In this article, Steve Salop reviews the formulation and evolution of the Philadelphia National Bank rebuttable presumption through the lens of economic decision theory, including the role played by advances in economic analysis. The article also sketches out the prospects for further evolution and suggests a number of non-market share structural factors that might form the basis of rebuttable evidentiary presumptions. To read the article, click the link below.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...