Economic Analysis of Contract Law: Seminar
Spring term, Block J
W 5:00 PM - 7:00 PM
Visiting Professor Albert Choi
2 classroom credits LAW-92795A
This seminar will examine various contract rules and doctrines using the tools of microeconomics. We will read and critically examine both classic and more recent articles in contract law and the economic theory of contracts. Topics will include the theory of incomplete contracts, contractual externality, contract formation under asymmetric information, vagueness in commercial contracts, and the rules of interpretation. Some familiarity with microeconomics is recommended. Grade will be based on several, 3-5 page reaction papers to be submitted throughout the semester.
Prerequisite: Contracts