首页 > 最新文献

Journal of Legal Analysis最新文献

英文 中文
The Limits of Formalism in the Separation of Powers 分权中形式主义的局限性
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2024-11-16 DOI: 10.1093/jla/laae007
Shalev Gad Roisman
Formalism is the dominant mode of separation of powers analysis on the Supreme Court and one of two paradigmatic approaches in the academy. It seeks to resolve disputes between Congress and the President by asking which branch has exclusive power over the relevant matter. This method is thought to work because, if one branch has exclusive power over the matter, then, by definition, the other branch does not. Although this method is coherent and workable in some relatively straightforward cases, it is of no use in areas where both branches’ “exclusive” powers overlap—as formalists routinely concede is possible. This is a major problem because almost all the disputes that actually arise today involve areas of overlapping power. In such cases, both branches have relevant power to act and come into conflict. This Article argues that separation of powers formalism has never built—and can never build—a coherent method that tells us which branch to prioritize in such instances. These are the limits of formalism in the separation of powers. Formalism might help us understand some uncontroversial separation of powers questions, but it cannot resolve the disputes that actually matter today.
形式主义是最高法院三权分立分析的主要模式,也是学术界两种典型方法之一。它试图通过询问哪个部门对相关事项拥有专属权力来解决国会与总统之间的争议。这种方法被认为行之有效,因为如果一个部门对相关事项拥有专属权,那么根据定义,另一个部门就没有专属权。虽然这种方法在一些相对简单的情况下是连贯和可行的,但在两个部门的 "专属 "权力重叠的领域却毫无用处--形式主义者通常承认这是可能的。这是一个大问题,因为当今实际出现的几乎所有争端都涉及权力重叠的领域。在这种情况下,两个部门都有相关的行动权,并发生冲突。本文认为,三权分立的形式主义从未建立--也不可能建立--一种连贯的方法,告诉我们在这种情况下应优先考虑哪个部门。这就是形式主义在三权分立中的局限。形式主义可能会帮助我们理解一些没有争议的分权问题,但它无法解决当今实际重要的争端。
{"title":"The Limits of Formalism in the Separation of Powers","authors":"Shalev Gad Roisman","doi":"10.1093/jla/laae007","DOIUrl":"https://doi.org/10.1093/jla/laae007","url":null,"abstract":"Formalism is the dominant mode of separation of powers analysis on the Supreme Court and one of two paradigmatic approaches in the academy. It seeks to resolve disputes between Congress and the President by asking which branch has exclusive power over the relevant matter. This method is thought to work because, if one branch has exclusive power over the matter, then, by definition, the other branch does not. Although this method is coherent and workable in some relatively straightforward cases, it is of no use in areas where both branches’ “exclusive” powers overlap—as formalists routinely concede is possible. This is a major problem because almost all the disputes that actually arise today involve areas of overlapping power. In such cases, both branches have relevant power to act and come into conflict. This Article argues that separation of powers formalism has never built—and can never build—a coherent method that tells us which branch to prioritize in such instances. These are the limits of formalism in the separation of powers. Formalism might help us understand some uncontroversial separation of powers questions, but it cannot resolve the disputes that actually matter today.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"18 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142645835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Putting Freedom of Contract in its Place 为契约自由正名
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2024-07-30 DOI: 10.1093/jla/laae004
Rebecca Stone
I develop a novel, rights-based conception of contract—the “democratic conception”—that can deliver a justification for granting a sphere of freedom to contracting parties while setting principled limits on that grant. It justifies doctrines—including the penalty doctrine, the doctrine of substantial performance, a robust doctrine of changed circumstances, and a robust doctrine of unconscionability—that an influential group of contract theorists argue set unprincipled limits on the parties’ equal procedural freedom. My account shows how these doctrines can be rendered compatible with a robust principle of freedom of contract that is grounded in the parties’ rights.
