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Notes from Law School by Kristopher NelsonClass notes and materials by a law student for law students.
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Class notes and materials by a law student for law students.
http://lawschool.ekris.org/
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Notes from Law School by Kristopher Nelson | lawschool.ekris.org Reviews
https://lawschool.ekris.org
Class notes and materials by a law student for law students.
lawschool.ekris.org
Notes from Law School by Kristopher Nelson: Why are contracts enforced
http://lawschool.ekris.org/2009/04/why-are-contracts-enforced.html
Notes from Law School by Kristopher Nelson. Class notes and materials by a law student for law students. Why are contracts enforced. Why do parties want their contracts to be enforced by courts? Without such enforcement, why would parties break their contracts and why would that be bad for the parties? Without enforcement, a party could appropriate funds that had been paid before contract performance (i.e., borrowers would be able to refuse to repay loans. Brought to you by Kristopher Nelson. Defining te...
Notes from Law School by Kristopher Nelson: Value of Information
http://lawschool.ekris.org/2009/04/value-of-information.html
Notes from Law School by Kristopher Nelson. Class notes and materials by a law student for law students. Cover of Foundations of Economic Analysis of Law. In general, the social value of information. That can be reused (words of a book, for example) often exceeds cost of development. This makes it socially desirable to generate. To deal with this, we can (1) grant property rights. Or (2) create a system of state rewards for creators. Steven Shavell, Foundations of Economic Analysis of Law. Trader JoeR...
Notes from Law School by Kristopher Nelson: Mutually beneficial contracts are Pareto efficient
http://lawschool.ekris.org/2009/04/mutually-beneficial-contracts-are.html
Notes from Law School by Kristopher Nelson. Class notes and materials by a law student for law students. Mutually beneficial contracts are Pareto efficient. A contract is mutually beneficial or Pareto efficient. If it cannot be modified so as to raise the well-being (or “ expected utility. Each of the parties to it. To tend toward this state, since we think that if a contract can be altered that would raise the expected utility of both parties, then that would be done. Brought to you by Kristopher Nelson.
Notes from Law School by Kristopher Nelson: Use vs. Creation Without Property Rights
http://lawschool.ekris.org/2009/04/use-vs-creation-without-property-rights.html
Notes from Law School by Kristopher Nelson. Class notes and materials by a law student for law students. Use vs. Creation Without Property Rights. 1 In the absence of property rights. In information, that information will tend to become available at the cost of production. Since anyone who valued the book (for example) more than the cost to print it would then buy it, this would result in an "optimal" number of books being printed. Steven Shavell, Foundations of Economic Analysis of Law. This is not lega...
Notes from Law School by Kristopher Nelson: Why contracts are made
http://lawschool.ekris.org/2009/04/why-contracts-are-made.html
Notes from Law School by Kristopher Nelson. Class notes and materials by a law student for law students. Why contracts are made. Future provision of goods, especially for custom or specialized goods or services where a well-organized and routine market does not exist. Mutually beneficial reallocation or sharing of risks, including insurance. For sharing of profits. Ie, borrowing or lending, which allows shifting the time a purchase is made. Steven Shavell, Foundations of Economic Analysis of Law. Santa C...
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