List of Publications:
- "The `Arms Race' on American Roads: The Effect of Heavy Vehicles
on
Traffic
Safety and the Failure of Liability Rules."
NBER working paper 9302, Nov.
2002 (available from www.nber.org). Forthcoming, Journal of Law &
Economics, October 2004.
- "Asbestos and the Future of Mass Torts," NBER working paper 10308,
February
2004. Forthcoming, Journal of Economic Perspectives, 2004.
- "Resolving the 'Elephantine Mass'," Regulation, Summer 2003.
- "In-state versus Out-of-state Students: The Divergence of Interest
between Public Universities and State Governments," with Jeffrey A. Groen.
NBER working paper 9603. J. of Public Econ., vol. 88:9-10, pp.
1793-1814, August 2004.
- "Personal Bankruptcy and the Level of Entrepreneurial Activity,"
with Wei Fan. NBER working paper no. 9340.
Journal of Law & Economics, vol. 46:2, October 2003, pp. 543-568.
- "Sovereigns in Distress: Do They Need Bankruptcy?''
Brookings Papers on Economic Activity, 2002, number 1, pp.
287-319.
- "Bankruptcy and Small Firms' Access to Credit," with Jeremy
Berkowitz. NBER working paper no. 9010. RAND J. of
Economics, vol. 35:1, pp. 69-84 (Spring 2004).
- "No-fault for Motor Vehicles: An Economic Analysis,'' with Yuping
Liao.
American Law and Economics Review, vol. 4:2, pp. 258-294 (2002).
- "The Household Bankruptcy Decision,'' with Scott Fay and Erik Hurst.
American Economic Review, vol. 92:3, June 2002, pp. 706-718.
- "Bankruptcy and Small Business,'' Regulation,
vol. 24:2, Summer 2001.
- "The Role of Bankruptcy Procedures in Countries Undergoing Financial
Crises," in Resolution of Financial Distress: An International
Perspective on the Design of Bankruptcy Laws, edited by S. Claessens,
S. Djankov, and A. Mody. Washington, D.C.: The World Bank WBI
Development Studies, 2001.
- "Bankruptcy and the Market for Mortgage and Home Improvement
Loans,''
with Emily Y. Lin. Journal of Urban Economics, vol.
50, July 2001, pp. 138-162.
- "An Optimal Personal Bankruptcy System and Proposed Reforms,'' with
Hung-jen Wang. Journal of Legal Studies, vol.
XXXI(1) (2000).
- "Viewpoint: Too Many Incentives to Go Bankrupt (op-ed),''
American Banker, November 19, 1999.
- "Why It Pays to File for Bankruptcy: A Critical Look at Incentives
under U.S. Bankruptcy Laws and A Proposal for Change.'' University of
Chicago Law Review, vol. 65:3, pp. 685-732, Summer 1998.
Reprinted in A Bankruptcy Law Anthology, Charles J. Tabb, editor,
Anderson Publishing Company, 1999. Shorter versions of this article were
also published as ``What's Wrong with U.S. Personal Bankruptcy Law and How
to Reform It,'' Journal of Lending & Credit Risk Management,
November 1998, "What's Wrong with U.S. Personal Bankruptcy Law and
How to Fix It,'' Regulation, Fall 1999, and "Viewpoints: Too
Many Incentives to Go Bankrupt,'' op-ed in American
Banker, November 19, 1999.
- "What's Wrong with U.S. Bankruptcy Law and How to Fix It,"
Regulation, Fall 1999.
- "Why Don't More Households File for Bankruptcy?'' Journal of
Law, Economics, and Organization,'' vol. 14:2, pp. 205-231, October
1998.
- "Comparative versus Contributory Negligence: Empirical
Comparisons,'' in The New Palgrave Dictionary of
Economics and the Law, P. Newman, editor, London: Macmillan
Press, 1998.
- "Corporate Bankruptcy'' in The New Palgrave Dictionary of
Economics and the Law, P. Newman, editor, London: Macmillan
Press, 1998.
- "Personal Bankruptcy and Credit Supply and Demand'' with J. Karl
Scholz and Reint Gropp. Quarterly Journal of Economics, v. CXII,
pp. 217-252, Feb. 1997.
- "Measuring the Benefits of Owner-Occupied Housing: Effects on
Children'' with Richard K. Green. Journal of Urban Economics,
May 1997.
- "Survey Evidence on Business Bankruptcy,'' in
Corporate Bankruptcy: Economic and Legal Perspectives, J. Bhandari
and L. Weiss, eds. Cambridge University Press, 1996.
- "The Costs of Corporate Bankruptcy: A U.S.-European Comparison,''
in Corporate Bankruptcy: Economic and Legal
Perspectives, J. Bhandari and L. Weiss, eds. Cambridge University
Press, 1996.
- "Liability in Medical
Malpractice: The Author's Response,'' (response to comment by Troyan A.
