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19 J. Legal Stud. [i] (1990)

handle is hein.journals/legstud19 and id is 1 raw text is: The Journal of LEGAL STUDI ES VOLUME XIX (1) JANUARY 1990 An Augmentation of the Guard By RICHARD A. EPSTEIN .... ................................. 1 Why Do Universities Have Endowments? By HENRY HANSMANN ................................... 3 The Doctrine of Commercial Impracticability in a Second-best World By ALAN 0. SYKES ... ..................................... 43 Liability Salvage-by Private Ordering By W AYNE T. BROUGH ..................................... 95 Why Tender Offers? The Efficient Market Hypothesis, the Supply of Stock, and Signaling By LLOYD R. COHEN .................................... 113 Empirical Evidence on the Selection Hypothesis and the Decision to Litigate or Settle By LINDA R. STANLEY AND DON L. COURSEY .............. 145 The Incentive to Sue: An Option-Pricing Approach By BRADFORD CORNELL .................................... 173 Second Thoughts on the Public-Good Justification for Government Poverty Programs By DWIGHT R. LEE AND RICHARD B. MCKENZIE ........... 189 An Experimental Study of Single-Actor Accidents By LEWIS KORNHAUSER AND ANDREW SCHOTTER ............ 203 Indemnity, Settlement, and Litigation: Comment and Extension By PHILIP L. HERSCH . ................................... 235 A Transaction-Costs Explanation for Why the Poor Are More Likely to Commit Crime By JOHN R. LOTT, JR ... .................................. 243 The Courts and the Market: An Economic Analysis of Contingent Fees in Class-Action Litigation By W ILLIAM J. LYNK .................................... 247

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