Max Pam Professor of Law Lee Fennell of the University of Chicago Law School presented the Fall 2020 Environmental Distinguished Lecture on October 21. Her lecture, Visibility and Individuality in Resource Arrangements, shed light on dilemmas in which value resources, such as highways, bridges, pipelines and wildlife corridors, only retain value if left undivided. That all-or-nothing structure can make assembly efforts vulnerable to holdout problems – a primary rationale for eminent domain. Yet, the fact that a given social or environmental goal has an all-or-nothing structure can also help spur voluntary cooperation. Fennell is the author of two books, most recently publishing Slices and Lumps: Division and Aggregation in Law and Life (University of Chicago Press 2019).
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1.0 CLE Credit in General, and 1.0 CLE Credit in Real Estate
Course Reference Number: 2006814N