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Geoffrey P. Miller

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Geoffrey P. Miller

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Geoffrey P. Miller

Tests for “effective” compliance programs take the form of lists specifying required elements in varying level of detail. From an economic perspective, an effective compliance program can be defined more fundamentally as the set of policies and procedures that a rational, profit-maximizing firm would establish if it faced an expected sanction equal to the social cost of violations. This chapter explores the idea and several of its extensions and qualifications.

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Geoffrey P. Miller

For this wide-ranging research review Professor Miller has drawn on the work of the best-known scholars in this field to explore the relationship between economics and law in ancient societies. Topics covered include: the methodology of ancient economic law; the genesis, structure and limitations on liability in ancient law; the law and economics of the family; the economic structure of land law in ancient times; the management of criminal behavior; the regulation of contracts and commercial transactions; economic markets and institutions of ancient times; bankruptcy and risk; and the economics of constitutional and administrative law in ancient legal systems.
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Geoffrey P. Miller

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Geoffrey P. Miller

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Geoffrey P. Miller

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Geoffrey P. Miller

Exploring the most important articles from leading authors in the field, Professor Geoffrey Miller’s new research review, Economics of Securities Law, is an essential resource for students, policymakers and those interested in the history and current status of the subject. The papers covered represent fundamental contributions that shaped later thinking, illustrate approaches that have proven durably influential or represent important challenges to conventional views. The review also analyses new approaches, such as behavioural economics, alongside ‘Chicago School’ papers, comparative analyses and influential works by people involved in the creation of laws governing modern securities markets.
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Geoffrey P. Miller