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Foundations of Economic Analysis of Law

Foundations of Economic Analysis of Law Author Steven Shavell
ISBN-10 9780674043497
Release 2009-06-30
Pages 759
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In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.



Economic Analysis of Law

Economic Analysis of Law Author Richard A. Posner
ISBN-10 9781454845539
Release 2014-01-08
Pages 1056
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Lucid, comprehensive, and definitive in its field, this text covers every aspect of economic analysis of the law. 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.



Economic Foundations of Law and Organization

Economic Foundations of Law and Organization Author Donald Wittman
ISBN-10 9780521859172
Release 2006-06-26
Pages 390
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This book serves as a compact introduction to the economic analysis of law and organization. At the same time it covers a broad spectrum of issues. It is aimed at undergraduate economics students who are interested in law and organization, law students who want to know the economic basis for the law, and students in business and public policy schools who want to understand the economic approach to law and organization. The book covers such diverse topics as bankruptcy rules, corporate law, sports rules, the organization of Congress, federalism, intellectual property, crime, accident law, and insurance. Unlike other texts on the economic analysis of law, this text is not organized by legal categories but by economic theory. The purpose of the book is to develop economic intuition and theory to a sufficient degree so that one can apply the ideas to a variety of areas in law and organization.



Efficiency Instead of Justice

Efficiency Instead of Justice Author Klaus Mathis
ISBN-10 9781402097980
Release 2009-03-18
Pages 220
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Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of legal problems. According to Richard A. Posner it is the role of the law to encourage market competition and, where the market fails because transaction costs are too high, to simulate the result of competitive markets. This would maximize economic efficiency and social wealth. In this work, the lawyer and economist Klaus Mathis critically appraises Posner’s normative justification of the efficiency paradigm from the perspective of the philosophy of law. Posner acknowledges the influences of Adam Smith and Jeremy Bentham, whom he views as the founders of normative economics. He subscribes to Smith’s faith in the market as an ideal allocation model, and to Bentham’s ethical consequentialism. Finally, aligning himself with John Rawls’s contract theory, he seeks to legitimize his concept of wealth maximization with a consensus theory approach. In his interdisciplinary study, the author points out the possibilities as well as the limits of economic analysis of law. It provides a method of analysing the law which, while very helpful, is also rather specific. The efficiency arguments therefore need to be incorporated into a process for resolving value conflicts. In a democracy this must take place within the political decision-making process. In this clearly written work, Klaus Mathis succeeds in making even non-economists more aware of the economic aspects of the law.



Economic Analysis of Accident Law

Economic Analysis of Accident Law Author Steven Shavell
ISBN-10 0674043510
Release 2009-06-30
Pages 320
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Economic Analysis of Accident Law has been writing in one form or another for most of life. You can find so many inspiration from Economic Analysis of Accident Law also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Economic Analysis of Accident Law book for free.



Foundations of the Economic Approach to Law

Foundations of the Economic Approach to Law Author Avery Wiener Katz
ISBN-10 1566629934
Release 1998-01-01
Pages 442
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These readings have been specifically selected to further the reader's understanding of the economic approach to law. They focus on the distinguishing characteristics of economics as a way of thinking, as well as comparing and contrasting economic analysis with more traditional methods of legal analysis. You'll also find authoritative notes and commentary. This text is an excellent facilitator of thought-provoking classroom discussions. Other topics include methodology of the economic approach, a survey of basic applications, and critiques of the economic approach.



Economic Foundations of Law Second Edition

Economic Foundations of Law Second Edition Author Stephen Spurr
ISBN-10 9781136937620
Release 2010-06-24
Pages 328
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Economic Foundations of Law (2nd ed.) provides an economic analysis of the major areas of the law: property law, torts, contracts, criminal law, civil procedure, corporation law and financial markets, taxation and labor law. In line with current trends in legal scholarship, discussion is focused on economic principles such as risk aversion, efficiency, opportunity cost, moral hazard, rent-seeking behaviour and economies of scale. Accessible, comprehensive and well written, this book uses extensive practical examples and explanations to illustrate key points. There are numerous applications to lawyers and the legal profession, with detailed discussions of subjects as diverse as the proposed market for transplantable human organs, the market for adoptions, the market for bail bonds, the unanticipated effects of Megan’s law, and issues of racial profiling. Fully updated and revised, a new chapter on labor law has also been included.



