Economic Analysis of LawThis classic casebook earned its position as the preeminent work in the field by teaching generations of students the meaning and methods of economic analysis. The Sixth Edition continues to cover every aspect of economic analysis of the law--from common, business, and public International Law to public market regulation, evidence, and the economic theory of democracy.These distinctive features make Economic Analyis of Law such a bestseller: - author Richard A. Posner is a pioneer in law and economics analysis - comprehensive coverage of all key areas, from common law to the constitution - lucid, and user-friendly writing and organization to makes the study of economics more accessible - non-quantitative approach does not assume or require any prior knowledge of mathematics or economics - part and chapter organization is based on legal--not economic--concepts - excellent topical coverage stimulates class discussion - end-of-chapter sections extend learning through problems and suggested further readingsRevised and updated for its Sixth Edition, the casebook now offers: - new coverage in areas such as evidence, intellectual property, public International Law, and the economics of presidential pardons - chapters on antitrust and taxation that have been extensively revised - responses to all questions and problems in the Teacher's ManualLet your students learn economic analysis from the expert who set the standard through his definitive reference, Posner's Economic Analysis of Law, Sixth Edition. |
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Page 302
... firm's pricing decisions are independent that provides the intellectual basis for such a law . The reasoning is that on the one hand each firm will be reluctant to cut prices , knowing that its price cut will have so immediate and ...
... firm's pricing decisions are independent that provides the intellectual basis for such a law . The reasoning is that on the one hand each firm will be reluctant to cut prices , knowing that its price cut will have so immediate and ...
Page 361
... firm to produce q q more units . Another is for a new firm to enter the market and produce q , units ( equal to q ' q ) . At q ' , the existing firm's average cost would be c ' , but the new entrant would have to incur an average cost ...
... firm to produce q q more units . Another is for a new firm to enter the market and produce q , units ( equal to q ' q ) . At q ' , the existing firm's average cost would be c ' , but the new entrant would have to incur an average cost ...
Page 368
... firm's rates and profits by insisting that the firm use depreciated original cost , rather than replacement cost , to determine the base rate by which the allowed rate of return will be multiplied to yield the firm's allowed profits . The ...
... firm's rates and profits by insisting that the firm use depreciated original cost , rather than replacement cost , to determine the base rate by which the allowed rate of return will be multiplied to yield the firm's allowed profits . The ...
Contents
THE ECONOMIC APPROACH TO LAW | 23 |
PROPERTY | 31 |
CONTRACT Rights and Remedies | 93 |
Copyright | |
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accident agency antitrust benefits breach buyer capital cartel Chapter Coase Theorem common law compensation competition consumers contract corporation costly court creditors crime criminal damages defendant demand deter discrimination discussed earnings economic analysis economist effect efficient employer enforcement evidence example expected federal firm firm's game theory greater higher incentive income increase infra injurer interest investment judges judicial labor land Law & Econ lawyers less limited litigation loss marginal cost monopolist monopoly monopoly profits negligence nomic opportunity cost optimal output owner parties percent person plaintiff pollution Posner predatory pricing price discrimination probability problem profits property rights protection punishment railroad rational reduce regulation rent-seeking require result revenue risk risk averse rule sell seller shareholders social costs strict liability substitute Suppose supra theory tort transaction costs trial utility victim wage wealth widgets workers