{"id":89,"date":"2023-11-03T15:09:45","date_gmt":"2023-11-03T15:09:45","guid":{"rendered":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/?page_id=89"},"modified":"2026-05-28T20:57:50","modified_gmt":"2026-05-28T20:57:50","slug":"law-and-economics","status":"publish","type":"page","link":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/law-and-economics\/","title":{"rendered":"Law and Economics"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Books<\/h2>\n\n\n\n<p><em>Fairness Versus Welfare.<\/em> (with Steven Shavell) (<a href=\"https:\/\/www.hup.harvard.edu\/books\/9780674023642\">Harvard University Press<\/a>, 2002; Chinese translation, Law Press China, 2007).&nbsp;[<a href=\"http:\/\/www.amazon.com\/Fairness-versus-Welfare-Louis-Kaplow\/dp\/0674006224\/ref=ed_oe_h\/104-5593144-4159124?ie=UTF8&amp;qid=1177077416&amp;sr=1-1\">Amazon (purchase)<\/a>]<\/p>\n\n\n\n<p><em>Analytical Methods for Lawyers<\/em>&nbsp;(with Steven Shavell, W. Kip Viscusi, &amp; David Cope) (3nd ed.; Foundation Press, 2017.&nbsp;[<a href=\"https:\/\/www.amazon.com\/Analytical-Methods-Lawyers-University-Casebook\/dp\/1683282361\/ref=sr_1_5\">Amazon (purchase)<\/a>]<\/p>\n\n\n\n<p>Previous editions of&nbsp;<em>Analytical Methods for Lawyers:<br>Analytical Methods for Lawyers<\/em>, 2nd edition (2011)<br><em>Analytical Methods for Lawyers<\/em>, 1st edition (2003)<\/p>\n\n\n\n<p>From Analytical Methods for Lawyers, 1st Edition: <br><em>Decision Analysis, Game Theory, and Information<\/em>&nbsp;(2003)&nbsp;[<a href=\"http:\/\/www.amazon.com\/Decision-Analysis-Information-University-Casebook\/dp\/1587788071\/ref=sr_1_1\/104-5593144-4159124?ie=UTF8&amp;s=books&amp;qid=1177077377&amp;sr=1-1\">Amazon (purchase)<\/a>]<br><em>Contracting<\/em>&nbsp;(2004)&nbsp;[<a href=\"http:\/\/www.amazon.com\/Contracting-Louis-Kaplow\/dp\/158778808X\/ref=sr_1_1\/104-5593144-4159124?ie=UTF8&amp;s=books&amp;qid=1177077326&amp;sr=1-1\">Amazon (purchase)<\/a>]<br><em>Microeconomics<\/em>&nbsp;(2004)&nbsp;[<a href=\"http:\/\/www.amazon.com\/Microeconomics-Louis-Kaplow\/dp\/1587788160\/ref=sr_1_1\/104-5593144-4159124?ie=UTF8&amp;s=books&amp;qid=1177077494&amp;sr=1-1\">Amazon (purchase)<\/a>]<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Journal Articles, Book Chapters, and Encyclopedia Entries<\/h2>\n\n\n\n<p>On the Representativeness of Voter Turnout (with Scott Kominers), <em>Journal of Law and Economics<\/em>, vol. 67, pp. 879-904 (2024). [<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/10.1086\/730450\">Journal of Law and Economics<\/a>] [<a href=\"https:\/\/www.nber.org\/papers\/w26913\">NBER<\/a>]<\/p>\n\n\n\n<p>A Unified Perspective on Efficiency, Redistribution, and Public Policy, <em>National Tax Journal<\/em>, vol. 73, pp. 429-472 (2020).&nbsp;[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/10.17310\/ntj.2020.2.05\">National Tax Journal<\/a>] [<a href=\"https:\/\/www.nber.org\/papers\/w26683.pdf\" class=\"mtli_attachment mtli_pdf\">NBER<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_1027.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Optimal Regulation with Exemptions, <em>International Journal of Industrial Organization<\/em>, vol. 66, pp. 1-39 (2019).&nbsp;&nbsp;[<a href=\"https:\/\/doi.org\/10.1016\/j.ijindorg.2019.04.003\">International Journal of Industrial Organization<\/a>] [<a href=\"https:\/\/www.nber.org\/papers\/w23887.pdf\" class=\"mtli_attachment mtli_pdf\">NBER<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_934.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Balancing Versus Structured Decision Procedures: Antitrust, Title VII Disparate Impact, and Constitutional Law Strict Scrutiny, <em>University of Pennsylvania Law Review<\/em>, vol. 167, pp. 1375-1462 (2019).\u00a0\u00a0[<a href=\"https:\/\/scholarship.law.upenn.edu\/penn_law_review\/vol167\/iss6\/2\/\">University of Pennsylvania Law Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_1000.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>On the Design of Legal Rules: Balancing Versus Structured Decision Procedures, <em>Harvard Law Review<\/em>, vol. 132, pp. 992-1065 (2019).&nbsp;&nbsp;[<a href=\"https:\/\/harvardlawreview.org\/2019\/01\/on-the-design-of-legal-rules-balancing-versus-structured-decision-procedures\/\">Harvard Law Review<\/a>]<\/p>\n\n\n\n<p>Optimal Design of Private Litigation, <em>Journal of Public Economics<\/em>, vol. 155, pp. 64-73 (2017).