Economic Analysis of the Law Selected Readings [Paperback]

Providing students with a solid grounding in the economic analysis of the law, this reader brings together edited versions of diverse and challenging journal articles into a unified collection. Chosen to provoke thought and discussion, these carefully streamlined articles apply economic theories to many aspects of the law, from intellectual property, corporate finance, and contracts to property rights, family law, and criminal law.

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• Provides real-life examples and implications of economic theory.
  
• Creates a unified vision of the law, showing the interconnections between the various fields.
  
• Covers a broad range of topics, from intellectual property and corporate finance to family and criminal law.
  
• Encourages intuitive understanding and applications of the economic principles, due to reduced mathematical content.

Preface..

Acknowledgments.

Part I: Coase Theorem.

1. The Problem of Social Cost (Ronald H. Coase).

2. The Cost of Coase (Robert Cooter).

Part II: Property Rights, Liability Rules and Regulation.

3. Property Rules, Liability Rules and Inalienability: One View from the Cathedral (Guido Calabresi and A. Douglas Melamed).

4. Economic Theory of Liability Rules (John Brown).

5. Unity in Tort, Contract and Property: The Model of Precaution (Robert Cooter).

6. Coming to the Nuisance (Donald Wittman).

7. Liability for Harm versus Regulation of Safety (Steven Shavell).

Part III: Intellectual Property.

8. Mistake, Disclosure, Information and the Law of Contracts (Anthony T.lsP