Brennan),'' Health Affairs, Spring 1995.
- "The Value of Liability in Medical Malpractice,'' Health
Affairs, vol. 13:4, 75-87, Fall 1994.
- "Does Chapter 11 Save Economically Inefficient Firms?''
Washington University Law Quarterly, v. 72:3, 1994, 1319-1340.
- "A Comparison of Formal and Informal Dispute Resolution in Medical
Malpractice'' (with Henry Farber), Journal of Legal Studies,
vol. 23, June 1994, pp. 777-806.
- "Corporate Bankruptcy as a Filtering Device: Chapter 11
Reorganizations and Out-of-Court Debt Restructurings,''
Journal of Law, Economics, and Organization, vol. 10:2, October
1994, pp. 268-295.
- "Housing and the Journey to Work in U.S. Cities,'' published in
Housing Markets in the United States and Japan, edited by Yukio
Noguchi and James Poterba. N.B.E.R./University of Chicago Press,
1994.
- "A Simulation Model of a Decentralized Metropolitan Area with
Two-Worker, `Traditional' and Female-Headed Households'' (with D.
Hotchkiss), Journal of Urban Economics, vol. 34, 1993, pp.
159-185.
- "Insolvency and Bankruptcy'' and ``The Costs of Bankruptcy,'' in
The New Palgrave Dictionary of Money and Finance, P.
Newman, M. Milgate, and J. Eatwell, eds. New York: Stockton
Press, 1992.
- "Legal Complexity and Lawyers' Benefit from Litigation,''
International Review of Law and Economics, vol. 12:3, 1992, pp.
381-396.
- "Economic versus Sociological Approaches to Legal Research:
The Case of Bankruptcy,'' Law and Society Review, vol. 25:3,
1991, pp. 685-709.
- "Measuring Deviations from Absolute Priority in Chapter 11
Bankruptcy,'' J. of Legal Economics; 2(2), July 1992, pages
71-78.
- "Medical Malpractice: An Empirical Examination of the Litigation
Process'' (with Henry Farber), Rand Journal of Economics, v.
22, Summer 1991, pp. 199-217.
- "Commuting and Congestion: A Simulation Model of a
Decentralized Metropolitan Area,'' AREUEA Journal, vol. 18,
1990, pp. 335-368.
- "Why are Taxes So Complex and Who Benefits?" Tax Notes,
vol. 47, no. 3, April 16, 1990. Also published in Change
and Complexity as Barriers to Taxpayer Compliance, Internal
Revenue Service, 1989.
- "The Corporate Bankruptcy Decision," Journal of Economic
Perspectives, vol. 3, Spring 1989, pp. 129-152. Reprinted in J.
Bhandari and L. Weiss, eds., Corporate Bankruptcy: Economic and
Legal Perspectives, Cambridge University Press, 1996, and in
Law and Economics, R. Posner and F. Parisi, eds., Edward Elgar
Publishing, 1995.
- "An Empirical Test of the Comparative and Contributory
Negligence Rules in Accident Law," Rand Journal of
Economics, Autumn 1989, pp. 308-330. Reprinted in Comparative
Law and Economics, G. de Geest and R Van den Bergh, editors. Edward
Elgar Publishing Ltd., 2003.
- "Contract Breach and Contract Discharge due to Impossibility: A
Unified Theory," Journal of Legal Studies, XVII:2,
June 1988.
- "Urban Commuting Journeys are not `Wasteful'," Journal of
Political Economy, v. 96, October 1988, pp. 1097-1110.
- "Location Choice and Commuting Behavior in Cities with
Decentralized Employment," Journal of Urban Economics, July
1988.
- "The Economics of Accidents," book review article of ``Economic
Analysis of Accident Law," by Steven Shavell, Michigan Law
Review, vol. 86, no. 6, May 1988.
- "Personal Bankruptcy Under the 1978 Bankruptcy Code: An
Economic Analysis," Indiana Law Journal, Fall 1987, pp 1-57.
- "Property Taxes and Firm Location: Evidence from Proposition
13", in State and Local Public Finance, H. Rosen, editor,
University of Chicago Press/N.B.E.R., 1986.
- "Property Taxes and Urban Housing Abandonment," Journal of
Urban Economics, November 1986.
- "Sex Differences in Urban Commuting Patterns," American
Economic Review, 76:2, May 1986.
- "Housing Abandonment and Taxes," New York Affairs, 8:2,
1984.
- "Bankruptcy Liquidation and Reorganization," Chapter 35 in
Handbook of Modern Finance, Dennis Logue, ed., Warren, Gorham &
Lamont, 1984. Revised version published in 2nd edition, 1990, and 3rd
edition, 1994.
- "A Comparison of Taxes, Regulation, and Liability Rules under
Imperfect Information" (with Donald Wittman), Journal of
Legal Studies, XII, June 1983.
