Steve P Calandrillo
LAW A 561
Offered: jointly with PB AF 519.
Q: Should tobacco companies be liable for smokers' healthcare costs? Q: Can anti-discrimination laws increase business productivity? Q: Should we replace patent laws with government rewards? Q: Should Exxon be liable for punitive damages stemming from the Valdez oil spill? Law & Economics (L&E) confronts challenges such as these by identifying how to design legal rules that provide the greatest good to the greatest number. L&E principles can also take into account considerations such as discrimination and unequal wealth distribution in evaluating what's best for society. We will examine applications of L&E to: intellectual property, tobacco litigation, employment discrimination, game theory, automobile accident law, land use regulation and nuisance law. All students are welcome (economics background NOT necessary). Option of in-class exam or short paper.
Student learning goals
General method of instruction
Class discussion of reading materials
Class assignments and grading
final exam or paper