1st Edition

Contemporary Issues in Law and Economics

By Thomas J. Miceli Copyright 2018
186 Pages 5 B/W Illustrations
by Routledge

186 Pages 5 B/W Illustrations
by Routledge

186 Pages 5 B/W Illustrations
by Routledge

Law and economics is the field of study devoted to understanding laws and legal institutions using the tools of economic theory. This growing subject has become a mainstream area of study in both law schools and economics departments and this book explores the "law and economics" approach to some of the most interesting questions, issues, and topics in law, order, and justice. Contemporary... Read more

Preface, 1. On the usefulness of economics for understanding law, 2. Property rights and the Coase Theorem, 3. The choice between property rules and liability rules, 4. Does the law evolve toward efficiency?, 5. Threshold rules in law, 6. Simultaneous versus sequential care accidents and strategic negligence, 7. The tort-crime boundary, 8. Some difficulties with the economic theory of crime, 9. Escalating penalties for repeat offenders, 10. The problem with plea bargaining, 11. The (real) puzzle of blackmail, 12. Group punishment, 13. When is a contract enforceable?, 14. Efficient breach theory, 15. A question of title: rules for protecting the ownership of land, 16. Holdups and holdouts, 17. Eminent domain and the paradox of public use, 18. Regulatory takings and the compensation question, 19. Fair use: fair or foul?, 20. Lawsuits for sale?, Bibliographic essay, References, Index

Biography

Thomas J. Miceli has been a professor at the University of Connecticut since 1987. His research is largely in the area of law and economics, with particular emphasis on land use and property law. He also currently serves as an associate editor for the International Review of Law and Economics.