Project #70059 - Law and Economics 

The  essence  of  this  project  is  for  you  to  choose  a  legal  topic  that  is  of  interest  to  you  and 

demonstrate  that  you  can  apply  economic  analysis  to  the  legal  issues  raised  by  the  topic. 

One  approach  to  identifying  a  topic  is  to  skim  the  National  Law  Journal  or  legal  sections  of 

The  Econcomist,  New  York  Times,  Washington  Post,  Wall  Street  Journal,  Philadelphia 

Enquirer,  or  similar  source  for  actual  cases  or  other  legal  disputes  that  are  in  the  news. 

Another approach is to think of an application of a mechanism that we study in the course. 

It is best if you limit your topic to the areas of property, contracts, torts, crime, or concepts 

of justice. You may not do project on antitrust law and economics.  

You  should  list  sources  that  you  used  for  the  project,  but  you  do  not  have  to  use  outside 

sources. 

Some very good projects  have been based entirely on the student’s own  ideas,  without  any 

external references.  

Most acceptable papers are in the rage of 8 to 12 pages. Shorter papers usually indicate lack 

of  effort.  Some  papers  have  been  30‐40  pages.  That  is  unnecessarily  long,  but  I  do  not 

impose a limit.  

Your  project  should  include  graphical  models  where  appropriate.  You  should  compose  the 

project  as  if  you  are  addressing  someone  with  the  background  of  your  classmates.  The 

project is due on the day that the  

University  schedules  the  final  exam  for  this  course.  The  project  is  in  place  of  a  final  exam. 

There is no final exam. 

The  project  requirements  are  intentionally  flexible  to  permit  you  to  choose  an  interesting 

topic  and  present  it  in  an  interesting  manor.  My  grading  will  accommodate  different 

approaches  to  satisfying  the  project  requirement.  Thoughtful  application  of  mechanism 

design to law is the main requirement.  

Creativity is  rewarded. 

Subject Business
Due By (Pacific Time) 05/15/2015 12:00 am
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