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Economic Foundations of Law and Organization

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ISBN-10: 0521685249

ISBN-13: 9780521685245

Edition: 2006

Authors: Donald Wittman

List price: $47.99
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Description:

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 economics students 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. The book covers such diverse topics as bankruptcy rules, corporate law, sports rules, the organization of Congress, federalism, intellectual property, crime, accident law, and insurance. Unlike other texts on the economic analysis of law, this text is not organized by legal…    
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Book details

List price: $47.99
Copyright year: 2006
Publisher: Cambridge University Press
Publication date: 6/26/2006
Binding: Paperback
Pages: 402
Size: 7.01" wide x 10.00" long x 0.83" tall
Weight: 1.584
Language: English

Preface
Introduction
Economic Fundamentals - Rationality and Efficiency
Rational Behavior, Preferences, and Prices
Pareto Optimality Versus Utilitarianism
Cost-Benefit Analysis
Transaction Costs and the Coasean Revolution
Transaction Costs
Fencing In and Fencing Out
Coase versus Pigou
Cost-Benefit Analysis and the Law - Developing Economic Intuition
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
Rights
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?
Torts and Crimes: Liability Rules and Punishments
Cost Minimization and Liability Rules
Negligence Rules
Crime and Criminal Law
The Role of Sequence
Mitigation of Damages and Last Clear Chance
The Good Samaritan Rule
The Role of Being First in Allocating Rights: Coming to the Nuisance
Contracts and Breach of Contract
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
Harms Arising Between Contracting Parties
Exploding Coca-Cola Bottles
The Role of Asymmetric Information
Consumers and Producers Cause Damage: Lawnmowers
Insurance and the Law
The Market for Insurance
Royalties for Artists and Insurance for Investors
Automobile Insurance
Bankruptcy
Deposit Insurance and Banking Crises
Governance and Organization
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
Bargaining in the Shadow of a Trial
Settlement or Trial?
Index of Authors
Index
Case Index