Titlebook: Encyclopedia of Law and Economics; Alain Marciano,Giovanni Battista Ramello Living reference work 20200th edition

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Nuisance,referred level of an activity by imposing liability when the externalized costs of the activity are substantially greater than the externalized benefits or not reciprocal to other background external costs. Proximate cause doctrine plays a role in supplementing nuisance law.

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Crime (Organized) and the Law, offer insights in unexpected areas of economics. The field began some 40 years ago with the study of organized crime and its participation in illicit activities such as prostitution and gambling. Over time, the economic analysis of organized crime has expanded to address broader questions of govern

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Criminal Sanctions and Deterrence,h ancient and new. The entry then outlines the primary social justifications for using such sanctions—focusing on deterrence as a distinct purpose of punishment—and describes a basic model of criminal offending to highlight the conditions under which the threat of criminal sanctions can influence of

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Tax Amnesty,nesties can be useful tools, from the standpoint of equity and efficiency, when exploited in exceptional circumstances. Amnesties may also be used systematically, as a discriminatory mechanism to target specific features or circumstances or taxpayer groups. However, if government commitment to enfor

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Altruism,ding individuals involved in the functioning of the legal system. Altruistic choices, defined as a sacrifice that benefits others, thus remain outside the scope of the EAL. They become an issue for the EAL when the question whether to substitute external (legal) incentives for internal (moral) motiv

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Coase, Ronald Harry, for which he will be most remembered, and that pervades his work, is his argument that the costs of using the market, or transaction costs, can be a significant impediment to efficient private ordering. Their existence serves to explain the need for a legal system and can aid us in designing optima

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Living reference work 20200th edition tradition in economics. It was lost after the expulsion of some of the leading economists from Germany during 1933 to 1938, but then revived in Chicago.  Both the subject of Law of Economics and the need for a concise Encyclopedia is particularly relevant in Europe today.  Currently in the European

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Criminal Sanctions and Deterrence,fender behavior in predictable ways. Next explored are the implications for deterrence of the different types of criminal sanctions. A brief discussion of the suggestive conclusions emerging from related empirical evidence follows.