Law and Economics
General Director:
Kenneth J. Arrow, Stanford University
Co-director:
Eyal Winter, The Hebrew University of Jerusalem
Legal systems can be justified or criticized on the basis of the benefits and costs they impose on society. Systematic use of economic reasoning to assess legal doctrines began in the early 1960s with the study of assessing liability for accidents with the objective to minimize them. Other legal issues such as property rights were dealt with in the way economics approached problems. Since that time, the field has integrated developments in economic theory such as game theory and the study of asymmetric information, and expanded itself to address other issues in the law, including criminal law. the IAS Summer School in Economic Theory will address economic reasoning in legal issues.
Speakers:
Robert J. Aumann, The Hebrew University of Jerusalem
Oren Bar-Gill, New York University
Yeon-Koo Che, Columbia University
Robert Cooter, University of California, Berkeley
Ehud Gutel, The Hebrew University of Jerusalem
Uriel Procaccia, The Hebrew University of Jerusalem
With the support of the Center for the Study of Rationality