- "Bankruptcy Costs and the New Bankruptcy Code," Journal of
Finance, May 1983.
- "J51: Incentive, Subsidy or Windfall," New York Affairs,
June 1983.
- "Pollution Taxes and Optimal Spatial Location'' (with Donald
Wittman), Economica, Vol. 49, 1982.
- "An Introduction to the Non-Profit Sector," in The
Non-Profit Sector in a Three Sector Economy, Papers on
Public Economics, COUPE, Vol. 6, 1981.
- "Optimal Spatial Location under Pollution: Liability Rules and
Zoning'' (with Donald Wittman), Journal of Legal Studies,
June 1981.
- "The Effect of City Size and Moving Costs on Public Project
Benefits'' (with William Greer), Journal of Urban
Economics, April 1981.
- "Optimal Inequality in a System of Cities or Regions," Journal
of Regional Science, Vol. 21, No. 3, 1981.
- "Residential and Locational Implications of Changes in Labor
Force Participation'' (with Janice F. Madden), Proceedings
of the Research Conference on Women's Travel Issues, U.S.
Department of Transportation, U.S. GPO, 1981.
- "Spatial Implications of Increases in the Female Labor Force: A
Theoretical and Empirical Synthesis'' (with Janice F. Madden),
Land Economics, November 1980.
- "Public Policy Toward Bankruptcy: Me-First and Other Priority
Rules,'' Bell Journal of Economics, Autumn 1980. Summary
article published in Regulation, March/April 1981.
- "Suburban Growth Controls: Liability Rules and Pigouvian Taxes,"
Journal of Legal Studies, January 1979.
- "Government Response to Spending Limitations," National Tax
Journal, Supplement, June 1979.
- "Long Run versus Short Run Remedies for Spatial Externalities:
Liability Rules, Pollution Taxes and Zoning'' (with Donald
Wittman) in Essays on the Law and Economics of Local
Government, D. Rubinfeld, ed., Papers in Public Economics,
COUPE, Vol. 3, 1979.
- "Measuring the Benefits of Environmental and Public Policy
Changes in Cities: Short-term and Long-term Considerations,''
Journal of Public Economics, 11:2, April
1979.
- "Urban Land Use Patterns: An International Comparison'' (with
Norman J. Glickman), Environment and Planning A, vol. 10,
1978.
- "On Pollution, Pigouvian Taxes and the Market for Land,"
Papers, the Regional Science Association, Vol. 41, 1978.
- "Job Suburbanization, Zoning and the Welfare of Urban Minority
Groups," Journal of Urban Economics, April 1978.
- "Self-Interest in the Suburbs: The Trend Toward No-Growth
Zoning," Policy Analysis, Spring 1978. Reprinted in
Housing in America: Problems and Perspectives, 2nd ed., D.
Mandelker and R. Montgomery, eds., Bobbs-Merrill, 1979, and in
New Strategic Horizons for Social Policy, J. Tropman, M. Dluhy and R.
Lind, eds., Pergaman Press, 1981.
- "On the Short-Term Effects of Long-Term Change in Cities: An
Efficient Land Markets Model,'' Journal of Urban Economics,
October 1978.
- "Proposition 13 and Renters: What Went Wrong?" Taxing and
Spending, October/November 1978.
- "Urban Models of Race Discrimination," Regional Science and
Urban Economics, September 1977.
- "On Cumulative Urban Growth and Urban Density Functions,"
Journal of Urban Economics, January 1977.
- "The Tax Subsidy to Owner-Occupied Housing: Who Benefits?'' with
Lawrence J. White), Journal of Public Economics, February
1977.
- "A Model of Residential Location Choice and Commuting by Men and
Women Workers," Journal of Regional Science, Vol. 17, No.
1, April 1977.
- "Firm Suburbanization and Urban Subcenters," Journal of
Urban Economics, 3:323-343, October 1976. Reprinted in
Analytical Urban Economics, edited by H.W. Richardson, K.J. Button,
and P. Nijkamp, Academic Press, 1996.
- "Welfare Effects in Alternative Models of Zoning," (with J.C.
Ohls and R. Weisberg), Journal of Urban Economics, April
1976.
- "Suburban Zoning in Fragmented Metropolitan Areas," in
Fiscal Zoning and Land Use Controls, E.S. Mills and W.E.
Oates, eds., Heath-Lexington Books, 1975.
- "Firm Location in Zoned Metropolitan Areas," in Fiscal
Zoning and Land Use Controls, E.S. Mills and W.E. Oates, eds.,
Heath-Lexington Books, 1975.
- "The Effect of Zoning on the Size of Metropolitan Areas,"
Journal of Urban Economics, October 1975.
- "The Effects of Zoning on Land Value," (with James C. Ohls and
Richard Weisberg), Journal of Urban Economics, October
1974.