The annual Ronald H. Coase Lecture in Law and Economics is geared towards our first year law students. This year's lecture, on January 23, 2007, was delivered by Professor Anup Malani and titled "Culling Chickens." Professor Malani spoke about prevention of the spread of avian flu in chickens, particularly, although not exclusively, in third world countries. Much of the discussion centered around the economic principles that go into determining the appropriate rate to pay for potentially-diseased chickens in order to ensure that farmers will indeed turn them over for slaughter. A lively Q&A followed, and you can listen to the whole thing here.