Presentation is loading. Please wait.

Presentation is loading. Please wait.

Assignment for Next Class / Writing Assignment for Group 3

Published byAlexia Veronica Day Modified over 6 years ago

Similar presentations

Presentation on theme: "Assignment for Next Class / Writing Assignment for Group 3"— Presentation transcript:

1 Assignment for Next Class / Writing Assignment for Group 3
Agenda for 18th Class Handouts Slides Utility versus individual rights Assignment for Next Class / Writing Assignment for Group 3 Exercise 15. Gould Virus, pp , 9

2 Last Class – Information
2 primary information problems Moral hazard. Incentive problem after contract entered into Adverse selection – Lack of information before contract entered into Principal-agent problem Context in which moral hazard or adverse selection often occurs Gilson Lawyer as Transactions Cost Engineer Contracts address and lessen information problems Good lawyers can draft clauses that make deals Representations and warranties lessen adverse selection Covenants and conditions lessen moral hazard Earn out provisions overcome disagreements relating to valuation (adverse selection) Incentivize good behavior during transition (moral hazard) King v Burwell Adverse selection provides reason to interpret “exchange established by the State” to include exchanges established by the federal government

3 Conflict Between Utility and Rights
Trolley problem. Trolley is hurtling toward 5 workmen. Driver can avoid killing 5 by turning trolley, but doing so will kill 1. Is it permissible for the driver to turn? Is it morally required? Transplant problem. 5 people will die if they don’t get organ transplants. Only way do so is to harvest organs from young man who comes in for check-up. Doing so would kill him. Would it be permissible for surgeon to kill young man to save 5 people who need organ transplants?

4 Questions on Rights What do you think is the right thing to do in the Trolley case? Why? What do you think is the right thing to do in the Transplant case? Why? P. 312 Question 7 Until recently, California law mandated vaccination of children, but exempted children based on their parents’ religious or “personal” beliefs. A recent law eliminated those exemptions. Both the former and current law allow exemption for children with medical conditions that make vaccination unsafe. What do you think is better, former or current law? Why? Can you think of a law that is better than both former and current law? Why?

Download ppt "Assignment for Next Class / Writing Assignment for Group 3"

Similar presentations

How does the Constitution protect freedom of religion?

How does the Constitution protect freedom of religion?
Suppose you're the driver of a trolley car, and your trolley car is hurtling down the track at 60 miles an hour. And at the end of the track you notice.

Suppose you're the driver of a trolley car, and your trolley car is hurtling down the track at 60 miles an hour. And at the end of the track you notice.
Asymmetric Information

Asymmetric Information
Chapter 14: Government and Market Failure

Chapter 14: Government and Market Failure
The Trolley Problem. Scenario 1 A trolley is running out of control down a track. In its path are five people who have been tied to the track by a mad.

The Trolley Problem. Scenario 1 A trolley is running out of control down a track. In its path are five people who have been tied to the track by a mad.
CALTRANS PARTNERSHIPS AND UTILITY COORDINATION By: Paul Pham April 22, 2009.

CALTRANS PARTNERSHIPS AND UTILITY COORDINATION By: Paul Pham April 22, 2009.
LESSON 5.7: VACCINATIONS Module 5: Public Health Obj. 5.1: Evaluate the potential consequences of the anti-vaccination movement.

LESSON 5.7: VACCINATIONS Module 5: Public Health Obj. 5.1: Evaluate the potential consequences of the anti-vaccination movement.
Warm-Up (Not in your notebook)

Warm-Up (Not in your notebook)
International standards and best practices: benefits and risks The Romanian legal angle Andrei Burz Pinzaru Partner.

International standards and best practices: benefits and risks The Romanian legal angle Andrei Burz Pinzaru Partner.
1 Agenda for 15th Class Rights Assignment for Next Class Readings –## 109-114 –Exercise 11 (To Have Once Been a Beetle) Questions to think about –What.

1 Agenda for 15th Class Rights Assignment for Next Class Readings –## –Exercise 11 (To Have Once Been a Beetle) Questions to think about –What.
Trust, Accountability and Courage: Key Social and Individual Resources for Collaboration Educational Policy Fellowship Program October 19, 2009 Susan Printy.

Trust, Accountability and Courage: Key Social and Individual Resources for Collaboration Educational Policy Fellowship Program October 19, 2009 Susan Printy.
1 Agenda for 5th Class Choice of Law in Contracts (continued) –Unilateral v bilateral guarantee contracts –Restatement 2nd –Interest analysis (continued)

1 Agenda for 5th Class Choice of Law in Contracts (continued) –Unilateral v bilateral guarantee contracts –Restatement 2nd –Interest analysis (continued)
MORALITY What are morals? What are your morals?

MORALITY What are morals? What are your morals?
Chapter 8: An Introduction to Insurance and Risk Management Chapter 8 An Introduction to Insurance and Risk Management.

Chapter 8: An Introduction to Insurance and Risk Management Chapter 8 An Introduction to Insurance and Risk Management.
© 2008 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien, 2e. Fernando & Yvonn Quijano Prepared by: Chapter 17 The.

© 2008 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien, 2e. Fernando & Yvonn Quijano Prepared by: Chapter 17 The.
Church / State Relations ELC EdLawNet Task Group Session #4 Aaron Woody.

Church / State Relations ELC EdLawNet Task Group Session #4 Aaron Woody.
1 Agenda for 16 th /17th Class Admin – Name plates – Handouts Slides Shavell – Section F-J only F 10/24. Class rescheduled 8-9:50 in Rm 103 M 10/27. Class.

1 Agenda for 16 th /17th Class Admin – Name plates – Handouts Slides Shavell – Section F-J only F 10/24. Class rescheduled 8-9:50 in Rm 103 M 10/27. Class.
Lecture 6 Uncertainty. Cost of Risk Agents are said to be risk averse if they prefer the expected payoff from a gamble to the gamble itself.

Lecture 6 Uncertainty. Cost of Risk Agents are said to be risk averse if they prefer the expected payoff from a gamble to the gamble itself.
1 Agenda for 17th Class Admin – Slide Handout – Thank you for electing me PILF Bake Sale judge – Exam: Tues 12/15 9-11AM (in class / multiple choice) 1-9PM.

1 Agenda for 17th Class Admin – Slide Handout – Thank you for electing me PILF Bake Sale judge – Exam: Tues 12/ AM (in class / multiple choice) 1-9PM.
1 Agenda for 18th Class Admin – Name plates – Handouts Slides Shavell Mediation – Chart of teams and rooms – Guidelines for Students – Materials for Mediators.

1 Agenda for 18th Class Admin – Name plates – Handouts Slides Shavell Mediation – Chart of teams and rooms – Guidelines for Students – Materials for Mediators.

Similar presentations

Ads by Google