Titlebook: Law and Markets; Alex Robson Book 2012 Palgrave Macmillan, a division of Macmillan Publishers Limited 2012 Coase theorem.competition.econo

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individual incentives in both market and non-market settings, and draws on cases and materials from a wide variety of legal jurisdictions to illustrate economic principles.978-1-349-32031-8978-0-230-35494-4

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RAFF

Courts, Legal Rules, and Markets,What role do legal rules and courts play in a market economy? What role . they play? Why do courts make the decisions that they do, and what are the some of the problems that arise with collective legal decision making?

妨碍

,Markets for Potentially Harmful Goods — The Economics of Product Liability Rules,In the previous chapter we examined situations where the parties undertaking care and incurring harm were ‘economic strangers’ in the following important sense: there was no existing economic relationship between the parties when they chose their levels of care, or when accidents occurred.

不自然

The Economics of Property Rights,This chapter examines one of the most important institutions in market economies: private property rights. Private ownership of property rights over an asset typically consists of a ‘bundle’ of rights, which usually include:

cathartic

,Crime, Punishment and Deterrence — Markets for Illegal Activities and the Economics of Public Law EIn previous chapters we examined legal rules that govern private harms and breaches of private agreements. This chapter analyses markets for illegal activities, which are thought to generate a more widely dispersed kind of social harm and which, in general, cannot be perfectly detected or enforced.

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978-1-349-32031-8Palgrave Macmillan, a division of Macmillan Publishers Limited 2012