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21 J. Legal Stud. [i] (1992)

handle is hein.journals/legstud21 and id is 1 raw text is: The Journal of I EGAL STUDIES VOLUME XXI (1) JANUARY 1992 An (Ex)Changing of the Guard By G EOFFREY P. M ILLER .................................................. iii The Path to The T. J. Hooper: The Theory and History of Custom in the Law of Tort By RICHARD A . EPSTEIN .................................................. 1 Reconsidering Gratuitous Promises By A NDREW K ULL .......................................................... 39 When Is Parody Fair Use? By RICHARD A . POSNER ................................................... 67 Copyright Protection of Letters, Diaries, and Other Unpublished Works: An Economic Approach By W ILLIAM M . LANDES .................................................. 79 Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry By L ISA B ERNSTEIN ......................................................... 115 An Attempt at Measuring the Total Monetary Penalty from Drug Convictions: The Importance of an Individual's Reputation By JOHN R . LOTT, JR . ..................................................... 159 Adverse Selection and Long-Term Hazards: The Choice between Contract and Mandatory Liability Rules By STEVEN N. WIGGINS AND AL H. RINGLEB ....................... 189 Rent Extraction through Political Extortion: An Empirical Examination By R. BECK, C. HOSKINS, AND J. M. CONNOLLY ................... 217 Secured Debt under Conditions of Imperfect Information By GEORGE G . TRIANTIS .................................................. 225

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