Providing students with a method to apply economic analysis to the study of legal rules and institutions, this work uses recent advances in microeconomics to develop economic theories in four cores areas of the law - property, contracts, torts and crime. The book features a discussion of the use of game theory to understand the law. It also includes empirical literature on such topics as product liability, medical malpractice and crime and punishment.
New to the Fifth Edition: A streamlining of the products liability chapter A revised discussion of the redistributive effects of legal rules to reflect more recent scholarship on this topic The addition of several other refinements in the ...
Schafer found that whites paid less in ghetto, transition, and central city white areas than in white suburbs.” These discounts varied from 5% to 68% and were the largest in the black ghetto. Although there have been inquiries into the ...
It is the latter approach that Judge Calabresi advocates, in a series of eloquent, thoughtful essays that will appeal to students and scholars alike.
The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues.
In this volume some of the leading scholars working in the field, as well as a number of those critical of Law and Economics, discuss the foundational issues from various perspectives: philosophical, moral, epistemological, methodological, ...
Kessler, Daniel, and Steven D. Levitt. 1999. Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation. Journal of Law and Economics 42:343–363. Kessler, Daniel, and Mark McClellan. 1996.
This book demonstrates the richness and value of the second wave. The contributors include judges from the High Court of Australia and the Court of Appeal, New Zealand and academics from the Universities of Toronto, Melbourne and Cambridge.
A book-length examination of the methodology and philosophy of law and economics.
Law Quarterly Review 107: 649–678. Hansmann, H. and Kraakman, R. 2002. Property, contract, and verification: The numerous clausus problem and the divisibility of rights. Journal of Legal Studies 31:373–420. Harrison, G.W. and McKee, ...
In the light of the above interpretation, Coase's 1981 Warren Nutter Lecture, “How Should Economists Choose?” appears as a very puzzling exercise. The lecture abounds with interesting insights, but, at the same time, ...