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For particularly helpful comments, I am grateful to Margaret Blair, George S. Geis, Jeffrey N. Gordon, Allan L. Gropper, Rich Hynes, Stacey Iris, Robert J. Jackson Jr, Alvin K. Klevorick, Jody S. Kraus, Jonathan M. Landers, Paul G. Mahoney, Richard G. Mason, Richard A. Posner, Randall S. Thomas, and William H. Widen. This Article also benefited from discussions at faculty workshops at Vanderbilt University Law School and the University of Virginia School of Law. Gabriel Gillett provided excellent research assistance.

Many thanks to Rosalind Dixon, Adam Feibelman, Josh Fischman, Heather Gerken, Aziz Huq, Alison LaCroix, Anup Malani, Tom Miles, Courtney Oliva, Rick Pildes, Eric Posner, Arden Rowell, Adam Samaha, Lior Strahilevitz, David Strauss, Adrian Vermeule, and workshop participants at The University of Chicago Law School, Boston University School of Law, Northwestern University School of Law, Southern Methodist University School of Law, Tulane University Law School, and The University of Texas School of Law for helpful conversations and comments on earlier drafts. Special thanks also to Jesse Galdston and Louisa Zhou for impeccable research assistance.

We thank Amy Barrett, Tricia Bellia, Curt Bradley, Paolo Carozza, Burlette Carter, Anthony Colangelo, Michael Collins, Anthony D’Amato, Bill Dodge, Rick Garnett, Philip Hamburger, John Harrison, Duncan Hollis, Bill Kelley, Tom Lee, John Manning, Maeva Marcus, Mark McKenna, Henry Monaghan, David Moore, Julian Mortenson, Sean Murphy, John Nagle, Ralph Steinhardt, Paul Stephan, Ed Swaine, Jay Tidmarsh, Roger Trangsrud, Amanda Tyler, Carlos Vázquez, Julian Velasco, and Ingrid Wuerth for helpful comments. In addition, we thank participants in the 2010 Potomac Foreign Relations Law Roundtable at The George Washington University Law School, the 2010 Workshop of the International Law in Domestic Courts Interest Group of the American Society of International Law at the University of Virginia School of Law, and faculty workshops at The George Washington University and Notre Dame Law Schools. We give special thanks to research librarian Patti Ogden for her exceptional, expert research assistance. We also thank Notre Dame law students and alumni Nick Curcio, Katie Hammond, John Lindermuth, and Carolyn Wendel and George Washington University law students and alumni Benjamin Kapnik, Heather Shaffer, and Owen Smith for excellent research assistance.

Thanks to Vicki Been for early conversations about this Article. I received invaluable comments from Greg Alexander, Fred Bloom, John Echeverria, Lee Fennell, Ted Janger, Jim Krier, Rebecca Kysar, Eric Posner, Julie Roin, Stew Sterk, Nelson Tebbe, and participants in faculty workshops at Brooklyn Law School and Cornell Law School, as well as participants at the Tel Aviv Environmental Law and Policy Workshop. Thanks to the Brooklyn Law School Dean’s Summer Research Fund for generously supporting this project. Carrie Darman and Amanda Zink provided research assistance.

We thank Bruce Ackerman, Heather Gerken, Richard Helmholz, Aziz Huq, Maximo Langer, Daniel Markovits, Jonathan Masur, Richard McAdams, Adam Samaha, David Sklansky, and Carol Steiker for valuable comments on earlier drafts. We are also grateful to faculty workshop participants at Quinnipiac University Law School, The University of Chicago Law School, Vanderbilt University Law School, and Yale Law School, and to the participants at the University of Chicago Criminal Justice Roundtable. For outstanding research assistance, we thank Jacob Gardener, Liza Khan, Sam Lim, Basha Rubin, Nicolas Thompson, and Diana Watral.

I thank Daniel Abebe, Barry E. Adler, Kenneth Ayotte, Adam B. Badawi, Douglas G. Baird, Omri Ben-Shahar, Erin M. Casey, Stephen Choi, Lee Anne Fennell, Joseph A. Grundfest, M. Todd Henderson, William Hubbard, Mitchell Kane, Ashley Keller, Randall L. Klein, Saul Levmore, Douglas Lichtman, Anup Malani, Troy McKenzie, Jon D. Michaels, Anthony Niblett, Randal C. Picker, Eric Posner, Robert K. Rasmussen, Andres Sawicki, Naomi Schoenbaum, Julia Simon-Kerr, Richard Squire, Lior Strahilevitz, Matthew Tokson, George G. Triantis, Noah Zatz, participants at the Annual Meeting of the American Law and Economics Association, participants at the Annual Meeting of the Midwestern Law and Economics Association, participants at the University of Chicago Law School Faculty Works-in-Progress Workshop, participants at the University of Southern California Center in Law, Economics, and Organization Workshop, and the faculties of Columbia Law School, Cornell Law School, Emory Law School, Marquette University Law School, Stanford Law School, the University of Alabama School of Law, University of California Irvine School of Law, the University of Chicago Law School, University of Colorado Law School, University of Georgia Law School, the University of Minnesota Law School, and Vanderbilt University Law School for helpful comments and discussion.

The author thanks Ishan Bhabha, Christopher Buccafusco, Mark Egerman, Sam Erman, Richard Fallon, Terry Fisher, Sandy Henderson, Richard Posner, David Post, Henry Smith, Rebecca Stone, Cass Sunstein, and Elisabeth Theodore for comments and advice on previous drafts.

Thanks to Ken Ayotte, Barry Adler, Oren Bar-Gill, G. Allen Bass, Ed DeSeve, Lee Fennell, Rick Hills, Omer Kimhi, Daryl Levinson, Julie Roin, David Skeel, and participants in workshops at New York University School of Law and the University of Chicago Law School.