Music: The Beatles, Magical Mystery Tour (1967) (on one speaker ?)

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Music The Beatles, Magical Mystery Tour
(1967)(on one speaker ?)

• Written Briefs Due
• HELIUM Monday 9/15 (Mullett)
• CHLORINE Wednesday 9/17 (Manning)

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KRYPTON DQ25 (Applying Shaw)

• The pursuer must 1 bring them into his power
  and control, and 2 so maintain his control as
  to show that he does not intend to abandon them
  again to the world at large.
• Apply to Liesner (trial court facts)
• Mortal wound Vigorous pursuit
• Escape improbable

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KRYPTON DQ25 (Applying Shaw)

• The pursuer must 1 bring them into his power
  and control, and 2 so maintain his control as
  to show that he does not intend to abandon them
  again to the world at large.
• Apply to Pierson facts

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KRYPTON DQ26 (Sunken Boat)

• Should the result in Shaw be the same if the
  fishermen used a sunken boat instead of a net to
  trap the fish? Assume the boat retains the same
  percentage of fish who enter it as the net in
  Shaw.

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KRYPTON DQ26 (Sunken Boat)

• Marking/Notice to Others will be an important
  recurring policy concern.
• See Shaw test part 2 maintain his control as to
  show that he does not intend to abandon
• See Pierson Mortal wounding pursuit OK because
  hunter thereby manifests an unequivocal
  intention of appropriating the animal

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NEON DQ27

• Can you frame a single rule that makes sense of
  the results in Pierson, Liesner, and Shaw?
• Why is this a useful exercise?
• E-mail me examples Ill write up

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RING STORY (10/78-1/84)
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New Issue in Unit IB Escape

• GENERALLY WHEN DOES OWNER OF ESCAPED ANIMAL LOSE
  PROPERTY RIGHTS?
• Why Different from Ring?
• What Facts are Relevant?

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New Issue in Unit IB Escape

• Different from First Possession (Where All 3
  Cases Ask Similar Qs)
• Escape Cases Focus on Different Concerns
• Mullett Applies English Common Law Rule
• Manning Fact-Specific Result Not Using English
  Common Law Test

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NEON DQ28

• Assume that we are in a world where the
  net-owners have no enforceable rights in fish
  caught in their nets until they physically remove
  the fish from the nets. Thomas chooses to take
  fish from the owners nets. Who is affected by
  this decision?

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EXTERNALITIES

• Cost or benefit external to a decision-making
  process
• Must be w reference to particular decision
• helpful to start by identifying decision-maker

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EXTERNALITIES

• Cost or benefit external to a decision-making
  process
• Must be w reference to particular decision
• helpful to start by identifying decision-maker
• If decision-maker considers a cost, but chooses
  to absorb it, not an externality
• E.g., Thomas considers own exertion necessary to
  take from nets, may decide to take anyway

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EXTERNALITIES

• Some Likely Externalities in DQ28
• Costs to net-owners their families
• Loss of availability to purchasers from
  net-owners
• Effects on net manufacturers
• Effects on fish food chain (might be benefits
  if net-fishing discouraged)

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INTERNALIZINGEXTERNALITIES

• Changing Rules, Laws or Circum-stances to Force
  Decision-Maker to Take Costs or Benefits Into
  Account

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INTERNALIZINGEXTERNALITIES

• Changing Rules, Laws or Circumstances to Force
  Decision-Maker to Take Costs or Benefits Into
  Account
• Imposed from Outside Generally Not Done by
  Decision-Maker

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INTERNALIZINGEXTERNALITIES

• Changing Rules, Laws or Circumstances to Force
  Decision-Maker to Take Costs or Benefits Into
  Account
• DQ30 (Oxygen) Examples of Internalizing from
  Outside Reading?

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INTERNALIZINGEXTERNALITIES

• Changing Rules, Laws or Circumstances to Force
  Decision-Maker to Take Costs or Benefits Into
  Account
• Beneficial Because Means Price of Activities Will
  Reflect Real Costs (e.g., pollution costs)

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INTERNALIZINGEXTERNALITIES

• Changing Rules, Laws or Circumstances to Force
  Decision-Maker to Take Costs or Benefits Into
  Account
• Beneficial Because Means Price of Activities Will
  Reflect Real Costs (e.g., pollution costs)
• Can Internalize Several Ways
• Require Payment of Damages
• Criminalize Activity
• Private Negotiation (Bribes)

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NEON DQ28

• If the fish are worth more to the net-owners than
  to Thomas, presumably there is some amount of
  money they could contract to pay him to leave the
  fish alone that would leave all parties better
  off than before the contract.

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NEON DQ28

• What obstacles stand in the way of the parties
  entering this contract?
• Assume cost to net-owner is 500/wk benefit to
  Thomas is 300/wk.
• Assume One-on-One Negotiation.

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Costs of One-on-One Negotiation

• Investigation Costs
• Bargaining Costs
• Strategic Behavior
• Enforcement Costs

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NEON DQ28

• What obstacles stand in the way of the parties
  entering this contract?
• Assume cost to each net-owner is 500/wk
  benefit to each fish-taker is 300/wk.
• Assume Multi-Party Negotiation.

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Additional Costs of Multi-Party Negotiation

• Free-Riding
• Holdouts
• Organization/Management Costs

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Collectively Transaction Costs

• Investigation Costs
• Bargaining Costs
• Strategic Behavior
• Enforcement Costs

• Free-Riding
• Holdouts
• Organization/Management Costs

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Transaction Costs Can Prevent Parties from
Reaching Bargains that are Efficient ( Would
Make Everyone Better Off)
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The Rhythm of the First Year

• Same at Every School Where Ive Taught

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The Rhythm of the First Year

• Three Typical Low Points
• Mid-September
• Mid-October
• Mid-November

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The Rhythm of the First Year

• The Crisis of Mid-September
• I am the Stupidest Person Here They Let Me In
  By Mistake

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The Rhythm of the First Year

• The Crisis of Mid-September
• Learning New Language by Immersion

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The Rhythm of the First Year

• The Crisis of Mid-September
• Learning New Language by Immersion
• Easy Questions Hard Questions

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The Rhythm of the First Year

• The Crisis of Mid-September
• Learning New Language by Immersion
• Easy Questions Hard Questions
• Other Perils of the Socratic Method

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The Rhythm of the First Year

• The Crisis of Mid-September
• Learning New Language by Immersion
• Easy Questions Hard Questions
• Other Perils of the Socratic Method
• Calisthenics Why We Do What We Do