The Center for Law and Economic Studies’ basic mandate is to develop interdisciplinary research and teaching programs in order to shed new light on the “fundamental economic and legal problems of the modern industrial society.”

The center, founded in 1975, now sponsors an extensive program of research, teaching, and public discussion of law and economic issues. It has taken the lead in developing new interdisciplinary courses and seminars at Columbia. The center has supported many major research projects, which have included participants from law, economics, business, and other disciplines. In addition, the center provides regular support for research by Columbia faculty members. The first major project was on industrial concentration; subsequent projects have included corporate takeovers, regulation of electric power, and corporate governance.

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Articles

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After Frustration: Three Cheers for Chandler v. Webster, Victor P. Goldberg

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After the Great Recession: Regulating Financial Services for Low- and Middle-Income Communities, Ronald J. Mann

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An Efficiency Analysis of Defensive Tactics, Ronald J. Gilson and Alan Schwartz

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A Structural Approach to Corporations: The Case Against Defensive Tactics in Tender Offers, Ronald J. Gilson

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Aversion to Risk Aversion in the New Institutional Economics, Victor P. Goldberg

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Bargaining in the Shadow of Eminent Domain: Valuing and Apportioning Condemnation Awards Between Landlord and Tenant, Victor P. Goldberg, Thomas W. Merrill, and Daniel Unumb

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Bondholder Coercion: The Problem of Constrained Choice in Debt Tender Offers and Recapitalizations, John C. Coffee Jr. and William A. Klein

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Brave New World?: The Impact(s) of the Internet on Modern Securities Regulation, John C. Coffee Jr.

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Can Restitution Save Fragile Spiderless Networks?, Ariel Porat and Robert E. Scott

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Causation by Presumption? Why the Supreme Court Should Reject Phantom Losses and Reverse Broudo, John C. Coffee Jr.

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Charitable Subsidies and Nonprofit Governance: Comparing the Charitable Deduction with the Exemption for Endowment Income, David M. Schizer

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Cleaning Up Lake River, Victor P. Goldberg

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Coming of Age in a Corporate Law Firm: The Economics of Associate Career Patterns, Ronald J. Gilson and Robert H. Mnookin

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Conflicts in Property, Hanoch Dagan and Michael A. Heller

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Constraints on Private Benefits of Control: Ex Ante Control Mechanisms Versus Ex Post Transaction Review, Ronald J. Gilson and Alan Schwartz

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Contracting Out of the Fiduciary Duty of Loyalty: An Empirical Analysis of Corporate Opportunity Waivers, Gabriel Rauterberg and Eric L. Talley

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Controlling Family Shareholders in Developing Countries: Anchoring Relational Exchange, Ronald J. Gilson

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Controlling Shareholders and Corporate Governance: Complicating the Comparative Taxonomy, Ronald J. Gilson

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Corporate Control and Idiosyncratic Vision, Zohar Goshen and Assaf Hamdani

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Corporate Governance Lessons from Russian Enterprise Fiascoes, Merritt B. Fox and Michael A. Heller

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Corruption of the Class Action: The New Technology of Collusion, John C. Coffee Jr.

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Delaware's Intermediate Standard for Defensive Tactics: Is There Substance to Proportionality Review?, Ronald J. Gilson and Reinier Kraakman

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Derivatives and the Bankruptcy Code: Why the Special Treatment?, Franklin R. Edwards and Edward R. Morrison

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Discretion in Long-Term Open Quantity Contracts: Reining in Good Faith, Victor P. Goldberg

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Economic Crisis and the Integration of Law and Finance: The Impact of Volatility Spikes, Edward G. Fox, Merritt B. Fox, and Ronald J. Gilson

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Engineering a Venture Capital Market: Lessons from the American Experience, Ronald J. Gilson

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Enhancing Efficiency at Nonprofits with Analysis and Disclosure, David M. Schizer

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Evaluating Dual Class Common Stock: The Relevance of Substitutes, Ronald J. Gilson

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Excuse Doctrine: The Eisenberg Uncertainty Principle, Victor P. Goldberg

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From Territorial to Monetary Sovereignty, Katharina Pistor

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Gatekeeper Failure and Reform: The Challenge of Fashioning Relevant Reforms, John C. Coffee Jr.

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Guarantor of Last Resort, Kathryn Judge

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How International Institutions Evolve, Anu Bradford

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How Investors Can (and Can't) Create Social Value, Paul Brest, Ronald J. Gilson, and Mark A. Wolfson

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Hungarian Legal Reform for the Private Sector, Cheryl W. Gray, Rebecca J. Hanson, and Michael A. Heller

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Hungarian Legal Reform for the Private Sector, Cheryl W. Gray, Rebecca J. Hanson, and Michael A. Heller

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Information Gaps and Shadow Banking, Kathryn Judge

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In Search of Best Efforts: Reinterpreting Bloor v. Falstaff, Victor P. Goldberg

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Institutional Change and the Quasi-Invisible Hand, Victor P. Goldberg

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Investor-Driven Financial Innovation, Kathryn Judge

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Just Say No to Whom?, Ronald J. Gilson

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Land Assembly Districts, Michael A. Heller and Rick Hills

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Lipton and Rowe's Apologia for Delaware: A Short Reply, Ronald J. Gilson

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Liquidity Versus Control: The Institutional Investor as Corporate Monitor, John C. Coffee Jr.

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Making Something Out of Nothing: The Law of Takings and Phillips v. Washington Legal Foundation, Michael A. Heller and James E. Krier

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Market Efficiency after the Financial Crisis: It's Still a Matter of Information Costs, Ronald J. Gilson and Reinier Kraakman

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Market Failure and the Economic Case for a Mandatory Disclosure System, John C. Coffee Jr.

