Economic Foundations of Law and Organization [Hardcover]

This book serves as a compact introduction to the economic analysis of law and organization.This book serves as a compact introduction to the economic analysis of law and organization. It is aimed at undergraduate economics students who are interested in law and organization, law students as well as business and public policy students who want to understand the economic approach to law and organization.This book serves as a compact introduction to the economic analysis of law and organization. It is aimed at undergraduate economics students who are interested in law and organization, law students as well as business and public policy students who want to understand the economic approach to law and organization.This book serves as a compact introduction to the economic analysis of law and organization. At the same time it covers a broad spectrum of issues. It is aimed at undergraduate economics students who are interested in law and organization, law students who want to know the economic basis for the law, and students in business and public policy schools who want to understand the economic approach to law and organization. The book covers such diverse topics as bankruptcy rules, corporate law, sports rules, the organization of Congress, federalism, intellectual property, crime, accident law, and insurance. Unlike other texts on the economic analysis of law, this text is not organized by legal categories but by economic theory. The purpose of the book is to develop economic intuition and theory to a sufficient degree so that one can apply the ideas to a variety of areas in law and organization.1. Introduction; Part I. Economic Fundamentals - Rationality and Efficiency: 2. Rational behavior, preferences and prices; 3. Pareto optimally versus utilitarianism; 4. Cost-benefit analysis; Part II. Transaction Costs and the Coasean Revolution: 5. Transaction costs; 6. Fencing in and fencing out; 7. Coase versus Pigou; Part III. Cost-Benefit Analysis and the Law: 8. How to lÓÙ