Author Archives: F. E. Guerra-Pujol

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About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.

Questions for Richard Epstein

On page 71 of his beautiful book The Classical Liberal Constitution, Richard A. Esptein acknowledges “how difficult it is to deal with systematic errors in [constitutional] interpretation that perforce creep into all interpretive efforts with the passage of time” (emphasis ours). … Continue reading

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Prime Directive

The Prime Directive — the guiding principle of the United Federation of Planets in the fictitious universe of Star Trek — prohibits Starfleet personnel from interfering with the internal development of alien civilizations. According to this entry in Wikipedia, however, the Prime Directive “is inconsistently applied, depending on a planet’s … Continue reading

Posted in Science Fiction | Tagged | 2 Comments

Stare decisis (questions rarely asked)

The doctrine of stare decisis — the cornerstone of the common law tradition — is a legal principle by which judges are self-obliged to adhere to precedents or previous court decisions. Furthermore, this venerable doctrine is designed to promote stability, predictability, and the rule of law. Hey, … Continue reading

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Reverse auction (Super Bowl edition)

Another day, another potentially creative use of an auction mechanism. According to this report in the Wall Street Journal, the NFL has reportedly requested its top three choices for the 2015 Super Bowl Halftime Show — Rihanna, Katy Perry, and Coldplay (Cold…who?) — to pay the … Continue reading

Posted in Economics, Game Theory | Tagged , | 1 Comment

Email Externalities

Emails are an efficient way of communicating with others across the globe and getting things done. The problem, however, is that many email-senders do not always fully internalize the “time costs” that their emails impose on the recipients of such … Continue reading

Posted in Traffic, Web/Tech | Tagged , , | 2 Comments

Tax-collection devices

This little yellow fire hydrant, located at 393 University Avenue in Toronto, has raked in more than $289,000 in parking-infraction revenue for the City of Toronto since 2008. (You can read the full report here.) As you can see from this … Continue reading

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Should we pay people to vote?

According to this recent report by David Zahniser of the L.A. Times, only 23% percent of registered voters ended up casting ballots in last year’s mayoral election. To remedy this raging epidemic of voter apathy, the Los Angeles County Ethics Commission (!) … Continue reading

Posted in Lotteries, Voting | Tagged , , | 1 Comment

Is the Coase theorem unfalsifiable?

Our recent discussions with Glen Whitman about slavery, Haitian zombies, and the Coase Theorem has led us to think deeper about the relation between the Coase Theorem and other “legal failures.” (We consider the institution of slavery a paradigm case of … Continue reading

Posted in Economics, History, Law | Tagged , , | 2 Comments

Does the institution of slavery refute the Coase Theorem?

We think it does … because slaves by definition are unable to bargain for their freedom. Our colleague and good friend Glen Whitman says it does not … read his reasons and our objections to his argument in the comments section to … Continue reading

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Haitian Zombies and Slave Economics

Originally posted on Economics of the Undead:
This article on Haitian zombies, which includes a history of attempts to explain their existence in scientific terms, reminds us that zombie folklore is historically inseparable from slavery.  Haitian zombies were created not…

Posted in Economics, Law, Uncategorized, Zombies | Tagged , , , | 1 Comment