1 online resource (437 p.)

Description based upon print version of record.. - Cover; Title Page; Copyright Page; Table of Contents; Introduction; A. The Economic Analysis of Law; B. Essential Insights; References and Further Reading; PART 1 ECONOMIC THEORY, LAW, AND MORALITY; 1 Background Principles in Microeconomics; A. Utility and the Distribution of Scarce Resources; B. Consumer Choice and the Law of Demand; C. Firm Behaviour and the Law of Supply; D. Market Equilibrium, and an Illustrative Application to Criminal Law; E. Game Theory; Key Points; References and Further Reading; 2 Essential Concepts in the Law and Economics Literature; A. The Coase Theorem. - B. Efficiency and Appetite for RiskC. Rationality; D. Decision Making in the Presence of Risk: Expected Value and Expected Utility; E. Decision Making under Uncertainty; Key Points; References and Further Reading; 3 Utilitarianism, Neoclassical Welfare Economics, and the Ethics of Markets; A. Utilitarianism; B. Neoclassical Welfare Economics as Applied to Law; C. The Ethics of Markets; Key Points; References and Further Reading; PART 2 THE LAW OF TORT; 1 The Economics of Liability Rules and Accidents; A. Introduction; B. Which Liability Rule?. - B. Protecting Ownership Rights in Zero-Transaction-Cost Environments. - C. Unilateral-Care Scenarios with Fixed Activity LevelsD. Bilateral-Care Scenarios with Fixed Activity Levels; E. Unilateral-Care Scenarios with Variable Activity Levels; F. Bilateral-Care Scenarios with Variable Activity Levels; G. Tort Law, Risk Aversion, Insurance, and Moral Hazard; H. Is Law and Economics Theory Realistic about Optimal Remedies?; Key Points; References and Further Reading; 2 An Economic Account of Tort Doctrine; A. Introduction; B. The Injury Requirement; C. Foreseeability, Proximity, and Causation; D. Problems in the Determination of Liability; E. Defective Products. - D. Price DiscriminationE. Irrationality and the Realism of the Law and Economics Account of Crime; F. Do Criminals Respond to Incentives?: The Empirical Literature; G. Drug Policy; Key Points; References and Further Reading; PART 4 PROPERTY; 1 The Economic Role of Property Rights; A. Introduction; B. Ownership Rights and the Efficient Utilisation of Resources; C. The Coase Theorem and Allocation of Scarce Resources; D. Problems in the Creation of Property Rights; E. Conclusion; Key Points; References and Further Reading; 2 Protecting Entitlements; A. Introduction. - F. Intentional TortsKey Points; References and Further Reading; PART 3 CRIMINAL LAW; 1 An Economic Account of Criminal Behaviour; A. Introduction; B. Categorically Inefficient Crime; C. Potentially Desirable Crime; Key Points; References and Further Reading; 2 Optimal Criminal Sanctions; A. Introduction; B. Regulating the Crime Level; C. Driving Output to Zero: Minimising Inefficient Crime at the Lowest Cost; Key Points; References and Further Reading; 3 Problems in Criminal Law; A. Introduction; B. Why Is Intent a Necessary Element of Most Crimes?; C. Why Punish Unsuccessful Attempts?. - This textbook places the relationship between law and economics in its international context, explaining the fundamentals of this increasingly important area of teaching and research in an accessible and straightforward manner. In presenting the subject, Alan Devlin draws on the neoclassical tradition of economic analysis of law while also showcasing cutting- edge developments, such as the rise of behavioural economic theories of law.Key features of this innovative book include:case law, directives, regulations, and statistics from EU, UK, and US jurisdictions are presented clearly and context

Electronic books.

340.11

1138806013. - 1138806021. - 9781138806016 (hardback) : : £125.00. - 9781138806023 (paperback) : : £44.99. - £44.99

1315751887 . - 9781315751887 . - 9781317616474 (Mobipocket ebook) :. - 9781317616481 (ePub ebook) :. - 9781317616498 (PDF ebook) :