Cases and Materials on Law and Economics / Edition 1

Cases and Materials on Law and Economics / Edition 1

by David W. Barnes, Lynn A. Stout
     
 

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ISBN-10: 0314001883

ISBN-13: 9780314001887

Pub. Date: 06/28/1992

Publisher: West Academic Publishing

Economic analysis can shed light on the consequences of the law's murky operations by focusing on the incentives created by the law. Applying economic principles to legal problems brings a better understanding of the implications of legal rules.

Overview

Economic analysis can shed light on the consequences of the law's murky operations by focusing on the incentives created by the law. Applying economic principles to legal problems brings a better understanding of the implications of legal rules.

Product Details

ISBN-13:
9780314001887
Publisher:
West Academic Publishing
Publication date:
06/28/1992
Series:
American Casebook Series
Edition description:
New Edition
Pages:
570
Product dimensions:
7.50(w) x 10.00(h) x 1.20(d)

Table of Contents

PREFACE v(4)
ACKNOWLEDGMENTS ix(16)
TABLE OF CASES
xxv
Chapter 1. Introduction
1(20)
A. Efficiency and Utility Maximization
1(5)
B. Efficiency and Wealth Maximization
6(5)
C. Comparing Utility and Wealth Maximization: The Pareto Criteria and the Role of Compensation
11(6)
D. Efficiency and Equity
17(4)
Chapter 2. Property Rights and Nuisance Law
21(64)
A. Externalities and Inefficiency
21(13)
B. Assigning and Exchanging Rights
34(19)
C. Transaction Costs and Impediments to Bargaining
53(32)
Chapter 3. The Economic Analysis of Tort Law
85(95)
A. Liability as an Incentive for Efficient Behavior
85(8)
B. The Negligence Standard
93(11)
C. Efficiency of Defenses to Liability Based on Negligence
104(25)
D. Strict Liability
129(23)
E. Efficient Defenses to Strict Liability
152(11)
F. Problems in Calculating Damages
163(17)
Chapter 4. Economics of Contract Law
180(97)
A. The Economic Functions of Contract
180(9)
B. Exchange, Efficiency and Unenforceability
189(22)
C. Efficient Breaches
211(19)
D. Efficient Remedies
230(35)
E. The Limits of Contract
265(12)
Chapter 5. The Efficiency of the Common Law
277(34)
A. Judicial Values and Economic Analysis
277(8)
B. The Efficient Evolution of the Common Law
285(26)
Chapter 6. Economic Analysis of Regulation
311(98)
A. Economic Theory of Demand and Supply
311(32)
B. Marginal Analysis and Allocative Efficiency
343(19)
C. Regulation and Consumer Welfare Economics
362(7)
D. Economics of Antitrust Law
369(25)
E. Regulation of Natural Monopolies
394(15)
Chapter 7. Constitutional Law and Public Choice
409(122)
A. Theory of the State
409(32)
B. Translating Individual Preferences Into Public Choices: Voting Rules as Indicia of Social Welfare
441(35)
C. Rent-Seeking and the Economic Theory of Legislation
476(16)
D. Choosing Optimal Rules of Decision: The Crafting of a Constitution
492(39)
INDEX 531

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