我提出了一种新颖的、以权利为基础的合同概念--"民主概念"--它可以为授予合同当事人一定范围的自由提供理由,同时对这种授予设定原则性的限制。它为各种理论--包括惩罚理论、实质性履行理论、强有力的情势变更理论和强有力的不合情理理论--提供了正当理由,而这些理论被一群有影响力的契约理论家认为对当事人的平等程序自由设置了无原则的限制。我的论述说明了如何使这些理论与以当事人权利为基础的强有力的契约自由原则相容。
{"title":"Putting Freedom of Contract in its Place","authors":"Rebecca Stone","doi":"10.1093/jla/laae004","DOIUrl":"https://doi.org/10.1093/jla/laae004","url":null,"abstract":"I develop a novel, rights-based conception of contract—the “democratic conception”—that can deliver a justification for granting a sphere of freedom to contracting parties while setting principled limits on that grant. It justifies doctrines—including the penalty doctrine, the doctrine of substantial performance, a robust doctrine of changed circumstances, and a robust doctrine of unconscionability—that an influential group of contract theorists argue set unprincipled limits on the parties’ equal procedural freedom. My account shows how these doctrines can be rendered compatible with a robust principle of freedom of contract that is grounded in the parties’ rights.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"44 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141857793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Large Legal Fictions: Profiling Legal Hallucinations in Large Language Models 大型法律虚构:剖析大型语言模型中的法律幻觉
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2024-06-26 DOI: 10.1093/jla/laae003
Matthew Dahl, Varun Magesh, Mirac Suzgun, Daniel E Ho
Do large language models (LLMs) know the law? LLMs are increasingly being used to augment legal practice, education, and research, yet their revolutionary potential is threatened by the presence of “hallucinations”—textual output that is not consistent with legal facts. We present the first systematic evidence of these hallucinations in public-facing LLMs, documenting trends across jurisdictions, courts, time periods, and cases. Using OpenAI’s ChatGPT 4 and other public models, we show that LLMs hallucinate at least 58% of the time, struggle to predict their own hallucinations, and often uncritically accept users’ incorrect legal assumptions. We conclude by cautioning against the rapid and unsupervised integration of popular LLMs into legal tasks, and we develop a typology of legal hallucinations to guide future research in this area.
大型语言模型(LLMs)了解法律吗?大型语言模型正越来越多地被用于增强法律实践、教育和研究,然而其革命性潜力却受到了 "幻觉"--与法律事实不符的文本输出--的威胁。我们首次系统地展示了面向公众的法律硕士中的这些幻觉,并记录了不同司法管辖区、法院、时间段和案例的趋势。通过使用 OpenAI 的 ChatGPT 4 和其他公共模型,我们发现法律硕士至少有 58% 的时间会产生幻觉,他们难以预测自己的幻觉,并且经常不加批判地接受用户错误的法律假设。最后,我们告诫大家不要将流行的 LLM 快速、无监督地整合到法律任务中,我们还提出了一种法律幻觉类型学,以指导该领域的未来研究。
{"title":"Large Legal Fictions: Profiling Legal Hallucinations in Large Language Models","authors":"Matthew Dahl, Varun Magesh, Mirac Suzgun, Daniel E Ho","doi":"10.1093/jla/laae003","DOIUrl":"https://doi.org/10.1093/jla/laae003","url":null,"abstract":"Do large language models (LLMs) know the law? LLMs are increasingly being used to augment legal practice, education, and research, yet their revolutionary potential is threatened by the presence of “hallucinations”—textual output that is not consistent with legal facts. We present the first systematic evidence of these hallucinations in public-facing LLMs, documenting trends across jurisdictions, courts, time periods, and cases. Using OpenAI’s ChatGPT 4 and other public models, we show that LLMs hallucinate at least 58% of the time, struggle to predict their own hallucinations, and often uncritically accept users’ incorrect legal assumptions. We conclude by cautioning against the rapid and unsupervised integration of popular LLMs into legal tasks, and we develop a typology of legal hallucinations to guide future research in this area.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"87 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141461890","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How Election Rules Affect Who Wins 选举规则如何影响胜负
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2024-04-06 DOI: 10.1093/jla/laae001
Justin Grimmer, Eitan Hersh
Contemporary election reforms that are purported to increase or decrease turnout tend to have negligible effects on election outcomes. We offer an analytical framework to explain why. Contrary to heated political rhetoric, election policies have small effects on outcomes because they tend to target small shares of the electorate, have a small effect on turnout, and/or affect voters who are relatively balanced in their partisanship. After developing this framework, we address how the findings bear on minority voting rights. We then show that countermobilization from political parties cannot explain the small effects of election laws. We explain that even when a state passes multiple policies at the same time, the reforms will still only have a marginal effect on turnout and an ambiguous effect on who wins. Finally, we explain what policies should raise alarm about affecting outcomes.