Economic Foundations of International Law

Economic Foundations of International Law Author Eric A. Posner
ISBN-10 9780674067639
Release 2013-01-01
Pages 374
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Exchange of goods and ideas among nations, cross-border pollution, global warming, and international crime pose formidable questions for international law. Two respected scholars provide an intellectual framework for assessing these problems from a rational choice perspective and describe conditions under which international law succeeds or fails.



The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis Author Sanjit Dhami
ISBN-10 9780191087332
Release 2016-12-01
Pages 1798
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This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout. It is divided into nine parts and 24 chapters: Part I is on behavioral economics of risk, uncertainty, and ambiguity. The evidence against expected utility theory is examined, and the behavioral response is outlined; the best empirically supported theory is prospect theory. Part II considers other-regarding preferences. The evidence from experimental games on human sociality is given, followed by models and applications of inequity aversion, intentions based reciprocity, conditional cooperation, human virtues, and social identity. Part III is on time discounting. It considers the evidence against the exponential discounted utility model and describes several behavioral models such as hyperbolic discounting, attribute based models and the reference time theory. Part IV describes the evidence on classical game theory and considers several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. Part V considers behavioral models of learning that include evolutionary game theory, classical models of learning, experience weighted attraction model, learning direction theory, and stochastic social dynamics. Part VI studies the role of emotions; among other topics it considers projection bias, temptation preferences, happiness economics, and interaction between emotions and cognition. Part VII considers bounded rationality. The three main topics considered are judgment heuristics and biases, mental accounting, and behavioral finance. Part VIII considers behavioral welfare economics; the main topics are soft paternalism, and choice-based measures of welfare. Finally, Part IX gives an abbreviated taster course in neuroeconomics.



Law and Economics in Europe

Law and Economics in Europe Author Klaus Mathis
ISBN-10 9789400771109
Release 2013-11-11
Pages 396
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This anthology illustrates how law and economics is developing in Europe and what opportunities and problems – both in general and specific legal fields – are associated with this approach within the legal traditions of European countries. The first part illuminates the differences in the development and reception of the economic analysis of law in the American Common Law system and in the continental European Civil Law system. The second part focuses on the different ways of thinking of lawyers and economists, which clash in economic analysis of law. The third part is devoted to legal transplants, which often accompany the reception of law and economics from the United States. Finally, the fourth part focuses on the role economic analysis plays in the law of the European Union. This anthology with its 14 essays from young European legal scholars is an important milestone in establishing a European law and economics culture and tradition.



Law s Order

Law s Order Author David D. Friedman
ISBN-10 9781400823475
Release 2001-07-02
Pages 344
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What does economics have to do with law? Suppose legislators propose that armed robbers receive life imprisonment. Editorial pages applaud them for getting tough on crime. Constitutional lawyers raise the issue of cruel and unusual punishment. Legal philosophers ponder questions of justness. An economist, on the other hand, observes that making the punishment for armed robbery the same as that for murder encourages muggers to kill their victims. This is the cut-to-the-chase quality that makes economics not only applicable to the interpretation of law, but beneficial to its crafting. Drawing on numerous commonsense examples, in addition to his extensive knowledge of Chicago-school economics, David D. Friedman offers a spirited defense of the economic view of law. He clarifies the relationship between law and economics in clear prose that is friendly to students, lawyers, and lay readers without sacrificing the intellectual heft of the ideas presented. Friedman is the ideal spokesman for an approach to law that is controversial not because it overturns the conclusions of traditional legal scholars--it can be used to advocate a surprising variety of political positions, including both sides of such contentious issues as capital punishment--but rather because it alters the very nature of their arguments. For example, rather than viewing landlord-tenant law as a matter of favoring landlords over tenants or tenants over landlords, an economic analysis makes clear that a bad law injures both groups in the long run. And unlike traditional legal doctrines, economics offers a unified approach, one that applies the same fundamental ideas to understand and evaluate legal rules in contract, property, crime, tort, and every other category of law, whether in modern day America or other times and places--and systems of non-legal rules, such as social norms, as well. This book will undoubtedly raise the discourse on the increasingly important topic of the economics of law, giving both supporters and critics of the economic perspective a place to organize their ideas.



