Law and Economics

Abstract

Volume 1: Part 1 Fundamental concepts in law and economics: the problem of social cost, Coase property rules, liability rules and inalienability - one view of the Cathedral, Calabresi and Melamed prices and sanctions, Cootar. Part 2 Economic analysis of tort law: toward a test for strict liability in torts, Calabresi and Hirschoff toward an economic theory of liability, Brown some effects of uncertainty on compliance with legal standards, Calfee and Craseell. Part 3 Economic analysis of contract law: enforcing promises - an examination of the basis of contract, Goetz and Scott risk sharing through breach of contract remedies, Polinsky transaction-cost economics - the governance of contractual relations, Williamson. Part 4 Economic analysis of property law: toward a theory of property rights, Demsetz of Coase and cattle - dispute resolution among neighbours in Shasta County, Ellickson inalienability and the theory of property rights, Rose-Ackerman. Part 5 Economic analysis of crime: criminal law and the optimal use of non-monetary sanctions as a deterrent on the economic theory of crime, Klevorick. Volume 2: Part 1 Economic analysis of the common law process: why is the common law efficient?, Rubin can litigation improve the law without the help of judges, Cooter and Kornhauser the selection of disputes for litigation, Priest and Klein. Part 2 Economic analysis of the corporation: ownership of the firm, Hansmann theory of the firm - managerial behaviour, agency costs and ownership structures, Jensen and Meckling limited liability and the corporation, Easterbrook and Fischel. Part 3 Collective choice and the law: constitutional deregulation - notes toward a public choice theory for statutory interpretation, Eskridge ways of criticizing the court, Easterbrook. Part 4 Applications of game theory to the law: bargaining in the shadow of the law - a testable model of strategic behaviour, Cooter, Marks and Mnookin the tax compliance game - toward an interactive theory of law enforcement, Gratez, Reinganum and Wilde. Part 5 Philosophical foundations of law and economics: efficiency, utility and wealth maximization, Coleman utilitarianism, economics and legal theory, Posner is wealth a value?, Dworkin.