This is volume 53 issue 2 of The Journal of Legal Studies. The Journal of Legal Studies publishes interdisciplinary academic research that tests or develops a particular legal or social scientific theory about law and legal institutions, including short submissions that critique or extend articles published in previous issues of the JLS. The JLS emphasizes social science approaches, especially those of economics, political science, and psychology, but it also publishes the work of historians, philosophers, and others who are interested in legal theory. The Journal was founded in 1972.