| Description |
1 online resource (xvi, 282 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references (pages 269-274) and index. |
| Summary |
An analysis of how economic concepts can be used to examine and criticise the law. |
| Contents |
Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- Figures -- Tables -- Preface -- Table of cases -- Chapter 1 Introduction -- a short history of law and economics -- legal vs economic reasoning -- the common law -- Structure of the common law -- Why would the common law be efficient? -- further topics and reading -- Chapter 2 The economic approach -- choice and scarcity -- Economic rationality -- Incentive analysis -- benefits and costs -- Benefits: willingness to pay (WTP) -- Valuing intangibles -- Costs as lost opportunities -- Costs vs transfers -- Time value of money: discounting and interest -- Risk and uncertainty -- economic efficiency -- Three qualifications -- markets -- market failure -- Monopoly -- Externality -- Public good -- Asymmetric information -- the coase theorem -- The Theorem explained -- Endowment effects -- Transactions costs -- Ten Coasean tenets -- one view of the common law -- further topics and reading -- Chapter 3 Property -- property rights theory -- The case for property -- The economics of property rights -- Property as a bundle of rights -- Exclusivity -- Transferability -- Appropriability -- Divisibility -- common property -- Tragedy of the commons -- creation of property rights -- the role of property law -- intellectual property rights -- adverse possession -- transfer of title -- economics of incompatible property use -- Nuisance bargains -- Bargaining failure -- Where bargaining is not possible -- Summary -- nuisance -- Legal position -- Physical vs amenity loss -- The reasonableness test -- coming to the nuisance65 -- remedies -- Legal position -- Economics of damages -- Injunctions -- trespass -- riparian rights -- further topics and reading -- Chapter 4 Contract -- the law -- the economic framework -- The economics of contracts -- Types of contract and contract problems -- the economics of contract law -- The basics -- Contract law as gap filling -- Economic functions -- sale of goods -- Basics of market transactions -- Market sanctions -- Warranties -- Standard form contracts -- The lost volume 8216;puzzle -- consideration -- Consideration in law -- The pre-existing duty rule -- Unilateral promises -- disclosure and mistake -- Economics of information -- Pre-contractual disclosure -- Mistake -- remoteness -- frustration -- duress -- economics of remedies -- The basics -- Specific performance -- Types of damages -- Efficient breach -- Efficient reliance -- cost of cure/completion -- liquidated damages, penalties and deposits -- non-pecuniary damages -- unjust enrichment -- mitigation -- relational contracts -- contracts and competition -- further topics and reading -- Chapter 5 Tort -- objectives -- tort as contract -- negligence principles -- Hand test -- economics of liability -- Joint care -- The activity test -- reasonable man standard -- Custom -- Special skill -- Minors -- Errors and compliance -- contributory negligence -- T$238. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Common law -- Economic aspects.
|
|
Common law. |
| Genre/Form |
Electronic book.
|
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Electronic books.
|
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Electronic books.
|
| Other Form: |
Print version: Veljanovski, C.G. Economic principles of law. Cambridge ; New York : Cambridge University Press, 2007 9780521873741 (DLC) 2007279111 |
| ISBN |
9780511649196 (electronic book) |
|
0511649193 (electronic book) |
|
9780511611155 (electronic book) |
|
0511611153 (electronic book) |
|
0521695465 |
|
9780521695466 |
|
9780521873741 (hardback) |
|
9780521695466 (paperback) |
|
0521873746 |
|
