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Vol 21 No 10 Oct/Nov 2016

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Criminal Injuries Compensation Claims

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Law and Markets

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ISBN13: 9780230247994
Published: December 2011
Publisher: Palgrave Scholarly
Country of Publication: UK
Format: Hardback
Price: £82.00



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Why are insecure private property rights so economically destructive? Why are enforceable contracts so beneficial? How can we best understand the forces of demand and supply in markets for illegal goods and services? Is the market for lawyers so different from other markets? Should we expect the common law to produce economically desirable outcomes? Law and Markets analyses and answers these and many other questions, and in the process shows why understanding the role that legal rules and institutions play in modern market economies is more important than ever. The book uses standard demand and supply analysis to study a wide range of topics in law and economics, including the role of courts, tort law, product liability law, contract law, property rights, criminal law and illegal markets, competition law, corporate law, and the market for lawyers. This book has been written specifically for advanced undergraduates and graduate students in economics, and provides a comprehensive guide to the ways in which legal rules can alter economic incentives.

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Contents:
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 Lawyers