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This Essay explores the future of law and economics. The author
begins by reviewing Tom Ulen's attempts at predicting the field's
future in 1997 at his lecture "Very Like a Whale." He then follows
Tom Ulen's idea that law and economics scholars might do well to
engage in more "controlled experiments" to make his own set of predictions.
His first prediction is that law and economics scholars during
the next decade will exploit regression discontinuity to tease out
the causal impact of legal rules. Next, he predicts that law and economics
scholars will exploit unintended experiments to tease out
causal impacts of the law. Finally, the author predicts that law and
economics scholars will, with the help of government officials, conduct
intentional experiments to tease out causal impacts of the law.
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