Economics 496 (Experimental) Law and Economics

Legal rules affect (i) implicit prices for consumer and firm behavior, (ii) the distribution of resources, and (iii) economic efficiency. Note that this is an economics course, not a law class. While students will obtain a background on the law surrounding property, contracts, torts, the judicial process, and crime, the content will focus on how legal rules impact consumers and producers, and whether these rules and regulations help generate an efficient use of economic resources