\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2017.08.001\">Journal of Public Economics<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_928.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Optimal Multistage Adjudication,\u00a0<em>Journal of Law, Economics, &amp; Organization<\/em>, vol. 33, pp. 613-652 (2017)\u00a0[<a href=\"https:\/\/doi.org\/10.1093\/jleo\/ewx007\">Journal of Law, Economics, &amp; Organization<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_904.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Information and the Aim of Adjudication: Truth or Consequences?,\u00a0<em>Stanford Law Review<\/em>, vol. 67, 1303-1371 (2015).\u00a0[<a href=\"https:\/\/www.stanfordlawreview.org\/print\/article\/information-and-the-aim-of-adjudication\/\">Stanford Law Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_813.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Likelihood Ratio Tests and Legal Decision Rules,\u00a0<em>American Law and Economics Review<\/em>, vol. 16, 1-39 (2014).\u00a0[<a href=\"https:\/\/doi.org\/10.1093\/aler\/aht020\">American Law and Economics Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_749.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Multistage Adjudication,\u00a0<em>Harvard Law Review<\/em>, vol. 126, 1179-1298 (2013).\u00a0[<a href=\"https:\/\/harvardlawreview.org\/print\/vol-126\/multistage-adjudication-2\/\">Harvard Law Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_732.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Optimal Control of Externalities in the Presence of an Income Tax,\u00a0<em>International Economic Review<\/em>, vol. 53, 487-509 (2012).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/23251596\">International Economic Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_547.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Burden of Proof,\u00a0<em>Yale Law Journal<\/em>, vol. 121, 738-859 (2012).\u00a0[<a href=\"https:\/\/www.yalelawjournal.org\/article\/burden-of-proof\">Yale Law Journal<\/a>]<\/p>\n\n\n\n<p>On the Optimal Burden of Proof,\u00a0<em>Journal of Political Economy<\/em>, vol. 119, 1104-1140 (2011).\u00a0[<a href=\"https:\/\/doi.org\/10.1086\/664614\">Journal of Political Economy<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_712.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Discount Rates, Social Judgments, Individuals&#8217; Risk Preferences, and Uncertainty (with David Weisbach),\u00a0<em>Journal of Risk and Uncertainty<\/em>, vol. 42, 125-142 (2011). [<a href=\"https:\/\/www.jstor.org\/stable\/23884173\">Journal of Risk and Uncertainty<\/a>]<\/p>\n\n\n\n<p>Optimal Proof Burdens, Deterrence, and the Chilling of Desirable Behavior,\u00a0<em>American Economic Review: Papers and Proceedings<\/em>, vol. 101, 277-280 (2011). [<a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aer.101.3.277\">American Economic Review<\/a>]<\/p>\n\n\n\n<p>Taxes, Permits, and Climate Change, in\u00a0<em>U.S. Energy Tax Policy<\/em>\u00a0(Metcalf, ed., Cambridge University Press, 2011), 168-192.\u00a0[<a href=\"https:\/\/www.cambridge.org\/core\/books\/us-energy-tax-policy\/taxes-permits-and-climate-change\/CFC21506E1F5D94781D9763DF4EADFA5?utm_campaign=shareaholic&amp;utm_medium=copy_link&amp;utm_source=bookmark\">Cambridge University Press<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_675.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>The Social Evaluation of Intergenerational Policies and Its Application to Integrated Assessment Models of Climate Change (with Elisabeth Moyers &amp; David Weisbach),&nbsp;<em>B.E. Journal of Economics Analysis &amp; Policy<\/em>, vol. 10, issue 2, art. 7, 1-32 (2010); also in Distributional Aspects of Energy and Climate Change (Cohen, Fullerton &amp; Topel, eds., Edward Elgar, 2013), pp. 41-74..&nbsp;[<a href=\"http:\/\/www.bepress.com\/bejeap\/vol10\/iss2\/art7\/\">BE Press&nbsp;<\/a>]<\/p>\n\n\n\n<p>Optimal Policy with Heterogeneous Preferences. 8\u00a0<em>B.E. Journal of Economic Analysis and Policy: Advances<\/em>, Issue 1, Article 40, 1-28. (2008)\u00a0[<a href=\"https:\/\/doi.org\/10.2202\/1935-1682.1947\">B.E. Journal of Economic Analysis and Policy: Advances<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w14170\">NBER<\/a>]\u00a0[<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_617.