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THE LITIGATION PROCESS
Common Law and Statute Law
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accident agency agreement amicus antitrust argued argument behavior benefits buyer Chapter claims class actions common law compete competition competitors consumers costs courts decision makers discussion disputes Economic Analysis economically efficient economically rational economists effect efficient rules employee enforcement evolutionary example expect fact false advertising favor Federal Trade Commission firms franchise contract franchisor Gordon Tullock groups human capital implications incentive industry inefficient insider trading interests in precedents involved issue Journal of Legal Lanham Act Law and Economics Law Review lead to efficient legal foundations legal rules Legal Studies liability litigation manufacturers misrepresentation models Moreover occur ongoing interest OSHA parties penalty clauses Pfizer plaintiff Posner potential predict protection rational regulation restrictive covenants result Richard Richard Posner Rubin safety self-enforcing seller situation specific performance statute law Strict Liability substantial Supp theory transactions worker