Features:

• Two new chapters, one on intellectual property, one on international and comparative law, both exploding fields of great importance.
• Earlier editions' questions have been converted to answers, making the book more accessible and informative.
• Revised to be clearer and less technical.
• More eclectic, reflecting recent criticisms of "rational choice" theory, in particular the need to supplement it with insights from psychology.
• Greater attention paid to judicial behavior, realistically modeled and explained in economic terms.
• Incorporates insights from the veritable explosion of books and articles published in the last few years on economic analysis of law.