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 74
... party desiring protection will have to compensate the other party for ... private development would result in the premature depletion of natural ... private owner of the land on which the tree is growing will consider not only the revenue ...
... party desiring protection will have to compensate the other party for ... private development would result in the premature depletion of natural ... private owner of the land on which the tree is growing will consider not only the revenue ...
Page 440
Richard A. Posner. that in any event altruism would not provide an argument ... private donations to charity . Of course the argument is not conclusive ... private charity . Government transfers are a substitute for private giving , so ...
Richard A. Posner. that in any event altruism would not provide an argument ... private donations to charity . Of course the argument is not conclusive ... private charity . Government transfers are a substitute for private giving , so ...
Page 565
... private enforcer ; it does not solve the overenforcement problem ... party is not permitted to blackmail the offending spouse ; that would ... private enforcement . The blackmailer and the bribed official both receive payment in exchange ...
... private enforcer ; it does not solve the overenforcement problem ... party is not permitted to blackmail the offending spouse ; that would ... private enforcement . The blackmailer and the bribed official both receive payment in exchange ...
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