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New Myths and Old Realities: The American Law Institute Faces the Derivative Action, John C. Coffee Jr.

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Paradigms Lost: The Blurring of the Criminal and Civil Law Models – And What Can Be Done About It, John C. Coffee Jr.

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Racing Towards the Top?: The Impact of Cross-Listing and Stock Market Competition on International Corporate Governance, John C. Coffee Jr.

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Ratings Reform: The Good, the Bad, and the Ugly, John C. Coffee Jr.

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Redesigning the SEC: Does the Treasury Have a Better Idea?, John C. Coffee Jr. and Hillary A. Sale

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Reflections in a Distant Mirror: Japanese Corporate Governance through American Eyes, Ronald J. Gilson

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Regulating the Market for Corporate Control: A Critical Assessment of the Tender Offer's Role in Corporate Governance, John C. Coffee Jr.

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Regulation and Deregulation: The Baseline Challenge, Kathryn Judge

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Regulatory Dualism as a Development Strategy: Corporate Reform in Brazil, the United States, and the European Union, Ronald J. Gilson, Henry Hansmaan, and Mariana Pargendler

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Reinventing the Outside Director: An Agenda for Institutional Investors, Ronald J. Gilson and Reinier Kraakman

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Remedies in the UCC: Some Critical Thoughts, Victor P. Goldberg

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Resale Price Maintenance and the FTC: The Magnavox Investigation, Victor P. Goldberg

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Rescuing the Private Attorney General: Why the Model of the Lawyer as Bounty Hunter is Not Working, John C. Coffee Jr.

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Revising Boilerplate: A Comparison of Private and Public Company Transactions, Stephen J. Choi, Robert E. Scott, and G. Mitu Gulati

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Separation and the Function of Corporation Law, Ronald J. Gilson

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Serial Entrepreneurs and Small Business Bankruptcies, Douglas G. Baird and Edward R. Morrison

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Serial Entrepreneurs and Small Business Bankruptcies, Douglas G. Baird and Edward R. Morrison

Shareholder Dividend Options, Zohar Goshen

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Sharing Among the Human Capitalists: An Economic Inquiry into the Corporate Law Firm and How Partners Split Profits, Ronald J. Gilson and Robert H. Mnookin

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Sharing the Risks and Rewards of Economic Migration, Anu Bradford

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Some Issues on the Law of Direct Damages (US and UK), Victor P. Goldberg

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Sovereign Wealth Funds and Corporate Governance: A Minimalist Response to the New Mercantilism, Ronald J. Gilson and Curtis J. Milhaupt

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Takeovers in the Boardroom: Burke Versus Schumpeter, Ronald J. Gilson and Reinier Kraakman

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Television and the Quest for Gold: The Unofficial Paper of the 1984 Olympics, Victor P. Goldberg

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The Boundaries of Private Property, Michael A. Heller

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The Brussels Effect, Anu Bradford

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The Case Against Shark Repellent Amendments: Structural Limitations on the Enabling Concept, Ronald J. Gilson

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The Case for an Unbiased Takeover Law (with an Application to the European Union), Luca Enriques, Ronald J. Gilson, and Alessio M. Pacces

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The Core Corporate Governance Puzzle: Contextualizing The Link To Performance, Merritt B. Fox, Ronald J. Gilson, and Darius Palia

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The Cutting Edge of Poster Law, Michael A. Heller

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The Devil Made Me Do It: The Corporate Purchase of Insurance, Victor P. Goldberg

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The Dynamic Analytics of Property Law, Michael A. Heller

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The Economics of Leasing, Thomas W. Merrill

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The Empagran Exception: Between Illinois Brick and a Hard Place, Victor P. Goldberg

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The Free Rider Problem, Imperfect Pricing, and the Economics of Retailing Services, Victor P. Goldberg

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The Known Unknowns of the Business Tax Reforms Proposed in the House Republican Blueprint, Michael J. Graetz

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The Law and Economics of Vertical Restrictions: A Relational Perspective, Victor P. Goldberg

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The Liberal Commons, Hanoch Dagan and Michael A. Heller

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The MacPherson-Henningsen Puzzle, Victor P. Goldberg

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The Mechanisms of Market Efficiency, Ronald J. Gilson

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The Mechanisms of Market Efficiency Twenty Years Later: The Hindsight Bias, Ronald J. Gilson and Reinier Kraakman

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The New Mechanisms of Market Inefficiency, Kathryn Judge

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The Paradox of Contracting in Markets, Robert E. Scott

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The Poison Pill in Japan: The Missing Infrastructure, Ronald J. Gilson

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The Political Economy of Dodd-Frank: Why Financial Reform Tends to be Frustrated and Systemic Risk Perpetuated, John C. Coffee Jr.

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The Repressed Issues of Sentencing: Accountability, Predictability, and Equality in the Era of the Sentencing Commission, John C. Coffee Jr.

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The Tragedy of the Anticommons: Property in the Transition from Marx to Markets, Michael A. Heller

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The Unfaithful Champion: The Plaintiff as Monitor in Shareholder Litigation, John C. Coffee Jr.

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The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance, John C. Coffee Jr. and Darius Palia

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Trade, Law and Product Complexity, Katharina Pistor, Daniel Berkowitz, and Johannes Moenius

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Traynor (Drennan) Versus Hand (Baird): Much Ado About (Almost) Nothing, Victor P. Goldberg

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Understanding Enron: "It's about Gatekeepers, Stupid", John C. Coffee Jr.

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Understanding the Plaintiff's Attorney: The Implications of Economic Theory for Private Enforcement of Law Through Class and Derivative Actions, John C. Coffee Jr.