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CONTENTS Preface 00 1. AN INTRODUCTION TO LAW AND ECONOMICS 00 I. What Is the Economic Analysis of Law? 00 II. Some Examples 00 III. The Primacy of Efficiency over Distribution in Analyzing Private Law 00 IV. Why Should Lawyers Study Economics? Why Should Economists Study Law? 00 V. The Plan of This Book 00 2. A REVIEW OF MICROECONOMIC THEORY 00 I. Overview: The Structure of Microeconomic Theory 00 II. Some Fundamental Concepts: Maximization, Equilibrium, and Efficiency 00 III. Mathematical Tools 00 IV. The Theory of Consumer Choice and Demand 00 V. The Theory of Supply 00 VI. Market Equilibrium 00 VII. Game Theory 00 VIII. The Theory of Asset Pricing 00 IX. General Equilibrium and Welfare Economics 00 X. Decision-Making Under Uncertainty: Risk and Insurance 00 3. AN INTRODUCTION TO LAW AND LEGAL INSTITUTIONS 00 I. The Civil Law and the Common Law Traditions 00 II. The Institutions of the Federal and the State Court Systems in the United States 00 III. The Nature of a Legal Dispute 00 IV. How Legal Rules Evolve 00 4. AN ECONOMIC THEORY OF PROPERTY 00 I. The Legal Concept of Property 00 II. Bargaining Theory 00 III. The Origins of the Institution of Property: A Thought Experiment 00 IV. An Economic Theory of Property 000 V. How Are Property Rights Protected? 000 VI. What Can Be Privately Owned? ; Public and Private Goods 000 VII. What May Owners Do with Their Property? 000 VIII. On Distribution 000 Appendix: The Philosophical Concept of Property 000 5. TOPICS IN THE ECONOMICS OF PROPERTY LAW 000 I. What Can Be Privately Owned? 000 II. How Are Property Rights Established and Verified? 000 III. What May Owners Do with Their Property 000 IV. What Are the Remedies for the Violation of Property Rights? 000 6. AN ECONOMIC THEORY OF CONTRACT 000 I. Bargain Theory: An Introduction to Contracts 000 II. An Economic Theory of Contract 000 7. TOPICS IN THE ECONOMICS OF CONTRACT LAW 000 I. Remedies as Incentives 000 II. Formation Defenses and Performance Excuses 000 Mathematical Appendix 000 8. AN ECONOMIC THEORY OF TORT LAW 000 I. Defining Tort Law 000 II. An Economic Theory of Tort Liability 000 Appendix: Liability and Symmetry 000 9. TOPICS IN THE ECONOMICS OF TORT LIABILITY 000 I. Extending the Economic Model 000 II. Computing Damages 000 III. Applying the Economic Theory of Tort Liability: Tort Law Reform 000 10. AN ECONOMIC THEORY OF THE LEGAL PROCESS 000 I. Why Sue? 000 II. Exchange of Information 000 III. Settlement Bargaining 000 IV. Trial 000 V. Appeals 000 11. AN ECONOMIC THEORY OF CRIME AND PUNISHMENT 000 I. The Traditional Theory of Criminal Law 000 II. An Economic Theory of Crime and Punishment 000 12. TOPICS IN THE ECONOMICS OF CRIME AND PUNISHMENT 000 I. Crime in the United States 000 II. Does Punishment Deter Crime? 000 III. Efficient Punishment 000 IV. The Death Penalty 000 V. The Economics of Addictive Drugs and Crime 000 VI. The Economics of Handgun Control 000 Case Index 000 Name Index 000 Subject Index 000
Library of Congress Subject Headings for this publication:
Law and economics.