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Income Taxation and Optimal Government Policy, in\u00a0<em>The New Palgrave Dictionary of Economics<\/em>, 2nd Edition (Durlauf &amp; Blume, eds., Macmillan, 2008).[<a href=\"https:\/\/link.springer.com\/rwe\/10.1057\/978-1-349-95121-5_2489-1\">The New Palgrave Dictionary of Economics<\/a>] \u00a0[<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_518.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Pareto Principle and Competing Principles, in\u00a0<em>The New Palgrave Dictionary of Economics<\/em>, 2nd Edition (Durlauf &amp; Blume, eds., Macmillan, 2008).\u00a0[<a href=\"https:\/\/link.springer.com\/rwe\/10.1057\/978-1-349-95121-5_2287-1\">The New Palgrave Dictionary of Economics<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_519.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Moral Rules, the Moral Sentiments, and Behavior: Toward a Theory of an Optimal Moral System (with Steven Shavell)\u00a0<em>Journal of Political Economy<\/em>, vol. 115, 494-514 (2007).\u00a0[<a href=\"https:\/\/doi.org\/10.1086\/519927\">Journal of Political Economy<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w8688\">NBER<\/a>]<\/p>\n\n\n\n<p>Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency,\u00a0<em>University of Chicago Law Review<\/em>, vol. 74, 79-118 (2007).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/4495598\">University of Chicago Law Review<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w12239\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/Kaplow_550.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>The Value of a Statistical Life and the Coefficient of Relative Risk Aversion,\u00a0<em>Journal of Risk and Uncertainty<\/em>, vol. 31, 23-34 (2005).\u00a0[<a href=\"https:\/\/link.springer.com\/article\/10.1007\/s11166-005-2928-1\">Journal of Risk and Uncertainty<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w9852\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/426.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>On the (Ir)Relevance of Distribution and Labor Supply Distortion to Government Policy,\u00a0<em>Journal of Economic Perspectives<\/em>, vol. 18, no. 4, 159-175 (2004).\u00a0[<a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/0895330042632726\">Journal of Economic Perspectives<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w10490\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/474.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Any Non-welfarist Method of Policy Assessment Violates the Pareto Principle: Reply (with Steven Shavell),\u00a0<em>Journal of Political Economy<\/em>, vol. 112, 249-251 (2004).\u00a0[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/abs\/10.1086\/319553\">Journal of Political Economy<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/455.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice (with Steven Shavell),\u00a0<em>Journal of Legal Studies<\/em>, vol. 32, 331-362 (2003).\u00a0[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/abs\/10.1086\/345679\">Journal of Legal Studies<\/a>]\u00a0[<a href=\"http:\/\/www.nber.org\/papers\/w9622\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/411.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Transition Policy: A Conceptual Framework,\u00a0<em>Journal of Contemporary Legal Issues<\/em>, vol. 13, 161-209 (2003). [<a href=\"https:\/\/heinonline.org\/HOL\/P?h=hein.journals\/contli13&amp;i=167\">Journal of Contemporary Legal Issues<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w9596\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/412.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Economic Analysis of Law (with Steven Shavell), in\u00a0<em>Handbook of Public Economics<\/em>\u00a0(Auerbach &amp; Feldstein, eds.; Elsevier, 2002), vol. 3, pp. 1661-1784.\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/S1573-4420(02)80029-5\">Handbook of Public Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w6960\">NBER<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/251.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>On the Superiority of Corrective Taxes to Quantity Regulation (with Steven Shavell),\u00a0<em>American Law and Economics Review<\/em>, vol. 4, 1-17 (2002).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/42705401\">JSTOR<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w6251\">NBER WP<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/215.