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LEC Workshop for Law Professors on Public Choice Economics

Agenda

Thursday, March 20

Classes held in the Oak Room at the Sheraton Palo Alto

4:00 - 4:30 pm

 

Registration, Piazza Court Yard

4:30 - 4:35 pm

 

Welcome and Introductions

 

Discussion Leader: Todd J. Zywicki, George Mason University Foundation Professor of Law, George Mason University School of Law

4:35 - 6:00 pm

 

Class 1: Introduction to Public Choice: Economic Reasoning, Interest Group Theory, and Rent Seeking | Zywicki

 

Reading Assignment:
Stearns and Zywicki, Public Choice Concepts and Applicaitons in Law, West (2009), Chapter 1: Introduction to Economic Analysis of Collective Decision Making

6:00 - 8:00 pm

 

Reception and DinnerPiazza Court Yeard and Sequoia Room

 

History of the LEC
Henry N. ButlerGeorge Mason University Foundation Professor of Law, George Mason University School of Law and Executive Director, Law & Economics Center

Friday, March 21

Classes Held in Encina Hall, Stanford University

8:00 - 8:30 am

 

Breakfast, Oksenberg Room Lobby

8:30 - 10:00 am

 

Class 2: Introduction to Positive Political Theory

 

Barry R. Weingast, Ward C. Krebs Family Professor, Department of Political Science, Stanford University and Senior Fellow, Hoover Institution

 

Reading Assignment:
Stearns and Zywicki, Chapter 5: The Legislature

 

McCubbins and Rodriguez, "The Judiciary and the Role of Law," from Weingast and Wittman, The Oxford Handbook of Political Economy, Oxford University Press (2006)

10:30 - 12:00 pm

 

Class 3: Regulation and Rent-Extraction

 

Michael C. MungerProfessor of Political Science, Economics, and Public Policy and Director, PPE Program, Duke University

 

Reading Assignment:
Stearns and Zywicki, Chapter 2: Interest Group Theory and Rent-Seeking

 

McChesney, "Historic Self-Preservation," Library of Economics and Liberty

 

Munger, "Rent Seek and You Will Find," Library of Economics and Liberty

12:00 - 1:00 pm

 

Group Lunch, Oksenberg Room Lobby

1:00 - 2:30 pm

 

Class 4: Statutory Interpretation and Constitutional Political Economcy | Zywicki

 

Reading Assignment:
Stearns and Zywicki, Chapter 8: Constitutions

2:30 pm

 

Adjourn for the Day

Saturday, March 22

Morning classes held at Encina Hall, Stanford University

8:00 - 8:30 am

 

Breakfast, Oksenberg Room Lobby

8:30 - 10:00 am

 

Class 5: Delegation and Agency Decision-Making | Weingast

 

Reading Assignment:
Stearns and Zywicki, Chapter 6: The Executive Branch and Agencies

 

Weingast, "Caught in the Middle: The President, Congress, and the Political-Bureaucratic System," from Aberbach and Peterson,The Executive Branch and American Democracy, Oxford University Press (2005)

 

McCubbins, Noll and Weingast, "Structure and Process, Politics and Policy: Administrative Arrangements and the Political Control of Agencies," 75(2) Virginia Law Review, 431 (1989)

10:30 - 12:00 pm

 

Class 6: Empirical Studies of Public Choice | Munger

 

Reading Assignment:
Empirical Studies of Antitrust and Public Choice Packet:

 

Stearns and Zywicki, “Antitrust and Public Choice,” pp 1-3

 

Stigler, “The Origin of the Sherman Act,” 14 Journal of Legal Studies 1,4 (1985), pp 3-4

 

Boudreaux, et al, “Antitrust Before the Sherman Act,” The Causes and Consequences of Antitrust (McChesney and Shughart, eds, 1995), pp 4-9

 

Libecap, “The Rise of the Chicago Packers and the Origins of Meat Inspection and Antitrust,” 30 Economic Inquiry 242 (1992), pp 9-21

 

DiLorenzo, “The Origins of Antitrust: An Interest-Group Perspective,” 5 International Review of Law and Economics 73, 75 (1985), pp 21-27

 

Hazlett, “The Legislative History of the Sherman Act Re-Examined,” 30 Economic Inquiry 263, 264 (1992), pp 27-31

 

Baumol and Ordover, “Use of Antitrust to Subvert Competition,” 28(2), Journal of Law & Economics 247 (1985), pp 31-36

 

Coate, et al, “Bureaucracy and Politics in FTC Merger Challenges,” 33 Journal of Law & Economics 463 (1990), pp 36-41

 

Faith, et al, “Antitrust Pork Barrel,” 25 Journal of Law & Economics 329 (1982), pp 41-43

 

Shughart and Tollison, “The Positive Economics of Antitrust Policy: A Survey Article,” 5 International Review of Law and Economics 39, 40 (1985), pp 43-48

 

Wiley, “A Capture Theory of Antitrust Federalism,” 99 Harvard Law Review 713-715 (1986), pp 48-55

 

Delacourt and Zywicki, “The FTC and State Action: Evolving Views on the Proper Role of Government,” 72 Antitrust Law Journal 1075, 1075-77 (2005), pp 55-59

 

Cooper, et al, “Theory and Practice of Competition Advocacy at the FTC,” 72 Antitrust Law Journal 1091 (2005), pp 59-6

12:00 - 4:30 pm

 

Return to Hotel and Study Break (Lunch on your own)

Afternoon classes held in the Oak Room at the Sheraton Palo Alto

4:30 - 6:30 pm

 

Class 7: Discussion Session, Research Topics | Zywicki, Weingast, Munger

6:30 - 7:00 pm

 

Reception, Piazza Court Yard

7:00 - 9:00 pm

 

Dinner and Closing Remarks, Sequoia Room

9:00 pm

 

Adjourn

Sunday, March 23

Departure