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A Derivatives Market in Legal Academia
Paul H. Edelman Vanderbilt University School of Law Green Bag, Vol. 12, 2009 Vanderbilt Public Law Research Paper No. 09-07 Abstract: Building on the success of derivatives markets in the financial arena, I show how similar markets can be used to hedge risk in legal academia. Prudent use of these markets will generate cash, mitigate errors in hiring, and increase the academic prestige of law schools. In short, they can do for legal academia what they have already done to the financial world. Accepted Paper Series Date posted: February 26, 2009 ; Last revised: March 13, 2009Suggested CitationContact Information
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