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17 J. Legal Stud. [i] (1988)

handle is hein.journals/legstud17 and id is 1 raw text is: The Journal of LEGAL STUDI ES VOLUME XVII (1) JANUARY 1988 Does Altruism Produce Efficient Outcomes? Marshall versus Kaldor By DAVID D. FRIEDMAN ......................................1 Common Law Control of Strategic Behavior: Railroad Sparks and the Farmer By M ARK F. GRADY ... ..................................... 15 Criminal Justice Discretion as a Regulatory System By STEPHEN J. SCHULHOFER .. .............................. 43 Rent Seeking and the Restriction of Human Exchange By GARY M. ANDERSON, CHARLES K. ROWLEY, AND ROBERT D. TOLLISON ... .......................................... 83 Product Liability Litigation with Risk Aversion By W . Kip V iscusi ...................................... 101 Legal Advice about Contemplated Acts: The Decision to Obtain Advice, Its Social Desirability, and Protection of Confidentiality By STEVEN SHAVELL ........................................ 123 The Welfare Implications of Costly Litigation for the Level of Liability By A. MITCHELL POLINSKY AND DANIEL L. RUBINFELD ...... 151 The Fairness of Tender Offer Prices in Utilitarian Theory By ALAN SCHWARTZ ........................................ 165 The Sole Owner Standard for Takeover Policy By LUCIAN ARYE BEBCHUK ................................. 197 The Sole Owner Standard Reviewed By ALAN SCHWARTZ ....................................... 231