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Law and Economics

ISBN: 9780321064820 | 0321064828
Edition: 3rd
Format: Hardcover
Publisher: Addison-Wesley
Pub. Date: 8/1/1999

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SummaryTable of Contents
This best-selling text continues to provide students with a clear method for applying economic analysis to the study of legal rules and institutions. Following an overview of the tools of economic analysis for law students and the tools of legal analysis for economics students, uniquely paired chapters offer a combination of clear theoretical analysis followed by practical application. Economic theories in four core areas of the law are used to explain and analyze topics, illustrating how microeconomic theory can be used to increase understandi... MORE
Prefaceix
An Introduction to Law and Economics
1(8)
What Is the Economic Analysis of Law?
3(1)
... MORE
Some Examples
4(3)
Why Should Lawyers Study Economics? Why Should Economists Study Law?
7(1)
The Plan of this Book
7(2)
A Review of Microeconomic Theory
9(62)
Overview: The Structure of Microeconomic Theory
9(1)
Some Fundamental Concepts: Maximization, Equilibrium, and Efficiency
10(2)
Mathematical Tools
12(4)
The Theory of Consumer Choice and Demand
16(10)
The Theory of Supply
26(3)
Market Equilibrium
29(5)
Game Theory
34(5)
The Theory of Asset Pricing
39(1)
General Equilibrium and Welfare Economics
39(5)
Decision-Making under Uncertainty: Risk and Insurance
44(14)
An Introduction to Law and Legal Institutions
The Civil Law and the Common Law Traditions
58(3)
The Institutions of the Federal and the State Court Systems of the United States
61(3)
The Nature of a Legal Dispute
64(2)
How Legal Rules Evolve
66(5)
An Economic Theory of Property
71(48)
The Legal Concept of Property
74(1)
Bargaining Theory
75(2)
The Origins of the Institution of Property: A Thought Experiment
77(4)
An Economic Theory of Property
81(17)
How Are Property Rights Protected?
98(8)
What Can Be Privately Owned?
106(3)
What May Owners Do with Their Property?
109(1)
On Distribution
110(9)
Appendix: The Philosophical Concept of Property
114(5)
Topics in the Economics of Property Law
119(58)
What Resources Should be Protected by Property Rights?
120(19)
How are Property Rights Established and Verified?
139(5)
Legal Restraints on Property Rights
144(6)
Conflicting Property Rights: The Problem of Separability
150(9)
Public and Private Property
159(3)
The Public Use of Private Property: Takings and Regulation
162(15)
An Economic Theory of Contract
177(48)
Bargain Theory: An Introduction to Contracts
178(6)
An Economic Theory of Contract
184(41)
Topics in the Economics of Contract Law
225(62)
Remedies as Incentives
225(34)
Formation Defenses and Performance Excuses
259(28)
An Economic Theory of Tort Law
287(42)
Defining Tort Law
289(11)
An Economic Theory of Tort Liability
300(29)
Appendix: Liability and Symmetry
327(2)
Topics in the Economics of Tort Liability
329(44)
Extending the Economic Model
329(16)
Computing Damages
345(10)
Applying the Economic Theory of Tort Liability: Tort Law Reform
355(18)
An Economic Theory of the Legal Process
373(54)
Why Sue?
377(13)
Exchange of Information
390(8)
Settlement Bargaining
398(7)
Trial
405(12)
Appeals
417(10)
An Economic Theory of Crime and Punishment
427(28)
The Traditional Theory of Criminal Law
428(4)
An Economic Theory of Crime and Punishment
432(23)
Topics in the Economics of Crime and Punishment
455(34)
Crime in the United States
455(5)
Does Punishment Deter Crime?
460(6)
Efficient Punishment
466(7)
The Death Penalty
473(6)
The Economics of Addictive Drugs and Crime
479(5)
The Economics of Handgun Control
484(5)
Suggested Answers489(34)
Case Index523(2)
Name Index525(4)
Subject Index529

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