Handbook of Law and Economics ( 2 Vol Set )

A. Mitchell Polinsky

ISBN : 9780444512352
Publisher : Elsevier Science,U.S.A.
Publication Year : 2007
Imprint : North Holland
CD Included : No
Pages : 0
Binding : Hardback

List Price : US$ 150.00

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Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions – for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. Our hope is that this two volume Handbook will foster the study of the legal system by economists.

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