Publication Information

{'id': 'https://openalex.org/W2394498805', 'doi': None, 'title': 'Changing Law to Address Changing Markets: A Consequence-Based Inquiry', 'display_name': 'Changing Law to Address Changing Markets: A Consequence-Based Inquiry', 'publication_year': 2017, 'publication_date': '2017-01-11', 'ids': {'openalex': 'https://openalex.org/W2394498805', 'mag': '2394498805'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2783765', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'posted-content', 'indexed_in': [], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5024568738', 'display_name': 'Steven L. Schwarcz', 'orcid': 'https://orcid.org/0000-0001-6252-7025'}, 'institutions': [{'id': 'https://openalex.org/I170897317', 'display_name': 'Duke University', 'ror': 'https://ror.org/00py81415', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I170897317']}], 'countries': ['US'], 'is_corresponding': True, 'raw_author_name': 'Steven L. Schwarcz', 'raw_affiliation_strings': ['Duke University - School of Law'], 'affiliations': [{'raw_affiliation_string': 'Duke University - School of Law', 'institution_ids': ['https://openalex.org/I170897317']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': ['https://openalex.org/A5024568738'], 'corresponding_institution_ids': ['https://openalex.org/I170897317'], 'apc_list': None, 'apc_paid': None, 'fwci': 0.0, 'has_fulltext': False, 'cited_by_count': 0, 'citation_normalized_percentile': {'value': 0.0, 'is_in_top_1_percent': False, 'is_in_top_10_percent': False}, 'cited_by_percentile_year': {'min': 0, 'max': 63}, 'biblio': {'volume': None, 'issue': None, 'first_page': None, 'last_page': None}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T11762', 'display_name': 'Law, Economics, and Judicial Systems', 'score': 0.9678, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T11762', 'display_name': 'Law, Economics, and Judicial Systems', 'score': 0.9678, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T13138', 'display_name': 'Legal and Constitutional Studies', 'score': 0.9539, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/lawmaking', 'display_name': 'Lawmaking', 'score': 0.7930734}], 'concepts': [{'id': 'https://openalex.org/C2778680907', 'wikidata': 'https://www.wikidata.org/wiki/Q1725430', 'display_name': 'Lawmaking', 'level': 3, 'score': 0.7930734}, {'id': 'https://openalex.org/C2777363581', 'wikidata': 'https://www.wikidata.org/wiki/Q15098235', 'display_name': 'Harm', 'level': 2, 'score': 0.67181945}, {'id': 'https://openalex.org/C44725695', 'wikidata': 'https://www.wikidata.org/wiki/Q288156', 'display_name': 'Normative', 'level': 2, 'score': 0.6308617}, {'id': 'https://openalex.org/C178411942', 'wikidata': 'https://www.wikidata.org/wiki/Q622657', 'display_name': 'Market failure', 'level': 2, 'score': 0.574557}, {'id': 'https://openalex.org/C190253527', 'wikidata': 'https://www.wikidata.org/wiki/Q295354', 'display_name': 'Law and economics', 'level': 1, 'score': 0.48305088}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.46370536}, {'id': 'https://openalex.org/C2780791683', 'wikidata': 'https://www.wikidata.org/wiki/Q846785', 'display_name': 'Action (physics)', 'level': 2, 'score': 0.44114065}, {'id': 'https://openalex.org/C19244329', 'wikidata': 'https://www.wikidata.org/wiki/Q208697', 'display_name': 'Financial market', 'level': 2, 'score': 0.42580086}, {'id': 'https://openalex.org/C127454912', 'wikidata': 'https://www.wikidata.org/wiki/Q942582', 'display_name': 'Cost–benefit analysis', 'level': 2, 'score': 0.418683}, {'id': 'https://openalex.org/C94625758', 'wikidata': 'https://www.wikidata.org/wiki/Q7163', 'display_name': 'Politics', 'level': 2, 'score': 0.41419038}, {'id': 'https://openalex.org/C162118730', 'wikidata': 'https://www.wikidata.org/wiki/Q1128453', 'display_name': 'Actuarial science', 'level': 1, 'score': 0.41129214}, {'id': 'https://openalex.org/C100001284', 'wikidata': 'https://www.wikidata.org/wiki/Q2248246', 'display_name': 'Public economics', 'level': 1, 'score': 0.41107142}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.38715938}, {'id': 'https://openalex.org/C175444787', 'wikidata': 'https://www.wikidata.org/wiki/Q39072', 'display_name': 'Microeconomics', 'level': 1, 'score': 0.2914102}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.25797957}, {'id': 'https://openalex.org/C83009810', 'wikidata': 'https://www.wikidata.org/wiki/Q11204', 'display_name': 'Legislature', 'level': 2, 'score': 0.23341152}, {'id': 'https://openalex.org/C199539241', 'wikidata': 