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Rewards Versus Intellectual Property Rights

Shavell, Steven; Van Ypersele, Tanguy - 2021

This paper compares reward systems to intellectual property rights (patents and copyrights). Under a reward system, innovators are paid for innovations directly by government (possibly on the basis of sales), and innovations pass immediately into the public domain. Thus, reward systems engender...

Persistent link: https://www.econbiz.de/10013220790

Economic Analysis of the General Structure of the Law

Shavell, Steven - 2021

This paper contains a chapter on the general structure of the law from a forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). In this chapter, I consider basic features of the legal system, including whether the law directly constrains behavior or channels...

Persistent link: https://www.econbiz.de/10013220934

Economic Analysis of Litigation and the Legal Process

Shavell, Steven - 2021

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/10013221080

Economic Analysis of Property Law

Shavell, Steven - 2021

This part deals with the basic elements of property law. I begin in chapter 7 by examining the fundamental question of what justifies the social institution of property, that is, the rationale for the rights that constitute what we commonly call ownership. I also discuss examples of the...

Persistent link: https://www.econbiz.de/10013221502

Economic Analysis of Accident Law

Shavell, Steven - 2021

Accident law is the body of legal rules governing the ability of victims of harm to sue and to collect payments from those who injured them. This paper contains the chapters on accident law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press,...

Persistent link: https://www.econbiz.de/10013221850

Private Versus Socially Optimal Provision of Ex Ante Legal Advice

Kaplow, Louis; Shavell, Steven - 2021

This article considers whether the demand for legal advice about potential liability for future acts is socially excessive. using the standard model of accidents, we find that the answer depends on the type of advice and the form of liability. When advice provides information about properly...

Persistent link: https://www.econbiz.de/10013217940

The Optimal Use of Fines and Imprisonment

Polinsky, A. Mitchell; Shavell, Steven - 2021

This paper examines the use of fines and imprisonment to deter individuals from engaging in harmful activities. These sanctions are analyzed separately as well as together, first for identical risk-neutral individuals and then for two groups of risk-neutral individuals who differ by wealth. When...

Persistent link: https://www.econbiz.de/10013218978

[Rezension von: Shavell, Steven, Foundations of economic analysis of law]

Posner, Richard A. - In: Journal of economic literature 44 (2006) 2, pp. 405-414

Persistent link: https://www.econbiz.de/10003346041

The theory of search

Kohn, Meir G.; Shavell, Steven - In: Journal of economic theory 9 (1974) 2, pp. 93-123

Persistent link: https://www.econbiz.de/10002246962