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Any Non-Welfarist Method of Policy Assessment Violates the Pareto Principle, (with Steven Shavell),\u00a0<em>Journal of Political Economy,\u00a0<\/em>vol. 109, 281-86 (2001).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/10.1086\/319553\">JSTOR<\/a>]\u00a0[<a href=\"http:\/\/www.nber.org\/papers\/w7051\">NBER WP &#8211; Any Non-Individualistic Social Welfare Function Violates the Pareto Principle\u00a0<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/253.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP &#8211; Any Non-Individualistic Social Welfare Function Violates the Pareto Principle<\/a>]<\/p>\n\n\n\n<p>Fairness versus Welfare (with Steven Shavell),\u00a0<em>Harvard Law Review<\/em>, vol. 114, 961-1388 (2001).\u00a0[<a href=\"https:\/\/doi.org\/10.2307\/1342642\">Harvard Law Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/277_kaplow_shavell.php\">Olin Center WP &#8211; Principles of Fairness versus Human Welfare: On the Evaluation of Legal Policy<\/a>]<\/p>\n\n\n\n<p>Notions of Fairness Versus the Pareto Principle: On the Role of Logical Consistency (with Steven Shavell),\u00a0<em>Yale Law Journal<\/em>, vol. 110, 237-49 (2000).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/797572\">Yale Law Journal<\/a>][<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/302.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>General Characteristics of Rules, in\u00a0<em>Encyclopedia of Law and Economics<\/em>, vol. V, pp. 502-28 (Bouckaert &amp; DeGeest, eds.; Edward Elgar, 2000).\u00a0[<a href=\"https:\/\/laweconcenter.law.harvard.edu\/wp-content\/uploads\/2024\/11\/Kaplow_191.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>Should Legal Rules Favor the Poor? Clarifying the Role of Legal Rules and the Income Tax in Redistributing Income (with Steven Shavell),\u00a0<em>Journal of Legal Studies<\/em>, vol. 29, 821-35 (2000).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/10.1086\/468095\">JSTOR<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/272.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<\/p>\n\n\n\n<p>The Conflict between Notions of Fairness and the Pareto Principle (with Steven Shavell),\u00a0<em>American Law and Economic Review<\/em>, vol. 1, 63-79 (1999).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/42705349\">American Law and Economics Review<\/a>] [<a href=\"http:\/\/www.law.harvard.edu\/programs\/olin_center\/papers\/pdf\/252.pdf\" class=\"mtli_attachment mtli_pdf\">Olin Center WP<\/a>]<br><br>Accuracy, Complexity, and the Income Tax,\u00a0<em>Journal of Law, Economics, and Organization<\/em>, vol. vol. 14, 61-83 (1998).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/765139\">The Journal of Law, Economics, and Organization<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4631\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Accuracy in Adjudication, in&nbsp;<em>The New Palgrave Dictionary of Economics and the Law<\/em>&nbsp;(Newman, ed.; Macmillan, 1998), pp. 1-7.<\/p>\n\n\n\n<p>Accuracy in the Assessment of Damages (with Steven Shavell),\u00a0<em>Journal of Law and Economics<\/em>, vol. 39, 191-210 (1996).\u00a0[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/abs\/10.1086\/467347\">Journal of Law and Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4287\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Property Rules versus Liability Rules: An Economic Analysis (with Steven Shavell),\u00a0<em>Harvard Law Review<\/em>, vol. 109, 713-790 (1996). [<a href=\"https:\/\/www.jstor.org\/stable\/pdf\/1342135.pdf\" class=\"mtli_attachment mtli_pdf\">Harvard Law Review<\/a>]<\/p>\n\n\n\n<p>How Tax Complexity and Enforcement Affect the Equity and Efficiency of the Income Tax,\u00a0<em>National Tax Journal<\/em>, vol. 48, 135-150 (1996). Reprinted in\u00a0<em>Tax Policy in the Real World<\/em>\u00a0(Slemrod, ed.; Cambridge University Press, 1999).\u00a0[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/abs\/10.1086\/NTJ41789191\">National Tax Journal<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w5391\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Do Liability Rules Facilitate Bargaining? A Reply to Ayres and Talley (with Steven Shavell),\u00a0<em>Yale Law Journal<\/em>, vol. 105, 221-233 (1995). [<a href=\"https:\/\/www.jstor.org\/stable\/797143\">Yale Law Journal<\/a>]<\/p>\n\n\n\n<p>A Model of the Optimal Complexity of Legal Rules,\u00a0<em>Journal of Law, Economics, and Organization<\/em>, vol. 11, 150-163 (1995).