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Handbook of Law and Economics

Business & economics


by
A. Mitchell Polinsky (Editor) and Steven Shavell (Editor)

Book Details

Format: EPUB

Page count: 980 pages

File size: 5.2 MB

Protection: DRM

Language: English


Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions – for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists.

*The two volumes form a comprehensive and accessible survey of the current state of the field.

*Chapters prepared by leading specialists of the area.

*Summarizes received results as well as new developments.

Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions – for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent… (more)

Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions – for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists.

*The two volumes form a comprehensive and accessible survey of the current state of the field.

*Chapters prepared by leading specialists of the area.

*Summarizes received results as well as new developments.

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