Shooting Rampages and Maintenance of Campus Safety: An Incomplete Contracts Perspective
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Bernd Süssmuth
Abstract
This paper addresses the question of whether in-house or contracted maintenance of campus safety in U.S. colleges will be justified on efficiency grounds in the future. According to our analysis, the answer will crucially depend on whether emergency exceptions to amendments such as the Buckley Amendment (FERPA) will be more frequently applied by schools and tested in the courts. If the latter will be the case, we presume the resulting court rulings to be defining an implementable minimum quality standard. It is argued that the Virginia suicide-legislation that was passed before the Virginia Tech shooting could offset such a potential minimum standard. With or without a minimum standard, our model can make a point for in-house maintenance of campus safety. However, the two scenarios bear completely different policy implications.
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Article
- Introduction: CESifo Conference in Law and Economics - Munich, May 2010
- Damages for Breach of Duty in Corporate Disclosure
- 'Take It or Go to Court': The Impact of Sec. 1a of the German Protection Against Dismissal Act on Severance Payments
- Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization
- The Law and Economics Analysis of Intellectual Property: Paradigmatic Shift From Incentives to Traditional Property
- Class Actions, Compliance and Moral Cost
- The Law and Economics of Enhancing Cartel Enforcement: Using Information From Non-Cartel Investigations to Prosecute Cartels
- Media and Litigation
- Shooting Rampages and Maintenance of Campus Safety: An Incomplete Contracts Perspective
- Competition, Imitation, and R&D Productivity in a Growth Model with Industry-Specific Patent Protection
