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Towards A Better Explanation Of Law And Economics: Revisiting Rational Choice Theory And The Market As A Framework For Legal Decisions, Sophie Stoyan Sep 2020

Towards A Better Explanation Of Law And Economics: Revisiting Rational Choice Theory And The Market As A Framework For Legal Decisions, Sophie Stoyan

Master of Laws Research Papers Repository

As one of the most popular and influential legal ideologies since its inception in the late 1950s and early 1960s, there is a vast wealth of law and economics scholarship with remarkable breadth encompassing nearly every area of law. Yet despite the abundance of scholarship examining legal issues through a law and economics lens, there is comparatively little literature explaining law and economics itself. This paper seeks to overcome this gap in the literature by more clearly explaining the economic concepts on which the theory is built and the connections between these concepts. In other words, this paper aims to …


Extending Graham's Interpretive Theory Into Common Law: A Multiple-Case Study, Chris Hayes Apr 2016

Extending Graham's Interpretive Theory Into Common Law: A Multiple-Case Study, Chris Hayes

Master of Studies in Law Research Papers Repository

What determines the outcome of judicial decisions? A traditional answer to this question is that it involves a complex application of rules derived from the reasons for judgment of analogous common law decisions and applicable statutes under the doctrine of stare decisis. This answer is problematic. One significant problem of this answer is its inability to explain the outcome of cases where the judgment does not appear to be based on these traditionally recognized sources. An alternative answer, provided by a particular field of legal scholarship, Legal Realism, posits that “other” factors make a significant impact on the outcome …


The Cloak Of Copyright: How Costco V. Omega Enabled Price Discrimination, Jacinth K. Sohi Jan 2011

The Cloak Of Copyright: How Costco V. Omega Enabled Price Discrimination, Jacinth K. Sohi

CMC Senior Theses

In December of 2010, Costco v. Omega came down from the Supreme Court. The Switzerland-based watchmaker Omega sold Seamaster Collection watches, which were affixed with its copyrighted logo, in the United States as well as in foreign markets. Omega priced watches in the United States market higher than elsewhere. Costco obtained Omega’s watches from a third party that had purchased the watches abroad, then sold them at its membership warehouses for cheaper prices than authorized Omega dealers in the United States. Consequently, Omega sued Costco for copyright infringement. Costco pursued a defense based on the first sale doctrine in response. …