This paper is in two parts. The first part is a report written in 1989 for the UK Department for Transport (DTp) to consider the way non fatal accidents should be treated in project evaluations. At the time, the DTp had adopted an economic approach to the costing of fatalities based on the...

In this second edition of The Economics of Law, an introduction to, and overview of, the economic analysis of law is provided. The text covers the history of the economics of law, the difference between economic and legal reasoning, basic economic concepts, and application of economics to tort...