声称会提高或降低投票率的当代选举改革对选举结果的影响往往微乎其微。我们提供了一个分析框架来解释原因。与激烈的政治言论相反,选举政策对选举结果的影响很小,因为它们往往针对的是小部分选民,对投票率的影响很小,和/或影响到党派立场相对均衡的选民。在建立了这一框架之后,我们讨论了研究结果对少数群体投票权的影响。然后,我们证明政党的反动员无法解释选举法的微小影响。我们解释说,即使一个州同时通过多项政策,改革对投票率的影响仍然微乎其微,对谁能获胜的影响也不明确。最后,我们解释了哪些政策应引起人们对选举结果影响的警惕。
{"title":"How Election Rules Affect Who Wins","authors":"Justin Grimmer, Eitan Hersh","doi":"10.1093/jla/laae001","DOIUrl":"https://doi.org/10.1093/jla/laae001","url":null,"abstract":"Contemporary election reforms that are purported to increase or decrease turnout tend to have negligible effects on election outcomes. We offer an analytical framework to explain why. Contrary to heated political rhetoric, election policies have small effects on outcomes because they tend to target small shares of the electorate, have a small effect on turnout, and/or affect voters who are relatively balanced in their partisanship. After developing this framework, we address how the findings bear on minority voting rights. We then show that countermobilization from political parties cannot explain the small effects of election laws. We explain that even when a state passes multiple policies at the same time, the reforms will still only have a marginal effect on turnout and an ambiguous effect on who wins. Finally, we explain what policies should raise alarm about affecting outcomes.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"78 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140534117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How Crime Shapes Insurance and Insurance Shapes Crime 犯罪如何影响保险和保险如何影响犯罪
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-09-06 DOI: 10.1093/jla/laad002
Tom Baker, Anja Shortland
Crime creates demand for insurance but supplying insurance may promote crime. We examine five case studies of insured crimes (auto theft, art theft, kidnap and hijack for ransom, ransomware, and payment card fraud) and find a co-evolutionary process through which insurers engage with insureds, governments, and legal and extralegal third parties to mitigate losses, particularly when criminal innovations destabilize the insurance market. “Insurance as crime governance” stimulates demand for security, shapes criminal incentives, engages with the state to combat crime, and tolerates some crime in the interest of profitability.
犯罪创造了对保险的需求,但提供保险可能会助长犯罪。我们研究了五个保险犯罪案例(汽车盗窃、艺术品盗窃、绑架和劫持赎金、勒索软件和支付卡欺诈),并发现了一个共同进化的过程,保险公司通过这个过程与被保险人、政府以及法律和法外第三方合作,以减轻损失,特别是当犯罪创新破坏保险市场稳定时。“保险即犯罪治理”刺激了对安全的需求,形成了犯罪激励,与国家合作打击犯罪,并为了盈利而容忍一些犯罪。
{"title":"How Crime Shapes Insurance and Insurance Shapes Crime","authors":"Tom Baker, Anja Shortland","doi":"10.1093/jla/laad002","DOIUrl":"https://doi.org/10.1093/jla/laad002","url":null,"abstract":"Crime creates demand for insurance but supplying insurance may promote crime. We examine five case studies of insured crimes (auto theft, art theft, kidnap and hijack for ransom, ransomware, and payment card fraud) and find a co-evolutionary process through which insurers engage with insureds, governments, and legal and extralegal third parties to mitigate losses, particularly when criminal innovations destabilize the insurance market. “Insurance as crime governance” stimulates demand for security, shapes criminal incentives, engages with the state to combat crime, and tolerates some crime in the interest of profitability.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 10","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Remote Work and City Decline: Lessons From the Garment District 远程工作与城市衰落:服装区的经验教训
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-09-06 DOI: 10.1093/jla/laad004
Clayton P Gillette
The dramatic rise of remote work threatens the traditional source of urban growth—the unique ability of dense cities to provide a setting in which firms and employees share productive resources, match needs with skills, and transmit knowledge at low cost. These “agglomeration benefits” have induced cities to pursue clusters of related firms that have served as the basis for local economic development and technological innovation. Remote work reduces the necessity for related firms to co-locate, and its popularity has led commentators to predict significant decrease in city business activity, tax revenues, and services as traditional clusters dissipate. It remains unclear how cities will react to the remote work phenomenon. Prior episodes of cluster decline, however, reveal that cities have difficulty pivoting to new economic models when outmoded ones threaten local decay. Instead, cities tend to support existing clusters, notwithstanding that the impending decline is a function of external forces rather than of local policies. This article addresses the potential mismatch between cluster decline that may flow from remote work and city responses. The article theorizes that continued municipal efforts to support a declining cluster emerge from the ability of affected firms to coalesce, exercise political influence, and exploit fragmented municipal decision making to preserve the status quo, maintain or increase municipal subsidies for the cluster, and deter entry by competitors for city resources. Those strategies impede the city’s transition to a more productive economy in the face of looming cluster decline. The article then turns to the history of the garment industry in New York City to illustrate the theory. That history provides a cautionary tale about how cities should and should not respond to the threats they face from remote work.
