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Предполагаемая нагрузка: 16 hours of videos and assessments...
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Английский

Субтитры: Английский...

Программа курса: что вы изучите

Неделя
1
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2 ч. на завершение

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. ...
Reading
5 видео (всего 102 мин.), 2 материалов для самостоятельного изучения, 1 тест
Video5 видео
An Infinity of Rights22мин
Creating New Property11мин
A Neighborly Dispute18мин
"It Doesn't Matter Who Wins"22мин
Reading2 материала для самостоятельного изучения
Suggested Readings10мин
Five Articles from JSTOR10мин
Quiz1 практическое упражнение
Property24мин
Неделя
2
Часов на завершение
2 ч. на завершение

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?...
Reading
5 видео (всего 103 мин.), 1 материал для самостоятельного изучения, 1 тест
Video5 видео
Posner's Corollary20мин
Stacks of Flax17мин
A Hundred LeRoys20мин
Owning History24мин
Reading1 материал для самостоятельного изучения
Suggested Readings10мин
Quiz1 практическое упражнение
Exchange and Efficiency20мин
Неделя
3
Часов на завершение
3 ч. на завершение

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....
Reading
6 видео (всего 144 мин.), 1 материал для самостоятельного изучения, 1 тест
Video6 видео
Externality18мин
Markets for Goods27мин
Markets for Bads22мин
Liability31мин
Pigou and Voltaire21мин
Internal Policing22мин
Reading1 материал для самостоятельного изучения
Suggested Readings10мин
Quiz1 практическое упражнение
Externality36мин
Неделя
4
Часов на завершение
4 ч. на завершение

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....
Reading
8 видео (всего 178 мин.), 1 материал для самостоятельного изучения, 1 тест
Video8 видео
Torts24мин
The Costs of Crimes23мин
Organized Vengeance23мин
Efficient Crimes24мин
One Crime at a Time10мин
Pricing Crimes29мин
A Certain Kind of Justice21мин
Reading1 материал для самостоятельного изучения
Suggested Readings10мин
Quiz1 практическое упражнение
Crime and Punishment40мин

Преподаватель

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Richard Adelstein

Professor
Department of Economics

О Wesleyan University

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. ...

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