Foundations of Neuroeconomic Analysis

Foundations of Neuroeconomic Analysis Author Paul W. Glimcher
ISBN-10 9780199744251
Release 2011
Pages 467
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Neuroeconomics has emerged at the border of the social and natural sciences. This book argues that a meaningful interdisciplinary synthesis of the study of human and animal choice is not only desirable, but also well underway, and so it is time to develop formally a foundational approach for the field.



New Foundations of Cost benefit Analysis

New Foundations of Cost benefit Analysis Author Matthew D. Adler
ISBN-10 0674022793
Release 2006
Pages 236
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In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.



An Introduction to Law and Economics

An Introduction to Law and Economics Author A. Mitchell Polinsky
ISBN-10 0735584486
Release 2011
Pages 195
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This compact paperback, distinguished by its brevity and clarity, studies a limited number of topics in the economic analysis of the law in order to help students learn how to approach legal rules like an economist. Among the many attributes of this venerable course book: Presents a good basic knowledge of economic principles and issues pertaining to the law. Uses a normative approach that shows students how to assess legal rules and policies in terms of economic and social goals. Focuses on a set of core topics, including property, contracts, torts, criminal law, and litigation. Offers clear explanations in accessible terms without using specialized jargon, math, or graphs. Shows students how to think like an economist and understand legal issues from an economic perspective. New to the Fourth Edition: Updated and refined throughout. The chapter on probability rules has been expanded. A new chapter that discusses the liability system versus the regulatory system. The bibliography has been completely updated. A short appendix with a sample syllabus that could be used as a basis for teaching the course or for a student to follow for additional readings. An Introduction to Law and Economics, Fourth Edition, continues to offer students succinct, clear explanations of the economic analysis of law and the legal system.



Economic Analysis of International Law

Economic Analysis of International Law Author Eugene Kontorovich
ISBN-10 9780857930163
Release 2016-07-29
Pages 304
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Through original and incisive contributions from leading scholars, this book applies economics and other rational choice methods to an understanding of public international law, providing a bird’s eye view of some of its most fundamental elements from the perspective of economics. The chapters cover a range of topics, beginning with the building blocks of the nation state and continuing with the sources and the enforcement of international law and its various applications and extensions. The application of economic analysis to public international law is still in its formative stages and Economic Analysis of International Law provides a useful overview, as well as setting directions for new research. This volume provides a path through recent literature while identifying new areas and issues for research, making it an invaluable resource for scholars of public international law.



The Economics of Justice

The Economics of Justice Author Richard A. Posner
ISBN-10 0674235266
Release 1983
Pages 415
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Posner uses economic analysis to probe justice and efficiency, primitive law, privacy, and the constitutional regulation of racial discrimination.



Community Futures Legal Architecture

Community Futures  Legal Architecture Author Marcia Langton
ISBN-10 9781136337109
Release 2012-05-31
Pages 320
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How are indigenous and local people faring in their dealings with mining and related industries in the first part of the 21st century? The unifying experience in all the resource-rich states covered in the book is the social and economic disadvantage experienced by indigenous peoples and local communities, paradoxically surrounded by wealth-producing projects. Another critical commonality is the role of law. Where the imposition of statutory regulation is likely to result in conflict with local people, some large modern corporations have shown a preference for alternatives to repressive measures and expensive litigation. Ensuring that local people benefit economically is now a core goal for those companies that seek a social licence to operate to secure these resources. There is almost universal agreement that the best use of the financial and other benefits that flow to indigenous and local people from these projects is investment in the economic participation, education and health of present generations and accumulation of wealth for future generations. There is much hanging on the success of these strategies: it is often asserted that they will result in dramatic improvements in the status of indigenous and local communities. What happens in practice is fascinating, as the contributors to this book explain in case studies and analysis of legal and economic problems and solutions.