Economic foundations of law and organization /
Wittman, Donald A.
Economic foundations of law and organization / Donald Wittman. - Cambridge ; New York : Cambridge University Press, 2006. - x, 390 p. : ill. ; 27 cm.
Includes bibliographical references and indexes.
Introduction --
Rational behavior, preferences, and prices --
Pareto optimality versus utilitarianism --
Cost-benefit analysis --
Transaction costs --
Fencing in and fencing out --
Coase versus Pigou --
How to think like an economist : drunk drivers, hawks, and baseballs --
Smoking regulations : market solutions to high-transaction-cost situations --
Rules of thumb : sports and driving rules --
The protection of entitlements : why one method is chosen over another --
Property rights or communal rights in knowledge? --
Liability for harm or restitution for benefit --
The takings clause : should there be compensation for regulation? --
Cost minimization and liability rules --
Negligence rules --
Crime and criminal law --
Mitigation of damages and last clear chance --
The Good Samaritan rule --
The role of being first in allocating rights : coming to the nuisance --
Default rules and breach of contract --
When is a handshake a contract and when is a "contract" not a contract? --
Marriage as contract : family law --
Exploding Coca-Cola bottles --
The role of asymmetric information --
Consumers and producers cause damage : lawnmowers --
The market for insurance --
Royalties for artists and insurance for investors --
Automobile insurance --
Bankruptcy --
Deposit insurance and banking crises --
The governance of organization --
Corporate law and agency problems --
Insider trading --
Organizational response to opportunism : McDonald's, the Mafia, and Mutual of Omaha --
The organization of legislatures --
Federalism --
The internal organization of the family --
Settlement or trial? TOC
Summary:
"This book serves as a compact introduction to the economic analysis of law and organization. At the same time, it covers a broad spectrum of issues. It is aimed at undergraduate economic majors who are interested in law and organization, law students who want to know the economic basis for the law, and students in business and public policy schools who want to understand the economic approach to law and organization."--Jacket.
0521859174 (hdbk.) 0521685249 (pbk.) 9780521859172 9780521685245
2006009907
Law and economics.
HB73 / .W58 2006
343.07 / WIE 2006
Economic foundations of law and organization / Donald Wittman. - Cambridge ; New York : Cambridge University Press, 2006. - x, 390 p. : ill. ; 27 cm.
Includes bibliographical references and indexes.
Introduction --
Rational behavior, preferences, and prices --
Pareto optimality versus utilitarianism --
Cost-benefit analysis --
Transaction costs --
Fencing in and fencing out --
Coase versus Pigou --
How to think like an economist : drunk drivers, hawks, and baseballs --
Smoking regulations : market solutions to high-transaction-cost situations --
Rules of thumb : sports and driving rules --
The protection of entitlements : why one method is chosen over another --
Property rights or communal rights in knowledge? --
Liability for harm or restitution for benefit --
The takings clause : should there be compensation for regulation? --
Cost minimization and liability rules --
Negligence rules --
Crime and criminal law --
Mitigation of damages and last clear chance --
The Good Samaritan rule --
The role of being first in allocating rights : coming to the nuisance --
Default rules and breach of contract --
When is a handshake a contract and when is a "contract" not a contract? --
Marriage as contract : family law --
Exploding Coca-Cola bottles --
The role of asymmetric information --
Consumers and producers cause damage : lawnmowers --
The market for insurance --
Royalties for artists and insurance for investors --
Automobile insurance --
Bankruptcy --
Deposit insurance and banking crises --
The governance of organization --
Corporate law and agency problems --
Insider trading --
Organizational response to opportunism : McDonald's, the Mafia, and Mutual of Omaha --
The organization of legislatures --
Federalism --
The internal organization of the family --
Settlement or trial? TOC
Summary:
"This book serves as a compact introduction to the economic analysis of law and organization. At the same time, it covers a broad spectrum of issues. It is aimed at undergraduate economic majors who are interested in law and organization, law students who want to know the economic basis for the law, and students in business and public policy schools who want to understand the economic approach to law and organization."--Jacket.
0521859174 (hdbk.) 0521685249 (pbk.) 9780521859172 9780521685245
2006009907
Law and economics.
HB73 / .W58 2006
343.07 / WIE 2006