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Failure of Judges and the Rise of Regulators

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ISBN-10: 0262016958

ISBN-13: 9780262016957

Edition: 2012

Authors: Andrei Shleifer

List price: $44.00
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Description:

Government regulation is ubiquitous today in rich and middle-income countries--present in areas that range from workplace conditions to food processing to school curricula--although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that the ubiquity of regulation can be explained not so much by the failure of markets as by the failure of courts to solve contract and tort disputes cheaply, predictably, and impartially. When courts are expensive, unpredictable, and biased, the public will seek alternatives to dispute resolution. The form this alternative has taken throughout the world is regulation. The Failure of Judges and the Rise of…    
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Book details

List price: $44.00
Copyright year: 2012
Publisher: MIT Press
Publication date: 1/6/2012
Binding: Hardcover
Pages: 352
Size: 6.50" wide x 9.50" long x 1.00" tall
Weight: 1.342

Andrei Shleifer is Professor of Economics at Harvard University.

Acknowledgments
The Enforcement Theory of Regulation
Judicial Fact Discretion
The Evolution of Common Law
The Evolution of a Legal Rule
Courts
The Rise of the Regulatory State
Coase versus the Coasians
Legal Origins
The Extent of the Market and the Supply of Regulation
The Regulation of Entry
Notes
References
Index