'https://www.wikidata.org/wiki/Q7748', 'display_name': 'Law', 'level': 1, 'score': 0.22900894}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.18150532}, {'id': 'https://openalex.org/C121332964', 'wikidata': 'https://www.wikidata.org/wiki/Q413', 'display_name': 'Physics', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C62520636', 'wikidata': 'https://www.wikidata.org/wiki/Q944', 'display_name': 'Quantum mechanics', 'level': 1, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2783765', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'id': 'https://metadata.un.org/sdg/16', 'score': 0.73, 'display_name': 'Peace, justice, and strong institutions'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 0, 'referenced_works': [], 'related_works': ['https://openalex.org/W94546045', 'https://openalex.org/W326302200', 'https://openalex.org/W3203152578', 'https://openalex.org/W3153112981', 'https://openalex.org/W3126090989', 'https://openalex.org/W3125942407', 'https://openalex.org/W3125425038', 'https://openalex.org/W3124312162', 'https://openalex.org/W3122530533', 'https://openalex.org/W3122235334', 'https://openalex.org/W3121361729', 'https://openalex.org/W2739952489', 'https://openalex.org/W2280569135', 'https://openalex.org/W2268632513', 'https://openalex.org/W2186913107', 'https://openalex.org/W2159183629', 'https://openalex.org/W2117113753', 'https://openalex.org/W2073620456', 'https://openalex.org/W1915568689', 'https://openalex.org/W1525952761'], 'abstract_inverted_index': {'This': [0, 21], 'essay': [1], 'uses': [2], 'consequence-based': [3], 'inquiry': [4], '(“CBI”)': [5], 'to': [6, 57, 87, 89, 138, 182, 207, 241], 'derive': [7], 'a': [8, 130, 153, 209], 'normative': [9], 'framework': [10, 22], 'for': [11], 'determining': [12, 157], 'when': [13], 'financial': [14, 59, 77, 154], 'market': [15, 60, 73, 78, 92, 155, 160, 165], 'changes': [16, 42, 61, 65, 79, 189], 'should': [17, 62, 66], 'drive': [18, 63], 'legal': [19, 41, 64, 188], 'changes.': [20], 'can': [23], 'improve': [24], 'the': [25, 53, 55, 69, 72, 81, 85, 107, 111, 118, 164, 169, 183, 193, 197], 'current': [26], 'ad': [27], 'hoc': [28], 'and': [29, 80, 115, 167, 203, 236], 'politically': [30, 136], 'distorted': [31], 'lawmaking': [32], 'process,': [33], 'which': [34, 58, 132], 'often': [35], 'results': [36], 'in': [37, 97], 'over-': [38], 'or': [39], 'under-reactive': [40], 'that': [43, 190], 'are': [44, 177, 216, 238], 'made': [45], 'too': [46], 'late,': [47], 'after': [48], 'harm': [49], 'has': [50], 'occurred.': [51], 'Under': [52], 'framework,': [54], 'extent': [56], 'depend': [67], 'on': [68], 'consequences': [70, 82, 170, 176, 198, 206], 'of': [71, 83, 113, 171, 186, 199, 211], 'failures': [74, 161], 'resulting': [75], 'from': [76, 163], 'changing': [84], 'law': [86], 'attempt': [88], 'correct': [90, 192], 'those': [91, 172, 175, 201], 'failures.': [93, 173], 'CBI': [94, 149, 180], 'is': [95], 'broader': [96], 'several': [98], 'ways': [99], 'than': [100, 122, 219], 'traditional': [101, 126], 'cost-benefit': [102, 123, 127, 220], 'analysis,': [103], 'addressing': [104, 117], 'not': [105, 229], 'only': [106], '“how”': [108, 119], 'but': [109], 'also': [110, 116], '“when”': [112], 'regulation': [114, 142], 'more': [120, 217], 'objectively': [121], 'analysis.': [124], 'Whereas': [125], 'analysis': [128], 'assumes': [129], 'decision,': [131], 'may': [133], 'well': [134], 'be': [135], 'motivated,': [137], 'implement': [139], 'specific': [140, 234], 'proposed': [141], 'if': [143], 'its': [144, 147], 'benefits': [145], 'exceed': [146], 'costs,': [148], 'begins': [150], 'by': [151], 'identifying': [152], 'change,': [156, 166], 'whether': [158], 'any': [159, 233], 'result': [162], 'assessing': [168], 'If': [174], 'significantly': [178], 'negative,': [179], 'gets': [181], 'next': [184, 214], 'steps': [185, 215], 'considering': [187], 'could': [191], 'harmful': [194], 'failures,': [195], 'examining': [196], 'making': [200], 'changes,': [202], 'finally': [204], 'balancing': [205], 'reach': [208], 'course': [210], 'action.': [212], 'Those': [213], 'objective': [218], 'analysis;': [221], 'they': [222, 227, 237], 'avoid': [223], 'confirmation': [224], 'bias': [225], 'because': [226], 'do': [228], 'necessarily': [230], 'start': [231], 'with': [232], 'proposal,': [235], 'less': [239], 'subject': [240], 'political': [242], 'distortions.': [243]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W2394498805', 'counts_by_year': [], 'updated_date': '2024-12-07T10:14:34.990880', 'created_date': '2016-06-24'}