Economic Analysis of Law

@article{Kaplow1999EconomicAO,
  title={Economic Analysis of Law},
  author={Louis Kaplow and Steven Shavell},
  journal={Law \& Economics},
  year={1999}
}
This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some criticisms of the economic analysis of law. 
The Economic Analysis of Criminal Law
This chapter summarizes the literature on the economic analysis of criminal law. First, it discusses the positive theory of criminal behavior and reviews the empirical evidence in support of the
Calabresi: Heterodox Economic Analysis of Law
Guido Calabresi is one of the founders of the law and economics movement. His approach, however, corresponds to a form of economic analysis of law that, we claim, is heterodox. We show why in this
The Role of the Chicago School of Economics in the Genesis of a New Field of Research: “The Economic Analysis of Law”
The interdisciplinary approach adopted nowadays, in terms of law and economics, is closely linked to the Chicago School of Economics. This has made a great contribution to the development of economic
Evidence: General Economic Analysis
The economic analysis of evidence law is relatively less developed than other areas of the law and economics literature, notwithstanding this subject's close relationship to other well-developed
Legal Institutions and Economic Development
This insightful collection of classic papers explores the effects of various legal institutions and policies on economic development. The editors include analysis of the historical, current, and
An Introduction to the Legal and Economic Theories of Torts
This paper begins with a survey of the classical legal theory of torts. Then we motivate and describe the economic approach to accident law. We demonstrate that negligence rules under which one party
Law by human intent or evolution? Some remarks on the Austrian school of economics’ role in the development of law and economics
In the late nineteenth century, economic analysis of law experienced an outright rejection by the German-speaking legal community. In the second half of the twentieth century, it became a dominant
Essays on the Economic Analysis of Tort Law
The analysis of tort law is one of the most influential and extensively developed applications of the economic approach in the study of law. Notwithstanding the exhaustive number of contributions on
Duress in Contracts: An Economic Analysis
This paper is forthcoming as a chapter in Contract Law and Economics, ed. Gerrit de Geest (Cheltenham: Elgar 2009) [Elgar Encyclopedia of Law and Economics 2nd ed.] and its goal is to provide an
...
...

References

SHOWING 1-10 OF 734 REFERENCES
Encyclopedia of Law and Economics
Volume 1 The history and methodology of law and economics. Volume 2 Civil law and economics. Volume 3 The regulation of contracts. Volume 4 The economics of public and tax law. Volume 5 The economics
Common Property
This paper, forthcoming in the New Palgrave Dictionary of Economics and the Law, describes the phenomena of common property and the incentive issues it raises. Various solutions to potential rent
Economics of the Law: Torts, Contracts, Property, Litigation
Over the past two decades, the field of law and economics has matured to the point where scholars have employed the latest economic methods in an effort to understand the nature of legal rules and to
A New Positive Economic Theory of Negligence
Within the last generation, economic analysis has produced a wealth of insights into common law principles and especially into the common law of tort.' Two distinct traditions have emerged within the
The new Palgrave dictionary of economics and the law
A great deal of economics is about law - the functioning of markets, property rights and their enforcement, financial obligations, and so forth - yet these legal aspects are almost never addressed in
Economic Analysis of Legal Disputes and Their Resolution
ECONOMIC THOUGHT ABOUT LAW iS old, but the economic analysis of law, which relies on formal models, is new.1 A little over 30 years ago, economics was relegated by lawyers to the technical role of
Law and Economics
1. An Introduction to Law and Economics. 2. A Review of Microeconomic Theory. 3. An Introduction to Law and Legal Institutions. 4. An Economic Theory of Property. 5. Topics in the Economics of
The Economic Theory of Public Enforcement of Law
This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. We
Regulatory Takings: Law, Economics, and Politics
Preface Introduction 1. Of Coase and Coal: Regulatory Takings in the U.S. Supreme Court 2. Eminent Domain's Democratic Origins and Economics Cycles 3. Constitutional Law, Process Theory, and
The Economic Basis of Damages for Breach of Contract
IN many respects, the common law of contract failed to survive the industrial revolution. It is now applied only in the interstices among specialized statutory and judge-made rules dealing with
...
...