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Polinsky, A. Mitchell; Shavell, Steven - 2007

This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some...

Persistent link: https://www.econbiz.de/10014060845

Strict Liability Versus Negligence

Shavell, Steven - 2008

The aim of this article is to compare strict liability and negligence rules on the basis of the incentives the provide to "appropriately" reduce accident losses. It will therefore be both convenient and clarifying to abstract from other issues in respect to which the rules could be evaluated. In...

Persistent link: https://www.econbiz.de/10014158871

Economic Analysis of Welfare Economics, Morality and the Law

Shavell, Steven - 2022

This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). I begin in chapter 26 with a discussion of the normative foundations of economic analysis, namely, the subject...

Persistent link: https://www.econbiz.de/10014084957

Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2022

enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …

Persistent link: https://www.econbiz.de/10014084960

Welfare Economics, Morality, and the Law

Shavell, Steven - 2003

Persistent link: https://www.econbiz.de/10014087570

Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2003

Persistent link: https://www.econbiz.de/10014088892

Economic Analysis of Litigation and the Legal Process

Shavell, Steven - 2003

Economic Analysis of Law (Harvard University Press, 2003). In chapter 17, I consider the basic theory of litigation. Here I … chapter 18, I extend the basic theory of litigation, examining among other issues the bringing of negative value suits …, in chapter 19, I discuss several general aspects of the legal process not considered in the basic theory and its …

Persistent link: https://www.econbiz.de/10014088915

Chapter 6 The Theory of Public Enforcement of Law

Polinsky, A. Mitchell; Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 403-454). 2007

This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … apprehending violators? A variety of extensions of the central theory are then examined, including: activity level; errors; the …

Persistent link: https://www.econbiz.de/10014023510

Chapter 2 Liability for Accidents

Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 139-182). 2007

This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how much care to exercise (at what speed to travel) to...

Persistent link: https://www.econbiz.de/10014023514

Chapter 25. Economic Analysis of Law

Kaplow, Louis; Shavell, Steven - In: Handbook of public economics : volume 3, (pp. 1661-1784). 2002

This is a survey of economic analysis of law, that is, of the emerging field under which the standard tools of microeconomics are employed to identify the effects of legal rules and their social desirability. Five basic subject areas are covered. The first is legal liability for harm. Here we...

Persistent link: https://www.econbiz.de/10014024839