1. [I]nfo
  2. [M]oduli
  3. [B]acheca
  4. [P]rogramma
  5. [O]rari
  6. [E]sami
  7. E[v]enti
  8. [F]iles

Generali:

  • Dipartimento: Economia
  • Settore Ministeriale: IUS/05
  • Codice di verbalizzazione: 8011564
  • Metodi di insegnamento: Frontale E Altro
  • Metodi di valutazione: Scritto
  • Prerequisiti: Microeconomics
  • Obiettivi: This course will be composed of two complementary parts. The first will provide a broad overview of the scholarly field known as "law and economics", with focus on how legal rules and institutions can correct market failures. We will discuss most of the traditional themes of this field, including, among others, the economic function of contracts, remedies for breach of contract and the Coase theorem; liability rules and regulation; economic motives to commit crimes and optimal deterrence for individuals, firms and for different forms of crime; litigation incentives and choice and interaction between private action and public law enforcement. This first part will be based on these sources: - Polinsky, M. An Introduction to Law and Economics. 4th edition (2011) - Miceli, T. The Economic Approch to Law, 2nd edition (2008) - Chalfin A. and J. McCrary. ¿¿Criminal Deterrence: a Review of the Literature¿¿ (2014). With this background, the second part of the course will explore in greater depth a few topics on which the research debate is currently more lively and where open issues for novel law and economic research appear more promising. The idea is to bring students at the research frontier in some of these topics, so that they are ready for thinking at an interesting and novel project for the final thesis. This second part will be based on background readings, listed below, and on specific research papers that I will assign in advance during the course, so you can read them before the relevant lectures. Below there are the background readings for each of these topics. Depending on time availability, the specific topics will be chosen among the following ones: - Antitrust law and its enforcement (Buccirossi et al. 2014; Bageri et al. 2013; Buccirossi et al. 2015; the EU 2014 ¿¿Damages¿¿ Directive; Connors and Lande 2014; Marvao and Spagnolo 2014; Daughety and Reinganum 2009) - Corruption: how to find it and how to fight it (Svensson 2005; Bannerjee et al. 2013; Buccirossi and Spagnolo 2006; Dufwenberg and Spagnolo 2015; Basu et al. 2015) - Leniency, accomplice-witnesses and whistleblowers: deterring organized crime (Spagnolo 2008; Dyck, Morse and Zingales 2011; Acconcia, Immordino and Rey 2014; Bigoni et al. 2014; Chassang and Padro i Miquel 2014) - Private order institutions vs public laws: relationships, norms, culture and their interaction with formal laws (Guiso et al. 2015; Acemoglu and Jackson 2015) - Reputation vs product liability (Dullek et al. 2011; Daughety and Reinganum 2011) - Limited liability, judgment proofing and extended liability (Buccirossi and Spagnolo 2007, 2008; Che and Spier 2008; Martimort and Hiriart 2006) - Topics in behavioral and experimental law and economics (Jolls 2011; Wright and Ginsburg 2012; Engel 2013) Assignments and exam. All students will present a paper at the end of the course, write a referee report about it, and then write a short research proposal/project on that theme. The idea is to stimulate critical attitudes, learn how to present a bit more effectively a paper, and learn how to write a research project. The key words for this will be synthesis, focus and depth. Then there will be a written exam, consisting on two questions on the topics we covered in the course to be answered in a maximum of five lines. Grading 50% of grading will be based on presentation+referee report+research proposal. The remaining 50% will be based on the written exam.

Didattica:

  • A.A.: 2015/2016
  • Canale: UNICO
  • Crediti: 6
  • Obbligo di Frequenza: No
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