Economics for Lawyers

Economics for Lawyers

by Richard A. Ippolito
     
 

ISBN-10: 069112177X

ISBN-13: 9780691121772

Pub. Date: 04/11/2005

Publisher: Princeton University Press

"Economics for Lawyers provides the essential tools to understand the economic basis of law. Through rigorous analysis illustrated with simple graphs and a wide range of legal examples, Richard Ippolito focuses on a few key concepts and shows how they play out in numerous applications." Along the way, readers learn what economists mean when they talk about sorting,…  See more details below

Overview

"Economics for Lawyers provides the essential tools to understand the economic basis of law. Through rigorous analysis illustrated with simple graphs and a wide range of legal examples, Richard Ippolito focuses on a few key concepts and shows how they play out in numerous applications." Along the way, readers learn what economists mean when they talk about sorting, signaling, reputational assets, lemons markets, moral hazard, and adverse selection. They will learn a new vocabulary and a whole new way of thinking about the world they live in, and will be more productive in their professions.

Product Details

ISBN-13:
9780691121772
Publisher:
Princeton University Press
Publication date:
04/11/2005
Edition description:
New Edition
Pages:
456
Product dimensions:
6.38(w) x 9.38(h) x 1.23(d)

Table of Contents

Ch. 1Finding the optimal use of a limited income1
Ch. 2Demand curves and consumer surplus41
Ch. 3Supply curves and the flow of resources : also sunk cost, opportunity cost, and transactions cost82
Ch. 4Using demand and supply curves to evaluate policy127
Ch. 5The economics of monopoly153
Ch. 6Public goods and common resources : toward understanding the economics of property rights194
Ch. 7Externalities : the Coase theorem228
Ch. 8Pollution in the workplace : contract or externality? : an introduction to the rules of law247
Ch. 9Lemons markets and adverse selection : signals, bonds, reputation, and tie-ins as solutions282
Ch. 10Sorting as a solution to asymmetric information : coaxing market participants to divulge valuable information321
Ch. 11Moral hazard and agency problems : when mispricing affects behavior348
Ch. 12Game theory and related issues : strategic thinking when players are few and information is poor380

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >