Eastern
Oregon University
Division
of Distance Education
Law and
Economics
Drs. Jeff
& Colleen Johnson
Please write an eight to
ten page, FORMAL (drafted, edited, spell-checked, etc.) paper addressing the
following issues.
Colleen’s Neighborhood
Feedlot is polluting the nearby community.
The level of pollution increases with its output. The damages incurred by its neighbors also
depend on output. All of this is
summarized in the schedule of benefits and damages below.
Colleen’s Neighborhood Feedlot
|
Output in 25 Unit Intervals |
Marginal Profit
|
Marginal Damage
|
|
25 |
$200,000 |
$10,000 |
|
50 |
$100,000 |
$20,000 |
|
75 |
$75,000 |
$30,000 |
|
100 |
$50,000 |
$40,000 |
|
125 |
$30,000 |
$50,000 |
The neighbors have filed a
lawsuit against the feedlot. They seek
compensatory damages or an injunction.
What should the court do? What
is the efficient thing to do? Who
should receive the entitlement? Should
it be a property rule, or a damage rule?
In light of this week’s discussion of the Coase theorem, transaction
costs, and the assignment of legal entitlements, discuss the pros and cons of
possible court decisions in terms of the forward-looking perspective of social
efficiency, as well as any relevant backward-looking perspective of social
efficiency, as well as any relevant backward-looking considerations.
One useful device is to
write for a generally educated audience that has no knowledge of the material
we have been covering. Thus, you can
see your job a teaching your reader about these concepts and issues.
Second
Take Home Examination
Please write an eight to
ten page, FORMAL (drafted, edited, spell-checked, etc.) paper addressing the
following issues. This essay covers
Chapters 6-7 in the book and weeks 4-5 on the videos.
A group of citizens here in
La Grande wanted to do something special for a young man, Joe Jock, suffering
from a terminal disease—their idea came from the “Make a Wish”
organization. They wanted to fulfill a
longtime dream of his owning a ’57 Chevy.
They negotiated with Adam to purchase his ’57 Chevy. They believe the car is worth $4,000, but
have bargained Adam down to $3,500 (see example on pp. 72-3). Unfortunately, the donations have been slow
coming in, so they entered into a contract with Adam agreeing to exchange the
money for the car in three weeks.
When Joe was the star
quarterback for La Grande High, he was single-handedly responsible for leading
the team to victory of Big-city High in the state championship. Carl and Edwina Urban have harbored
resentment over this game for a long time.
They heard about the La Grande group’s plans for the present to Joe and
have taken revenge. They have offered
to pay Adam $5,500 for the Chevy, and he has agreed.
Adam breached his contract
with the La Grande group. Joe is
heartbroken, and the organization sues Adam.
What should the court do? From
the forward-looking perspective of social efficiency, explain what they will do
and why. From the backward-looking
perspective of what’s just and fair, critically assess the court’s socially
efficient outcome. Assume your reader
knows very little about contract law, or the jurisprudence of social
efficiency.
Please write an eight to
ten page, FORMAL (drafted, edited, spell-checked, etc.) paper addressing the
following issues. This essay covers
Chapters 8-10 in the book and weeks 6-8 on the videos.
In his famous article, “A
Theory of Strict Liability,” Richard Epstein argues that tort law’s movement in
the direction of great fault liability is a mistake, both from the teleological
perspective of social efficiency, and the deontological perspective of justice
and fairness. A big part of his
argument is the case of Vincent v. Lake Erie Transport Co. Please write an analysis of this case and
justify your assessment of why, or why not, it supports Epstein’s thesis.
Assume your reader has no
technical background in torts or economic theory. Your discussion should address the following points:
·
What is the efficiency
argument for negligence (fault liability)?
·
What normative
intuitions support this standard?
·
What are the facts in Vincent?
·
Why is this case
embarrassing to supporters of negligence?
·
Is the case fatal for
this standard theory of tort liability?
·
Why or why not?
Please write an eight to
ten page, FORMAL (drafted, edited, spell-checked, etc.) paper addressing the
following issues.
Whenever Americans get
scared, or angry, about crime, there is always a call for a “get tough”
policy. Thus, we insist on longer
prison sentences, mandatory prison sentences, and other such changes in our
criminal law. We continue to insist on
the use of the death penalty, in spite of the fact that most of our first world
international partners have officially, or unofficially, abandoned capital
punishment.
Analyze and critique these
uniquely American social and political instincts in terms of the material we
have covered in this class. Feel free
to defend your own moral, political, and economic views on the subject of
criminal punishment.