Foundational course on the law of business organizations with a focus on the business corporation, covering formation, governance, fiduciary duties, and shareholder rights. Emphasis on Delaware corporate law and economic analysis of legal rules.
Examines how economic theory illuminates the structure and function of corporate law. Topics include the corporate form and agency problems, fiduciary duties, executive compensation, shareholder voting and investor activism, takeovers, and corporate social responsibility. Taught at the University of Basel Summer School in Law and Economics.
SyllabusThis course is an introduction to the federal securities laws. We will examine the disclosure obligations that attend the public offering and trading of securities. In addition to the details of these disclosure obligations and exemptions thereto, topics covered will include securities fraud and insider trading law.
Explores how economic reasoning can inform the design and evaluation of public law and regulatory policy. Topics include market failures, taxation and redistribution, cost-benefit analysis, environmental regulation, and climate change policy.
SyllabusIntroduction to economic analysis of law, focusing on the core areas of private law including torts, property, and contracts. Also examines behavioral economics, nudges, and legal design considerations such as rules versus standards. Taught at the University of Basel Summer School in Law and Economics.
SyllabusExamination of how insights from behavioral economics and psychology can inform legal rules and regulatory policy. Topics include bounded rationality, cognitive biases, and paternalistic regulation.