Law & Economics Center

Economics Institute for Judges, September 2011

Event Date: Sunday, September 18 to Friday, September 23, 2011

Location: George Mason University School of Law, Arlington, Virginia

The Economics Institute for Judges is a week-long program that addresses the fundamental issues often at the heart of legal disputes and provide judges with a solid grounding in economics, statistics, and scientific method. Analysis of numerous court cases emphasizes the practical relevance of these disciplines.

Registration for this program is now closed.

Click Here for the Program Readings.

Format: Interactive Lectures

Schedule: 28 hours of lecture over six (6) days

Group Meals: Breakfast, Monday through Friday
Lunch, Monday through Thursday
Reception and Dinner, Sunday and Thursday evenings

Venue: George Mason University School of Law
3301 Fairfax Drive
Arlington, Virginia 22201

Hotel: The Westin Arlington Gateway
801 North Glebe Road
Arlington, VA 22203
 

AGENDA:

SUNDAY, September 18

3:00 – 4:00 pm Registration
4:00 – 4:15 pm Welcome and Introduction
  Henry N. Butler, Professor of Law, George Mason University School of Law,
and Executive Director, Law & Economics Center
  Linda Kelly, Director, Mason Judicial Education Program
4:15 - 6:00 Opening Session
  Barry Baysinger, Professor of Business Administration, School of Business,
University of Kansas
6:00 p.m. Reception and Dinner and History of the LEC - Butler

MONDAY, September 19

7:00 – 7:50 am Breakfast
8:00 – 9:15 am Economic Thinking - Butler
9:30 – 10:45 am Supply, Demand and Mutually Beneficial Exchange - Butler
11:00 – 12:15 pm The Role of Prices ; Law and Economics in the Courts
Butler
  Reading Assignment: Butler and Drahozal, Economic Analysis for Lawyers,
2nd ed., Carolina Academic Press (2006): Chapters I and II
12:15 – 1:00 pm Lunch
1:00 – 2:15 pm Property Rights and Exchange - Johnsen
  D. Bruce Johnsen, Professor of Law, George Mason University School of Law
  Reading Assignment: Butler and Drahozal, Chapter I, §B
  Johnsen, "Salmon, Science and Reciprocity on the Northwest Coast",
Ecology and Society 14(2): 43 (2009)
2:30 – 3:45 Externalities, Property Rights, and the Coase TheoremJohnsen
  Reading Assignment: Butler and Drahozal, Chapter I, §B
  "'Late Rut' will Promote Buck Movement," D. Bruce Johnsen
Houston Chronicle, Dec. 20, 1984

TUESDAY, September 20

7:00 – 7:50 am Breakfast
8:00 – 9:15 am Game Theory, Subjective Value
  Bruce Kobayashi, Professor of Law, George Mason University School of Law
  Reading Assignment: Butler and Drahozal, Chapter I, §D; Chapter II, §C.2
9:30 – 10:45 am Markets in Action - Kobayashi
  Reading Assignment: Butler and Drahozal, Chapter I, §D; Chapter II, §C.2
11:00 – 12:15 pm Competition and Monopoly
  Joshua D. Wright, Professor of Law, George Mason University School of Law
  Reading Assignment: Butler and Drahozal, Chapter VII (skim entire chapter)
12:15 – 1:00 pm Lunch
1:00 – 2:15 pm Cartels and Mergers - Wright
  Reading Assignment: Butler and Drahozal, Chapter VII, §C;
  Richard A. Posner, Economic Analysis of Law, Section 10.1, pp 287-295;
and Section 10.6, pp. 304–307.
2:30 – 3:45 Monopolization and Single Firm Conduct - Wright
  Reading Assignment: Butler and Drahozal, Chapter VII, §D.5;
  Posner, Ch. 10 Section 10.3, pp. 298-301; 10.8 pp. 308-314
4:00 - 5:15 pm Experimental Economics Lab Session – Kevin A. McCabe, Professor of
Economics, Law, and Neuroscience, George Mason University

WEDNESDAY, September 21

7:00 – 7:50 am Breakfast
8:00 – 9:15 am Experimental EconomicsMcCabe
9:30 – 10:45 am Risk, Injury and Liability - Johnsen
  Reading Assignement: Butler and Drahozal, Chapter VI, §§A and C, pp. 255-258
11:00 – 12:15 pm Economics of Insurance - Butler
  Reading Assignment: Butler and Drahozal, Chapter VI, §B
12:15 – 1:00 pm Lunch
1:00 – 2:15 pm Economic Organization and Financial Products - Johnsen
  Reading Assignment: Butler and Drahozal, Chapter VI, §D
  "Myths About Mutual Fund Fees: Economic Insights on Jones v. Harris,"
D. Bruce Johnsen
2:30 – 3:45 pm Economics of Civil Procedure I
Kobayashi
  Reading Assignment: Butler and Drahozal, Chapter III, §C
4:00 - 5:15 pm Economics of Civil Procedure IIKobayashi
  Reading Assignment: Butler and Drahozal, Chapter III, §C

THURSDAY, September 22

7:00 – 7:50 am Breakfast
8:00 – 9:15 am Information Costs and Transaction Costs - Wright
  Reading Assignment: Butler and Drahozal, Chapter V, §§A and B
9:30 – 10:45 am Agency Costs and Contracting - Wright
  Reading Assignment: Butler and Drahozal, Chapter V, §§C and D.1-2
11:00 – 12:15 pm Public Choice: Concepts
  Todd J. Zywicki, Professor of Law, George Mason University School of Law
  Reading Assignment: Butler and Drahozal, Chapter III, §§A and B; Chapter VII §D.2;
  Stearns and Zywicki, Public Choice Concepts and Applications in Law,
Thompson Reuters, (2009) pp. 76-82, 84-89, and 153-165.
12:15 – 12:30 pm Group photo
12:15 – 1:15 pm Lunch
1:00 – 2:30 pm Public Choice: Applications - Zywicki
3:30 pm Bus departs Westin Hotel for Tour, reception & dinner at Mt. Vernon

FRIDAY, September 23

7:00 – 7:50 am Breakfast
8:00 – 9:15 am Mortgage Markets - Zywicki
  Reading Assignment: "The Law and Economics of Subprime Lending,"
"The Housing Market Crash."
9:30 – 10:45 am Consumer Credit - Zywicki
  Reading Assignment: "America's Debt Paranoia," "The Market for Information and
Credit Card Regulation," "Money to Go."
  Reading Assignment: "The Law and Economics of Subprime Lending,"
"The Housing Market Crash."
11:00 – 12:15pm Review - Butler

 

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