远程工作的急剧兴起威胁着城市增长的传统来源——密集城市提供一种独特的能力,在这种能力中,企业和员工可以共享生产资源,将需求与技能相匹配,并以低成本传播知识。这些“集聚效益”促使城市追求相关企业集群,这些企业集群是当地经济发展和技术创新的基础。远程工作减少了相关公司共处一地的必要性,其受欢迎程度使评论员预测,随着传统集群的消失,城市商业活动、税收和服务将大幅减少。目前尚不清楚城市将如何应对远程工作现象。然而,之前的集群衰退表明,当过时的经济模式威胁到当地的衰退时,城市很难转向新的经济模式。相反,城市倾向于支持现有的集群,尽管即将到来的衰退是外部力量而非地方政策的作用。这篇文章讨论了远程工作可能导致的集群减少与城市反应之间的潜在不匹配。这篇文章的理论是,市政当局为支持一个衰落的集群所做的持续努力,源于受影响的企业能够联合起来,行使政治影响力,并利用分散的市政决策来维持现状,维持或增加市政当局对集群的补贴,并阻止竞争对手进入城市资源。在集群衰退迫在眉睫的情况下,这些战略阻碍了该市向生产率更高的经济转型。然后,本文转向纽约市服装业的历史来阐述这一理论。这段历史为城市应该和不应该应对远程工作带来的威胁提供了一个警示。
{"title":"Remote Work and City Decline: Lessons From the Garment District","authors":"Clayton P Gillette","doi":"10.1093/jla/laad004","DOIUrl":"https://doi.org/10.1093/jla/laad004","url":null,"abstract":"The dramatic rise of remote work threatens the traditional source of urban growth—the unique ability of dense cities to provide a setting in which firms and employees share productive resources, match needs with skills, and transmit knowledge at low cost. These “agglomeration benefits” have induced cities to pursue clusters of related firms that have served as the basis for local economic development and technological innovation. Remote work reduces the necessity for related firms to co-locate, and its popularity has led commentators to predict significant decrease in city business activity, tax revenues, and services as traditional clusters dissipate. It remains unclear how cities will react to the remote work phenomenon. Prior episodes of cluster decline, however, reveal that cities have difficulty pivoting to new economic models when outmoded ones threaten local decay. Instead, cities tend to support existing clusters, notwithstanding that the impending decline is a function of external forces rather than of local policies. This article addresses the potential mismatch between cluster decline that may flow from remote work and city responses. The article theorizes that continued municipal efforts to support a declining cluster emerge from the ability of affected firms to coalesce, exercise political influence, and exploit fragmented municipal decision making to preserve the status quo, maintain or increase municipal subsidies for the cluster, and deter entry by competitors for city resources. Those strategies impede the city’s transition to a more productive economy in the face of looming cluster decline. The article then turns to the history of the garment industry in New York City to illustrate the theory. That history provides a cautionary tale about how cities should and should not respond to the threats they face from remote work.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 11","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Finding Facts in Medieval English Law 从中世纪英国法律中寻找事实
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-08-23 DOI: 10.1093/jla/laad009
Elizabeth Papp Kamali
Accounts of the post-Lateran IV period tend to emphasize the different procedural paths taken by English courts, which adopted jury trial for felony cases, and continental European courts, which turned toward inquisitorial methods and a greater reliance on confession. This article argues that the fact-finding strategies of the two systems had more in common than may appear at first glance due, in part, to a shared cultural reservoir exemplified by the strategy of circumstantial inquiry employed by confessors. Rather than focusing on the point of greatest difference, the trial jury, this article examines pre-trial investigative processes to emphasize shared jurisprudential priorities.
