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The Industrial Organization of the Mafia
This paper uses economic reasoning to analyze the organization of one of the most successful criminal groups in modern US history: La Cosa Nostra (LCN). Drawing on recently declassified Federal Bureau of Investigation reports and a hand-collected data set, I argue that the costs of violent disputes are key for an economic understanding of La Cosa Nostra’s core institutions. Violent disputes were costly as they consumed resources, were destructive, and raised the group’s profile. As a member did not bear the full costs of a profile-raising police investigation, each had a perverse incentive to resolve a dispute with violence. Hierarchical firms and a sophisticated court system were the LCN’s solution. They gave bosses the authority and incentive to limit violent disputes and to use violence judiciously. La Cosa Nostra’s longevity and success are, in part, a testament to these institutions’ efficacy. Why can’t we solve our problems peacefully among ourselves? (Bonanno 2013, p. 256
Regulating Chatbot Output via Inter-Informational Competition
The advent of ChatGPT has sparked over a year of regulatory frenzy. Policymakers across jurisdictions have embarked on an AI regulatory “arms race,” and worldwide researchers have begun devising a potpourri of regulatory schemes to handle the content risks posed by generative AI products as represented by ChatGPT. However, few existing studies have rigorously questioned the assumption that, if left unregulated, AI chatbot’s output would inflict tangible, severe real harm on human affairs. Most researchers have overlooked the critical possibility that the information market itself can effectively mitigate these risks and, as a result, they tend to use regulatory tools to address the issue directly.
This Article develops a yardstick for re-evaluating both AI-related content risks and corresponding regulatory proposals by focusing on inter-informational competition among various outlets. The decades-long history of regulating information and communications technologies indicates that regulators tend to err too much on the side of caution and to put forward excessive regulatory measures when encountering the uncertainties brought about by new technologies. In fact, a trove of empirical evidence has demonstrated that market competition among information outlets can effectively mitigate many risks and that overreliance on direct regulatory tools is not only unnecessary but also detrimental.
This Article argues that sufficient competition among chatbots and other information outlets in the information marketplace can sufficiently mitigate and even resolve some content risks posed by generative AI technologies. This may render certain loudly advocated but not well-tailored regulatory strategies—like mandatory prohibitions, licensure, curation of datasets, and notice-and-response regimes—unnecessary and even toxic to desirable competition and innovation throughout the AI industry. For privacy disclosure, copyright infringement, and any other risks that the information market might fail to satisfactorily address, proportionately designed regulatory tools can help to ensure a healthy environment for the informational marketplace and to serve the long-term interests of the public. Ultimately, the ideas that I advance in this Article should pour some much-needed cold water on the regulatory frenzy over generative AI and steer the issue back to a rational track
Mindful Lawyering in Family and Matrimonial Law
February 21, 2024https://digitalcommons.nyls.edu/student_organizations/1014/thumbnail.jp
Physician Unions in the Medical Industrial Revolution
This lecture will trace the evolution of blue and white collar work across the guilds and unions of Europe and the US over the last 250 years. Dr. Bussey will discuss the development of the modern medical profession and the Golden Age of Medicine into the current virtual medical industrial paradigm. He will highlight the parallels of 19th factory workers to 21st century physicians, and offer unionization as an option to level the playing field with medical industrialists. Specific legal contract articles and collective bargaining strategies will be discussed
Equal Protection from the Bus Stop to the Doorstep: A Case for the Application of Strict Scrutiny for Disability Classifications
From Habitability to Equal Opportunity: Navigating the Crossroads to Housing That Is Both Fair and Habitable
UIC Law Review
The UIC Law Review is one of the oldest and most respected honors programs at UIC Law. Membership in Law Review enhances research, writing, and editing skills and provides excellent training for the practice of law.https://repository.law.uic.edu/homepage-carousel/1001/thumbnail.jp