About this Course
최근 조회 5,589

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지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

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일정에 따라 마감일을 재설정합니다.

완료하는 데 약 12시간 필요

권장: 16 hours of videos and assessments...

영어

자막: 영어

100% 온라인

지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

유동적 마감일

일정에 따라 마감일을 재설정합니다.

완료하는 데 약 12시간 필요

권장: 16 hours of videos and assessments...

영어

자막: 영어

강의 계획 - 이 강좌에서 배울 내용

1
완료하는 데 2시간 필요

Property

Property is where law and economics meet, but it's not a simple concept. Property is not an object or a relation between people and objects, but a set of rights, relations among people over who is to control each of the many uses to which objects can be put. Different people may control different uses of an object, that is, have different property rights over its various uses, at the same time, or control the same use of the object at different times. When new uses create disputes, the law must define new property rights and allocate them initially to resolve the dispute – someone must be deemed to have won the dispute and be given initial ownership of the new rights. But once the former disputants are allowed to trade these rights among themselves, surprising results follow.

...
5 videos (Total 102 min), 2 readings, 1 quiz
5개의 동영상
An Infinity of Rights22m
Creating New Property11m
A Neighborly Dispute18m
"It Doesn't Matter Who Wins"22m
2개의 읽기 자료
Suggested Readings10m
Five Articles from JSTOR10m
1개 연습문제
Property24m
2
완료하는 데 2시간 필요

Exchange and Efficiency

Voluntary exchange implies mutual benefit – when people trade property rights, it's because they each believe that what they get from the trade will be more valuable to them than what they have to give up to get it. So if there are no obstacles to voluntary exchange, that is, if transaction costs are low, property rights will end up in the hands of the person who values them the most, a result economists call an efficient allocation of the rights. What happens when there are barriers that impede or prevent property rights from reaching their highest valuing owner through exchange? Can the law assign property rights to achieve efficient allocation in such cases? Should it try, or are there values other than efficient allocation the law might try to advance, along with or instead of efficient allocation, in assigning property rights?

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5 videos (Total 103 min), 1 reading, 1 quiz
5개의 동영상
Posner's Corollary20m
Stacks of Flax17m
A Hundred LeRoys20m
Owning History24m
1개의 읽기 자료
Suggested Readings10m
1개 연습문제
Exchange and Efficiency20m
3
완료하는 데 3시간 필요

Externality

Exchange involves both benefit and cost – traders take rights from others, imposing costs on them but creating benefit for themselves, but they must compensate the others for their costs by paying for the rights they've taken. External costs are imposed when one person takes another's rights without paying for them, which leads to the taker taking more rights than efficient allocation would allow and leaves the victim uncompensated for the costs of losing the rights. The law's response to this inefficiency and injustice is liability, forcing those who take rights without payment to compensate those whose rights they have taken for the costs they have borne. Thinking about how the law determines these liability prices, and how people might respond to them, reveals the underlying economic logic of liability.

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6 videos (Total 144 min), 1 reading, 1 quiz
6개의 동영상
Markets for Goods27m
Markets for Bads22m
Liability31m
Pigou and Voltaire21m
Internal Policing22m
1개의 읽기 자료
Suggested Readings10m
1개 연습문제
Externality36m
4
완료하는 데 4시간 필요

Crime and Punishment

Some externalities involve only a few uncompensated losers of rights whose costs are easily reckoned in monetary terms, so that forcing the taker to pay exactly these costs to the victims ensures both that victims will be fairly compensated and that takers will take rights only where they value the rights more than the losers do. The law calls these externalities torts, and the same principle of liability pricing extends to crimes, in which, with the same unlawful act, someone simultaneously takes the rights of many people who suffer moral costs that can't be satisfactorily measured by money. As with torts, some crimes may be efficient reallocations of rights, and the logic of liability shows that proportional punishment can, ideally, discover which crimes are or are not efficient and force all takers to compensate their victims in full for what they take.

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8 videos (Total 178 min), 1 reading, 1 quiz
8개의 동영상
Torts24m
The Costs of Crimes23m
Organized Vengeance23m
Efficient Crimes24m
One Crime at a Time10m
Pricing Crimes29m
A Certain Kind of Justice21m
1개의 읽기 자료
Suggested Readings10m
1개 연습문제
Crime and Punishment40m
4.6
55개의 리뷰Chevron Right

Property and Liability: An Introduction to Law and Economics의 최상위 리뷰

대학: MRFeb 25th 2017

An excellent course to get you thinking about the costs of crime and how they are established and what this means in practice.

대학: JHNov 13th 2015

Very interesting topic about Law and an economic aspect of Law and its application

강사

Avatar

Richard Adelstein

Professor
Department of Economics

웨슬리언 대학교 정보

At Wesleyan, distinguished scholar-teachers work closely with students, taking advantage of fluidity among disciplines to explore the world with a variety of tools. The university seeks to build a diverse, energetic community of students, faculty, and staff who think critically and creatively and who value independence of mind and generosity of spirit. ...

자주 묻는 질문

  • 강좌에 등록하면 바로 모든 비디오, 테스트 및 프로그래밍 과제(해당하는 경우)에 접근할 수 있습니다. 상호 첨삭 과제는 이 세션이 시작된 경우에만 제출하고 검토할 수 있습니다. 강좌를 구매하지 않고 살펴보기만 하면 특정 과제에 접근하지 못할 수 있습니다.

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