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Legal change, whether through legislation, regulation, or court decision, is a common phenomenon, and virtually all …
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Legal change, whether through legislation, regulation, or court decision, is a common phenomenon, and virtually all …
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Legal change, whether through legislation, regulation, or court decision, is a common phenomenon, and virtually all …
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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...
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basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical … because exemption induces additional harmful activity to be channeled their way. This article analyzes optimal regulation with … regulation, which illustrates the contrast with the mechanism design approach that analyzes the optimal use of instruments of a …
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