对后拉特兰四世时期的描述倾向于强调英国法院和欧洲大陆法院所采取的不同程序路径,前者对重罪案件采用陪审团审判,后者转向检察方法并更多地依赖供词。这篇文章认为,这两个系统的事实调查策略比乍看起来有更多的共同点,部分原因是忏悔者采用的间接调查策略体现了一个共同的文化库。本文不是关注最大的差异点,即审判陪审团,而是研究审前调查过程,以强调共同的法理优先事项。
{"title":"Finding Facts in Medieval English Law","authors":"Elizabeth Papp Kamali","doi":"10.1093/jla/laad009","DOIUrl":"https://doi.org/10.1093/jla/laad009","url":null,"abstract":"Accounts of the post-Lateran IV period tend to emphasize the different procedural paths taken by English courts, which adopted jury trial for felony cases, and continental European courts, which turned toward inquisitorial methods and a greater reliance on confession. This article argues that the fact-finding strategies of the two systems had more in common than may appear at first glance due, in part, to a shared cultural reservoir exemplified by the strategy of circumstantial inquiry employed by confessors. Rather than focusing on the point of greatest difference, the trial jury, this article examines pre-trial investigative processes to emphasize shared jurisprudential priorities.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 15","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corporate Governance Welfarism 公司治理福利主义
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-08-23 DOI: 10.1093/jla/laad007
Marcel Kahan, Edward Rock
Corporate governance is on the verge of entering a new stage. After the managerialism that dominated the view of the corporation into the 1970s and the shareholderism that supplanted it, we are witnessing the emergence of a new paradigm: corporate governance welfarism. Welfarism rejects the faith that market forces will promote general welfare and lacks confidence in the government’s ability to set proper boundary constraints. By looking to corporations to internalize externalities directly, welfarism thus offers an alternative way to deal with social problems that the political system has failed to address. Welfarism comes in three strands—portfolio welfarism, shareholder welfarism, and direct social welfarism—two of which are consistent with shareholder primacy. The important distinction between welfarism and shareholderism, rather, is that welfarism, by embracing goals that are much broader than shareholder value as a means to promote overall welfare, reflects a departure from the classical liberal economic theory that underpins shareholderism. Welfarism, in turn, departs from managerialism in looking beyond the single firm, in relying on shareholder and stakeholder pressure rather than on managerial discretion to balance firm value maximization and broader objectives, and in embracing a wider set of potential stakeholders. Welfarism is on the rise ideologically. While it is unclear how much welfarism has already affected operations at individual firms, the underlying drivers of welfarism are likely to remain or grow. There are, therefore, good reasons to believe that the push towards welfarism will take hold, grow, and, over time, generate a welfarist turn in corporate governance. Welfarism, however, is subject to two inherent limitations. First, welfarism has its greatest traction for publicly traded companies with dispersed shareholders. By contrast, for companies with a single shareholder, a controlling shareholder, or a small group of shareholders, the welfarist prescriptions will have only a limited impact. Second, the very lack of consensus that impedes political solutions reemerges under and constrains welfarism by generating disagreements among shareholders, impugning its legitimacy, and imposing political barriers to its implementation.
