Weinberg v. Commissioner: Good law, bad economics, or both?

Business Valuation Update
November 7, 2004
discounts & premiums
restricted stock study, discount for lack of marketability (DLOM), quantitative marketability discount model (QMDM)


Lawyers often comment that good cases make bad law. As an economist, I have a similar comment: good law often comes from bad economics. By definition, a judge’s opinion is good law.