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Economic Analysis of the Law


Publication Date: 
January 01, 2005
Working Paper
Bibliography: A. Mitchell Polinsky and Steven Shavell, Economic Analysis of the Law, Stanford Law and Economics Olin Working Paper, No. 316 / Harvard Law and Economics Discussion Paper, No. 536 (2005).


This entry for The New Palgrave Dictionary of Economics (Second Edition) 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.