Law, Economic Analysis of

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Author(s):
Publish Date:
December 31, 2008
Publication Title:
The New Palgrave Dictionary of Economics (Second Edition)
Publisher:
Palgrave Macmillan
Place of Publication:
New York
Editor(s):
  • Steven N. Durlauf,
  • Lawrence E. Blume
Format:
Book, Section
Citation(s):
  • A. Mitchell Polinsky & Steven Shavell, Law, Economic Analysis of, in Steven N. Durlauf & Lawrence E. Blume, Eds., The New Palgrave Dictionary of Economics (2d ed., 2008) (available earlier as Stanford Law and Economics Olin Working Paper No. 316; Harvard Law and Economics Discussion Paper No. 536 (2005)).
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Abstract

This entry for The New Palgrave Dictionary of Economics (Second Edition, 2008) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some criticisms of the economic analysis of law.