The Yale Law Journal

Daniel Hemel


Should Tax Rates Decline with Age?

Daniel Hemel

120 Yale L.J. 1885 (2011). 


The Economic Logic of the Lease/Loan Distinction in Bankruptcy

Daniel Hemel

120 Yale L.J. 1492 (2011). 

The Bankruptcy Code accords much more favorable treatment to lessors than to secured lenders, but legal scholars have yet to identify a normative justification for the disparate treatment of the two transaction types. Law-and-economics scholars have written off the lease…