L. Sch. John M. Olin Ctr. Discussion…