公司治理即将进入一个新阶段。在20世纪70年代主导公司观的管理主义和取代它的股东主义之后,我们正在见证一种新范式的出现:公司治理福利主义。Welfarism拒绝相信市场力量会促进普遍福利,并且对政府设定适当边界约束的能力缺乏信心。因此,通过寻求企业直接内化外部性,福利主义提供了一种替代方式来处理政治制度未能解决的社会问题。福利主义分为三种——投资组合福利主义、股东福利主义和直接社会福利主义——其中两种与股东至上主义一致。相反,福利主义和股权主义之间的重要区别在于,福利主义通过将比股东价值更广泛的目标作为促进整体福利的手段,反映了对支持股权主义的古典自由主义经济理论的背离。反过来,福利主义背离了管理主义,超越了单一企业,依靠股东和利益相关者的压力而不是管理层的自由裁量权来平衡企业价值最大化和更广泛的目标,并拥抱了更广泛的潜在利益相关者。福利主义在意识形态上正在兴起。虽然目前尚不清楚福利主义对个别公司的运营产生了多大影响,但福利主义的潜在驱动因素可能会继续存在或增长。因此,有充分的理由相信,对福利主义的推动将站稳脚跟,并随着时间的推移,在公司治理中产生福利主义的转变。然而,福利主义有两个固有的局限性。首先,福利主义对股东分散的上市公司有着最大的吸引力。相比之下,对于只有一个股东、一个控股股东或一小群股东的公司来说,福利主义的规定只会产生有限的影响。其次,阻碍政治解决方案的缺乏共识再次出现在福利主义之下,并通过在股东之间产生分歧、质疑其合法性和对其实施设置政治障碍来限制福利主义。
{"title":"Corporate Governance Welfarism","authors":"Marcel Kahan, Edward Rock","doi":"10.1093/jla/laad007","DOIUrl":"https://doi.org/10.1093/jla/laad007","url":null,"abstract":"Corporate governance is on the verge of entering a new stage. After the managerialism that dominated the view of the corporation into the 1970s and the shareholderism that supplanted it, we are witnessing the emergence of a new paradigm: corporate governance welfarism. Welfarism rejects the faith that market forces will promote general welfare and lacks confidence in the government’s ability to set proper boundary constraints. By looking to corporations to internalize externalities directly, welfarism thus offers an alternative way to deal with social problems that the political system has failed to address. Welfarism comes in three strands—portfolio welfarism, shareholder welfarism, and direct social welfarism—two of which are consistent with shareholder primacy. The important distinction between welfarism and shareholderism, rather, is that welfarism, by embracing goals that are much broader than shareholder value as a means to promote overall welfare, reflects a departure from the classical liberal economic theory that underpins shareholderism. Welfarism, in turn, departs from managerialism in looking beyond the single firm, in relying on shareholder and stakeholder pressure rather than on managerial discretion to balance firm value maximization and broader objectives, and in embracing a wider set of potential stakeholders. Welfarism is on the rise ideologically. While it is unclear how much welfarism has already affected operations at individual firms, the underlying drivers of welfarism are likely to remain or grow. There are, therefore, good reasons to believe that the push towards welfarism will take hold, grow, and, over time, generate a welfarist turn in corporate governance. Welfarism, however, is subject to two inherent limitations. First, welfarism has its greatest traction for publicly traded companies with dispersed shareholders. By contrast, for companies with a single shareholder, a controlling shareholder, or a small group of shareholders, the welfarist prescriptions will have only a limited impact. Second, the very lack of consensus that impedes political solutions reemerges under and constrains welfarism by generating disagreements among shareholders, impugning its legitimacy, and imposing political barriers to its implementation.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 13","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Promise of Bargaining Protocols 谈判协议的承诺
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-08-23 DOI: 10.1093/jla/laad006
Shay Lavie, Avraham Tabbach
Litigants settle in the shadow of the law, but they behave in the shadow of the settlement outcome. Disparities in bargaining power drive a wedge between the shadow of the settlement and the shadow of the law. Broad literature has recognized various problems that stem from this discrepancy, from suboptimal deterrence to distributive concerns. We offer a new perspective to address these concerns—regulating the settlement process, through a judge-induced bargaining protocol. We develop this argument through a bargaining protocol that assigns a take-it-or-leave-it offer to one of the parties and discuss the policy goals that such protocol could advance.