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/765074\">Journal of Law, Economics, &amp; Organization<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3958\">NBER WP <\/a>]<\/p>\n\n\n\n<p>Optimal Insurance Contracts When Establishing the Amount of Loss is Costly,\u00a0<em>Geneva Papers on Risk and Insurance Theory<\/em>, vol. 19, 139-152 (1994).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/41953301\">The Geneva Papers on Risk and Insurance Theory<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4290\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Optimal Law Enforcement with Self-Reporting of Behavior (with Steven Shavell),\u00a0<em>Journal of Political Economy<\/em>, vol. 102, 583-606 (1994).\u00a0[<a href=\"https:\/\/www.journals.uchicago.edu\/doi\/abs\/10.1086\/261947\">Journal of Political Economy<\/a>][<a href=\"http:\/\/www.nber.org\/papers\/w3822\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Accuracy in the Determination of Liability (with Steven Shavell),\u00a0<em>Journal of Law and Economics<\/em>, vol. 37, 1-15 (1994).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/725602\">Journal of Law and Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4203\">NBER WP<\/a>]<\/p>\n\n\n\n<p>The Value of Accuracy in Adjudication: An Economic Analysis,\u00a0<em>Journal of Legal Studies<\/em>, vol. 23, 307-401 (1994). [<a href=\"https:\/\/www.jstor.org\/stable\/724326\">Journal of Legal Studies<\/a>]<\/p>\n\n\n\n<p>Why the Legal System Is Less Efficient than the Income Tax in Redistributing Income (with Steven Shavell),\u00a0<em>Journal of Legal Studies<\/em>, vol. 23, 667-681 (1994).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/724462\">Journal of Legal Studies<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4457\">NBER WP &#8211; The Efficiency of the Legal System versus the Income Tax in Redistributing Income\u00a0<\/a>]<\/p>\n\n\n\n<p>Shifting Plaintiffs&#8217; Fees versus Increasing Damage Awards,\u00a0<em>RAND Journal of Economics<\/em>, vol. 24, 625-630 (1993).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/2555749\">RAND Journal of Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4263\">NBER WP<\/a>]<\/p>\n\n\n\n<p>An Ex Ante Perspective on Deregulation, Viewed Ex Post,\u00a0<em>Resource and Energy Economics<\/em>, vol. 15, 153-173 (1993). [<a href=\"https:\/\/doi.org\/10.1016\/0928-7655(93)90002-C\">Resource and Energy Economics<\/a>]<\/p>\n\n\n\n<p>Optimal Sanctions and Differences in Individuals&#8217; Likelihood of Avoiding Detection (with Lucian Bebchuk),\u00a0<em>International Review of Law and Economics<\/em>, vol. 13, 217-224 (1993).\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/0144-8188(93)90007-R\">International Review of Law and Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w4078\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Rules Versus Standards,\u00a0<em>Duke Law Journal<\/em>, vol. 42, 557-629 (1992). [<a href=\"https:\/\/scholarship.law.duke.edu\/dlj\/vol42\/iss3\/2\/\">Duke Law Journal<\/a>]<\/p>\n\n\n\n<p>Government Relief for Risk Associated with Government Action,\u00a0<em>Scandinavian Journal of Economics<\/em>, vol. 94, 525-541(1992).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/3440367\">Scandinavian Journal of Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3006\">NBER WP<\/a>]<\/p>\n\n\n\n<p>The Optimal Probability and Magnitude of Fines for Acts That Definitely Are Undesirable,\u00a0<em>International Review of Law and Economics<\/em>, vol. 12, 3-11 (1992).\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/0144-8188(92)90002-9\">International Review of Law and Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3008\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Private Versus Socially Optimal Provision of Ex Ante Legal Advice (with Steven Shavell),\u00a0<em>Journal of Law, Economics, and Organization<\/em>, vol. 8, 306-320 (1992).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/765082\">Journal of Law, Economics, and Organization<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3868\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Optimal Sanctions When Individuals Are Imperfectly Informed About the Probability of Apprehension (with Lucian Bebchuk),\u00a0<em>Journal of Legal Studies<\/em>, vol. 21, 365-370 (1992).