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An Introduction to Law and Economics
Introduction -- Efficiency and equity -- The coase theorem -- First application : nuisance law -- Second application : breach of contract -- Third application : automobile accidents -- Risk bearing and insurance -- Fourth application : breach of contract again -- Fifth application : automobile accidents again -- Sixth application : law enforcement using fines -- Seventh application : law enforcement using imprisonment -- Competitive markets -- Eighth application : pollution control -- Ninth application : products liability -- Tenth application : principal-agent liability -- Eleventh application : suit, settlement, and trial -- Twelfth application : regulation -- Efficiency and equity reconsidered -- A summing up -- Conclusion.
Handbook of law and economics
"Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions - for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists. The two volumes form a comprehensive and accessible survey of the current state of the field. Chapters prepared by leading specialists of the area. Summarizes received results as well as new developments."--[Source inconnue].
An Introduction to Law and Economics
Be sure to examine AN INTRODUCTION TO LAW AND ECONOMICS, Third Edition by A. Mitchell Polinksy for your next economics course.
The Economic Theory of Public Enforcement of Law
This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory, focusing on the probability of imposition of sanctions, the magnitude and form of sanctions, and the rule of liability. We then examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general enforcement, marginal deterrence, the principal-agent relationship, settlements, self-reporting, repeat offenders, imperfect knowledge about the probability and magnitude of fines, and incapacitation.
The Conquistadors
This enthralling study which examines the impact of the Spaniards upon the Aztec and Inca worlds is dominated by the personalities involved, in particular Cortes and Montezuma. Their confrontation in the Aztec lake-city of Tenochtitlan is a moving drama of human conflict revealing the dilemma and the enigma of the Indians. It is a story of battles and voyages, full of strange episodes – Cortes burning his ships, Pizarro drawing a line with his sword, saying "Gentlemen, this line represents toil, hunger, thirst, weariness, sickness" and daring them to cross it, and Atahualpa nursing his wound in the hot springs of Cajamarca and watching, with his army, the tiny band of Spanish adventurers descending the green slopes of the Andes.
Foundations of Economic Analysis of Law
What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of legal sanctions? Do corporations pollute less, market safer products, and obey contracts to avoid suit? And given the effects of laws, which are socially best? Such questions about the influence and desirability of laws have been investigated by legal scholars and economists in a new, rigorous, and systematic manner since the 1970s. Their approach, which is called economic, is widely considered to be intellectually compelling and to have revolutionized thinking about the law. In this book Steven Shavell provides an in-depth analysis and s...
Criminal Law and Economics
Criminal Law and Economics applies economic theory to explain crime, law enforcement, criminal law and criminal procedure. This pathbreaking book draws together sixteen chapters by leading scholars in the field, summarizing theoretical and empirical work researched to date on criminal law and economics. The topics range from private and public enforcement of the law, criminal procedure and regulation to terrorism, cyber crime and tax evasion. The expert contributors also cover the political economy of criminal law as well as behavioral criminal law and economics.This updated state-of-the-art reference book on criminal law will be an excellent tool for scholars and graduate students in law and economics.
Environmental Law and Economics
This anthology discusses important issues surrounding environmental law and economics and provides an in-depth analysis of its use in legislation, regulation and legal adjudication from a neoclassical and behavioural law and economics perspective. Environmental issues raise a vast range of legal questions: to what extent is it justifiable to rely on markets and continued technological innovation, especially as it relates to present exploitation of scarce resources? Or is it necessary for the state to intervene? Regulatory instruments are available to create and maintain a more sustainable society: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging pol...
The Cost-benefit State
This book discusses the current topic of Federal Government regulations increasingly assessed by asking whether the benefits of the regulation justifies the cost of the regulation.
