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Book Description
This best-selling text continues to provide students with a clear method for applying economic analysis to the study of legal rules and institutions. Law and Economics opens with an overview of economics tools for law students and legal tools for economics students. Later chapters cover economic theories in five key areas of the law : property, contracts, torts, legal process, and crimes.
The Fourth Edition has thoroughly revised for clarity and coverage. New material includes recent development in intellectual property, law and social norms, efficiency versus equity, private disputes versus tax and transfer as methods of achieving equity, and behavioural law and economics. Empirical literature and data have been extensively updated throughtout. The improved and expanded end of chapter problems serve as an important resources for students. All new “Web Notes”, featured in each chapter closely link the text with materials on the Web Site.
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Contents
1. An Introduction to Law and Economics
2. A Review of Microeconomic Theory
3. An Introduction to Law and Legal Institutions
4. An Economic Theory of Property
5. Topics in the Economics of Property Law
6. An Economic Theory of Contract
7. Topics in the Economics of Contract Law
8. An Economic Theory of Tort Law
9. Topics in the Economics of Tort Liability
10. An Economic Theory of the Legal Process
11. An Economic Theory of Crime and Punishment
12. Topics in the Economics of Crime and Punishment
Case Index
Name Index
Subject Index
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