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Law and Markets
~
Robson, Alex.
Law and Markets
Record Type:
Language materials, printed : Monograph/item
Title/Author:
Law and Markets/
Author:
Robson, Alex.
Published:
Basingstoke :Palgrave Macmillan, : 2011.,
Description:
1 online resource (401 p.)
Notes:
Description based upon print version of record.
Subject:
China -- Economic conditions -- 1976-2000. -
Online resource:
http://www.palgraveconnect.com/doifinder/10.1057/9780230354944
ISBN:
9780230354944 (electronic bk.)
Law and Markets
Robson, Alex.
Law and Markets
[electronic resource]. - Basingstoke :Palgrave Macmillan,2011. - 1 online resource (401 p.)
Description based upon print version of record.
Cover; Contents; List of Figures; List of Tables; Preface; What Makes This Book Different?; Acknowledgements; 1 Introduction; 1.1 The legal foundations of markets; 1.2 Competitive markets and efficiency; 1.3 Key assumptions of the invisible hand theorem; 1.4 Notes; 1.5 Exercises; 2 Courts, Legal Rules, and Markets; 2.1 Introduction; 2.2 Legal rules and law enforcement: Private or public goods?; 2.3 The normative approach to legal decision making; 2.4 Courts as interpreters of evidence: The economics of updating of information; 2.5 Courts as biased policy makers
Law and Markets examines the interaction between legal rules, market forces and prices. It emphasises the economic effects of legal rules on 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.
ISBN: 9780230354944 (electronic bk.)
Source: 402935Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Topical Terms:
834545
China -- Economic conditions -- 1976-2000.
Index Terms--Genre/Form:
554714
Electronic books.
LC Class. No.: HC427.92
Dewey Class. No.: 340.11
Law and Markets
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Description based upon print version of record.
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9.4 Plea bargaining and the costs of trial
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Cover; Contents; List of Figures; List of Tables; Preface; What Makes This Book Different?; Acknowledgements; 1 Introduction; 1.1 The legal foundations of markets; 1.2 Competitive markets and efficiency; 1.3 Key assumptions of the invisible hand theorem; 1.4 Notes; 1.5 Exercises; 2 Courts, Legal Rules, and Markets; 2.1 Introduction; 2.2 Legal rules and law enforcement: Private or public goods?; 2.3 The normative approach to legal decision making; 2.4 Courts as interpreters of evidence: The economics of updating of information; 2.5 Courts as biased policy makers
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2.6 Aggregation of individual judicial or juror decisions2.7 Notes; 2.8 Appendix; 2.9 Exercises; 3.2 Externalities, the Coase Theorem and theEdgeworth Box; 3.3 Efficiency; 3.4 Legal rules in the Edgeworth Box; 3.5 The Coase Theorem and the role of transaction costs; 3.6 The Coase Theorem with more than two parties; 3.7 Notes; 3.8 Exercises; 4 Accident Law and Markets, Part I: The Unilateral Care Model; 4.1 Introduction; 4.2 The unilateral care model; 4.3 Extending the unilateral care model to a market setting: Liability rules in competitive markets
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4.4 Legal rules in competitive markets: The case of two industries4.5 Extending the unilateral care model to other market situations: Liability rules in imperfectly competitive markets; 4.6 Liability rules versus taxes and quantity regulation; 4.7 Notes; 4.8 Exercises; 5 Accident Law and Markets, Part II: The Bilateral Care Model; 5.1 Introduction; 5.2 The basic bilateral approach; 5.3 Legal rules in the bilateral care model; 5.4 The bilateral care model in a market setting; 5.5 Other legal rules in the bilateral care model; 5.6 Notes; 5.7 Exercises
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6 Markets for Potentially Harmful Goods - The Economics of Product Liability Rules6.1 Introduction; 6.2 Efficiency when goods are potentially harmful; 6.3 Consumer misperceptions of harm; 6.4 Product liability rules in perfectly competitive markets; 6.5 Product liability rules in imperfectly competitive markets: The case of Cournot oligopoly; 6.6 Application: Employment law; 6.7 Notes; 6.8 Appendix; 6.9 Exercises; 7 The Economics of Property Rights; 7.1 Introduction; 7.2 Property rights versus liability rules; 7.3 Overlapping and conflicting property rights
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7.4 The economics of insecure property rights7.5 The economics of intellectual property rights; 7.6 Notes; 7.7 Exercises; 8 Contract Law and Markets; 8.1 Introduction; 8.2 Breach of contract in competitive markets; 8.3 Market forces, reputation, and contractual performance; 8.4 Damage measures for breach of contract; 8.5 Notes; 8.6 Exercises; 9 Crime, Punishment and Deterrence - Markets for Illegal Activities and the Economics of Public Law Enforcement; 9.1 Introduction; 9.2 The economic approach to crime: A general analytical framework; 9.3 Markets for illegal goods
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