Law, economics, and game theory / John Cirace.

Format:

Book

Author/Creator:

Cirace, John, author.

Language:

English

Subjects (All):

Law and economics.

Game theory.

Physical Description:

vii, 383 pages ; 27 cm

Place of Publication:

Lanham, Maryland : Lexington Books, [2018]

Contents:

Pareto efficiency and kaldor-hicks criterion compared

Rational economic behavior and logic defined

Judicial use of economic rationality (efficiency)

Equal protection and lexical constraints on efficiency

Legal rationality and logic defined

When are law and economics consistent (isomorphic)?

Prisoners' dilemma and introduction to game theory

Market and government failures as prisoners' dilemmas

Five requirements for competitive markets

In the long run we are all dead

Rottenberg's theorem: effect of a change in property rights on free markets

Coase's tactual theorems: property rights, liability rules, and mutually interfering activities

Calabresi's criteria for allocating accident costs common to several activities

Posner's economic analysis of the common law

Risk, insurance, judge hand test, and value of a statistical life

Incomplete information: adverse selection, moral hazard, and principal-agent problem

Game theoretic framework for law and economics of civil obligation

Torts: negligence and products liability

Strict rules, competitive market contract model

Discretionary standards, imperfect competition contract model

Decision theory, suit, and settlement.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Cirace, John. Law, economics, and game theory.

ISBN:

9781498549080

149854908X

OCLC:

1023606219