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suppose a government agency takes part of an individuals land say for a highway for which it must pay compensation the
in chapter 1 we examined two efficiency criteria pareto efficiency and kaldor hicks efficiency recall that pareto
the harm-benefit test for compensation says that compensation should be paid for regulations that confer public
suppose the conditions of a charitable donation become illegal for example land donated for a city park to be open to
contrast the economic rationale for patents and copyrights time-limited property rights in ideas with that for adverse
consider a piece of property that is jointly owned by two individuals each with one half share suppose that in order to
a procedural means of lowering the cost of litigation is to bifurcate separate the issues of liability and damages into
suits that have no legal merit differ from those that have some merit but where the victims damages are less than the
suppose the owner of a boat on seeing an impending storm blowing up moored his boat to a dock without first obtaining
in the case of pendoley v ferreira 345 mass 309 187 ne2d 142 1963 a residential development encroached on an
a railroad can operate zero one or two trains a day along a certain stretch of track that borders a farmers field but
describe the conditions that must be satisfied in order for the common law to evolve toward efficiency without the
1 if settlement is always cheaper than trial as a means of resolving disputes why isnt it socially desirable for all
police often use undercover agents to induce individuals to commit crimes deal drugs solicit prostitution and then
discuss the various disciplines that contribute to organisation behaviour outlining how these contributions are
how do you explain the difference between usa and brazil in terms of foreign cement producers market shares is your
1 explain the sense in which criminal penalties are prices designed to elicit the efficient level of crime2 should
suppose an individual commits a crime while employed by another under what conditions will optimal deterrence be
conspiracies to commit a crime are ordinarily punished more severely than if a single person committed the same crime
why might deterrence be enhanced by awarding a share of criminal fines to enforcers what problems might such a
suppose that a drug dealer can earn 1000 from selling drugs illegally and that the probability of apprehension is 25a
a potential offender contemplates committing burglary in one of two neighborhoodsif caught he faces a fine of 5000
suppose that optimal deterrence of a particular crime requires setting the expected punishment equal to 2000 assume
suppose a prosecutor expects to convict a defendant with probability 5 and that the sentence on conviction is ten years
many companies find they are forced to remodel their traditional hierarchical structures which were originally built