Economic Analysis of LawThis text for students of law and economics concentrates on the progress of scholarship in the field. Concrete applications are emphasized over abstract theory in the book. |
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Page 19
... L.J. 499 ( 1961 ) ; Ronald H. Coase , The Problem of Social Cost , 3 J. Law & Econ . 1 ( 1960 ) . the first modern2 attempts to apply economic analysis systematically to 19 THE ECONOMIC APPROACH TO LAW THE ECONOMIC APPROACH TO LAW Its ...
... L.J. 499 ( 1961 ) ; Ronald H. Coase , The Problem of Social Cost , 3 J. Law & Econ . 1 ( 1960 ) . the first modern2 attempts to apply economic analysis systematically to 19 THE ECONOMIC APPROACH TO LAW THE ECONOMIC APPROACH TO LAW Its ...
Page 39
... Radio Frequency Allocation , 18 J. Law & Econ . 221 ( 1975 ) . injunction . With the creation in 1928 of the Federal Property Rights in Law and Economics 39 Property Rights in Law and Economics: The Case Broadcast Frequencies.
... Radio Frequency Allocation , 18 J. Law & Econ . 221 ( 1975 ) . injunction . With the creation in 1928 of the Federal Property Rights in Law and Economics 39 Property Rights in Law and Economics: The Case Broadcast Frequencies.
Page 495
... law's subor- dination of distributive to efficiency considerations . - And , on the other side , people often are compensated — in advance — for the losses that legal transactions impose on them . Suppose a negli- gence system is ...
... law's subor- dination of distributive to efficiency considerations . - And , on the other side , people often are compensated — in advance — for the losses that legal transactions impose on them . Suppose a negli- gence system is ...
Contents
THE NATURE OF ECONOMIC REASONING | 3 |
THE ECONOMIC APPROACH TO LAW | 19 |
PROPERTY | 29 |
Copyright | |
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accident costs activity agency antitrust average benefits bilateral monopoly breach buyer capital cartel Chapter Coase Theorem common law compensation competition consumers contract corporation costly courts crime criminal damages defendant demand deterrence discussed doctrine earnings economic analysis economist effect efficient elasticity employer enforcement example expected federal firm firm's higher impose incentive income increase infra injurer interest investment labor land Law & Econ less litigation loss lower marginal cost monopolist monopoly price monopoly profits monopsony natural monopoly negligence opportunity cost optimal output owner parents parties percent plaintiff pollution Posner predatory pricing prevent price discrimination probability problem profits property rights punishment purchase railroad reason reduce regulation require result revenue risk risk averse rule sell seller shareholders social costs strict liability substitute Suppose supra theory tion tort transaction costs union utility victim wage wealth widgets workers