Citation

Publication Date: 2007-11-01
Format: Book
Bibliography: A. Mitchell Polinsky and Steven Shavell, eds., Handbook of Law and Economics, Vols. I & II, Amsterdam: Elsevier Science Publishing, November 2007.

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 explores these issues and aims to foster the study of the legal system by economists.

Edited by Professor A. Mitchell Polinsky and Harvard's Steven Shavell, the book's contributors include Richard Craswell, Dan Kessler, Roger Noll, Al Sykes, and Barry Weingast.

Other publications by this author

View All

• Law and Economics
  2007-12-01
• Public Enforcement of Law
  2007-12-01
• A Damage-Revelation Rationale for Coupon Remedies
  2007-10-01
• The Theory of Public Enforcement of Law
  2007-09-01
• The Welfare Implications of Costly Litigation for the Level of Liability
  2007-01-01
• Decoupling Liability: Optimal Incentives for Care and Litigation
  2007-01-01
• Mandatory Versus Voluntary Disclosure of Product Risks
  2006-10-01
• The Deadweight Loss of Coupon Remedies
  2006-10-01
• Optimal Fines and Auditing When Wealth is Costly to Observe
  2006-09-01
• The Optimal Use of Fines and Imprisonment When Wealth is Unobservable
  2006-07-01