value. They characterize dynamics, efficiency and stability of steady state equilibria and show that the nature of steady …

value. They characterize dynamics, efficiency and stability of steady state equilibria and show that the nature of steady …

This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book … foundations of economic analysis, namely, the subject of welfare economics. I also describe notions of morality and fairness … welfare economics and morality. A theme of this discussion is that notions of morality have functional aspects, and that, for …

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 …

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 …