The economic analysis of legal and regulatory issues need not be limited to the neoclassical economic approach. The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues. They demonstrate how these various approaches can lead to very different conclusions concerning the role of the law and legal intervention in a wide array of contexts. The schools of thought and methodologies represented here include institutional economics, new institutional economics, socio-economics, social economics, behavioral economics, game theory, feminist economics, Rawlsian economics, radical economics, Austrian economics, and personalist economics. The legal and regulatory issues examined include anti-trust and competition, corporate governance, the environment and natural resources, land use and property rights, unions and collective bargaining, welfare benefits, work-time regulation and standards, sexual harassment in the workplace, obligations of employers and employees to each other, crime, torts, and even the structure of government. Each contributor brings a different emphasis and provides thoughtful, sometimes provocative analysis and conclusions. Together, these heterodox insights will provide valuable supplementary reading for courses in law and economics as well as public policy and business courses at both the graduate and undergraduate levels.
This best-selling text continues to provide studentswith a clear method for applying economic analysis to the study of legal rules and institutions. Following an overview of the tools of economic...
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.
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, ...
Hansmann, H., and Kraakman, R. 2002. Property, contract, and verification: The numerus clausus problem and the divisibility of rights. The Journal of Legal Studies 31: 373–420. Harrison, G.W., Hoffman, E., Rutström, E.E., and Spitzer, ...
“Antitrust policy and hospital mergers: Recommendations for a new approach”. ... “Global cartels redux: The amino acid lysine antitrust litigation (1996)”. ... In: Kirkwood, J. (Ed.), Research in Law and Economics, vol. 22.