A central problem facing legal systems is that often one party has private information. Mechanism design provides a set of tools from economics that may allow legal systems to make optimal decisions in this context. Conversely, the economics of mechanism design often needs particular legal tools to be implemented, so the study of legal systems may help inform the design of appropriate revelation mechanisms. This conference will bring together economists and lawyers to consider the interaction of legal systems and mechanisms design to cause the revelation of hidden information, exploring topics such as corporate law voting systems, the design of property rights, tax compliance, and settlements of lawsuits.

Organized by David Weisbach, Richard Epstein, and E. Glen Weyl

Sponsored by the Coase-Sandor Institute for Law and Economics and the University of Chicago Law Review

This event is free and open to the public, but seating may be limited.

Program