Project #71390 - Economics of Law

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 (double spaces). Shorter papers usually indicate lack of effort. 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 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.

Lecture Topics:
Water rights (F)
FCC auctions (S)
Eminent domain
Intellectual property (D)
Mortgage markets (D)
Contract breach and remedies (F)
Contract bidding and risk sharing (D)
Commercial impracticability v bankruptcy (F)
Impossibility (F)
Unconscionability (D)
Products liability (F)
Negligence v strict liability (F)
Burdens of proof (S)
Takeover law (F)
Executive compensation (S)
Airport slot constraints v congestion fees (D)
Divorce proceedings (D)Mutual insurance agencies (D)
Public goods provision (S)
Externalities (S)
Moral Hazard & monitoring (S)
Adverse Selection (S)
Informational Efficiency (S)

 

Subject Business
Due By (Pacific Time) 05/26/2015 12:00 am
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