诉讼人在法律的阴影下和解,但他们的行为却在和解结果的阴影下。议价能力的差异在和解的阴影和法律的阴影之间造成了隔阂。广泛的文献已经认识到由这种差异引起的各种问题,从次优威慑到分配问题。我们为解决这些问题提供了一个新的视角——通过法官诱导的谈判协议来规范和解过程。我们通过一个谈判协议来发展这一论点,该协议将接受或放弃要约分配给其中一方,并讨论该协议可以推进的政策目标。
{"title":"The Promise of Bargaining Protocols","authors":"Shay Lavie, Avraham Tabbach","doi":"10.1093/jla/laad006","DOIUrl":"https://doi.org/10.1093/jla/laad006","url":null,"abstract":"Litigants settle in the shadow of the law, but they behave in the shadow of the settlement outcome. Disparities in bargaining power drive a wedge between the shadow of the settlement and the shadow of the law. Broad literature has recognized various problems that stem from this discrepancy, from suboptimal deterrence to distributive concerns. We offer a new perspective to address these concerns—regulating the settlement process, through a judge-induced bargaining protocol. We develop this argument through a bargaining protocol that assigns a take-it-or-leave-it offer to one of the parties and discuss the policy goals that such protocol could advance.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 16","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Privacy Protection, At What Cost? Exploring the Regulatory Resistance to Data Technology in Auto Insurance 隐私保护,代价是什么?汽车保险业对数据技术的监管阻力探析
IF 2.2 1区 社会学 Q1 LAW Pub Date : 2023-08-23 DOI: 10.1093/jla/laad008
Omri Ben-Shahar
Regulatory and sociological resistance to new market-driven technologies, particularly to those that rely on collection and analysis of personal data, is prevalent even in cases where the technology creates large social value and saves lives. This article is a case study of such tragic technology resistance, focusing on tracking devices in cars which allow auto insurers to monitor how policyholders drive and adjust the premiums accordingly. Growing empirical work reveals that such “usage-based insurance” induces safer driving, reducing fatal accidents by almost one third, and resulting in more affordable and fair premiums. Yet, California prohibits this technology and other states limit its effectiveness, largely in the interest of privacy protection. The article evaluates the justifications fueling the restrictive regulation vis-à-vis the loss of lives resulting from this regulation. It concludes that the social benefits of the tracking technology dramatically outweigh the privacy and related costs.
监管和社会学界对新的市场驱动技术,特别是对那些依赖收集和分析个人数据的技术的抵制,即使在该技术创造巨大社会价值和拯救生命的情况下,也是普遍存在的。这篇文章是对这种悲剧性的技术阻力的案例研究,重点关注汽车中的跟踪设备,这些设备可以让汽车保险公司监控投保人的驾驶方式,并相应地调整保费。越来越多的实证研究表明,这种“基于使用的保险”可以让驾驶更安全,将致命事故减少近三分之一,并带来更实惠、更公平的保费。然而,加利福尼亚州禁止这项技术,其他州限制其有效性,主要是为了保护隐私。本文评估了助长限制性法规的理由,以及该法规造成的生命损失。它得出的结论是,追踪技术的社会效益大大超过了隐私和相关成本。
{"title":"Privacy Protection, At What Cost? Exploring the Regulatory Resistance to Data Technology in Auto Insurance","authors":"Omri Ben-Shahar","doi":"10.1093/jla/laad008","DOIUrl":"https://doi.org/10.1093/jla/laad008","url":null,"abstract":"Regulatory and sociological resistance to new market-driven technologies, particularly to those that rely on collection and analysis of personal data, is prevalent even in cases where the technology creates large social value and saves lives. This article is a case study of such tragic technology resistance, focusing on tracking devices in cars which allow auto insurers to monitor how policyholders drive and adjust the premiums accordingly. Growing empirical work reveals that such “usage-based insurance” induces safer driving, reducing fatal accidents by almost one third, and resulting in more affordable and fair premiums. Yet, California prohibits this technology and other states limit its effectiveness, largely in the interest of privacy protection. The article evaluates the justifications fueling the restrictive regulation vis-à-vis the loss of lives resulting from this regulation. It concludes that the social benefits of the tracking technology dramatically outweigh the privacy and related costs.","PeriodicalId":45189,"journal":{"name":"Journal of Legal Analysis","volume":"114 14","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
Journal of Legal Analysis
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1