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/724486\">Journal of Legal Studies<\/a>] [<a href=\"http:\/\/papers.nber.org\/papers\/w4079\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Incentives and Government Relief for Risk,\u00a0<em>Journal of Risk and Uncertainty<\/em>, vol. 4, 167-175 (1991).\u00a0[<a href=\"https:\/\/www.jstor.org\/stable\/41760624\">Journal of Risk and Uncertainty<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3007\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Optimal Taxation with Costly Enforcement and Evasion,\u00a0<em>Journal of Public Economics<\/em>, vol. 43, 221-236 (1990).\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/0047-2727(90)90031-C\">Journal of Public Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w2996\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Legal Advice about Acts Already Committed (with Steven Shavell),\u00a0<em>International Review of Law and Economics<\/em>, vol. 10, 149-159 (1990).\u00a0[<a href=\"https:\/\/doi.org\/10.1016\/0144-8188(90)90020-T\">International Review of Law and Economics<\/a>] [<a href=\"http:\/\/www.nber.org\/papers\/w3005\">NBER WP<\/a>]<\/p>\n\n\n\n<p>Optimal Deterrence, Uninformed Individuals, and Acquiring Information about Whether Acts Are Subject to Sanctions,\u00a0<em>Journal of Law, Economics, and Organization<\/em>, vol. 6, 93-128 (1990). [<a href=\"https:\/\/doi.org\/10.1093\/oxfordjournals.jleo.a036992\">Journal of Law, Economics, and Organization<\/a>]<\/p>\n\n\n\n<p>A Note on the Optimal Use of Nonmonetary Sanctions,\u00a0<em>Journal of Public Economics<\/em>, vol. 42, 245-247 (1990). [<a href=\"https:\/\/doi.org\/10.1016\/0047-2727(90)90015-A\">Journal of Public Economics<\/a>]<\/p>\n\n\n\n<p>Legal Advice about Information to Present in Litigation: Its Effects and Social Desirability (with Steven Shavell),\u00a0<em>Harvard Law Review<\/em>, vol. 102, 565-615 (1989). [<a href=\"https:\/\/www.jstor.org\/stable\/pdf\/1341371.pdf\" class=\"mtli_attachment mtli_pdf\">Harvard Law Review<\/a>]<\/p>\n\n\n\n<p>Antitrust, Law &amp; Economics, and the Courts,\u00a0<em>Law and Contemporary Problems<\/em>, vol. 50, 181-216 (1987). [<a href=\"https:\/\/www.jstor.org\/stable\/1191460\">Law and Contemporary Problems<\/a>]<\/p>\n\n\n\n<p>Optimal Transition Policy: Replacing Horizontal Equity with an Ex Ante Incentives Perspective, Dissertation accepted by Harvard University Department of Economics (1987).<\/p>\n\n\n\n<p>An Economic Analysis of Legal Transitions,\u00a0<em>Harvard Law Review<\/em>, vol. 99, 509-617 (1986). [<a href=\"https:\/\/www.jstor.org\/stable\/pdf\/1341148.pdf\" class=\"mtli_attachment mtli_pdf\">Harvard Law Review<\/a>]<\/p>\n\n\n\n<p>Private Versus Social Costs in Bringing Suit,\u00a0<em>Journal of Legal Studies<\/em>, vol. 15, 371-385 (1986). [<a href=\"https:\/\/www.jstor.org\/stable\/724375\">Journal of Legal Studies<\/a>]<\/p>\n\n\n\n<p>Note, The Theoretical Foundation of the Hearsay Rules,\u00a0<em>Harvard Law Review<\/em>, vol. 93, 1786-1815 (1980). [<a href=\"https:\/\/www.jstor.org\/stable\/1340624\">Harvard Law Review<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Books Fairness Versus Welfare. (with Steven Shavell) (Harvard University Press, 2002; Chinese translation, Law Press China, 2007).&nbsp;[Amazon (purchase)] Analytical Methods for Lawyers&nbsp;(with Steven Shavell, W. Kip Viscusi, &amp; David Cope) (3nd ed.; Foundation Press, 2017.&nbsp;[Amazon (purchase)] Previous editions of&nbsp;Analytical Methods for Lawyers:Analytical Methods for Lawyers, 2nd edition (2011)Analytical Methods for Lawyers, 1st edition (2003) From &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/law-and-economics\/\"> <span class=\"screen-reader-text\">Law and Economics<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-89","page","type-page","status-publish","hentry"],"featured_image_src":null,"featured_image_src_square":null,"_links":{"self":[{"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/pages\/89","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":0,"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/pages\/89\/revisions"}],"wp:attachment":[{"href":"https:\/\/faculty.law.harvard.edu\/louis-kaplow\/wp-json\/wp\/v2\/media?parent=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}