Law and Markets [Paperback]

Law and Markets examines the interaction between legal rules, market forces and prices. It emphasises the economic effects of legal rules on individual incentives in both market and non-market settings, and draws on cases and materials from a wide variety of legal jurisdictions to illustrate economic principles.The Legal Foundation of Markets? Courts, Legal Rules, and Markets The Coase Theorem Accident Law and Markets, Part 1: The Unilateral Care Model Accident Law and Markets, Part 2: The Bilateral Care Model Markets for Potentially Harmful Goods The Economics of Property Rights Contract Law and Markets Crime, Punishment and Deterrence Topics in Corporate Law and Competition Law Litigation, Settlement and the Market for LawyersThe text is a welcome addition to the law and economics field, bringing economic rigour to the analysis of a range of topics in the field. What differentiates this text is the clear focus on the market and market structure. While useful for instructors, for the intended audience it is likely to be but one resource in an undergraduate or postgraduate law and economics class. (Stephen Whelan, Economic Record, Vol. 92 (296), March, 2016)

ALEX ROBSON Senior Research Fellow at the SMART Infrastructure Facility at the University of Wollongong, Australia. He has previously held appointments at the Australian National University in Canberra, Australia, where he taught courses in law and economics, game theory and social choice, and microeconomics.