Economics Institute for Judges, Week Two, December 1-7, 2012



Incentives, Property Rights, and Transactions Costs

Free Market Environmentalism

Terry L. Anderson, Executive Director, Property and Environment Research Center (PERC); Senior Fellow, Hoover Institution, Stanford University

Terry L. Anderson and Laura E. Huggins, Property Rights: A Practical Guide to Freedom & Prosperity, Hoover Institution Press Publication 515, Stanford University (2003)


Tragedy of the Commons; The Coase Theorem | Anderson


Property Rights and Environmental Entrepreneurs | Anderson


Statistics & Policy Analysis

Statistics in an Hour

Jonathan Klick​, Professor of Law, University of Pennsylvania Law School

David H. Kaye and David A. Freedman, Reference Guide on Statistics; and Daniel L. Rubinfeld, Reference Guide on Multiple Regression, Reference Manual on Scientific Evidence: Third Edition (2011)


When is Correlation Causation? | Kilck

Joshua D. Angrist and Jörn-Steffen Pischke, The Credibility Revolution in Empirical Economics: How Better Research Design Is Taking the Con out of Econometrics, Journal of Economic Perspectives, 24(2): 3-30 (2010)


Using Empirical Research to Guide Policy Making | Klick


Economics of Accounting Data

Introduction to Financial Statements

Glenn  M. Pfeiffer,  Warren and Doris Uehlinger Endowed Professorship in Business, Argyros School of Business & Economics, Chapman University

Robert C. Pozen, Is it Fair to Blame Fair Value Accounting for the Financial Crisis?, Harvard Business Review (November 2009)


Glenn Pfeiffer and David Porter, Bubbles and Fair Value Accounting, Economic and Business Review (December 2011).
Historical Costs and Opportunity Costs; Accounting Values v. Financial Valuation; Accounting Values and Market Values | Pfeiffer

Public Choice Economics

Rent Extraction
Fred S. McChesney,  de la Cruz-Mentschikoff Endowed Chair in Law and Economics, University of Miami
J. Gregory Sidak, The Petty Larceny of the Police Power, 86 Cal. L. Rev. 655 (1998)
Fred S. McChesney, Historic Self-Preservation, Library of Economics and Liberty
Malcolm B. Coate, et al., Bureaucracy and Politics in FTC Merger Challenges, Journal of Law and Economics, Vol. 33, No. 2 (Oct. 1990).
Behavioral Economics and the Role of Assumptions in Economic Thinking | McChesney
Empirical Evidence on Public Choice | McChesney

Law and Economics Applications

Mortgage Markets
Todd J. Zywicki, George Mason University Foundation Professor of Law, George Mason University School of Law
Joseph D. Adamson and Todd J. Zywicki, The Law and Economics of Subprime Lending, 80 U. Colo. L. Rev. 1 (Winter 2009)
Gabriel Okloski and Todd J. Zywicki, The Housing Market Crash, Mercatus Center Working Paper No. 09-35 (September 2009)
The Not-So-Good Good Old Days of Consumer Credit
Todd J. Zywicki, America’s Debt Paranoia, The Freeman (October 2009)
Todd J. Zywicki, The Market for Information and Credit Card Regulation, Banking & Financial Services Policy Report at 13 (January 2009)
Todd J. Zywicki, Money to Go, Regulation at 32 (Summer 2010)
Todd J. Zywicki, Dodd-Frank and the Return of the Loan Shark, The Wall Street Journal,January 4, 2011
Todd J. Zywicki, The Dick Durbin Bank Fees, The Wall Street Journal, September 29, 2011
On the Efficiency of the Common Law
Todd J. Zywicki and Edward Peter Stringham, Common Law and Economic Efficiency (September 8, 2010); ENCYCLOPEDIA OF LAW AND ECONOMICS, Francesco Parisi, Richard Posner, eds., 2010; George Mason Law & Economics Research Paper No. 10-43
Todd J. Zywicki, Spontaneous order and the common law: Gordon Tullock’s Critique, 135 Pub. Choice 35 (2008)
Scientific Method
The Scientific Method
James S. Trefil, What is Science?, Science in World, 1:1-13 (Routledge 2012)
Elements of Scientific Decision Making
The Extinction of the Dinosaurs: The Scientific Method in Action