Francesco Parisi (economist)

For the politician, see Francesco Parisi (politician).

Francesco Parisi
Born	(1962-05-31) May 31, 1962 Rome, Italy
Nationality	Italian
Alma mater	University of Rome University of California, Berkeley George Mason University
Known for	The Language of Law and Economics (2013, ISBN 9780521697712).
Scientific career
Fields	Law and Economics, Game Theory, Public Choice, Property Law, Tort Law, Contract Law, International Law
Institutions	University of Minnesota University of Bologna
Notable students	Jonathan Klick

Francesco Parisi (born May 31, 1962) is a legal scholar and economist, working primarily in the United States and Italy. He is the Oppenheimer Wolff & Donnelly Professor of Law at the University of Minnesota Law School and Distinguished Professor of Economics at the University of Bologna. Parisi specializes in the economic analysis of law. His research uses formal models and technical results in areas from international law to behavioral law and economics to tort law.

Education

Parisi earned his law degree at the University of Rome in 1985. He later studied at the University of California, Berkeley, where he obtained an LL.M. (1988) and J.S.D. (1990). He taught briefly at Louisiana State University Law Center before moving to George Mason University School of Law. While an associate professor at George Mason, Parisi obtained an M.A. in economics at Berkeley, later earning a Ph.D. in economics from George Mason University.

Career

After lecturing briefly at University of California, Berkeley (1990–91) and Louisiana State University Law Center (1991–93), Parisi was a member of the faculty of George Mason University School of Law from 1993 to 2006. The University of Minnesota Law School recruited Parisi in 2006.

At the University of Minnesota, Parisi has taught methodological courses in law and economics, including seminars in game theory, public choice, and social choice. Since 2002, Parisi has split his time between teaching in the United States and Italy. He taught at the University of Milan from 2002 to 2006 and has taught at the University of Bologna since 2006, where he remains a member of the economics faculty.

Parisi's has written on a number of legal topics. His early writings included historical and comparative analyses of the evolution of the law; more recent research has been entirely in the domain of law and economics. Parisi's work is often technical, relying on mathematical models and formal proofs to establish a practical point about the incentive structure of the law. In particular, his work often focuses on logical symmetries, secondary effects, and evolutionary changes in the law.

Parisi is a founding member of both the American Law & Economics Association and Italian Society for Law and Economics. He has served as editor-in-chief of the Review of Law and Economics, and is general editor (with Richard Posner) of the reference series Economic Approaches to Law and Research Handbooks in Law and Economics.

In 2019, the European Association of Law and Economics awarded Parisi the prestigious EALE Award for lifetime achievement. Parisi was the third American, after Robert Cooter and Guido Calabresi to receive the EALE Award.

Selected Writings

Books

• Law and economics. Posner, Richard A., Parisi, Francesco, editors. Cheltenham, Glos: Edward Elgar Pub. 1997. ISBN 1-85278-972-7. OCLC 36663083.{{cite book}}: CS1 maint: others (link)
• Parisi,, Francesco; Smith, Vernon L. (2005). The Law and Economics of Irrational Behavior. Stanford, Calif.: Stanford Economics and Finance, Stanford University Press. ISBN 0-8047-5143-9. OCLC 56532531.{{cite book}}: CS1 maint: extra punctuation (link)
• Parisi, Francesco; Fon, Vincy (2009). The Economics of Lawmaking. Oxford: Oxford University Press. ISBN 978-0-19-537415-5. OCLC 236163600.
• Parisi, Francesco (2013). The Language of Law and Economics : a Dictionary. Cambridge: Cambridge University Press. ISBN 978-0-521-87508-0. OCLC 809456900.
• Parisi, Francesco, ed. (2017). The Oxford Handbook of Law and Economics. Oxford, United Kingdom: Oxford University Press. ISBN 978-0-19-968426-7. OCLC 987229885.

Articles

• "The Genesis of Liability in Ancient Law". American Law and Economics Review. 3, No. 1. Rochester, NY: 82–124. Feb 29, 2008. SSRN 874179.
• "Entropy in Property". The American Journal of Comparative Law. 50 (3): 595–632. 2002. doi:10.2307/841063. ISSN 0002-919X. JSTOR 841063.
• Schulz, Norbert; Parisi, Francesco; Depoorter, Ben (14 Feb 2002). "Fragmentation in Property: Towards a General Model". Journal of Institutional and Theoretical Economics. 158. No. 4. Rochester, NY: 594–613. SSRN 300681.
• "Political Coase Theorem". Public Choice. 115: 1–36. 3 Nov 2003. SSRN 262025.
• Fon, Vincy; Parisi, Francesco (2002-06-12). "Litigation and the Evolution of Legal Remedies: A Dynamic Model". Public Choice. 116: 419–433. SSRN 315563.
• Parisi, Francesco; Fon, Vincy (2004). "Comparative Causation". American Law and Economics Review. 6 (2): 345–368. ISSN 1465-7252. JSTOR 42705457.
• Dari-Mattiacci, Giuseppe; Parisi, Francesco (2005). "Rents, Dissipation and Lost Treasures: Rethinking Tullock's Paradox". Public Choice. 124 (3/4): 411–422. ISSN 0048-5829. JSTOR 30026726.
• Dari-Mattiacci, Giuseppe; Langlais, Eric; Lovat, Bruno; Parisi, Francesco (2007). "Crowding-Out in Productive and Redistributive Rent-Seeking". Public Choice. 133 (1/2): 199–229. ISSN 0048-5829. JSTOR 27698179.
• Dari-Mattiacci, Giuseppe; Parisi, Francesco (2007). "Substituting Complements". Journal of Competition Law and Economics. 3: 1–15.
• Parisi, Francesco; Luppi, Barbara; Fon, Vincy (2011). "Optimal Remedies for Bilateral Contracts". The Journal of Legal Studies. 40 (1): 245–271. doi:10.1086/658406.
• Luppi, Barbara; Parisi, Francesco (2013). "Jury Size and the Hung-Jury Paradox". The Journal of Legal Studies. 42 (2): 399–422. doi:10.1086/670692. ISSN 0047-2530. JSTOR 10.1086/670692.