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

    

Transcribed Image Text:

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. largely focused on the problem of aligning incentives for individuals with private information to make decentralized decisions that achieve (implement) some social goal as an equilibrium outcome. In your final paper, you should use this mechanism design approach to law and economics to address some problem of your choosing. should include in your paper: the approach has the following features that you A clear statement of the social goal. A description of the individuals (agents) and how they differ (their type). A description of how private information is distributed among the individuals. A method of publicizing this information (the information space). A set of rules or incentives (outcome functions) that determine individual outcomes as a function of all the individual choices. 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. largely focused on the problem of aligning incentives for individuals with private information to make decentralized decisions that achieve (implement) some social goal as an equilibrium outcome. In your final paper, you should use this mechanism design approach to law and economics to address some problem of your choosing. should include in your paper: the approach has the following features that you A clear statement of the social goal. A description of the individuals (agents) and how they differ (their type). A description of how private information is distributed among the individuals. A method of publicizing this information (the information space). A set of rules or incentives (outcome functions) that determine individual outcomes as a function of all the individual choices.

Answer rating: 100% (QA)

Answer The topic that I have chosen to write about is the role of information in law and economics In particular I will be discussing how information ... View the full answer