ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

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Monday, November 15, 2010

Judges as profit-maximizing cartel defectors

Cartels that aren't supported by legal sanctions find it very difficult to keep members from defecting.  Even when a cartel is made up of the smartest, noblest, wisest, most public-spirited people in the world --U.S. federal judges -- some members will break their promises when it's to their advantage to do so, as Josh Wright points out over at Truth on the Market.

FGS

http://lawprofessors.typepad.com/contractsprof_blog/2010/11/judges-as-profit-maximizing-cartel-defectors.html

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