Economics and Law

Economics and Law – 1000 words – Hattori v. Peairs

This is an Economics and Law paper. You do not need to write an abstract.

The rest part should be over 1000 words.

The case is Hattori v. Peairs:

https://www.lexisnexis.com/community/casebrief/p/c…

Need to follow the idea in the image because it got approved by the prof.

Abstract:

In the case Hattori v. Peairs, a 16-year-old Japanese exchange student, Yoshihiro Hattori, was shot by Rodney Peairs in the Baton Rouge area on October 17, 1992. Hattori was on his way to a Halloween party and mistaken Peairs’ house as his destination. Rodney Peairs directed Yoshihiro to freeze, however, due to limited ability of English, Hattori did not obey the direction of Peairs. Peairs, then, used extreme force – fired deadly weapon – and eventually resulted in Hattori’s death. The court decided to award $635,000 to the parents of Hattori for the wrongful death of their son. This paper examines the tradeoffs, in terms of efficiency, of the rights agents have to their own property as well as the liability for torts. I will be discussing the tradeoffs if the right to defend property with violence is allowed. And finally, I will talk about whether there exists any legal rule that would have possibly changed the outcome.

1. Tradeoffs, in terms of efficiency, for different laws
2. The rights agents have to their own property
   1. If we allow the right to defend property with violence, what incentives does this create, what are the tradeoffs
3. Liability for torts
   1. What incentives different liability rules might create in this situation
4. Whether there is any legal rule that would have changed the outcome, or different laws would just be affecting payoffs afterwards
   1. Providing justice or punishment

https://casetext.com/case/hattori-v-peairs

Guidelines for Paper
Econ 224 – Law and Economics
Spring 2021
Abstract due: April 8
Paper due: April 29
The purpose of this paper is to demonstrate understanding of the course material and an ability to apply it
to topics not discussed in class (or to apply it more thoroughly to topics discussed in class). The assignment
is fairly open-ended, but the basic idea is that you should (1) choose a topic, and (2) explain how ideas from
the class are relevant to this topic. Good sources for topics include:
• Current events: newspaper articles, news stories, etc.
• Existing questions/debates: should there be laws regulating organ donations (or sales), patent laws for
software, etc.
• Case studies: this could be a legal case, a historic event, etc.
• Something else. . . Past topics have included: the right to sell organs, the right to carry concealed
weapons, the length/breadth of specific intellectual property laws, property rights over players in the
English Premier League, the implications of vague contracts, and others.
The paper should be roughly 3-5 pages, double spaced, but if you feel you can fulfill the assignment with
fewer/more pages than that is up to you. The paper should be written for an audience that has an economics
background, but no law background. Grading will be based on the following:
• 10% – Abstract or Outline: You can choose the format you prefer (abstract or outline). Compose a
brief ( 1 page for outline,  1 paragraph for abstract) abstract or outline stating the TOPIC and the
law and economics RESULTS that you will address in your paper.
• 20% – Background: Does the paper provide sufficient information about the topic. This is not a
research paper, but a strong paper will accurately and succinctly introduce the topic and any relevant
features of the topic which are important for the analysis.
• 20% – Explanation of law and economics topics used: Does the paper demonstrate an accurate
understanding and description of the law and economics topics being used, independent of the specific
case/question being discussed in the paper. A strong paper will give a general explanation of the law
and economics topic, so that the reader has a background/understanding of the general topic as it is
being applied to the specific case/theme of the paper.
• 40% – Application of law and econ theories to specific topic: Does the paper accurately apply
results from law and economics to the specific topic. For example, if examining a current event, you
might use results from class to explain why the current laws incentivize certain behavior and what the
tradeoffs would be if the laws were changed somehow, etc. For a legal case study you might explain
how the laws lead to a certain outcome, and the tradeoffs of an alternate ruling/outcome in the case,
etc. A strong paper will recognize and highlight tradeoffs for efficiency.
• 10% – Organization: Is the paper well written, free of grammatical errors, etc. If you use any outside
sources you must cite them, but formatting for that is up to you (i.e. footnotes, in text citation, etc.)

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