The Economic Approach to Law, Third Edition / Thomas J. Miceli.

Format:

Book

Author/Creator:

Miceli, Thomas J., Author.

Language:

English

Subjects (All):

Law and economics.

Physical Description:

1 online resource (448 p.)

Edition:

3rd ed.

Place of Publication:

Stanford, CA : Stanford University Press, [2020]

Language Note:

In English.

Summary:

Master teacher Thomas J. Miceli provides an introduction to law and economics that reveals how economic principles can explain the structure of the law and make it more efficient. The third edition of this seminal textbook is thoroughly updated to include recent cases and the latest scholarship, with particular attention paid to torts, contracts, property rights, and the economics of crime. A new chapter organization, ideal for quarter- or semester-long courses, strengthens the book's focus on unifying themes in the field. As Miceli tells a cohesive, analytical "story" about law from a distinctly economic perspective, exercises and problems encourage students to deepen their knowledge. A companion website is available at http://www.sup.org/economiclaw. It offers a full suite of resources for both students and professors. Key pedagogical features include cases; discussion points that provide additional analysis of topics in the book; graduate notes, which enrich the text for more advanced readers; and relevant links. Professors have access to sample syllabi for undergraduate and graduate courses and an instructor's manual, which provides answers to all of the end-of-chapter questions and problems in the book.

Contents:

The Economic Approach to Law, Third Edition

Frontmatter

Contents

Tables and Figures

Preface

Acknowledgments

Chapter 1. Introductory Concepts

1. What Is Law and Economics?

2. Efficiency Concepts

3. The Coase Theorem

4. The Law in “Law and Economics”

5. Conclusion

Discussion Questions

Problems

Chapter 2. An Economic Model of Tort Law

1. What Is a Tort?

2. An Economic Model of Accidents: The Model of Precaution

3. Extensions of the Basic Accident Model

4. Conclusion

Chapter 3. Applying the Economic Model of Tort Law

1. Products Liability

2. Workplace Accidents

3. Liability for Environmental Damages

4. Medical Malpractice

Chapter 4. The Economics of Contract Law I: The Elements of a Valid Contract

1. Contracts and Efficient Exchange

2. The Elements of a Valid Contract

3. Reasons for Invalidating Contracts

Chapter 5. The Economics of Contract Law II : Remedies for Breach

1. The Efficient Breach Model

2. Specific Performance

3. Self-Enforcing Contracts

Chapter 6. The Economics of Property Law I: Property Rights and Consensual Exchange

1. The Nature and Function of Property Rights

2. Consensual Transfers of Property

3. Limited and Divided Ownership

4. Intellectual Property

Chapter 7. The Economics of Property Law II : Involuntary Transfers and Regulation of Property

1. The Control of Externalities

2. Involuntary Transfers and Restrictions on Transfers Between Private Parties

3. Government Acquisition and Regulation of Property Under Eminent Domain

4. Markets Versus Law: The General Transaction Structure

Chapter 8. The Economics of Crime and Law Enforcement

1. Distinguishing Crimes and Torts

2. The Economic Model of Crime

3. Empirical Evidence on the Economic Model of Crime

4. Extensions of the Basic Model

Chapter 9. The Economics of Legal Procedure

1. Civil Procedure

2. The Lawmaking Function of Trials

3. Criminal Procedure

Chapter 10. The Economics of Antitrust Law

1. Perfect Competition Versus Monopoly

2. Antitrust Law

3. The “New” Antitrust Law and Economics

4. Natural Monopoly

Answers to In-Chapter Exercises

Notes

Works Cited

Index

Notes:

Description based on online resource; title from PDF title page (publisher's Web site, viewed 15. Sep 2020)

OCLC:

1198930602