This symposium presents an ideal “platform” to support the launch of a new journal focused on telecommunications and high technology law. Unlike more established areas of the law, the field of telecommunications or, as more aptly termed, information law, is not easily defined. To be sure, there is an ambitious statutory code (the Communications Act of 1934, as amended, most notably by the Telec...

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When investments are non-verifiable, inducing cooperative investments with simple contracts may not be as difficult as previously thought. Indeed, modeling " expectation damages " close to legal practice, we show that the default remedy of contract law induces the first best. Hence, there is no need for privately stipulated remedies. Yet, in order to lower informational requirements of courts, ...

The evidence in support of the deterrent effect of the certainty of punishment is far more consistent than that for the severity of punishment. However, the evidence in support of certainty’s effect pertains almost exclusively to apprehension probability. Consequently, the more precise statement is that certainty of apprehension, not the severity of the ensuing legal consequence, is the more ef...