Seminar in Law & Economics
L713 is taught by K. Dau-Schmidt
This seminar explores recent and classic articles on the economic analysis of law. The seminar begins with a thorough discussion of the Coase Theorem, its assumptions and implications, and then continues with a survey of the law and economics literature on property, torts, contract and criminal law. The seminar concludes by examining the question of whether the law does or should promote efficiency. This seminar satisfies the research paper requirement for graduation. Students will be expected to write a research paper on a subject of the student's choice. Original research is expected. The seminar is designed so that even those with no previous background in economics can fully participate. There are no prerequisites.