Economic analysis of law

12 Pages·1993·0.29 MB·English

by  Chapman, Bruce

PERSPECTIVES ON LAW
ECONOMIC ANALYSIS OF LAW
Bruce Chapman
Ron Daniels
Robert Howse
Jeff Macintosh
J. Robert S. Prichard
Hamish Stewart
Michael Trebilcock
Catherine Valcke
Arnold Weinrib
Faculty of Law
University of Toronto
1993/1994
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T imtvf.RSITY of TOr<.ONTO ,
PERSPECTIVES ON LAW
ECONOMIC ANALYSIS OF LAW
Bruce Chapman
Ron Daniels
Robert Howse
Jeff Macintosh
J. Robert S. Prichard
Hamish Stewart
Michael Trebilcock
Catherine Valcke
Arnold Weinrib
Faculty of Law
University of Toronto
1993/1994
Digitized by the Internet Archive
in 2018 with funding from
University of Toronto
https://archive.org/details/economicanalysis00chap_3
INSTRUCTIONS
Reading:
1. For Monday lectures: Read Sections I, II & III
2. For Tuesday morning lecture: Read Section IV
3. For Tuesday morning discussion groups:
Read Section V
Prepare problem on:
(1) Fishing
(2) Miller v. Jackson
4. For Tuesday afternoon lectures: Read Section VI
5. For Wednesday morning lectures: Read Section VII
6. For Wednesday afternoon discussion groups;
Read Section VIII and prepare problems
7. For Thursday morning lectures: Read Section IX
EVALUATION
The take-home problem will be handed out at the
conclusion of the session on Thursday, November 18. It
is due before 4:00 p.m. on Friday, November 19. Your
answer must be handed in at the Records Office in
Falconer Hall (Room 109). It should be written under
your pseudonym.
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TABLE OF CONTENTS
I. OVERVIEW: LAW AND ECONOMICS
M. J. Trebilcock: An Introduction to the Economic
Approach to Law. I-l
II. INTRODUCTION TO PROPERTY RIGHTS
Robert Cooter and Thomas Ulen, Law and Economics
"An Economic Theory of Property".II-l
III. THE COASE THEOREM
A. Mitchell Polinsky, "The Coase Theorem".III-l
_, Nuisance Law.III-4
Robert Cooter, "The Coase Theorem" . III-13
IV. PRIVATIZATION IN FORMER COMMAND ECONOMIES
Ron Daniels and Robert Howse, "Reforming the Reform
Process: A Critique of Proposals for Privati¬
zation in Central and Eastern Europe" .... IV-1
V. PROBLEMS FOR DISCUSSION
Property: The Fishing Problem . V-1
Miller v. Jackson. V-2
Problem: Miller v. Jackson. V-12
VI. TORTS: THE COST OF ACCIDENTS
Polinsky, "Automobile Accidents" . VI-1
Risk Bearing and Insurance.VI-13
Automobile Accidents Again . VI-18
Products Liability . VI-24
VII. CONTRACTS: EFFICIENCY. FAIRNESS AND ENFORCEABILITY
A. Kronman & R. Posner, "Introduction" . VII-1
M. Trebilcock, "Coercion".VII-7
A. Polinsky, "Breach of Contract".VII-45
Freund v. Washington Square Press. Inc..VII-57
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TABLE OF CONTENTS (Continued)
VIII. PROBLEMS FOR DISCUSSION
Questions re: American Brands v. Plavairl.VIII-l
Questions re: Alaska Packers v. Domenico.VIII-4
IX. A. PRIVATE DISCRIMINATION AND POSSIBLE POLICY RESPONSES
M. J. Trebilcock, "Discrimination" . IX-1
B. THE LIMITS OF ECONOMIC ANALYSIS
James Boyd White, "Economics and Law" Two
Cultures in Tension".IX-86
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