In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.
The handbook is full of examples and is highly accessible, since no background in either law or economics is assumed and it's free of jargon, graphs, and technical material
This would maximize economic efficiency and social wealth. In this work, the lawyer and economist Klaus Mathis critically appraises Posner’s normative justification of the efficiency paradigm from the perspective of the philosophy of law.
This text for students of law and economics concentrates on the progress of scholarship in the field. Concrete applications are emphasized over abstract theory in the book.
You'll also find authoritative notes and commentary. This text is an excellent facilitator of thought-provoking classroom discussions.
This book serves as a compact introduction to the economic analysis of law and organization.
The third edition of Economic Foundations of Law introduces readers to the economic analysis of the major areas of the law: property law, torts, contracts, criminal law, civil procedure, corporation law and financial markets, taxation, and ...
If there are no, or minimal, transactions costs, we know from the Coase Theorem that the assignment of players to teams will be efficient, i.e., done in a way that maximizes total social value. The assumption that transactions costs are ...
This annotated reader surveys articles in the field of law and economics. The selections focus on economics' distinctive contributions as a way of thinking, discussing problems of incentive, strategic behaviour,...
People living in a state can gain from merger with another state because merger creates a larger internal market and other public goods; but people living in large states often chafe at ...
The theory of rational addictive behaviour seems to be more in line with empirical studies of addictive behaviour than the concept of weakness of will. Those who decide on interventions in markets for drugs or alcohol achieve better ...