By: Ariel Porat*


* Alain Poher Professor of Law, Tel Aviv University and Fischel-Neil Distinguished Visiting Professor, University of Chicago. For helpful comments, I thank Ronen Avraham, Oren Bar-Gill, Lee Anne Fennel, Michael Green, Ehud Guttel, Assaf Jacob, Roy Kreitner, Saul Levmore, Rivka Peltz, Timna Porat, Roni Schocken, Kenneth Simons, and the participants at the 2009 annual meeting of the Israeli Law and Economics Association and the Law and Economics workshop at Bar-Ilan University. I also thank Irit Brodskly for her very able research assistance and Dana Rothman-Meshulam for her superb language editing. Lastly, I thank the Wake Forest Law Review Editorial Board for their careful editorial assistance.