Law and Economics

Many thanks to Michael Abramowicz, Amitai Aviram, Eric Biber, Ralph Brubaker, Thomas Colby, Dan Cole, John Colombo, Dhammika Dharmapala, Kirsten Engel, Lee Fennell, David Fontana, Eric Freyfogle, Robert Glicksman, Shi-Ling Hsu, Bruce Huber, Heidi Hurd, Christine Hurt, David Hyman, Charles Imohiosen, Eric Johnson, Robin Juni, Richard Kaplan, Robin Kar, Patrick Keenan, Dan Kelly, Jay Kesan, Scott Kieff, William Kovacic, Robert Lawless, Michael Livermore, Tim Malloy, Jonathan Masur, Jud Mathews, Brian McCall, Emily Meazell, John Nagle, Jonathan Nash, Lee Paddock, Richard Pierce, Jeffrey Pojanowski, Dara Purvis, Andrew Reeves, Larry Ribstein, Richard Ross, J.B. Ruhl, Steven Schooner, Karen Bradshaw Schulz, Justin Sevier, Jamelle Sharpe, Nicola Sharpe, Paul Stancil, Suja Thomas, Robert Tuttle, Lesley Wexler, Jonathan Wiener and Verity Winship for their comments and suggestions. Thanks also to the editors of The University of Chicago Law Review, including Liz Austin, Brad Hubbard, and Matt Rozen, for outstanding editorial support.

Thanks to Emily Berman, Ryan Bubb, Stephen Lee, Nancy Morawetz, Moran Sedah, Peter Schuck, Fred Vars, and workshop participants at The University of Chicago Law School, New York University School of Law, and The University of Alabama School of Law for helpful comments. Thanks also to Kuntal Cholera and David Woolston for research assistance.

We thank Jane Baron, Craig Green, Zev Eigen, Yuval Feldman, Bob Hillman, Greg Mandel, Rafael Pardo, Alex Radus, Brishen Rogers, David Zaring, and participants at faculty colloquia at Vanderbilt Law School, the Wharton School at the University of Pennsylvania, University of Washington, William & Mary Law School, as well as at the Conference on Empirical Legal Studies for comments on earlier drafts.

This Article was prepared for The University of Chicago’s Immigration Law and Institutional Design Symposium, held at The University of Chicago Law School on June 15 and 16, 2012. Thanks to the participants in that conference and Adam Cox for comments, and to Ellie Norton and Randy Zack for helpful research assistance. The Russell Baker Scholarship Fund at The University of Chicago Law School provided financial assistance.

I am grateful to Jagdish Bhagwati, Eleanor Brown, Adam Cox, Eric Posner, Alan Sykes and the participants of The University of Chicago Immigration Law and Institutional Design Symposium, held at The University of Chicago Law School on June 15 and 16, 2012, for their helpful comments. Taimoor Aziz, Fannie Chen, and Erim Tuc provided excellent research assistance.

The author wishes to thank Professor Randal Picker as well as Mila Rusafova, Emily Samra, and the members of The University of Chicago Law Review for their helpful thoughts and suggestions.