Research in Law and Economics

• The relative efficiency of common vs. civil law: transactions costs and vertical integration (J.H. Brown). Economic analysis and distributive justice (D. Buress, W. Rich). Hear no evil, see no evil, speak no evil? The effects of guideline sentencing on the behavior of corporations and their insiders (G. Des Rosiers). Prison, parole and the Criminal Justice Act 1991 (N. Garoupa). Constitutional economics and the American founding (R.A. McGuire, R.L. Ohsfeldt). The inefficiency of U.S. Commodity Manipulation Law: diagnosis and a proposed cure (C. Pirrong). When does new entry deter collusion (J. Simpson.)

This collection of papers both accentuates our ignorance concerning the behavior of nonprofit organizations and entices us to develop a better theoretical base with which to analyze such organizations. The authors provide a thought-provoking sketch of alternative theoretical models of nonprofit organizations. However, the success of the volume must not be with the quality of the theoretical exposition but with the many questions inevitably raised by each presentation. Southern Economic Journal